Word: trust
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Dates: during 1950-1959
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...Well, There It Is." In a sense, wealthy (endowment: $20 million plus an annual income from the Duke Endowment Trust) Duke is really not at all the parvenu it seems. Long before its Gothic towers rose on the empty fields along the western edge of Durham, N.C., the town already had a solid little liberal arts college named Trinity. Said the Trinity catalogue in 1892: "The society of Durham is cultured and elegant." Even more important, elegant Durham also had money. Tobacco Tycoon Washington Duke poured thousands into...
Last Drink. Unable to trust the local police, French authorities called in help from Paris. Ten inspectors, said to be on vacation, arrived in Casablanca and by luck turned up one local cop who was willing to talk. Albert Forestier was a tough, 25-year-old ex-racing cyclist and newspaperman who had joined the police force only a few months before. He was soon an avid vigilante as well, but when his friends bombed the home of his old editor, he turned sour. Albert's story to the French detectives was complete with names and dates. Before...
...President, anticipating growing prosperity, foresaw Government income of $60 billion, an increase of $1 billion over this year. In between is an anticipated deficit of $2.4 billion, approximately one-fourth of the deficit in Harry Truman's last budget. The Government's "cash" budget, which treats trust-fund income, e.g., Social Security funds, as current receipts, is actually expected to show a surplus of $558 million at year...
Under the general name "United Church of Christ," each member church would have complete local autonomy to conduct its own affairs, decide on its form of worship and method of administering the sacraments. If a local church owns property, it may retain it. If held in trust, the property could be transferred to the United Church of Christ...
...1930s, many a U.S. housewife without so much as a Cadillac to call her own wrung her hands in anguish over the plight of a pathetic, ten-year-old waif named Gloria Vanderbilt. Fatherless at two, Gloria was heir to a trust fund totaling some $3,000,000, and nobody seemed to love her for her wide-eyed, wispy self alone. In one of the most relentlessly publicized custody fights of all time, little Gloria's mother, the gadabout "big Gloria" Morgan Vanderbilt, and her aunt, the redoubtable, socialite art lover, Mrs. Harry Payne Whitney, traded haymakers of innuendo...