Word: trusts
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Dates: during 1920-1929
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After running over the main points of Lee's career, General Maurice observes, "The Lee that I see was an essentially simple-minded man with a keen sense of duty and a perfect trust in God's providence. His nature was not such as to make him eager to investigate the complexities of involved political questions, and his military training was calculated to give him a strange distaste for such investigations." A caricature more libelous could hardly be conceived. To call Lee a simple-minded man is as unjust as in these days of Modernism to suggest that...
...will leaves the bulk of the estate to his son Edward Sampson of Washington, D. C. The estate is given to the son as a trust fund which will not be accessible to him until he reaches the age of 40. However, the will declares that should he die before this time and should he leave no children the University shall receive $110,000 as an endowment for a chair of poetry...
Doctors, lawyers, merchant chiefs-they were going to bid for the piano. Cunningly, Mr. Day conducted an orchestra of instruments subtler than those of Mr. Damrosch's. Up and up went the bidders. At last only three were left: William C. Potter, President of the Guaranty Trust Co.; Charles E. Mitchell, President of the National City Bank; Thomas Cochran, of J. P. Morgan...
...Last month, James Buchanan Duke, North Carolina tobacco man, established a 40-million-dollar trust fund (TIME, Dec. 15). He told Trinity College (Durham, N. C.) that if it would become Duke University, it might have the money. Otherwise, there would be a new university in the land...
...action was taken entirely on the volition of the General Electric Co. Nevertheless, various political groups, particularly the Federal Trade Commission, will probably hasten to "claim credit'? for dissolving the "Electrical Trust...