Word: trusts
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Dates: during 1950-1959
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...Oxford, Miss., Mrs. Estelle Faulkner, wife of Novelist William (Sanctuary) Faulkner, disclosed that her husband gave away his 1950 Nobel Prize money. The writer, who is currently in Egypt working on a Warner Bros. CinemaScope movie, Land of the Pharaohs, put the $30,000 into a trust fund to be spent for scholarships and other good works...
...FORD v. G.M. production race, which squeezed other automakers down to 18% of the market in the first quarter, has touched off four "preliminary investigations" of the auto industry by the Justice Department's anti-trust division...
...first boat-which Love calls his "beef trust"-averages out at 187 pounds and is made up of two lettermen, stroke Larry Brownell and three oar Dick Darrell; two sophomores, from last year's freshman crew, Roger Hearne at four and Howie Lewis at one; and four graduates from last year's J.V. and third boat: Dick Higgins at seven, Bob Monks at six, Pete Simonds at five, and Randy Harrison at two. As cox Bill Crowther will mind the rudder and call the strokes...
Both schools have decided not to participate in the NCAA's nationwide television setup, on the advice of their lawyers. There has been no legal ruling on the present system, but many authorities feel it may be a violation of the anti-trust laws...
Harvard's stand against the NCAA, along with a desire to make such decisions on television independently of such a large body, stoms mainly from advice of its lawyers that the Association's TV rulings may be against anti-trust laws...