Word: trusts
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Dates: during 1950-1959
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...Should he put his faith in Edward Teller, the "father of the H-bomb," or in Linus Pauling or Edward Condon, two scientists who have so long leaned toward the left (politically) that they are no longer able to discern what is right (militarily or morally)? I prefer to trust my nuclear future to Dr. Teller...
Since almost everyone seems to have decided that the recession will not get any worse, the main topic of business conversation last week centered around when the recession would end. The answer depended somewhat on who was talking. New York's Guaranty Trust Co. took a banker's grey view: "Prospects for a definite end . . . remain highly uncertain, despite . . . comment that the bottom may be close at hand." Said the equally august Chase Manhattan Bank: "It is possible that we may see an end before long...
While few businessmen were willing to pinpoint the day on which the economy would come out of its slump, the Guaranty Trust knew what could delay the recovery. Said the bank: "The longer management clings to old methods, old products and old pricing policies, the longer it will take to recover lost markets. The more tenaciously labor insists upon maintaining, or raising, the cost of employment, the less employment there will...
...directly replaced the old Appleton Chapel which had a strongly Protestant tradition. But the church would have no affiliation with any one Protestant denomination. "The fund for the Chapel," said the Overseers, "shall be solicited upon the express condition that the chapel shall be held as an undenominational trust...
...Sodality; no one pays dues to the H-R O, which is administered by "the Board," consisting of Pierian's officers, the Radcliffe President, and the conductor. The Radcliffe dues are never spent because all expenses for the concerts are paid by Pierian dues, concert profits, and the Pierian Trust Fund. Thus the Radcliffe group has accumulated $209 in its bank account, and this year reduced its dues to $.50 per year...