Word: trusts
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Dates: during 1960-1969
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...ordeal of an Italian village that during World War II attempted to hide 1,320,000 bottles of vermouth from the German army. Beggars on Horseback, by James Mossman, is a grisly, giggly satire about a mythical Middle Eastern kingdom where the British muddle through until they fizzle out. Trust, by Cynthia Ozick, is a massive (568 pages) and almost continuously impressive attempt to reconstruct the near-religious experience of Marxism cum Utopianism that gripped American Jewry in the '30s. Moss on the North Side, by Sylvia Wilkinson, is a poetic apperception of childhood elaborated...
...millions of guns privately owned in the U.S., and the care and restraint exercised by their owners, are a tribute to American democracy, for their very existence exemplifies the democratic system: the mutual trust between the citizen and his government...
Last week New York Federal District Judge Dudley B. Bonsai dismissed the charges against ten of the twelve. Among these were Texas Gulf President Claude Stephens, Executive Vice President Charles Fogarty, and Director Thomas S. Lament, a retired vice chairman of Morgan Guaranty Trust. In an 81-page opinion, Judge Bonsai found that the ten had acted without intent to deceive or defraud anyone. Still standing are charges against Texas Gulf Secretary David Crawford and Richard Clayton, a geophysicist who had helped survey the Timmins ore area. When they bought Texas Gulf stock in April 1964, said the judge, they...
...decades. Chief victims of this trend are the blue-chip stocks, eminently reliable but yielding relatively low returns. "Why," asks Atlanta Broker M. E. Ellinger, "should an investor put money in the stock market and get a return from A. T. & T. at 3½% when he can buy Trust Co. of Georgia savings certificates at 5%?" As a result of this attitude, dollar losses among many blue chips have been staggering. G.M., already hit by Ralph Nader and the auto safety hearings, went from a high of 113¾ last October to a 1966 low of 78? last week...
...French trust no foreigners. They use the Federal Reserve Bank of New York only as a shipping clerk. In New York, the American seal is erased from the ingots, and the gold is sent-whether by plane, ship or submarine is a closely guarded secret-to France, where most of it is stored in the Paris vaults of the Bank of France. But there is considerable evidence that many millions of dollars worth of ingots, presumably for supersecurity reasons, are hidden away in heavily guarded caves in the French Alps...