Word: trusts
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Dates: during 1970-1979
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...FAMILY TRUST by Ward Just Atlantic-Little, Brown 346 pages...
...reportage and fiction, Ward Just has kept keen watch on the combat of war and politics. Here he extends his reach, trying for a Great American Novel of the heartland. The ingredients of A Family Trust are the stuff of saga. Amos, patriarch of the Rising clan, ascends with his newspaper, the Intelligencer, to the position of flame keeper for his insular Midwest town. His son tries to hold a fort that expands into shopping centers and tract houses. The grandchildren mislay the faith while inheriting the wealth that comes as an ironic dividend of cheapening values...
...author succeeds in conveying a sense of loss without bathos. But his characters are familiar archetypes, and the family's newspaper gives off no scent of soul or sweat; too often the novel suggests the aroma of mothballs. The theme of A Family Trust demands a major treatment; it receives only a compelling outline. As a novelist, Ward Just is still promising rather than delivering...
...result could be global currency chaos seem uncomfortably close to coming true. Scarcely a week goes by without the once mighty greenback reeling from a fresh thrashing on the money markets; and when it does steady, as it did in Europe last week (see ECONOMY & BUSINESS), no one can trust the stability to last. Though the effects of this beating remain of only peripheral concern to most Americans-unless they travel abroad-the dollar's travails are deeply alarming the U.S.'s allies and trading partners...
...Nothing has worked. Now the Amalgamated Clothing and Textile Workers Union is trying a new pressure tactic: isolating Stevens from its friends in the business and financial community. Last week it won a victory of sorts by forcing two Stevens representatives off the board of directors of Manufacturers Hanover Trust, the giant New York City bank...