Word: foundered
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Dates: during 1970-1979
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Died. Samuel R. Bronfman, 80, founder and president of Distillers Corporation-Seagrams Limited; in Montreal. Bronfman laid the foundations of his financial empire 54 years ago when he started a mail-order whisky business. Branching out into distilling during Prohibition, Bronfman went on to create the world's largest distillery. At 80, Bronfman still remained the astute chieftain and patriarchal head of a family-dominated firm. "I've set it up better than the Rothschilds," he once said. "They spread the children. I've kept them together...
...looking to enjoy himself more than Joseph Colombo Sr., 48, the league's burly founder, unofficial leader and chief promoter. The head of one of New York's five Mafia families of organized crime, Colombo had discovered a double life through the league. Started casually, in one year it grew into a genuine vehicle of expression for thousands of Americans of Italian descent who had nothing to do with the Mafia or crime. Harnessing their honest sentiments, Colombo had helped Italian Americans to achieve new pride?and managed to do a few things for the narrower cause as well, like...
...have signed up for one or another of Franklin's collections, which are struck in high-proof quality and limited in number to the list of those who subscribe-and pay-in advance. After that number is made, the die is destroyed, creating what the mint's founder, former Adman Joseph M. Segel, calls "instant rarity...
...memorabilia and produces medals for groups that use them as a fund-raising device. The White House Historical Association, for example, has offered members a series depicting U.S. First Ladies, and the U.S. Olympic Committee sold one celebrating sports events including the 1972 Olympics in Munich. Franklin's founder is still slightly mystified at the collector instinct that his operation has uncapped. Says he: "Some retired people wait for the new medal each month and call the neighbors in to see it. Some businessmen get an issue and put it away without a second glance. Many people collect because...
...this same school can be found considerable work by Robert Bly, 44, a Harvardman, pacifist and founder of a poetry periodical devoted to new verse and progressively called The Fifties, The Sixties, The Seventies. Ely's The Teeth-Mother Naked At Last is a long, savage, sometimes murky lament against the horrors of the Viet...