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...wife and an illegitimate son, who piously reported the poignant fact that in the 40 years before his death in 1806, at the age of 79, George Stubbs never had a drink of anything but water. Aside from that, little is known about him-except that at his peak he could command a higher price for the portrait of a horse than Sir Joshua Reynolds charged for an earl. There was good reason for his success: his landscapes could be as elegantly dead as any man's, but when he painted animals, every muscle flared with life, and every...

Author: /time Magazine | Title: Art: Noble Corral | 4/25/1960 | See Source »

...whose wife is Althea O'Hanlon, assistant vice president of Capital and a close friend of Murchison's, charged that Murchison (no kin to the wealthy Texas Murchisons), armed with inside information, sold two-thirds of his shareholdings around the time when Capital stock was at a peak ($41.50) four years ago, later bought back his stock at substantially lower prices, quadrupling his former shareholdings. His law firm has been paid $588,500 in legal fees by Capital in the past six years...

Author: /time Magazine | Title: AVIATION: Crisis at Capital | 4/25/1960 | See Source »

Finger on the Problem. Raytheon's stock, which had reached a peak of 73⅞ the month Geneen quit, last week was down to 43⅛. Raytheon's 1959 earnings did not keep pace with the company's gains in 1957 and 1958, and its first-quarter 1960 earnings, announced last week as 56? a share, were also below forecasts. Despite a Government-guaranteed loan of $75 million, Raytheon has needed more and more money. Last week the company announced a $100 million bank-financed loan with which it hopes to retire its $75 million loan...

Author: /time Magazine | Title: MANAGEMENT: A Painful Lesson | 4/25/1960 | See Source »

...peak of his incredible career in the 19205, Brinkley owned three yachts (one of which was 150 feet long and shipped a pipe organ), the most powerful radio station on earth, quantities of snazzy real estate, diamonds large enough to be used for fish-line sinkers, and any number of imaginatively colored limousines. In 1930 he decided, a couple of months before Election Day, to run for the governorship of Kansas (he promised a lake in each county), and his write-in campaign might well have succeeded had not the Republican and Democratic ballot counters joined hands against...

Author: /time Magazine | Title: Books: Goats & Sheep | 4/25/1960 | See Source »

Though there are firm orders (twelve units) for the Thor Delta, the production peak has been passed. The last Thor was delivered last month. ¶ The Air Force's Skybolt, an air-launched ballistic missile, may eventually be a big program (some estimates put it well over $500 million), but it is still in the early development stages and is by no means large enough to fill the hole left by Thor...

Author: /time Magazine | Title: AVIATION: Douglas' Dilemma | 4/18/1960 | See Source »

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