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...consultant claimed a deduction on the expenses of operating his yacht, explained that he ran up a pennant with the number 1040 on it every time his yacht reached port, thereby advertising the fact he was open for income tax business. (IRS disagreed...

Author: /time Magazine | Title: Taxes: Enter Balance Due Here | 2/1/1963 | See Source »

Less Than Yacht Fare. Although no detective testified to any sort of misbehavior by Muriel, Reynolds sued her for divorce, charging "prior cruelty," which Muriel hotly denied. She presented an affectionate letter from Reynolds to prove that he had not felt himself very cruelly treated. The suit was first heard in Mclntosh County, Ga., which includes Sapelo Island. Reynolds' spending habits make for one of Mclntosh's biggest industries, and Muriel did not do well before county jurors. They awarded Reynolds, who did not appear in court, his divorce, and allowed Muriel only $1,042 a month...

Author: /time Magazine | Title: Georgia: The Marriage-Go-Round | 1/25/1963 | See Source »

This was hardly yacht fare, and Muriel appealed. The Georgia Supreme Court voided the trial, citing 39 errors, and ordered it held again in Mclntosh County. This time Reynolds showed up, wheezing into an oxygen machine. Even more sympathetic, the jury gave Reynolds his divorce again, with no permanent alimony for Muriel...

Author: /time Magazine | Title: Georgia: The Marriage-Go-Round | 1/25/1963 | See Source »

...from the lowliest stinkpot to the "queen" of the show-a 45-ft. 5½-in. cruiser by the Century Boat Co., packed with spacious, gracious air-conditioned living for $61,670. Royalty is relative-this queen would be a mere lady in waiting to the great custom-built yachts of the world. And even at the Coliseum she was queen by a bare 3 in.; the Greenwich Yacht Co. offered one 45 ft. 2½ in. long for only $45,465, and there were four other cruisers 40 ft. or longer...

Author: /time Magazine | Title: Recreation: Down to the Sea | 1/18/1963 | See Source »

...convenience, even in the sailboats, the last stronghold of the hornyhanded old salt. Most fetching was a 35-ft. sloop-rigged motor sailer made by that master of motorboats, Chris-Craft. With 563 sq. ft. of sail on a beamy (11 ft.) Fiberglas hull, Chris-Craft's "sail yacht" is powered by a hefty 60-h.p. engine that gives it a cruising speed of six or seven knots. In cabins finished in maple paneling, it sleeps six comfortably (two in a bridal suite aft of the cockpit) and sports two heads, one with a shower. Price: $24,495. This...

Author: /time Magazine | Title: Recreation: Down to the Sea | 1/18/1963 | See Source »

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