Paul V. Coates – Confidential File, March 4, 1960
March 4, 2010 | 2:00 pm
Yes, the Mirror ran photos of the entire jury in the Finch case.
Mash Notes and Comment
(Press Release) " 'Some people have said I'm stingy,' says J. Paul Getty, who at 67 is probably the richest private citizen in the world. 'But I'm not. I'm willing to pay the going rate for anything, but why should I pay more because I have more?'
"Getty, as the current issue of Look magazine points out, has sometimes been accused of trying to pay less rather than more.
"He once waited outside a dog show until the lower 'late admission' price went into effect.
"On another occasion he waited until the orchestra stopped playing before entering a restaurant to take advantage of the reduced over charge.
"Five unsuccessful marriages haven't completely soured multi-millionaire Getty on the noble institution. Asked whether he would ever marry again, he said:
" 'I am a ship on the rocks as far as marriage is concerned -- a pretty poor prospect. But I don't say I'll never marry again. How can one tell when one is going to fall in love?' " (signed) Look magazine.
--One is in love, sport, when one throws caution to the wind and takes one's lady to the dog show before the late prices go into effect.
(Press Release) "HOW TO MAKE A MILLION!
"How to become a millionaire is always a paramount interest to everyone. Theoretically, it can be done according to the Law of Progressions.
"For example: An investment of $2,000 at 10% compound interest multiplies itself by two every seven years and by four every 14 years. It multiplies itself by 10 every 24 years. So, $2,000 invested when you are 20 will become $20,000 by the time you are 44 and $200,000 by the time you are 68. To bring this about, it is necessary only to invest the interest.
"A more interesting progression is that if you invest $200 a year plus the interest compounded at 10%, it will multiply itself by 50 every 20 years. Thus, on the first year you have $200, on the second, $420, on the third, $642, and on the 20th you have $10,000.
"Thus, if you rather invest $8 per year at 10% compound interest plus the interest, when you are 20 you have $400, when you are 40 you have $20,000 and when you are 60 you have $1,000,000.
"A still more interesting one is that, if you invest $400 per year starting when you are 20, plus the interest, when you are 60 you have $1,000,000.
"Unfortunately, there is a catch . . . " (signed) Tracers, 257 S Spring St., L.A.
--The catch is, if you're not careful, you can blow the whole wad at the dog show.
(Press Release) "Deborah Wormley, 10 years old, of Los Angeles, has written a 'letter to the editors' which is featured in the March issue of Jack & Jill magazine.
"It was chosen from many hundreds of letters sent in by children from all over the world.
"Deborah, who lives at 12203 S Main St., will receive a copy of the 'Jack and Jill Round the Year Book,' a children's anthology containing some of the best stories and verse that have appeared in Jack & Jill during the last 20 years.
"Deborah's story tells about having her tonsils out." (signed) Jack & Jill magazine, Philadelphia.