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...Murphy was an $8,500-a-year assistant U.S. attorney, and an unknown. Throughout most of the trial his conduct had been pedestrian and plodding. Now, in his summation, he surprised everyone. He marshaled his facts impressively. He matched sarcasm with Stryker, and outdid him. When he was through, the issue was no longer Hiss's word against Chambers'; it was Hiss's word against an impressive structure of evidence...

Author: /time Magazine | Title: THE JUDICIARY: Weeds, Roses & Jam | 7/18/1949 | See Source »

Five months ago he got a chance to strike back at Ward, who had piloted the company through the lushest days of its World War II boom. Ward had decided to retire (the board had voted him a $25,000-a-year pension for life). Sherman Fairchild (who still owned 95,000 shares) formed a committee to defeat the pension. Ward was alarmed and withdrew his plan. Fairchild went ahead with his committee. Its new purpose: to oust Ward...

Author: /time Magazine | Title: CORPORATIONS: Winner Take All | 7/18/1949 | See Source »

...DiMaggio's friends were worried about him. For days in a row, he shut himself up in his midtown Manhattan hotel and brooded. He watched ballgames by television; the semimonthly installments on his $90,000-a-year salary seemed to increase his gloom. Waiting for his sore heel to heal had made easygoing, hard-playing Joe DiMaggio a different...

Author: /time Magazine | Title: Sport: Comeback | 7/11/1949 | See Source »

Died. James Monroe Smith, 60, onetime $18,000-a-year president of Louisiana State University, whose resignation in 1939 disclosed widespread corruption and graft in the Huey P. Long political machine; after a heart attack; in Angola, La. Plucked from obscurity by Huey ("[I'm] the Chief Thief for L.S.U.") Long to head his pet college, Smith helped his mentor (and Huey's political heir, ex-Gov. Richard Webster Leche) spend some $13,500,000 "improving" the university. was indicted on 40 counts, served six years (plus ten months for mail fraud). He ended in obscurity as director...

Author: /time Magazine | Title: Milestones, Jun. 6, 1949 | 6/6/1949 | See Source »

Died. W. (for William) A. (for Alexander) Julian, 78, $10,330-a-year Treasurer of the United States, custodian of some $251 billion, whose signature appears on all U.S. folding money issued since he was appointed in 1933; in an automobile accident; in Bethesda...

Author: /time Magazine | Title: Milestones, Jun. 6, 1949 | 6/6/1949 | See Source »

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