Word: bernard
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Dates: during 1950-1959
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From two days of testimony before the House Special Subcommittee on Legislative Oversight last week emerged the two faces of Bernard Goldfine. The first face, carefully shaped by lawyers and flacks (see box next page), was that of a humble, eager-to-please immigrant who had come to wealth and awakened astonished one day to find his name "in the newspapers all over America because of gifts and hospitality to a friend of almost 20 years." The second Goldfine told more about how he had become a millionaire in Massachusetts' tough, no-quarter textile and real estate world; that...
...industrial future of New England. On cue, during the reading he removed a gold wristwatch. passed it to the committee-"providing I get it back.'' Said he: "The watch I am wearing now. on the back of it is written 'to B.G.'-that means Bernard Goldfine-'from S.A.'-that's Governor Sherman Adams-dated Jan. 20. 1953. and we all know that date. That is the inauguration date President Eisenhower was inaugurated...
...brief three or four days after Presidential Assistant Sherman Adams' dealings with Boston Operator Bernard Goldfine were first brought to light, President Eisenhower had a chance to accept or demand Adams' resignation and preserve the "hound's tooth" moral standards of his Administration. But he decided to keep New Hampshire-Man Adams principally for reasons of convenience: "I need him" (TIME, June 30). By this week the cost of convenience had risen prohibitively high...
...accepting Adams' explanations, the President, whether he liked it or not, automatically went bail for Adams' faith in Textile and Real Estate Millionaire Goldfine, Adams' friend and benefactor. That done, the Administration was stuck with whatever Goldfine might really turn out to be. What Bernard Goldfine turned out to be in his testimony last week before the House Special Subcommittee on Legislative Oversight (see Investigations) was a cheap and devious character-a fast man with a buck, whether to manipulate the financial fortunes of his numerous mills and real estate holdings or to distribute gifts to public...
...Having Bernard Goldfine hung around its political neck was not all the Administration paid for convenience. The ethical standards applied to Sherman Adams now had to be applied to lesser Government employees. Last week's hearings revealed that two secretaries, one of them a secretary to Adams who worked within 75 feet of the President's desk, had received Goldfine checks, ranging from $35 to $75. They could hardly be fired, indeed, they could hardly be reprimanded-least of all by their staff chief, Sherman Adams, by whom Goldfine had done better. The Administration was on a hook...