Word: bulls
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Dates: during 1960-1969
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CLEMENT FURMAN HAYNSWORTH JR. is the scion of four generations of South Carolina lawyers. His great-great-grandfather, Richard Haynsworth, began his law practice in Sumter in 1813, after the family moved from Virginia. His great-grandfather, also a lawyer in Sumter, died serving in the Confederate army at Bull Run. In the 1880s, his grandfather founded the family law firm in Greenville that Haynsworth left in 1957 when President Dwight Eisenhower appointed him to the Fourth Circuit Court of Appeals...
Prosperity reached almost embarrassing proportions for Wall Street during the bull markets of the past couple of years. As stock prices climbed and trading volume rose to unprecedented heights, brokerage commissions swelled to $5 billion a year, and six-figure in comes became commonplace among customers' men. Now the securities busi ness is mired in a painful recession. Caught between sharply rising costs and a sluggish volume of trading in the ner vous market, brokerage houses have closed scores of branch offices, laid off hundreds of workers and rushed into mergers to fight a flood...
...behind all these gigantic dimensions lies an immeasurable mystery. Why, for instance, does a Moby Dick attack a ship? Perhaps because the bull whale sees it as a "ship-animal," a sexual rival for his cows, Dr. Scheffer speculates. Yet he is not too sure...
...State University Investment Analysis Center, estimates that the value of his own stocks has dropped 23% since May-a period during which the Dow-Jones industrial average has gone down 15%. He invests largely in over-the-counter stocks, which rose faster than most listed shares during the bull market but dropped more sharply during the current slide. A young stock salesman for a San Francisco brokerage house is so discouraged by his own losses that he says, "I don't think I'll ever buy any stock again...
...rebellion begins at Heckletooth Mountain's Logging Unit Three, when Lee Replogle, a 46-year-old Forest Service worker, sees a big bull elk about to gore his pet hound and shoots him in a reflex of instant anger. Elk are out of season, and Replogle has been a dutiful Government employee. But he sees himself as "a punk" and a sucker who has never got anything from a society filled with takers. Near by, the first flames of the fire flicker. Suddenly, he feels a compulsion to prove his manhood by defying the law and packing...