Word: campaigns
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Dates: during 1950-1959
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Heavy Shillelagh. In his campaign against Dever, Herter showed a hard streak that surprised many of his friends. He called Dever a "British-type socialist" (an extra-heavy shillelagh among Boston Irish), belabored his administration as the "most powerful, wasteful, callous, boss-ridden outfit that ever shamed this state." In the 1952 Eisenhower landslide, Herter squeaked into office. Ike's margin in Massachusetts: 208,000; Herter...
...over the years, as in his bareknuckle campaign against Paul Dever, Herter has shown that, when he needs it, he has a streak of stern resolution beneath the gentle surface. In politics he was, a Massachusetts Democratic politico admiringly recalls, "a real Yankee trader who'd give you an apple for an orchard and make you think you got a good deal." Adds another Bay Streeter, who has known Herter for decades: "There are some people who would say he's too nice a guy for the job. It's not true. Believe...
...recent survey by the exchange showed that 25% of those interviewed were interested in the market v. 9% a year ago. Nevertheless, many Wall Streeters felt that the warnings were being overdone. Said A. Charles Schwartz, senior partner of Bache & Co.: "It is stupid, after years of a publicity campaign to get more people to buy stocks, to come out now and blow the whistle...
...sense, Wall Street is now paying for the success of its campaign to recruit small stockholders. Once a stockholder has an account, the high-priced blue chips that he first bought may seem pretty stodgy beside the greater gains possible in more speculative companies. He knows that top growth companies such as Polaroid and Texas Instruments, which have increased several hundred percent in a few years, were once considered risky. Says Stock Exchange President G. Keith Funston: "We have no objection to people buying into small and little-known companies-provided they know what they are doing...
...ploys and counterploys of the campaign involve some fairly melodramatic goings-on, including an illegitimate childbirth in the street, a scene full of authentic Faulknerian gore. Author Stone is expert at suggesting the blend of revival-meeting urgency, circus gaiety, and kith-and-kin intimacy that flavors rural Southern politics. But the serpentine twists and turns of logic in his novel would tax Laocoön on a good wrestling day. There is a baffling subplot about a priggish schoolteacher and his nymphomaniac wife, who farms out her favors on a faded billiard table. Though the teacher is unnerved...