Word: costelloism
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Dates: during 1940-1949
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Everybody knows somebody who knows something about Frank Costello. At least, that is the way TIME Reporter James A. Bell felt during his long investigation of the gambler and underworld figure who is the subject of this week's cover story. Bell's-and TIME'S-job was to try to separate the facts from the Costello legend and get behind the hitherto published material on Costello...
...Bell had his first look at some of Costello's operations (slot machines and Louisiana's Beverly Country Club) while working on TIME'S cover story on New Orleans' Mayor "Chep" Morrison in November, 1947. Some months ago, when he began working on the Costello cover in earnest, Bell first went to the law enforcement agencies in Washington and New York. Then, armed with what the law knew about Costello, he set out on his own in the gambler's backyard: New York City. At first it was very frustrating. Costello sources did not want...
Gradually, however, Bell got to know his way around and people started to talk. One afternoon he was talking to Costello's attorney in his office when Costello, who had been out of town, walked in. After the introduction the gambler said: "What's this TIME? It's the one with the red border...
Bell assured him it was. They talked for and hour and a half, then and there, and Bell saw Costello for several hours on two other occasions. Costello was friendly and talkative and expounded his own viewpoint about himself at length...
Died. Michael Joseph Kennedy, 52, veteran Tammany wheelhorse; in an airplane crash; in Washington (see NATIONAL AFFAIRS). A onetime Democratic Representative from New York (1938-42), Kennedy became Tammany sachem in 1942, was ousted two years later after bigtime Gambler Frank Costello admitted that he had used money and influence to swing Kennedy's appointment...