Word: cottoned
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Dates: during 1950-1959
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Lebandale Mills. New Hampshire's Republican Senator Norris Cotton has a 10% interest in this mill in Lebanon, N.H., controlled by Goldfine. Cotton's law firm, from which he still draws an annual salary, has represented both Lebandale and Lebanon Woolen Co., another Goldfine mill, for many years. In Lebanon, Cotton lives in a Goldfine-owned house at 4 Abbot Street, pays $75-a-month rent...
Last week Bernard Goldfine swore that Cotton had not represented him as a lawyer since going to Congress in 1947. Yet, in at least one instance, Norris Cotton still does represent Goldfine. The instance is that of the Rogers Hotel in Lebanon. Goldfine is the real owner of the Rogers. In 1943, Cotton negotiated the purchase of the hotel as a front for Client Goldfine, oversaw the title search and made the option payment from his personal bank account. Goldfine repaid Cotton for the option, but it was still necessary for Cotton to take final title to the hotel...
...when Goldfine's East Boston Co. got in trouble with the Securities and Exchange Commission, Senator Cotton called the SEC's general counsel into the office of New Hampshire Senator Styles Bridges to put in a good word for Goldfine. Also present: Goldfine's old and great friend, Maine's Republican Senator Fred Payne. Payne has admitted receiving vicuna coats and hotel hospitality from Bernard Goldfine. And last week to a TIME reporter he confirmed a rumor that had received considerable currency around Washington: in 1952, Goldfine had advanced Payne $3,500 of the $5.000 needed...
...Hong Kong, Chinese Communist raincoats sold last week for 40% less than in Canton. The Japanese admitted that Chinese underselling had "destroyed" Japan's newsprint and grey cotton sheetings exports throughout Southeast Asia, now threatened to undermine Japan's markets in soybean oil, cement, structural steel, window glass. In Jakarta, Indonesians were snapping up Chinese yarn at $390 a bale, $25 cheaper than Japan's yarn. In Thailand, Japanese cotton piece goods had been virtually driven from the market by Chinese prices, which were as much as 15% lower. Other Red bestsellers: bicycles, sewing machines and scented...
...1860s, he had the money, shelled out as much as $241,000 at a session to get the legislation he and his associates wanted. Eventually, the Swepson-Littlefield interests floated their own bonds for railroad lines they never built. They snapped up land at distress sales, bought state-owned cotton at 33?. which they quickly sold on the open market at 47?. Littlefield branched out into Florida and became president of the Jacksonville, Pensacola & Mobile Railroad...