Word: fiascos
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Once the arrests were made and the arsenals confiscated, the Minutemen's founder Robert Bolivar DePugh, 42, who runs the national headquarters in tiny (pop.: 965) Norborne, Mo., disclaimed any involvement with the New York fiasco. "If they were members of the Minutemen, they were working independently," he said, adding that the affair might really have been "a counterplot, .perhaps Government-inspired" to discredit his organization. He added: "I have urged our people not to own weapons." In fact, DePugh and two other men were scheduled to go on trial this week in Kansas City, Mo., on charges...
...Will. After the Yemen fiasco, Phillips took refuge in Oman in 1952 and became a good friend of Sultan Said bin Taimur. He went into the oil business one day when the Sultan, after complaining that he had not found oil like other Middle Eastern rulers, said to Phillips, "And by the will of God we shall have oil, for I am granting you the oil concession for Dhofar." Dhofar, an area the size of Ohio, has not yet produced any oil. But it made Phillips a millionaire, because he divided his 21% interest in the concession into...
...firm never really recovered. While some of the old partners spent 20 years or more honorably paying off their debts from the Kreuger fiasco, the reorganized firm could never rustle up enough cash for the computers and research staffs to compete with such giants as Merrill Lynch, Pierce, Fenner & Smith-or, on a somewhat smaller scale, Hayden, Stone. Says Hayden, Stone Chairman Alfred J. Coyle, they "couldn't make the costly effort we make in research-the only way a firm can supply the services customers want...
...Gauche, immature, graceless, unable to assimilate its squalling minorities, New York is a sad choice for host city to foreign guests. The Feisal fiasco [July 1] should make it clear that this brash, mannerless city is the last place to demonstrate the U.S. at its best...
What spurs on preservationists is that the project is controlled by an Architect of the Capitol who is not an architect. They recall that J. George Stewart, 76, an engineer and onetime Congressman, was responsible for the multimillion-dollar fiasco of the Rayburn House Office Building across the street south of the Capitol. Stewart's critics were also furious when he used marble in the east front extension...