Word: firmness
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Dates: during 1960-1969
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...nine present or former Newark city officeholders were charged by a federal grand jury with extortion and income tax violations. The ten officials plus five other men, including a reputed Mafia member named Anthony ("Tony Boy") Boiardo, were indicted for extorting $253,500 from Constrad, Inc., an engineering firm that did business with the city. The charge carries penalties of $10,000 and 20 years in prison. The 15 were also accused of failing to report their payoffs, ranging from $500 to $37,000, to the Internal Revenue Service. As a result, they face additional penalties...
Organized crime secured its first firm beachhead in New Jersey during Prohibition days, when Abner ("Longie") Zwillman used the state as the base for 40% of the nation's bootlegging operations. Aside from Newark and Jersey City, much of the state retained a rural character until the opening of the George Washington Bridge in 1931. New Jersey suited the underworld's needs perfectly. The Hudson River separated its members from the tough law enforcement of New York racketbusters like Fiorello La Guardia, Thomas Dewey and, more recently, Frank Hogan. Neither police forces nor local government had caught...
...Began Underground. The product's prospects were further heightened last month when Tawn Limited, a subsidiary of McKesson Laboratories, the giant drug wholesaler, bought the production and distribution rights. Until then, Cupid's Quiver was produced by Joseph Laboratories in Los Angeles, a tiny, one-product firm formed this year by Hylton Socher, a public relations man, and Harvey Meyerhoff, a graphics designer. They had acquired the product from Michael Intrator, a musician, who had developed it. For a time, he sold Cupid's Quiver through ads in the Los Angeles Free Press and other underground newspapers...
...Sprinkel, senior vice president of Chicago's Harris Trust and Savings Bank. Henry Kaufman, partner in the Manhattan investment firm of Salomon Bros, and Hutzler, expects "a mild but sustained recession." He foresees a 15% to 20% drop in corporate profits...
...filling a year ago to $9 to $10 today. Even aspirins were up, from 89? to 98? per 100 tablets. A mouthwash named Binaca cost 29? when it was introduced by a Swiss company five years ago; it has since been taken over by a U.S. firm-and now sells for 79? in some places...