Word: fulbrighters
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Dates: during 1950-1959
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...wired the Committee chairman, Senator William J. Fulbright (D-Ark.) immediately after the program, NBC's "American Forum," stating that he would appear to testify further. He had already asked the Committee for an opportunity to expand his remarks on the stock market...
When Democratic Senator J. William Fulbright casually told a reporter last January that the Senate Banking and Currency Committee might look into the booming stock market, he got a rude jolt. As the news hit the wires, stock prices were falling. Hurriedly, the Senator, scared by the political effect of a market break, called in the press. What he had in mind, said Fulbright, was no punitive probe like the 1932-34 Pecora investigation (when a circus pressagent popped a midget on J. P. Morgan's knee). Instead, Fulbright was planning "a friendly study...
Indiana's Republican Senator Homer Capehart decided to get in a few political licks: Did Funston agree? Funston neatly dodged the question. Said he: "I would agree it shows confidence in the future, but what the exact reason is, I don't know." Fulbright wanted to know if the exchange's campaign to get more investors in the market was not "inflationary" in that it contributed to the shortage of stocks. The object, said Funston, was not to persuade people to buy but "to create a climate where our members can sell stocks." To the "two miracles...
Though a number of brokers felt Galbraith's remarks caused the decline, Committee Chairman William J. Fulbright, Senator from Arkansas, said the drop "has no connection whatever with the study being made by this committee...
...Poggioli's teaching activities since then have not been limited to Harvard. Last year he won a Fulbright Scholarships and took a leave of absence to lecture at his alma mater in Florence. Just to keep busy, he also made a lecture junket throughout Italy under the auspices of the U.S. Information Office, and in his spare time he translated the Igor Tale, an old Russian epic, into Italian...