Word: gulf
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Dates: during 1960-1969
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...However, the Republican dawks could not convincingly square their criticism of U.S. war policy with their insistence that they still support the war. Moreover, in blaming Johnson for U.S. involvement, they glossed over commitments made by his predecessors, including President Eisenhower, and pointedly neglected to mention Congress' 1964 Gulf of Tonkin resolution, in which Republicans and Democrats alike backed L.B.J. in whatever actions he deemed necessary...
Founded 13 years ago, Encounter nurtured C. P. Snow's Two Cultures attack on the gulf between the arts and science; it introduced Nancy Mitford's delineation of what is U and non-U, and it published H. R. Trevor-Roper's celebrated massacre of Arnold Toynbee and his theory of history. Encounter also ran Katherine Anne Porter's contention that Lady Chatterley's Lover is a dull, dirty book after all, and it offered the first English translation of the pseudonymous Soviet critic Abram Tertz. Last week with its September issue, the magazine...
Last year the U.S. Securities and Exchange Commission accused twelve directors, executives and employees of the Texas Gulf Sulphur Co. of using "insiders' " information to their own profit. According to the SEC, the twelve knew about the company's rich new mineral strike near Timmins, Ont., and started buying up stocks before a public announcement was made. Going to court, the SEC demanded among other things that the twelve be required to divest themselves of the Texas Gulf stock, plus any profits that they had picked up as insiders...
Last week New York Federal District Judge Dudley B. Bonsai dismissed the charges against ten of the twelve. Among these were Texas Gulf President Claude Stephens, Executive Vice President Charles Fogarty, and Director Thomas S. Lament, a retired vice chairman of Morgan Guaranty Trust. In an 81-page opinion, Judge Bonsai found that the ten had acted without intent to deceive or defraud anyone. Still standing are charges against Texas Gulf Secretary David Crawford and Richard Clayton, a geophysicist who had helped survey the Timmins ore area. When they bought Texas Gulf stock in April 1964, said the judge, they...
Lamont was a director of Texas Gulf Sulphur, and all the other defendants were either directors, officers, or employers of the company. The thirteenth man, Thomas P. O'Nell, the company's former accountant, did not file an answer to the suit and was not mentioned in Judge Bonsal's decision...