Word: marylands
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...enfranchising blacks has been reached. Says South Carolina's Strom Thurmond, chairman of the Senate Judiciary Committee: "After 17 years, the states ought to be given a chance to get out from under the act." Responds Senator Edward Kennedy, who along with Republican Senator Charles Mathias of Maryland and Democratic Congressman Peter Rodino of New Jersey is proposing a ten-year extension of the law: "The most successful civil rights law in history is in danger of falling victim to its own success...
...Spiro Agnew, as Governor of Maryland, did take kickbacks from contractors-and some of the money was paid to him in his Vice President's office at the White House. Now he must repay the state $248,735, representing kickbacks of $147,500 plus $101,235 interest computed at 6% a year. So ruled Bruce Williams, a Maryland state judge, after a one-week civil trial that in effect replaced the criminal trial Agnew escaped when he resigned as Vice President in October...
...that time, Agnew pleaded no contest to a charge of income tax evasion and paid a $10,000 fine; federal prosecutors in return dropped all other potential criminal charges against him. Ever since, Agnew has loudly maintained his innocence. But in 1976, three Maryland taxpayers filed an unusual suit, contending that the alleged kickbacks properly belonged to the state. The state joined the taxpayers as a party to the proceedings and eventually took over the case...
Agnew will appeal the verdict. Even if he loses, he will not suffer too much financially. Should he have to repay the $248,735 to Maryland, Agnew, who now lives in Palm Springs, Calif., presumably could claim the full amount as a federal tax deduction against the high income he is said to earn putting together international investment deals. On that, as on all other matters involving the case, Agnew had no comment. As he might have put it in the alliterative rhetoric of his vice-presidential years, he sustained a stonewalling stance of sullen silence...
Weill's new partner Robinson has already described his bold vision of the future of finance. Said he recently: "By the end of the decade, a typical consumer may have a stockbroker in California, a banker in New York, an insurance agent in Maryland and a real estate agent jetting back and forth from Chicago to Boston. All of that will be on his American Express card, of course...