Word: mcgowans
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While the big cameras and spotlights followed the victor, the defeated candidate was quietly moving into the background. Last week, accompanied by Campaign Manager Wilson Wyatt and Administrative Assistant Carl McGowan and their wives, Adlai Stevenson left Springfield in a private plane and flew off to Tucson, Ariz. Stevenson's old friend Dick Jenkins, a rancher, greeted them at the airport; within a few minutes the party was driving south through the desert to Jenkins' La Osa ranch on the Mexican border...
...officials" who received the money were eight names, all of men close to Stevenson. His $1,500-a-year publicity man, William I. Flanagan, assigned to build the governor into national prominence, had received almost half of the fund: $7,900. Others on the list: Legal Counsel Carl McGowan, $3,000; Insurance Director Day and Welfare Director Hoehler, $2,000 each; ex-Finance Director Mitchell and State Police Superintendent Thomas J. O'Donnell, $1,000 each; Administrative Assistant Lawrence Irvin, $750; Justice Schaefer...
Since they regarded the money as personal gifts, six of the eight paid no income taxes on the amounts. Those who paid: O'Donne.l and McGowan. Lawyer Mc-Gowan said this week that his payment was not to be regarded "as a legal opinion" that the others owed a tax on their gifts. The point is a ticklish one, since Stevenson first explained the payments as additional compensation for services to the state. If the money is for services, it is taxable; if it is a gift, it is not taxable...
Imperial Chemical Industries, Ltd. occupies the same position in the British chemical market as Du Pont does in the U.S. But while Du Pont advocates free competition, Lord McGowan, who headed I.C.I, for years, made no bones about his liking for cartels. "Unrestricted competition," he once said, brings "eventual chaos." But in 1944, the Justice Department decided that Lord McGowan and Du Pont had gone too far in restricting competition. It filed an antitrust action against the two (plus Du Pont's subsidiary, Remington Arms), charging that they had conspired to restrain trade by splitting up markets...
...both Du Pont and I.C.I. abandoned most of the agreements which had caused the Justice Department to file suit. Du Pont, for example, opened foreign branches to compete in I.C.I.'s markets; for his part, 77-year-old Lord McGowan got I.C.I, into Du Font's U.S. market by buying a Rhode Island chemical company (TIME, March 13, 1950) before he retired. Nevertheless, the case went to trial...