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...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...

Author: /time Magazine | Title: WALL STREET: When the Market Is High | 3/14/1955 | See Source »

...small that his predecessors would have been humiliated to stoop to it. Forming a coalition with Republicans, he ousted Red-lining Vito Marcantonio from his congressional seat. But De Sapio also took another step -and fell flat on his face. In the 1950 mayoralty race, De Sapio backed Ferdinand Pecora, a born loser, against Vincent Impellitteri, who won easily. Tammany's impotence was measured by the fact that it could not even beat Impy, an insurgent organization man with no machine...

Author: /time Magazine | Title: POLITICAL NOTES: The Bookkeeper | 12/27/1954 | See Source »

...noisiest and dirtiest campaigns in decades, New York City elected the first independent mayor* in the history of its five boroughs: beaming, Sicilian-born Acting Mayor Vincent R. Impellitteri, 50. His margin was almost a quarter of a million votes. Tammany Hall's hand-picked Judge Ferdinand Pecora was second, Republican Edward Corsi third...

Author: /time Magazine | Title: National Affairs: Lone Wolf | 11/13/1950 | See Source »

During a fortnight of mudslinging, Pecora did his best to turn Democrats against Impy as 1) a turncoat who was simply in the race to split the vote for the G.O.P., and 2) a "cowardly" pretender with no talent for administration. When Impy said that he had spurned Tammany's offer of a $28,000 judgeship to stay out of the race, Pecora's backers lamely cried that just the opposite was true: that Impy had demanded four judgeships, one for himself and three for his friends...

Author: /time Magazine | Title: National Affairs: Wallerin' Bee | 11/6/1950 | See Source »

...week he had the wit to jail hundreds of astoundingly puny hoodlums on the ground that they imperiled the sanctity of the polls. He announced that he had been forced to "take off the gloves." Tammany, he cried, was controlled, lock, stock & barrel, by Big Gambler Frank Costello, and Pecora was nothing but Costello's mouthpiece...

Author: /time Magazine | Title: National Affairs: Wallerin' Bee | 11/6/1950 | See Source »

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