Word: pennings
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Alger Hiss, 55, released in 1954 after a 44-month stretch in a federal pen for perjury, is interested in a job more in keeping with his not inconsiderable abilities. In the past two years he worked his way up to a $20,000-a-year salary as administrative assistant to R. Andrew Smith, a ladies' comb manufacturer. Hiss disclosed last week that he has quit, but kept mum on his new venture. Ex-Employer Smith had qualified praise for him: "An indispensable man," but not quite "a dedicated businessman." Observed Smith vaguely: "Mr. Hiss ought to work...
Option Play. In Indianapolis, Delta Tau Delta fraternity brothers at Butler University welcomed one Ray Lincolnholl, highly recommended football prospect, as an overnight guest, next day found Lincolnholl missing, and so were a wristwatch, ring, sweater, leather belt, shaving kit, fountain pen, electric shaver and typewriter...
...Calif., snow-topped Fleet Admiral Chester W. Nimitz, soon to be 75, leafed through some historic papers dating from the days when he commanded the U.S. Pacific Fleet in World War II. But he made it clear that he was just browsing and not afflicted by any passion to pen his memoirs, as so many of his comrades-in-arms have done. Such books, said he, brim with "many critical remarks and self-praise at the expense of others. Any memoirs I wrote could not add historically to what has been written...
More in anger than in wisdom, Chairman Rosser Reeves, 49, of Ted Bates & Co., took pen in hand and wrote one of the most remarkable ads in recent years. Splashed full page in seven major newspapers last week at a cost of $23,574, it was Reeves's rebuttal to Federal Trade Commission charges that his agency had deceived TV viewers by shaving phony sandpaper in commercials for Colgate-Palmolive's Rapid Shave and by doctoring Standard Brands' Blue Bonnet Margarine with liquid drops that were billed as "flavor gems" (TIME, Jan. 25). Reeves...
Notorious Manipulators. What made the whole story incredible was the fact that many of the participants had previous SEC records in stock deals, which should have alerted SEC officials not to accept the stock registration in the first place. Oreclone's prospectus disclosed that two old SEC pen pals were closely related to the company: Sydney Newman, who was to get royalties on all ore concentrate sold by Oreclone, and Robert Rodman, father of the president and of the secretary-treasurer of the company. Both jointly submitted to SEC injunctions in another stock violation case, and both were described...