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Then, ironically, two Washington Senators urging Lance's removal actually delayed any decision to resign. Democrat Abraham Ribicoff, chairman of the Senate Governmental Affairs Committee, which in January had unanimously confirmed Lance as OMB Director, and the ranking Republican, Charles Percy, visited Carter on Labor Day. They told waiting reporters, who had been tipped off about the visit by senatorial aides, that they had learned of "new allegations of illegality" against Lance. The Senators confirmed that the committee staff had interviewed convicted embezzler Billy Lee Cambell, who had claimed vaguely (and apparently never under oath) that Lance was "part...

Author: /time Magazine | Title: The Nation: Behind the Painful Decision to Quit | 10/3/1977 | See Source »

...Ribicoff committee was not letting up on Lance. It released an affidavit from Michael Patriarca, a low-level attorney on the staff of the Comptroller of the Currency, which belatedly contradicted assertions by Lance that he lad never asked anyone in the Comptroller's office to lift sanctions against the Calhoun bank so his record would be cleaner as he faced confirmation hearings. Patriarca claimed that last Nov. 22 Lance had asked Donald Tarleton, the Atlanta regional director for the Comptroller, to do just that. (Tarleton had also denied any such overture by Lance.) Clearly, the assault on Lance...

Author: /time Magazine | Title: The Nation: Behind the Painful Decision to Quit | 10/3/1977 | See Source »

...McCarthy in the late 1940s and early 1950s, Eagleton charged that "here in 1977 we have a newer technique-guilt by accumulation-every day someone will hurl a charge at Mr. Lance and a little bit more mud gets on the character and reputation of Mr. Lance." He criticized Ribicoff and Percy for spreading the vague claim that Lance had been accused of new illegalities-but never revealing what they were. In a closed session of the committee, the two leaders briefed the other Senators on what they had found and, said Eagleton, he heard only rehashes of what...

Author: /time Magazine | Title: The Nation: Lance Comes Out Swinging | 9/26/1977 | See Source »

...overdrafts by Lance, his wife and other relatives. Moreover, Lance noted, newspaper stories about a federal investigation into possible campaign-law violations by him had appeared before his confirmation; in fact, he had been asked about this at his initial hearing. He found it "somewhat puzzling" that Percy and Ribicoff later claimed they had not known about such matters...

Author: /time Magazine | Title: The Nation: Lance Comes Out Swinging | 9/26/1977 | See Source »

...satisfied with Lance's explanation that he had repaid the bank. Roth compared this reasoning to the rationale "of a person who goes through a red light and says nobody was hurt so my going through was all right." Lance could not satisfactorily explain to Ribicoff why he had written a letter to federal bank examiners in 1973 saying his overdraft problem would be corrected and why he had failed to heed the criticism of bank examiners who found that the overdraft situation was "abusive" and "the age and size of the overdrafts is appalling." Instead, the collective overdrafts...

Author: /time Magazine | Title: The Nation: Lance Comes Out Swinging | 9/26/1977 | See Source »

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