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...Vermonters can seldom be taken for granted. In last week's special election, Democrats not only failed to make the major gains they expected in the house; their strength even dropped a fraction to 23%. In the senate, Demo cratic membership fell from 43% to a mere 20%. Massachusetts-born Hoff, who was on a State Department tour of Europe and Asia for all but the last week of the campaign, called it a "horrendous defeat." Penny-wise Vermonters had plainly responded to G.O.P. National Committeewoman Consuelo Bailey's charge: "This Governor's been spending...
...that they have climbed high, the newly rich are sensitive about the "millionaire" title and seldom brag about it. But they respect the power of money, like what it can buy. Great wealth seems to produce a security and mobility that usually enables the rich to grow richer. By putting $1,000,000 into municipal bonds, an investor can get an annual income of $35,000 tax free. Most of today's newly rich entrepreneurs use their money in a more venturesome way, but few of them live on as grand a scale as the ostentatious millionaires...
More than Just Money. The motivation of the millionaire is seldom purely materialism. To him, the accumulation of a million is usually just a milestone on the road to a greater goal. Charles Bluhdorn seeks "the joy of putting something together and seeing it grow." Says Arthur Carlsberg: "Accumulating money is a hobby, a game, a drive. I enjoy it." Perhaps the best explanation comes from Manhattan's Robert K. Lifton, 37, head of the widely .diversified Transcontinental Investing Corp., who has earned $4,750,000 through real estate and other ventures. Says he: "This is our form...
...unencouraging aspect of the came was the shuffile offense which Harvard employed. The Crimson seldom scored by patiently setting up a play. This team likes to shoot, and most of Harvard's points came when somebody stopped in a shot from outside. And the shuffile offense frequently left the Crimson's "big men," Scott and Williams, out of position to compete for rebounds...
...retired themselves sympathize with that policy. Says Joseph B. Hall, former chairman of Kroger Co., the Cincinnati-based grocery chain: "I'm in favor of a retiring officer clearing out completely. The new chief executive should get every break." General Motors' John Gordon, 65, has seldom been seen at G.M. since he left the presidency in June. Ralph Cordiner, 65, retreated to the serenity of his Florida cattle ranch two years ago upon retirement as chairman of General Electric, emerged only briefly last year to head Barry Goldwater's fund raising...