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HARDLY any Administration is free of scandal. Harry Truman had T. Lamar Caudle and assorted "five-percenters." Dwight Eisenhower had Sherman Adams and his vicuna coat. Lyndon Johnson had Bobby Baker-and Abe Fortas. To a cynical public, the recurrent surfacing of peculators and huggermuggers suggests that almost everyone in Washington is on the take. The truth is more reassuring, though bad enough. The capital does tolerate unsavory practices that could and should be stopped...

Author: /time Magazine | Title: Essay: INFLUENCE PEDDLING IN WASHINGTON | 5/16/1969 | See Source »

...Truman's military aide. Though no evidence of a direct payoff was uncovered, Vaughan did receive a freezer from one of Hunt's clients, and the Democratic Party was the recipient of numerous gifts. A few years later, Boston Industrialist Bernard Goldfine gave a vicuna coat to Sherman Adams, Eisenhower's chief White House aide, who intervened for Goldfine with two regulatory agencies. Again, there was no evidence of a payoff, but Adams was forced to resign. Lobbyist Julius Klein had such a grip on Senator Thomas Dodd that he was able to write him bullying instructions...

Author: /time Magazine | Title: Essay: INFLUENCE PEDDLING IN WASHINGTON | 5/16/1969 | See Source »

Like General Sherman, most U.S. investors are convinced that war is something less than heaven. Last week, ignoring the normally bearish portents of monetary upheavals abroad and higher interest rates at home, Wall Street's customers seized on rumors of brightened peace prospects in Viet Nam to continue the stock market's best rally in more than a year. The Dow Jones industrial average rose four points to close at a year's high of 961.61. All told, the 38-point rise since late April was the Dow's best performance since 13 months ago-when...

Author: /time Magazine | Title: The Economy: What Peace Might Bring | 5/16/1969 | See Source »

Married. Major General Yakubu Gowon, 34, Nigerian chief of state; and Victoria Zakari, a 22-year-old nurse; in an Anglican ceremony in Lagos. As a wedding offering for the bride and groom, Gowon's generals, recalling Sherman's Christmas present of Atlanta to President Lincoln, promised to capture Umuahia, the last major Bi-afran-held town...

Author: /time Magazine | Title: Milestones: Apr. 25, 1969 | 4/25/1969 | See Source »

...students asked the lecturer, assistant professor of Economics, George Eads, why he wasn't talking about more relevant subjects. At the time, Eads was talking about section one of the Sherman Anti-Trust Act and its relation to the Socony Oil case...

Author: NO WRITER ATTRIBUTED | Title: Eads Stops Students From Calling Policemen to Evict Two Disrupters | 4/18/1969 | See Source »

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