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...millionaire in Massachusetts' tough, no-quarter textile and real estate world; that face was angry, the voice hard, the attitude belligerent, the answers evasive. And at week's end it was hard to say which Bernard Goldfine had most hurt his greatest friend, White House Staff Chief Sherman Adams...

Author: /time Magazine | Title: INVESTIGATIONS: Bernard Goldfine's Two Faces | 7/14/1958 | See Source »

...Spoke proudly of his long friendship with Sherman Adams, who shared his faith in the industrial future of New England. On cue, during the reading he removed a gold wristwatch. passed it to the committee-"providing I get it back.'' Said he: "The watch I am wearing now. on the back of it is written 'to B.G.'-that means Bernard Goldfine-'from S.A.'-that's Governor Sherman Adams-dated Jan. 20. 1953. and we all know that date. That is the inauguration date President Eisenhower was inaugurated...

Author: /time Magazine | Title: INVESTIGATIONS: Bernard Goldfine's Two Faces | 7/14/1958 | See Source »

...expression of my nature." Another expression of Goldfine's nature came later when he tried to beat the House subcommittee to the punch by admitting to reporters that his gifts, including hotel expenses of more than $2,000, a vicuña coat and an Oriental rug to Sherman Adams, had been listed as tax deductible by Goldfine companies-i.e., legally valid if some "ordinary and necessary" benefit or advantage flowed to Goldfine businesses from the expenditure...

Author: /time Magazine | Title: INVESTIGATIONS: Bernard Goldfine's Two Faces | 7/14/1958 | See Source »

...Admitted that Sherman Adams had arranged an appointment for him to talk over his woolen-mill difficulties with the chairman of the Federal Trade Commission, but denied that Adams had exercised any influence "with these giant federal agencies where a little man gets lost without some kind of guidance from a friend...

Author: /time Magazine | Title: INVESTIGATIONS: Bernard Goldfine's Two Faces | 7/14/1958 | See Source »

...Recalled telling Adams in late 1955 or early 1956 that his real estate holding company, the East Boston Co., was "really being picked on" by the Securities and Exchange Commission, but denied that SEC pressure lessened as a result. Goldfine denied flatly and specifically that Sherman Adams had ever got him favorable treatment from Government agencies: "Mr. Chairman, I think you know Governor Adams is not that kind of man. And neither...

Author: /time Magazine | Title: INVESTIGATIONS: Bernard Goldfine's Two Faces | 7/14/1958 | See Source »

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