Word: smith
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Dates: during 1950-1959
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Binoculars & a Bus. These quotes, startling from an executive of Chicago's tight-lipped underworld, made lively front-page reading in the Chicago Tribune last week. They could have been reaped only by the Trib's Sandy Smith, who knows the mob's pecking order better than most hoods, and far better than any other police reporter in town...
Ever since 1952, when the Trib assigned him to a series on Chicago-area gambling, Smith has relentlessly followed the mob. With a fellow Trib reporter, he crouched for days in a car near Chicago's taxicab union headquarters, discovered-by the simple reportorial expedient of training binoculars on the visitors, and now and then riding a city bus past the building for a close-in gander-that it was crawling with thugs, hoods and hired guns. Their nine-part expose mercilessly pinned Joey Glimco as the leader of this unsavory band, nominated Glimco for repeated uncommunicative appearances before...
Like a Picnic. Smith also specializes in covering the mob's social functions as an uninvited and unanimously undesirable guest. In 1956 he borrowed a room in a neighboring house to survey a gala Fourth of July garden party flung by No. 1 Mobster Tony Accardo. Stung by all the publicity, Accardo subsequently shifted the party to the home of his chauffeur...
...going to the mob's weddings, wakes and funerals, Smith says. "I get a good idea of who's in the mob and whom they're dealing with, and what's new." Other reporters, possibly in envy, suggest that this kind of intimate coverage can only goad gangland into throwing something more substantial than Joey Glimco's cud. But big (6 ft., 210 Ibs.), confident Sandy Smith has built no barricade around his Woodstock home, where he lives with his wife and four children. "If you cover the mob," he says, "you expect...
...stockholders it has signed up and the kind of stocks they buy. The exchange increased its advertising budget 25% for a campaign to warn stockholders against tips and rumors, advised: "Hold your money tight when anyone gives you 'the inside dope.' " Merrill Lynch, Pierce, Fenner & Smith, the U.S.'s biggest brokerage house, began to run ads in 210 newspapers entitled "Danger! Inside Tip Ahead." (It was the same ad Merrill Lynch used in February 1947, when the Dow-Jones industrials were at 180 v. 605 currently.) The Securities and Exchange Commission also got into...