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...Government would insure investors against losses by guaranteeing to purchase securities at parity-the 1962 highs. The certificates will be stored in Billie Sol Estes' cotton warehouses. Called STOC-CARE, the scheme will be a part of the social security program and cost only $15 a year...

Author: /time Magazine | Title: Letters: Jun. 15, 1962 | 6/15/1962 | See Source »

...emergency stockpiling. Missouri Democrat Stuart Symington, the subcommittee chairman, expansively told a news conference that his three months of hearings had disclosed that "the taxpayers stand to lose over $1 billion as a result of these stockpile operations-far greater than any I have seen in the Billie Sol Estes case...

Author: /time Magazine | Title: Nation: Stockpile Spat | 6/8/1962 | See Source »

...calling him a Communist. Some Connally supporters did, in fact, place an ad that posed this choice: "Connally Go Ahead Versus C.I.O. Red." Neither did Connally's backers discourage the notion that Don Yarborough is kin to Democratic Senator Ralph Yarborough, who has been linked to Billie Sol Estes. (Don and Ralph are not related...

Author: /time Magazine | Title: Politics: Not So Simple | 6/8/1962 | See Source »

Dust & Dirt. By presidential taste, the Republican Tribune rarely makes pleasant reading these days. While other papers, as if anxious to give Kennedy the benefit of all possible doubt, waited for the dust in Pecos to settle a bit before jumping onto the Billie Sol Estes story, the Trib not only stirred dust but dished dirt. Eight days before the New York Times, for example, saw fit to move the developments in Pecos onto Page One, the Trib's frontpage headlines screamed: TEXAS SCANDAL REACHES...

Author: /time Magazine | Title: The Press: The Paper Everyone's Talking About | 6/8/1962 | See Source »

...from a little girl in Washington whose three-year-old friend Caroline told her there was no New York Herald Tribune, Buchwald wrote a jolly "Yes, Virginia" reply sprinkled with needles: "Not believe in the Herald Tribune? It's like saying you don't believe in Billie Sol Estes or Pecos, Texas...

Author: /time Magazine | Title: The Press: The Paper Everyone's Talking About | 6/8/1962 | See Source »

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