Word: symingtons
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Dates: during 1960-1969
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...strong-and bitterly opposing-views. Missouri's Senator Stuart Symington is a millionaire businessman (Emerson Electric) turned liberal Democratic politician. Ohio's George Magoffin Humphrey is a millionaire businessman who served from 1953 to 1957 as Dwight Eisenhower's rock-solid conservative Treasury Secretary. Last week Symington and Humphrey faced each other at a Senate Armed Services Subcommittee hearing-and the result was an explosion of wrath and recrimination...
...Under Symington's chairmanship, the subcommittee for months had been investigating the Government's stockpiling program under the Eisenhower Administration. Symington has enthusiastically built up charges that Cleveland's giant M. A. Hanna Co. made unconscionable profits out of a stockpiling deal. George Humphrey was Hanna's board chairman before entering the Eisenhower Cabinet; he held onto his thick portfolio of Hanna stock while in public office, and he returned to the company as honorary chairman upon leaving Washington...
...Small Potatoes." It was to defend himself and his company against the charges of profiteering that George Humphrey last week appeared before Symington's subcommittee. Bland and imperturbable, he was just the sort of witness to enrage emotional Stuart Symington. With a confident smile, Humphrey dismissed the charges of exorbitant profits as "bunk" and "baloney." Right to their faces, Humphrey told South Carolina's Senator Strom Thurmond that he was "confused" and California's Clair Engle that he was "mixed up." To a big company like Hanna (total assets: $450 million), he said, the smelter deal...
...news conference, Democrat Symington indicated he had far bigger game in sight. He said he might quiz Eisenhower's Treasury Secretary George Humphrey about limited-risk contracts that the Truman Administration signed, just four days before it went out of office, with Hanna Nickel Smelting Co. Humphrey headed the nickel company's parent firm, M.A. Hanna Co., before he joined the Government, and he retained his Hanna stock while Treasury Secretary. All of these facts had been disclosed long ago, but Symington said he wanted to know if Humphrey's companies made unjustified profits...
...Symington's partisan play infuriated Dwight Eisenhower, who just happened to be in Washington lunching with Republican Congressmen. He said his Administration had played no favorites in administering the stockpile program, a program which, he emphasized, "operated under laws that existed long before I got there." As for George Humphrey, Ike remained a fervent admirer. Said he: "If Secretary Humphrey ever did a dishonest thing in his life, I'm ready to mount the cross and you can put the nails and spear...