Word: talbott
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Like many businessmen going into Government service, New York's Harold Elstner Talbott Jr. gave up a good deal to join the Eisenhower Administration as Secretary of the Air Force. He sold his stock holdings (more than $700,000 worth), resigned as director of Chrysler Corp., cut all his business connections except one: half ownership of Mulligan & Co., a small Manhattan firm (15 employees) engaged in clerical-efficiency studies. Last week that side interest had Harold Talbott in trouble...
...Files. Before taking office in 1953, Talbott told the Senate Armed Services Committee about Mulligan & Co. Under an agreement with Partner Paul Mulligan, he explained, "no work was to be done while I am in Washington that had to do with defense work essentially." But recently the Senate's Permanent Investigations Subcommittee heard that, from his Pentagon office, Secretary Talbott was still drumming up business for Mulligan & Co. When questioned...
...Talbott had a quick answer: "Everything I have done is proper and ethical. I did not solicit any business." From the firm's files, however, sub committee staffers picked up correspondence written by and to Secretary Talbott...
...Secretary of the Air Force" stationery, Talbott had written many letters to get business for Mulligan & Co. from firms with defense contracts: Chrysler Corp., Olin Industries Inc., Baldwin-Lima-Hamilton Corp., Avco Manufacturing...
...this spirit, the House of Representatives voted to cut off appropriations for the buildings. Across the Capitol, Indiana's Republican Senator Homer Capehart was waiting in the same mood. After a talk with Air Force Secretary Harold Talbott, Capehart boomed: "He told me nothing was settled-no designs agreed upon. I told him the building should have lots of masonry work. I was fearful it would be made out of steel, aluminum and glass. I come from Indiana, and we have a lot of limestone there. Indiana Limestone Company produces...