Word: tankerous
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Dates: during 1950-1959
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Senators enjoy barking at witnesses much as mastiffs enjoy barking at treed cats. But when Mrs. Olga Konow of Forest Hills, N.Y. took the stand in the Senate's tanker investigation last week, the committee fell instantly into a state of trancelike gallantry. Improbable as it seemed, Mrs. Konow had arranged for the enormously profitable sale of three surplus tankers to United Tanker Corp.-a Chinese firm with a phony U.S. front, which subsequently delivered oil to the Chinese Reds. The Senators loved...
...married to a wealthy, Norwegian-born shipping man named Magnus Konow. In 1947, out of sheer vivacity and a desire to prove that she was not just a "sweet child," she had bought two ships herself and had, in her own words, become the world's only lady tanker operator...
...from seeming apologetic about the tanker deal with the Chinese, Olga said simply: "I was very fortunate, because in the tanker business it is usually good to have a buyer. Tankers you always have." She had discovered that United Tanker Corp. wanted ships, that former Massachusetts Congressman Joe Casey & Co. had three ships and that he was having trouble financing them. Olga brought both sides together. Had she investigated the people with whom she was dealing...
...Crimson Creed? Some of Morris' fellow Republicans in Washington, hardly delighted at his taking the Truman appointment, were doing their best to make him trouble. Almost as soon as he got to Washington, Newbold was linked with the Chinese tanker deal. His law firm had got $100,000 in fees for advising onetime Congressman Joseph Casey of Massachusetts and the group which originally bought the surplus tankers from the Government. Furthermore, Newbold himself headed the China International Foundation, a philanthropic organization which held the stock of United Tanker Corp. (see above), which, in turn, delivered oil to Communist China...
Meanwhile the President has taken excellent advantage of these proceedings by propelling his Revenue Department reorganization through Congress. Republicans looked up from their tanker investigation just soon enough to begin protesting, but not quickly enough to salvage what might have been a fine campaign issue...