Word: cautionings
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...only boy from a slum who got rich in the rackets: in his day the U.S. had become as much a land of opportunity for the graduate of Dannemora as for the graduate of Dartmouth. But Frank Costello had the brains, luck and jungle caution to stay rich-rich, alive and free as air-while Al Capone went raving to his grave, while bullets cut down Dutch Schultz and Dion O'Banion, while Lepke Buchalter burned in the electric chair, while Lucky Luciano went off to exile and a hundred minor hoodlums rotted in prison...
Professor Sumner H. Slichter of Harvard, a man who approaches his subject with scholarly caution, raised his sights from the present, and tried to see what the U.S. would be like 30 years from now. His report was bottomed on sober statistics and hedged by careful qualifications -but it all added up to a bright vision. The good things in store for the U.S. in 1980, Professor Slichter wrote in the November Atlantic Monthly, will make the prosperity of the 1940s seem pale and austere...
With idealistic caution the U. S. can let it die to preserve an expensive and unsatisfactory status quo. With considerable risk and some dishonesty the U. S. can uphold its existence and the vitality of its doctrine. Of the two, economic aid and backing in the U.N. offer the best hope for a workable future...
...Veep's Prerogative. Democrats had their answers ready. The peril-point procedure, they said, would induce caution verging on stagnation in the Tariff Commission; how could anybody safely predict a peril point for years in the future? It was also an open invitation to every industry to bring terrific political pressures to bear on its behalf. "With the peril-point amendment," argued Majority Leader Scott Lucas, "we abandon our position as the economic leader in world affairs . . . We cannot say to the rest of the world: 'From now on the primary factor in our tariff system is protection...
Vainly, Speaker Sam Rayburn got down on the floor himself to plead for "the whole loaf, not half a loaf." Such economizing, Rayburn cried, was just another sample of the "same caution, the same hesitation, the same wait-awhile" of prewar isolationism. "There's more talk around here about Communism, but it's a funny thing that when we start to do something about it those speaking the loudest against Communism are found wanting...