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...question had come up while Committee Counsel Adrian DeWind was ferreting through the financial records of Henry ("The Dutchman") Grunewald, the mysterious, too-sick-to-testify Washington influence man who keeps popping up in stories of tax influence peddling (TIME, Dec. 17 et seq.). In Grunewald's records, Counsel DeWind had found a $10,000 deposit and five other deposits totaling $16,500, identified by the symbol "Br." Grunewald's tax consultant explained that "Br" was Owen Brewster...
...flurry of feathers and screeching again issued from the gilded cage of Hollywood's scrappiest lovebirds, Franchot Tone, 47, and Barbara Payton, 25 (TIME, Sept. 24 et seq.). The latest rift, according to Manhattan Gossipist Cholly Knickerbocker, began innocently enough. Barbara, apparently in a pet, ripped a telephone from the wall of their West Side hotel suite and swung it at Franchot, whose ducking has improved since last September when he brawled and was flattened by Barbara's robust friend, Cinemactor Tom Neal. At week's end, Franchot, still in Manhattan, and Barbara, back in Hollywood, both...
...Winter Park, Fla. last week, the year-long feud between Dr. Paul A. Wagner and Rollins College (TIME, March 19, 1951 et seq.) came to an official end. Ex-President Wagner, who was fired as the climax of a quarrel that started with his dismissal of 23 professors for "economy" reasons, announced that he had settled his $100,000 libel suit against the college for $50,000, and had withdrawn his $500,000 damage suit against eleven trustees. After both sides agreed to say nothing more, Wagner fired a Parthian shot: "[I was] a scapegoat . . . I carried out the instructions...
...below. "Holy cats!" he said. "This is the damnedest case I've ever seen." The "damnedest case" is the Government's suit against 17 investment banking firms, charged with monopolizing the sale of $42.5 billion in security issues from 1935 to 1949 (TIME, Dec. n, 1950 et seq...
When Government lawyers opened their antitrust suit against 17 investment bankers in Manhattan 16 months ago (TIME, Dec. 11, 1950 et seq.), Federal Judge Harold R. Medina asked that they lead him along "like a child" through the complexities of investment banking. Since then, Medina has often complained that he was being led through nothing but fog. But last week his hopes went up again. On the stand as a prosecution witness was Chicago's Harold L. Stuart, president of Halsey, Stuart & Co., which floated the biggest dollar total of new issues last year...