THE ADMINISTRATION: O.K., S.A.

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The time passed swiftly as the two old friends and classmates sat in a Concord, N.H. hotel, swapping reminiscences about the old days at Dartmouth. In the three years since their graduation, class of '20, Richard Pearson had worked as a textbook salesman, saw ahead of him a promising career in book publishing. Slim young Sherman Adams was already a successful lumberman. Preparing at last to leave, Salesman Pearson grinned and said he guessed they must have talked about nearly everything. Adams agreed. Then he added matter-of-factly: "I got married...

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