National Affairs: Easy Work

How can anyone make $57,000 by one telephone call? Last week the Senate's permanent investigating committee called in an ex-vegetable huckster named Frank Nathan and asked him point blank. There's nothing to it, said Nathan, nothing to it at all.

One day back in 1948, while thumbing through a War Assets Administration brochure, he noticed that a Government aluminum plant in California was for sale. He called a Brooklyn junk dealer named Joe Labowitz and told him the news. Labowitz, in the words of another witness, "shoehorned in" on a syndicate which was about to buy the plant, and got 20% of...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!