INVESTIGATIONS: Four-Percenter

Warren L. Stephenson, a manufacturers' agent in Washington, chewed cigars around Republican headquarters during last year's campaign, and in due time got himself appointed executive secretary of the Eisenhower Inaugural Committee. With that slight prominence, Stephenson began acting the part of a man of influence with the Administration.

Among those impressed by his claim to influence was Stanley L. Bishop, a smalltime tipster whose ambition was "to be associated with a big man . . . like Mr. Stephenson." To Bishop, who has made a career out of eavesdropping around Government coffee bars ("For two cups of coffee you will...

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