Before the Watergate scandal broke open, nearly every morning a precisely attired man walked into Coco's, a restaurant in the rich resort town of Newport Beach, Calif. Sitting down at the same corner table, he picked up the morning newspaper and began sipping his coffee. After a polite pause, he was approached by local businessmen and politicians, who, one by one, stated their business, received their reply, and moved on so the next man could have a chance. The ritual sometimes took as long as 2½ hours.
All appearances to the contrary, however, Herbert W. Kalmbach in those halcyon days was neither...