"Frankly, Rome is burning."
The 800 textile men at the annual convention of the American Textile Manufacturers Institute near Miami last week hooted, hollered and stamped their agreement at this ominous warning from Robert Stevens, onetime Secretary of the Army under Eisenhower and now once again president of his family's big J.P. Stevens textile empire. Stevens was discussing the plight of the U.S. textile industry, and his words were directed at Treasury Secretary Douglas Dillon, a beleaguered visitor to the convention. The textile men had hoped that Dillon would show up with at least part of the Kennedy Administration's long-promised...
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