Monday, Jul. 13, 1959
THE greatest continuing story of our day is the struggle between Communism and the Western forces of freedom and justice. Sometimes it flares into easily reportable crisis, sometimes it flickers into seemingly monotonous detail. Last week it took a new turn. Into the U.S. flew a man named Frol Kozlov, little known to the world. He is the Soviet Union's First Deputy Premier, the man who runs the internal affairs of the U.S.S.R. when Khrushchev is away, a key man in the cold war. Not long after he began his remarkable visit, TIME decided that he should be the subject of this week's cover. From that hour on, Frol Kozlov was subjected to the heaviest dose of reporting he had ever known.
From the Washington bureau, White House Correspondent Charles Mohr followed President Eisenhower on his trip to Manhattan to welcome Kozlov; Correspondent Mark Sullivan tracked the Russian steadily through public and private functions in Washington; Anne Chamberlin flew to California in the Kozlov plane, persuaded him to answer the first personal biographical questions he had ever answered. The Kozlov story--a narrative of his travels and a portrait of his personality--was written by Jesse Birnbaum and edited by Louis Banks. It is preceded in NATIONAL AFFAIRS by a story that puts his visit and all the current visits by Americans to Russia into their cold-war perspective.
AFTER TIME did a cover story six weeks ago on Massachusetts Investors Trust's Dwight Robinson, the result was, says Robinson, "an avalanche!" Into M.I.T.'s Boston headquarters poured letters from every U.S. state, as well as Bolivia, India, Spain, Kenya, Mozambique--65 countries in all. Last week the avalanche was still rumbling.
Wrote one Connecticut farm couple: "We are enclosing a $50 check to invest for us in hopes to gain in future years."
M.I.T. returned the check, referred the letter to its sales organization. An Englishman wrote that he was selling his home and coming to the U.S. to invest his money in mutual-fund shares and to get a job selling them. The president of an insurance company in New Delhi asked if he could come to study M.I.T.'s operations because "I feel that even in an underdeveloped economy there would be room for an institution of this type." One North Carolina man went to Boston, called on Robinson, said he owned $270,000 worth of stock in a Southern paper company, asked if he should sell and invest in M.I.T. shares. Robinson & Co. cautiously made no sales pitch, but advised the man to sell his stock. Next day the stock plunged five points.
M.I.T. also received many reports from all over the U.S. that investors were crowding brokerage houses (often carrying TIME) to inquire about buying into mutual funds. One of the most heart-warming reactions came in a letter from a Missouri librarian: "Somehow the story in TIME made me glad I am an American and live in a country where I can write a letter to a busy executive and be certain that he cares about the trust of little people.
That's what the article told me."
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