Word: accountability
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Dates: during 1920-1929
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...Your account of Swan-Upping on the Thames was most interesting. I was surprised to learn that such intelligent and progressive people still do such apparently silly things, tho, of course, I had heard that the British were, or seemed ta be, quite fond of things ceremonious and ritualistic. However, I won't laugh at them now. First, let British readers suggest some things which U. S. people (I know of no other adequate term for inhabitants of U.S.A., and always hope TIME will coin one) do which seem equally as foolish to the British. Of course Prohibition will...
...which the government was then issuing, which were commonly called "shin-plasters." It still serves a useful purpose in preventing the flooding of the country with quasi currency issued by individuals or corporations, but it has no application to a person who draws an ordinary check on his bank account for a sum of less than one dollar...
...Russell ruling is designed to squeeze "water," estimated at some $500,000,000 out of the capitalization of water power companies now seeking U. S. licenses. Ruled Solicitor Russell: "A reading of the Federal Water Power Act leads to but one conclusion and that is to insert in capital accounts the actual legitimate cost of construction, limited to actual amount of money paid therefor. . . . This automatically dispenses with the proposition that there can be included in these capital accounts lump sum or percentage overheads, for engineering supervision, management, financing, development. Such items cannot and must not be included." One large...
...seems to have cared nothing for this, and to have taken no pains to inform himself about it. As to the Indian people, he seems never to have cared to associate or to become acquainted with any but the lowest. Unless we make these assumptions, it seems impossible to account for the facts that in his writings he gives almost no portrayal of or allusion to anything of real importance in Indian history, culture or life; and that he seems to take pleasure in heaping ridicule upon the educated classes...
...company hit last week was Airvia Transportation Co., which is just getting its wing-hold commercially. U. S. postal inspectors swooped into its Manhattan offices, ordered officers and employes to bring their account books to a Federal grand jury for study. Other inspectors did the same at Coastal Airways office, because of that line's pending merger with Airvia. Still other inspectors visited Hadley & Co., investment security sellers. Federal warrants were issued for the arrest of one Austin Howard Montgomery (alias Arthur Montgomery, alias Monte Griffo, onetime convict) and Gerald Tiffany (alias Harry Taylor). Trans-Atlantic Flyers Roger Quincy...