Word: baileys
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Dates: during 1930-1939
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Standing with heads bowed before the King's Bench in London's Old Bailey one day last week, three British financiers received British Justice for their part in last year's unsavory "pepper pool" collapse that rocked London commodity markets and brought losses of millions to British investors (TIME, Feb. 18, 1935). The "Pepper King," an Armenian-born British subject named Garabed Bishirgian, had been accused of issuing a securities prospectus which he "knew to be false in a material particular." Aiding & abetting this crime was the charge against John Henry Charles Ernest Howeson, one time Calcutta...
Among the stars of the new rhythm band team are Buster Bailey, America's ace clarinetist, and John Kirby, Century of Progress prizewinner for his sensational bass playing...
...budget to the Capitol telling Congress all he cared to tell about U. S. finances to the end of fiscal 1937. Last week, while the Senate Finance Committee was considering the Soldiers' Bonus (see above), some of its members, headed by North Carolina's supercilious Josiah William Bailey, decided they ought to hear what Secretary of the Treasury Morgenthau would have to say about the effect of paying the Bonus on U. S. finances...
...Senator Bailey: I would like. Mr. Chairman, very much to gratify the wishes of the Secretary, but public matters are public matters...
Still persisting in his erudite inquiry, Senator Bailey pressed a hypothetical question: "If in the next 17 months the Treasury undertakes to raise $11,000,000,000 by way of selling bonds or short-term notes, and you should fail to sell them . . . what would be the effect on the economic structure of the Government...