Word: bankes
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Dates: during 1930-1939
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...never lost a case." still continues his ½? per point limit in contract bridge, in which he has established a well-deserved reputation as a bidder-upper. Paradoxical as it may seem, the New Deal, of which he is the severest critic, is pouring more 59? dollars into his bank account than did the boom years...
Many another test of New Deal legislation is on its way up through the lower courts. A milk dealer in Southern Indiana has challenged the right of AAA to enforce its milk licensing clause. Reason: the company is not engaged in interstate commerce. The Louisville Joint Stock Land Bank has challenged the Frazier-Lemke Act after a farmer owing the bank $7,063 invoked the law in order to save his property from foreclosure. In Tennessee 600 manufacturers of hard wood have got a decision from a Federal Judge that, in selling 40,000,000 feet of lumber to Fisher...
Twenty-four hours later, the Government was at Mr. Mellon's throat once more. The Treasury filed suit against Union Trust itself to recover $218,333 in back taxes from the bank for 1930. plus a 50% penalty. Union Trust was also accused of "wash sales" of stock to its affiliated savings bank to avoid taxes. To those who felt the New Deal was deliberately persecuting old Mr. Mellon for political purposes, it was highly significant that Union Trust should be the first institution of its kind ever to be charged with tax evasion fraud...
...Scotland as a missionary. As if to allay fears of his Leftish theories, his business career was carefully itemized last week in a long White House release. He had been: 1) one of the founders and longtime head of a $50,000,000 group of Utah and Idaho banks "which came through the banking crisis in such splendid condition as to reflect great credit upon his ability as a bank executive"; 2) president of a big construction company which got fat contracts at Boulder Dam and owns a 300,000-acre ranch with "40,000 sheep and 25,000 cattle...
...would be difficult to assemble a more impressive aggregation of wealth than is represented by the men on Pullman's board: J. P. Morgan and his partner George Whitney; Richard K. Mellon and two Mellon lieutenants; George F. Baker and a vice president of his First National Bank; General Motors' Alfred Pritchard Sloan Jr.; Harold S. Vanderbilt, Montgomery Ward's Sewell Lee Avery. President of Pullman is David Anderson Crawford, a husky, popular gentleman of 55 who works hard and plays money-golf in the low 80's. During the winter at Chicago's University Club he plays racquets with...