Word: chandlerisms
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Dates: during 1930-1939
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...dean of an impromptu law school in Washington to explain to graduate lawyers a major change in corporate bankruptcy laws which goes into effect this week. This first general revision in corporate bankruptcy laws in 40 years was passed by Congress last June. Named for its introducer, Representative Walter Chandler of Memphis, the Chandler Act is actually the baby of the SEC, whose Chairman William O. Douglas was made a commissioner in recognition of a three-year study of corporate bankruptcies. One of Bill Douglas' assistants then was Samuel O. Clark Jr., a Yale lawyer of the type Douglas...
Chapter X of the Chandler Act smooths out many of the flaws in famed Section 776 of the Bankruptcy Act. Two principal changes are that 1) a court, in corporate reorganizations involving liabilities of $250,000 or more, must appoint an independent and disinterested trustee; 2) a court may call upon SEC for advice in any corporate reorganizations, must do so if liabilities are over $3,000,000. The commission is thus given the duty of serving as the advocate of investors and of giving courts the benefit of impartial expert opinion. These advisory reports will also be sent...
...Kentucky, where Negroes used to be traded by Republican bosses but stayed out of the Democratic primary, Senator ''Dear Alben" Barkley and Governor "Happy" Chandler bid for the Negro vote this year. Dear Alben more successfully. Happy called old Negroes "Uncle" but Dear Alben had a stranglehold on the WPA rolls...
Despite 75-year-old Publisher William Randolph Hearst, 74-year-old Los Angeles Times Publisher Harry Chandler is the pet antipathy of West Coast liberals. Yet last week, Los Angelenos who wanted to support their own concept of a free press found themselves also supporting rock-ribbed old Harry Chandler...
...arguments having been exhausted at the demurrer hearings, the trial last week was a mere formality. The Times-Mirror Co., Publisher Chandler and Managing Editor L. D. Hotchkiss were found guilty of contempt, fined a total of $1,050. Attorney Cosgrove, preparing an appeal, warned: "If the decision. . . is sustained, freedom of the press as it is known and as it has been practiced by the journals of the nation is gone forever...