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...most disappointed men in Detroit last week were rambunctious Senator James Couzens and Father Charles Edward Coughlin, inflation-minded radio-priest of the Shrine of the Little Flower. Judge Keidan had given them several days each to damn the bankers for a pack of thieves. They had been almost the only witnesses who had not blamed the U. S. Government, Senator Couzens or Father Coughlin for the banking fiasco. And they both craved another chance to testify. Senator Couzens claimed he had been "prevented" from offering sensational evidence but declaimed: "While I may be denied a forum...

Author: /time Magazine | Title: Business: Whitewash in Detroit | 10/2/1933 | See Source »

...Father Coughlin, who observed in his testimony that "the U. S. is no Jesus Christ," rumbled irrelevantly: "If the U. S. Government is so craven as to rest its case on this testimony, which was given by more or less prejudiced bankers . . . then I am very much afraid that the people of this nation and of Detroit will begin to classify our Government as an Archangel Capone...

Author: /time Magazine | Title: Business: Whitewash in Detroit | 10/2/1933 | See Source »

...Father Coughlin's bitterest vitriol was reserved for Edward Douglas Stair, former president of Detroit Bankers Co., one of the two holding companies-"Detroit Looters' Co." to Father Coughlin. Also publisher of the Free Press, Mr. Stair directs a running editorial barrage against Father Coughlin. "Insull was a piker to E. D. Stair," yelled the priest of the Shrine of the Little Flower, who in October will resume his Sunday broadcasts over 27 stations, and who plans to expand his "Children's Hour" to seven stations...

Author: /time Magazine | Title: Business & Finance: Coughlin on Detroit et al. | 9/4/1933 | See Source »

...banks . . . were wrecked by the philosophy that money in the hands of the masses was a menace," shouted Detroit's spellbinding radio priest, Father Charles Edward Coughlin, testifying before Judge Harry B. Keidan, the one-man grand jury. "These white-carnation bankers and stockmarket gamblers were not to blame. They had been brought up in the school of Ricardo*; and John Stuart Mill and more latterly, Mr. Herbert Hoover." Father Coughlin was putting on a one-man show for the one-man jury. Much to the delight of a hot pack of Detroiters who squeezed into the courtroom...

Author: /time Magazine | Title: Business & Finance: Coughlin on Detroit et al. | 9/4/1933 | See Source »

...Father Coughlin hurled charge after charge of corruption, deceit and deliberate falsifying of books at the officials of the defunct banks. Furthermore, he fumed, it was doubtful if three of them would escape Federal indictment-Banker-Publisher Stair, former Chairman Wilson W. Mills of First National ("a broken-down lawyer who swapped his profession for the fleshpots of Egypt") and Peter J. Monaghan, a director of Detroit Bankers and its attorney. Special U. S. Assistant Attorney General Pratt, who is also probing the Detroit situation, slyly observed: "Father Coughlin must know more about it than...

Author: /time Magazine | Title: Business & Finance: Coughlin on Detroit et al. | 9/4/1933 | See Source »

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