Word: crashing
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Dates: during 1930-1939
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...Pecora was "badgering" Banker Morgan. Pecora's court manner is quiet, almost casual. Just when a witness least expects it, Lawyer Pecora will drop him into a trap. No loud bulldozer, he can be crisply sarcastic. Last week when one witness grew over-obvious about the 1929 stock crash, he cut him short with: "I've heard of that, too." He was recommended to the committee as a prosecutor who would not "play up publicity." But black and blaring were the headlines he created by his practice of eliciting just enough evidence to put the ugliest possible face...
...Until that investigation became a front-page sensation it was conducted in a smaller committee room. *Private banking is but one field of the Senators' investigation, now more than a year old. The full purpose of the inquiry is to get at the roots of the 1929 crash and devise legislation to prevent its recurrence. Under scrutiny are the many fields of commercial and investment banking, stock exchange operations, security salesmanship. Slated next for examination by Lawyer Pecora and the Senators are Kuhn, Loeb; Dillon, Read. Most prominent victim to date is Charles Edwin Mitchell, now on trial...
...upon his retirement last June) into a Chevrolet beer truck near Woodbridge, N. J. His wife, 70, riding in the back seat, sustained a fractured skull and facial cuts from her smashed eyeglasses. Police thought Dr. Hibben must have suffered a stroke or fainted at the wheel before the crash. Born in Peoria. Ill., son of a minister, he was graduated with honors by Princeton in 1882, Princeton Theological Seminary in 1886 (after a year at Berlin University). In 1887 he married Jenny Davidson of Elizabeth, N. J. For four years he had a church in Chambersburg, Pa., then joined...
...clean he turned over mortgages on his three homes. Last week he still owed J. P. Morgan & Co. $5,852,538.38 which the collateral fails to cover by about $1,000,000. Mr. Steuer makes the point that because of an unselfish effort to avert a disastrous crash in City Bank shares his client is a ruined debtor...
...Reserve Governor responsible for the dollar in Havana, he has saved national banks there by rushing them millions in cash by train and plane to stop runs. The worst crash in his own area was that of Caldwell & Co. ("We Bank on the South.") He was one of the first to see and say out loud that the U. S. would never ballyhoo itself out of the depression. In 1930, he tossed aside a speech, prepared for the Investment Bankers Association meeting at New Orleans and drawled out his now famed dictum...