Word: creditors
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...hard reactionary Justice, but famed Liberal Louis Dembitz Brandeis read the opinion. Prime point: in depriving a creditor of his just property the Act clearly violated the Constitution's "due process of law" clause. Brushing aside social considerations, Justice Brandeis declared...
...possible in Louisiana whose laws are based on the Code Napoleon. She admits owing Shevlin $60 for parts of his car which she bribed a mechanic to trans fer to hers. Palpably she, a debtor, was attempting to leave the state. According to the law, that situation gives the creditor "custody of the body...
...railroads will have to be reorganized before the Depression can be called over. At least a half-dozen more big railroad failures are freely predicted. No one knows how wisely that mileage will be reorganized. But one thing is certain: Jesse Jones, as the railroads' biggest single creditor, will have his say at the council tables. And Jesse Jones is a stern realist when it comes to money long lost forever...
...Chancellor of the Exchequer Neville Chamberlain that, despite the boasted British Treasury surplus, His Majesty's Government chose to welsh on their War-debt payment due the U. S. last week.* Snorted Liberal David Lloyd George: "I should have thought it was not altogether wise to boast to your creditor how much better off you are than he when you have not paid his bill...
...fifth of all U. S. railroad mileage is in the hands of the courts, and nearly one-third of that stricken mileage is accounted for by Missouri Pacific Railroad, biggest province in the Van Sweringen empire. Missouri Pacific is also RFC's largest creditor, owing that Government agency $23,000,000. RF Chairman Jesse Jones lately had Oris Paxton Van Sweringen, elder and wiser of Cleveland's bachelor brothers of railroading, on the carpet in his Washington office, trying to find out when their great Western carrier would be reorganized. Last week's meeting at the Down...