Word: custodians
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With Aniline in good hands, Custodian Crowley seized two other alien properties last week, and also appointed a new deputy custodian. The deputy: James Markham, a tall, grey-haired lawyer from Lowell, Mass., who has been a Crowley crony since he went to be Solicitor for Crowley's FDIC in 1933. The seizures...
Fortnight ago he read that the President had appointed Leo Crowley Alien Property Custodian, and filed again...
...still didn't know the half of it: 1) War, 2) Justice, 3) Treasury, 4) the Federal Reserve Bank, 5) the Alien Property Custodian could all have told him that the Patent Office could have granted him the use of the patent at once. All he needed was a little letter from the War Department stating that his project was necessary to the conduct...
...Alien Property Custodian is a job for a lion. In World War I, the administration of some $500,000,000 worth of foreign holdings in the U.S. became a muddled mess, spoiled several reputations, took 24 years and many courts to clean up. In World War II, more than ten times as much enemy property in the U.S. is involved ($7,000,000,000). Last week the vast job fell to dignified Leo Thomas Crowley...
This time the stake is 14 times as large. Not only is the Custodian an enormous dispenser of patronage, with real-money corporate jobs in his control, but he can sell the corporations, some of them very juicy. Plenty of businessmen have already besieged the Treasury with bids for seized or suspect stock. But last week Henry Morgenthau enunciated a new policy: alien properties are not for sale, will be retained and controlled by the Government. "If there's no honey, there will be no flies," said he sagely-adding that, after this war, the President could count these...