Word: defunction
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...Lawyer John William Davis uprose to outline to a jury the defense of one of the most complex cases the onetime presidential nominee had ever handled. He began by setting out eight paper cups and a tumbler of water on a table. While he described the involved dealings of defunct Bank of United States, he poured the water from tumbler to cup, from cup to cup and finally from cup to tumbler. "When it is all over," smiled elderly, benign Mr. Davis, ''you see that not a drop is spilled in the transaction, not even a dollar gained...
...jewelry trade is the present want of buyers. Insurance firms report increases in jewelry insurance during the last few months, but trace them to people taking their jewels out of vaults and wearing them; not to new jewelry buying, despite a 40% increase in diamond imports. Distress stocks of defunct jewelry firms still hang unsold over the market and even the desire for possession of tangible goods as a hedge against Inflation has not led to any appreciable buying of jewels-possibly due partly to fear that if the South African diamond syndicate operating under that dominion's Precious...
England's swiftest, swankest sports car used to be the Bentley, defunct since 1931. This year Rolls-Royce Ltd. have revived the Bentley as a name with even greater prestige among sportsmen than their own. Last week the King-Emperor's youngest son, Prince George, opened London's 27th annual Motor Show, lingered longest at the Bentley booth. Soon Rolls-Royce announced that their whole 1934 output of Bentleys had been sold "largely to private owners." despite the fact that the cheapest Bentley is priced...
Last week the following was news: Nicholas Roberts, former head of the defunct bosdhouse of S. W. Straus & Co. ("44 Years Without a Loss to Any Investor") was unceremoniously arrested in Manhattan last August on a charge of grand larceny brought by two Straus bondholders, the Misses Anna & Katherine Kuhlmann (TIME, Sept. 11). Last week Nick Roberts, whose annual barn party for Yale footballers in Montclair, N. J. was a nationally famed event, was completely exonerated. After a short trial the judge ruled that there "was not a scintilla of evidence" to support the charges...
...Export company in 1920 for $65,000. His friends now include Egyptian royalty, from whose stables he has acquired fine Arabian horseflesh (see cut). An older, even more valuable friend, with whom for years he has played poker, is Thomas Ventry O'Connor, longtime chairman of the now defunct U. S. Shipping Board, with whom he did all of his government business. Last week Shipman Herbermann appeared before the Senate committee with a physician who kept taking his pulse at intervals...