Word: effect
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Dates: during 1930-1939
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...constitutionality but I say, frankly, I do doubt whether it can receive the approval of the Supreme Court. ... I think the [AAA] decision is an amendment to the Constitution, but that is not new. The Court has amended the Constitution before. In fact, the Supreme Court now, in effect, for all practical purposes is a continuous constitutional convention. The people can change the Congress, but only God can change the Supreme Court. "It is a conceded proposition of law, I think, that an act passed by Congress should not be declared unconstitutional unless it is unconstitutional beyond a reasonable doubt...
...because if would lead Germany to believe that she was being encircled. Such sentiments are truly encouraging when they come from a French Nationalist, and may possibly open the way to a new Eastern Locarno far quicker than a dual pact with Soviet Russia, which would have the double effect of alienating the Little Entente as well as Germany and Poland. If the Left can come to some agreement with the Right on this issue and abandon the policy of "einkreisung" which has been such a point of friction between the two countries, it is quite possible that France, England...
...Sledding. Before the Games started, major bob-sled controversies concerned: 1) the poor condition of the run, which U. S. Driver Hubert Stevens described as "unsound" and 2) the bad effect on it of U. S. runners, which are sharper than those of European bobsleds. Most romantic casualty of the week was Donna Fox, a Bronx undertaker who, after sustaining a bruised ear when his sled tipped over on a curve, ungraciously blamed the accident on the poor construction of the run. Fastest practice runs of the week were made by Hubert Stevens, who won the two-man event...
...International wrote off virtually its entire investment in utilities and dropped the International Hydro-Electric system from its consolidated balance sheet. Just before the Public Utility Act took effect last December, President Graustein legally washed his hands of New England Power Association, delivering voting control to three trustees. International retained its property rights in the trusteed New England shares and holds title to its Canadian power system. Having taken its losses on these investments, it still has the undiminished possibilities of making money on them eventually...
More serious was the effect on International's financial position. At the end of 1931, bank loans amounted to $36,000,000 and Chase National Bank began to have a louder voice in the management. But the conspicuous fact about International is that it did not go into receivership or a 77-6 reorganization during a period when nearly every other big newsprint company in North America did. By the end of 1934, President Graustein had cut bank loans to $15,000,000, though utility profits continued to drop and newsprint was, and still is, selling near its Depression...