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Inquisitor Seabury's staff introduced scores of witnesses to show that, among many other things, District Attorney Grain had been glaringly lax in prosecuting racketeers at the Fulton Fish Market (where Alfred Emanuel Smith once worked). Facts not brought out in Mr. Grain's half-hearted grand jury investigation of...

Author: /time Magazine | Title: National Affairs: Scandals of New York (Cont'd) | 4/20/1931 | See Source »

The U. S. owes its citizens about $16,000,000,000. That is the Public Debt. Its War peak was $27,000,000,000. A reduction of $11,000,000,000 in twelve years gives citizen-creditors ample confidence in their Government's ability to pay some day. This...

Author: /time Magazine | Title: FISCAL: March Money | 3/16/1931 | See Source »

To all suggestions of employe purchase or operation of the World, Publisher Howard replied, with sympathy but with a finality that surprised many people: "Impossible." He knew something few outsiders knew: International Paper Co. held a contract by which the World was bound to buy $3,500,000 worth of...

Author: /time Magazine | Title: The Press: World's End | 3/9/1931 | See Source »

Last week the Court of Appeals in Manhattan reversed a lower court's decision that Touche, Niven & Co. are liable for an employe's negligence. However, the Court held that if the audit said the figures were true, the accountants are guilty of deceit regardless of intent. Other...

Author: /time Magazine | Title: Business: Accounting Case | 2/16/1931 | See Source »

Soup Suits. Last week one A. Ransaville Frome, longtime employe of Campbell Soup Co., filed the following suits:

Author: /time Magazine | Title: Business & Finance: Deals & Developments | 1/26/1931 | See Source »

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