Word: feudal
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Dates: during 1930-1939
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Successor to Andrew Carnegie and Henry Clay Frick as overlord of the feudal financial system of the unique U. S. city of Pittsburgh, Andrew Mellon was an officer or director of 160 corporations and worth no one knew how much more than $500,000,000 in 1921 when Harry M. Daugherty is said to have suggested to Warren Gamaliel Harding that he would make a good Secretary of the Treasury. President-elect Harding answered: "I never heard of him," and in so doing expressed not only his own ignorance but that of the U. S. public...
Just as nature abhors a vacuum so the law abhors a vacant ownership of anything. In the U. S. the States are the original and ultimate proprietors of all lands within their jurisdictions. And the ancient feudal doctrine of Escheat or accidental reverting of lands to the original lord has been applied in modern law not only to lands but to personal property, unclaimed savings deposits, dividends, and securities. Most laymen and many lawyers think of escheat only when persons die without wills and heirs. Last week smart lawyers all over the U. S. eyed with admiration a lawsuit filed...
Japan's present system of peerage, of which the new Premier is a top-ranking member, numbers about 1,000, was established in 1884 as a subtle method of breaking the power of the feudal Samurai. Titles are ki (prince), ko (marquis), haku (count), shi (viscount), dan (baron). All are hereditary titles, all except the first can be conferred on commoners. There is also the equivalent of British knighthood in the Ikai or Kurai. Only in classical poetry or Gilbert & Sullivan is the Emperor called Mikado, is generally called Tenshi (Son of Heaven) or Tenno (Heavenly King...
...conversation in a hotel two years ago, during a U. M. W. drive to organize Harlan County's miners. That drive failed, as union attempts to get a foothold in "Bloody Harlan" have always failed. But last week there was a new tide in Harlan history, and the feudal sway of Capital over one of the world's richest bituminous coal fields seemed about to end. U. M. W. had put 20 organizers in the field on the heels of the Supreme Court's validation of the Wagner Act. And for the first time full light...
What Dr. Murchison & colleagues did was done with Occidental rapidity in less than ten days. Between entertainments of feudal courtesy and visits to the great clean mills of Osaka, they persuaded the Japanese textile barons to call an immediate halt on U. S. business, establishing as the quota for this year just 155,000,000 yd. of cotton piece goods, exactly the amount of business booked for U. S. delivery three days preceding the agreement. The surprisingly tractable Japanese further agreed that the situation in 1937 was abnormal, accepted a quota of 100,000,000 yd. for 1938 with...