Word: fraziers
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...began to read decisions. Justice Butler read one of little public interest. Justice Sutherland read one making news, in which it was held that President Roosevelt had no right to oust a Federal Trade Commissioner without specific cause (see p. 11). Next, more news: Mr. Justice Brandeis declared the Frazier-Lemke Farm Mortgage Bill unconstitutional (see p. 15). Then all that news of a newsworthy Court session grew inconspicuous. The Chief Justice announced that he would read the Court's decision concerning four poulterers from Brooklyn. Donald Richberg visibly stiffened and grew pale. The Chief Justice began to read...
Last autumn the Louisville Joint Stock Land Bank was stayed from foreclosing a $9,000 mortgage on William W. Radford's 170-acre Kentucky farm by a brand-new device for scaling down farm debts and forestalling foreclosures-the Frazier-Lemke Act, a non-Administration measure filibustered to passage by Senator Huey P. Long in the last days of the 73rd Congress. That law permitted a farmer to declare himself bankrupt and keep his farm by having its current value appraised, then paying this sum to his creditors within five years. Farmer Radford got his debt scaled down...
Last year U. S. District Judge Charles Irvin Dawson of Louisville upheld the Frazier-Lemke Farm Mortgage Act "with extreme reluctance." Then this thin-lipped Southern Republican began to bear down on the New Deal in earnest. In quick succession he declared illegal the condemnation of private property for PWA slum clearance, the NRA Bituminous Coal Code (TIME, March 11). Last week Judge Dawson struck his third blow by ruling AAA's Kerr-Smith Tobacco Control Act unconstitutional...
...Deal legislation is on its way up through the lower courts. A milk dealer in Southern Indiana has challenged the right of AAA to enforce its milk licensing clause. Reason: the company is not engaged in interstate commerce. The Louisville Joint Stock Land Bank has challenged the Frazier-Lemke Act after a farmer owing the bank $7,063 invoked the law in order to save his property from foreclosure. In Tennessee 600 manufacturers of hard wood have got a decision from a Federal Judge that, in selling 40,000,000 feet of lumber to Fisher Body Corp. at some...
...Small wonder than confidence languishes for it thrives on honesty, on honor, on the sacredness of obligations, on faithful protection, on unselfish performance. Without them it cannot live." (Why did the President sign the Frazier-Lemke Bill, and why did he issue an edict to prevent an individual holding a ten dollar gold certificate from receiving ten dollars in gold upon demand? Or isn't such a note a "sacred obligation...