Word: gresham
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Dates: during 1930-1939
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...need," said Colonel Leonard P. Ayres in Philadelphia last week, "a campaign of education to reduce the economic illiteracy of the people-and their representatives in Washington. Gresham's Law may be as applicable to individuals as it is to money."† But the convention at which he spoke, a meeting of the American Statistical Association, and twelve kindred societies convening simultaneously in Philadelphia, was good proof that U. S. economic illiteracy is no longer quite so black as it once was. For of nearly 5,000 men present at the great annual economic camp meeting the public...
...Columbus, Ohio last week met 1,500 U. S. Presbyterians in their annual General Assembly. Fundamentalists had come bringing threats, chief among them Dr. John Gresham Machen of Philadelphia who last month stirred up the row leading to the resignation of Author Pearl Sydenstricker Buck as a mission teacher in China (TIME, May 8). Since then Dr. Machen had flayed Mrs. Buck for an "antiChristian propagandist,'' excoriated the Presbyterian Foreign Missions board for its "Yes-&-No" attitude, called everybody names including even much-revered Board Secretary Robert Elliott Speer whom, by implication, he called "dishonest" and "evasive...
...cinemactor. Grounds: "grievous mental cruelty"; "a jealous and suspicious attitude" toward her friends; "loud arguments about the most trivial subjects," lasting "far into the night." Resigned. Pearl Sydenstricker Buck, author (The Good Earth), as a Chinese missionary, voluntarily, without a hearing on heresy charges brought by Professor J. Gresham Machen of Westminster Theological Seminary (Philadelphia). Resigned. Rear Admiral Richard Evelyn Byrd; as chairman of the National Economy League; in Manhattan. Reason: "pressure of personal affairs." Died. Air Marshal Sir William Geoffrey Hanson Salmond, 54, commander-in-chief of Britain's Air Defense; after long suffering from what was thought...
...duck," he continued to get small postal jobs for friends, took their money as contributions to his deficit. For this he was caught, indicted. On trial at Evansville last week he admitted that one Walter Ayer had given him $750 and that he had recom- mended Ayer's son Gresham for a rural carriership, that he had received $800 from another source and procured the postmanship at Dale for S. Grant Johnson. But he insisted these receipts were not bribes. The Government prosecutor produced pin-pricked $100 bills used to trap Rowbottom. When after two hours' deliberation the jury found...
...Harry E. Rowbottom, 46, father of one child, has fallen upon bad days. After serving three consecutive terms in Congress, he was defeated last November by Democrat John W. Boehne. And last week he was arrested at Evansville, Ind., charged with having accepted $750 from two relatives of one Gresham Ayer in return for recommending Ayer to be a rural mail carrier.* Venal Lame Duck Rowbottom refused to say anything about the case when he posted $10,000 bond and was released pending organization of a Federal Grand Jury...