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...Memphis, Hadley Strange, 18, earning his way through school, testified that as a Prohibition Agent he bought and drank liquor at a speakeasy door. Said the judge: "It is a shame for the United States Government to hire boys like this and send them into alleys to drink whiskey with bums." Agent Strange quickly explained that ordinarily he only tasted, did not drink...

Author: /time Magazine | Title: PROHIBITION: Who's What | 9/23/1929 | See Source »

...commercially. U. S. postal inspectors swooped into its Manhattan offices, ordered officers and employes to bring their account books to a Federal grand jury for study. Other inspectors did the same at Coastal Airways office, because of that line's pending merger with Airvia. Still other inspectors visited Hadley & Co., investment security sellers. Federal warrants were issued for the arrest of one Austin Howard Montgomery (alias Arthur Montgomery, alias Monte Griffo, onetime convict) and Gerald Tiffany (alias Harry Taylor). Trans-Atlantic Flyers Roger Quincy Williams and Lewis A. Yancey brought about the investigations and warrants...

Author: /time Magazine | Title: AERONAUTICS: First Stock Scandal | 8/26/1929 | See Source »

According to the flyers, Promoter Montgomery, reputedly head of Hadley & Co., made them president and vice president respectively of Airvia and financed their Rome flight for the use of their names. They were each to get $300 a month, 1,000 shares of Airvia before the flight, 4,000 more shares after the flight. To protect the values of their stock they stipulated that Promoter Montgomery sell no Airvia stock publicly for two years. While they were in Europe, Promoter Montgomery began to reave out stock at $8 to $12 a share. For that reason, Messrs. Williams and Yancey...

Author: /time Magazine | Title: AERONAUTICS: First Stock Scandal | 8/26/1929 | See Source »

...only scandal in which Austin Howard Montgomery and his Hadley & Co. were currently involved. They got Clarence Chamberlin, another trans-Atlantic flyer, to be president of Crescent Aircraft Corp., organized last year to manufacture commercial airplanes. They paid $4 for Crescent stock, tried to sell it for $12 to $16 a share with the intimation that Crescent planes had been ordered for passenger service between New York and Newfoundland, Bermuda and London. Clarence Chamberlin, a gull for no long time,* was vexed. He asked and received a temporary injunction against Hadley & Co. selling Crescent stock. Chamberlin also had newspapers print...

Author: /time Magazine | Title: AERONAUTICS: First Stock Scandal | 8/26/1929 | See Source »

Married. Hamilton Hadley, 33, son of President-Emeritus Arthur Twining Hadley of Yale University; to Miss Emily Hammond Morris, New York socialite; at Bar Harbor...

Author: /time Magazine | Title: Milestones: Jul. 22, 1929 | 7/22/1929 | See Source »

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