Word: inquisitors
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Brokers. Besides its investigation of Manhattan's Chase National Bank and its investigation of Associated Gas & Electric Co. already afoot, the Senate Committee opened still another investigation. Inquisitor Ferdinand Pecora sent the New York Stock Exchange a questionnaire so exhaustive that it would have required practically a complete audit of the books of all the Exchange's members, a study of some 10,000,000 accounts of customers with brokers. The Exchange refused to answer, saying it had no authority to gather such information. Promptly a dozen prominent brokers were summoned to Washington for questioning and Inquisitor Pecora...
...Retire Rich. This achievement was last week seized upon by Inquisitor Pecora and laid open for examination of its ethics. During Depression Mr. Wiggin had clamored loudly for wage reductions in industry but his own pay had gone booming along, had actually been raised in 1930 and 1931: 1928-$175,000 plus $100,000 bonus 1929-$175,000 plus $100,000 bonus 1930-$218,750 plus $75,000 bonus 1931-$250,000, no bonus 1932-$220,300, no bonus...
...caused the Curry machine to crumble and broke Tammany's back. What happened then? They changed the name of the Tammany candidate from O'Brien to McKee." "Judge Seabury seems to think that he has the corner on virtue and probity in this city," snorted Candidate McKee. Inquisitor Seabury roared back and took verbal swipes at Recoverers Dudley Field Malone and Herbert Bayard Swope for being "servitors" of Jimmy Walker, and at Governor Lehman, President Roosevelt's good friend, for failing to act on Seabury recommendations for city reform. Thus attacked, these men swung back at Seabury...
...Associated Gas & Electric Co.?" A complex utility holding company now in the process of becoming more complex through a reorganization engineered by mathematically-minded Mr. Hopson, Associated Gas hired Patrick Jay Hurley, ex-Secretary of War, as its attorney. Fortnight ago, after Senator Fletcher told the Press that Inquisitor Pecora's minions had spent a month hunting for Mr. Hopson, Lawyer Hurley bounced down...
When the U. S. Senate's Banking & Currency Committee and its Inquisitor Ferdinand Pecora resumed their researches into pre-Crash financial practices of Wall Street last week, the Press and public were apathetic. Nevertheless, the show went on. First to take the stand was Clarence Dillon, smooth, cheery, Texas-born head of the banking house of Dillon, Read & Co., whose father ran a general store in San Angelo and changed his name from Lapowski to Dillon before Clarence was born. Banker Dillon willingly told the Senators how to form investment trusts...