Word: jersey
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Dates: during 1930-1939
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Four years ago a passer-by along the shores of the New Jersey's Raritan River would have seen two crews racing down the Herley course against each other. One boat was a second hand gig lent by Lawrenceville Preparatory School for the occasion, and the other a similar purchased boat from Princeton. In the boats were the first and second crews of Rutgers University...
From this humble beginning crew has rapidly developed at the New Jersey Institution, and high point in that development will be reached when two Rutgers crews take to the Charles tomorrow afternoon for a triangular race against Harvard and M.I.T. It is the coming of Age for Rutgers newest sport...
...paid editor-in-chief for Bernarr Macfadden's 5? weekly Liberty magazine, popped into the spotlight with a $150,000 libel suit against his employer's estranged wife, Mary Macfadden (TIME, Feb. 1). Editor Oursler charged she had written three nasty letters about him, one to New Jersey's Governor Hoffman, two to Hoffman's secretary. One of the alleged letters went so far as to suggest that Mr. Oursler might have conspired the Lindbergh baby kidnapping, intending to glorify Bernarr Macfadden by having him pay a big reward for the return of the child...
...whole thing resulted from the failure of the New York group of stockholders who control the institution to meet the demands of the FDIC. Local officers of the bank have attempted to handle its affairs conscientiously, but the power lies with the group of New York interests." The New Jersey Banking Commissioner chimed in that "certain alleged irregular practices" had been under "surveillance...
...Donald P. Kenyon, the "New York Group'' has apparently been at odds with the New Jersey stockholders for some time. At week's end it was reported that control had returned across the Hudson River to New Jersey, that after a cleanup the bank would apply for reinstatement. Financially, the whole affair was distinctly small time. Bergen Trust's deposits were about $1,000,000. But FDIC's crackdown did remind bankers that its supervisory function is almost as important as its insurance function. After a warning a bank is allowed 120 days to mend...