Word: jerseys
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Dates: during 1930-1939
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When Frank Hague Jr., who was never graduated from law school, was nominated, to please his Jersey City boss father, as a lay judge on New Jersey's Court of Errors & Appeals (TIME, March 6), 68-year-old Inventor Samuel W. Rushmore was disgusted. Because words failed him, he ordered the 1,250 trees on his Plainfield, N. J. estate chopped down, planned to tear down his two-story house "brick by brick," erect a $220,000 maternity hospital for Negroes on its site, and leave the State forever...
...question was finally put in an amendment by New Jersey's Sutphin, who usually speaks for Assistant Secretary of the Navy Edison (TIME, Feb. 20). Republican Leader Joe Martin shrewdly held his forces in hand until he could combine them with 64 anti-Guam Democrats. The vote was 205 to 168 against Guam, and then 368 to 4 in favor of the other eleven bases. Republican Adman Bruce Barton, unable to control himself: "Guam, Guam with the Wind...
...bright boy at Princeton, the University of Virginia Law School or Washington & Lee was lanky Frank Joseph Hague Jr. After eight years of dawdling, he never did get a degree. In 1936 he managed to get admitted to the New Jersey bar. Last fortnight, events in the politically throttled State of New Jersey conspired to place Frank Hague Jr., 34, on that state's highest bench (Errors & Appeals) as a lay member at $9,000 a year. The events: 1) loaded with mortgages on properties from which high local taxes had driven business, a big Jersey City bank failed...
...Title Guarantee & Trust still had over a million in cash on hand, but it did not open for business again. With $21,500,000 in deposits still on its books, it was the biggest bank failure in five years. Reason: under Boss Frank Hague, Jersey City's tax rate on real estate is the highest in the U. S. and the bank's assets were frozen with $21,000,000 in real estate commitments, much of it in empty tenements and factories...
Last week when FDIChairman Leo Crowley announced that $17,000,000 of the $21,500,000 loss was completely covered, that another million consisted of uninvested trust funds that were fully secured, Jersey City knew it had only a stomachache, not appendicitis...