Word: keidan
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Dates: during 1930-1939
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Early last June a Michigan judge mounted his bench as a one-man grand jury to hear the history of the decline and fall of Detroit banking (TIME, Sept. 4 et ante). For three months the prosecutor deployed scores of witnesses across the stand. Last week Judge Harry B. Keidan declared the show over and handed down his findings: 1.) that there was no evidence of criminal action on the part of Detroit's bank officials; 2) that there was no evidence of "smart money" withdrawn prior to the St. Valentine's Day closing; and 3) "most powerfully...
...Judge Keidan discreetly refrained from placing the blame on anyone. No one knew better than Judge Keidan that the number of indisputable facts adduced by his investigation was pitifully small. His jurisdiction was purely State; the U. S. Treasury, prowling around Detroit on its own secret investigation, refused to open the books of the two big defunct banks and forbade its overworked officials to bother with testifying. What Judge Keidan received were rattling salvos of highly- personalized undocumented charge and countercharge. The whole story, the true story was yet to be told...
...most disappointed men in Detroit last week were rambunctious Senator James Couzens and Father Charles Edward Coughlin, inflation-minded radio-priest of the Shrine of the Little Flower. Judge Keidan had given them several days each to damn the bankers for a pack of thieves. They had been almost the only witnesses who had not blamed the U. S. Government, Senator Couzens or Father Coughlin for the banking fiasco. And they both craved another chance to testify. Senator Couzens claimed he had been "prevented" from offering sensational evidence but declaimed: "While I may be denied a forum...
...banks . . . were wrecked by the philosophy that money in the hands of the masses was a menace," shouted Detroit's spellbinding radio priest, Father Charles Edward Coughlin, testifying before Judge Harry B. Keidan, the one-man grand jury. "These white-carnation bankers and stockmarket gamblers were not to blame. They had been brought up in the school of Ricardo*; and John Stuart Mill and more latterly, Mr. Herbert Hoover." Father Coughlin was putting on a one-man show for the one-man jury. Much to the delight of a hot pack of Detroiters who squeezed into the courtroom...
Irked by this notion of his constituents, he cabled Judge Keidan from the London Economic Conference last month that "complete testimony cannot be given without my presence." Last week he kept insisting that he knew more than he would tell, and if Detroit's bankers failed to furnish all the facts, Senator Couzens hinted darkly that he would then give the public the truth...