Word: keidan
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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no evidence of criminal action on the part of Detroit's bank officials; 2) that there was no evidence of "smart money" withdrawn prior to the St. Valentine's Day closing; and 3) "most powerfully...
...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...
Detroit has waited a long time to hear Michigan's Senior Senator tell his story of the banking fiasco which Judge Harry B. Keidan has been probing off & on all summer (TIME, Aug. 7). For in all the reckless charges and counter-charges that have been hurled since Detroit's banks were closed last St. Valentine's Day, there has been one unifying theme: that in some mysterious way Senator James Couzens was the man who threw the monkey-wrench into the creaking machine...
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...
...Detroit is convinced that its banking woes were due to governmental bungling. Last week Judsie Keidan, who is investigating the Detroit fiasco in the role of a one-man grand jury, announced that he would subpoena Herbert Clark Hoover...