Word: legalism
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Dates: during 1930-1939
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Arlington Park's operating methods are remarkable because they are unique. Its success is remarkable because it is nothing of the sort. A wave to reform Reform laws against gambling swept the U. S. in 1933. Gambling is now legal in 26 states and the renaissance of horse racing that started in 1932 is still booming. Since 1933 14 new tracks have opened and $3,000,000,000 have been wagered. As noteworthy as the success of Chicago's Arlington Park has been that of at least two other major U. S. establishments officially dedicated to improving...
...classes who is at entrance to college below the present average of liberal arts college freshmen. Since this would exclude at least 60% of pupils now in teacher training institutions over the country, it represents an ideal rather than opinion. . . . Many of these students are literate only in the legal sense of the word...
...first time since Congress amended the Federal Reserve Act in 1917, the legal base of U. S. credit was arbitrarily changed last week. Emerging from a sweltering all-day session in Washington, the Federal Reserve Board announced a 50% increase in reserve requirements for member banks, effective Aug. 15. After nearly a year of public and private debate over the inflationary dangers of excess reserves, Reserve Board Chairman Marriner Stoddard Eccles had finally taken up the slack in the elaborate brake system provided by the Banking Act of 1935 to stop runaway credit expansion...
Genesis of the Linotype was the desire of James O. Clephane, private secretary to Civil War Secretary of State William Henry Seward and later a court stenographer, for a quicker way of publishing legal briefs. In 1876 Clephane and his associates brought their ideas to the Baltimore shop where Mergenthaler, 22, was a watchmaker's handy and clever apprentice...
...York trustee. They fought the claims brought by the creditors of International Match and Swedish Match, which alone remained in business, against the dubious assets of Kreuger & Toll. When it appeared that Swedish law might defeat them, they persuaded the other two groups to participate in extra-legal negotiations...