Word: legalism
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Dates: during 1930-1939
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...purpose of the Committee for Industrial Organization," stated that body, "to conduct this campaign in a perfectly legal manner. . . . The Committee desires to avoid industrial strife and disturbance or violence of any character...
...merchants. . . . They were no more free than the worker or the farmer "It was natural and perhaps human that the privileged princes of these new economic dynasties, thirsting for power, reached out for control over government itself. They created a new despotism and wrapped it in the robes of legal sanction. . . . "The hours men and women worked, the wages they received, the conditions of their labor-these had passed beyond the control of the people, and were imposed by this new industrial dictatorship. The savings of the average family, the capital of the small businessman, the investments set aside...
...platform "never to put a man in jail for things I do myself," he was elected in 1932 a justice of New York's Supreme Court (equivalent to a superior court of original jurisdiction). On the bench he made a record as a notable debunker of legal folderol...
...weaken property rights but to strengthen them. The reform proposals were contained in another Securities & Exchange Commission report based upon Commissioner William Orville Douglas' diligent investigation of protective committees and reorganizations (TIME, May 18). Mr. Douglas concluded that U. S. investors had suffered woefully from irresponsible corporate trustees, legal representatives of scattered and inarticulate bondholders...
That was not a definite recommendation, however. SEC's proposals centred on the indenture, urging such elementary requirements as liability for failure to record mortgages, notify bondholders of defaults or prevent illegal substitutions of collateral. By setting higher legal standards for trustees and forbidding exculpatory (hedge) clauses in indentures, SEC hopes to evolve vigorous, alert agencies, per-haps paid more than trustees now receive, but whose sole purpose would be protection of security owners...