Word: legalism
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Dates: during 1930-1939
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...made no less than $50,000,000 and, by one method of computation, $216,000,000 above a 6% return on investment. Rental charges were included in a general charge of 4½% of operating company revenues ''for engineering, financial and legal service." In 1927 A. T. & T. sold the telephones to the operating companies for $38,000,000, making $14,000,000 on the deal. At the same time, however, A. T. & T. reduced its annual service charge from...
...brought to Seattle as a child, grew up to be a fish peddler. He went to the University of Washington Law School, got himself elected president of the student body, behaved so obstreperously that fellow students clipped his pate, dumped him in Lake Washington. Marion Zioncheck began his legal career by being fined $25 for contempt of court after calling a witness a "scab." Later he successfully defended his mother on kidnapping charges. In 1932 Lawyer Zioncheck persuaded the Democratic voters of Washington's First Congressional District to send him to Washington. By last week Representative Zioncheck had piled...
When Dutch Schultz was murdered in Newark last October, Torrio, sought for questioning, was located sunning himself in Miami. Internal revenue agents went after him in earnest, discovered that he was at the bottom of a ring which was "cutting" legal liquor, selling it under Government tax stamps. When State Department authorities sent word last fortnight that Torrio was applying again for a passport, revenue agents mailed him a decoy registered letter, arrested him at the White Plains, N. Y. post office as he appeared to collect it. Unimpressed by Torrio's lawyer, who insisted his client...
...Bank & Trust Co. into the red and finally into receivership in 1933. As prison librarian at Lewisburg Federal Penitentiary, Convict Harriman had ample opportunity last week to read in the Press of the embarrassments his bank caused in Wall Street before its collapse. He had, he discovered, caused a legal battle which would make U. S. banking history whatever the outcome...
...Canada's Price Bros. & Co. began a mighty career in lumber, later branched into paper. Its own printed currency was long accepted locally as legal tender. Were Price Bros. banknotes circulating today they would find few takers. Competetive ferocity in a traditionally ferocious industry ground down newsprint prices from the post-War $110 per ton to a Depression $40. Short on profitable U. S. contracts, long on overhead, Price Bros. defaulted interest payments on its bonds in 1932. Promptly mustered was a bondholders' protective committee chairmanned by Boston's W. (for Willard) Eugene McGregor, who had been...