Word: legalism
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Dates: during 1930-1939
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...violence. The late Jeff Bowers, hardware clerk, found four years ago mysteriously shot in a Washington store, provided such a case. For if Jeff Bowers committed suicide, that was all there was to it; but if he was killed in the line of duty, Widow Bonnie Bowers had a legal claim for compensation. From Mrs. Bowers' lawyer the Justices learned that there were no recognizable fingerprints on the gun and presumably Jeff Bowers could not have wiped them off after fatally shooting himself; learned that he had loved his wife, had lived carefree and blithe, had only the night...
Biggest moment of a busy week for every member of the Court was when once more it sat in judgment on the question of whether much of the New Deal is legal or illegal. The case arose over a bale of cotton numbered 407784. One night a year ago at Clarksdale in Coahoma County, Miss., Fred Hastings allegedly asked Jed B. Earner, a Negro helper, to steal cotton from the warehouse of Federal Compress & Warehouse Co. Black Jed quietly rolled three bales of cotton, one of them No. 407784, out of the warehouse. He confessed that for these services...
When Puritan John Winthrop set aside the last Thursday in November as a day for giving thanks unto God, he had no thought of a future legal holiday that would cause difficulties at Harvard. If he had proclaimed Monday as the day of much eating, many students who now remain in Cambridge would be able to share the family turkey at home. Yet the sad fact remains that Thursday is the day. University Hall should accept this fact as inevitable and issue a proclamation about the entire weekend...
...love of trees. Not an official word did he utter when he heard the news from Baltimore, but in the first week of the critical 52 he saw that an unpleasant choice would soon be forced upon him: to suppress his personal feelings for the Public Utility Act while legal taunts and political insults are heaped upon it, or to carry the fight against holding companies into the 1936 campaign, thereby making it impossible for him to turn right and cotton to Business...
Since the average legal reserve is approximately 10%, the "excess" will suffice for additional deposits up to ten times that surplus. Bankers do not have to wait for deposits; they can create them so long as they have "excess reserves." The deposits are created by making loans. Thus, for example, if a bank lends a businessman $10,000, it merely credits his checking account with $10,000. This increases the bank's deposits (i. e. liabilities) by $10,000, and its assets are equally increased by the businessman's note. Writing checks on the new $10,000 account...