Word: legalism
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Dates: during 1930-1939
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Even now it is admitted that individuals and small concerns generally lack sufficient capital to carry on a protracted legal battle to protect what they regard as their rights. The proposed legislation intends to make prohibitive what was improbable before. It is the small stock holder in public utilities who is the chief sufferer as T.V.A. plans are being carried out, and it is the small business man who finds the N.R.A. particularly oppressive. It requires little imagination to see the administrative statisticians conjuring up a fantastic loss from the hypothetical "sale of power," plus extravagant legal charges. An "adequate...
...proposes to eliminate injunctions against the T.V.A., even though Alabama Power Co. stockholders, for example, realize that T.V.A. invasion of the power field will mean virtual sequestration of their property. At present it is usually too expensive for small groups of vitally interested individuals to engage in a long legal battle with the government. To make it practically impossible, several of our "public servants" are vigorously pushing a bill to require the posting of bonds. The small man would thus have to mortgage everything he had to file a bond with astronomical figures...
...number of Southern landlords, correctly informed by their lawyers that the cotton reduction contract has no legal teeth and does not bind them to maintain the normal number of tenants or to pass their benefit shares along impartially, found means of withholding the reduction fee, ousting tenants from the land. AAA now admits that whereas the pre-New Deal cotton income went 40% to landlords, 60% to tenants, the reverse ratio may now hold true. From a class and country where letter-writing comes hard, some 7,000 share croppers had by last week scrawled out despairing protests to AAAdministrator...
...Myers report, soon to be amplified by an AAA share cropping investigation in every Southern county, was withheld, explained Administrator Davis, "because it may lead to legal action...
...sold every share of stock" in any bank before taking office. After last week's revelations it seemed fair to assume that obliging Brother Richard, who evidently considered himself merely a trustee, had also delicately declined to infringe on the voting rights of the virtual, if not legal, owner of the stock...