Word: legalism
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Dates: during 1940-1949
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Wherever there were Americans, Europe had a new medium of exchange, subject to all the lamentable fluctuations that affect legal tender. The medium: cigarets...
Last August, to curb blatant cigaret trading, Lieut. General Lucius D. Clay, then Deputy Military Governor, opened a legal barter center in Berlin's swank Dahlem district. Through one door, Americans swarmed with their cartons. Through another, Berliners brought their bric-a-brac, silver, china, cameras, radios, furs; the cigarets the Germans got in exchange bought food and clothing on Berlin's black market...
Picard, who was a trapeze artist in the family circus as a boy, walked a legal high wire. He decided that punching the clock and walking to the bench were not "work," but that if a man worked before the whistle, he must be paid for it. That gave the union...
...which unions were swinging this legal club brought a cry of alarm last week from Judge Picard and even from Lawyer Lamb. Said Picard, who obviously thought many of the union suits were on flimsy ground: "There is no reason for this hysteria causing sleepless nights for some enterprises...
...Curb's prime need now is for a boss who knows 1) the ins & outs of Government securities regulations and 2) his way around Washington. Francis Truslow knows both. A Yale graduate who later studied law at Harvard, Truslow worked for two Wall Street legal firms, helped develop regulations under the Securities Exchange Act, headed the Government's Rubber Development Corp. No new-broom wielder, Truslow plans "to do a great deal of listening . . . before indulging in any perceptible amount of talking...