Word: legalism
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Dates: during 1950-1959
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State and city legal counsel at that time advised that the area in question was under the sole control of the Metropolitan District Commision, even though privately owned and actually included on the Cambridge assessors' map. And opposition in a State House hearing effectively put an end to a bill which would take the property out of MDC control...
...principle that man. in his relationship with other men, should be governed by moral, or natural law. It was believed that this was something that all could comprehend. So great responsibilities were placed upon a jury, and the conscience of the chancellor was relied upon to temper legal rigors with equity. And legislatures annually change our statute laws in the hope of thereby making these laws more conformable to justice...
...clock: Now, you should start to get hungry or sick or at least tired of the whole thing; go home now--you won't miss anything. There are a couple of Gov. courses, including one on legal theory (Gov. 108) by Mrs. Shklar. Those who studied Czarist Russia previously might find History 156, in Harvard 4, of some interest. Professor Billington discusses the modern period when czars aren't czars but commissars, and a serf is a privileged proletarian...
...begin to circle the stagecoach on horseback, uttering unmannerly cries in a foreign language. Outraged, he orders the carriage to halt, stomps out to give the Indian chief-whom quite by accident he disarms and captures-a severe dressing down. "My dear fellow, this coach was traveling at a legal rate of speed on a public highway. If you don't desist, I shall protest to the authorities." The chief, grateful for his life, calls off his braves...
...well invested." With higher rates ahead, U.S. bonds had another sinking spell last week, reached the lowest level in years; many Treasury issues now yield more than 4%. Furthermore, future Treasury issues may meet only a tepid reception, because Government bond yields are now bumping against the top legal limit of 4¼%. As the bond market, led by Government issues, drifted downward, the "spread" between bond and stock yields grew still larger; highest-grade corporate bonds now yield an average 4.2% v. 3.3% for the Dow-Jones industrials. Rarely in the past 50 years have stocks yielded less than...