Word: legalization
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Dates: during 1920-1929
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...little has the public heard of tourists returning from abroad who fail to declare the full value of their purchases, hoping to cheat the Government of its legal customs dues. Next to nothing has the public heard of the Government mulcting tourists of from 30% to 40% more in tariff duties than is legally collectible. Recently persons not so ignorant of the law as the average tourist began to make in- quiries. Last week, Customs officials publicly admitted that tourists have for years paid millions of dollars more in tariff duties than the law authorizes. "Ah," said cynics, "the shoes...
Next, fearing that he would leave his wealth to Perry Pickle, the stepchild of Mrs. Trunnion's sister-in-law, Mrs. Trunnion robbed the Commodore and assured him that any legal steps he might make she would frustrate by having him locked up as a lunatic...
Arbitration Advance. The most concrete passage in Scot MacDonald's idealistic speech dealt with the so-called "Optional Clause" of the World Court protocol, signatories to which bind themselves to accept the arbitral jurisdiction of the Court in all legal disputes. Said Mr. MacDonald: "I am in a position to announce that my Government has decided to sign the optional clause. [Prolonged cheers from statesmen of the minor nations, most of which have signed.] The form of our declaration is now being prepared." Later Prime Minister Aristide Briand said that France, which has adhered with reservations to the Optional Clause...
...first sight it might seem that Mr. Waggoner had made an empty gesture, that so soon as the fraud was discovered the $500,000 would be returned. Unfortunately, however, no such simple solution appeared likely. For, fraudulent as the transaction undoubtedly was, its execution had been unquestionably legal. So soon as the Chase bank certified the drafts
...part to get around this legal limitation that bank chains such as First Bank Stock Corp. are formed. A holding company acquires control of several banks, operates them under a unified policy. The bank or banks at the head of the chain act as correspondents and depositories of the reserves of the members, all of which retain their individual identity. The important differences in practice are these...