Word: legalization
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Dates: during 1950-1959
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Pauline, a legal secretary (who is now 53), was enthralled. She contributed her carefully garnered life savings to the new Modulator corporation; her $38,000, in fact, put it in business. Between hurried business conferences Pauline and Harold rounded up some more investors-including a fellow from Delaware named Pleasant McCarty, who added $20,000. Pauline typed the manuscript of a book that Harold wrote about his experiences in space (title: Two Weeks on Venus...
...deficient in its remedies. Eisenhower's feeling that a constitutional discussion must be resolved by an amendment indicates a certain unnecessary contempt for the stature of Congressional legislation. In the present case, immediate legislation is not only more necessary than the protracted amendment process, but is also sufficient on legal grounds to meet a crisis should it occur...
Thus "while there is a very real legal, governmental, and philosophical question about the balance between state and federal powers, more often than not the real question at issue is some other matter masquerading as an issue of state and federal rights...
...Little in Hand. On other issues, Hammarskjold was only slightly more successful. Typically, Hammarskjold tried, in the words of an aide, to convert the disputed passage to the Gulf of Aqaba "from a political to a legal question." He got Nasser's oral agreement to allow the UNEF to remain at Sharm el Sheikh indefinitely while the U.N. seeks an advisory opinion from the World Court as to whether the Gulf of Aqaba is an international waterway, as Israel and the U.S. contend. Nasser reportedly also agreed not to rush Egyptian troops back into Gaza...
Another ally that F-M's management is counting on is time. Claiming that Penn-Texas now owes more than $22 million for F-M stock, the Morsemen say that Silberstein has nothing to show for it so far except the prospect of a long legal battle. Moreover, the fight has done Penn-Texas no good financially. While 1956 net income totaled $7,074,000, some $4,846,000 was from nonrecurring items such as the sale of plants (later leased back) to raise cash for F-M stock purchases. The company's true net income (not counting...