Word: legalize
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Dates: during 1930-1939
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...farmer growing more than his quota would have to pay a penalty of 25% to 50% of gross value to get a state marketing certificate to make its sale legal. Either buying or selling tobacco contrary to the state law would be a misdemeanor and would subject the violator to civil penalties equal to three times the value of the tobacco...
...embankments. Down these roads could roll at a few hours notice heavy tractor field-pieces, to unlimber at the parking spaces and command the Straits. With all this in his favor, Kamâl Atatürk last fortnight felt he could afford to wangle a remilitarized Dardanelles the legal...
...weeks ago the lawyers for Manhattan's banking house of Lehman Brothers wrote a long letter to John J. Burns, general counsel to the Securities & Exchange Commission. They wanted to know, in effect, whether it would be legal for Lehman clients and certain associated bankers to stabilize the market for stock in Flint-kote Co., control of which Lehman bought from Sir Henri Deterding's Royal Dutch-Shell (TIME, March 30). Lehman was distributing stock in this old U. S. roofing and asphalt concern to the public, and the open market price of the stock had dropped...
Manipulation of a security is forbidden by law, though just what constitutes manipulation has not yet been defined. Pegging operations ("stabilization"') are subject to SEC rules & regulations, which have not yet been issued. In this legal swamp Lehman wanted to be on ground as solid as possible...
Steel. For U. S. Steel's annual meeting Chairman Myron Charles Taylor and a battalion of executives, clerks, lawyers and pressagents piled into a Manhattan subway one morning last week, dived under the Hudson River to Hoboken, N. J. where U. S. Steel maintains its legal residence. Among stockholders awaiting Mr. Taylor's arrival was one William Snelling, a knickerbockered 14-year-old from Allentown, Pa. who said he was in the ink business with his younger brother. Having bought one share of U. S. Steel for $30 in 1932 and watched it climb to last week...