Word: legalize
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Dates: during 1930-1939
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...Government's offering devalued money in place of old-size dollars to its own bondholders. That, said the Court, was not a question of regulating the value of money but of the Government's keeping its promises. In short, Government bondholders have now the right but no legal opportunity to collect, and morally the Government is no better than a malefactor who takes refuge behind a legal technicality-in this case the right not to be sued without its own consent. No pretty position is this for any government to be in. It posed a problem...
Professor Taussig, who foresees in the gold decision no possible harm to business, made the following statement: "The decision is not unexpected. The legal questions were not open to argument, and only a constitutional lawyer is entitled to express an opinion on them. Where the law, i.e., the Constitution, is not clear, the Court commonly and rightly is influenced by consideration of public policy. These seem to me to fall in favor of the decision reached...
Those classes of people must now stand aghast. First, those commentators on American government who held in their writings that the Supreme Court stood as a legal bulwark against democratic tyranny. Second, those foreign statesmen who recall what American writers and politicians said in connection with the war debts--that if was "morally reprehensible" for sovereign governments to "funk on their contracts." The third class is not really a class, it is just Senator Borah. Will he endeavor to have his legislation, making it impossible for governments that defaulted on their debt contracts to borrow again in the United States...
...This is going to be no hippodrome," announced Justice Salvatore A. Cotillo of the New York State Supreme Court, when Hubert Prior ("Rudy") Vallee and his estranged wife Fay Webb Vallee appeared in the Justice's Manhattan courtroom. Crooner Vallee & wife were there to settle a three-year legal wrangle, determine whether Mrs. Vallee's weekly allowance should be upped. Chief issues: 1) What is Rudy's income? 2) Was Rudy unfaithful to Fay? 3) Was Fay unfaithful to Rudy...
...work on conference with the directors whose productions he will henceforth supervise. To help him in the details of his new job that he knows least about, he will have a "general manager": Henry Herzbrun, the shrewd lawyer who has handled Paramount's studio's legal affairs for the past nine years...