Word: lumber
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Dates: during 1930-1939
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Coal. A small corporation with an excellent pre-Depression earnings record is New Rochelle Coal & Lumber Co. of New Rochelle, N. Y. It sought permission to reorganize under Section 77b when a creditor, Shanferoke Coal & Supply Corp. of Delaware, sued to collect a bill of $26,051. A reorganization plan was approved by the court and by a majority of security holders and creditors, except Shanferoke Coal. That company tiled a petition in the U. S. Circuit Court of Appeals which resulted in a noteworthy decision...
Shanferoke contended that New Rochelle Coal & Lumber is solvent and therefore had no right to apply for reorganization under Section 77b. If solvent corporations could seek reorganization under the Bankruptcy Law, said the plaintiff, creditors would be deprived of their property (i. e. claims) in violation of the ''due process" clause of the Fifth Amendment. With this argument the Circuit Court did not agree. Ruling that no violation of the Fifth Amendment was involved, it declared, in effect, that a solvent corporation may apply for permission to reorganize under Section 77b. Last week Shanferoke Coal had 14 days left...
...Congressman from Mississippi whom Senator Pat Harrison, not entirely unselfishly, rescued from political limbo with a Federal judgeship in the Islands, had previously distinguished himself by proceeding in the face of bitter opposition to prosecute a quadroon PWA clerk named Mclntosh for pilfering $38.40 worth of Government cement and lumber. Last week it developed that fierce discord had also arisen between Judge Wilson and the Pearson Administration over disposition of the case of Mrs. Helen Dortch Longstreet. relict of famed Confederate General James Longstreet.* Widow Longstreet had had her driver's license revoked for parking her automobile...
...screaming with 101 charges of graft, waste and corruption. A refrigerator salesman mysteriously committed suicide but, sifted by two Interior Department investigators, Attorney Baer's 101 charges simmered down to the case of one poor quadroon named Mclntosh who had innocently appropriated $38.40 worth of government cement and lumber in exchange for various odd jobs he had done. Attorney Baer and Police Director Nolan lost their jobs...
Found shot dead in a Detroit park was Howard Carter Dickinson, 52, nephew of Chief Justice Charles Evans Hughes's wife. Attorney Dickinson had gone from New York to Detroit to investigate a young woman's claim against the $40,000,000 Yawkey (lumber) estate. After four days' search, Detroit police produced William Schweitzer, underworldling, and three dance-hall girls who told of having been with Lawyer Dickinson on a two-day drinking party culminating in a hold-up and the shooting...