Word: macaulay
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Last week Thomas Bassett Macaulay was no longer serene. In a lot magazine he read things that made him boil and fume...
...magazine was the Canadian Journal of Commerce, a cheaply printed monthly with a small circulation. The October issue, which was the one that made Mr. Macaulay righting mad, bore this caption on its front page...
...WORLD'S GREATEST CROOKS T. B. Macaulay and Ivar Kreuger of the Sun Life of the Swedish Match...
Among other horrid, startling things the sheetlet said: "Both Macaulay and Kreuger won the confidence of their governments and then proceeded to swindle their people. They both faked their books and presented such balance sheets, padded with fictitious assets, as best suited their purposes and thus deceived those upon whom they preyed. They were both colossal liars. . . . Kreuger did not believe in an afterlife and was frank and honest about it. Macaulay . . . was a religious hypocrite and therefore differed from Kreuger in this respect only by being more contemptible and more dangerous...
President Macaulay went furiously to court, charged James J. Harpell who writes and published the Canadian Journal of Commerce, with criminal libel. Publisher Harpell's lawyers would not handle the case. He appeared in Court alone and shocked everybody by screaming: "The plaintiff . . . has given to Samuel and Martin Insull and Ivar Kreuger $26,000,000 of policyholders' funds. ... I am here to swear out a warrant for his arrest...