Word: miller
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Dates: during 1920-1929
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History. Onetime (Harding Cabinet) Attorney General Harry Micajah Daugherty and onetime (Harding Cabinet) Alien Property Custodian Thomas Woodnutt Miller are under indictment and undergoing trial in Manhattan before Federal Judge Julian W. Mack. Their alleged offense is defrauding the Government of their "unbiased and unprejudiced services" through sharing* (TIME, Sept. 13) in a $441,000 lubricant by which $7,000,000 was within 72 hours transferred from the Alien Property Custodian's custody to the Societe Suisse pour Valeurs de Metaux, This $7,000,000 constituted the German-owned stock (49%) of the American Metal Co. which was held...
...Whether or not former custodian Thomas W. Miller (who succeeded Mr. Palmer as Alien Property Custodian) and former Attorney General Daugherty conspired to receive a portion of the $441,000 as a bribe, not simply as a fee. "Conspiracy" must be proved...
Then comes the sort of "ultimate day of reckoning" that has just led the Pennsylvania Bureau of Securities to forbid the G. L. Miller & Co. Inc. from doing further business in that state. A few days ago Ohio also revoked this concern's business license...
Thus, when officials of such bond houses learned of the G. L. Miller & Co., predicament, their officials hastened to declare: "The first mortgage real estate bond business is too large, too important and too well established to be affected by one house. During the last half century the first mortgage real estate bond business has been one of the, most important factors in the building of the United States, and we believe that this business is destined to play a still greater part in the future of the country."-Vice President Herbert S. Martin, S. W. Straus...
...This should have no effect upon the major portion of the bondholders of the Miller firm. They have their bonds, the property is there and they should be perfectly secured."-Vice President C. C. Moore, American Bond & Mortgage...