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...laws have been enacted which make "wilful and malicious" slander a crime. Libel laws cover only written defamation, and few rumors about banks are ever printed. The original bill was drafted in 1907 by .gaunt, white-haired Thomas Bugard Paton, now gen- eral counsel for American Bankers Association. Many mongers have been indicted, but in few cases have banks ever carried the case to a finish because of community sentiment. Monger O'Connell's conviction would be the first in New York State since the passage of the law in 1912. Indicted recently for the same offense were...

Author: /time Magazine | Title: Business & Finance: Rumor Monger | 9/7/1931 | See Source »

...Thomas Lincoln Chadbourne, director of the bank and its counsel, called all the ugly rumors lies, spoke of their "utter baselessness, sheer malignancy." He said Chatham Phenix would prosecute Mr. O'Connell to ''the very limit of the law," was busy seeking other rumormongers. If convicted, Monger O'Connell may face a $1,000 fine or one year in jail...

Author: /time Magazine | Title: Business & Finance: Rumor Monger | 9/7/1931 | See Source »

...George May were a politician he would know that this is a poor year to talk to British voters of budget retrenchments. But he is no vote-monger; he is an able financier, an insurance man. In the report which his committee presented was the blunt warning: "The nation cannot go on borrowing to meet its current requirements." He urged a budget slash of $469,370,000. Labor's Big Five studied the May report sourly last week, looking for some economies which could be put in force without costing political necks...

Author: /time Magazine | Title: Foreign News: Critics Must Face Facts | 8/24/1931 | See Source »

...late great Good Old Days publishers would think twice, thrice, about putting out solid wares in the light-minded summer season, would generally offer fripperies and froufrou. Competition has somewhat altered the case, but summer still turns (temporarily) many a serious publisher into a souffle-monger. Here are two concoctions guaranteed digestible in hot weather...

Author: /time Magazine | Title: Books: Children of All Ages* | 8/17/1931 | See Source »

...COLUMNIST MURDER-Lawrence Saunders-Farrar & Rinehart ($2).- No one has yet shot smooth-haired, Gossip-Monger Walter Winchell (New York Mirror's "On Broadway") though Zit's Theatrical Newspaper hinted more than six months ago he would be killed within six months (TIME, Nov. 3). Author "Lawrence Saunders" (Burton Davis) calls the victim of his murder-story "Tommy Twitchell," has him shot in a theatre telephone booth during a first-night performance, proceeds with his unraveling tale in a style that owes much to his hero's prototype. As a murder story The Columnist Murder...

Author: /time Magazine | Title: Books: Albion | 7/13/1931 | See Source »

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