Word: pecora
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Dates: during 1930-1939
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...Celebrated during the inquisition of J. P. Morgan by Counsel (now New York Supreme Court Justice) Ferdinand Pecora, was a notation found on an income-tax return, made by an Internal Revenue agent, which read: "Returned without examination for the reason that the return was prepared in the office of J. P. Morgan & Co., and it has been our experience that any schedule made by that office is correct...
...belonged to the company, not the directors in the syndicate. The members of the syndicate replied that the corporation neither wanted the stock nor was in a position to buy it and that the syndicate bought it to protect the corporation from Mr. Markle. Nonetheless, bushy-haired Justice Ferdinand Pecora returned a thumping judgment against Morris & friends for $443,202, including interest. Last week, Justice Pecora's judgment having been reversed on the first appeal, New York's Court of Appeals (last resort) polished it off for good. In an unanimous decision six of its judges set aside...
...assets another 67% to $539,585,596. By March 1931, when U. S. business began a steep two-year nose dive, United had increased its assets to a peak of $594,603,470. Two years later during the famed investigation which sired the Securities Exchange Act, Inquisitor Ferdinand Pecora brought out that at that peak the "United group" controlled 22-to-23% of U. S. electric production, some 22% of gas output; and that its half billion dollars of common stocks had brought under Morgan domination a utility empire* ("worth...
...WALL STREET UNDER OATH-Ferdinand Pecora -Simon &Schuster...
...through his prosecution of big-city rackets (72 convictions, one acquittal, one mistrial). The mistrial in his crowning case against Jimmy Hines, alleged Tammany protector of the "numbers" racket (TIME, Sept. 19), gave his partisans a last-minute sinking spell. But they felt that public opinion blamed Justice Ferdinand Pecora (a Democrat) more severely for his ruling than Prosecutor Dewey for the question which evoked it.** Last week, amid cheers, they brought him on-stage to begin an onslaught which they hoped might start a national Republican resurgence...