Word: pecora
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...Original developer of the modern field of personal financing were the Morris Plan banks. Two years ago New York Supreme Court Justice Ferdinand Pecora ordered Founder A. J. Morris and four other directors of Industrial Finance Corp., parent of Morris Plan banks, to pay stockholders $400,000 they had made in a side-deal (TIME, Nov. 30, 1936). Last week the Appellate Division unanimously reversed Judge Pecora, found "no dereliction of duty...
...Because Vic Donahey knows he is not a born inquisitor like such famed Senators as Black, Wheeler, Nye, La Follette and the late Tom Walsh, his committee last week retained a paid inquisitor just as the Senate's Wall Street investigation in 1933-34 hired Lawyer Ferdinand Pecora. The TVA committee's choice: Francis Biddle, 52, a Philadelphia lawyer who followed Franklin Roosevelt through Groton and Harvard into the New Deal, served as chairman of NLRB in NRA days. Mr. Biddle, although once attorney for such great corporations as the Pennsylvania Railroad and A. & P. chain stores...
When J. P. Morgan was called to testify at the famed Pecora investigation of 1933, a midget suddenly perched on his lap, embarrassing the famed banker mightily but making the whole proceeding so ludicrous that public opinion swung to the Morgan side. Last week when Banker Morgan and his son, Junius Spencer Morgan, went to the SEC offices in Manhattan to tell what they knew of the Richard Whitney case, the only embarrassment was the blinding flicker of photographers' bulbs. Eyes closed in resignation, J. P. Morgan took the stand for half an hour. Respectfully treated by SEC Lawyer...
...James McCauley Landis was succeeded as chairman of the SEC by (1 Ferdinand Pecora, 2 Rexford G. Tugwell, 3 William O. Douglas, 4 Robert H. Jackson, 5 Joseph P. Kennedy...
...showing the necessity for training, Peroy pointed out that he never smokes and that his physical trim is evidenced when he fences Levis and Pecora, who smoke but are 20 years younger...