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Last week the case was tried by Municipal Court Justice Samuel Ecker and an all-white jury. Counsel for Horn & Hardart was Nicholas Pecora. brother of Investigator Ferdinand Pecora. His argument was that the automat had been shorthanded, and that even a Horn & Hardart executive had had to wait one hour before being served that night. Unimpressed, the jury awarded a verdict to Negro Tobias. Judge Ecker ordered Horn & Hardart...

Author: /time Magazine | Title: RACES: Civil Rights | 7/10/1933 | See Source »

Like the panem at circenses which the government has provided for the public in ringmaster Pecora and his fawning troupe of agile performers, J. P. Morgan and Kuhn, Leeb, the World Economic Conference has accomplished nothing and, though far more significant, is much less entertaining. The present impasse points to the fact that the Conference will see nothing more constructive done than the Geneva disarmament committees, which are already doomed by air incongrous plan emanating from Washington to give the United States the largest navy in the world. It is such contrary turns that bewilder the people about the real...

Author: NO WRITER ATTRIBUTED | Title: AN INTERNATIONAL CONCERN | 7/6/1933 | See Source »

Last week swart Inquisitor Ferdinand Pecora of the Senate Banking & Currency Committee wound up his efforts to pin scandal on J. P. Morgan & Co. by trying to prove that its partners had been evading income taxes (see p. 13). Not content to let the inquiry end upon this note, the House of Morgan countered by making two statements. First was a memorandum submitted by John P. Morgan answering Mr. Pccora's criticisms...

Author: /time Magazine | Title: Business & Finance: Morgan Finale | 6/19/1933 | See Source »

Because one of J. P. Morgan & Co.'s deals was the financing of Alleghany Corp., Mr. Pecora sent to Cleveland and brought the bachelor brothers Oris Paxton and Mantis James Van Sweringen posting to the Capital, put "O. P." upon the stand and kept him there four solid days...

Author: /time Magazine | Title: Business & Finance: O. P. & M. J. Railroad | 6/19/1933 | See Source »

...than a year old. The full purpose of the inquiry is to get at the roots of the 1929 crash and devise legislation to prevent its recurrence. Under scrutiny are the many fields of commercial and investment banking, stock exchange operations, security salesmanship. Slated next for examination by Lawyer Pecora and the Senators are Kuhn, Loeb; Dillon, Read. Most prominent victim to date is Charles Edwin Mitchell, now on trial for trying to escape income taxes as a result of testimony he gave the Senate last winter. Under President Hoover the Senate's inquiry was given a twist against...

Author: /time Magazine | Title: National Affairs: Wealth on Trial | 6/12/1933 | See Source »

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