Word: pecora
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Banker Morgan's inquisitor was swarthy Lawyer Ferdinand Pecora, counsel for the Committee. At his side, prompting him continuously, was his own chief counsel, courtly, white-crowned John William Davis, onetime Democratic nominee for President. Ranged about the room were various of the 20 Morgan partners, Thomas W. Lamont, George Whitney, S. Parker Gilbert, many another. And against the wall, guarding the trunkful of records, stood dapper junior members of the House of Morgan...
Though Attorney General Cummings said he had no criticism to make of the delay in the Harriman case, members of the Senate Committee on Banking & Currency felt strongly otherwise. Ferdinand Pecora, the Committee's special counsel and investigator, was dispatched to Manhattan to get the facts...
Ferdinand Pecora, most brilliant lawyer of Italian extraction in the U. S., finished public schools at 12. At 18, after loping through his brother's law books, he was managing clerk of a law firm. Even on the most complex cases (which he, tireless, likes best) he never needs notes, never forgets a word of testimony once it is on the record. One of his most famed convictions was that of former New York State Superintendent of Banks Frank H. Warder for his part in the failure of Manhattan's City Trust...
Last week, sitting always at Chairman Norbeck's right, Mr. Pecora put on the show. His the right to question; Mr. Mitchell's the duty to answer no more no less than suited Mr. Pecora-and Senator Brookhart darkly hinted that a jail cell was ready if the banker balked. Banker Mitchell proceeded to say enough to damn himself to the satisfaction of the Committee, Mr. Pecora and a large part of the U. S. people by the following admissions...
...thirdly, the chief reason advanced for not jettisoning "Billion Dollar Charlie" was that neither the directors nor any other Manhattan banker knew anyone who, they believed, could do an equally good job of carrying the bank safely through storm & strife. That he has done the job, Ferdinand Pecora would be the last to deny. The statement of National City Bank was, on Dec. 31, 1932, the envy of nearly every bank...