Word: pecora
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...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...
Thereupon the spotlight of the trial shifted from Thomas Dewey and James Hines to Ferdinand Pecora. As the reform candidate whom Tammanyite Hines helped Tammanyite Dodge beat at the polls in 1933, as a Democratic judge presiding over a case that might make Republican Dewey Governor of New York, Justice Pecora was put to hard test of judicial impartiality...
...days Justice Pecora pondered, then convened his court, announced he would hand down his decision. With the courtroom locked, he read in a firm, dry voice a flat and lawyerlike end to one of the most sensational cases in New York jurisprudence. Because Defendant Hines was charged only with conspiracy to "contrive a lottery," said he, the question about the poultry racket was improper and prejudicial, the request for a mistrial was granted...