Word: postalized
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Dates: during 1930-1939
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...Evansville, onetime tailor and accountant, Mason, Moose, Eagle and Shriner, was elected to the House of Representatives from the First Indiana District in 1924. Last November a Democrat beat him for reelection. The Rowbottom campaign fund was in the red. As a "lame duck," he continued to get small postal jobs for friends, took their money as contributions to his deficit. For this he was caught, indicted. On trial at Evansville last week he admitted that one Walter Ayer had given him $750 and that he had recom- mended Ayer's son Gresham for a rural carriership, that...
...flexible authority from the White House to the Capitol; 3) Unemployment insurance; 4) co-ordinate State and Federal job agencies (the vetoed Wagner bill); 5) repeal of the War- time espionage act; 6) a law against Federal wiretapping; 7) admission of Cabinet members to Congressional debates; 8) removal of postal censorship over the Press; 9) no more deportations of political refugees...
...Postal's Year. Bad business, perhaps also much competition from long distance telephone service, has flattened the earnings of telegraph companies. Last week the directors of Postal Telegraph & Cable (common stock 100%-owned by International Telephone & Telegraph) met, looked at the 1930 report, promptly passed the 7% preferred dividend. Postal's gross last year slipped from $40,258,000 in 1929 to $37,923,000. After expenses and bond interest, it earned a paltry $96,000 against $2,972,000 in 1929. Not so drastic was Western Union's decline which brought 1930 earnings...
...TIME told of how Charles Ponzi promised investors a 50% profit in 45 days through his scheme of buying postal reply coupons in countries with depreciated exchange and redeeming them at face value for U. S. stamps. In 1920 he was convicted of using the mails to defraud and sent to Federal penitentiary. In 1924 his term was over but he was then convicted on a State charge, sentenced for seven to nine years. In October he will be eligible for parole. TIME also said that the Ponzi collapse brought down several Boston trust companies. Biggest of the closing institutions...
Arthur Jordan, onetime (1898-1916) owner of Meridian Life Insurance Co. of Indiana, was elected president of Postal Life Insurance Co., succeeding William R. M alone who originated the idea of selling life insurance by mail, founded Postal...