Word: processers
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Dates: during 1930-1939
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...wherever they went, U. S. citizens were free to risk not only their own but their nation's safety by traveling through war zones on belligerent ships. With its great navy, Britain blocked U. S. trade with Germany by search & seizure, took no U. S. lives in the process. U. S. vexation was largely assuaged by the fat profits rolling in from Allied buying. Attempting to meet blockade with blockade. Germany resorted to submarines, unavoidably drowned a few hundred U. S. citizens, gave the U. S. a legal pretext...
...Hopson begun his testimony before the House Rules Committee (TIME, Aug. 19) than Senator Black tried to steal him. The first attempt to serve a Senate subpena was foiled by Representative O'Connor's agents, who surrounded Witness Hopson as he left the hearing, ganged the Senate process server. Next time Representative O Connor had Witness Hopson on the stand, he found him just as affable as at the first hearing and just as uncommunicative. The chief treasure dug out of him was a laugh at the expense of the Senate which had been hunting for him all over Washington...
Shanferoke contended that New Rochelle Coal & Lumber is solvent and therefore had no right to apply for reorganization under Section 77b. If solvent corporations could seek reorganization under the Bankruptcy Law, said the plaintiff, creditors would be deprived of their property (i. e. claims) in violation of the ''due process" clause of the Fifth Amendment. With this argument the Circuit Court did not agree. Ruling that no violation of the Fifth Amendment was involved, it declared, in effect, that a solvent corporation may apply for permission to reorganize under Section 77b. Last week Shanferoke Coal had 14 days left...
Leather. Meanwhile most solvent corporations will continue to thresh out recapitalization plans with security holders and creditors outside the courts. Two notable companies which have completed this process are Wilson & Co. and Armour & Co. One still in the throes of reorganization without recourse to Section 77b last week was American Hide & Leather...
Sweeping these contentions aside, in Hartford, Conn. last week U. S. District Court Judge Edwin Stark Thomas, who four years ago cracked down on another meddler with the Fink process, found GM and the others guilty of infringement, enjoined them to stop, ordered a special master to examine profits and fix damages...