Word: receivershipped
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...municipalities had defaulted on their obligations. Three states have laws whereby such municipalities can be put into receivership like a private corporation. In Massachusetts a commission appointed by the Governor took over Fall River's finances, collected its taxes, controlled its expenditures until it could work its way out of trouble. New Jersey officials were made receivers for North Bergen and Lavallette. Though 150 North Carolina localities have failed to meet their obligations, the State law providing for local receivers has not been invoked on the ground that the default was due to general economic conditions, not to local...
Last February the House voted five articles of impeachment against Judge Louderback (TIME. March 6). Their gist was that he had abused his judicial power in receivership cases, had been guilty of "tyranny and oppression, favoritism and conspiracy which brought the administration of justice into disrepute.'' Original complainant against Judge Louderback, who was appointed in 1928 by President Coolidge on the say-so of then Senator Samuel Shortridge, was the San Francisco Bar Association. He was accused of appointing Lawyer Samuel Shortridge Jr. to at least one fat receivership, dismissing a receiver who refused to appoint...
...House members charged that "Sam" Leake, for all his pious exterior, was the real brains behind Judge Louderback, that he arranged receivership appointments, split fees, paid the Judge's bills. Last week "Sam" Leake in San Francisco pleaded that he was too old and ill to attend the Senate trial as a summoned witness. The Senate issued a bench warrant, provided him with a nurse for the trip across the continent...
This week "Sam" Leake, clad in a dressing gown and wrapped in sheets, was wheeled on to the Senate floor to deny any part in a receivership conspiracy. He had, he said, recommended only one receiver to Judge Louderback. He had paid for the hotel room but his friend always repaid...
...late Publisher Frank Andrew Munsey scrapped seven Manhattan dailies during his career. *The estate of the late John Roll McLean owns also the troubled Washington Post, now in receivership. The Post's publisher, ousted last year, was John McLean's extravagant son Edward Beale ("Ned''). Last week "Ned's" estranged wife, Evalyn Walsh McLean, in hope of buying the Post for her three children, was trying to raise $250,000 on her jewelry, including the "unlucky," Sunday-supplement-famed Hope Diamond...