Word: scandalous
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Dates: during 1930-1939
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...location, and general "collegiate" atmosphere of a Harvard "prom" would make such a dance repulsive to all but a very few. There would be the same notoriety, the same risk of financial loss, the same noise, the same unfortunate insults to officers of the University, the same whispers of scandal behind the purple panes of Beacon Hill as exist under the present system. And in addition the University would have admitted the failure of a large portion of the House Plan and would have found a much less desirable substitute. If dances are left in student hands John Harvard will...
...Announced it would this week begin a public SEC inquiry into the complicated investment trust scandal involving Burco, Inc., First Income Trading Corp., Continental Securities, Reynolds Investing (TIME, May 30). New York's Attorney General John J. Bennett Jr. meanwhile ordered 41 implicated financiers, attorneys and stockbrokers to appear next week in supreme court; accused them of siphoning $6,000,000 worth of marketable securities from their various companies and replacing them with securities of questionable value; got temporary injunctions restraining various of the 41 in varying degrees from buying or selling securities...
...ahead of him, actually did resign. Announced promptly was Mr. West's successor as Under Secretary of the Interior: his special assistant. Harry Slattery, who was also assistant to Woodrow Wilson's Secretary of the Interior Franklin Lane, later helped do the groundwork exposing the Teapot Dome scandal. Not announced at all was a new job for Mr. West...
...election last week as New York Stock Exchange governors were 27 out & out reformers, a complete change from the "Old Guard" whose long rule reached a climax two months ago in the Richard Whitney scandal. This revolution in the most capitalistic organization in the U. S. drew 924 members to the polls, a record. Since the reform slate was unopposed, those die-hards who wished to show disapproval had only one way to do so: by scratching names off the ballots. The man whose name was scratched most-163 times-was shock-haired Broker Paul Vincent Shields of Shields...
...burgeoning history of U. S. financial scandal were last week added four chapters...