Word: sec
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Dates: during 1930-1939
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...veterans, civil servants, teachers, small bondholders. The Asociación could be counted on to oppose any Chase payoff before their claims were met. At the week's end, the Chase faced a further barrage from North Dakota's Senator Gerald Nye, who was angry because his SEC-authorized committee of Cuban bondholders in the U. S. had not been invited to appear before the new Commission...
...prisoners dressed in cotton shifts, each tagged with his name for all to see. Their arms bound, the prisoners were forced to kneel in a row before a wall. Calmly their military escorts strolled over to them, drew pistols, plunked a bullet through the head of each at 15-sec. intervals. As each shot buried itself in the victim's brain a body slumped forward, inert. Only one prisoner required two bullets...
...Boston Red Sox baseball team broke training at Sarasota. Fla., started north without Manager Joseph Cronin, whose wife had twins (boy & girl) born Shortstop Eric McNair, whose wife died in childbirth at Meridian. Miss.; Sec-Baseman Oscar Melillo, whose wife suttered a relapse in Chicago following the birth...
...American National Bank of Portland, took the Bank Holiday of 1933 with such relief that its revival was a problem. Pacific Coast businessmen have long known that Julius Meier sank most of his personal fortune in the bank. Last week they learned from Meier & Frank's statement to SEC that the store itself had advanced no less than $800,000 to enable the bank to reopen. Julius Meier, now 62, inactive and unwell since he left office, was displaced as president last January by his nephew, Aaron Meier Frank...
...holders. It should not apply when we are today a nation of investors." The problem was, he said, to achieve "democratization in industrial management," to make management responsive to the will of the "real owners of the business." Commissioner Douglas' solution harmonized perfectly with the dominant theme in SEC thinking: segregation and subdivision of the functions of finance to minimize, real or potential conflicts of interest. Among other things he would: 1) Remove bankers from industrial directorates ("The economic utility of continuity of banking relationships is of unestablished value...