Word: sevening
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Dates: during 1930-1939
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...Reserve Banks throughout the land); authority to alter reserve requirements, and to admit or deny virtually any collateral for rediscount. As the bill emerged after Senator Glass had worked on it, the Federal Reserve Board (renamed the "Board of Governors of the Federal Reserve System") would be composed of seven members, only four of them belonging to the same political party. The Secretary of the Treasury and the Comptroller of the Currency would no longer be ex-officio members, thereby tending to reduce, instead of increase. Administration control. The Glass bill would then centralize authority but in a more limited...
Four years ago "Tony" Biddle and seven other onetime directors of bankrupt Sonora Products Corp. of America were sued by the company's receiver, Irving Trust Co.. which charged them with general mismanagement and with diverting $1,500,000 worth of profits from stock sales to their own pockets. A Federal District judge acquitted the defendants, was reversed last autumn by a Circuit Court of Appeals. Last May, on the request of Irving Trust which charged that his "pecuniary position is precarious" and that he had been "fraudulently conveying away his property" until he had "substantially stripped himself...
...heterogeneous collection of sleuths and bank examiners from other departments. Within considerable limitations, the Bureau was charged with the detection and apprehension of violators of Federal statutes. In 1910 these duties were increased by the passage of the Mann Act to break up the interstate traffic in women. Seven years later the War brought the tasks of espionage and counterespionage. In 1919 under the Dyer Act, Department of Justice agents began to chase across State lines automobile thieves (most of whom turned out to be joyriding youngsters). But neither in morale nor efficiency did the Bureau grow up with...
Among the 623 Special Agents and Accountants now in the field there is an amazing diversity of occupational backgrounds. Sixty-three are experienced farmers, 17 are aviators, 17 newshawks, one a baker, seven professional baseball players, one a surveyor, one an oil gauger, 37 with banking experience. Two were radio announcers. ("That's the pair they ought to shoot," jests Director Hoover...
...blew Italian Dictator Mussolini's gunpowder plant at Taino killing at least 33 last week. Up blew two of Turkish Dictator Kemal Ataturk's munition dumps on the Marmara Sea killing seven. And up blew a unit of one of German Dictator Hitler's war chemical plants, killing three...