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Invited last autumn to speak to the students of brokerage at the New "York Stock Exchange "Institute," SECommis-sioner William Orville ("Bill") Douglas stirred up a teapot tempest in Wall Street by unburdening himself on the "unestablished value" of customers' men, a financial tribe marked for early SEC attention. Referring to the "practice of gentlemen teaching gentlemanly ways of redistributing the wealth of their clients," tart-tongued Bill Douglas went on to observe...

Author: /time Magazine | Title: Business: Cynic on Grumpsters | 4/5/1937 | See Source »

...Brokaw, and 25 other rich Long Islanders obtained orders requiring Tax Commissioner John F. Neafsey to show cause why they should not get their taxes lowered in Nassau and Kings counties. Last year John Pierpont Morgan obtained a $32,000 tax reduction on his Glen Cove properties. Declared Commis sioner Neafsey: "[this fight] to prevent the millionaires, who own two-thirds of the town^from putting the burden of tax ation on the small property owners . . . [will be carried] to the highest court of the land...

Author: /time Magazine | Title: People: Oct. 27, 1930 | 10/27/1930 | See Source »

...Ronald Lindsay of Britain and Ahmed Mouhtar of Turkey, many a foreign minister, Governor Frank G. Allen and Mayor James Michael Curley stood for an hour saluting regimental colors. When the last of the parade had passed, the Governor, the Mayor and Tercentenary Commis- sioner Herbert Parker made speeches on Boston's history, praised the Puritan fathers. Aged Robert Grant, Boston's famed author-judge (The Confessions of a Frivolous Girl, Yankee Doodle, The Knave of Hearts, The Bishop's Granddaughter; member of Governor Fuller's advisory committee on the Sacco-Vanzetti case in 1927) read a poem. Herewith...

Author: /time Magazine | Title: God Save the Commonwealth | 7/28/1930 | See Source »

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