Word: subpoenae
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...Exchange's members, a study of some 10,000,000 accounts of customers with brokers. The Exchange refused to answer, saying it had no authority to gather such information. Promptly a dozen prominent brokers were summoned to Washington for questioning and Inquisitor Pecora threatened to subpoena all 1,375 members. The brokers went, told the committee that it would cost $5,000,000 to examine their records for all the data requested, offered to answer a more reasonable questionnaire confined to larger accounts, not requiring a complete re-audit of books for the last five years. Relenting, Mr. Pecora...
Last January the grandson, Wilfred Chester Leland Jr., walked uninvited into an "old times party" at the Ford Laboratory in Dearborn and slapped into the lean hands of Henry Ford a long-delayed subpoena ordering him to appear and testify in a suit brought by a onetime Philadelphia Lincoln agency. Henry Ford never testified, but he and his son Edsel furnished depositions in which they denied, as they have always done, any agreement to pay off Lincoln's former creditors and stockholders. Last week an eleven-man jury (one was dismissed for expressing his opinion of Henry Ford ) ordered...
...world's biggest), Joseph P. Day, if not the world's biggest, easily the world's most famed realtor, and many another tycoon of finance were to be found in the aldermanic chamber of Manhattan's City Hall. They were there to testify, not under subpoena, but on their own initiative-to argue with Samuel Untermyer, baiter of stock exchanges and great corporations. Mr. Untermyer had them at a disadvantage for he was there as New York City's financial adviser and dictator of Tammany Hall's financial policy. The galleries were crowded with...
...Detroit is convinced that its banking woes were due to governmental bungling. Last week Judsie Keidan, who is investigating the Detroit fiasco in the role of a one-man grand jury, announced that he would subpoena Herbert Clark Hoover...
...Charles Edwin Mitchell's testimony before the U. S. Senate's committee investigating stockmarket operations and his forced resignation as board chairman jf Manhattan's National City bank (TIME, March 6); a Federal subpoena for his bank records for grand jury investigation of income tax evasion...