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...Judge Manton appointed Thomas E. Murray Jr. receiver for New York City's biggest subway, Interborough Rapid Transit-a procedure normally performed by inferior District Court judges. For this the U. S. Supreme Court criticized Circuit Court Judge Martin Manton and he withdrew from the I. R. T. case though Receiver Murray remained. Last week a U. S. Attorney revealed that Thomas E. Murray Jr. owned about 16% of the stock of Forest Hills Terrace Corp., another Manton enterprise...
...Dictator Franco began making more demands. He wanted France immediately to turn over to Spain 410 interned armed trawlers and merchant ships of the now defunct Spanish Republic. He demanded $13,000,000 worth of war material that had been shipped from Soviet Russia and was held up in transit in France. He asked for about 100 airplanes and motors, still in crates, that were also in France. Not less interesting to the Generalissimo was $39,000,000 in gold francs deposited by the Loyalists in the Bank of France. El Caudillo omitted to say anything about...
...procession filed through the Basilica, Pius XII was halted thrice. Before him a master of ceremonies thrice lit wisps of flax, chanting: "Sancte Pater, sic transit gloria mundi." Thus was the Visible Head of the Holy Church reminded that, even for him, the world's glories pass...
When peppery little Mayor Fiorello LaGuardia took office in 1934, he designated Samuel Seabury and A. A. Berle Jr. to try again. Their $436,000,000 proposal was rejected after public hearings by the Transit Commission as too high. This brought bitter words between the commission and Mayor LaGuardia. but last year they got together for a final...
...previous merger proposals, subway bondholders would have exchanged their securities for bonds issued by a Board of Transit Control and not guaranteed by the city itself. Last year, at the November election, voters passed an amendment to the constitution allowing the city to exceed its legal debt limit by $315,000,000 to effect transit unity. And by last week, when the city offered $175,000,000 for B. M. T. alone, Chairman Dahl was glad to take it, for depression and competition from the Independent have continuously weakened his position. That leaves the city $140,000,000 in City...