Word: unites
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Dates: during 1930-1939
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...feathers began to fly. Last week they flew. As organized heretofore, the FCC consisted of three principal departments-Telephone, Telegraph and Broadcast, each with its own $7,000-a-year director. In Washington last week, Chairman McNinch announced that henceforth the seven-man commission would function as a single unit. Said he: "It is a cause of regret to the commission that the move to abolish the divisions automatically abolishes the directors...
...Unit v. Branch. The A. B. A.'s avoidance of New Deal criticism goes back three years to its convention in Washington when the rank & file were hot for fu mination against liberal finance, but the big banks forced through a policy of passing the peace pipe to President Roosevelt (TIME, Nov. 5, 1934). Next year in convention at New Orleans this same issue boiled over in an action almost unprecedented in A. B. A. history-a hot contest for election of officers. By A. B. A. procedure each year's president is actually selected two years ahead...
...unit bankers are numerically tops, but financially they yield to the big city banking chains. In convention at San Francisco last year some unit bankers talked about withdrawing from the A.B.A. unless given more say in its management and announced they would demand a change in the A. B. A. constitution supporting the established dual (state and national) banking system. Last week a few of them took the step of hiring separate headquarters but further separation was unnecessary, for the big branch banks yielded without a struggle. Instead of a constitutional change, however, they deftly compromised on a resolution...
...line to follow President Adams is 55-year-old Philip Adolphus Benson, president of Brooklyn's Dime Savings Bank and therefore on the unit banker side. Elected second vice president last week was Robert March Hanes, president of Wachovia Bank & Trust Co., Winston-Salem, N. C. A 47-year-old graduate of the University of North Carolina, he comes of a socially prominent family, is a Democrat and a Methodist, saw active service in the War. He was chosen for his important heirship-apparent largely because he is a fine example of the important, but independent, banker...
Ellen Wilson McAdoo, 22, daughter of California's Senator William Gibbs McAdoo, granddaughter of President Woodrow Wilson, made her professional singing debut as a lyric soprano with a WPA Federal Music Project unit in Glendale, Calif...