Word: wall
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Dates: during 1930-1939
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Last week, bluff, ruddy Leader Hines (having complained that New York City was no fair place to try a Tammany man) stood with eight co-defendants before the bar of Justice Ferdinand Pecora. Sturdy little Justice Pecora, who made his own mark investigating Wall Street for the Senate in 1933, had followed the Dewey proceedings with an expert eye. He bristled when defense attorneys thrust on his attention that Defendant Davis, who had agreed to turn State's evidence, had used the jail leaves (arranged by Mr. Dewey's office to permit him to see his doctor...
...eventually, William McChesney Martin Jr. is likely to turn again to playwriting, and if he does he will have no finer subject than Wall Street's most astonishing year. This week marks the completion of that year, the most crucial in the Stock Exchange's 146 years...
...stables: SEC issued a new rule sharply curtailing short sales. Thus spurred, the Exchange endorsed the Conway recommendations at once. Richard Whitney again mobilized his opposition, but early in March came the event which definitely delivered the battle into reform hands-Whitney, so long the White Knight of Wall Street, was a thief...
...chairman of the new board, he soon became the obvious choice for president. At first it was planned to give this vital job to some high-powered bigwig. But as the new management completed the reorganization, it became apparent that no better symbol of the new day in Wall Street could be found than 31-year-old Bill Martin. Six weeks ago he got the job at $48,000 a year. As if in benediction of the choice, the market simultaneously vaulted from its rut, has since soared steadily...
...Froth. About the only objections anyone in Wall Street had to making Bill Martin the first paid president of the Exchange were his extreme youth and the fact that he never wore a hat. Nothing could be done to increase his years, but as a condition of his election he was led aside, told he would have to wear a hat. That he now does as punctiliously as he does everything else...