Word: worthlessness
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...that the Carpenter plan would be better for them in the end. Declared Judge Willis last week: "We must all concede that in such obscure matters as pertain to the actuarial aspect of the life insurance business, we know very little-so little that our own personal judgment is worthless. So we have to look to those who know." Loser though he was, Lawrence Mario Giannini, heir apparent to his father's banking throne, announced: "I sincerely hope the plan will succeed." Meantime Commissioner Carpenter prepared to journey to Hot Springs, Ark. for a convention of the National Association...
...important area which they have occupied. Of the 68 branches of the Bank of Spain, 38 were under regular White administration, and the German Government, in extending diplomatic recognition, confirmed so far as the Reichsbank is concerned the regulation of Generalissimo Franco that a Spanish bank-note is worthless unless it bears his Fascist stamp...
...objected to the proposed Philadelphia Co. reorganization as ''a gigantic racket engineered by insiders." Subsequently he approved it, became a director. Also omitted from the true bills were Joseph E. Widener, who was a Philadelphia Co. director, and Clerk Pennington who signed the worthless bonds...
Baragwanath never understood how he was duped with a salted mine, or why he was not fired for buying it. His swindle was minor compared to some he has heard of since : an old farmer in Georgia who tricked experts and promoters into paying $150,000 for worthless gravel; the celebrated Mulatos salting by which an exhausted mine was sold for $1,575,000. Baragwanath's friend Joslin met a still trickier game. Inspecting a claim near Porcupine, Canada, Joslin reported that it was salted, took no samples of the rock into which the gold had obviously been pounded...
...with a spirited plea for social justice. Hotly he cited the case of Bethlehem Steel Co., which, he charged, brought 7,500 workers to Lackawanna, N. Y., discharged 6,000 of them during Depression, even tried to evict them from company houses so that it could tear down the worthless buildings and thus lower its tax bill...