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...years ago the Senate committee investigating the Department of Justice suspected that alleged graft by the "Ohio Gang" had-been deposited in the Midland National. When Senators Wheeler and Brookhart went to Washington Courthouse to inspect its records, Mai Daugherty defiantly refused them access to his bank. He was cited for contempt of the Senate. The Supreme Court upheld the citation long after the Daugherty issue had passed into history. Hence the case against him was dropped...

Author: /time Magazine | Title: National Affairs: Daugherty Bank | 5/26/1930 | See Source »

...Miller & Co., investment securities house, who has been Loft president since the Lofts left. Meanwhile Charles G. Guth, onetime head of Mavis Candies, Inc. (bought by Loft in April 1929 for $1,000,000), has been elected Loft president by another stockholding group which is demanding access to the records. The Delaware-Chancery Court (Loft has a Delaware charter) has appointed a chancery master to settle the dispute...

Author: /time Magazine | Title: Business: Controversies | 3/31/1930 | See Source »

...Baltimore & Ohio appeared well on the way to realize its consolidation ambitions. It announced that during 1929 it had acquired more than 250,000 shares of Reading stock, clinching once for all its control of the road over which it gains access to New York. An even more decisive step forward was the approval by the I. C.C. of the B. & O.'s petition to acquire the Buffalo, Rochester & Pittsburgh, for which it has long been angling. This prosperous coal road is a very desirable strategic link between Buffalo and Pittsburgh, the two Great Eastern Gateways. Over...

Author: /time Magazine | Title: Business & Finance: The Railroad Week | 2/24/1930 | See Source »

...South America, in French Guiana. Due to the urgency of Compagnie Generale Aeropostale, a French government-subsidized line running from Buenos Aires to Natal, Brazil, the French government has forbidden NYRBA landing at or flying over French possessions, unless NYRBA carries mail for Aeropostale and gives the latter access to its airports. The U. S. State Department last week was chaffering with the French government on this matter. Watching the situation was not only NYRBA and Aeropostale, but also the German Condor Line which also parallels much of the Aeropostale route, and Pan American Airways which intends to parallel NYRBA...

Author: /time Magazine | Title: AERONAUTICS: Latin American Notes | 2/17/1930 | See Source »

...continuing to expound the benefits of her art, the palmist explained that if one's hands are in a deplorable condition, foretelling only the darkest of future events, there is easy access to the medium of Astrology which might very likely afford a more favorable report. As a last resort this clever person can with equal skill turn to card reading...

Author: NO WRITER ATTRIBUTED | Title: Professors, Business Men, and Wellesley Girls are Patrons of Palmists' Art--Mysteries of Exams May be Close at Hand | 2/11/1930 | See Source »

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