Word: bond
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Free on $5,000 bond and back in his hotel suite, Fall issued a 3,000-word statement to the public. Said he: "I ask the American people not to believe me guilty of the damnable crime [bribery] of which I am innocent." He admitted only "two grave errors:" 1) "Borrowing" $100,000 from Doheny; 2) Attempting to hide its source from the Senate investigating committee "by an untruth...
...received when, as U. S. District Attorney, he prosecuted some minor ramifications of the oil scandals (TIME, March 12, 1928). No man to let past favors interfere with the course of justice, Judge Gordon found the three newsgatherers in contempt, sentenced them to 45 days in jail, denied them bond. The Times prepared to pay them double salaries during their imprisonment. Its lawyers the next day secured their release on a writ of habeas corpus from Justice Frederick Lincoln Siddons...
...Foshay, born in Ossining, N. Y., started out to be an artist. But his father's business failure put an end to his art courses at Columbia University.* For four years he worked with the New York Central Railroad Co., later he joined Electric Bond & Share Co. His career, however, did not start until the day he walked into Minneapolis, independent, 36, with little money but a shrewd knowledge and liking of public utilities. His plan: to own and operate public utilities. His method of finance: selling Foshay securities to the public. Within one year he owned public utilities...
...Russia; 2) The Ukraine; 3) Armenia; 4) Uzbek; 5) Georgia; 6) Azerbaijan; 7) Turcoman. The joker is that all of these "independent republics" are federated with the Moscow Government of "Russia Proper," officially the R. S. F. S. R. or Russian Socialist Federal Soviet Republic. In theory the federal bond can be cast off by any Independent Republic at its sole discretion, but in practice such a step would bring Red Army divisions hot from Moscow...
...Twentieth Century with a bad cold, went quickly to his office in the 2 Rector St. building. He telephoned a large Stock Exchange house, said he thought there would be trouble but "just call on me for anything you want." A few hours later stock of his gigantic Electric Bond & Share which had recently reached a high of 189 sold for 91. A few days later, it sold...