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Greatest single U. S. bank crash was that of New York City's slyly named, shyster officered Bank of United States, which last December closed the doors of its 59 branches on 400,000 customers who had $160,000,000 deposited at the time. Investigation by the State revealed a vast tangle of suspicious irregularities. After two months eight officers of the bank were indicted for willful misappropriation of funds. Five were ordered to trial: President Bernard K. Marcus, son of the institution's founder; Russian-born Chairman of the Executive Committee Saul Singer; Counsel Isidor Jacob Kresel...

Author: /time Magazine | Title: National Affairs: Ring-Around- A-Rosy | 6/29/1931 | See Source »

...Crash, crash! went two windows in the U. S. consulate at Dresden. Plump fell a bottle on the consulate's floor. While young German Communists hooted and whistled outside, an American clerk picked up the bottle, found a note: ''We protest the execution of eight young Negro workers in Alabama. Down with American murder and imperialism! For the brotherhood of black and white young proletarians! An end to the bloody lynching of our Negro co-workers...

Author: /time Magazine | Title: RACES: Scottsboro Case | 6/22/1931 | See Source »

...those accidents will cause death. The safety features which insure the 'giro against tumbling plummet-like from the sky are not supposed to be proof against every fault of piloting. Builders of the ship may well have wondered in idle moments, How serious will be the first accident to ''crash'' U. S. headlines? Who will be the pilot? A foolish stunt flyer descending into a busy street? A drunken playboy flying into the side of a skyscraper? A witless novice slamming the controls this way and that? Last week the builders knew the answers. The accident, at Abilene...

Author: /time Magazine | Title: Aeronautics: 'Giro Crackup | 6/22/1931 | See Source »

...Putnam was scrupulous in her praise of the autogiro for the slightness of the accident. But she could not prevent the headlines which varied from MISS EARHART AVOIDS SERIOUS AUTOGIRO CRASH, through AMELIA EARHART'S AUTOGIRO CRASHES to EARHART AUTOGIRO SPINS TO EARTH IN TEXAS CYCLONE...

Author: /time Magazine | Title: Aeronautics: 'Giro Crackup | 6/22/1931 | See Source »

...yacht," also the seagoing Krupp-built Carissima. He gave big parties, was said to have been one of the semi-mythical "Big 10" bull market operators, was reputedly worth $20,000,000. He never turned bear, clung to Los Angeles real estate. The Richfield crash dazed him, ruined his health. Friends fondly predicted he would soon stage a remarkable comeback. But last week they admitted that any comeback will be contingent upon his manner of answering the charges which have piled upon...

Author: /time Magazine | Title: Business: Californians Shocked | 6/22/1931 | See Source »

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