Word: divested
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Dates: during 1930-1930
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...nature of this proposed tribunal was clearer when Mr. Baruch added: "No repressive, inquisitorial, mediocre bureau will answer; we must have a new concept for this purpose, a tribunal vested, like the Supreme Court, with so much prestige and dignity that our greatest business leaders will be glad to divest themselves of any personal interest in business and there serve. . . . Its deliberations should be in the open and should be wholly scientific...
...submitted a list of his holdings: 100 shares American & Foreign Power Corp.; 55 shares of Baltimore's Consolidated Gas & Electric; 100 shares Electric Power & Light Corp.; 400 shares National Power & Light Co. Judiciary Committee Chairman Norris wrote Nominee Thacher: "In the judgment of the committee you ought to divest yourself of the securities mentioned." Mr. Thacher sold them all at the market, so informed Chairman Norris, who replied: "Your prompt compliance with the wishes of the committee will be highly satisfactory." Promptly, unanimously the Judiciary Committee approved the Thacher appointment, advised the Senate to confirm him as Solicitor General...