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...Philadelphia's Anthony Joseph Drexel ("Tony") Diddle Jr. were among the directors of Acoustic Products Co., which later became Sonora Products Corp. of America. When Sonora went bankrupt and Irving Trust Co. became its receiver, that Manhattan bank charged that Sonora's directors had personally used an option owned by the. company to buy De Forest Radio Co. stock for 50? a share, then selling the stock at market prices and pocketing fat profits. Harris Hammond and three other directors were found liable for more than $2,000,000. "Tony" Biddle in 1935 compromised his claim and sailed...
...often politics not Law decides whether a Governor extradites a man wanted for trial in another State. Last week Law asserted its rights in two distant States. In California, Attorney General Ulysses Sigel Webb ruled Governor Frank F. Merriam had no option, must surrender La Verne Moore, fabled super-golfing mystery man known for seven years as John Montague, to New York State to stand trial for alleged participation in a roadhouse robbery in 1930. This despite appeals for Montague by Bing Crosby, Guy Kibbee, George Von Elm, et al. Promptly John Montague's attorneys flew their appeals East...
...George Macrae (Don Ameche), a successful musical comedy librettist, that Judith is wasting her time as a playwright. Although this impression is confirmed when Macrae and Producer Sam Gordon (Charles Winninger) read her dismal drama, North Winds, in which the principal characters all freeze to death, they take an option on it as a means of persuading Judith to sing in their forthcoming show. When both rehearsals and romance are upset by jealous Lulu Riley (Miss Hovick), Macrae gets everything running smoothly again by the miraculous expedient of converting North Winds into a hit musical...
Last week Cissy Patterson signed a contract leasing both the Herald and the Times for five years, with an option to purchase them at a predetermined price...
...ought to be paid $20,000 a year, given lifetime jobs, if Congress was determined to give any men such powers. He filed 28 typed pages of suggested changes in the bill. Sears, Roebuck's President Robert E. Wood felt that instead of permitting the Board at its option to employ advisers in fixing wages & hours for a particular industry, they should be compelled to appoint advisory wage committees...