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With ex-Justice George Sutherland he concurred in two other now-famous decisions which typified the conservatives' views: the 1927 journeymen stonecutters' case, the 1930 Baltimore Street Railway case. In the first the conservatives granted employers an injunction against union stonecutters who refused to work on nonunion stone shipped into their territory. In the second, conservatives ruled that a fare fixed by the State of Maryland, which permitted the railway a 6¼% rate of return, was "confiscatory," that the company was entitled to a return of 7½% or more...

Author: /time Magazine | Title: JUDICIARY: Solid Man | 11/27/1939 | See Source »

There was soon some criticism of Banker Cummings. In his spare time he was Treasurer of the Democratic National Committee. Another full time job he held down (at $15,000) was as trustee of the bankrupt Chicago, Milwaukee, St. Paul & Pacific Railway. He was also a co-receiver for Chicago Railways Co. and director of half-a-dozen big U. S. corporations, among them the Maryland Casualty Co., then in debt to the RFC to the tune of $17,500,000. The late great Republican Senator James Couzens moved to investigate the ethics of Mr. Cummings' $90,000-plus...

Author: /time Magazine | Title: BANKING: Out of Hock | 11/27/1939 | See Source »

...steel companies (excluding U. S. Steel) whose net went from $17,835,000 in the hole to $25,811,000 profit; five building equipment makers, up from a $930,000 loss to $3,522,000 profit; 25 machinery builders up from $4,479,000 to $10,329,000; eight railway equipment suppliers-from minus $2,566,000 to plus $4,075,000; General Motors, up from...

Author: /time Magazine | Title: STATE OF BUSINESS: Measurements | 11/13/1939 | See Source »

...hour later venerable King Gustaf V, 81, was at the Stockholm railway station and Swedish newshawks watched attentively to note how many kisses His Majesty would bestow on his fellow sovereigns Danish King Christian X, 69, and that monarch's brother, Norwegian King Haakon VII, 67. In 1905 Norway abruptly broke away from union with Sweden, electing the Danish "Sailor Prince" Karl to become King of Norway as Haakon VII, and for many years afterward Swedish resentment over this remained keen. Thus in 1914, when Gustaf V asked the Scandinavian sovereigns to meet him at Malmo, Sweden, to adopt...

Author: /time Magazine | Title: NORDIC STATES: Mighty Fortress | 10/30/1939 | See Source »

Reds in Riga. No. 2 on Stalin's Baltic list is Latvia and this week its entire General Staff went down to the railway station in Riga to greet a Soviet Military Delegation which arrived to see about establishing Red Navy, Army and Air Force bases. Although these mean the rid of Latvian independence, the General Staff made the best of a sad occasion, banqueted their Soviet guests...

Author: /time Magazine | Title: RUSSIA: Tug of Power | 10/23/1939 | See Source »

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