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Years ago-30 anyway and perhaps 40-a bill was introduced in Congress providing that our country be known henceforth as "Usona," short for United States of North America [TIME, March 13 et seq.]. Whereupon John Sharp Williams of Mississippi moved as a substitute that instead of "Usona" the name be "Weuns." The bill got no farther...
...year after TVA's simmering, saintly Chairman Arthur Ernest Morgan got himself fired for quarreling publicly with co-Directors Harcourt Morgan and David Lilienthal (TIME, March 14,1938, et seq.), a joint House & Senate committee which investigated his complaints that the TVA had been mismanaged last week produced three findings...
...more than a year Manhattan's Guaranty Trust Co. has been smoothly squelching Financier Robert Young in a spectacular battle for control of the rich Chesapeake & Ohio Ry. (TIME, April 25 et seq.). Robert Young controlled the common stock of Alleghany Corp., top holding company of the oldtime Van Sweringen railroad domain. But Guaranty was trustee for three Alleghany bond issues under an indenture which specified that whenever the collateral (including Alleghany's C. & O. holdings) behind them fell below 150% of their face value, the bank could impound it. When the collateral so fell, the bank impounded...
Added this week to the union musicomedy Pins and Needles (TIME, Dec. 20, 1937, et seq.) was a peace skit called Papa Lewis, Mama Green. Excerpt...
When 63 gassed, weeping, retching sit-downers fled from two North Chicago plants in 1937, they presented U. S. Labor and jurisprudence with the celebrated case of NLRB v. Fansteel Metallurgical Corp. (TIME, March 1, 1937, et. seq.). Issue: Sit-down v. Property...