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Conservative Wall Street brokers last week were flabbergasted by a spirited defense of stock trading which, to many, signified a major sociological shift. Bishop James Cannon Jr. of the Methodist Episcopal Church, South, who could speak for a vast rural constituency, had declared stock trading on thin margin was not gambling, was therefore not immoral. One reason for his vigorous declaration in behalf of Wall Street stock business was that he himself had been caught playing the market through a bucket-shop firm, now closed...

Author: /time Magazine | Title: POLITICAL NOTES: Instrument of Service | 8/12/1929 | See Source »

Declared Bishop Cannon: "I had been brought up with the general idea of country and small town people that all trading in Wall Street stocks was gambling...

Author: /time Magazine | Title: POLITICAL NOTES: Instrument of Service | 8/12/1929 | See Source »

...More commodious, more comfortable than the rest were the rainproof, U. S. wall tents. Lent by the U. S. Army, some had boarded floors, ventilators. "American millionaires," sneered other scouts...

Author: /time Magazine | Title: Foreign News: Millionaires | 8/12/1929 | See Source »

...British Museum can also raise $165,000 within a year and pay that to Mr. Morgan, they can also keep the famed Bedford Book of Hours, also purchased last week for the quiet, cultured gentleman whose office is at No. 23 Wall Street...

Author: /time Magazine | Title: Foreign News: Luttrell Psalter | 8/12/1929 | See Source »

...couple. Last week Miss Lewis charged that: In Manhattan Mr. Bohnen tried to make her leap from a window; in Paris he dragged her around by the hair; in Berlin he banged her head against a door until the hinges broke; in Los Angeles he slammed her against a wall. After a settlement had been made outside court, Miss Lewis said, "He is a fine man and I love him. It seems that we cannot live together...

Author: /time Magazine | Title: Milestones: Aug. 12, 1929 | 8/12/1929 | See Source »

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