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...that such a traditionally conservative institution as a bank should choose such a mode of expression; and extraordinary that it should denounce such an established institution as the Congress of the U. S. Already one can hear radicals ejaculating : "We are accused of attacking our institutions 'but here is Wall Street,* the conservative banking interests, doing the same thing with impunity!" As a matter of fact, the radicals can have less honest objection to such a mode of procedure than if the Harriman National Bank spent its money in devious ways to buy influence at Washington or to subsidize...

Author: /time Magazine | Title: True Democracy | 9/15/1924 | See Source »

Burton K. Wheeler opened his big guns on Boston Common, declaring: "Instead of a government of the people, by the people, for the people, we have a government of Wall Street, by Wall Street, for Wall Street...

Author: /time Magazine | Title: National Affairs: The Grand Prize | 9/8/1924 | See Source »

...horrible crime has stirred them to deeds unthinkable in calmer and more dispassionate moments? By no means. The spirit of mob violence has degenerated, if such a thing can degenerate, lower than the point at which it starts, to a stage where the most trivial incident can pierce the wall of soap-bubble thickness which divides law from anarchy in many States of the South. As H. L. Mencken declared in one of his essays, lynching takes the place of the merry-go-round, and offers a periodic relief from the tension of drab existence in Southern towns." This...

Author: /time Magazine | Title: Books: Green Hat* | 9/8/1924 | See Source »

...attack was unexpected. A friendly receivership, to be followed by a reorganization, was expected in Wall Street, although denied by the committees working on the matter. This expected development will be greatly complicated by the action of the obscure 25-share partner in the business. At recent market prices, Dr. Klein's stock is worth about $100; yet his claim for a receivership involves assets valued at $120,000,000. This apparent step toward throwing a monkey-wrench into the Company's machinery should provoke a lively tilt in the Courts when the question of a permanent receivership...

Author: /time Magazine | Title: Business & Finance: Wilson & Co. | 9/8/1924 | See Source »

...Government bonds is due to other financing which is thereby being held up. Germany and Europe generally are short of working capital. It is to be expected that many foreign cities and private companies may seek U. S. capital by offering their stocks and bonds to our investors via Wall Street. Naturally investors will hesitate to invest in such securities until the stability of national government loans seems assured. A German loan is in consequence somewhat of a "curtain-raiser" to a period of numerous and extensive foreign loans...

Author: /time Magazine | Title: Business: Coming Loans | 9/1/1924 | See Source »

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