Word: year-long
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...President Thomas George Lee of Armour & Co. Mr. Bane's oral ruling came as the final spasm in a year-long nightmare. Mr. Lee, who pulled profits out of Armour last year for the first time since 1930, tried to reorganize the packing company last summer but various stockholder groups blocked him at a rowdy meeting in August. Salaries next became the target for the protective committee's publicity. Months of wrangling over a new board revealed that Frederick Henry Prince, crusty septuagenarian banker of Boston, had become Armour's biggest individual stockholder. Last January another rowdy...
That economically and politically speaking, the world is very sick, even professors now admit; from every side come invocations of cure-alls and magic panaceas. Not the least bewildered by this year-long shower of ideological bonbons is the college man, who of all people should be attempting to view the situation with practical and theoretical clearness. To help him do this, New York University has begun a course of lectures, given once a week, on some topic of world economics, politics, or social problems...
...secret folds sufficiently to learn that the company's listed assets of "$92,000,000 in Government and other marketable securities" had declined $28,000,000 in book value (TIME, May 8). At the same time, Frank Altschul, chairman of the Stock Exchange List Committee, made public a year-long file of correspondence between his body and Allied Chemical. Mr. Altschul, Lazard Freres partner and brother-in-law to New York's Governor Lehman, had politely and persistently asked for a complete statement of the company's financial setup. Just as persistently and politely the company-that...
...York citizens, in spite of a year-long muckraking inquiry into the city government, which is Tammany Hall, swept the Hall into complete municipal control once more. The Democratic State organization had hoped to elect a majority to the Assembly and thereby emasculate the Legislature's investigation of New York City officialdom, but when the vote was counted the Assembly was still Republican by a working majority of 5. The investigation will continue...
...Cardinal Gasparri. Greatest living authority on canon law, in 13 years he codified its chaos. Once he might have been Pope. When Benedict XV died (1922), it was said that Gasparri received 28 votes on the first ballot, withdrew in favor of Achille Cardinal Ratti who had become through Gasparri's influence first papal librarian, then cardinal. Climax of the Gasparrian career was the Lateran Treaty with the Italian State, restoring in part the temporal sovereignty and possessions of the Pope, ending the 59-year-long papal "imprisonment." His resignation will probably not take effect before the first anniversary...