JUDICIARY: Scuttlers Scuttled

"I want it understood," said New York's bald little Governor Herbert H. Lehman last week, "that in no way do I subscribe to the theory . . . that because a bill has been passed by two successive Legislatures it is my duty to sign it." Thereupon, for the second time in a year, Governor Lehman vetoed a bill which would have scuttled the Federal receivership business of New York City's biggest bankruptcy trusteeĀ—Irving Trust Co. of Manhattan. In open legislative hearings, before it was passed by a large majority, a committee...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!