Magazine content is available exclusively for TIME subscribers.Business: Damnation of Mitchell
"Mitchell is the ideal modern bank executive."—Carlton A. Shively, Financial Editor of the New York Sun, May 1929.* "Mitchell more than any 50 men is responsible for this stock crash."—U. S. Senator Carter Glass, November 1929.
Last week, Charles Edwin Mitchell (hair whiter but neck, biceps and calves as toughly muscular as ever) was brought to trial. He could not see his judges—they were that inchoate multitude, the U. S. people. Verdict (uttered in a vast mumble of expletives as evening headlines followed morning): that Charles Edwin Mitchell, as chairman of the...
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