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...great deal less partisan and petulant sounded Philip Murray's Industry Council Plan. As a substitute for $1-a-year men and the confusion of Government boards and bureaus overlapping one another like shingles on a roof, Murray would set up over each basic industry a council of workers and managers, presided over by a Government-appointed chairman. Councils would coordinate all the facilities, materials, manpower in their separate industrial fields, so that steel, for example, would pour out as though from one great nationwide plant. Over all the councils would sit a National Defense Board. His plan, said...
Alumni, casting sentiment to the winds, tried to force Old Zup to resign, even offered him a $6,000-a-year pension. When he refused, they tried to have him ousted. Last summer, in a bitter showdown, Zuppke won over Athletic Director Wendell Wilson, head of the anti-Zuppke faction. Since then, it has been common campus gossip that the little Dutchman, his honor vindicated, would resign at this season...
...Lexington, Ky., in the U.S. tobacco belt, Thurman Arnold's anti-trust prosecutors this week won the biggest criminal prosecution ever brought to court under the Sherman Act. The $1,000,000,000-a-year tobacco industry's "Big Three" and 13 top executives were convicted by a jury of monopoly, conspiracy and price-fixing. The list of those convicted looked like a "Who's Who" of the industry: > American Tobacco Co. (Lucky Strikes) ; President George Washington Hill; Vice Presidents Paul M. Hahn and Vincent Riggio. Also convicted were American Suppliers, Inc. (an American subsidiary...
Psephomancy, the antique Greek art of divination by plucking pebbles from a heap, is today a $2,500,000-a-year study of the U.S. oil industry. Its present name is micropaleontology, and its new methods were explained last week at the University of Chicago conference (see p. 63) by Geologist Carey Gardiner Croneis...
Super markets (defined by Guernsey as self-service groceries with at least a $100,000-a-year gross) buy groceries in carload lots, move them directly from freight car to customer; Super Market Merchandising estimates their operating costs at 12.9% (v. 19% to 21% for chains and 22% to 25% for most independents). As an economical method of distributing food, they got the blessings last week of not only Guernsey but also Corwin D. Edwards, who is in charge of the Justice Department's anti-trust investigation of the food industry...