Word: acted
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Dates: during 1930-1939
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...keep another attack from the floor of the House, this time on the inadequacy of Britain's antiaircraft units, the Chamberlain Government last week was prepared to go so far as to invoke the dread 1920 Official Secrets Act, intended for espionage cases, against...
...Secretary Hore-Belisha hurriedly dumped the case in the lap of the Prime Minister, who advised action by Britain's Attorney-General, Sir Donald Somervell. Early last week the Attorney-General informed Sandys that unless he revealed the source of his information, the Official Secrets Act would be applied, making him liable to a two-year prison sentence. Sandys refused. The Army Council then created a three-man board of inquiry, headed by General Sir Edmund Ironside, governor and commander-in-chief of Gibraltar, which promptly summoned the M. P. to appear for trial...
...trouble with "gentlemen's agreements" to stabilize prices, according to the industrial engineering firm of Ford, Bacon & Davis, is that 60% of the agreers are gentlemen, 30% just act like gentlemen and 10% neither are nor act like gentlemen. Result in the early years of the steel industry was that every price pool ended in price chaos. Then along came a gentleman who also carried a big stick-stern Judge Gary of U. S. Steel Corp. Since Big Steel at the turn of the Century had 65% of the total ingot-steel capacity, Judge Gary could easily knock into...
This year, storm clouds again began to gather. With a new Depression, Franklin Roosevelt took to grousing about the rigidity of steel prices. The Federal Trade Commission launched an attack on the basing-point system used by the cement industry (TIME, April 25). Then came the Wheeler-Lea Act which had a minor clause making all unchallenged past orders of the FTC automatically effective unless the respondents filed an appeal before May 21. Recalling that FTC's order ending "Pittsburgh Plus" had never been challenged, since the company consented to the action, Big Steel hastened to file an appeal...
...though power companies require heavy capitalizations that make financiers their logical bosses, SEC believes that systems of operating companies pyramided to a peak in Wall Street offer too many chances for overcapitalization at the expense of stockholder and consumer. This was the basis of the Public Utility Act of 1935, which United and its fellows have fought...