Word: alcoa
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...gathering. There was grey-haired Arthur Vining Davis, for 29 years president or chairman of huge Aluminum Co. of America. There was stocky Thurman Wesley Arnold, law professor lately made Assistant Attorney General in charge of trustbusting. Conferring occasionally with Mr. Davis was redhaired, big-boned William Watson Smith, Alcoa's trial lawyer for some 25 years. Conferring occasionally with Mr. Arnold was spry, young Walter Lyman Rice, only ten years out of Harvard Law but already a potent trustbuster. It was he and James Lawrence Fly who broke the Sugar Institute in 1933. Big as was that case...
Forest. As Mr. Rice showed it, Alcoa's management ever since the company was founded in 1888 as Pittsburgh Reduction Co. has been dominated by one idea: to control every last sale of aluminum in the U. S. Its success, claimed the prosecutor, is indicated by the fact that a $100 share in the company in 1890 has by now yielded a par value of $8,760, that some $100,000,000 has been paid in cash dividends in the past 48 years, that Alcoa admittedly controls 100% of the virgin aluminum production in the U. S., that everyone...
...earth's crust is made of aluminum (an ingredient of all clay), but only a small portion of it is extractable. A 24-square-mile area in Arkansas is the chief U. S. source of bauxite, from which aluminum is commercially derived. Mr. Rice says Alcoa controls 19? square miles of this supply, and also has vast foreign holdings. U. S. aluminum is made under the Hall and the Bradley processes. Alcoa got ownership of both patents around the turn of the century; then, realizing that when the patents expired it would no longer have its monopoly, began buying...
...American and unsportsmanlike than the fixing of prices." ¶ Pressed its antimonopoly trial of vast Aluminum Co. of America. Year ago last week the Department of Justice filed suit for the dissolution of this $236,000,000 foundation of the Mellon empire. By one legal maneuver after another ALCOA delayed the trial until it was finally scheduled to start May 2 in Manhattan. Three weeks ago the Department of Justice filed a petition to subpoena ALCOA's files on all transactions relating to its growth; seeking to limit the final trial to as few issues as possible, ALCOA promptly...
...were shot fatally, 28 wounded, in a pitched battle between strikers and peace officers outside the gates of the Aluminum Co. of America's fabricating plant in the company town of Alcoa, Tenn. Promptly dispatched to Alcoa were three companies of National Guardsmen. The Alcoa strike was called last May by the A. F. of L.'s Aluminum Workers of America in an attempt to end the wage differential between Aluminum Co.'s Northern and Southern plants (a 63?-per-hour base rate in Pennsylvania as against 43? in Tennessee). The union's offer to arbitrate...