Word: carboloy
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Dates: during 1940-1949
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...After Thurman Arnold declared that he would prosecute his anti-trust case against General Electric and Carboloy Co., Inc. (TIME, April 27), his boss Attorney General Biddle called it off, on the Army & Navy's advice...
...room was hot and tempers hotter. The Justice Department was conducting a drive along the lines of its Standard Oil action three weeks ago (Time, April 6, et seq.). Gape-jawed Senators were told that General Electric (through its subsidiary Carboloy Co., Inc.) and Remington Arms (Du Pont-controlled) had conspired with German munitions interests (Krupp and I. G. Farben) to monopolize vital war materials, restrict their availability to the U.S. and Britain. Angry Carboloy and Remington officials made the familiar reply: if they had not made a deal to get.the German patents, the U.S. would have entered...
...Carboloy's was cemented tungsten carbide, an exceedingly hard metal composition important for cutting tools. Remington Arms' was tetracene, an ammunition primer, which, the Justice Department contended, the ever-logical Germans licensed Remington to sell to the British "for shooting quail and pheasants but not for shooting Germans...
...also indicted (along with its subsidiary Carboloy Co.) for a 1928 patent deal with Krupp on tungsten car bide alloys. President L. Gerald Firth of Firth-Sterling Steel Co., one of Carboloy Co.'s three licensees, applauded...