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...companies have accumulated too much power over too much of the U.S. Shanks has acted as spokesman for the industry in its defense before congressional committees. Once, testifying before a House monopoly subcommittee, he outlined his aims so lucidly that even New York's New Dealing Representative Emanuel Celler was mollified. Said Celler: "Shanks made the best impression of all. He indicated an awareness that insurance companies, due to their size, must exercise social responsibility." Actually, Shanks is not worried that the industry is too big. Rather, he worries that it is too small. As the U.S. economy grows...

Author: /time Magazine | Title: INSURANCE: Chip off the Old Rock | 3/18/1957 | See Source »

...Federal Court in Manhattan's Foley Square had not been so lively since Estes Kefauver interviewed Frank Costello. A House Judiciary subcommittee, holding hearings on monopolistic practices in the broadcasting industry last week, wound up testimony from leading tunesmiths, lyric writers and librettists. Upstaging Committee Chairman Emanuel Celler were Librettists Alan Jay (My Fair Lady) Lerner, Oscar (South Pacific) Hammerstein II, Dorothy (I Can't Give You Anything But Love, Baby) Fields and Otto (Roberta) Harbach; Composer Stanley (What a Difference a Day Made) Adams, Occasional Songwriter Billy (Barney Google) Rose. Their statements were all designed to show...

Author: /time Magazine | Title: Music: Sour Notes in the Courtroom | 10/1/1956 | See Source »

Last week the Government career of Peter Strobel seemed to be drawing to an end after three days of hearings before Representative Emanuel Celler's House Judiciary subcommittee, which is probing possible conflict of interest of businessmen in Government...

Author: /time Magazine | Title: GOVERNMENT: Conflict of Interest? | 11/14/1955 | See Source »

...some politicos, who have always found bankers a popular target, the merger trend is cause for alarm. Cried Brooklyn Democrat Emanuel Celler, chairman of the House Judiciary Committee: "An alarming concentration of financial power in the hands of a few banks." Celler is busily pushing a bill to restrict mergers, and has lined up top Administration support behind it. Both Trustbuster Stanley N. Barnes, who has investigated some of the mergers, and Federal Reserve Board Chairman William McChesney Martin have come out in favor of the bill. While they feel that the mergers probably have not caused any lessening...

Author: /time Magazine | Title: BANK MERGERS,: Catching Up with the Rest of the U.S. | 9/12/1955 | See Source »

After the guffaws died down, Celler switched from Secretary Weeks to the council's Executive Director Walter White, ordered him to bring along all his files. For a full day Celler and his committee staff questioned White, who came to the stand with a giant packing box filled with old press handouts and one thin folder of financial documents. Secretary Weeks, said Witness White, had refused him permission to bring along B.A.C.'s official files, which fill 35 cabinets. Celler cried that B.A.C. is "a sort of hybrid organization ... It may do a great deal of good...

Author: /time Magazine | Title: GOVERNMENT: The Fisherman | 8/22/1955 | See Source »

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