Word: chryslers
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Dates: during 1930-1939
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...requested Chrysler Corp. to penalize four of 60 Plymouth body handlers who sat down for higher wages. Temporarily out were 21,900 others who could not work when the flow of auto bodies halted. In Washington John Lewis grabbed a long-distance telephone and bawled out Executive Boardman Leo Lamotte, whom Mr. Lewis blamed for the trouble. Boss Lewis was concerned because he had just had C. I. O. avow that it would religiously observe its contracts...
However, if a voluntary plan is submitted by defendants, which not only eliminates the practices complained of but goes farther and offers provisions in the public interest . . . it will be considered. . . ." In short, before the Department of Justice would call off its suit. Ford and Chrysler had to agree to stop doing something they had a legal right to do. Warned Thurman Arnold: "The decrees in the present cases may become most important precedents in preventing the misuse of advertising power in other fields...
...Conference could take no official resolutions on the Chrysler and Ford consent decrees because they were still awaiting acceptance or rejection this week by Federal Judge Thomas D. Slick of South Bend, Ind.* Judge Slick's decision is complicated by the fact that General Motors refused to make terms with the Department of Justice and its suit will therefore be prosecuted shortly. Smart Ford and Chrysler lawyers stipulated in their consent decrees that if General Motors wins the decrees are invalid, since General Motors would then have a competitive advantage...
...General Motors Acceptance Corp. Commercial Credit Co. (Chrysler), Commercial Investment Trust (Nash, Hudson, Studebaker), and C. I. T.'s subsidiary, Universal Credit Corp. (Ford...
...shares) on the New York Stock Exchange since Oct. 21, 1937, National Steel rose 42 points, Du Pont 4 points, both reaching new highs for the year, 151¼. Close behind was Bethlehem Steel with a 3¾-point advance. U. S. Steel rose 3¼-points, Chrysler 2½. The New York Times index of 50 stocks made a net gain of 2.52 points, biggest post-election-day advance since the index was started 27 years ago. Two hundred and one stocks hit new 1938 highs...