Word: clark
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Dates: during 1940-1949
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Said Attorney General Tom Clark: "This case is one of the largest and most important in the history of the antitrust laws." Said the accused: "Utter nonsense," "fantastic," "ridiculous." With such give & take, the long-heralded battle between the Government and Wall Street's investment bankers was finally joined last week. Thanks to newspaper stories that "leaked out" to Washington reporters in the last month, Wall Street was not surprised by the civil suit filed in a New York district court by the antitrust division of the Department of Justice. It charged 17 of the biggest U.S. investment banking...
Lesser restraints were asked for the other eight because, said Clark, to prevent these companies from acting jointly might discourage rather than promote competition. The Government was thereby forced to acknowledge what will probably be one of the strongest arguments against its case: the fact that many security issues nowadays are so huge that underwriters have to work together to sell them...
...suit raised a touchy point: would Defense Secretary James Forrestal, Commerce Secretary Harriman, Assistant Secretary of State Draper, et al., all high in the Administration and all ex-members of defendant firms, be dragged into the suit? No, said Clark. Only officials currently in the firms are affected. But the case might still be politically embarrassing to the Administration. The Russians, who have been bitterly attacking ex-Wall Streeters in the Truman Administration, would scarcely overlook a chance to fire another round with ammunition furnished by Tom Clark...
Lesson. In Ionia, Mich., a thief Willis Clark had chased out of his garage returned a couple of hours later with a pistol, robbed Clark of $200, remarked virtuously: "That will teach you to treat people better...
...October 19 committee sessions themselves the Student Activities Center had to be discussed in terms of the $3,000,000 plus dollar-for-dollar endowment estimate provided by the University architects. Only after the meeting, in a hazy series of maneuvers by the Committee's Secretary, Henry C. Clark '11, apparently intended to balk publicity about the committee's activities, was a switch in figures introduced. This change was casually included in the report of the meeting. The report quoted "$3,000,000 to $4,000,000" as the Center's cost including endowment...