Word: claytons
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Into the orderly merger between Farm Journal, No. 1 U.S. farm magazine, and Country Gentleman, No. 2 (TIME, June 20), the Federal Trade Commission last week dropped a monkey wrench. In a complaint filed under the Clayton Antitrust Act, FTC charged that the merger would give Farm Journal-Country Gentleman "approximately 51% of the total net paid circulation among the six largest competitors in the farm magazine field"-though only 24% of total farm magazine circulation-thus "lessen competition" and "tend to create a monopoly." The news surprised Farm Journal President Richard Babcock, who said that the FTC made...
...hair, green eyes, and powder-white face, she drew men in Paris and London like so many iron filings. When she was 26, four house-partying young gallants threw each other into a lake at 3 a.m., competing for her favors. This intrigued a longtime socialite bachelor named Clayton Glyn, who decided Elinor was just the girl for him. Elinor, in turn, took one look at his prematurely silvered hair and aristocratic bloodlines and decided he was the dream man she had been scribbling about in her diary...
...honeymoon at Brighton in 1892, Clayton hired the public baths for two days so that his "Lorelei" could "swim up and down alone, naked, her long red hair, which when uncoiled reached her knees, trailing in the water behind her." But in a short two years all the romance had gone from their marriage. When Elinor confided to Clayton that a friend of his had the gall to kiss her, she was heartbroken to hear her husband chuckle. "Did he? Good old Brookie!" Clayton was ardent only for a male heir. When Elinor presented him with a second daughter...
...Just as Crazy as Hell." Johnson's Texas bragging hides a long, sound business background. After a hard-knocks youth, he went to work in 1923 for Anderson, Clayton & Co., big U.S. cotton merchants, as a cotton weigher at $110 a month. He moved up fast. "In 1938," he recalled, "I was sent to Brazil to manage the company's cotton compress at São Paulo. On the way down by boat, I happened some way to sit at the captain's table. He was an Englishman, an' he took to ridin' me pretty...
MERGER CURBS are in the wind at the Federal Trade Commission. Chairman Edward F. Howrey is considering asking Congress for new powers to require all corporations to file preliminary merger plans with the Commission. If the merger appears to violate the Clayton anti-trust act, the Commission will issue a stop-order, pending a court trial...