Word: controlled
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Dates: during 1930-1939
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...Black inquiry came the first serious move to centralize regulation of aviation. Silvery Nevadan Pat McCarran wrote a Senate bill to place full control of the industry with the I.C.C. Year later, in the House, California's Clarence Lea offered a bill to create an independent Government bureau for aviation. Until the last Congress, neither bill had been able to make much headway. Both the Post Office Department and the Department of Commerce's Bureau of Air Commerce stood to lose firm political footholds if the centralization move succeeded. But this year the proposals were revived, promptly...
...authority of five members and an administrator at annual salaries of $12,000, and an air safety board of three at $7,500 annually, one of them to be an airline pilot. To the authority was entrusted control over mail subsidies, with authority to fix rates, determine routes on request and recommendation from the Post Office Department and designate carriers. The authority was also to set maximum passenger and freight rates as the I.C.C. does for rail and bus carriers, and enfranchise existing airlines with certificates of convenience and necessity, continuing all present mail contracts during good airline behavior...
While everybody in the air transport business knew that the new act was far better for all concerned than anything previously devised for air industry control, they knew, too. in the words of Eastern Airlines' plain-talking War Ace Eddie Rickenbacker, that "the McCarran-Lea act will be only as good as the men who comprise the board...
...report on farm equipment went to Congress month ago (TIME, June 13), pointed out that eight companies dominate the field but that two are pre-eminent-International Harvester Co. and Deere & Co. Part II which went to Congress last week pointed out how these companies came to control a large portion of the market by buying up competitors, listed the following factors as "indicating serious monopolistic conditions": 1) dominant position of International Harvester; 2) big advance in farm-equipment prices as compared with other manufactured products; 3) price rigidity in farm equipment during Depression; 4) swift rebound of farm-equipment...
Worshipful reminiscences by Edison's Canadian-born private secretary, with many after-dinner anecdotes, with illuminating but fragmentary accounts of the attempt by German financiers to capture control of the infant electric industry...