Word: copper
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Dates: during 1930-1939
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...regulatory code in the copper business will have to allow for: 1) a wide range of production costs between U. S. refineries; 2) new sources of cheap foreign copper, against which the Administration may not want to erect a higher tariff wall...
Francqui. With 66 nations present but with the U. S., Britain and France lobbying among each other as though they, "The Big Three," were almost the whole Conference show, keen resentment kindled among minor nations, erupted from the "Copper King" of Belgium, shrewd, grizzled old Emile Francqui, close friend of King Albert...
...persuaded the Rhodes Trust to let new Scholars be chosen by old ones, and got the job of managing it for himself. In 1929 he pounded on Parliament's door, got the bill through to redistrict-equivalent to breaking the Rhodes will. For the great copper family he organized the Guggenheim Fellowships, is still chairman. For Swarthmore he put across two $2,000,000 endowment drives, thereby tripling the endowment to $6,268,000. Frank Aydelotte did not try to enlarge the college enrollment (now 588, half female). He sniffed at people who thought it would be nice...
Letters were introduced showing that Mitchell had sold 8,500 shares of Anaconda Copper to his friend, President William D. Thornton of Greene Cananea Copper, but had bought them back four months later for the same price. This transaction Medalie called a dummy sale to escape income taxes. Defense Counsel Steuer called it a favor to Anaconda Cop- per who, he said, had asked Mitchell to sell it to Thornton in order to prevent public dumping of the copper shares...
...Cananea Copper Co., to establish a loss of $759,000, and failing to report a bonus of $666,666.67 from National City Co., thereby avoiding a tax of $130,000. Penalty if convicted: not more than five years in jail nor more than $10,000 fine...