Word: fonts
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Dates: during 1950-1959
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...both sides with its bold and unexpected reaches, a four-man Supreme Court majority (Warren, Brennan, Black and Douglas)† overruled Judge LaBuy. Completely bypassing the Government's main charges-that Du Pont had violated the 1890 Sherman Act by fencing off the G.M. market from Du Font's competitors-the court based its decision on Section 7 of the 1914 Clayton Act, to which Government lawyers had devoted only six pages of their 100-page brief and only perfunctory oral argument. Section 7 bars a corporation from acquiring stock in another, "where the effect of such acquisition...
...Pont officers (none later than 1926). Item: Treasurer Raskob's 1917 report, arguing that purchase of G.M. stock "will undoubtedly secure for us" the entire G.M. market for paints, artificial leather and other Du Pont products. Concluded the highest court: "The inference is overwhelming that Du Font's commanding position was promoted by its stock interest and was not gained solely on competitive merit...
...that Du Pont had supplied General Motors with about 67% of its paint and finish supplies, between 38% and 52% of its textile requirements in the years 1946 and 1947), the two items together make up only about 2% (or $20) of an auto's total cost. Du Font's total G.M. business amounted to only about 3% of the company's $795 million sales in 1947; Du Font's real profit from G.M. is from its stock investment, which last year paid the chemical company $126 million in dividends-nearly 6% of its total gross...
Richard flatly contradicted manufacturers' current claims of increasing gasoline economy, said that du Font's car fleet showed a "loss of fuel economy of over 10% in seven years." But for 1961 he predicted a turn to new, more economical fuel systems, e.g., dual four-barrel carburetors, aircraft-type pressure carburetors, fuel-injection systems...
...bottles to formaldehyde for undertakers. All this has paid the company well: between 1950 and 1955 sales soared 85% to $275,680,000; profits jumped 130% to $16.6 million, though 1955 earnings of 6% on sales were not as favorable as Allied Chemical's profit of 8%, Du Font's 22%. But Faina's goal is as American as apple pie, though it may seem as unlikely in cartel-minded, low-wage Italy as pie in the sky. Says President Faina: "I want every workingman to have 100 shares of Montecatini, a home...