Word: generalizes
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Dates: during 1930-1939
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...Arnold's predecessor in charge of trust-busting was Robert Jackson who, last December, ran up against a haymaker from Federal Judge Ferdinand Geiger in Milwaukee. For a year Mr. Jackson's department had been investigating the connection between the Big Three motor-makers (Ford, General Motors, Chrysler) and the Big Four auto-financing companies (General Motors Acceptance Corp., Commercial Credit, Universal Credit Corp.. Commercial Investment Trust). The Assistant Attorney General was trying to get criminal indictments against them for violating the Sherman Anti-Trust Act. But Judge Geiger discharged the grand jury when he discovered that...
Despite the sudden end of the suit in Judge Geiger's court, another suit before another judge was still an immediate possibility. The companies (General Motors and G. M. A. C. excepted) continued to negotiate with the Attorney General's office for a consent decree. But the final draft proposed last fortnight by the companies' lawyers had so many complicated provisions that the jittery independents thought it was designed to give them even less business than usual. Negotiations broke off. Thurman Arnold had the criminal case reopened before a grand jury in Judge Thomas W. Slick...
...grand jury was expected to take at least six weeks to come to a decision, but last week, after hearing 150 witnesses in five days, it returned three sweeping indictments. First was against General Motors, G. M. A. C., General Motors Sales Corp., Alfred P. Sloan Jr., William S. Knudsen, and 17 other General Motors and G. M. A. C. executives. Second was against Chrysler Corp., Chrysler Sales Corp., Dodge, De Soto, Plymouth, Commercial Credit Co., and 18 executives, including Walter P. Chrysler. Third was against Edsel Ford, Ford Motor Co., Universal Credit Corp. and twelve more executives. Maximum penalty...
...usually takes an organization of independents to get the Attorney General's office started. In the Madison Oil Case (see above) it was the National Oil Marketers' Association. In the auto case it was the American Finance Conference...
...spend, 14 of the 22 accused oil companies and eleven of their executives* decided to plead nolo contender e. That meant they agreed to pay maximum fines and court costs amounting to $400,000-which, considering the cost of the previous trial, was probably a shrewd economy. Said Attorney General Homer Cummings: "The offer may be regarded as a complete capitulation...