Word: girdlers
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Dates: during 1930-1939
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...reads the heart of the Sherman Anti-Trust Act which was passed by Congress in 1890 to bust trusts. After 49 years U. S. employers are finding that it may perhaps be used to bust unions. Following the lead of Philadelphia's Apex Hosiery Co., last week Tom Girdler's Republic Steel Corp. sued John Lewis, C. I. O. and its steel unions and nearly 700 individual strikers for $7,500,000 under the Sherman Act and the related Clayton...
...last April when Apex won its verdict for $711,000 in triple damages against Branch 1 of C. I. O.'s American Federation of Hosiery Workers (TIME, April 10). The Apex strike was a sitdown, which the U. S. Supreme Court has declared illegal. If suits like Tom Girdler's can extend the anti-trust laws to cover other strikes (which are legal in principle) Labor will have suffered a blow, all but undoing such pro-Labor legislation as the Wagner Act. Last week in appealing the Apex verdict, a union attorney announced that the U. S. Department...
...stock quotations on a Hitler-speech day. The independents (staying in the black) offered to lay steel down in Detroit for $8 a ton less than the U. S. Steel Corporation, and the U. S. Steel Corporation (going into the red) met the cut. Little Steel's Girdler and Big Steel's Stettinius traded punches till both were sorry...
Meanwhile, the industry's tough guys profited from production at over 50% of capacity. Bethlehem, biggest among Little Steelmakers, jumped its profit 142% over the first quarter in 1938. Steelmaster Tom Girdler's Republic Steel, No. 3 in the industry, earned $532,899 against $3,062,564 lost in the same quarter last year. National Steel, No. 5, still led the bigger fellows, however, earning more on its ingot capacity (71? per ton) than any of them, twice as much as in the first quarter...
...vice president and director. Through his friend Cyrus Eaton of Republic Steel Corp., he became a Republic director. When in 1932 a change in Koppers management sent John Brookes back to Washington to practice corporation law, he remained a trusted adviser of Republic's present boss, Tom Girdler. In Washington (where he was born in 1888) John Brookes is best known as a partygoer and a golfer who plays with professionals...