Word: grains
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Dates: during 1920-1929
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Because the Chicago Board of Trade, if its officials had been conscientiously alert, might have prevented the Armour Grain Co. frauds (TIME, April 25 et ante), the Board has been the butt of severe criticism. Last week the situation...
...Kessinger bill, which will require that all Board of Trade transactions be reported openly. There can be no privacy, no secrecy. The Board had a battalion of hushers lobbying the state house of representatives to prevent passage of the Kessinger bill through that body. If the bill becomes law, grain traders can get an injunction to prevent its going into effect...
Colin H. Burnell of Winnipeg, Manitoba, Canada, gloated: "The Canadian wheat pool enrolled 138,000 farmers and handled 212,000,000 bushels of Canadian grain last year, or more than 56%. It is the largest grain handling organization in the world. It owns 700 country elevators and several terminals. The total assets...
...year he was partner; in 1901, at his father's and uncle's deaths, he became president. And when his orphaned nephews?Philip D. Ill and Lester?had gone as far at Yale as they pleased, he took them into business with him. Under him Armour & Co. segregated its grain and elevator business as the Armour Grain...
...Lake Michigan shore north of Chicago. Truculently honest, weary of commercial strife, he now spends most of his time rusticating in California. Last week however he was, like another Cincinnatus called from his farm, in Chicago alongside his nephews Philip D. Ill and Lester in their tribulations with Armour Grain...