Word: huttons
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...final tremor of excitement was caused when Mayor Alfred N. Phillips Jr. (Milk of Magnesia) of Stamford, Conn, proposed that the mayors censure Stockbroker Edward F. Hutton for urging business to "gang up" on the New Deal (see p. 60). A Republican protested and Mayor Phillips was ruled out of order...
Edward F. ("Ned") Hutton, rich stockbroker and board chairman of General Foods Corp., likes to speak his mind on business and politics. Sometimes Mr. Hutton's phraseology lets him in for public trouble. Last summer, in sounding off against soak-the-rich taxes, he declared that today he considered himself "70% slave and 30% free." Thereupon Columnist Westbrook Pegler mused: "This undoubtedly is true on the basis of his tax returns, but there is no denying that such slavery has its little compensations. Mr. Hutton's slave quarters in Palm Beach might be called a model cabin...
Last week Ned Hutton laid himself open to fresh trouble. This time, in the current issue of Public Utilities Fortnightly, he proposed that U. S. business unite to form a super-lobby "which will be heard . . . in the Halls of Congress, in the executive departments, and even in the White House itself." Wrote Mr. Hutton...
...Hutton deplored "minority pressure groups" but saw no alternative except the formation of another. What was more, "business and industry can have a lobby which will overshadow them all. Why don't we organize it and come to the help of any part of business & industry when that help is needed? Why not create an American Federation of Business?" To rally his forces Mr. Hutton cried: "So I say: 'Let's gang...
...statement that the Commission or any Commission employe had asked E. F. Hutton & Co. or any other house or individual to sell Chrysler stock or any other stock is entirely false. ... No decision as to whether there will be any further investigation of trading in Chrysler stock has been made...