Word: junking
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...itinerant junkman, picking up rusty chunks of iron & steel wherever he can, has dwindled, he still supplies over 10% of the total tonnage. What he collects in his backyard, he sells to the dealer for cash. Thus, dealers large & small require bank credits to carry their huge junk piles until sales in big shipments are made to the steel mills. Large dealers are generally college-bred sons of junkmen who found the picking particularly good, have considerable investments in machinery to handle and break up junk. Despite the size of the industry, there are no large units...
...higher brand of ethics to a cut-throat industry, Director Schwartz founded the Institute of Scrap Iron & Steel four years ago, embracing 400 of the largest scrap dealers and 90% of the business. A 36-year-old lawyer who has specialized in trade associations, he has placed the junk business on a dignified plane, has obtained the recognition of steelmen who formerly were hesitant to let a scrap dealer through the front door. The real justification of the complex system of scrap-gathering, Director Schwartz thinks, is the conservation of ore reserves. Not only is scrap steel's biggest...
...Chicago, for 25 years Bill Kearns pushed a dilapidated handcart about the streets, bought old rags, junk, bottles. Fortnight ago Bill Kearns died, left over $1,000.000 in cash and Government bonds...
Iron Gift Horse. Two years ago the I. C. C. denied Colorado & Southern Ry.'s petition to junk its 185-mi. narrow gauge division between Denver and Leadville, valued at $3,600,000. For 32 years it had been steadily losing money; annual deficits had mounted to $400,000. Then Colorado & Southern (a subsidiary of the Burlington) tried to give it away. No one wanted it. Finally Lawyer Victor A. Miller of Denver said he would take the line as a gift, and last week he applied to the I. C. C. for permission to accept it. Lawyer Miller...
...rates on special commodities to build up a local industry? No, says the Supreme Court. Does North Dakota want to establish a freight tariff so unreasonably low that the Northern Pacific cries "Robbery!"? The Supreme Court agrees with Northern Pacific. Laws compelling school attendance, vaccination, burials within city limits, junk dealing, theatre-ticket scalping, regulated rents?for all such questions of State experimentation the 14th Amendment is a judicial catchall. Only hairline distinctions divide the constitutional from the unconstitutional activities of States in ordering local society. Issues stand or fall before the Supreme Court in accordance with the liberal...