Word: laws
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Dates: during 1920-1929
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Hoover Increases. President Hoover sought to ease the tension by exercising the flexible provision of the present tariff law and raising the duty on three farm commodities. He raised: 1) Milk from 2½ cents to 3¾ cents per gallon (the new bill-5 cents per gallon); 2) Cream from 20 cents to 30 cents per gallon (the new bill-48 cents per gallon); 3) Flaxseed from 40 cents to 56 cents per bushel (the new bill-56 cents per bushel). At the same time, not for the benefit of the farmer, President Hoover made increases in the duty...
...Fallon went into court to fight the I. C. C.'s order. The great railroads of the land clustered about the midget line in friendly fashion. St. Louis' lawyer Daniel N. Kirby represented the O'Fallon, Frederick H. Wood of Manhattan's famed law firm of Cravath de Gersdorff, Swaine & Wood, represented the big-brother carriers. The I. C. C. accepted the challenge, named Chicago's Walter L. Fisher, Taft-time Secretary of the Interior, to fight its legal battle. Before a Federal Court at St. Louis, the O'Fallon contended that...
...Fallon case was loosely called "the greatest law suit in history" because: rail rates are fixed by the I. C. C. to allow the carriers a profit. The amount of profit depends on valuation. For 15 years the I.C. C. has been tentatively valuing U. S. rail properties. I. C. C. valuations have generally been on the principle of original costs, plus improvements, less depreciation. The carriers have contended for valuations on the basis of reproduction at present price levels ("current reproduction value"), less depreciation. In 1920 the I. C. C. valued U. S. railroads at approximately 19 billion dollars...
...strike (TIME, April 15 et seg.). Their German managers demanded and received military protection from the State. Machine guns bristled on the plant roofs, manned by young Guardsmen, many of them students from the University of Tennessee. Some 800 militiamen and special deputies enforced what was, in effect, martial law through Happy Valley...
Riots and bloodshed ensued. Tear bombs were hurled. Several hundred strikers were arrested at once and herded, shouting and cursing, into the Carter County Courthouse auditorium. The tiny jail was full. No sooner did law officers release some of the prisoners, than others were brought in. Elizabethton's 16-inch water conduit was dynamited three miles out of town. Schools closed. Trucks trundled to Johnson City, eleven miles away, for drinking water. Homes of strikers and strikebreakers were dynamited, barns burned...