Word: legalization
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Dates: during 1920-1929
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...created as a sort of super-holding corporation, to acquire, first all securities, then all land and the physical property of production. Let nothing be expropriated. Let everything be paid for at market prices. By an ingenious system of pyramiding (the issuance of non-interest bearing, legal tender, industrial notes on property already acquired) the whole of the world's wealth could be acquired for about 20% of its value without cheating anybody. What have we finally? A great world-wide producing corporation. The entire population would live in a few cities. Every bit of land would produce whatever...
...subscribe" possess in themselves a value of about $3 apiece. "Tel. & Tel.'s" President, Harry B. Thayer, began his career as a shipping clerk in the Western Electric Co., back in 1881. After proving him self a success in the shipping, manufacturing, engineering, buying, sell ing, accounting, legal and other departments of Western Electric he was appointed its New York Manager, in 1902 a Vice President. In 1908 he became President of the Company and in 1919, after 38 years' service with it, he resigned to accept the Presidency of the American Telephone & Telegraph Co. Of medium size...
...Rouge. "Lateral" trusts-i.e., mergers of industries of the same sort-are forbidden by the Sherman Anti-Trust Law on the grounds of restraint of trade. But for the "vertical trust," involving ownership of all productive and transportation facilities needed for manufacture of a product there is no legal prohibition. This is the kind of trust that Henry Ford is creating...
...action of a Chicago judge who ruled that the man was sentenced for contempt and that, therefore, the President did not have the power to pardon. Attorney General Stone instituted an examination of the case to determine whether the denial of the President's power to pardon was legal...
...second sentence seemed to imply a deliberate attempt to evade the law. It was discovered, however, that there was no Federal statute to be evaded, for the reason that there really is no legal limit to the amount an individual may give for such a campaign...