Word: major
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Dates: during 1930-1939
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Colonel Donovan was well aware that he was defending as big a batch of U. S. bigwigs as ever was put on trial. Summoned to Madison last October on the criminal charges of conspiracy to raise and fix gasoline prices were 26 major and subsidiary oil companies, three oil trade journals and 56 oil tycoons. By last week charges had been dismissed against all but 16 companies and 30 men. In 1935 and 1936, according to the Government, these companies and men got together to buy gasoline from independent refiners in the spot markets of east Texas and Oklahoma...
Since SEC's major purpose is to police U. S. security markets,* this ignorance, after three years' intensive study of the subject, might be surprising were it not that everyone admits that complete o-t-c regulation approaches the impossible. Congress was stumped by the problem while creating SEC in 1934 and purposely left the law vague. SEC ordered that all dealers register. Two years ago, after a majority had done so, it began a cautious supervision (TIME, Jan. 13, 1936). Last summer it issued a set of fair practice rules. But not until last week...
...Major drawback of Diesel engines ever since Rudolf Diesel built the first in Germany 42 years ago has been their heftiness. Although the oil a Diesel burns is cheaper than gasoline and its principle of igniting fuel by heat developed through compression is more efficient than using a spark, the strength required to withstand high internal pressures has made Diesels expensive as well as heavy. Engineers have long tried to make fuel savings offset weight, size and cost, but noticeable success was achieved only in Germany, where Diesels light enough to power the Hindenburg were developed. Last week, however, famed...
...lively ferment of its modern literary movement, few modern Icelandic novelists have been translated into English. In Europe, 49-year-old Gunnar Gunnarsson, author of 30-odd books and plays, ranks with Scandinavian writers of the calibre of Selma Lagerlöf. Ships in the Sky is considered his major work. A long, simply written, autobiographical novel, it tells the story of a redheaded, imaginative peasant boy named Uggi Greipsson. Its distinguishing qualities are an unforced humor combined with uninhibited sentiment, clear characterizations of an Icelandic peasant family of 40 years...
Widener, Library had a one-day exhibition Saturday, which, if it had only been properly advertised, would unquestionably have outdrawn all previous exhibitions in the Library's history. For, although this collection consisted only of one major item and several lesser objects, that one major item was the Princess Babs. (pronounced Bah-Bah) of Sarawak, daughter of the only white Maharaja in British Borneo...