Word: merriams
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...Huntington Beach and a good share of Long Beach and Wilmington Beach. Standard is as much of a political issue in California as Southern Pacific was 25 years ago. Standard's foes in the State Legislature, led by excitable Senator Culbert Olson, hotly denounce Governor Frank Merriam whenever he shows what they regard as partiality for Standard. Year ago, when a bill was passed prohibiting whip-stocking off Huntington Beach, Culbert Olson and his friends were pleased. But in the meantime Standard had whip-stocked out $5,000,000 worth of oil. Last October. Governor Merriam collected...
...months ago, the Legislature passed a bill that was Mr. Merriam's personal solution of the problem. It provided for a State Lands Commission to receive bids; but because it prohibited all drilling except by whip-stocking, the chief company that could submit bids was Standard Oil. Culbert Olson blew up. He will probably be the next Democratic candidate for Governor; Frank Merriam will probably be the Republican candidate. No Californian doubts what will be the prime campaign issue...
...weird marathon of his effort not to get out of jail-since he undoubtedly could get a parole-but to prove his innocence. The Assembly had subpoenaed Mooney because its strong labor bloc hoped that, if the whole body voted to give him a meaningless "legislative pardon," Governor Frank Merriam might give him a real pardon. Two days after hearing Convict Mooney, the Assembly went on record 41-10-29 as favoring a pardon, a few hours later the Senate defeated the motion almost unanimously and the chance that Governor Merriam might be influenced thereby seemed very slim indeed. Eager...
...washing machines, jewelry, and automobiles of the 1920s, but also "soft" goods, tires, clothing, perfume, goods which are consumed quickly or which have no second-hand value-so retailers evidently like it. Finance companies handle about two-thirds of all installment sales and they like it. But Mr. Merriam does not like it. The finance companies, who are the most articulate defenders of the installment system, point to their Depression record. Between 1929 and 1932, though the volume of their business declined 60%, their loss from liquidation of accounts was not quite i%. And when the upswing came, they helped...
...fact that finance companies have no trouble in making collections, thinks Mr. Merriam, has nothing to do with the economic justification of installment selling. "Finance companies are liquid, and this is a source of satisfaction to themselves and to their banks,* but it can be little consolation to those who are dependent on a whole pyramid of industries...