Word: monopolist
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...stockbrokers whom Chairman Frank was to regulate had ever read his books. But as an alternative to Henderson, he was welcomed as the more knowing man. No foe of bigness-as-such, he had helped write NRA, had praised (in Save America First) the social value of "the intelligent monopolist," especially when subjected to government guidance. Taking office, he called SEC "in a true sense, a conservative institution," its purpose "conserving, by improving, our profit system," promised no radical departures from the Douglas regime. Then he went to work...
...Berle's recent coups was the President's last-minute appeal to Hitler during the Munich Crisis, which he coauthored. Most conspicuous coup was a "confidential" memo, which he issued two months before on the Monopoly Investigation (he called the village grocer as much of a monopolist as any trust). One motive behind the Monopoly memorandum was Berle Jr.'s private feud with competitive White House counsellor, hearty, pragmatic Tom Corcoran, who did not plan the Monopoly Investigation as just another outlet for Berle's talents...
Industry. Best essay of the collection is E.D. Kennedy's piece on industry, dramatizing the march of monopolies. With John T. Flynn, who ridicules the proposition that Business can govern itself, Kennedy calls for government regulation of monopolies, not their dismemberment. "Let us not," advises Kennedy, "mistake the monopolist for a poor boy trying to get along...
...about "economic oligarchy" and "the 60 families." Implication was that they would be followed by a similarly vehement message from the President to Congress, suggesting revision of U. S. anti-trust laws. Anxiously awaited by Business ever since, the business monopoly message from the nation's greatest governmental monopolist finally appeared last week. A detailed request for Congressional investigation of the whole subject of monopoly as a preliminary to future legislation to curtail it, it was chiefly noteworthy for a tone as mild as Messrs. Ickes & Jackson had been bitter...
Founded on waterpower sites controlled by Alexander Hamilton, Passaic, N. J. developed into a beehive of small enterprise. One small Passaic enterprise is Canal Co., a neckwear shop employing 40 people and owned by one Max Brenner and the Brothers Tuckman, Jack & Kenneth. Monopolist Hamilton must have started in his grave last week when Canal Co. locked out its employes until they joined the union (C. I. O.'s Textile Workers' Organizing Committee". The company stated: "We are paying union wages and we sell our products to union houses, so we see no reason why ours should...