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Each week brings its grist of Federal action under this statute. Fortnight ago it was the nut, bolt & rivet men whose trade association was dissolved by a U. S. court (TIME, March 30). Last week it was the sugar and steel industries upon which Attorney General Mitchell opened fire. The steelmakers, he charged, had for ten years conspired to fix the price of steel rails at $43 per ton. But far more spectacular was his suit in the U. S. District Court, New York City, to dissolve the Sugar Institute, whose 50 member-corporations refine more than...

Author: /time Magazine | Title: INDUSTRY: Anti-Trust Reform | 4/6/1931 | See Source »

...fact that all U. S. bolts, nuts & rivets are now made in standard sizes is one of the triumphs of Herbert Clark Hoover's career. One of his great doctrines as Secretary of Commerce was that U. S. manufacturers should get together, form trade associations and eliminate industrial waste by agreeing to make their products conform to a common gauge of pattern and quality. In 1925 the bolt, nut & rivet industry showed a disheartening loss of $3,000,000. Having organized itself as Mr. Hoover suggested, it last year made $7,000,000. So well had it learned...

Author: /time Magazine | Title: INDUSTRY: Nut & Bolt Cycle | 3/30/1931 | See Source »

...Government charged that after standardizing their products the combined bolt & nut men, controlling 95% of the business, had carried the Hoover doctrine a step too far, had fixed prices by means of discounts, allowances and "a system of freight equalization for preferred customers." Among the associated companies, which did an annual business of $75,000,000, were: Bethlehem Steel Co., Automatic Screw Machine Products Co., Erie Bolt & Nut Co.. Pacific Coast Steel Corp., Wrought Iron Co. of America. Defending counsel included James Francis Burke, counsel for the Republican National Committee, and onetime Governor Nathan L. Miller of New York...

Author: /time Magazine | Title: INDUSTRY: Nut & Bolt Cycle | 3/30/1931 | See Source »

...public life who has received a large so-called 'nut' mail is conscious of the high percentage of cranks in our civilization.?Dr. Ray Lyman Wilbur. Dr. Wilbur is Secretary of Interior, president of Stanford University and chairman of the American Medical Association's Council on Medical Education and Hospitals. As medical educator he was in Chicago last week for the council's annual meeting with the Federation of State Medical Boards and the American Conference on Hospital Service. Chicago was in its usual noisy municipal primary campaign with mayoralty candidates howling obscenities at each other. The doctors began...

Author: /time Magazine | Title: Sanity | 3/2/1931 | See Source »

Died. William James Arkell, 74, onetime owner of Judge and Leslie's Weekly, which he sold in 1905, founder of George Washington Coffee Co., turf man, brother of President Bartlett Arkell of Beech-Nut Packing Co.; in Los Angeles. Legend is that he once staked Leslie's Weekly against $150,000 on one of his horses...

Author: /time Magazine | Title: Milestones, Jan. 12, 1931 | 1/12/1931 | See Source »

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