Word: oils
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Dates: during 1930-1939
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...Last week, in Manhattan's Madison Square Garden, the five college teams that qualified for the tournament to decide U. S. basketball entrants in next summer's Olympic Games fared poorly. Basketball representatives of two organizations as thoroughly nonacademic as Universal Pictures Corp. of Hollywood, and Globe Oil & Refining Co. of McPherson, Kans., met in the final...
That this collection of athletic freaks should be employed by a central Kansas oil concern in a town of 5,000 and that their basketball ramblings should be paid for by the company is less mysterious than it seems. Like Universal Pictures' five, and thousands of similar groups in the U. S., they are a company promotion scheme. The idea came to the Globe Oil's sales manager in 1934, from Gene Johnson who had spent half a dozen years coaching minor college and commercial teams in the Midwest. He guaranteed a winning combination. Last week, Coach Johnson...
Last week the U. S. Supreme Court handed down its first decision on the Securities Act of 1934. The case originated last year after J. Edward Jones, dealer in oil royalties, filed a registration statement with the Securities & Exchange Commission. Summoned to explain his facts & figures, Royalist Jones suddenly changed his mind, tried to withdraw the statement. This SEC forbade him to do (TIME, July...
Proclaiming his inalienable right to withdraw his registration so long as it had not become effective, Oil Royalist Jones finally found support for his contention last week. Said Justice Sutherland in a 6-to-3 decision: ''We are unable to see how any right of the general public can be affected by the withdrawal of such an application before it has gone into effect. . . . The conclusion seems inevitable that an abandonment of the application was of no concern to anyone except the registrant. . . . The Commission itself had challenged the integrity of the registration statement and invited the registrant...
Blind Alec Templeton was brought to Chicago lately as a specialty performer by British Bandmaster Jack Hylton, whose orchestra plays at the Drake Hotel and over the radio sponsored by Standard Oil of Indiana. By this week, when Real Silk Hosiery was to take over the sponsorship, critics were convinced that an amazing musical talent had quietly turned up in Chicago. Young Templeton was born blind, of Scottish parents, on a farm near Cardiff in Wales. At 2, he played the piano, imitating the notes of a nearby church bell. At 4, he composed a lullaby with which his mother...