Word: oils
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
Taxation, The Court made three significant loopholes in its ancient doctrine that the Government cannot tax the '"instrumentalities" of a sovereign State. The Justices ruled that the Federal Government could collect taxes on: 1) the profits of operators leasing oil lands from the State of California, 2) the salaries of employes of the Port of New York Authority, 3) Football-receipts at the University of Georgia and the Georgia School of Technology...
...Cracked down on 13 major oil companies and eleven of their officers. Accused of illegally fixing the margin of profit for independent jobbers in the "second Madison oil case." these defendants fortnight ago pleaded nolo contendere (TIME, June 6). Last week. Federal Judge Patrick T. Stone of Madison, Wis. fined them a total of $360,000 plus $25,000 costs...
...Madison, Wis., last January, a jury chiefly comprised of farmers found 30 substantial members and 16 companies of the U. S. oil industry guilty of conspiring to raise and fix gasoline prices (TIME, Jan. 31). In the four months it took to arrive at that conclusion the Government prosecution and the industry's defense (there were 57 defense attorneys) together spent a total of about $3,000,000. In addition, conviction carried a maximum penalty of a $5,000 fine or a year in jail for each executive and a $5,000 fine for each company. With motions...
...officers and companies of having violated the Sherman Act in another way-by demanding uniform jobber contracts and permitting jobbers only a carefully defined profit. Last week, considering the amount of time and money they had already spent and might still have to spend, 14 of the 22 accused oil companies and eleven of their executives* decided to plead nolo contender e. That meant they agreed to pay maximum fines and court costs amounting to $400,000-which, considering the cost of the previous trial, was probably a shrewd economy. Said Attorney General Homer Cummings: "The offer may be regarded...
...officers and their companies: Charles E. Arnott, Socony-Vacuum Oil Co.: A. G. Maguire, Wadhams Oil Co.; Amos Ball, Standard Oil Co. (Indiana); Harry D. Frueauff, Cities Service Co., Cities Service Oil Co., Empire Oil & Refining Co.; Edward Karstedt, formerly of Continental Oil Co.; G. C. Morris, Pure Oil Co.; Alexander Fraser, Shell Petroleum Corp.; J. W. Carnes, Sinclair Refining Co.; Robert W. McDowell, Mid-Continent Petroleum Corp.; Frank Phillips, Phillips Petroleum Co.; W. G. Skelly, Skelly Oil Co., Ohio Oil...