Word: paramount
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After ten years of agile legal footwork, Paramount Pictures, Inc. last week tossed in the sponge in its antitrust fight with the Justice Department. It approved a consent decree agreeing to split itself into two separate companies, one to make and distribute movies, the other to operate theaters...
...True Love (Paramount) is a sincere but woebegone Hollywood attempt to produce a British specialty: the quiet little drama in which well-bred characters stiff-upperlip their way through an emotional crisis...
...help tell this somber story, Paramount has used the services of a good British director, Compton Bennett (The Seventh Veil), a charming, able British star, Miss Calvert, and some competent British supporting players. The result is nonetheless a poor counterfeit of the genuine product. My Own True Love lacks the virtues of the best British movies (subtle human detail, glints of gentle humor, authentic backgrounds), but it has the faults of being talky, stodgy and intolerably slow...
...ineffective farce. This consideration makes federal ownership necessary to maintain an important oil reserve. A Representative from Texas, however, says that there is precedent for federal regulation of state owned oil fields. Although most oil conservation is now in the hands of the states, perhaps the doctrine of paramount rights would allow the federal government to regulate the conservation of the oil while the states would maintain their ownership. States and oil interests, however, fear what might be done by the federal government in the name of conservation...
...result of the Supreme Court's decision, and its cry has rallied many non-oil states to an attack on the administration. One of the most vociferous lobbies in this case is an association of state attorneys general screaming states rights. They argue that if the doctrine of federal "paramount rights" can lead to the government taking over ownership of what was considered state property, then carried to its logical conclusion paramount rights might be used to seize any state property. The federal government, however, denies any right to anything except the marginal sea area...