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...Standard Oil was organized as a Trust. Ten years later the trust feature was dropped in favor of a " community of interest " in which John D. was one of 99 stockholders, under a holding company known as the Standard Oil Co. of New Jersey. This reorganization followed the Sherman Anti-Trust Law of 1890, a feature of the Standard's duel with the Government, which had begun with the investigation of 1872. In 1876 Standard influence had caused the pigeonholing of the first Interstate Commerce Bill. In 1879 Rockefeller and his associates were indicted for conspiracy, but all suits were...

Author: /time Magazine | Title: Business: The Standard Oil | 6/11/1923 | See Source »

...What is a Puritan?" With great emphasis we are told that the Puritan is "an iconoclast, an image-breaker". "Puritanism is an urgent exploring and creative spirit." It seems that Professor Sherman struck a snag somewhere. Would not his definition cover the men whose work he finds harmful to the formation of a real American literature? Cannot these writers insist that their "vision of the good life" is as adequate as that advance by Emerson and Whitman...

Author: NO WRITER ATTRIBUTED | Title: YOUNGER GENERATION IS PLEASANTLY CHIDED | 5/26/1923 | See Source »

...goes Professor Sherman in examining "The Shifting Centre of Morality", "The Superior Class", "Education By The People" and "Literature and the Government of Men." The younger generation must be started right, and the right start is found in American "moral idealism." We are never quite sure what "moral idealism" is. In some mysterious way, Professor Sherman shifts his point of view. Reading these later essays, we discover that all the time he has been trying to reconcile the apostles of "pep and progress" and the young people who look for a means of "self-expression." He would have the former...

Author: NO WRITER ATTRIBUTED | Title: YOUNGER GENERATION IS PLEASANTLY CHIDED | 5/26/1923 | See Source »

...time Professor Sherman is distinctly irritating. He has adopted that paternal attitude which allows of no contradiction, because it sidesteps it. All of this revolution against Puritanism is a good thing, he observes, because it shows that at heart these young people are essentially good. All they need is guidance. And it is guidance that Professor Sherman will give them, willy-nilly. With all his talk about "moral idealism," he bases his advice on strictly utilitarian principles. Here are these existing conditions; make the best of them. Make your efforts at "self-expression", your attempts to "live a fuller life...

Author: NO WRITER ATTRIBUTED | Title: YOUNGER GENERATION IS PLEASANTLY CHIDED | 5/26/1923 | See Source »

...Babbitt, Jrs. "The Genius Of America" will, perhaps, be of great value and interest. For others, it deals too much in platitudes. Professor Sherman's logic is that of the Chamber of Commerce mixed in with the bright sweetness of Pollyanna's elder brother. But, according to the publisher "This book is written by one intensely conscious of the situation". "For all its basic seriousness, it makes bright and lively reading...

Author: NO WRITER ATTRIBUTED | Title: YOUNGER GENERATION IS PLEASANTLY CHIDED | 5/26/1923 | See Source »

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