Word: tnec
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Dates: during 1940-1949
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...shreds of influence over utilities; but it will also make the big insurance and trust companies more formidable monopolists of the best security issues than ever. The bankers will become mere bone-fed finders of private placements. Since the insurance companies have already been put on the spot before TNEC for absorbing so huge a share of U.S. investment opportunities (TIME, March 10), SEC's new rule will doubtless hasten the day when insurance, too, will pass under Federal control. The Government's attacks on the power of Wall Street always wind up by increasing...
Before closing shop last week, TNEC published its recommendations. With all the ammunition the committee had stored up, a terrific broadside might have been expected. Instead, the committee rolled a rusty BB gun into place, pinged at the nation's economic problems thus...
...agreements, Hartford-Empire gained influence over both methods, placed itself in a position where for all practical purposes no manufacturer could make a single bottle if Hartford-Empire turned thumbs down. Hartford-Empire's President Smith was one of the first witnesses to make good newspaper copy for TNEC when it began its patent hearings in 1938. In recent years, TNEC revealed, 96.6% of all glassware made in the U. S. has come from machines owned or licensed by Owens-Illinois and Hartford-Empire. Of three independent companies making the other 3.4%, two were being sued by Hartford-Empire...
Nearly three years ago TNEC ("Monopoly Committee") asked SEC to investigate insurance. To make the investigation (which they limited to legal reserve life insurance), SEC appointed Ernest J. Howe and Gerhard A. Gesell. For weeks their report has been ready, emitting occasional hisses like a buried bomb, waiting for TNEC Chairman Joseph O'Mahoney to make up his mind to release it. Last week he did so. The explosion was loud. But very few people got hurt...
Soon after war began, Arnold began to look into patents as a trade-restraining device. Last December he brought suit against Corning Glass Works, Hartford Empire Co. (whose tight hold on glassmaking machinery was publicized by TNEC) and most of the glass industry, will try the case next month. In March he jumped Masonite Corp. (which is fighting) and Bausch & Lomb (which paid a $40,000 fine) for contracts he did not like. Next came the spectacle industry and Johns-Manville. Meanwhile France fell...