Word: trades
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Dates: during 1920-1929
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...Justice attempted to cause the dissolution of the so-called "Steel Trust," and Justice McKenna wrote the decision of the Supreme Court which by a vote of 4 to 3 held that the United States Steel Corp. and its subsidiary companies did not form a combination in restraint of trade in violation of the Sherman Anti-Trust...
...make it bad form to keep your money at home"). Commerce Director Julius Klein also accuses New England industry of narrowness. While studying 350 firms there, he found that only one had a business analyst. Like pre-War Europe this section has disastrous overconfidence in past methods and trade processes, whereas U. S. "industry has grown precisely because it has the highest scrapheap in the world." The machinery in one New England textile factory averaged 23 years in age. One shoe factory kept making high buttoned shoes because "Uncle Ezra," founder, had done so. Industries should balance their manufacturing schedules...
...lose it through the ambitions and personality of some upstart. But other men have tried to place walls around the throne and they have failed. Now has tried it perhaps in exactly the method of H Duce. Why he should be more successful than his predecessors in the tyranny trade is a problem for prophets. So far his defeats have been few. In the terms of his patron saint this educational move may be his Waterloo...
...field, Bethlehem Steel is second only to U. S. Steel. A "trade war" between these two is predicted, for U. S. Steel has apparently challenged a Bethlehem monopoly-the production of a broad-flange structural beam...
...Steel is now remodeling its Homestead plant to manufacture beams of this type. Anent this, Judge Gary said, in the Iron Trade Review: "We are building a mill which will be prepared to manufacture a wide flange beam." Bethlehem President Grace countered: "Bethlehem has an exclusive license under numerous patents which have several years to run, and which cover the process for rolling the so-called broad-flanged sections as a product." It may be that the Judge, always perspicacious, is looking far years ahead. Yet the ingredients of a fight already exist...