Word: tradings
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Dates: during 1920-1929
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...least temporarily, last week when the Senate Judiciary Committee voted down, 10 to 3, a report that he held the office of Secretary of the Treasury illegally because of stock ownership in industrial corporations. An ancient statute prohibits the Secretary of the Treasury from being interested in "trade or commerce." Mr. Mellon freely admitted that he owns stock in the Aluminum Co. of America and other big concerns, but explained that he had resigned all his directorships and other business offices upon entering Federal service (TIME, April...
...Nebraska and Walsh of Montana led the last of the nipper-snapping against Secretary Mellon. They dug up an Aluminum Co. court case in which Mr. Mellon had deposed that he was consulted on important points of policy and from this attempted to argue that he was still in "trade or commerce...
Leslie Mortier Shaw, Roosevelt's Secretary of the Treasury (1902-07), wrote the committee: While Secretary of the Treasury I remained ... an active producer of farm products of many kinds which made me interested in trade and commerce. . . . I acquired a half-interest in a copartnership and became the largest stockholder in a corporation . . . both interested in state and interstate commerce. . . . The fact that we had to sell what we produced did not change the nature of our business from that of producer to that of trade or commerce. ... I was familiar with the statute, the manifest purpose...
...already produced an astonishing number of alarms and excursions. Indignant outbursts have proceeded from Candy Weekly and other sugar centres. Competing cigarets have rebuked the Lucky campaign.* Advertising itself has engaged in an intermural struggle over "tainted" v. "honest" testimonials. The Better Business Bureau and the Federal Trade Commission have been invited to act as advertising disinfectants. Object of last week's attack, however, was not directly American Tobacco Co., but Merlin Aylesworth's National Broadcasting Co., nation-wide radio chain. Possibly despairing in their endeavor to convince the Lucky Strike makers of the evils of their course, the sugar...
...Open Letter also quotes many an anti-cigaret speech and editorial, including the previously cited Methodist Moral Bulletin. Said the Salt Lake City Deseret News: "Damage incalculable . . . dastardly campaign." Said Dr. Daniel Alfred Poling, head of International Society of Christian Endeavor: "Womanhood is being exploited for trade...