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Arrest. For several weeks SEC has been investigating the sale of some 273,000 shares of stock registered last year by Trenton Valley Distillers Corp., a sizable company with a plant at Detroit, which is now closed. It was discovered first that the stock had not been sold through the underwriters named in the registration statement; further, that the company took $1 a share for stock which was at that time selling for $3 over-the-counter in Detroit. The difference was apparently absorbed by no less than four sets of middle men and at least two go-betweens...

Author: /time Magazine | Title: Business: Arrest & Development | 9/6/1937 | See Source »

...eleven topnotch Italian amateurs. Cabled Il Duce: "Be tenacious, sporty and sprightly. . . ." In flocked some 55,000 fight fans, an estimated 70% of them Italian, began booing when Gavino Matta, Italy's flyweight champion, lost the second bout on the program to pint-sized Negro Bobby Carroll of Trenton. Only knockout of the evening was scored by Willie Smith, Harlem featherweight, who floored courageous Federico Cortonesi three times before the referee intervened in the second round. Otherwise Italian honor was dutifully upheld as Italy won six bouts to the U. S. five...

Author: /time Magazine | Title: Sport: Duce's Victory | 6/21/1937 | See Source »

...Trenton, muscular Governor Harold Giles Hoffman, who had sworn to resist the Sit-Down with "the full resources of the State," leaped to the rescue of Thermoid's involuntary sitters, had State troopers convoy a truckload of food and bedding to them. When the sheriff declared himself unable to enforce a court decree ordering the strikers to stop interfering with the company's operations, Governor Hoffman dispatched 30 blue-clad State troopers to stand guard...

Author: /time Magazine | Title: LABOR: Strikes & Settlements | 5/10/1937 | See Source »

While Akron was giving the country an object lesson in Labor maturity, New Jersey last week displayed a rampant example of freshman unionism. On petition of some 500 non-union employes, its officials decided to reopen the Thermoid Rubber Co. plant near Trenton, closed since April 8 by a strike of United Rubber Workers. Returning workers were hooted and stoned by picketers, and when they sent out the first truckload of their products, the strikers tossed more rocks to stop it. Returning tear-gas bombs, police charged into battle. The scuffle stopped when the truck retreated into the plant...

Author: /time Magazine | Title: LABOR: Strikes & Settlements | 5/10/1937 | See Source »

Sued for divorce in Trenton, N. J. last week was President Peter C. Christensen of Button Corp. of America, his wife charging that he had lavished a small fortune on a blonde artists' model, asking $1,000 per week alimony. Given this new idea of his wealth, Mr. Christensen's 400 employes promptly decided that he could afford to pay them better wages, walked out on strike. Up in a big black limousine drove Mrs. Christensen to cheer on the strikers, march for an hour in their picket line. Said Mr. Christensen, peering from behind his office curtains...

Author: /time Magazine | Title: LABOR: Strike-of-the-Week | 4/19/1937 | See Source »

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