Word: truce
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Utilities. Last fall, when the big guns of business were trained on Franklin Roosevelt to force an armed truce, utility magnates let it be known that there was some $3,000,000,000 in needed utility expansion which had been held up because of the industry's fear of what the Government next might do to it or Wall Street. Whether this expansion is still needed now that power sales have been dwindling for six months is moot, but last week Jesse Jones declared that RFC would be glad to give utilities money for expansion. Said he: "We have...
...long been the No. 1 Democrat of his State. But in 1932 St. Louis' Bennett Champ Clark went to the Senate without his help and Boss Pendergast has since had to sign a working agreement to claim patronage only in the western half of the State. The truce has lately been strained, to the dis pleasure of Tom Pendergast. First strain came when young Maurice Milligan, whose Brother Jacob was defeated by Pendergast's Harry Truman for the Senate, was appointed U. S. Attorney for the western district of Missouri with Senator Clark's help and began...
...love is lost between other Philadelphia art authorities and Dr. Albert Coombs Barnes, inventor of Argyrol, collector and self-appointed gadfly to museums. Last November Dr. Barnes broke a short truce with a bitter horselaugh at Millionaire Joseph Widener for buying, and at the Pennsylvania Museum of Art for accepting, a large, sparse Cézanne which he called inferior (TIME, Nov. 29). Lately the wealthy doctor has formed a queer alliance with the Philadelphia Artists' Union to discomfit attractive Mary Curran, State director of the Federal Art Project...
...United presented seven successive plans to SEC, all designed to enable it to continue to exist in the form of an investment trust. Having turned all the plans down, SEC anticipated few friendly overtures. When these suddenly came from Mr. Whitney about the time that Franklin Roosevelt declared a truce between the New Deal and the utility industry (TIME, Nov. 22), SEC was delighted...
...President's truce has since gone down the drain in a barrage of New Deal attacks on Big Business. Last week Partner Whitney marched in to see Chairman Douglas in the flesh, told him that, after all, United would not register until the Supreme Court validates the Holding Company Act. What is more, said Mr. Whitney, United had never intended to do otherwise...