Word: trust
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Dates: during 1930-1939
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Indicted, these groups (representing 12,000 farmers from four States, 5,000 milkwagon drivers), fought the case before District Judge Charles E. Woodward in Chicago. On July 28 of this year Judge Woodward quashed the case. He saw the situation thus: that the purpose of the Sherman Anti-Trust Act was to protect individualism and unrestrained competition; that in the 50-odd years since the Act's passage, a contrary philosophy had grown up-through the Clayton, Capper-Volstead and Marketing Agreement Acts-which held that such associations as the Chicago milk groups were not illegal...
...Last week the Third Circuit Appeals Court ruled that the Sherman Act could not be invoked against a C. I. O. union by Philadelphia's Apex Hosiery Co., returned a triple-damage fine of $711,932.55, gave unions hope they are as yet beyond the purview of anti-trust laws...
...Detroit, Mich., Mrs. Frances Dodge Johnson, daughter of John F. Dodge, celebrated her 25th birthday, got a tidy present from the Dodge automobile estate: control of her $10,000,000 trust fund...
...portly, potbellied, black-mustachioed Philadelphia lawyer named John Graver Johnson (tops among U. S. corporation lawyers and trust protectors of his time) drew up a noteworthy document. It was an iron-clad lease by which Philadelphia Rapid Transit Co. promised to pay 49 small traction companies $7,100,000 a year for 999 years for the privilege of running its street cars over their right of way. For the stockholders of the 49 underlying companies-among them the Wideners, the Elkinses and other First Philadelphia Families-this was a mighty fine deal. Their original investment in one case consisted...
Victory for the trusts, profiteering from the Civil War, land-grabbing, fancy promotion schemes enabled a host of new millionaires to grab economic control of the country and throw $50,000 parties, but these victories also resulted in the Populists, the Knights of Labor, the Sherman Anti-Trust law, the first Federal income taxes. Further victories for wealth inspired further income taxes, inheritance taxes, soak-the-rich propaganda...