Word: trust
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Dates: during 1940-1949
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...four years Thurman Wesley Arnold (ex-Yale law professor, former mayor of Laramie, Wyo.) had ridden herd on trusts like a paunchy cowboy. He had corralled more monopolies, obtained more indictments of corporations and labor unions than any other man in history. Last week his trust-busting rodeo was over. To the Senate the President sent his nomination to be an associate justice of the U.S. Court of Appeals for the District of Columbia...
...Justice Department's Anti-Trust division, the irreverent, irrepressible Assistant Attorney General had long since reached a dead end. First capital, then labor had been irritated by his monolithic determination to enforce the Sherman and Clayton anti-trust laws. Two years ago Arnold's brisk roundup of labor unions for trade-restraining practices was brought to an abrupt halt. The Supreme Court virtually forbade anti-trust prosecution of organized labor...
...slowly narrowed the big industries in which Thurman Arnold could move. He shifted his strategy, attacked trusts for their sins against defense, smashed Hydra-headed I. G. Farbenindustrie's patent hold on the U.S. But soon he was back in essential war industries, striking out for his ideal of free pricing. The Army & Navy began to complain of his robust interference. Thurman Arnold went right ahead building up a case against railroads for rate fixing; Attorney General Francis Biddie turned thumbs down. Arnold's ride as a trust buster was over...
From Hitler's Vrm of Dieseltraktoren in Hanover, which delivers tractors to the occupied Ukraine and which increased its capitalization by 14,000%. Biggest absolute increase went to Henkel Soap Trust, which raised its capital from 24 to 200 million marks...
...whole thing began in 1940 after Stanley had quit Dartmouth, and started looking for something to do. With Father Floyd's help he picked up a twelve-year-old semi-dormant investment trust, changed the name to Great American Industries, bought an outfit called Virginia Rubatex Corp., which makes hard & soft cellular rubber for insulation, gaskets, seat cushions, pontoons, etc. The rubber business flourished but young Odium wanted more diversification, found it in venerable Ward La France Truck Corp., one of the biggest U.S. makers of fire engines and custom-built, heavy-duty trucks. With these...