Word: trust
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Dates: during 1940-1949
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...stood, and approved what it knew he stood for. New Hampshire-born (Calvin Coolidge used to run legal errands for his father), Harlan Stone had been dean of the Columbia Law School, was back in private practice when Calvin Coolidge made him Attorney General. He had barely begun anti-trust proceedings against Aluminum Co. of America when he was appointed to the Court in 1925. Attacked as a corporation lawyer, he turned out to be a solid liberal who was soon writing dissents with Holmes and Brandeis. He dissented when the AAA was declared un constitutional, supported the New Deal...
Back to private law practice last week went handsome, cigar-eating David Schenker, head of SEC's investment-trust division. A fixture in Washington since SEC began, able Dave Schenker was counted out for a Commissioner's seat after he got on the wrong side of a couple of political fights...
...even those who considered the bill a dangerously blank check did not worry about Jesse Jones's cashing it. Congress had learned to trust him. Said Hamilton Fish: "I believe that this fund is in safe hands when placed at the disposal of Jesse Jones. ... I would bet on Jesse Jones to outguess and outbargain Hitler, Mussolini. ..." The House passed the bill (218-to-116), sent it on to conference, where no trouble is expected...
Preliminary investigations of the talent bureaus by the Anti-Trust Division of the Department of Justice are also believed to have inspired the two networks' scurry from under. Rumored next step to be taken by NBC and CBS towards placating antimonopolistic FCC: the sale of their transcription libraries...
Another barrier to new pipeline construction has been a Federal anti-trust suit against 22 major oil companies. Attorney General Jackson got behind fellow New Dealer Ickes at once, announced that anti-trust suits would not be allowed to interfere with any pipeline program the new dictator might devise...