Word: trust
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Dates: during 1940-1949
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Last week B. M. I. got out from under a Department of Justice anti-trust suit by "consenting to refrain from monopolistic practices." In its agreement with the Department, B. M. I. promised among other things to license its music on a pay-when-you-play basis, to permit customers to choose tunes they liked without taking the whole B. M. I. catalogue, to offer its music to all users of the same class on equal terms. Since ASCAP hasn't yet given in to the Department, B. M. I.'s consent decree will not go into effect...
...scale). Spanish ships were already in Argentine ports, ready to load 200,000-300,000 tons of wheat (market value: $3,700,000-$5,500,000). The affair was being financed by a "public utility having financial connections with Spain." Best guess was that that meant Sofina, international utility trust which owns properties both in Spain and in Argentina. Perhaps penniless Franco was holding Sofina's Spanish properties for ransom money to be delivered in Buenos Aires...
...German influence" was Trustbuster Thurman Arnold's way of fighting Hitler with headlines. When the New Deal debated last summer whether to quit its trustbusting efforts for the duration of the defense effort, Thurman Arnold changed his tactics. Instead of attacking trusts for sins against a free economy, he attacked them for sins against defense. To reporters he talked darkly about patent monopolies through which German firms were holding up prices and production in the U. S. He talked particularly about magnesium, in which Aluminum Co. of America holds important patents jointly with the famous I. G. Farbenindustrie (German...
...help of Dr. Gallup to sense that Jeanie's light brown hair has turned gray in the last two months, and Old Black Joe has long been a member of the angelic choir. Just to make sure he stays there, the government has decided to start a criminal anti-trust suit against ASCAP, but those who think that this may mean tuneful radio music again are in for a long wait...
...successful was Selfridge & Co., Ltd. that its owner was able to buy ducal mansions, hobnob with London sophisticates. So wild was "King" Selfridge's personal spending that he had to found a holding company-The Gordon Selfridge Trust, Ltd.-with his Selfridge & Co. common as assets to raise ?1,100,000 of quick money. By 1933 he was some $1,000,000 in debt again. Then Selfridge & Co. headed for trouble...