Word: trust
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
Alleghany Corp.'s Robert R. Young took a light drubbing from the U.S. Supreme Court last week. It knocked out his hope of getting control of the Pullman sleeping-car business. Young's Chesapeake & Ohio Railway Co. had bid for it when anti-trust action forced Pullman, Inc. to put the business up for sale. But Young's bid had been thrown out in favor of one made by a pool of 43 other railroads. Young had cried "monopoly." So had the Department of Justice, which put the matter up to the Supreme Court. But the Court...
...bust has been left squarely in the hands of business. A presidential suggestion for industry-wide negotiations for a slash in prices, to cushion their effect, ran into an opinion of the Attorney General that any such agreements would run counter to the Sherman Anti-Trust Law and would be illegal. Since they cannot do it collectively even in the public interest, business men will have to act on their own, in self interest. The nation can only hope that their self-interest operates quickly enough...
Financial woes have troubled the Crimson musicians also. Up to 1937 all the band expenses came out of the pockets of the members. Although independent of University Hall or the H.A.A. the group now receives contributions from alumni through a graduate trust board...
...increase in the effectiveness and independence of its staff (for example, by extending such programs as the Harvard Nieman fellowships). Since monopolistic tendencies involving newsprint, news services, and trade antagonism make increasingly difficult the founding of new newspapers, the government should enter the picture in a limited capacity. Anti-trust laws must be used to ensure real competition. The present libel laws must be made more effective in protecting persons injured by false statements. Going further, the government should employ mass communications media of its own where necessary to inform the people at home and in foreign countries...
...problems. It is Holman who refines the policy and distributes it. Actually, most of the day-by-day problems are sensibly solved by subsidiaries on the scene. This is partly due to the Standard dictum: first get efficient and then get big. And it is partly due to the trust-busting days of 1911, when John D. Rockefeller's Jersey Standard octopus had its tentacles cut up into 34 pieces. Though most of the pieces have grown bigger than the old trust, none has garnered a big enough share of the U.S. oil business to raise the scare...