Word: trusts
(lookup in dictionary)
(lookup stats)
Dates: during 1920-1929
Sort By: most recent first
(reverse)
...Michigan, former Ambassador to Japan and to Mexico, was nominated to succeed Mr. Stone some time ago. The Senate Judiciary Committee considered him critically. Senator Walsh of Montana led the opposition to Mr. Warren, which was based on the charge that Mr. Warren was involved with the sugar trust; that, in 1902, he had purchased for the American Sugar Refining Co. a controlling interest in the stock of a number of Michigan sugar companies; that, until recently, he was President of the Michigan Sugar Co. and of the Toledo Sugar...
...Adopted a resolution for an investigation by the Federal Trade Commission into alleged violations of the Anti-Trust Law by the American Tobacco Co. and the General Electric Co. (See Page...
This ancient and honorable sport dates back to three decades ago. It was in 1882 that Samuel C. T. Dodd, onetime anti-big-business lawyer employed by the Standard Oil Co., drew up a type of trust* agreement which later made the name of trust odious as a loose term applied to any large business organization. It connoted the idea of securing monopolies by unscrupulous practices. There were two principal evils which were combatted in that third decade ago. One was the formation of pools and price-fixing agreements with the aim of driving smaller competitors out of business...
...Interstate Commerce Commission was set up to prevent the latter. In 1890, the Sherman Anti-Trust Act was passed to prevent the former. Later, the Federal Trade Commission was set up to aid in suppressing such practices and the Clayton Act to prevent interlocking directorates was passed. Meanwhile, the trusts were continuing. Things were getting bad and the country was getting frightened. Arthur T. Hadley, then President of Yale, conservative as he was, admitted, along about 1900, his fear that within 25 years the country would be ruled by an economic emperor at Washington...
...only after the anti-trust law had been on the statute books for about a dozen years that action was taken. Theodore Roosevelt was in the White House. He gave the word to Attorney General Knox. First there were investigations and publicity, then prosecutions. One after another, trusts were knocked on the head and compelled to disintegrate. In 1904 and 1905, the Northern Securities, the Beef Trust, the Addyston Pipe Co. were dispatched. Later came the Standard Oil case (which lasted for five years before the company lost and was dissolved) and the American Tobacco Co. case...