Word: trusts
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Dates: during 1920-1929
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...Internationalization of the Chinese maritime customs under an international board of control, the surplus funds, after payment of foreign obligations, to be held in trust until a Government is recognized...
...spring of 1922, Mr. Ryan, already faced with his impending bankruptcy, sold at public auction 132,914 of the 150,000 shares of Stutz which he then held. The purchaser was the Guaranty Trust Co., which later sold the stock to a syndicate composed of Charles M. Schwab and others for $20 a share?the price at which it had been auctioned. Mr. Schwab has since that time been in control of the company...
Theodore Roosevelt felt this defect in the wording of the Anti-Trust Law, and on June 3, 1911, wrote in The Outlook: "What is urgently needed is the enactment of drastic and far-reaching legislation which shall put the great Inter-State business corporations of the type of the Standard...
...Standard Oil was organized as a Trust. Ten years later the trust feature was dropped in favor of a " community of interest " in which John D. was one of 99 stockholders, under a holding company known as the Standard Oil Co. of New Jersey. This reorganization followed the Sherman Anti-Trust Law of 1890, a feature of the Standard's duel with the Government, which had begun with the investigation of 1872. In 1876 Standard influence had caused the pigeonholing of the first Interstate Commerce Bill. In 1879 Rockefeller and his associates were indicted for conspiracy, but all suits were...
...Federal Government, at the instance of Roosevelt, to whose campaign fund it is alleged that the Standard contributed in 1904, brought suit against the Standard " as a combination in restraint of trade " under the Sherman Anti-Trust Law. The case lasted four years, and dissolution was ordered in 1911. In consequence the New Jersey Co. gave up the ownership of the stock of its constituent companies, thus ceasing to be a " combination," and capitalized for $100,000,000. At that time the New Jersey Co., as holding company, owned practically all the capital stock of 38 other companies, with...