Word: trusts
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Dates: during 1920-1929
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Another Methodist attempt to meddle with Medicine brought another tart rebuke last week. The Voice of the Board of Temperance, Prohibition & Public Morals of the Methodist Episcopal Church had blasted at the "lying, murderous campaign of the American tobacco trust" to get women to smoke. The Voice had cried: "Sixty percent of all babies born of cigaret-sucking mothers die before they reach the age of two." Investigation showed that the Voice got its research from hearsay and a man whose name resembled that of a doctor whom the American Medical Association calls a quack...
Ford. Interviewed by Electrical World, Henry Ford preached frank monopolism. "People talk about a power trust," said he. "I only wish that there actually were a power trust, a central directing organization for the development of every power source in the country." He saw no evil in exploitation of power resources for private profit. "The real profit," said he, "is not what the promoters get but what the country gets...
...year, but after E. H. Harriman purchased it from T. D. Blackstone it grew more mortgages than it could carry. In 1889 it acquired a $45,000,000 mortgage, on which it has steadily paid interest. In 1900 came a $22,000,000 mortgage, held by Farmers Loan & Trust Co., Manhattan, and in 1912 an $18,000,000 mortgage held by United States Mortgage & Trust Co., Manhattan. No interest was paid on the $22,000,000 mortgage after the receivership of 1922 and no interest was paid by the $18,000,000 mortgage at any time. The Federal Court decided...
Oswald Garrison Villard of Manhattan, editor of The Nation, was bequeathed the residuary estate (more than $100,000) of Mrs. Harriet C. Flagg of Brookline, Mass., when she died a few years ago. He maintained that the bequest was a trust, to be contributed by him to humanitarian causes advocated both by himself and Mrs. Flagg (famine relief, laborers' welfare, Negro social advancement, free speech, printing and assemblage). Flagg relatives contested that the "trust" was too indefinite, that they were entitled to the property. Last week the Massachusetts Supreme Court held that the bequest had been made outright...
...matter. Prices of nitrate vary with each port of delivery. The immediate result of the international agreement will be a 5% reduction in prices. U. S. ports, however, are open markets. U. S. nitrate producers were excluded from the cartel because price-fixing is contrary to U. S. anti-trust laws...