Word: trusts
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Dates: during 1920-1929
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...London from a business trip to the U. S. and imparted to his countrymen some shrewd advice. "I want to say a word." he began, "against slavish copying of methods which may have produced prosperity in other lands. Take such experiments as American mass production methods or German cartelized [trust] control of entire industries. These may be only passing phases. At any rate remember that our traditional lines of development have little in common with those countries...
Ideal would be the bank that had all deposits and no withdrawals. Utopian, of course, such an idea. Yet a long step toward it has been made in the organization of a new (as yet unnamed) trust company in Scarsdale. Unique feature of this bank will be a bill-paying service for depositors. When a bill comes to the depositor's home, it is approved, sent to the bank and paid by the bank out of the depositor's funds. Thus the depositor is saved the mental anguish of writing a check and Scarsdale tradesmen receive prompt remittances...
...shown by the fact that cartel representatives, meeting in Paris, last week allotted 74% of the export trade to Germany, 17% to France and 8% to Switzerland. Sole check to cartel plans was the failure to bring Britain's chemical industry into the cartel structure, but cartel leaders trust that they will eventually be able to overcome the British tradition of individualism which has thus far made the United Kingdom a conspicuous exception to the prevailing cartel trend...
...circumstances in any newspaper if it did not feel that the investment in itself was wise and profitable." All told, International holds over $10,000.000 of newspaper securities: Boston Herald and Traveler: 10,248 shares (50%) of the common stock bought for $5,380,200. According to a trust agreement this stock is not voted by International. Brooklyn Daily Eagle: $1,954,000 in notes and 400 shares (40%) of a holding company which controls the Eagle. Albany Knickerbocker Press and Evening News: $450,000 of preferred stock and 3,000 shares of common. Ithaca Journal News...
...stock of these papers. In spite of the earnest Graustein statements about the Graustein press, almost all the rest of the press flayed the Graustein policy. Conservative editors saw it innocent enough but potentially dangerous to press freedom. The yellower sheets saw nothing but machinations of the Power Trust-and undoubtedly hoped to capture circulation from the 13 Graustein papers by painting them black. Said the Hearst press: "The Federal Trade Commission has uncovered the power trust's nationwide practices of buying reporters, editors and news agencies. "We believe that Congress, if it will, can find...