Word: trusts
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Dates: during 1920-1929
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...Before I took office ... in 1921 . . . I resigned every office I then held in any corporation and resigned all my directorates. ... I sold every share of stock I owned in every national bank, trust company or other banking institution. I then owned and I now own a substantial amount of stock in the Gulf Oil Corp., the Aluminum Co. of America, Standard Steel Car Co. and other business corporations, but in every case my holding is very much less than a majority of the voting stock of such corporations. . . . My active connection with them was severed in 1921 as completely...
...admirable success of the Housing Trust to date should indicate that there is no need for the University itself to take definite measures to provide homes for its faculty except in special cases. Obviously the home for the head of the Business School is a special case. Its close relation to the other buildings of the school will enable the Dean to keep in close touch with his affairs and will render easy the duties of "landlording" required from the University. The proposed masters' houses to be built in connection with the projected Harvard system appear to have the same...
...Power Trust has taken to heart and made its own, the old Motto: As the twig is bent, so will the free inclined. We are right up against a situation where we have got to determine just what these great power interests are doing to us and what we have got to do about them...
Rumours which have been current throughout the winter were brought to a head yesterday afternoon, when Representative Hagan, speaking in the Massachusetts legislature, linked the nefarious interests of the Power Trust with the Harvard Business School. Hagan demanded a sweeping investigation into the activities of these companies with special emphasis upon their attempt to "invade the sacred portals of Harvard" in the exercise of their influence...
While the number of trust funds for charitable enterprise are not so numerous as to make the field closed to any newcomers, many people may feel that Senator Couzens' departure from the beaten path is timely. Much can be said about the advantages of a permanent fund for philanthropic purposes. But it is also possible that the seventeen and a half million dollars which the retired automobile manufacturer proposes to spend in the next quarter century will be more advantageous when used in a concentrated form than if strung out indefinitely and administered by future trustees...