Word: trusts
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Dates: during 1920-1929
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...factors, that Nominee Hoover might well have wished to avoid stump discussion of Boulder Dam. But Senator Johnson, his alleged ally, without whose friendship California might not be Hooverized, last fortnight cried out that "no man on earth is so sacrosanct but that his position on the Power Trust and Boulder Dam should be made plain" (TIME, Aug. 13). And so, after his multitudinous reception in Los Angeles last week, Nominee Hoover mounted the city hall steps and said...
...Anyway, I'm against any revision of the thing via emotion. The Eighteenth Amendment was swept in by emotion. Governor Smith wants to get a change by emotion, inspired by his magnetic personality and popular appeal. I'd much rather trust the question to a mind like Hoover's, that will get the facts...
...toped and swizzled in Sweden has been approximately halved during the past 15 years. Arrests for drunkenness have been halved. Crimes of violence have been reduced almost two-thirds. Swedes give the credit to Dr. Ivan Bratt. Yet he has just resigned as President of the Swedish Liquor & Wine Trust: a unique corporation, doing business with the strange object of making as few sales as possible yet always paying to contented shareholders...
Though the Liquor & Wine Trust (Vins och Spritcentralen) stands rock founded upon 7%, its other principles are more interesting. The return to shareholders can never be more than 7%. The surplus profits, amounting to 46% of sales last year, are turned over to the National Treasury, and usually constitute of the revenue of Sweden. Yet even these principles are not the most interesting...
Money. In Terre Haute, Ind., money moved from behind iron bars, to the curb in front of the Citizens National Bank & Trust Co. Within a cage set up on the sidewalk sat a teller. Banking motorists could cash checks, make deposits, without leaving their cars...