Word: trusts
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Dates: during 1950-1959
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...following fall, the first real pangs of prohibition began to rise at the College. One of the University's more casual bootleggers published his own exclusive story in the CRIMSON explaining that the students could no longer trust the "hypocritical state cops" who were, incidentally, responsible for the arrest of one of the bootlegger's best friends...
...stake was $1,200,000 of interest accumulated in a trust fund set up 50 years ago by an art-loving Chicago lumber merchant named Benjamin F. Ferguson. Ferguson's intention had seemed clear enough: "The erection and maintenance of enduring statuary and monuments, in whole or in part of stone, granite or bronze in the parks, along the boulevards or in other public places." Chicago's Art Institute got the job of picking appropriate subjects and sites...
MERGER CURBS are in the wind at the Federal Trade Commission. Chairman Edward F. Howrey is considering asking Congress for new powers to require all corporations to file preliminary merger plans with the Commission. If the merger appears to violate the Clayton anti-trust act, the Commission will issue a stop-order, pending a court trial...
...business for Glore, Forgan, first presented his scheme to Raymond Newman, a financial adviser for the Herzfeld brothers and McCulloch. during a visit to Milwaukee to see his father (his mother renounced all claims to the custody of her son when she divorced his father in 1920, and a trust of upwards of $300,000 was set up and later turned over to the lad). Schlesinger said that his mother had put $500,000 in a "hush-hush" Louisiana oilfield. As recounted in the indictment, he said that "Mrs. Harrison Williams had authorized him to sell a 10% interest...
...hopes to cut production costs, boost sales of Crane's bathroom fixtures, industrial valves, fittings, etc., continue diversification into such operations as mining rare earths, refining titanium, turning out aircraft accessories. To work with Elliott, Crane brought in Mark W. Lowell, vice president of Continental Illinois National Bank & Trust Co., to fill the vacant post of board chairman...