Word: trusts
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Dates: during 1970-1979
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...Rodino introduced the authorizing resolution by aptly quoting what British Statesman Edmund Burke had said in 1771 when the British Parliament was considering an impeachment case. "We stand in a situation very honorable to ourselves and very useful to our country, if we do not abuse or abandon the trust that is placed in us," said Rodino...
...President's legions of vociferous supporters from November 1972 are a sprinkling now. Perhaps many simply stay silent. But many, many others do not. The President has violated something too basic and precious, though sometimes hard to perceive and explain. For Nixon, a recovery of trust seems impossible, his hold on office a precarious thing. The mood is one of passive disillusionment, but here and there it flickers into the kind of flame that could consume...
...position as the industry's tough and durable old tiger. If the ultimate test of any organization is ability to grow and prosper amid wrenching changes, no organization has been more successful than Exxon. For 111 years, the business that has been variously known as the Standard Oil Trust, Standard Oil Co. (New Jersey), Esso and now Exxon has survived wars, expropriations, brutalizing competition, muckraking attacks and even dismemberment by the U.S. Supreme Court (in 1911). It has not only survived but has also grown -from a refinery in Cleveland to a global behemoth that sells petroleum in more than...
...Kenneth Jamieson (see box following page). Such men are several light-years removed from the vulgar, wheeler-dealer, overnight Texas oil millionaires of popular myth and occasional reality. Still, as successors of Founder John D. Rockefeller, they must contend with memories of the evils of the old Standard Oil Trust. Moreover, Exxon executives are inviting scapegoats simply because their company has more wells, refineries. pipelines and tankers than any other...
...always enjoy such a sound reputation. In fact, in its early days under John D. 'Rockefeller, it was a ruthless monopoly. Rockefeller opened a refinery in Cleveland in 1863, combined it with several others under the name Standard Oil in 1870, and set up the Standard Oil Trust in 1882. Standard Oil bribed many politicians and cut prices to the marrow in order to drive out competitors. One of John D.'s favorite techniques was to negotiate secret rebates from railroads, which were eager to carry Standard's petroleum; he handed them so much business that they frequently gave...