Word: underwood
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Dates: during 1950-1959
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...years since Congress passed the Sherman Act. no reputable businessmen have served a jail term for antitrust violations and none after pleading nolo contendere (no contest)-until last month. Then Federal Judge Mell G. Underwood, 67, of Columbus, Ohio set a precedent. He ordered four officials of hand implement manufacturing companies to serve 90 days in the federal penitentiary at Milan, Mich. On the way to surrender, Defendant John T. Mains, 56, former mayor of Greenfield, Ohio, put a bullet through his head. Last week Judge Underwood rejected a plea to commute the remainder of the terms of the other...
...Underwood, who was appointed 23 years ago by F.D.R. and is known as a tough man on the bench, disregarded the trustbusters' recommendations. He fined the companies $20,000 and the individuals $5,000, plus the jail sentences, saying: "In cases of this character a fine is not a sufficient deterring factor." When defense attorneys protested that the jailing was unheard of. Underwood snapped: "There always has to be a first time...
...Colorado's McNichols, Florida's Collins, Idaho's Smylie, Illinois' Stratton, New Jersey's Meyner, North Carolina's Hodges, North Dakota's Davis, Utah's Clyde, West Virginia's Underwood...
...desire: a 54-ft. yacht, a $250,000 Long Island estate, half ownership of a three-year-old Kentucky Derby hopeful named Atoll, firm control of two growing companies, vast investments in other stocks and Canadian real estate. Still he wants more. Recently he tried to merge Universal with Underwood Corp., got a cool reception and retreated. What makes Lou Chesler run? Answers Chesler: "I just cannot resist the challenge of an obvious business opportunity. Though this may sound corny, I'm also interested in deals like General Development that may do people some good in human terms." Then...
MURDER ON TRIAL, by Michael Underwood (Washburn; $2.95), represents "detection slight but genuine...