Word: controller
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Dates: during 1940-1940
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Last fortnight the Federal Trade Commission ordered Scientific Instruments, Inc. of Chicago to "cease and desist from representing . . . that its birth control device, The Rule of Life, or O. K. Calendar or any other device operating upon the same theory, provides a method of complete, or any definitely stated percentage, of birth control...
...leveling farm lands and digging excavations with some machinery he had put together. One night he attended a meeting of the Young People's Mission in Stockton. Full of inspiration, he went home to his drafting board, in no time had turned out a design for a power control unit which would co-ordinate the functions of his digging machine...
...heavy rooters that will rip up anything but solid rock to one-man, self-propelling Carryall scrapers that will "dig a nice trench." It also has a company union. There are 50 basic LeTourneau patents, but the chief reason for the company's phenomenal success is the power control unit designed by Founder LeTourneau when he went home from revival meeting...
Some of them had loaded capital structures so arranged that those who founded them were able to keep control of the voting stock although they put in little capital and the public put in huge amounts. Some were set up in such a way that insiders, by means of management fees, collected much of the gravy from the earnings of the public's money. Some were used by their managers as an unloading ground for undesirable securities...
...gang of speculators, most of them now behind the bars, for whose skulduggery Continental's bankruptcy trustee is asking $3,300,000. Stephen Paine, of Wall Street's reputable Paine, Webber & Co., lent the sharpers $580,000 to buy the voting stock of Continental, grab control of Continental's $3,371,000 portfolio. This they liquidated, replaced good stocks with securities of paper investment companies...