Word: coppering
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...increase in production until we have a surplus for exportation which has previously been lost because of the copper and nitrate crisis...
Died. William Alfred Moore, 13, able assistant editor & circulation manager of the mimeographed Chitina, Alaska Weekly Herald (TIME, May 25, 1931); by drowning, when he slipped from a log into the Copper River at Chitina...
...taxpayers will actually feel it. In the trading across the table, Utah's grey old Reed Smoot, Chairman of the Senate Finance Committee and leading Senate conferee outargued all five Representatives. For his side he won higher normal and surtax rates on income (TIME, June 6), tariffs on copper and lumber as well as coal and oil (TIME, May 30), excise on tires, a levy on bank checks, a cut in the stock transfer tax-all Senate items. In all, 52 disputed provisions in the big bill were compromised in the continuous 13-hour conference...
Anaconda. Long a loquacious critic of Board Chairman Charles Edwin Mitchell of National City Bank, Senator Glass beamed when Chairman Mitchell admitted that National City Co.'s dealings in common stock were illadvised, that its sale of 300,000 shares of Anaconda Copper to customers at about $125 (now $4) a share had not "created any good will and had created ill will." But he denied that high-pressure methods had been utilized. He disclaimed all knowledge of National City's Directors Percy Avery Rockefeller and Dairies Alexander Stillman participating in an Anaconda pool. He agreed with Senator Glass that...
...apathetic to Counsel Gray's inquisition had the Senators become that next day only Senators Norbeck & Townsend listened to further Anaconda revelations from Chairman John D. Ryan. With Harry Frank Guggenheim, he had acquired blocks of Chile Copper and other copper companies before they were absorbed by Anaconda through an exchange of stock. At one time Chairman Ryan said he had a profit of $1,250,000 on his Chile operation, but the Anaconda received in exchange now showed him a large loss. Smart Harry Guggenheim sold out, made $404,000. President Cornelius Francis Kelley of Anaconda, no witness, interrupted...