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...Chicago last week, after 3½ years of legal skirmishing, the Government's antitrust suit against the Du Ponts was finally under way. In his opening statement, U.S. Attorney Willis L. Hotchkiss outlined the charge: 117 members of the Du Pont family-59 of them minors aged four to 20-had conspired to restrain trade through a $5 billion empire composed of the Du Pont chemical company, General Motors and U.S. Rubber. Hotchkiss wanted the court to force the Du Fonts to sell their chemical company's 23% common-stock interest in G.M. (now worth $1.3 billion...
...Chappaqua, N.Y. neighbor, Reader's Digest Editor DeWitt Wallace (TIME, Dec. 10). Between the time Miller made his first phone call to Wallace in April 1951 and the time the story ran, Digest editors had selected two of Miller's cover stories for reprinting - on Du Pont's Crawford Greenewalt and U.S. Steel's Benjamin Fairless. The Digest also reprinted Miller's article on human relations in industry (TIME, April 14), one of the most reprinted stories in TIME'S history...
Last week the party expelled Guingouin, and, as usual, beat its victim to the smear. Said Communist L'Echo du Centre: ". . . For many years he [Guingouin] has been disposing of considerable sums, of indeterminate origin, under party control, which have been accumulated and hidden away in various secret places . . . The total of these clandestine deposits is many millions of francs." Although seven billion francs, seized in the train robbery, had been returned to the French government after liberation, a sum of three billion was still unaccounted...
...Round Coverage. Du Pont Co. announced it will soon build a plant to produce Mylar, a new Cellophane-like film which it claims is two to eight times stronger than other films and unaffected by wide-range temperature changes. Mylar will be chiefly used as an electrical insulator, in packaging, and as a magnetic recording tape. Price: $3 a lb. v. 55? for Cellophane...
...kidney disease; in Paris. As Ambassador to Rome during the '30s, he became a great friend of Mussolini, tried to keep Italy from joining the Axis. In 1937 he was plunged into a diplomatic scandal when, as he was about to board a train at Paris' Gare du Nord, he was shot in the groin by a French journalist named Madeleine de Fontanges, who claimed that he had ruined her romance with "My Benito" by advising II Duce...