Word: netted
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...reporters Merkl explained that he had been trained in Germany as a copper wire net maker, started making traps to catch rats and weasels that were killing his Ossining hens. The American Humane Association gave him a prize for the most humane animal trap and Merkl went into business in his shed making traps by hand, far more slowly than his two sons could sell them. "I have to punch and rivet by hand. If only I had a spot welder. I make about 150 small traps a week. I can get orders...
Railroad with the biggest net income in the U. S. is the Van Sweringen-controlled Chesapeake & Ohio which operates 3,120 miles of track from tidewater Virginia through the West Virginia and Kentucky coal fields to Louisville and Chicago. Every year since 1925 C. & O. has earned from two to four times fixed charges. It is the only Class I railroad to continue paying 1929 dividends all through Depression. In 1933 it raised its dividends from $2.50 per share to $2.80. And last week C. & O. hung up another record when it awarded contracts for $11,819,000 worth...
...violation of the Sherman Antitrust Law (TIME, Sept. 10). Round No. 2 came in November when ASCAP countered with a driving defense, filed in behalf of its 1,015 songwriters and publishers. For the use of its members' music ASCAP now demands a 5% share of broadcasters' net receipts. Radio claims that it would be starved without the millions of songs which ASCAP controls. But Radio objects to ASCAP's price and to the terms which ASCAP has been able to dictate...
...Manhattan last week Federal agents suddenly clapped Scaffa into jail on a charge of having violated the Stolen Property Act by transporting the Bell jewels back from New York to Florida after the robbery. Two days later their net widened to include four notorious Broadway characters charged with complicity in the crime. Scaffa's attorney, his mind whirling with headlines about interstate commerce, commenced to argue that the Supreme Court's Schechter decision had invalidated the Stolen Property Act as well as the NIRA. The judge promptly shut him up, fixed Scaffa's bail...
Founded in 1915 by William Fox who spent 15 years building up his enormous theatre chain, Fox Film Corp. became, except for Paramount, the biggest cinema company in the world before its founder was ousted in 1930. Reorganized in 1933. the company's net profit for 1934 was $1,273,000. Twentieth Century owns no theatres at all, exists solely as a medium for the producing genius of excitable little Darryl Zanuck. The company was organized two years ago when Zanuck squabbled with Warner Brothers, where he had worked up from comedy script writer to production chief. He persuaded...