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...Federal Trade Commission's three-year-old investigation of the electric light, gas, & power industry is now in its second, most politically explosive phase. The first phase was investigating the industry's propaganda in schools, colleges and the Press (TIME, July 16, 1928 et seq.). Then the investigators tackled the more difficult job of ascertaining the financial set-up of the industry, the relationship between holding and operating companies, stock ownership, management fees, interlocking directorates. After a year's secret work, the investigators are now ready to state their findings. Since this phase of the inquiry will...
...London, where some of the world's greatest swindles are performed (Londoner Clarence Hatry still holds the record with his $67,000,000 job-TIME, Oct. 21, 1929 et seq.), Justice dealt in Old Bailey Court last week with Brynar James Owen. Swindler Owen, soon after the recent Imperial Conference of the Empire Prime Ministers (TIME, Oct. 13 et seq.), walked into the office of International Harvester Company of Great Britain, Ltd. He said that he was the director of the Institute of Agricultural Engineering & Research at Oxford University, a project financed by the Ministry of Agriculture. This...
...American Red Cross last week, just before its 50th anniversary, was in the hands of diagnosticians.* Public apathy toward last winter's drive for $10,000,000 for Drought relief and the fierce criticism of the U. S. Senate (TIME, Jan. 26 et seq.) made the brains of the organization, Chairman John Barton Payne and his Central Committee, suspect that they did not look well, were systematically deranged, might need a purge...
...Mellon and two vigorous Chicago citizens, Lawyer Silas Hardy Strawn, Chief U. S. Delegate to the Conference, and persuasive Melvin Alvah ("Mel") Traylor, president of Chicago's First National Bank, famed for his able work in setting up Europe's Bank for International Settlements (TIME Sept. 23, 1929, et seq...
...seven countries sat down in Brussels and did something tangible about one problem. World Sugar. Germany, Poland, Czechoslovakia. Belgium, Hungary, Java, Cuba signed and put into effect the Chadbourne Plan to limit production and export of sugar, restore sugar prices to a profitable basis (TIME, Aug. 18 et seq...