Word: trust
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Dates: during 1940-1940
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...politician who has kept out of the mainstream of politics. As Chief of Police, he has fired 57 out of 94 prefects, 230 out of 261 sub-prefects, appointed Army and Navy officers in their places. With the Foreign Ministry under Pierre Étienne Flandin, whom Petain does not trust either, the Marshal must have felt the need of a pair of shoulders as husky as M. Peyrouton...
Servants of the Bellows, "to be blown into office annually unless blown out," are High Wind (President) William Rumboll of Ernst, Berg & Cia.; Whirlwinds (Secretaries) George Ward and Alan Murray, both of London & South American Investment Trust; Receiver of Windfalls (Treasurer) and Keeper of the Windbag (Assistant Treasurer) Colin Shearer and George Collins, respectively...
...years ago, the Department of Justice filed an anti-trust suit against ASCAP (American Society of Composers, Authors & Publishers). Bogged down until last December, the case warmed up when trust-busting Thurman Arnold turned it over to plump, blond Victor Waters, his able assistant. Since then the Department has been busy bolstering its contention that ASCAP is a monopoly. Thread of the Government argument: Since ASCAP insists that clients contract for all ASCAP tunes or none, any individual composer who is a member of ASCAP is deprived of potential profits when ASCAP terms are refused. "The profit from a song...
...planes, the key material is not steel but aluminum. Already harassed by an anti-trust suit that predated even Thurman Arnold, Aluminum Co. of America faced a much more important test of social responsibility in 1940. It entered 1941 with a 380,000,000-lb. market, enough to keep it at capacity. But latest forecast for 1942 is that aircraft alone would need 300,000,000 Ib. It was announced that Aluminum Co. by then would have 825,000,000 Ib. of capacity...
...tell his friends about his North America Investment Fund, Inc., of his success in increasing its original $100,000 assets to over $1,000,000 by 1929. They bought $165,000 worth of its preferred stock. The common was good for loans from conservative National Bank of Germantown & Trust Co., from big, respectable Philadelphia National Bank...