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...refiners. After meditating last week at Hyde Park, he decided that discretion was the better part of principle-simultaneously signed the Sugar Bill and denounced it, indignantly insisting that a sound measure had been "seriously impaired in its value by the inclusion of a provision designed to legalize a virtual monopoly in the hands of a small group of seaboard refiners." He added: "I am approving the bill with what amounts to a gentleman's agreement that the unholy alliance between the cane and beet growers on the one hand, and the seaboard refining monopoly on the other...

Author: /time Magazine | Title: THE PRESIDENCY: Fair and Fishing | 9/13/1937 | See Source »

Until recently Hamilton has had a virtual monopoly of the propeller business. Lately, however, it and its most formidable rival, famed old Curtiss-Wright Corp., have been seeking another propeller improvement-full feathering of the blades. Curtiss-Wright devised an electric motor which nestles in the hub of the propeller and changes the pitch to any angle from o° to 90° whenever the pilot wishes. If an engine fails, the pilot merely adjusts the propeller pitch to 90°, which means that the blades feather (present a streamlined knife-edge to the wind), do not revolve. This...

Author: /time Magazine | Title: Transport: Full Feathering | 9/6/1937 | See Source »

...Passed, 37 to 26, a bill permitting helium to be sold abroad in "nonmilitary" quantities, thus making the non-inflammable gas ( a virtual U. S. monopoly) available to foreign dirigibles like the late ill-fated Hindenburg...

Author: /time Magazine | Title: THE CONGRESS: Work Done, Aug. 23, 1937 | 8/23/1937 | See Source »

...death of their leader. Practical considerations moved other Democrats to feel that the death of Senator Robinson might be a political good fortune for the President, not only giving him the opportunity to appoint anyone he wished to the Supreme Court instead of Senator Robinson who had a virtual claim on the one existing vacancy, but also because dropping the Court fight might prevent a permanent split in the party. The speech of Hatton Sumners, which the House had so vigorously applauded, was full of such sentiments...

Author: /time Magazine | Title: THE CONGRESS: End of Strife | 7/26/1937 | See Source »

...with Frank Ernest Gannett, 60, owner of a chain of 19 ultra-respectable newspapers mostly in New York State. By its terms Hearst cleared out of Rochester, where he had been losing $125,000 a year and where he once gave away automobiles to lure circulation, leaving Gannett a virtual monopoly in that city with his evening Times-Union and morning and Sunday Democrat & Chronicle. Hearst's Rochester employes, out of jobs, were attempting at week's end to raise money to start a new paper...

Author: /time Magazine | Title: The Press: Hearst Steps Nos. 2 & 3 | 7/12/1937 | See Source »

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