Wood and Woolen Co Indicted as Profiteers
The Wood and Woolen Company was indicted as profiteers with multiple counts charging similar transactions. The document notes the continuation from the first page and lists additional charges.
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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
May 27, 1920
Page
10
The Wood and Woolen Company was indicted as profiteers with multiple counts charging similar transactions. The document notes the continuation from the first page and lists additional charges.
The Department of Justice investigation at President Wood’s firm alleges the American Woolen Company controls 21 percent of U S woolen cloth output and sets prices, with profits 300 to 400 percent above 1919 levels. Wood defends pricing as not excessive while records show high commissions and cross company leadership.
The 1920 document is claimed to reveal a bold campaign of profiteering by companies as the year begins. Charles Evans Hughes is noted as counsel for the defendants in the ongoing matter.
Sir Thomas Lipton's challenger Shamrock IV slid into the water at 7 15 p m at City Island New York. The yacht wore Lipton's private signal and the Royal Ulster Yacht Club burgee. Crew and Lipton's representatives cheered, calling Shamrock IV the most dangerous yacht to pursue the America's cup.
At a meeting of the Advertising Women's Club held last night at the business women's clubhouse Bowdoin street officers were elected President A Frances Hanson vice president Anna Quinn treasurer Jeanette Abbott secretary Olive Mitchie Miss Dorothy Entwistle was chosen delegate to the world convention of the A A G C of W to be held in Indianapolis this summer
Phillips Andover defeated Huntington School 7 to 1 here this afternoon. Battery errors and a four run first inning set the tone, with Smith striking out nine for Andover through five innings and McDonald finishing. Huntington had two clean hits, Temple the Andover player among them, while Weed led Andover at bat and King and Scott made key plays.
Colonel Rodolfo Herrero surrendered to General Lazaro Cardenas at Coyulta Puebla and is being taken to Mexico City to reveal all he knows about President Carranza’s death. General Calles orders detention and questioning of all who accompanied Carranza.
Yale overwhelms Williams 12 to 1 as Coxe limits the visitors to three g hits. Holmes and Coxe both issue wild pitches while Captain Sawyer shines with nine chances and three singles. Faherty and Aldrich contribute timely plays amid a rough Williams defense.
Lynn police officer Hadwin Sawyer reports his children Alice 13 and Emery 12 were kidnapped by their mother and taken out of state. A Boston children’s society told him the pair are in their mother’s custody beyond state lines. Sawyer had gained custody in 1918 after separation. his wife Pearl Sawyer left Hooksett New Hampshire on Sunday.
The Rev. Joseph Sullivan of Chicop é is halted by Agawam police who mistook him for a liquor runner while driving home from a lecture. Officers searched a steamer trunk containing German war relics he collected from battlefields.
Dr Samuel M. Crothers addressed a thousand Unitarian laymen and clergy at the annual festival in the Somerset Hotel asserting the churchs greatest task is to turn hearts and minds from hate into constructive world work.
The speech warned that lasting world peace is impossible while bitterness lingers in individuals and nations. Rev Howard A Bridgeman mocked the provincial New Englander as not the loveliest person on earth and urged a shift toward inner peace.
About two thousand Unitarian women gathered in Boston for anniversary week and pledged aid to a fundraising drive. Speakers outlined plans for a US$3,000,000 goal, with confidence that twice that amount could be raised. Rev. F Raymond Sturtevant urged international friendship starting with Britain, praising wartime unity and a renewed Anglo American alliance.
Frederick O. Woodruff of Sudbury Real Estate Trust denies the Back Bay Tenants' Association claims of a 50 percent rent hike. He states rents will rise about 40 percent due to higher taxes coal janitor service and upkeep costs. He denies charges of unfair increases and poor service.
The record notes unsanitary and poor heating and janitor service since the purchase from the Thomas estate. About $30,000 has been spent on this Gainsboro Street property for repairs and improvements. The owner argues higher rents are needed to achieve at least 8 percent return on investment.
In Bristol Rhode Island on May 2 a steel mainmast was stepped on the sloop Resolute candidate for America's Cup defender, replacing a hollow wooden mast broken in the race with the Vanite last Saturday. The steel mast is one of two used on Resolute in 1915 and adds weight that sits the vessel lower in the water. Rigging began and completion of tuning tests is planned as soon as possible.
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