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Newspaper
Greeley Daily Tribune
Location
Greeley, Colorado, United States of America
Date
Jun 05, 1957
Page
11
Attorney SAM DAWSON reports on the Supreme Court decision touching Du Pont and General Motors. The ruling prompts debate over big business consolidation, control of stock portfolios, and potential limits on mergers amid concerns from small firms and anti-trust critics.
A sale on Friday June 7 1957 at 3 30 P M offers two properties at 621 Ellsworth Street Brush Colorado. Property 1 a modern trailer court with a house basement double garage and two street entrances. Property 2 adjoining includes a five room house and a three room rental with basements. The parcels may be sold separately or together to fit buyers.
A discussion notes that size aids growth and efficiency, with General Motors and Du Pont as top U.S. nonfinancial corporations. It highlights their massive assets, profits, and sales in 1956, plus high executive compensation, raising questions about control amid corporate bigness.
Three named Salt Lake City investors filed a district court suit in Lander Wyoming to prove an 8.203 percent stake in 110 uranium claims in Gas Hills. Plaintiffs allege an agreement with Bengal Uranium gave work in locating the claims in return for equity, but contend the property was relocated and their interest reduced by shifts in the claim blocks.
Denver dispatch reports that the Lamar federal judgeship is set to replace Breitenstein with a selection influenced by Senator Allott. Possible nominees include Alfred Arraj of Denver and Harry Petersen of Pueblo, both close friends of Senator Gordon Allott. Other names mentioned are Don Kelley Hatfield Chilson Bill Lloyd and Charles Sandhouse.
Observers note Chilson may receive the judgeship while leaders urge him to stay in the interior post with a future bench appointment. The federal district judge post would be for life with a yearly $22,400 salary.
In Huntington, J Ralph Thompson, a local television dealer, pitched a free car with every TV sale but faced buyer skepticism. Some feared ties to expensive color sets while others pursued only the car, described as a neat, 1916 to 1950 model, with Thompson noting he would offer the same car dealers give away with a car and no tricks.
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