THE PRESIDENCY: $20,000, ooo Fine


$20,000,000 Fine

Biggest fine ever assessed in U. S. history was the $29,000,000 penalty which Judge Kenesaw Mountain Landis slapped on the old Standard Oil Co.—a fine which was never paid. Last week President Roosevelt came near Judge Landis' mark. By canceling all airmail contracts he in effect fined the stockholders of U. S. aviation companies an estimated $20,000,000, all because of the dubious methods employed by some of their company officers getting airmail contracts (see p. 30). There was a good chance, moreover, that, unlike Standard Oil, aviation stockholders would...

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