Business & Finance: Mamma Spank

Cool on the banks of piney Lake Mendota rests the quiet city of Madison, centre of a rich dairy and farming area, home of Wisconsin's State capitol and State university. Last week, though no petroleum has ever been found there, Madison became also the temporary capital of the U. S. oil industry. In the biggest trust-busting case since the famed dissolution of Standard Oil, the Federal Government last week brought to trial in Madison 18 major U. S. oil companies, five of their subsidiaries, three oil trade journals and 57 ranking oilmen.* Under the Sherman Anti-Trust...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!