On the morning of June 1, 1938, black-robed Federal Judge Francis Gordon Caffey looked down from his huge bench in Manhattan's gleaming new U. S. courthouse upon a bank of lawyers. Standing at the flat, mahogany counsel table with a sheaf of notes, earnest, tousle-headed Walter Lyman Rice, trust-busting Special Assistant to the U. S. Attorney General, was ready to give his opening outline of a lawsuit to dissolve $253,000,000 Aluminum Co. of America as a monopoly in restraint of trade.

Judge Caffey put in a word first. Said he: "May I inject...

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