Business: Fire Hose

Though they angered Roosevelt I the most, monopolies in tobacco, oil and whiskey were not the only U. S. trusts. The Bath Tub Trust made exciting news in 1899. The Wallpaper Trust was a failure.

In the depression of 1893 bakers talked darkly about a trust in gingersnaps and crackers. But not until last week did the U. S. ever hear of a trust in fire hoses.

When New York City called for bids in October 1932, the NRA was not even a political idea and the rubber industry was quoting 34ยข per ft. as...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

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