Time Clock, Dec. 14, 1953

TRANSAMERICA Corp. finally won its bitter monopoly fight with the Federal Reserve Board. The U.S. Supreme Court refused to review a lower-court ruling that FRB had not proved Transamerica's 47-bank chain in five Western states to be a combination in restraint of trade. With that, FRB dropped its charges.

REPUBLICANS have been putting pressure on Secretary of the Interior Douglas McKay to replace Bonneville Power Administrator Paul Raver, first appointed by Harold Ickes in 1939. But McKay, well aware of Raver's popularity in the Northwest, will not ask for his resignation, even though...

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