Word: anti-trust
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...drilling permits where the holders could not prove bona fide development (TIME, March 25). Next, he gave his sanction to the American Petroleum Institute's voluntary nationwide agreement to hold down oil production, only to have the Department of Justice rule that such a scheme was possibly an anti-trust violation (TIME, April 22). His third proposal was a series of state treaties under the Constitution to limit the outflow of oil. Nine oil-state governors met at Colorado Springs to cold-shoulder this plan. Last week in California, Secretary Wilbur put fresh momentum into this major Hoover policy...
...Anti-trust cases were summarily reviewed: The year began with 26 on the dockets, to which 20 were added; the U. S. won 11 out of 13 completed...
...trustees was to appoint Charles Evans Hughes counsel. To him will come not only the routine problems of passing on the legality of the triumvirate's financing, but the problem of facing the suit brought against Fox last fortnight by the Government, charging violation of the Clayton anti-trust law by its ownership of Loew...
...long time since trust-busting was a front-page activity of the U. S. Government. Last week, however, three potent U. S. corporations found themselves involved in anti-trust proceedings. Attorney General William De Witt Mitchell filed suit against Warner Brothers and William Fox and announced a general investigation of the pooled patents held by Radio Corp. of America. This announcement closely followed a ruling in which the U. S. District Court in Wilmington, Delaware, declared that Radio Corp. was following monopolistic practices in its licensing policy...
Mergers. Vigorous prosecution of every violation of the anti-trust laws was promised by Attorney General Mitchell. Changes in business conditions resulting in mergers, new methods of marketing, vertical trusts and chain stores have become so thick and fast as to be confusing to those dealing with anti-trust laws. But the Attorney-General believes the principles of present statutes will be intelligently applied by the courts. Prosperity and expansion, he thought, have increased anti-trust transgressions. Important and beneficial is the promised policy of the Department of Justice regarding questions submitted on proposed mergers and business transactions. No longer...