Word: anti-trust
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...Mother" Jones and Eugene V. Debs, the National Window Glass Workers' Union, the Irish Free State. As a member of the Judiciary Committee of the House in the 62nd Congress, he sponsored the 'Clayton Act which declared that labor unions could not be prosecuted under the Sherman Anti-Trust Law. As Solicitor General he upheld the Adamson Eight-Hour Law for railroad employes and prosecuted several anti-trust cases...
Attorney General Stone, in his first important act since taking office, instituted a suit of magnitude. He attacked a monster group-some 50 Standard Oil and other oil companies, charging restraint of trade under the Sherman Anti-Trust Act. He also asked for injunctions to stop alleged illegal procedure. The case was brought in regard to the "cracking" process for petroleum. In refining crude oil, gasoline is taken off by distillation. But on account of the great demand for gasoline, more of it is obtained by subjecting the residue of heavier oil to heat and pressure. Under this pressure, some...
...asserted that Mr. Daugherty had halted prosecution of the United Gas Improvement Co., charged with violating the Sherman Anti-Trust Law, that he had illegally turned over to a Swiss company which was in reality a German subsidiary, $6,000,000 derived by the Alien Property Custodian from the sale of its securities...
...dividends. Incidentally, this in part explains Henry Ford's willingness to buy all sorts of business enterprises of late, such as his railroad or his huge new development at River Rouge. "Lateral" trusts-i.e., mergers of industries of the same sort-are forbidden by the Sherman Anti-Trust Law on the grounds of restraint of trade. But for the "vertical trust," involving ownership of all productive and transportation facilities needed for manufacture of a product there is no legal prohibition. This is the kind of trust that Henry Ford is creating...
...America. At one time, he sat at the council table of railroad executives during the railroad strike; he acted as adviser to the coal operators during the coal strike; he was conferring with cement manufacturers who were under indictment for an alleged violation of the anti-trust law; he was attempting, as the representative of the American producers of Cuban sugar, to secure what these organizations believed to be reasonable tariff; and finally, he was giving counsel to the heads of the oil industry, which was under investigation by a Senatorial committee...