Word: anti-trust
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...support of the Taft-Hartley Act. Still a third criticises his "reactionary" stand in regard to recent Social Security legislation. (Herter did not recommend extending benefits to 700,000 newspaper venders.) O'Brien also protests his support of the Mundt-Nixon bill, the Reed-Bulwinkle bill exempting railroads from anti-trust suits, the Case anti-strike bill, and similar "anti-labor" bills...
Cyrus Eaton was not cowering in his corner. The charges, he insisted, "can only be characterized as false and malicious. They provide the final proof that the commission has completely become the tool of our Wall Street rivals, already facing anti-trust proceedings, whose business we have steadily been taking away by our honest, but unwelcome, free competition...
...club also favors anti-inflation legis lation, development of projects similar to TVA, and vigorous enforcement of now-existing national anti-trust laws...
Alleghany Corp.'s Robert R. Young took a light drubbing from the U.S. Supreme Court last week. It knocked out his hope of getting control of the Pullman sleeping-car business. Young's Chesapeake & Ohio Railway Co. had bid for it when anti-trust action forced Pullman, Inc. to put the business up for sale. But Young's bid had been thrown out in favor of one made by a pool of 43 other railroads. Young had cried "monopoly." So had the Department of Justice, which put the matter up to the Supreme Court. But the Court...
...bust has been left squarely in the hands of business. A presidential suggestion for industry-wide negotiations for a slash in prices, to cushion their effect, ran into an opinion of the Attorney General that any such agreements would run counter to the Sherman Anti-Trust Law and would be illegal. Since they cannot do it collectively even in the public interest, business men will have to act on their own, in self interest. The nation can only hope that their self-interest operates quickly enough...