Word: anti-trust
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...took more than ten years for Congress to exempt U.S. telegraph service from the provisions of the anti-trust laws so that Western Union and Postal Telegraph could merge (TIME, March 8). After that it took less than ten weeks for the two companies to work out the details of a combination to end useless duplication in a business where competition is costly and unproductive. The agreement announced last week: Western Union Telegraph Co. will buy out Postal, through an exchange of stock. Now all that needs to be done to make the merger a fact is for stockholders...
...Suit In the eight months since the Government filed its anti-trust suit against Associated Press (TIME, Sept. 7), the clamor of A.P.'s defense has been incessant and loud. Fortnight ago came the first clear non-A.P. voice. Up rose 57-year-old Zechariah Chafee Jr., ruddy Harvard law professor and one of the nation's great authorities on free speech. His statement came near not being published at all. Behind this controversy was a history important to all newspaper-reading citizens. The A. P. suit was filed Aug. 28, 1942, shortly after pro-New Deal...
...Nerves. Because it commands a widespread network of communications, A.P. has been able to trumpet its side of the anti-trust suit up & down the land. The war of nerves has been relentless. Hundreds of papers, either A.P. members or sympathetic, have plumped editorially for A.P. A.P.'s General Manager Kent Cooper last fall published a book (Barriers Down) in which he pictured A.P. as a ceaseless, unselfish fighter against monopoly. A.P. has itself published two large volumes containing hundreds of pro-A.P. editorials from A.P. papers...
Labor unions were received with skepticism by many students, a majority voting that they should have less power. By a two to one vote, the formation of a labor party in this country was opposed, and a 60 per cent majority urged that anti-trust legislation be applied to labor unions...
Main reason for this economic nonsense is that, under anti-trust laws, a telegraph merger is illegal unless specifically authorized by Congress. And Congress was molasses-slow in wrangling through a bill satisfactory to all parties-particularly to security-minded labor. (The labor confusion was confounded by the fact that Postal has a C.I.O. contract while Western Union is A.F. of L.) Last week, at long last, a telegraph merger bill went to the White House for the President's signature. Its chief labor safeguards might have sounded fair enough during a depression, but they sounded peculiar...