Word: anti-trust
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From the way the warring sides are standing pat, it appears that the federal government will have to step in and take over swing music. The monopoly of ASCAP is being classed as an offense against the anti-trust laws. Whoever decides the issue had better do it quickly before the radio public gets tired of listening to the same old songs and turns off its radios for good...
...sign a consent decree calling for the elimination of the self-perpetuating power of its board of directors, its blanket agreement by which it sells all its properties in block, its practice of pooling and dividing its income, the Department of Justice suddenly cut loose, decided to start criminal anti-trust proceedings not only against ASCAP, but against B. M. I., NBC, and CBS as well. Said Trust-Buster Thurman Arnold: "The Department is interested in seeing that neither ASCAP nor B. M. I. can get into a position that puts the public and the composers at their mercy. ASCAP...
...years ago, the Department of Justice filed an anti-trust suit against ASCAP (American Society of Composers, Authors & Publishers). Bogged down until last December, the case warmed up when trust-busting Thurman Arnold turned it over to plump, blond Victor Waters, his able assistant. Since then the Department has been busy bolstering its contention that ASCAP is a monopoly. Thread of the Government argument: Since ASCAP insists that clients contract for all ASCAP tunes or none, any individual composer who is a member of ASCAP is deprived of potential profits when ASCAP terms are refused. "The profit from a song...
...planes, the key material is not steel but aluminum. Already harassed by an anti-trust suit that predated even Thurman Arnold, Aluminum Co. of America faced a much more important test of social responsibility in 1940. It entered 1941 with a 380,000,000-lb. market, enough to keep it at capacity. But latest forecast for 1942 is that aircraft alone would need 300,000,000 Ib. It was announced that Aluminum Co. by then would have 825,000,000 Ib. of capacity...
...Adding the "continue or revive" votes to the "good ideas badly handled" votes, FORTUNE found a majority who approved in principle of at least six New Deal measures: the anti-trust drive (72.5%), Housing and Home Loan Acts (70.9%), Wages and Hours Act (68.9%), the Hull trade treaties (67.2%), PWA (55.8%) and the Wagner Act (51.2%). Yet 94.1% agreed that such measures were preventing recovery. Some reforms which the Forum had approved in principle were also high on its list of deterrents: Wagner Act (74.5%), taxation policies (66.8%), Wages and Hours Act (48.5%), anti-trust drive (40%). Outstanding for unpopularity...