Word: anti-trust
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...Secured sweeping indictments in its auto-finance, anti-trust case...
...Accepted, subject to court's approval, nolo contenders pleas in its oil profit-fixing, anti-trust case (see p.48...
Thurman Arnold has spent most of the last 16 years lecturing, wittily, on law. Last October, when he was a Yale Law School professor, Yale University Press published a book of his called The Folklore of Capitalism. In it he said of the anti-trust laws that their actual result "was to promote the growth of industrial organizations by deflecting the attack on them into purely moral and ceremonial channels. . . . Men like Senator Borah founded political careers on the continuance of such crusades, which were entirely futile but enormously picturesque, and which paid big dividends in terms of personal prestige...
...Arnold's predecessor in charge of trust-busting was Robert Jackson who, last December, ran up against a haymaker from Federal Judge Ferdinand Geiger in Milwaukee. For a year Mr. Jackson's department had been investigating the connection between the Big Three motor-makers (Ford, General Motors, Chrysler) and the Big Four auto-financing companies (General Motors Acceptance Corp., Commercial Credit, Universal Credit Corp.. Commercial Investment Trust). The Assistant Attorney General was trying to get criminal indictments against them for violating the Sherman Anti-Trust Act. But Judge Geiger discharged the grand jury when he discovered that...
...June 1 for the start of anti-trust action against Aluminum Co., June 9 against Ethyl Gasoline Corp., and announced a new publicity policy in connection with anti-trust investigation. Businessmen have wished Attorney General Homer Stille Cummings and his department would tell them in advance what they were allowed to do under the antitrust laws. Mr. Cummings last week said that henceforth he would issue frequent statements covering: 1) conditions in an industry which he thinks are in restraint of trade; 2) economic results he hopes to get from an anti-trust proceeding; 3) reason he chose a particular...