Word: anti-trust
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...Anti-Trust Laws. The President is to set aside at will the Sherman and Clayton Acts to permit industrial work & wage codes to operate legally. The Senate attempted to nullify industrial control by prohibiting price-fixing. A tacit admission that price-fixing is to form a part of most trade agreements was made when that prohibition was finally knocked...
...legislation, for all the powers it gave the President to put Government and Business into "partnership," contained few surprises. As a price for having the Anti-Trust laws suspended, each industry was to draft and subscribe to a fair trade code to be approved by the President. Each such code was to ration production so that some plants would not work 24 hours per day while others stood idle, to reduce working hours so that more employees could find jobs, to set up a minimum wage so that sweatshop operators could not steal the market, to give labor a free...
...each branch of industry was to draw up agreements to ration production, fix prices, eliminate cut-throat competition, set working hours, establish a fair wage scale. The Federal Control Board would approve such agreements as were in the public interest. Others would be ordered revised or scrapped. The anti-trust laws would be waived to permit each agreement to become effective. Minorities in each industry which tried to buck majority agreements would be whipped into line by the Federal Board. Labor would get the right of collective bargaining; "yellow dog" contracts, wherein workers promise not to join unions, would...
...first step called for a series of Washington conferences with the producers and processors of each basic commodity to shape up an operating program on marketing agreements. If most millers consent to buy wheat from growers at $1 per bu., Secretary Wallace can suspend the anti-trust law to sanction such a bargain. If a minority group of millers refuse to join the agreement and try to beat wheat down to 80?, Secretary Wallace can, under the law. coerce them into line by suspending their Federal licenses as processors and penalizing them $1,000 each day they continue without...
...sidedness of a partnership with Government was last week amply forecast. In adjoining columns of many a morning newssheet appeared parallel accounts 1) reporting the Administration's plans for raising prices and relaxing the anti-trust laws to prevent useless competition; 2) reporting that Secretary of the Interior Ickes, having opened ten sealed bids for 400,000 barrels of cement for Boulder Dam. found them all uniformly $1.29 a barrel, up 20? since two month? ago. Angered, Mr. Ickes demanded that the Federal Trade Commission investigate whether the companies had entered into illegal price-fixing agreements. Not inconsistent were...