Word: antitrust
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When he came to Washington in 1953 as Assistant Attorney General in charge of antitrust activities, hulking (6 ft. 2 in., 250 Ibs.) Stanley Nelson Barnes, just resigned from Los Angeles' Superior Court, brought with him some clear ideas about how the nation's antitrust laws should be administered. Said he: "I mean to enforce them with good judgment, to accomplish the purpose of the legislative enactments, and I mean to do it without persecution." Under this general policy of reasonability, Barnes, in his three years in office, became one of the most successful U.S. trustbusters since...
Barnes entered the Justice Department amid predictions that many of the 144 antitrust cases inherited from the Truman Administration would be dropped by the Republican Administration. Barnes set that notion to rest. He has disposed of 107 of the inherited cases-but only eleven were dismissed by motion of the Government. Thirty-one of the cases were won by the Government in court, eight were lost, and 57 were settled by consent decrees reached in pretrial negotiations...
TRUSTBUSTER BARNES will soon announce more consent decree settlements in major antitrust cases being prosecuted by the Justice Department. Among companies negotiating for terms: RCA, United Fruit Co., Pan American-Grace Airways...
...down the intricate system of price fixing, market sharing and clubby restraints ("I won't produce more if you won't") that has been built up to shield British producers and sellers from the uncertainties of competition. The new bill was only a feeble imitation of U.S. antitrust legislation. And it had one gaping loophole-any "restraint" could continue if it was found "reasonably necessary" for such reasons as "maintenance of employment" or "the protection of the public...
...seven, two of Cincinnati's three, the one house in Baltimore and the two in Detroit. Shubert also owns 50% of the United Booking Office, the only agency through which producers can arrange nationwide tours. Last week, in the final act of a six-year-long Government antitrust suit (during which Lee Shubert died), Jake Shubert gave in. He signed another of Trustbuster Stanley Barnes's growing list of consent decrees (TIME, Feb. 6) agreeing to 1) sell or lease four legitimate houses in New York and six more in other cities, 2) sell his interest...