Word: antitrust
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...first major policy address, Assistant Attorney General Barnes gave a sharp answer: only when the businessman is really innocent. So far, he observed dryly, he had found "some, but not many, of these 'innocents.' " Anyone who thought that the Republicans intended to scrap or vitiate the antitrust laws had guessed wrong. Said Barnes: the antitrust laws are a "nonpartisan article of faith...
Since he took office four months ago, Barnes has been personally reviewing the 138 antitrust suits now in the works, most of them Fair Deal legacies. Said Barnes: "My study of pending cases to date has convinced me that there are very few that will ultimately be terminated by dismissal." But in July he ordered the Department of Justice to drop the suit against the Columbia Gas & Electric Corp. (now the Columbia Gas System, Inc.), and last week Barnes announced the expected dismissal (TIME, Aug. 31) of the eight-year-old case of United States v. Cement Institute. This suit...
...Fresh Approach. If new violations appear in other industries, said Barnes, his Antitrust Division will start new suits. He has already started some. In July he began a new prosecution against Aluminum Co. of America, whose onetime monopoly had been declared ended after one of the most protracted suits on record (TIME, June 12, 1950). The complaint charged that Alcoa's contract to import 600,000 tons of Canadian aluminum from its divorced ex-subsidiary, Aluminium Ltd. of Canada, was an attempt to bring the two together in a new monopoly. When gasoline and fuel oil prices rose...
...litigation, more results. In two new unspecified cases, Barnes says he will put drafts of Government complaints on the desks of prospective defendants, hopes thereby to "persuade" them to abandon their objectionable monopolistic practices before even getting into court. And in another case, also unnamed, Barnes expects to make antitrust history: within 60 days, the Government and the defendant hope to submit the case to a federal court on a mutually agreed statement of facts, thereby sparing both parties the tedious months and years of testimony and fact-finding that have typified antitrust litigation, such as the investment banking case...
REPUBLICAN Trustbuster Stanley Barnes is expected to handle antitrust cases by consent decrees where he can rather than by punitive court action. Where original cause of prosecution has been removed, as in the cement basing-point case, Barnes is considering dropping prosecution...