Word: antitrust
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...financial brain-still, at 80, a member of Du Pont's finance committee-who joined him to build the business and to expand it into the fields of peace. Shortly before World War I, E. I. du Pont de Nemours, like Baron, was found in violation of the antitrust laws and split into three separate companies. The parallels go deeper. The Barons is largely the story of Stuart. His divorce, which rocked Susquehanna society, his long and tragic attempt to marry his third cousin, Philippa, his law suit and feud with his family over disposal of Raoul...
When U.S. industry mobilizes for war production, the antitrust laws are among the first casualties. Reason: industrywide production allocations and patent pools, which are taboo in peacetime, are essential for the close integration of industries needed for big-scale war production. Last week came the first sign that antitrust prosecutions would again be eased up-or perhaps shelved completely-as they were during World War II. Lanky, eager Herbert Bergson, 44, the U.S.'s most vigorous trustbuster since the early New Deal days of Thurman Arnold, resigned...
...years as head of the Justice Department's antitrust division, Bergson had filed 135 suits, including those against Aluminum Co. of America, E. I. du Pont de Nemours & Co. and the Great Atlantic & Pacific Tea Co. (TIME, Sept. 26 et seq.). He has won 80 of his cases, lost only seven. The rest, including the big ones, are still pending. But lately there have been hints that Bergson would have less & less to do. One hint: When the Government decided to build the hydrogen bomb, it handed the big job to Du Pont. Washington no longer seemed...
When the Department of Justice filed antitrust suit against Ohio's Lorain Journal (circ. 21,143) last year, Owners and Isadore Horvitz admitted there was a basis for the charges; had indeed canceled Journal contracts with advertisers who also patron a competing radio station. But they denied any wrongdoing. The Horvitz defense: freedom of the press gave them the right to reject any ads they pleased...
Died. Representative Alfred Lee Bulwinkle, 67, Congressman from North Carolina since 1921 (with one break, 1929-31); after long illness; in Gastonia, N.C. He was co-sponsor of the Reed-Bulwinkle bill, passed in June 1948 over President Truman's veto, to exempt common carriers from antitrust prosecution for entering into rate-fixing agreements...