Word: antitrust
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...Larry" Fly came to Washington in 1929 by way of Texas, the U.S. Naval Academy, Harvard Law School, and private law practice in Manhattan. He joined the Department of Justice's Antitrust Division under President Hoover. There he won national renown by defeating Wendell Willkie in the historic battle of the Tennessee Valley Authority v. Commonwealth & Southern. Said Willkie: "He is the most dangerous man in America-to have on the other side...
...antitrust division of the Justice Department has eyed the $200,000,000-a-year vitamin business coldly for months. Trustbuster Wendell Berge has focused his eyes on the scholarly, highly respectable Wisconsin Alumni Research Foundation. Through a handful of patents, the foundation exercises a schoolmaster's knuckle-whacking control over the industrial giants who turn out some $60,000,000 in synthetic vitamin D (the "sunshine vitamin") and related products every year...
High Prices. In Chicago's district court, antitrust intervened in a patent-infringement suit brought by the foundation. Last week antitrust charged that the foundation has conspired with 16 companies, including Standard Brands Inc., E. I. du Pont de Nemours & Co., Pet Milk Co., Parke, Davis & Co., to suppress competition in the manufacture & sale of vitamin D. They also, said antitrust, limited the potency of vitamin D used in the widely advertised "enriched" bread, milk and other foods, thus preventing such foods from competing with the regular vitamin-D products...
Further, charged antitrust, the foundation has maintained "unreasonable" prices so that those most in need of vitamin D have been unable to afford it. Berge's example: the cost of making vitamin D that sells for from $3.35 to $10.80 is 15?. Berge asked the court to invalidate the foundation's vitamin patents, and open the richly profitable field to all comers, thus bring prices tumbling down...
...such an interchange many a U.S. industrialist has found himself, willy-nilly, in a cartel. Berge favors registration of all such agreements with the antitrust division, thus giving it the power to annul them, if advisable, without court action...