Word: antitrust
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This week the finger of justice was leveled once more at long-dead Ivar Kreuger. He was named, dead or alive, as a coconspirator in an antitrust complaint filed by the U.S. Department of Justice against 18 match corporations and match kings...
...deathblow the Committee gave to the popular belief that the U.S. magnesium shortage was due to an agreement between Dow, Alcoa and Germany's I.G. Farben. Under that deal-so the libelous rumor ran-Dow magnesium manufacture was limited, while German production was kited. Other agreements brought antitrust indictments down on the heads of Dow and Alcoa in 1941, forced them to pay $140,000 in fines after pleading nolo contendere ("We couldn't spend months in court and still have time to expand production...
...nosed Lord McGowan, 69, has sometimes been called the dictator of British industry. An office boy who rose to chairman the gigantic Imperial Chemical Industries, Ltd., he is also Britain's most persuasive and outspoken champion of cartels. To touring U.S. bigwigs, Lord McGowan has deprecated the U.S. antitrust acts. Hopefully he has asked if and when they would be repealed. Last week, Lord McGowan got his answer...
...fire insurance industry had made a well-heeled attempt to lobby Congress into legislating it out from under a Federal antitrust action now before the Supreme Court (TIME, Nov. 29). The attempt blew up in its face last week. The man who planted the mine was Wyoming's conscientious antimonopolist, Democratic Senator Joseph O'Mahoney...
...that, even if the industry is lily-white today, the Bailey-Van Nuys bill would be "a charter from Congress to do what they please in the future." Tongue in cheek, he also suggested two nullifying amendments to the bill, designed to make State regulation as effective as Federal antitrust procedure...