Word: antitrust
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...Monopoly control of industry should be attacked through 1) additional funds for the Justice Department's Antitrust Division and the Federal Trade Commission; 2) higher fines for corporations and officials guilty of violating antitrust laws; 3) new legislation to limit corporate mergers; 4) laws making patents available to anyone willing to pay for them; 5) Federal registration of trade associations (to stop any price-fixing activities...
Four years ago the U. S. Government, on the grounds that Aluminum Co. of America is a monopoly, started an antitrust suit that has yet to be decided. Last year the Government took a more direct route to the same end. Its RFC loaned smart little Reynolds Metals Co. $15,800,000 to build its own aluminum ingot plant (in Alabama) to compete with Alcoa. Month ago RFC advanced another $4,200,000 to Reynolds, to help with a Bonneville plant. Last week Reynolds Metals put out its 1940 report, proof that Alcoa's competitor was growing fast...
Assistant Attorney General Thurman Arnold brought criminal action against the Carpenters on the grounds of interference with interstate commerce, argued that unions are subject to the Sherman antitrust act. Justice Frankfurter held instead that the 1914 Clayton Act and the 1932 Norris-LaGuardia Act tended to exempt unions from anti-trust law, granted labor immunity from anti-trust prosecution no matter how directly their jurisdictional disputes operate in restraint of trade...
Meanwhile Trustbuster Thurman Arnold joined the fray, charged the producers with "harsh, onerous and unfair trade practices," indicted Hollywood's Big Eight (Loew's, Paramount, Warner Bros., RKO Radio, 20th-century Fox, Columbia, Universal, United Artists) under the antitrust laws. His announced objective was to divorce production and distribution, make the big producers ' give up their 2,400 theatres. Last spring he called the industry a dictatorship, insisted it must be reorganized. While independent exhibitors cheered, the Big Eight sent their lawyers to Washington...
Over two months ago Bausch & Lomb Optical Co., makers of about 50% of all the military optical goods sold in the U. S., was indicted under the Federal antitrust laws because it had an old sales & patent agreement with the German firm of Carl Zeiss. The agreement, Government men hinted, prevented B. & L. from selling range finders, gun sights and other fire-control instruments to the Allies...