Word: antitrusters
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Dates: during 1940-1949
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...firm to join the Department of Justice in 1934. Except for two wartime years in the Coast Guard, he has been hardworking his way up ever since. A dark-haired six-footer, Bergson last week was named by the President to head the department's Antitrust Division, succeeding John F. Sonnett...
Even for a man who works ten hours and up a day and most of his weekends, it will be a full job. Antitrust currently has 119 cases and 190 investigations pending, will be even busier after July 1, when it gets the biggest appropriation in its history ($3,400,000). Also, as part of its campaign strategy, the Administration is expected to let fly with a few trustbusting suits where they will do some vote-getting good (with an eye on the farm vote, it plans to move against farm machinery manufacturers soon). In 39-year-old Herbert Bergson...
Trustless Rails? The Senate passed and sent to the White House the Bulwinkle Bill to exempt railroads and other common carriers from antitrust prosecution in connection with agreements on rates (but not on services, facilities, etc.) which are approved by the Interstate Commerce Commission. President Truman is expected to veto the bill. Congressional backers of the bill think they can muster enough votes to override a veto...
...reviewing the reams of testimony on Young's year-old plea, ICC found all sorts of reasons for saying no. For one thing, any closer alliance between the C. & O. and Central would lessen the "extensive competition" between them, would thus violate the antitrust and interstate commerce laws. For another, "the applicants have not shown that either public or private interests will not be adversely affected." ICC reckoned that half a dozen other railroads-and therefore the public -would have been harmed. Example: Frank D. Beale, president of the Virginian Railway Co., wailed that a C. & O.-Central link...
...completed but unreleased picture, Mad Wednesday, another $3,000,000 for Vendetta, still unfinished. And he still has $1,750,000 tied up in The Outlaw. With RKO's chain of 124 houses, Hughes will now have an outlet for his movies, at least until the antitrust suit against moviemakers is settled...