Word: antitrusters
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Dates: during 1940-1949
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...statement that touched off the season's cascade of antitrust suits, Attorney General Thomas Campbell Clark had called for jail sentences for those who "conspire to maintain or increase present prices." Ever since, the antitrust division's 160 lawyers have been working overtime filing charges against leaders of the rubber, brake-lining, color film and oil industries (TIME, Sept. 1). All were accused of conspiracy to fix prices...
Many a businessman last week nodded agreement. The Federal Trade Commission's attack on the steel industry's "price-fixing conspiracy" (TIME, Aug. 25) had hardly left the headlines when the Department of Justice's Antitrust Division sprang into feverish action...
Also Up: Hot Potatoes. All this caused an unseemly bit of scurrying in Washington. Attorney General Tom Clark hastily ordered his understaffed antitrust division to get hot after collusion in price gouging. Tom Clark blustered that jail terms were in store for businessmen who conspired to boost prices in food, clothing and housing...
...have slowed their fastest freight lines to the speed of their slowest competitors. The railroads justify it by saying that to speed them up would congest freight yards, disrupt passenger service and create locomotive shortages (by increasing the number of short, fast trains). But the U.S. Government, in an antitrust suit, charged that the slowdown was primarily to prevent rate cuts by slower lines trying to compete with faster ones...
...signature on one bill stripped him of some 175 wartime powers. The bill put a deadline on many veterans' benefits (unemployment pay for veterans now out of the services will end July 25, 1949). It also repealed (as of Jan. 25, 1948) the wartime suspension of antitrust prosecutions, ended such war measures as employment of $1 -a -year...