Word: antitrusters
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
...Wondering." While Stefan pondered, visitors to the Senate's Civil Service Committee room observed a bit of drama. Before the committee appeared solemn little Assistant Attorney General Wendell Berge, asking for an extra $600,000 for the Department of Justice's Antitrust Division. Mr. Berge was quite miserable...
...Government filed a criminal information under the Commodities Exchange Act, charging the league and four of its topmost officers with illegally manipulating a commodity in interstate commerce. Maximum penalty: a $10,000 fine and one year in jail. To boot, the Department of Justice was making an antitrust investigation of the butter collapse, and the Department of Agriculture was considering a move to cut the January milk prices...
Above all, said Sloan, the principles of the Sherman Antitrust law must be applied to unions. The jurisdiction of any one union must be limited so that "the public interest is not substantially prejudiced by strikes." This, said Sloan, can be done either by 1) dissolving existing unions into smaller parts, or 2) restricting the number of plants in any one industry which may be struck at once...
Other Weapons. Labor unions have been fined before, notably in the Danbury Hatters case in 1912, when union members were forced to cough up almost $300,000 because they organized a national boycott of D. E. Loewe & Co. hats. The hatters were sued under the Sherman antitrust act. In other ways unions have been forced to pay through the nose for various unwise acts. In 1922, when U.M.W. members killed 19 strikebreakers and wrecked the mine of the Southern Illinois Coal Co. near Herrin, the U.M.W. settled out of court for around $700,000. But never had any union treasury...
...stodgy Association of American Railroads had long been incompatible. Last week Bob Young finally packed up his three roads (Chesapeake & Ohio, Nickel Plate, Pere Marquette) and left A.A.R.'s house. As he left, he fired a Parthian shot: The A.A.R. "has encouraged . . . noncompetitive practices," thus also encouraged Federal antitrust action. It has fought to perpetuate discriminatory freight rates helpful to the Eastern, bank-run roads which dominate its affairs. "To squeeze the last dollar of revenue from obsolete equipment . . . technological development has been discouraged." To Young, wartime difficulties were not a sufficient excuse for the way roadbeds and trains...