Word: antitrusters
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Dates: during 1940-1949
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...news; it was issued from Quebec. Secretary Hull announced that he is already planning an international conference on cartels. Washington believed that what Mr. Hull had in mind was a convention against cartels, that he would like other nations to subscribe to the philosophy of the U.S. antitrust acts. Next day, for plain citizens still hazy on why the Administration was so excited, the Justice Department's antitrust division provided an example...
Borax Cartel. Seven companies, headed by British-owned Borax Consolidated, Ltd., and American Potash & Chemical Corp. and eleven individuals (four living in Britain) were indicted by a federal grand jury in San Francisco. The charge: violating antitrust laws by operating a worldwide cartel in borax. The antitrust division alleged that the companies controlled over 90% of the world supply (used for bombs, steel and copper alloys, etc.), most of which comes from California's Mojave Desert. The companies allegedly had kept prices skyhigh, had eliminated competition, and had hampered the war effort seriously. The antitrust action further charged that...
Cartel Hater. The man who sketched this picture was balding, dimple-chinned Wendell Berge (rhymes with dirge), 41, boss of the antitrust division. Berge had gone West to present his case, making seven anti-cartel speeches along the way. Before that, he had done the spadework for the Administration's campaign, with 28 indictments now pending...
...Association of American Railroads, and Wall Street railroad-bankers J. P. Morgan & Co. and Kuhn, Loeb & Co. Bantamweight Attorney General Francis Biddle filed an antitrust suit in Lincoln, Neb. charging the railroads, et aL, with...
Said the New York Times: "The antitrust suit . . . has all the earmarks of a political move in the Democratic election campaign...