Word: antitrusters
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Dates: during 1940-1949
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...businessmen getting their heads together as OPM is anxious to encourage it. Many a manufacturer trying to follow OPM's lead has imagined Arnold's hot breath on his neck. But last month Attorney General Jackson announced that OPM-approved industry committees would not be prosecuted under antitrust. By last week he had completed a further arrangement, which makes the Antitrust Division virtually an enforcement body for defense...
Henceforth OPACS, whenever it suspects illegal collusion on production, prices or patents, can use the Antitrust Division's bulging files. As soon as OPACS certifies a case, the Antitrust Division will investigate and prosecute at once. Thus businessmen working with each other and OPM to increase production can forget about the antitrust laws. But wherever collusion is hampering defense, the Justice Department will help OPM break production bottlenecks, help OPACS crack down on prices...
...Government attached
funds of the giant I. G. Farbenindustrie, German dye trust. Indicted
last winter with several U.S. companies for violating the antitrust
laws in the magnesium industry, officials refused to appear, contending
they were not doing business as a U.S. corporation. The Attorney
General claimed that the seizure (timed with expected receipt of
$250,000 due I. G. Farbenindustrie that same day for license fees from
U.S. firms) would compel the dye trust to appear before a U.S. court if it
wanted to protest, w
...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...