Word: antitrusters
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Dates: during 1940-1949
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Mason's FTC colleagues take a dim view of his contention that FTC, instead of enforcing the antitrust laws, should "educate" business by telling trade associations how they should police their own houses. Mason argues tirelessly that it is "unfair" to prosecute one company while others are permitted to get away with the same thing. Grumbled one colleague: "I expect him to set that to music...
...made a few specific promises: an increased minimum wage, broadened and increased social-security benefits, a strengthened Department of Labor, vigorous antitrust enforcement, action to "break the log jam in housing" and to halt "soaring prices." But he left labor still wondering what Taft-Hartley changes, if any, he would propose. Said Dewey: "The new law is not perfect. No law, or any other human handiwork is perfect. It can always be improved and wherever and whenever it needs change it will be changed...
Tungsten Cartel. A federal district court found General Electric, two of its subsidiaries, and three of their officials guilty in an antitrust suit of conspiring with Germany's Krupp between 1927 and 1940 to monopolize world trade in tungsten and other hard metals. G.E., planning an appeal, claimed that "the law applicable to situations of this kind is in a state of utter chaos...
Hollywood, waiting tensely for the trip to the operating room, heard the clink of the amputation tools. When the Supreme Court held Hollywood's major studios guilty of violating the antitrust laws (TIME, May 17), it sent the case back to the lower court for a tougher ruling on how the studios should divorce themselves from their theater chains...
Such anachronisms did not bother antitrust's busy boss, Assistant Attorney General Herbert A. Bergson. His department had $3,400,000 given by the last Congress, more money than it had ever had. With it, Bergson predicted last week that he would outbust Trustbuster Teddy Roosevelt, who had gone after Du Pont in 1907. Said Bergson: "We have a lot more cases in the mill than they had then...