Word: antitrusters
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...then brought a $300,000 damage suit charging the Giants, the major and minor leagues, and Commissioner Happy Chandler with violating the antitrust laws. His lawyers claimed that he had been denied his livelihood by the reserve clause in his contract with the Giants; the injustice in the clause, they said, was the binding of a player to a club for the entirety of his baseball life. In February, the U.S. Court of Appeals returned the case to a lower court, voting 2 to 1 in favor of Gardella's charge of "peonage...
Exempted from the antitrust law by a 1922 ruling that it was not engaged in interstate commerce, big baseball has wasted little worry--until now--on the reserve clause. As Chandler put it, the members of the $5000 to $100,000 income brackets can hardly be called peons. In recent years, however, the national sport has received more and more of its income from radio and television. As such, it has now come within the jurisdiction of the interstate commerce laws. And the minor league wages still remain low; Chandler's statement obviously did not include minor leaguers whose paychecks...
...Antitrust. Monopolists were having a rough time. In a Cleveland federal court, Timken Roller Bearing Co. was convicted of conspiring with its British and French affiliates to fix world prices of roller bearings and restrict competition. In Manhattan, E.I. du Pont de Nemours & Co., National Lead Co. and three individuals were fined a total of $43,000 (the maximum) for operating a worldwide cartel in titanium pigments. The companies were already under court order to license titanium production at a reasonable royalty...
After ten years of agile legal footwork, Paramount Pictures, Inc. last week tossed in the sponge in its antitrust fight with the Justice Department. It approved a consent decree agreeing to split itself into two separate companies, one to make and distribute movies, the other to operate theaters...
...pocket" expenses while away. He wrote Standard: "I was really doing more work ... for the Standard Oil Co. than if I had remained in the office at 30 Rockefeller Plaza." In another letter, he took credit for the quashing of antitrust indictments in 1934 against Standard of California. Excerpt: "The Attorney General . . . took me into an outer room and said: 'Jimmy, I have dismissed the indictments against your boy friends on the Pacific Coast...