Word: antitrusters
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...reviewing the reams of testimony on Young's year-old plea, ICC found all sorts of reasons for saying no. For one thing, any closer alliance between the C. & O. and Central would lessen the "extensive competition" between them, would thus violate the antitrust and interstate commerce laws. For another, "the applicants have not shown that either public or private interests will not be adversely affected." ICC reckoned that half a dozen other railroads-and therefore the public -would have been harmed. Example: Frank D. Beale, president of the Virginian Railway Co., wailed that a C. & O.-Central link...
...completed but unreleased picture, Mad Wednesday, another $3,000,000 for Vendetta, still unfinished. And he still has $1,750,000 tied up in The Outlaw. With RKO's chain of 124 houses, Hughes will now have an outlet for his movies, at least until the antitrust suit against moviemakers is settled...
...years Hollywood stalled off judgment day by consent decrees (which later lapsed) and legal shadow boxing in the lower courts. But last week, when the final decisions in four cases came in the Supreme Court, antitrust won almost all its points. The court...
...Tough. One important point was not quite decided. The lower court had carefully sidestepped the antitrust division's principal demand: force the producing companies to sell their theater holdings and divorce themselves entirely from film distribution. Instead the lower court merely ordered the companies to 1) stop buying theaters and 2) give independents a chance at first crack at topflight pictures by auctioning them off through competitive bidding. That order, said the Supreme Court, failed to strike at the core of the present cases. It sent the decision back to the lower court for a tougher ruling. To many...
...considering the Dreft slogan. It was accused of having its closets full of dirty linen. In a Manhattan grand jury indictment, the Government charged that 1) the company was a front for the German soapmakers, Henkel & Cie.; 2) Hyalsol had dodged $500,000 in taxes. It was, trumpeted antitrust lawyers, "one of the largest and most cleverly operated frauds against the Government ever uncovered...