Word: antitrusters
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Also Up: Hot Potatoes. All this caused an unseemly bit of scurrying in Washington. Attorney General Tom Clark hastily ordered his understaffed antitrust division to get hot after collusion in price gouging. Tom Clark blustered that jail terms were in store for businessmen who conspired to boost prices in food, clothing and housing...
...signature on one bill stripped him of some 175 wartime powers. The bill put a deadline on many veterans' benefits (unemployment pay for veterans now out of the services will end July 25, 1949). It also repealed (as of Jan. 25, 1948) the wartime suspension of antitrust prosecutions, ended such war measures as employment of $1 -a -year...
Small operators reacted violently against the big steelmen, the big coal operators, John Lewis. They called the whole contract a "conspiracy" between Big Labor and Big Business, callously contrived to squeeze out the small owners. The anxiety of the big operators over possible antitrust suits had been, in fact, one of the main causes of delay in negotiations...
...most U.S. railroads, the Reed-Bulwinkle Bill was a long-sought boon. It would exempt them from the antitrust laws. The railroads could agree among themselves on rates, as long as they were approved by the ICC. But to a handful of Senators, the bill was a camel's nose beneath the tent of antitrust legislation. They feared the whole camel would soon be inside...
Furthermore, the bill seemed certain to nullify the antitrust suit against rate agreements of Western railroads now being tried in Lincoln, Neb. Snapped the Louisville Courier-Journal: "It is hard to convince opponents of the bill that it is not an effort to beat the courts to the punch." The bill was the biggest step yet in the trend to free big sections of the economy from antitrust laws...