Word: caffey
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...three years, Thurman Arnold, then Assistant Attorney General, tried to prove in an anti-trust suit still pending before the U.S. Supreme Court that Aluminium, Ltd. was a subsidiary of Alcoa. In his decision Judge Francis G. Caffey of the U.S. District Court in New York held that there is no financial connection between the two companies...
...Crimson insists on referring to ALCOA as a monopoly, it would seem only fair that it should add that a Federal Judge, Francis G. Caffey, after presiding over the anti-trust proceedings against the company, has ruled that it was not a monopoly, and thus allow the readers the opportunity of choosing their own authority. Roy Potter Perry...
Having already cleared Aluminum Co. of America of maintaining an illegal monopoly (TIME, Oct. 13), Federal Judge Francis Gordon Caffey last week wiped Alcoa's slate clean of the other Government charges of conspiracy and miscellaneous misconduct. With his marathon ad lib decision completed-it took him ten days to dictate it in open court, covered 680 pages -the longest (April 1937 to last week) lawsuit in U.S. history was over. The 72-year-old judge swiftly left Manhattan for a six-week vacation in Maine...
Alcoa officials listened modestly to Judge Caffey's praise of their chairman, Arthur V. Davis ("he has contributed more to [Alcoa's] advancement than any man alive"), beamed when he concluded: "It would be greatly contrary to the public interest to dissolve or enjoin Alcoa...
...party (through Aluminium Ltd.) to an international cartel, had conspired to fix prices, divide markets, keep competitors from entering the field, and restrict imports were all rejected (although certain to be aired again before the Supreme Court). "Not only has the Government failed to establish the charge," said Judge Caffey, "but the evidence is convincing the other way." Because of uncertainties about materials available, automakers last week put a brand-new phrase in their ads: "Specifications subject to change without notice...