Word: cartelism
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Promise. For months Trust-Buster Arnold has tried to break up a patents cartel formed in 1929 by Jersey Standard and Germany's Hydra-headed I. G. Farbenindustrie. Last week Standard signed a consent decree, released 2,000 patents royalty-free, took a $50,000 fine. In return, Thurman Arnold agreed to withdraw the most sinister conclusion in his complaint: that Standard had held up the U.S. synthetic rubber program...
Under the cartel, Germany got the benefit of U.S. technical developments; the U.S. did not get Germany...
Standard's ruddy-faced, Texas-drawling President William S. Farish replied for the company: the cartel began when Standard paid I. G. Farben $30,000,000 for patents on a German-invested hydrogenation process. The process, used in Germany to make synthetic oil from coal, was used in the U.S., by Standard and its licensees, to create the world's greatest supply of 100-octane aviation gas. A variation of the same process is now used by Humble Oil in a new plant which makes 30,000,000 gallons of synthetic toluol a year for TNT. The cartel...
...other new appointment to the War Cabinet was that of spruce, red-haired Oliver Lyttelton as Minister of State, concerned with production. Onetime organizer of the world tin cartel, he replaced Production Minister Lord Beaverbrook, who was detailed to Washington as production liaison officer...
...Government lawyers fared no better in the second week of the decision than in the first. Their claims that Alcoa was 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...