Word: ftc
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Dates: during 1930-1939
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...scope than either of them, the Federal Trade Commission is one of those arms of the Federal Government which are so confusing to immigrants and children, fitting nowhere into the neat scheme of legislative, executive and judicial functions. 'Like most of the big independent boards and bureaus, FTC exercises all three functions at once. Founded during another reform era - Woodrow Wilson's New Freedom - FTC is charged with 1) prevention °i unfair competition, 2) enforcement of certain sections of the Clayton Anti-Trust Act, including the 1936 amendment known as the Robinson-Patman Act. It also...
Garland Sevier Ferguson Jr., 59, a North Carolina Democrat who was appointed by Calvin Coolidge and reappointed by President Roosevelt though rated the most conservative member of the commission. Much of his legal experience was gained as a lawyer for Southern Ry. In the general division of FTC duties, tall, baldish, able Mr. Ferguson tends to trials and examinations...
Charles Hoyt March, 66, a Hoover appointee reappointed by President Roosevelt; handsome, heavyset, a onetime lawyer whose particular hate is monopolies. His pet case at the moment is the Cement Institute (TIME, July 12). Colonel March's FTC specialty is the legal...
...ready-witted patriarch with a slow drawl and snow white hair, Commissioner Davis was a Roosevelt appointee, specializes in fraudulent advertising. He once received a bitter complaint from an executive whose salary had been revealed in an FTC hearing. Replied Mr. Davis, cocking his head slyly: "My dear sir, if anybody paid me $90,000-and I really earned it-I would be glad to tell the whole world." William Augustiis Ayres, 70, now FTC chairman (the job rotates from year to year). A tall, slender, Wilsonian liberal who was on the House Naval Affairs Committee when Franklin Roosevelt...
Robert Elliott Freer, the baby of the commission (41), oversees the FTC's Economic Division. Mr. Freer, also a Roosevelt appointee, went to FTC from ICC via the Federal Railroad Coordinator's office...