Word: ftc
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Dates: during 1940-1949
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...FTC lost no time in cashing in on its victory. Two days later it ordered 37 brickmakers to stop using the multiple basing point system, and broadcast a warning to all users-steel, farm machinery, chemicals, etc.-to cut it out. FTC said that it would proceed with suits and complaints now on file against such industries as steel, metal lath and conduits...
...Light. The Federal Trade Commission ordered Willys-Overland Motors, Inc. to stop advertising that it had created or designed the "jeep." Said FTC: although Willys-Overland "made an outstanding contribution in its powerful engine as well as in other features of the vehicle," the credit belonged jointly to four companies-Willys-Overland, American Bantam Car Co., Ford Motor Co., Spicer Manufacturing Co. (now Dana Corp.)-and the Army...
Counterpoint. Walter S. Tower, slight, sandy-haired president of the American Iron & Steel Institute, was left officially speechless by FTC's assault, declined all comment. His spokesman, however, predicted that most steel customers would rally to the industry's defense because the multiple basing point system, they say, saves them money...
...land, have sought to replace it with an "F.O.B. mill" formula, whereby the customer would pay the actual freight charges. The industry contends the basing point setup is virtually F.O.B. mill. Steelmen were also quick to point out that they had been using the present system since 1924, when FTC outlawed the "Pittsburgh plus" system, which made Pittsburgh the basing point for the whole country. They suspected aloud that all the sudden hollering was just a political maneuver to take housewives' minds off high prices at the corner grocery...
...FTC can order the system stopped. But if the industry chooses to disobey, the question will have to be fought out in the courts. So far, FTC's efforts to win similar cases in the courts have failed. The last precedent was a 1946 decision by the U.S. Circuit Court of Appeals in Chicago, which refused tp enforce an FTC order for the cement industry to abandon a similar multiple basing point system...