Word: ftc
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Dates: during 1950-1959
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...most familiar of all trade names was booked for a major operation last week. The Federal Trade Commission told the manufacturers of Carter's Little Liver Pills to cut the word "liver" out of the product name. The tiny, white-coated globules, FTC found, are an irritative laxative (with one of their ingredients described as "drastic"), and have no medicinal effect on the liver...
...FTC had spent several years, and undertaken a great deal of medical research in reaching its decision. Even now, his liver is a somewhat mysterious organ, e.g., nobody knows exactly why a man dies within 24 hours after the liver is removed. Far less was known in 1868, when Dr. Samuel Carter of Erie, Pa. compounded a formula which he thought was good for sick headache and torpid liver (both "positively cured"), also indigestion, constipation or what-ails...
Grumpy & Gloomy. The Federal Trade Commission took a bilious view of these promotional high jinks. Carter Products Inc. produced its own medical experts to prove that the pills actually did stimulate the liver. But the FTC got evidence to the contrary. After eight years, during which it collected 10,000 pages of research and a medical monograph on the liver, the FTC struck. Its ruling last week not only forbade Carter Products to use the word "liver" in the name of its pills, but told Carter's to stop claiming that its pills are specific remedies for conditions...
...FTC left one door open. Carter's can still recommend its pills for such miseries to the extent that any of them can be temporarily relieved by an evacuation of the bowels...
...first glance at the oil industry, FTC found no links between Standard Oil (N.J.) and Socony-Vacuum, two of the biggest U.S. companies, or between them and other big oil companies. But on closer inspection FTC said it found that Standard and Socony were linked, through common affiliates, to each other and to almost every other major oil company. ^ To break up interlocking directorates, Chairman Mead wants Congress to amend the Clayton Act, giving the FTC power to act in cases and situations not now covered...