Word: ftc
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Dates: during 1950-1959
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...Federal Trade Commission has been battling with the makers of Carter's Little Liver Pills for 15 years without a definite decision on FTC charges of false claims. It has been forced to hold 149 hearings, run up a transcript of 11,000 pages and 1,000 medical exhibits-at a cost of $1,000,000 to the taxpayers...
...Federal Trade Commission, which is supposed to supervise all advertising claims, it, too, came in for its share of criticism. The Congressmen accused FTC of failing "to approach the problems of false and misleading advertising with vigor and diligence," called its actions "weak and tardy." In answer, the FTC said that it had scheduled a conference of cigarette manufacturers to develop uniform standards for testing cigarettes...
PRICE CUTTING by big corporations to meet local marketing conditions, long opposed by the FTC, is O.K. U.S. Supreme Court ended 17-year legal wrangle between Standard Oil Co. (Indiana) and FTC, which argued that such flexibility will nullify price discrimination laws...
MERGER-BUSTING POLICY will be pushed by FTC to stop what it considers to be growing concentration in some industries. As a start, FTC ordered Crown Zellerbach, No. 2 U.S. papermaker (after International Paper), to sell St. Helens Pulp & Paper Co., which it bought in 1953. This was first time FTC invoked amendment to Clayton Antitrust Act that forbids merger which may create monopoly in just a single line of commerce. (The "line" in this case is the coarse-paper market in eleven Western states.) Crown Zellerbach will appeal to courts...
...near a furrier for fear of being deceived. There used to be 96 different names for rabbit. Now it has to be called rabbit-and not many make or buy it." To complete the process of shaking the rascals out, Congress last year added $50,000 to the FTC's enforcement budget to keep tabs on the fur industry...