Word: lomb
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Dates: during 1940-1949
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Admiral Blandy's chief worry is about fire-control and optical instruments. High up on the Bureau of Ordnance's list of companies which rate a production E (for Excellence) is Bausch & Lomb. But, although it is working at top speed, it cannot supply all that the Ordnance Bureau needs. Says Admiral Blandy: "Consider that a single fire-control unit may weigh up to a ton, and that tolerances in that unit will scale down to .0005 of an inch, about half the thickness of a cigaret paper, and you'll see why we'd like...
...trade-restraining device. Last December he brought suit against Corning Glass Works, Hartford Empire Co. (whose tight hold on glassmaking machinery was publicized by TNEC) and most of the glass industry, will try the case next month. In March he jumped Masonite Corp. (which is fighting) and Bausch & Lomb (which paid a $40,000 fine) for contracts he did not like. Next came the spectacle industry and Johns-Manville. Meanwhile France fell...
Over two months ago Bausch & Lomb Optical Co., makers of about 50% of all the military optical goods sold in the U. S., was indicted under the Federal antitrust laws because it had an old sales & patent agreement with the German firm of Carl Zeiss. The agreement, Government men hinted, prevented B. & L. from selling range finders, gun sights and other fire-control instruments to the Allies...
Last week Bausch & Lomb pleaded nolo contendere (I won't argue), offered to consent to an injunction against carrying out any provisions of the Zeiss agreement which might violate the anti-trust laws. The court accepted the plea, slapped a $40,000 maximum fine on the firm and three of its principal officers...
Thus scalded on its way out of the frying pan, Bausch & Lomb promptly fell into the fire. With 13 other U. S. makers of eyeglasses, five wholesalers, three trade associations (virtually the entire U. S. optical industry), it was accused last week by the same Federal grand jury of another anti-trust law violation. With its fellow defendants, the Government claimed, B. & L. had conspired successfully for the last ten years to keep the cost of eyeglass frames and lenses unnecessarily high. Government example: spectacles which would bring a profit at $7.50 are sold at a fixed price...