Word: macke
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Dates: during 1930-1939
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Federal Judge Julian William Mack last week rendered a decision which gave the Securities & Exchange Commission an important preliminary victory in its great test case against Electric Bond & Share (TIME, Nov. 23). Perverting nothing, he saved the registration provisions of the Public Utility Act of 1935 by declaring them constitutional regardless of the constitutionality of the act as a whole, ordered Bond & Share to register with SEC or be enjoined from interstate business. This restricted ruling was what SEC wanted and what Bond & Share, itching to get the whole act up before the Supreme Court, did not want...
...Judge Mack found that, contrary to Bond & Share's argument, the provisions of the act which compel utility holding companies to register and file information with SEC could themselves "be given legal effect as a separate, workable act," that they were thus separable from the other provisions and had been so intended by Congress. On the question of their constitutionality he ruled that, as Congress has the power to regulate electricity and gas rates in interstate commerce, it can require, as an aid to that regulation, full information from the companies involved. Dismissing Bond & Share's cross bill...
Married- Charles Errett Cord, elder son of Motormaker Errett Lobban Cord; and Mary Alice Mack, of Los Angeles; in Los Angeles...
...members, that the Department of Justice grew suspicious that it was a combination in restraint of trade, launched anti-trust proceedings in 1931. The trial lasted six months, the briefs filled 1,500 pages, the testimony 10,000 pages. In 1934 Manhattan's Federal Judge Julian William Mack handed down a 100,000-word opinion, holding among other things that the Institute and its members, who accounted for most of the sugar refined in the U. S., were clearly out to "preserve uniformity in price structure and to maintain relatively high prices...
Admitting that "divorced from its illegalities the Institute offers certain opportunities for affecting desirable results," Judge Mack did not order dissolution, although an injunction against the price-fixing practices was issued. On appeal, the Supreme Court reaffirmed the Mack findings last spring with a few minor modifications. Its pristine vitality gone, its name more a liability than an asset, the Sugar Institute meantime whittled down its activities to the gathering of innocent sugar statistics. Publicly the sugar men took their legal spanking in good grace. Privately they complain that other trade associations were, and still are, getting away with things...