Word: mahoney
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...ready for his scheduled appearance before Congressman Emanuel Celler's monopoly investigating committee, U.S. Steel Corp.'s stocky Benjamin F. Fairless last week got in some advance licks. "Up to now . . ." said Fairless with unaccustomed dryness, "I've spent most of my time in O'Mahoney's doghouse, but next week I move to Emanuel's cellar...
Nobody worries more in public about the small businessman than Congress, which has four vote-conscious committees looking into his problems. Last week a Senate-House subcommittee headed by Wyoming's publicity-conscious Senator Joseph C. O'Mahoney held out more promises of help. The committee was worried because the number of new businesses established in 1948 was 394,700 while the number of discontinuances was 370,000 and the percentage of failures has been steadily increasing during the last four years. To help small businessmen, and to help start new enterprises, the committee recommended that the Government...
Prices & Power. To Ohio's Senator Robert A. Taft, the minority leader of the economic committee, O'Mahoney's report was a smear on the steel industry, looking "in the direction of price fixing" and a "planned and controlled economy." The evidence, said Taft in the weekly column which he sends free to 180 Ohio newspapers, "clearly shows that there is no collusion between the [steel] companies and that competition is reasonably active...
...increase." Nor did Taft ignore the question of "whether the U.S. Steel Corp. is so predominant that it has power to fix prices and at least modify the usual effects of competition." If that were found to be the case, Taft suggested a solution that outdid even O'Mahoney's proposals. "We should consider," he said, "whether we should place a limit on the proportion of any industry which can be controlled by one company...
...case, the O'Mahoney Committee's majority report-and Bob Taft's proposals-are sure to supply plenty of ammunition for Brooklyn Democrat Emanuel Celler, a self-styled trustbuster. Next month, Celler's House judiciary subcommittee will hold still another hearing to see just how heejus the steel monsthers really...