Word: patman
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Signed by President Roosevelt last June were a series of amendments to the Federal anti-trust laws. These amendments, written in three short pages of text, constitute the so-called Robinson-Patman Anti-Price Discrimination Act, most discussed, least understood piece of business legislation passed during the last session of Congress. In the months since the Robinson-Patman Act became the law of the land, it has grown into a top-flight topic for lay and legal speakers, the subject of countless tracts, booklets, pamphlets, articles, opinions, analyses, and a prime source of worry to most of the country...
...general the Robinson-Patman Act puts the beneficiaries of discrimination on the same footing as the donors; transfers the burden of proof from the prosecution to the defense; attempts to substitute specific prohibitions for the generalities on price discrimination contained in the old anti-trust laws...
Administration of the Robinson-Patman Act is in the hands of the Federal Trade Commission, custodian of the Clayton Act which the new law amends.* Hampered by lack of funds, the Commission has been desperately trying to set up administrative machinery for a measure which conceivably might require an NRA staff to enforce it. Not until last week did the Commission get around to cracking down on five corporations in three complaints affecting two homely commodities...
Ward's President Sewell Lee Avery had no comment to make on his end of the rug case but President Benjamin H. Roberts of Bird & Son declared: "The transaction involved in this case was made prior to the passage of the Robinson-Patman act. . . . Bird . . . has exercised great vigilance in endeavoring to observe this law and avoid any controversy. The issue in the case is of such a character as to probably clarify some doubtful provisions of this...
...Passed the Patman-Robinson Bill to regulate chain stores, sent it to the Senate...