Word: thurman
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...help from their onetime great friend, Franklin Roosevelt. When reporters had asked him to comment on the scrap he waved an airy hand, said there were more important things to think about. And the new week's news was worrisome: Congress suddenly got ready to give Trust Buster Thurman Arnold the unprecedented sum of $750,000-just about enough to investigate radio, observers guessed. And radio's in-&-out friend, Senator Burton K. Wheeler of Montana, announced he would begin hearings May 31 on a bill for a radio investigation. Radio men wondered: would FCC or the industry...
Main obstacle to this popping was Trustbuster Thurman Arnold, who is as wary of businessmen getting their heads together as OPM is anxious to encourage it. Many a manufacturer trying to follow OPM's lead has imagined Arnold's hot breath on his neck. But last month Attorney General Jackson announced that OPM-approved industry committees would not be prosecuted under antitrust. By last week he had completed a further arrangement, which makes the Antitrust Division virtually an enforcement body for defense...
This arrangement, worked out by Jackson and Henderson, was a rebuke to rambunctious Thurman Arnold. For some time Jackson has thought Arnold was getting too nervous a trigger finger, scattering his shot, using the laws to advance his own theories about the danger of monopoly rather than as a weapon to aid defense...
Indicted by the Justice Department's Thurman Arnold last year were Pittsburgh's Electrical Contractors Association and twelve member firms. The charge, on which they were fined $54,000 after pleading no contest: conspiracy to defraud the Government of about $745,000 by rigging prices on PWA projects. Mr. Marcus promptly sued the contractors under...
Marcus found his Government, which had since passed the Sherman Act and no longer needs such "informers," an unwilling partner. (If the suit succeeded, it might inspire enough 1863-model lawsuits to clutter Federal court dockets until 1963.) To get Thurman Arnold's records, Marcus threatened to subpoena everybody in the Justice Department. But once the case went to trial, his luck picked up. On the witness stand he placed Robert Carrnack, manager of the contractors' association for twelve years. Carmack, himself a defendant, amazed his fellows by waiving his right to refuse to testify. Instead, for three...