Word: trust
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Dates: during 1930-1939
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Every contract, combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce among the several States or with foreign nations, is hereby declared to be illegal...
...reads the heart of the Sherman Anti-Trust Act which was passed by Congress in 1890 to bust trusts. After 49 years U. S. employers are finding that it may perhaps be used to bust unions. Following the lead of Philadelphia's Apex Hosiery Co., last week Tom Girdler's Republic Steel Corp. sued John Lewis, C. I. O. and its steel unions and nearly 700 individual strikers for $7,500,000 under the Sherman Act and the related Clayton...
...triple damages against Branch 1 of C. I. O.'s American Federation of Hosiery Workers (TIME, April 10). The Apex strike was a sitdown, which the U. S. Supreme Court has declared illegal. If suits like Tom Girdler's can extend the anti-trust laws to cover other strikes (which are legal in principle) Labor will have suffered a blow, all but undoing such pro-Labor legislation as the Wagner Act. Last week in appealing the Apex verdict, a union attorney announced that the U. S. Department of Justice has agreed to intervene on Labor's side...
Moseley, who urged that the right to vote and hold office be denied American Jews affiliating themselves with organized word Jewry, earlier expressed suspicion of drinking water provided by the committee, saying that he does not trust the group "too far" and adding that previous threats on his life have made him extremely cautious...
Immediate reason for Harry Sinclair's pronunciamento was a small loss on Consolidated's operations in the first quarter (figures not made public). Since last year when the Government convicted a batch of the major oil companies under the Sherman Act, fear of further anti-trust suits has kept oilmen from attempting to do anything about relieving the market of distress gasoline stocks, which have reached an unwieldy total. Refiners now get an average of .7 cents a gallon less than they did last year. Crude production, however, has been kept within reasonable bounds by State proration laws...