Word: ward
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Dates: during 1930-1939
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Rugs were the other concern of the Federal Trade Commission last week. It complained that Bird & Son, Inc. and a subsidiary were selling floor coverings to Montgomery Ward & Co. at lower prices than to independent retailers. As a beneficiary of the alleged discrimination Ward was also cited...
According to the Commission the best price that a retailer could get from Bird on a certain type of rug was $4.24 in lots of 100 rolls or more. Ward got them for $3.64 in carload lots. Even when delivered in small lots to Ward's retail stores the price was only $3.82. Independent wholesalers, however, got practically as good terms as the big mail order house...
...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...
...issue presented in the Ward-Bird complaint did indeed raise some knotty problems for U. S. merchants and manufacturers. In some cases big buyers may be driven even further into their own manufacturing operations. In others the manufacturers may have to choose the type of customer they intend to sell to, for the law seems to preclude the wide price differential necessary to retain both a wholesale and a retail trade...
Thus when Paul Ward invents a new refrigerator only to have his invention stolen, he plans to sue his swindlers until Hannah dissuades him. When he complains that her advice of nonresistance means hoisting the white flag, she cries "White banners!", shows him that moving on to other achievements, turning the other cheek, is more heroic than fighting. Although few readers are likely to accept her counsel unequivocally, it certainly works out well in Paul's case. He writes a life of Spenser that wins him academic acclaim, later invents a better refrigerator that makes his fortune...