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...least as well known to those who do not despise tobacco as the Beech-Nut Co. is to its refined customers." Bathtub Trust. Eight members of the so-called Bathtub Trust last week paid the U. S. Government fines totaling $169,000; had their suspended sentences of six and ten months changed to probation. The U. S. Supreme Court, by vote of 5 to 3 (Justice Brandeis not voting) had found them guilty of violating the Sherman Anti-Trust Law. The decision established an important precedent for future "trust" prosecutions, inasmuch as the Supreme Court ruling held that monopolies were...

Author: /time Magazine | Title: JUDICIARY: Supreme Court Doings | 4/25/1927 | See Source »

...Sherman Anti-Trust Law sank its teeth into 20 individuals and 23 pottery corporations last week, when the U. S. Supreme Court decided that they were illegally restraining trade. Most of the individuals will be sent to jail. The Trenton (N. J.) Potteries Co., and the other members of an association, having factories in nine states, manufactured and distributed 82% of the vitreous bathroom fixtures produced...

Author: /time Magazine | Title: National Affairs: Pottery Trust | 3/7/1927 | See Source »

...Middle Ages the forestaller, who piled up a lot of goods in order to force high prices from consumers, was liable to get his ears chopped off. Modern monopolies are forestallers incorporated, and are punished, within a particular nation, through anti-trust laws. But no laws yet exist against monopolies (forestallings) in international trade. Brazil controls coffee, Russia platinum, Chile saltpetre, Germany and France potash, Great Britain tin and rubber...

Author: /time Magazine | Title: Business: Forestallers | 12/13/1926 | See Source »

...both a sale and resale price on all incandescent electric bulbs manufactured under its patents. The General Electric Co. had entered into a manufacturing and selling arrangement with the Westinghouse Co. on this basis. The Government suit had contended that such a scheme was in violation of the Sherman Anti-Trust Law of 1890, and that a decision upholding it would destroy the force of the law in all cases involving patents. Chief Justice William Howard Taft wrote the decision which upheld the action of a lower Federal court in Ohio...

Author: /time Magazine | Title: SUPREME COURT: Decisions | 12/6/1926 | See Source »

...called "Steel Trust," and Justice McKenna wrote the decision of the Supreme Court which by a vote of 4 to 3 held that the United States Steel Corp. and its subsidiary companies did not form a combination in restraint of trade in violation of the Sherman Anti-Trust...

Author: /time Magazine | Title: National Affairs: Impetuous, Irish | 11/29/1926 | See Source »

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