Administered Prices: Hearings, Eighty-fifth Congress, First Session Pursuant to S. Res. 56
U.S. Government Printing Office, 1959 - Price regulation - 232 pages
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administered prices American antitrust automobile average believe bill BLAIR BLOUGH capacity Chairman changes chart Commission committee companies competition concentration concerned Congress consumer continue corporations costs course demand DIXON economic EDWARDS effect employment evidence fact Federal Trade figures firms follows force give Government groups hearings hold important income industry inflation interest labor laws less manufacturing matter Means measure million monopoly operating output percent period present President price increases problem profits question raise reason recent record referred responsibility result rise Senator CARROLL Senator KEFAUVER Senator WILEY situation statement Statistics steel industry subcommittee suggest talking thing tion understand union United States Steel wage wholesale
Page 4831 - ... be punished by a fine of not more than $5,000 or imprisonment for not more than twelve months, or by both such fine and imprisonment.
Page 5180 - ... anything forbidden in the antitrust laws may sue therefor in any district court of the United States in the district in which the defendant resides or is found or has an agent, without respect to the amount in controversy, and shall recover threefold the damages by him sustained, and the cost of suit, including a reasonable attorney's fee.
Page 5154 - ... call it? your theory? No; nothing is more deceptive than theory; your doctrine? your system? your principle? but you dislike doctrines, you abhor systems, and as for principles, you deny that there are any in social economy: we shall say, then, your practice, your practice without theory and without principle. We are suffering from the intolerable competition of a foreign rival, placed, it would seem, in a condition so far superior to ours for the production of light, that he absolutely inundates...
Page 5155 - ... monopoly of furnishing light during the day, will as a first consequence buy large quantities of tallow, coals, oil, resin, wax, alcohol, silver, iron, bronze, crystal, for the supply of our business; and then we and our numerous contractors having become rich, our consumption will be great, and will become a means of contributing to the comfort and competency of the workers in every branch of national labor. Will you say that the light of the sun is a gratuitous gift, and that to repulse gratuitous...
Page 4831 - For the purpose of any hearing or inquiry conducted by any board appointed under this title, the provisions of sections 9 and 10 (relating to the attendance of witnesses and the production of books, papers, and documents) of the Federal Trade Commission Act of September 16, 1914, as amended (USC 19, title 15, sees.
Page 5155 - If more tallow be consumed, there will arise a necessity for an increase of cattle and sheep. Thus artificial meadows must be in greater demand ; and meat, wool, leather, and above all, manure, this basis of agricultural riches, must become more abundant. " If more oil be consumed, it will cause an increase in the cultivation of the olive.tree.
Page 5180 - Administration, to utilize the reimbursable services. Information, facilities, and personnel of any of the departments or agencies of the Government.
Page 5180 - Senate to make a complete, comprehensive, and continuing study and investigation of the antitrust and antimonopoly laws of the United States and their administration, interpretation, operation, enforcement, and effect...
Page 5156 - If then the demi-gratuity can determine you to check competition, on what principle can the entire gratuity be alleged as a reason for admitting it? You are no logicians if, refusing the demi-gratuity as hurtful to human labor, you do not a fortiori, and with double zeal, reject the full gratuity. Again, when any article, as coal, iron, cheese, or cloth, comes to us from foreign countries with less labor than if we produced it ourselves, the difference in price is a gratuitous gift conferred upon...
Page 5154 - ... industry, with all its innumerable ramifications, is suddenly reduced to a state of complete stagnation. This rival, who is no other than the sun, carries on so bitter a war against us, that we have every reason to believe that he has been excited to this course by our perfidious neighbor England.