Investigation of United Steel Corporation: Report |
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Common terms and phrases
agreement American Bridge Co American Steel amount association Bessemer billets Birmingham blast furnaces bonds Bope Carnegie Steel Carnegie Steel Co cash cent CHAIRMAN Chicago Co.-The Coal & Iron coke common stock competition competitors concern consolidation contract cost district executive committee fact Federal Steel finance committee freight Frick Gayley H. K. S. Rept Hearings interests interstate commerce iron and steel J. P. Morgan Judge Gary Lake Superior lease lines LITTLETON MacRae Rept manufacture ment Mesabi Range mills monopoly Moore & Schley National Tube open-hearth operation organization output ownership parties Perkins pig iron Pittsburgh plants preferred stock present president production profit purchase railroad rails raw material restraint of trade royalty Schley Schwab securities sell statement steel company Steel Corporation steel industry subsidiary companies Tennessee Coal THORNE tion tonnage tons transportation Trust United States Steel York
Popular passages
Page 241 - Thus not specifying but indubitably contemplating and requiring a standard, it follows that it was intended that the standard of reason which had been applied at the common law and in this country in dealing with subjects of the character embraced by the statute, was intended to be the measure used for the purpose of determining whether in a given case a particular act had or had not brought about the wrong against which the statute provided.
Page 240 - The statute under this view evidences the intent not to restrain the right to make and enforce contracts, whether resulting from combinations or otherwise, which did not unduly restrain interstate or foreign commerce, but to protect that commerce from being restrained by methods, whether old or new, which would constitute an interference that is an undue restraint.
Page 240 - That in view of the many new forms of contracts and combinations which were being evolved from existing economic conditions, it was deemed essential by an allembracing enumeration to make sure that no form of contract or combination by which an undue restraint of [60] interstate or foreign commerce was brought about could save such restraint from condemnation.
Page 6 - Upon this review of thelawandthe authorities," said the court, "we can have no doubt that the association of the defendants, however reasonable the prices they fixed, however great the competition they had to encounter, and however great the necessity for curbing themselves by joint agreement from committing financial suicide by ill-advised competition, was void at common law because in restraint of trade and tending to a monopoly.
Page 240 - That the context manifests that the statute was drawn in the light of the existing practical conception of the law of restraint of trade, because it groups as within that class, not only contracts which were in restraint of trade in the subjective sense, but all contracts or acts which theoretically were attempts to monopolize, yet which in practise had come to be considered as in restraint of trade in a broad sense.
Page 188 - ... per cent. But they feel that it is immensely to their interest, as to the interest of every responsible business man, to try to prevent a panic and general industrial smash-up at this time, and that they are willing to go into this transaction, which they would not otherwise go into, because it seems the opinion of those best fitted to express judgment in New York that it will be an important factor in preventing a break that might be ruinous; and that this has...
Page 240 - In view of the common law and the law in this country as to restraint of trade, which we have reviewed, and the illuminating effect which that history must have under the rule to which we have referred, we think it results: A. That the context manifests that the statute was drawn in the light of the existing practical...
Page 128 - That we are unalterably opposed to any extension of union labor and advise subsidiary companies to take firm position when these questions come up and say that they are not going to recognize it...
Page 129 - Wanted. — Sixty tin house men, tinners, catchers, and helpers to work in open shops; Syrians, Poles, and Roumanians preferred; steady employment and good wages to men willing to work; fare paid and no fees charged for this work.
Page 129 - ... further increased by the fact that every week or two weeks, as the case may be, when the employees on the day shift are transferred to the night shift, and vice versa, employees remain on duty without relief either 18 or 24 consecutive hours, according to the practice adopted for the change of shift.