The Anti-Trust Act And the Supreme Court
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271 (Feb., 1898, Dec, 1899).
The bill of complaint in this case struck at a contract between various manufacturing com- panies in iron pipe which, except for the con- tract, were independent companies and re- tained their separate corporate lives. This was a much easier case to bring within the purview 70 AND THE SUPREME COURT of the statute and the direct field of interstate commerce, because the subject-matter of the contract embraced what the Supreme Court in a long series of decisions had h...eld to be inter- state commerce.
The purposes and action of the combination, through the treachery of a stenographer, were laid before the court, so that minute dissection was possible. It was, in short, an agreement by which all the iron-pipe companies in the Ohio Valley and the Mississippi Valley, from which manufacturers in other parts of the country were naturally excluded by freight rates, agreed that they would maintain prices and share profits, and that in pursuance of these purposes no one of them would offer iron pipe to any intending purchaser, who was usu- ally a municipal corporation, inviting public competitive bids, without the permission of the combination, and only after there had been a secret bidding among the members of the com- bination to see which member would make such a bid as would from the profits of the contract allow the best bonus to be divided among the other members of the combination.
What to read after The Anti-Trust Act And the Supreme Court?
You can find similar books in the "Read Also" column, or choose other free books by Taft, William H. (William Howard), 1857-1930 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
271 (Feb., 1898, Dec, 1899).
The bill of complaint in this case struck at a contract between various manufacturing com- panies in iron pipe which, except for the con- tract, were independent companies and re- tained their separate corporate lives. This was a much easier case to bring within the purview 70 AND THE SUPREME COURT of the statute and the direct field of interstate commerce, because the subject-matter of the contract embraced what the Supreme Court in a long series of decisions had h...eld to be inter- state commerce.
The purposes and action of the combination, through the treachery of a stenographer, were laid before the court, so that minute dissection was possible. It was, in short, an agreement by which all the iron-pipe companies in the Ohio Valley and the Mississippi Valley, from which manufacturers in other parts of the country were naturally excluded by freight rates, agreed that they would maintain prices and share profits, and that in pursuance of these purposes no one of them would offer iron pipe to any intending purchaser, who was usu- ally a municipal corporation, inviting public competitive bids, without the permission of the combination, and only after there had been a secret bidding among the members of the com- bination to see which member would make such a bid as would from the profits of the contract allow the best bonus to be divided among the other members of the combination.
What to read after The Anti-Trust Act And the Supreme Court?
You can find similar books in the "Read Also" column, or choose other free books by Taft, William H. (William Howard), 1857-1930 to read onlineMoreLess
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