Business: I Am Glad

Two years ago the Federal Trade Commission ordered Goodyear Tire & Rubber Co. to stop selling its tires to Sears, Roebuck & Co. at net prices lower than those accorded to other purchasers—a practice which had enabled Sears to undersell its competitors. When the Robinson-Patman Anti-Price Discrimination Act presently was passed, Goodyear abandoned the practice. The Sixth Circuit Court of Appeals dismissed the F. T. C. order on the ground that the controversy no longer existed.

Last year another potent Governmental bureau, the Treasury Department, was mightily annoyed to discover that the 14...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!