Business: The American Way

"This is not a punitive investigation," declared Senator Joseph C. O'Mahoney, chairman of the joint Congressional-Executive Monopoly Investigation, last week. Whereupon the committee began planning its probing of the steel, rubber, cement and milk-marketing industries, and many a Big Businessman felt none too sure of the literalness of Chairman O'Mahoney's assertion. This week, something of a sedative for nervous executives was administered by the Brookings Institution in Washington, which published the fifth volume of its famed series of studies of the basic economic maladjustments in U. S. industry. The first...

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