Business & Finance: Experimenting

Some of the fiercest skirmishes in the battle of the codes in Washington last summer were fought around the question of price-fixing for the oil industry. After the code was safely signed and President Roosevelt had appointed a Planning & Co-Ordinating Committee on which the price-fixers outnumbered the free-marketers two to one, it looked as if price control was just around the corner. Secretary of Interior Ickes who was made oil administrator even held hearings on the schedules he intended to proclaim. But such die-hard free marketers as Standard of New Jersey's Teagle, Socony-Vacuum's...

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