Business & Finance: Plain Talk at Last

"If I were a competitor and saw a bottle of beer with the label 'Canadian Ace,' I might 'tend' to write the Federal Trade Commission complaining that the label was fraudulent. ... If I were a thirsty tramp and saw the label I would have the 'tendency' to beg, borrow, or steal a bottle. . . . But so far I have not had the feeling that I was 'being put upon.' " In so writing, in an FTC decision, freshman Commissioner Lowell B. Mason last week also wrote some FTC history.

When Mason, a Republican who likes bow ties, boating and...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

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