By locating his store on a busy highway near the Indiana line and selling at cut rates, Meyer Jacob had become one of Chicago's biggest liquor dealers. But when the state legislature passed the Mandatory Fair Trade Act in July 1947, the state liquor commission tried to suspend his license for selling Penn Springs whisky 95ยข cheaper than the fair trade (i.e., minimum retail) price. Jacob kept his license while he fought the case through the courts.
Last week the Illinois Supreme Court threw out the Mandatory Fair Trade Act, the fourth time in six months that state courts have...
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