CARTELS: Wanted: a Definition

The subject of cartels had U.S. citizens galloping off in all directions last week:

¶ Sun Oil President J. Howard Pew attacked the Anglo-American oil agreement as a cartel. "What is this," cried he, "but a cartel? Such arrangements in international trade are exactly what we call at home monopolistic practices or combinations in restraint of trade."

¶ Ohio's Senator Robert Taft also attacked the oil agreement. Said he: "While one department of the Administration was cracking down on cartels, another was setting up what might be the biggest cartel of all...

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