Business: Victory for Fair Trade?

Like Rumpelstiltskin, who stamped his foot into the ground and tore himself in two, the Administration last week was ripping itself up the middle. It split over the question of whether Congress should pass a new Fair Trade law permitting manufacturers to force all retailers to observe their minimum prices. Both the Department of Justice's trustbusters and the Federal Trade Commission are dead set against Fair Trade. They call it a price-fixing device which would reduce competition and probably raise many prices. Secretary of Commerce Charles Sawyer is for it.

Loophole to Plug. Last week, called before a House Commerce subcommittee considering...

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