"Businessmen," wrote their longtime friend, Editor David Lawrence of the United States News, "are about to be given the same dose of smear publicity that they were given in 1933. Economic crisis is at hand and political government wants to shift the blame from its own shoulders."

Many a businessman last week nodded agreement. The Federal Trade Commission's attack on the steel industry's "price-fixing conspiracy" (TIME, Aug. 25) had hardly left the headlines when the Department of Justice's Antitrust Division sprang into feverish action.

In the space of four days, it demanded dissolution of alleged price-fixing agreements and competitive restraints...

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