RETAIL TRADE: Just Like Prohibition

Just Like Prohibition

Fair Trade laws were frowned on last week by two experts in government and business.

¶ Before a House Judiciary subcommittee, Chief Trustbuster Stanley Barnes suggested that the members "might well consider repeal of the Miller-Tydings Amendment to the Sherman Act as well as the McGuire Amendment to the Federal Trade Commission Act." While Barnes said that the Justice Department was not yet ready to recommend repeal of the Fair Trade laws, as suggested by Attorney General Brownell's special antitrust committee (TIME, April 11), he revealed that he was "considerably disturbed by responsible businessmen" contending that brand-name products...

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!