GOVERNMENT: Echoes of Suez

When the Justice Department's trustbusters got an indictment against 29 major U.S. oil companies in 1958, charging a criminal conspiracy to boost oil prices after the Suez crisis, predictions were free that the trial would last six months or more. But last week, in Tulsa, Okla., after a trial of barely ten days, Federal Judge Royce H. Savage acquitted the companies. Said Judge Savage: "I have an absolute conviction that the defendants are not guilty."

The heart of Justice's complaint was that Standard Oil Co. (New Jersey) and its affiliated companies had...

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