When Standard Oil got too omnivorous for Theodore Roosevelt's liking, a U.S. court broke it up into 34 competing companies. Last week, Attorney-General Tom C. Clark recommended to Congress that the same thing be done to another titan, the Aluminum Company of America. Said he: only by breaking up Alcoa into several smaller, competing companies can true and permanent competition be brought to the aluminum industry.
Tom Clark's 140-page brief made one prime point: the $670,000,000 aluminum plants owned by the Defense Plant Corp. cannot compete with Alcoa if they are turned over to private hands. In general, the DPC plants...
To continue reading:
or
Log-In
