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STUDY OF MONOPOLY

HEARINGS

BEFORE THE

STANFORDWER

NOV
3

1950

DOCUMENT

DIV.

SUBCOMMITTEE ON STUDY OF MONOPOLY POWER

OF THE

COMMITTEE ON THE JUDICIARY
HOUSE OF REPRESENTATIVES

EIGHTY-FIRST CONGRESS

SECOND SESSION

CONTAINING THE PROCEEDINGS OF
APRIL 17, 18, 19, 20, 21, 24, 25, 26, 27, 28
MAY 3, 5, 9 AND 11

Serial No. 14

PART 4A

STEEL

Printed for the use of the Committee on the Judiciary

HEARINGS

BEFORE THE

SUBCOMMITTEE ON STUDY OF MONOPOLY POWER

OF THE

COMMITTEE ON THE JUDICIARY
HOUSE OF REPRESENTATIVES

EIGHTY-FIRST CONGRESS

SECOND SESSION

96347

CONTAINING THE PROCEEDINGS OF
APRIL 17, 18, 19, 20, 21, 24, 25, 26, 27, 28
MAY 3, 5, 9 AND 11

Serial No. 14

PART 4A

STEEL

Printed for the use of the Committee on the Judiciary

UNITED STATES
GOVERNMENT PRINTING OFFICE

WASHINGTON: 1950

COMMITTEE ON THE JUDICIARY
EMANUEL CELLER, New York, Chairman

FRANCIS E. WALTER, Pennsylvania
SAM HOBBS, Alabama

WILLIAM T. BYRNE, New York
JOSEPH R. BRYSON, South Carolina
THOMAS J. LANE, Massachusetts
MICHAEL A. FEIGHAN, Ohio
FRANK L. CHELF, Kentucky

ED GOSSETT, Texas

J. FRANK WILSON, Texas

ROBERT L. RAMSAY, West Virginia

DIXIE GILMER, Oklahoma
BOYD TACKETT, Arkansas
EDWIN E. WILLIS, Louisiana
WINFIELD K. DENTON, Indiana
JAMES B. FRAZIER, JR., Tennessee
PETER W. RODINO, JR., New Jersey

EARL C. MICHENER, Michigan
CHAUNCEY W. REED, Illinois
LOUIS E. GRAHAM, Pennsylvania
FRANK FELLOWS, Maine

JOHN JENNINGS, JR., Tennessee
CLIFFORD P. CASE, New Jersey
KENNETH B. KEATING, New York
WILLIAM M. MCCULLOCH, Ohio
J. CALEB BOGGS, Delaware

ANGIER L. GOODWIN, Massachusetts

BESS EFFRAT DICK, Chief Clerk
VELMA SMEDLEY, Assistant Chief Clerk
C. MURRAY BERNHARDT, Committee Counsel
WILLIAM R. FOLEY, Committee Counsel
WALTER M. BESTERMAN, Legislative Assistant
WALTER R. LEE, Legislative Assistant
CHARLES J. ZINN, Law Revision Counsel

SUBCOMMITTEE ON STUDY OF MONOPOLY POWER
EMANUEL CELLER, New York, Chairman

FRANCIS E. WALTER, Pennsylvania
JOSEPH R. BRYSON, South Carolina
THOMAS J. LANE, Massachusetts
J. FRANK WILSON, Texas
EDWIN E. WILLIS, Louisiana
WINFIELD K. DENTON, Indiana

EARL C. MICHENER, Michigan
KENNETH B. KEATING, New York
WILLIAM M. MCCULLOCH, Ohio

EDWARD H. LEVI, Counsel

C. MURRAY BERNHARDT, Administrative Counsel
DAVID C. COYLE, Consultant

JERROLD L. WALDEN, Assistant Counsel

II

PREVIOUS PUBLICATIONS BY THE SUBCOMMITTEE ON STUDY OF MONOPOLY POWER

SERIAL 14, PART 1, hearings of July 11, 13, 15, 18, 20, 22, 25, 27, and 29, and August 1, 3, 5, and 24, 1949–—general hearings on monopoly problems, including report by the Federal Trade Commission on concentration of productive facilities and a summary of existing antitrust laws.

SERIAL 14, PART 2 (A and B), two volumes of hearings containing testimony of October 25, 26, 27, November 2, 3, 9, 10, 15, 16, 17, 21, 22, 25, 28, 29, 30, and December 1, 1949, as well as the Census of Manufactures, 1947; a report of the Securities and Exchange Commission on the Public Utility Holding Company Act; and selected investment data on 100 largest life-insurance companies.

SERIAL 14, PART 3, hearings of February 1, 8, 15, 23, 24, and March 1, 1950, on a bill to increase the criminal penalties of the antitrust laws; a bill to provide for periodic reports by the Attorney General on consent decrees in antitrust cases; and a proposed bill to amend the Webb-Pomerene Act, including a report by the Justice Department on strengthening the remedies in the antitrust laws and the decision in the case of United States v. U. S. Alkali Erport Association (86 F. Supp. 59 (1949)).

SERIAL 14, PART 5, containing the hearings of May 8 and 10, 1950, on a bill designed to provide a uniform statute of limitations for private triple-damage actions and to allow the United States Government to sue as a private suitor for damages suffered by reason of violations of the antitrust laws.

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