Salt Lake Telegram | 1935-06-21 | Page 1 | Inside Stuff

Inside Stuff I By PAUL l 1 MALLON N WASHINGTON June 21 The J ew dealers have been doing con- con talking out loud lately I bout enforcing antitrust laws The 1 l f justice de depart depart- p ar t- t No 1 Trust men ment t h has as a a an- n- n no flounced 11 nee d It Is I T Insight i g gs 1 g gt going to enforce the them h e m strongly now that the la done You may have been induced in- in Induced in to suspect that the wrath of ot the federal prosecutor is aroused 1 f There is no need for tor any business businessman businessman man or trust-busting trust senator to wait around for this particular Wrath to descend iThe The Tho inside on that si situation was 1 aptly described by a certain sub- sub cabinet officer who rec recently said thc record record If It the government were to enforce enforce en en- force the antitrust laws In the tho rigid way vay they havo have been Interpreted by the courts it would cost a year and play havoc with about half of ot American bu business tJ You mil may bet your last dollar that thata a mUd mild and moderate policy will be pursued Th The only antitrust changes to be expected In the next few tew months are those directly involving court decrees decrees de de- de- de crees and codes F F Arf Mi example is the old 1920 court decree against the American Col- Col and Lumber Co restraining It from irom any action to maintain or awe prices That decree was WM modified om- om i daily dally when the N R A lumber codes permitted p price r 1 c e Policy Polley fixing Now that To Bo th the N R A is gone d t f the tho decree will tt again be opera Uve uve m. m There aj are arc not many com corn panics jy in this situation i j 0 he government also alao i Milt ilk In may cx- cx g Ho to proceed against som large on oo Pat Pare V K W Inside Stuff 1 Continued from Pare Pace One uit law violators as it has in the ut eat Such prosecutions show the theeart theeart eart cart of the prosecutor is in the Ight place In fact the new dealers ten ven now can point to a record h. flowing twenty-five twenty antitrust law in the first two years 1 and two months of oC its tion under EI n 1 Style as compared with r F twenty-six twenty In the ur years of the Hoover adminis- adminis ration But as for lor the now general susi sus- sus i lon ion that the new dealers will on a trust-busting trust cam- cam aign it is out of the picture and either Attorney General Cummings or the new deal is the trust busting pe pe the utility bill to the contrary The time is not Ip Ipe for such things 1 Most business men you talk to hese days seem to have an in- in Inner feeling that things re Xe better that continued improve- improve lent is i Inevitable There are no to prove It In fact the barometers steel are continuing to fall under unde he seasonal summer heat But it has become suddenly poplar pop- pop lIar ilar for tor the first time in years to toi i t take ke an optimistic t form view of recovery nd Held It is Js no longer fear ear popular to be a I pessimist You will get tho the best example rom corn the stock market It It has shown strength th in recent weeks i n tho the face tace of news t refuses to follow bad news It Il lal as lost its fear Economists have a hundred different ex- ex uses ues for the phenomenon One Is hat purchasing power Is being by federal activities but uch luch activities have not increased tely The other excuses are arc no letter What appears to have happened i that confidence and self-assurance self lie ire being reestablished by a fatalis- fatalis Ic c anticipation that the end of ot the cycle has hag been reached 1 Na Navy Nas' Secretary Swanson has writ- writ len n a personal letter to Rear Ad- Ad Stirling commandant of the Brooklyn navy yard suggesting that the e admiral be a n little more careful bout the articles he writes for mag- mag The letter was not a reprimand band mand only a suggestion 4 What flat caused it was the fuss up largely larsel by friends of the loviet here about Stirling's lost last piece that European nations stop quarreling among them- them and recognize the dan danger er of ofa ofa a spread of communism It was gratuitous advice There is a rumor around that president resident Roosevelt will put out a when congress adjourns Curing business that the major form dorm pro program am has now been beer end en- en d that there will be bc no more The rumor is premature but the tho it describes is not It is L fact that he Is s keeping congress tee ere to his entire get reform pro- pro tram ram am out of the way This coming iU U will start a year pull-year in prepa prepa- for the tho elections 19 1935 for The he Telegram