Show HOOVER RIG RIGhT ON X COI 1 Secretary Hoover Is ot of course right In hi his suggestion that It if for to- foreigners eigners are free lo form selling combinatIons f tt to hold up L ll can bu business AmerIcans will have to be permitted to form buying burin combinations to meet them With only one buyer uyer to the one seller the tho result Is likely to be about the same amo as under free compe- compe ion on both sides aIdes So tar far the tho scheme Is obvIous But It can not stop tt so tar The buying combine to hO down American wholesale buy buy- buyIng log Ing prIces could too easily ls l's diverted to a a. selling combine to put up American retail prices to the tho consumer Unless the savings of oC monopolY are passed on to the consumer the they becom extortion In our experience the way to prevent this has been public reg- reg Wo We have applied this to public utilities because they re-I re are arc In large part natural s. s We Ve shall sh doubtless have ha to do dothe dothe the same thing thine to any other bUSIness busi- busi business ness In which we protect an bUSI art art- monopoly In an any ot of Its parts part |