OCR Text |
Show I HOOVER MEETS OPPOSITION. Opposition to Secretary of Commerce Com-merce Hoovers suggestion that big business be allowed to form comblna , lions is coming from a number of oources Senator Norris, who Is one of the leaders of his party, says: "It is quite evident to me that whatever, what-ever, if anything, is left of the Sher man anti trust law as it applies to big business, has been repealed by Mr. Hoover. If it means anv thing, It means that in the future no attempt will br- made to prosecute bis busi I ness because it combines or forms a monopoly, providing it is done accord Lag to the methods mapped out in Mr Hoover's letter, which means in of feet, as I understand it. that business eoncerns that want t combine and form a trust or a monopoly have only io announce that their combination Is not in restraint of trade and Is not a monopoly, at least as far as can be ascertained as-certained by outside observation." Secretary Hoover Is aiming to strengthen big business without destroying de-stroying competition He sees the necessity ne-cessity of allowing the large exporting concerns to so co operate as to meet the combined efforts of foreign com petitora. |