Commission on Communications, Volume 10U.S. Government Printing Office, 1930 |
Common terms and phrases
Admiral Bullard agreement agrees Alexanderson Alexanderson alternator American Marconi apparatus British Thomson-Houston broadcasting cable cent CHAIRMAN circuit Colonel DAVIS committee communications business competition concerned contract Corporation of America court Electric equipment Federal Radio Commission field foreign frequency gasoline Government granted GREEN HARBORD interest international communications International Telephone inventions J. P. Morgan license manufacturing Marconi matter ment messages monopoly munications operation organization party patent rights President Wilson primary defendants question Radio Commission radio communication Radio Corporation radio devices radio purposes rates record reference regulation royalties SARNOFF sell Senator BARKLEY Senator BROOKHART Senator DILL Senator HAWES Senator KEAN Senator PITTMAN Senator WAGNER Senator WHEELER shares Standard Oil Co statement stations Telefunken Telephone & Telegraph TERRELL territory thing tion traffic tube understand unification United wave lengths Western Union Westinghouse WINTERBOTTOM wire wireless YOUNG
Popular passages
Page 1123 - ... the corporation described in and which executed the foregoing instrument; that he knows the seal of said corporation; that the seal affixed to said instrument is such corporate seal; that it was so...
Page 1122 - This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, personal representatives, successors, and permitted assigns.
Page 1410 - ... whatever difference of opinion there may be among economists as to the social and economic desirability of an unrestrained competitive system, it cannot be doubted that the Sherman Law and the judicial decisions interpreting it are based upon the assumption that the public interest is best protected from the evils of monopoly and price control by the maintenance of competition....
Page 1410 - The reasonable price fixed today may through economic and business changes become the unreasonable price of tomorrow. Once established, it may be maintained unchanged because of the absence of competition secured by the agreement for a price reasonable when fixed. Agreements which create such potential power may well be held to be in themselves unreasonable or unlawful restraints, without the necessity of minute inquiry whether a particular price is reasonable or unreasonable as fixed and without...
Page 1267 - Canada, there shall be inserted an express condition, that no member of the House of Commons shall be admitted to any share or part of such contract, agreement or commission, or to any benefit to arise therefrom.
Page 1410 - The aim and result of every price-fixing agreement, if effective, is the elimination of one form of competition. The power to fix prices, whether reasonably exercised or not, involves power to control the market and to fix arbitrary and unreasonable prices.
Page 1403 - The prohibitions of the statute cannot "... be evaded by good motives. The law is its own measure of right and wrong, of what it permits, or forbids, and the judgment of the courts cannot be set up against it in a supposed accommodation of its policy with the good intention of parties, and it may be, of some good results.
Page 1123 - ... such corporate seal ; that it was so affixed by order of the board of directors of said corporation, and that he signed his name thereto by like order.
Page 1403 - ... or the escape of its prohibitions "by any indirection." United States v. American Tobacco Co., 221 US 106, 181. Nor can they be evaded by good motives. The law is its own measure of right and wrong, of what it permits, or forbids, and the judgment of the courts cannot be set up against it in a supposed accommodation of its policy with the good intention of parties, and it may be, of some good results.
Page 1403 - Rights conferred by patents are indeed very definite and extensive, but they do not give any more than other rights a universal license against positive prohibitions. The Sherman law is a limitation of rights — rights which may be pushed to evil consequences, and therefore restrained.