The Annals of the American Academy of Political and Social Science Volume 81-83

The Annals of the American Academy of Political and Social Science Volume 81-83

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1919 edition. Excerpt: ... to the Standard Oil case, is unknown, but it would probably not be far from the fact to say that such failure was due to the recognition by the Department of the necessity of such method of rate-making by the carriers, and to the Department's belief that the public interest was best served by failing to prosecute. ltlodzlfication of the Law by Acts of Congress 1. The Panama Canal Act, approved March 4, 1913, con' tained a provision prohibiting a railroad company from having any interest in a competitive water line, but further provided that the Interstate Commerce Commission was empowered 130 Permit the continuation of any such ownership if it found that the Water line was being operated in the public interest, was of a.dva.ntit';e to the convenience and commerce of the people, and that the continuance of such ownership would not exclude, prevent 01' reduce competition on the water route. It is doubtful whether Congress had ever before recognized the principle that competition may be entrusted to regulation by an administrative bod)' Q. The Federal Trade Commission Act of September 26, 1914! declared that unfair methods of competition in commerce Were unlawful, established the Federal Trade Commission, and conferred upon it the power to administer the law. There appears in this broad grant of power full and complete recognition by Con' gress of the principle that competition should not as a matter 0f right be free, but that it should be restricted and subjected to regulation. The commission was authorized to file a compla"int against any person, firm or corporation deemed by it to be using any unfair method of competition if it appeared to the commiSsion that the filing of such a complaint would...
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Product details

  • Paperback | 354 pages
  • 189 x 246 x 19mm | 630g
  • United States
  • English
  • black & white illustrations
  • 1236955935
  • 9781236955937