The potters herald. [volume] (East Liverpool, Ohio) 1899-1982, 1951-03-22
BEHIND THE HEADLINES
Is Big Business Running The Show?
Here's The Story
By IRVING FAGAN and CUSHMAN REYNOLDS
For Labor Press Association

For Labor Association
Washington 0PA)-The anti press keeps pounding at
abors mobilization program keeps insisting,
falsely that the dispute is merely the formula The anti
ming the show.
1t is unfortunate the press point along
comes te rederl rage % E WIN I
WILSON, iaGDi D"''"'nS O"i'"SS against '"''''NN'''
The language of the report sober and cautious damg
The FTC studied the 1000 largest corporations in
1916 went over the records Of % electric mahnery mn
and had 815 directors the board of two of the 2o
The big four the electrical industry General Electric will
sons frm Westinghouse Ectf western tefIrc @ wGnPs snd
through these nterockng drectorae they make happy fam
bids G sitting Of Westinghouse
director of Wesnghouse from being the board of third corp
family competitors" and
significant pattern the study goes nterocking relations
vertsng promotion minimizing price competition Of
eT d d o%pans a o % %
the manufacture Of directly competing products erocng directors
panys 1ay Sg market t by another"
There's more lots more "Such nerocing relationships
have established lines Of preference preferential access supplies
direct neong drectorates by consent decree in 1892 but in an
ect es) may seriously affect competitive rvaes Of the Big
say e s saer @ members PT of the epUIe mde ner % in
direct neocks be just effective in impementng anticom-
look this family The ETC study shows I that direct
commercial banl~Chase National Guaranty Trust National of
Mellon Nation
al They together life insurance
nations utyAmeca Telephone Iele-
graph of leading railroad the New York Central on
of industrials Kenneco Copper
all also have nterlockng
relationships with still big happy family
another look Of the II directors listed for General
of connected with other Five
headed banks the boards of banks Charles f. Wilson, G
sen the Guaranty Trust Co SO GE dir
of j. p Stevens Also the
Guaranty board Gano Dunn president of D. G White En-
gineerng Corp Dunn a director Of RcA.
Young of GE sat the board of New York Life Inur-
ane Co. Dcey, president of j. p Morgan
gle director And did James o. Harbord chairman OF
Dcey also the board of Kennecot Copper which
had nterocks with Arthur Page director of AT T. who was
National whose board Stevens
was o the board of Chase National.
nd The lead not only banks
companies but into machinery companies primary metals
transportation equipment food kindred products chemicals
allied products fabricated metal products and public utilities
the ETC The pattern of nterlocking
the Big -Four overhadows other nterocks within
the position occupied by the
the historical record of their coaborate
tvties."
And historical organized RCA in 1919
RCA and Westinghouse caused anti
The and
radio communications and radio
entered 1882 The decree
dispose of their stock interest RAG
restraining by dividing markets under
license agreements similar IE
cnoncd officers
RCA RCA
enned from having officers directors with cleo
trical manufacturing companies.
In 9il another antitrust suit filed 1t was decided IN l99
Westinghouse others had monopoized the in
industry establishing and maintaining numbeWo
supporting monopoies and embracing patents.
foonote Cser announced March 13 that 1t had
toag about 81 billion General Motors and Ford
them military of $4 billion plus That
makes SIS billion for the Big Three auto makers