James Clark McReynolds

“ In the absence of a purpose to monopolize, or the compulsion that results from contract or agreement, the individual certainly may exercise great freedom; but concerted action through combination presents a wholly different problem, and is forbidden when the necessary tendency is to destroy the kind of competition to which the public has long looked for protection. The situation here questioned is wholly unlike an exchange, where dealers assemble and buy and sell openly, and the ordinary practice of reporting statistics to collectors stops far short of the practice which defendants adopted. ”

“ That each subscriber will furnish the bureau, upon request, information pertaining to any buyer of linseed oil, cake, and meal, and may request the bureau to secure like information from all other subscribers, whenever it shall have an order, or an account with, or an inquiry from, the buyer, and this information will be promptly relayed to all interested subscribers. ”

“ That all information reported or received shall be purely statistical and relevant to past operations, and no part of the bureau's machinery will be used to fix prices, divide territory, limit sales, production, or manufacture, or control competition. ”