William O. Douglas

“ It therefore seems to me that a District Judge, faced with violations such as were involved here, would want to know first, how investment bankers built their empires; second, how this particular firm built its own empire; third, the effect of these banker empires on competition between the companies which are tied to them.
The fact that the Lehman partner resigned to avoid a decision on the merits has little, if any, relevancy to the issue in the case, for we are here concerned with the proclivity of the house to indulge in the practice. ”

“ Monopoly and restraints of trade are sometimes the products of practices and devices as ingenious as the minds of men. Sometimes they follow a blunt and direct course as is involved in the acquisition of the assets of a competitor-a way of growth of monopoly power to which the decisions of the Court have given a powerful impetus and encouragement. ”

“ Unless we know that much, we are in no position to carry out Woodrow Wilson's policy expressed in § 8 of the Clayton Act that those interlocking directorates should be prevented which make 'those who affect to compete in fact partners and masters of some whole field of business.' Message, Joint Session of the Houses of Congress, Jan. ”