by George Howard Earle, Jr.

“ It is confusing to be told that all arrangements tending to stifle competition in national trade are direct and illegal restraints, but that, of course, a partnership that might make such competition even a fraud is, nevertheless, perfectly legal; that "unifications of interest" by complete ownership are indirect and legal, while they are also the most dangerous and illegal forms of direct restraint; that absolutely every restraint of trade is illegal, though there are many exceptions to this rule, without exception ”

“ For nearly twenty years the national tribunals have been engaged in interpreting the Anti-Trust Act of July 2, 1890. That it has been considered deeply and earnestly by the Supreme Court is shown by the constancy and strength of dissenting opinion. ”