Page 4-B
THE CHOWAN HERALD
Thuraday, October 14,1976.
Report Fro*
Sea. Morgofl
When the Congress passed
and the President decided to
sign the Hart-Scott-Rodino
Anti-trust Bill, I felt that
here wore two real winners.
They were the American
people and the free en
terprise system.
This new law, which will
make Anti-trust laws more
enforceable, caused a lot of
mail, some of it highly
critical of me, while it was
being considered by the
Senate. Most of the letters
reflected a real concern of
small businessmen and
individuals who feared the
passage of the bill would
hurt small business.
Those who are familiar
with my public record
should know that I would do
nothing to hurt the small
businessman, but in this
instance, big business, who
bitterly opposed the bill,
organized a campaign that
deceived many people.
The new law will improve
anti-trust enforcement
primarily against those who
have great economic power,
and who abuse it by price
fixing. But the uniform
misrepresentation among
the big businesss groups
who lobbied against the bill
was that it would be used
primarily against small
businessmen. This is non
sense, but it did alarm many
small businessmen and get
a lot of mail coming to
Wahington, which was the
object.
Now, since the bill has
become law, those who were
misled by the distortions
should know just what
this new law will do.
The fact is there has been
an Anti-trust Law in effect
since 1890, when it was in
troduced by Senator John
Sherman of Ohio, and it was
made necessary by giant,
growing corporations who
were driving small, in
dependent businessmen to
the wall. The problem
remains today-because of
the Sherman Act was not
being enforced and the
enforcement agencies were
very weak.
The situation in the states
has not been any better than
at the federal level. With
few exceptions-and North
Carolina is one-the states
do little about enforcing
Anti-trust laws within their
boundaries. Michigan, home
of General Motors and Ford,
has no lawyer in the At
torney General’s office who
works full time on anti-trust
matters.
This new law will help the
Attorney General fight
unfair restraint of trade. It
gives the Attorney General
power to look at the records
of a corporation suspected
of violations, subject to
court review. This is nothing
new to North Carolina,
where the Attorney General
has had this power since
1913.
Another provision which is
important to consumers will
cause firms who are guilty
of price fixing to think twice.
Until now there was no way
for consumers to sue those
who sneaked a few extra
cents onto the price of a
gallon of gas or a can of
shaving cream. Now the
state Attorney General can
bring suit on behalf of the
consumer and collect triple
damages from the company
if he wins.
An amendment which I
fought for will provide funds
for states to develop anti
trust enforcement depart
ments in state Attorney
General’s offices, giving
people somewhere to turn
when their economic rights
are violated-and that in
cludes the consumer who is
being “ripped off” and the
small business being forced
out of business by large
corporations, in violation of
this law.
Senator Hart, who is ill,
asked me to lead the floor
fight for this bill and I am
glad that I did. In the free
enterprise system, everyone
is hurt* by those who would
ruin that system. This will
penalize those who cheat.
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