The Legal Status of Agricultural Co-operation

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Macmillan, 1927 - 555 pages

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Page 76 - That the labor of a human being is not a commodity or article of commerce. Nothing contained in the antitrust laws shall be construed to forbid the existence and operation of labor, agricultural, or horticultural organizations, instituted for the purposes of mutual help, and not having capital stock or conducted for profit, or to forbid or restrain individual members of such organizations from lawfully carrying out the legitimate objects thereof; nor shall such organizations, or the members thereof,...
Page 289 - The parties to a contract may agree therein upon an amount which shall be presumed to be the amount of damage sustained by a breach thereof, when, from the nature of the case, it would be impracticable or extremely difficult to fix the actual damage.
Page 469 - If any clause, sentence, paragraph or part of this Act shall, for any reason, be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair, or invalidate (the remainder thereof, but shall be confined in its operation to the clause, sentence, paragraph or part thereof directly involved in the controversy in which such judgment shall have been rendered.
Page 238 - Agriculture shall have reason to believe that any such association monopolizes or restrains trade in Interstate or foreign commerce to such an extent that the price of any agricultural product is unduly enhanced by reason thereof...
Page 384 - The aim and result of every price-fixing agreement, if effective, is the elimination of one form of competition. The power to fix prices, whether reasonably exercised or not, involves power to control the market and to fix arbitrary and unreasonable prices. The reasonable price fixed today may through economic and business changes become the unreasonable price of tomorrow.
Page 63 - ... to share in the property of the association with the old members, in accordance with such general rule or rules.
Page 232 - In order to promote, foster and encourage the intelligent and orderly marketing of agricultural products through co-operation; and to eliminate speculation and waste ; and to make the distribution of agricultural products between producer and consumer as direct as can be efficiently done ; and to stabilize the marketing of agricultural products, this Act is passed. § 2. DEFINITIONS. As used in this act. (a) The term "agricultural products" shall include horticultural viticultural, forestry, dairy,...
Page 383 - The corporation is undoubtedly of impressive size and it takes an effort of resolution not to be affected by it or to exaggerate its influence. But we must adhere to the law and the law does not make mere size an offense or the existence of unexerted power an offense.
Page 258 - An act to create a Federal Trade Commission, to define its powers and duties, and for other purposes...
Page 142 - The affairs of the association shall be managed by a board of not less than five directors elected by the members or stockholders from their own number except as hereinafter provided.