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Heads of Paper Trust Indicted in Sherman Act Case
New York April 12 six paper manufacturers and a banker were indicted for controlling about 55 percent of U S newsprint paper production and using restraint of trade in violation of antitrust law The group includes George H Mead Philip E Dodge Edward Backus George Chahoon Jr G H P Gould Frank J Sensenbrenner and Alexander Smith The indictment notes Mead as chairman of the executive committee of the Newsprint Paper Manufacturers Association and lists vast daily outputs for several firms The grand jury action follows a Department of Justice and Federal Trade Commission inquiry and seeks to curb the alleged price fixing and market control dominated by the association firms and linked financiers
MENTIONED IN THIS ARTICLE
New York
Federal Grand
Newsprint Paper Manufacturers’ Association
George F. Steele
George H. Mead
Philip E. Dodge
Edward Backus
George Chahoon, Jr
G. H. P. Gould
Frank J. Sensenbrenner
Alexander Smith
Chicago
Mead
Newsprint Paper Manufacturers' Association
Spanish River Pulp and Paper Mills
Lake Superior Paper Company
G. M. Mead Company
Dayton
Mr. Mead
Dodge
International Paper Company
Backus
Minnesota and
Ontario Power Company
Fort Frances Pulp and Paper Company
Cahoon
Laurentide Company
Canada Export Paper Company
Dominion of Canada
United States
Gould
Gould Paper Company
Donnacona Paper Company
St. Regis Paper Company
Sensenbrenner
Kimberly Clark Company
Smith
Securities of News Print Manufacturing Companies
Ontario
Spanish River Pulp and Paper Mills, Limited
Lake Superior Pulp and Paper Company
Abitibi Power and Paper Company
Newsprint Manufacturers’ Association
Colby
Grand Jury
Federal Grand Jury
Canada
Steele