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Basing-Point Systems Curb Competition in Business

BY EWIN L. DAVIS
FEDERAL TRADE COMMISSIONER

In an effort to prevent monopolies and conspiracies in restraint of trade and to preserve and protect free enterprise antitrust laws have been enacted. One of the devices which has been extensively and successfully employed to fix prices and prevent competition is known as the "basing-point system." It is a method of pricing which automatically produces identical delivered prices for all sellers at any given destination. As a result there are wide variations in the prices realized by each mill from its various customers.

It is necessary to stop such practices to protect the small businessman. The Government should see that the game is played fairly.

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in opposition to monopolies and conspiracies in restraint of trade.

On April 29, 1938, President Franklin D. Roosevelt delivered a message to Congress in which, among other things, he gave official statistics showing the vast concentration of private assets and power into the hands of a few. He also declared:

"Private enterprise is ceasing to be free enterprise and is becoming a cluster of private collectivisms; masking itself as a system of free enterprise after the American model, it is in fact becoming a concealed cartel system after the European model.

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