Nomination of Martin A. Hutchinson to be a Member of the Federal Trade Commission: Hearing Before the Committee on Interstate and Foreign Commerce, United States Senate, Eighty-first Congress, Second Session, on Nomination of Martin A. Hutchinson, of Virginia, to be a Member of the Federal Trade Commission for the Unexpired Term of Seven Years from September 26, 1946, Vice Ewin Lamar Davis, Deceased. June 14, 1950

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Page 15 - A vacancy in the commission shall not impair the right of the remaining commissioners to exercise all the powers of the commission.
Page 15 - That a commission is hereby created and established, to be known as the Federal Trade Commission (hereinafter referred to as the commission), which shall be composed of five commissioners, who shall be appointed by the President, by and with the advice and consent of the Senate. Not more than three of the commissioners shall be members of the same political party.
Page 15 - ... the date of the taking effect of this Act, the term of each to be designated by the President, but their successors shall be appointed for terms of seven years, except that any person chosen to fill a vacancy shall be appointed only for the unexpired term of the commissioner whom he shall succeed.
Page 15 - That a Commission is hereby created and established to be known as the Interstate Commerce Commission, which shall be composed of five Commissioners, who shall be appointed by the President, by and with the advice and consent of the Senate.
Page 15 - It was created with the avowed purpose of lodging the administrative functions committed to it in "a body specially competent to deal with them by reason of information, experience, and careful study of the business and economic conditions of the industry affected, and it was organized in such a manner, with respect to the length and expiration of the terms of office of its members, as would "give to them an opportunity to acquire the expertness in dealing with these special questions concerning...
Page 15 - The commission is to be nonpartisan; and it must, from the very nature of its duties, act with entire impartiality. It is charged with the enforcement of no policy except the policy of the law.
Page 15 - was created with the avowed purpose of lodging the administrative functions committed to it in 'a body specially competent to deal with them by reason of information, experience, and careful study of the business and economic conditions of the industry affected...
Page 15 - ... are persuaded that the Commission's long and close examination of the questions it here decided has provided it with precisely the experience that fits it for performance of its statutory duty. The kind of specialized knowledge Congress wanted its agency to have was an expertness that would fit it to stop at the threshold every unfair trade practice — that kind of practice which, if left alone, "destroys competition and establishes monopoly.
Page 13 - Unfair methods of competition in commerce are hereby declared unlawful" and "the commission is hereby empowered and directed to prevent persons, partnerships, or corporations, except banks, and common carriers subject to the acts to regulate commerce, from using unfair methods of competition in commerce. "Whenever the commission shall have reason to believe that...
Page 11 - It is pertinent to this subject, and if there is no objection, we will include it as part of the record. (The letter referred to follows:) AERONAUTICAL TRAINING SOCIETY, Washington, DC, May 9, 1950. Hon. EDWIN C. JOHNSON, Chairman, Senate Interstate and Foreign Commerce Committee, Washington, DC DEAR SENATOR JOHNSON: We appreciate greatly your telegram of May 2, 1950, announcing that your committee will conduct hearings at 11 am, May 11, on pending prototype aircraft legislation and inviting our...

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