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International Salt Co. v. United States, 332 U.S. 392 (1947), was a case in which the United States Supreme Court held that the Sherman Act prohibits as per se violations all tying arrangements in which a product for which a seller has a legal monopoly, such as a patent, requires purchasers to buy as well a product for which the seller has no legal monopoly.
They later co-founded the Morton Sand and Gravel Company. [3] They purchased Richmond and Company, a salt distributor in 1886 and renamed it Joy Morton and Company. Mark Morton was the company's vice president and one of its directors from its founding until his retirement in 1922. The company became the International Salt Company in 1902.
The company began in Chicago, Illinois, in 1848 as a small sales agency, Richmond & Company, started by Alonzo Richmond as agents for Onondaga salt companies to sell their salt to the Midwest. In 1910, the business, which had by that time become both a manufacturer and a merchant of salt, was incorporated as the Morton Salt Company.
The group was organized by investor Edward Laton Fuller, President of the International Salt Company, and led by George Jay Gould I. [1] Gould, the President of the Denver and Rio Grande Western Railroad and the Missouri Pacific Railroad, had acquired control of several railroad companies in an attempt to build a transcontinental rail network c ...
Compass Minerals International, Inc is an American public company that, through its subsidiaries, is a leading producer of minerals, including salt, magnesium chloride and sulfate of potash. Based in Overland Park, Kansas ; the company provides bulk treated and untreated highway deicing salt to customers in North America and the United Kingdom ...
Construction of the mine began in 1958 by the International Salt Company. [7] Production began in 1962, [4] [7] and the company would be renamed Akzo Nobel Salt following an acquisition. [7] The mine was acquired by Cargill in 1997. [9] The company launched a $13.8 million expansion of operations in 2010. [9]
In this March 2021 photo, Paul Shibles piles up salt evaporated from seawater in the greenhouse at his 1830 Sea Salt Company. Shibles has sold his company to Greg Bilezikian, owner of Lighthouse ...
Within the history of China, every dynasty instituted a salt monopoly system, originally intended mainly for taxation purposes. Since salt was an essential and irreplaceable commodity used in everyday life, and therefore was viable as a stable source of government revenue, various historical rulers employed a salt monopoly which forbade the production and sales of salt by commoners. [4]