Business & Finance: Radio's Defence

The complaint filed by the Federal Trade Commission against the Radio Corporation of America, alleging a monopoly in the radio business (TIME, Feb. 4), was answered in a preliminary way by General James G. Harbord, President of the Radio Corporation. He declared that not only was his company ready to open its books for a complete review of its status and activities, but that it had already done so to representatives of the Federal Trade Commission.

General Harbord stated that the Radio Corporation was the result of the "request of responsible officers of the Navy...