Antitrust and Trade Regulation laws aim to promote free competition in the marketplace. Agreements or cooperative efforts by two or more entities that affects or restrains competitors is illegal under these laws. The Sherman Act makes illegal any contract, combination, or conspiracy in restraint of trade or commerce and makes monopolies and attempts, combinations, or conspiracies to monopolize illegal. The Clayton Act regulate price discrimination, tying and exclusive dealing contracts, stock acquisition and interlocking directorates.
Newfoundland is an unincorporated area in West Milford, New Jersey, Jefferson Township, and Rockaway Township. It is located along the New York, Susquehanna and Western Railway tracks and Route 23. It is the mailing address of Green Pond, a private lake that is in Rockaway Township. Newfoundland was a popular resort destination at the turn of the century. Several resort hotels including Brown's Hotel and Idylease Inn relied on the railroad to bring guests for the resort season.