HEARINGS BEFORE THE ANTITRUST SUBCOMMITTEE OF THE COMMITTEE ON THE JUDICIARY HOUSE OF REPRESENTATIVES EIGHTY-SEVENTH CONGRESS FIRST SESSION ON H.R. 71 A BILL TO SUPPLEMENT THE ANTITRUST LAWS OF THE UNITED STATES AGAINST RESTRAINT OF TRADE OR COMMERCE BY PREVENTING MANUFACTURERS OF MOTOR VEHICLES FROM FINANCING AND INSURING THE SALES OF THEIR PRODUCTS 73326 JUNE 7, 8, 9, 28, 29, AND 30, 1961 PART 2 Printed for the use of the Committee on the Judiciary Serial No. 11 U.S. GOVERNMENT PRINTING OFFICE CONTENTS Page Arnold, Thurman, of Arnold, Fortas & Porter, Washington, D.C... 1341 Cassat, David B., president, Interstate Finance Corp., Dubuque, Dixon, Hon. Paul Rand, Chairman; accompanied by John Wheelock, Gossett, William T., vice president and general counsel; accompanied by Theodore O. Yntema, vice president and chairman, finance committee, Ford Motor Co.; and J. B. Lackey, vice president, 394 507 Jones, Paul, chairman of the executive committee, American Finance Kefauver, Hon. Estes, a U.S. Senator from the State of Tennessee (statement presented by Bernard Fensterwald, Jr., staff director, Senate Antitrust and Monopoly Subcommittee of the Committee Loevinger, Hon. Lee, Assistant Attorney General; accompanied by Misch, F. W., vice president, finance, Chrysler Corp.; accompanied by 365 865, 910 Mullins, R. L., president of the Wolfe City National Bank of Wolfe Patman, Hon. Wright, a Representative in Congress from the State Steere, David D., president, Allied Finance Co., Dallas, Tex- Stradella, Charles G., chairman of the board, General Motors Accept- ance Corp.; accompanied by A. F. Power, general counsel, General Utterback, Earl M., executive secretary, Indiana State Teachers 316 Werner, Louis, Peat Marwick Mitchell & Co., Chicago, Ill.; accom- 404 Whiteside, Charles B., vice president and director of the Merchants Yntema, Theodore O., vice president, Ford Motor Co., and chairman of the finance committee; accompanied by William T. Gossett, vice president and general counsel of Ford Motor Co.; and Robert 8. Olson, president, and J. B. Lackey, vice president, Ford Motor Credit Co... Additional information: Allied Finance Co.: Annual reports: 1369 919, 969, 1060 1953 1954. 1955. 1956. 1957. 1958. 1959. 1960. 1721 1709 1697 1681 1661 1641 1621 1601 Letter, July 10, 1961, to Hon. Emanuel Celler, with enclosure. Letter, July 17, 1961, to Hon. Emanuel Celler, with enclosure. Letter, July 28, 1961, to Hon. Emanuel Celler, with enclosures 1525 Statement_ __ Omacht, George W., letter, August 2, 1961, to Hon. Emanuel What a Sales Finance Company Does.... Public Law 1026, 84th Congress. 1018 House Report No. 2850, 84th Congress, 1st session, Automobile 1020 Intraoffice memorandum, November 9, 1959, to Robert S. 1007 Letter, July 25, 1961, to Hon. Emanuel Celler, with en- 1287 Statement_ 1243 Yntema, Theodore O.: Letter, July 24, 1961, to Hon. Emanuel Celler, with en- 1265 Supplemental statement.. 1392 General Motors Acceptance Corp. and General Motors Corp.: 414 Gordon, Julian F., letter, May 18, 1961, to General Motors dis- Letter, July 25, 1961, to Herbert N. Maletz, enclosing... Additional information-Continued General Motors Acceptance Corp., etc.—Continued Letter, July 25, 1961, to Herbert N. Maletz, enclosing-- B. Transmittal letter to all General Motors dealers enclosing copy of final judgment. --- C. Transmittal letter to everyone in the con- tinental United States of the car divisions of General Motors Corp., enclosing consent D. Memorandum from the general counsel ex- 738 742 F. Memorandum: Diesel-electric locomotives. 743 Letter, August 5, 1961, to Herbert N. Maletz, with en- closure.. 952 Stradella, Charles G., statement. 465 Towell, Thomas W., letter, August 2, 1961, to Herbert N. Maletz, 859 Loevinger, Hon. Lee, statement.. 390 United States v. General Motors Corp., et al., General Motors Ac- 123 United States v. General Motors Corp., et al., General Motors Corp., 127 United States v. General Motors Corp., et al., General Motors Ac- 121 United States v. General Motors Corp., et al., General Motors Sales 125 United States of America v. Chrysler Corp., et al., in the District ana United States of America v. Ford Motor Co., Universal Credit Corp., et al., in the District Court of the United States for the Northern United States of America v. General Motors Corp., General Motors Acceptance Corp., and General Motors Sales Corp., in the U.S. District Court for the Northern District of Illinois.... United States of America v. Chrysler Corp., et al., complaint. 175 206 158 United States of America v. Ford Motor Co. v. Commercial Invest- 170 |