U.S. Congic-s. House.
HEARINGS
BEFORE
ANTITRUST SUBCOMMITTEE
(SUBCOMMITTEE NO. 5)
OF THE
COMMITTEE ON THE JUDICIARY.)
HOUSE OF REPRESENTATIVES
EIGHTY-FOURTH CONGRESS
JUNE 7, 8, 10, 13, 14, 15, AND 17, 1955
Printed for the use of the Committee on the Judiciary
UNITED STATES
GOVERNMENT PRINTING OFFICE
FRANCIS E. WALTER, Pennsylvania
THOMAS J. LANE, Massachusetts
MICHAEL A. FEIGHAN, Ohio
FRANK CHELF, Kentucky
EDWIN E. WILLIS, Louisiana
JAMES B. FRAZIER, JR., Tennessee
PETER W. RODINO, JR., New Jersey
WOODROW W. JONES, North Carolina
E. L. FORRESTER, Georgia
BYRON G. ROGERS, Colorado
HAROLD D. DONOHUE, Massachusetts
SIDNEY A. FINE, New York
JACK B. BROOKS, Texas
WILLIAM M. TUCK, Virginia
ROBERT T. ASHMORE, South Carolina
JAMES M. QUIGLEY, Pennsylvania
CHARLES A. BOYLE, Illinois
COMMITTEE ON THE JUDICIARY
EMANUEL CELLER, New York, Chairman
PETER W. RODINO, JR., New Jersey BYRON G. ROGERS, Colorado SIDNEY A. FINE, New York
CHAUNCEY W. REED, Illinois
KENNETH B. KEATING, New York
WILLIAM M. MCCULLOCH, Ohio
RUTH THOMPSON, Michigan
PATRICK J. HILLINGS, California
SHEPARD J. CRUMPACKER, JR., Indiana
WILLIAM E. MILLER, New York
DEAN P. TAYLOR, New York
USHER L. BURDICK, North Dakota
LAURENCE CURTIS, Massachusetts
JOHN M. ROBSION, JR., Kentucky
DEWITT S. HYDE, Maryland
RICHARD H. POFF, Virginia
HUGH SCOTT, Pennsylvania
BESS E. DICK, Staff Director WILLIAM R. FOLEY, General Counsel WALTER M. BESTERMAN, Legislative Assistant WALTER R. LEE, Legislative Assistant CHARLES J. ZINN, Law Revision Counsel BESSIE M. ORCUTT, Administrative Assistant
ANTITRUST SUBCOMMITTEE
SUBCOMMITTEE No. 5
EMANUEL CELLER, New York, Chairman
KENNETH B. KEATING, New York WILLIAM M. McCULLOCH, Ohio HUGH SCOTT, Pennsylvania
HERBERT N. MALETZ, Chief Counsel KENNETH R. HARKINS, Cocounsel THOMAS R. MCGRAIL, Assistant Counsel WILLIAM W. MILLIGAN, Assistant Counsel
Statement of-
Page
Adams, Walter, associate professor of economics, Michigan State
University---
285, 304
Barnes, Hon. Stanley N., Assistant Attorney General in charge of the
Antitrust Division, Department of Justice...
Berle, Adolf A., Jr., professor of law, Columbia University.
Biemiller, Hon. Andrew J., national legislative committee; accom-
panied by William S. Tyson, of Woll & Tyson, general counsel,
American Federation of Labor
Bison, Henry, Jr., associate general counsel, National Association of
Retail Grocers..
Brennen, William S., assistant to the president, American Fair Trade
Council, Inc.__
Bunting, Earl, honorary vice president, National Association of
Manufacturers; accompanied by George G. Hagedorn, associate
director of research_.
Burger, George J., vice president, National Federation of Independent
Business___
Caplan, Julian, Esq., San Francisco, Calif.
Cook, Hon. H. Earl, Chairman, Board of Directors, Federal Deposit
Insurance Corporation; accompanied by Royal L. Coburn, General
Counsel, and Vance L. Sailor, Chief, Division of Examinations_.
Douglas, Hon. Paul H., a United States Senator from the State of
2181
Illinois_
309
Dresbach, Howard, chairman, legal and tax committees, National
Council of Farmers' Cooperatives..
1522
Emmerglick, Leonard J., professor of law, Georgetown University 736, 752
Frates, George H., Washington representative, National Association of
Retail Druggists...
552
2534
445
2143
1733
2229
Gidney, Hon. R. M., Comptroller of the Currency; accompanied by
L. A. Jennings, Deputy Comptroller of the Currency.
Goldberg, Arthur J., general counsel, Congress of Industrial Organiza-
tions; accompanied by Thomas E. Harris, associate counsel
Hamilton, W. E., director of research, American Farm Bureau Fed-
eration; accompanied by Matt Triggs, assistant legislative director.
Handler, Milton, professor of law, Columbia Law School__
Howrey, Hon. Edward F., Chairman, Federal Trade Commission;
accompanied by John W. Gwynne and Robert T. Secrest, members;
Harry Babcock, Director, Bureau of Investigation; John M. Blair,
staff economist; Robert Parrish, secretary; Joseph Sheehey, Director
Bureau of Litigation; D. C. Murchison, assistant to Chairman;
Thomas P. Baxter, Chief, Division of Management and Organiza-
tion; Earl W. Kintner, General Counsel; and Alex Akerman, Jr.,
Executive Director.
2289, 2440
Statement of—Continued
Martin, Hon. William McChesney, Jr., Chairman, Board of Governors,
Federal Reserve System; accompanied by Gov. J. L. Robertson,
member, Board of Governors..
McConnell, Thomas C., Esq., attorney at law, Chicago, Ill.
McDonald, Angus, assistant legislative secretary, National Farmers'
Union_...
Mermey, Maurice, director, Bureau of Education on Fair Trade..
Montgomery, Donald, director, Washington Office, UAW, CIO-
Mooney, George A., superintendent of banks, New York; accom-
panied by Richard E. Speagle, chief, research division, New York
Banking Department; and James Marshall Power, counsel, New
York Banking Department-
Morse, Hon. Wayne, a United States Senator from the State of
Oregon..
1975
373
1845
Nathan, Robert R., chairman, national executive committee, Ameri-
cans for Democratic Action__
2035
157
O'Mahoney, Hon. Joseph C., a United States Senator from the State
of Wyoming.
Oppenheim, S. Chesterfield, cochairman, Attorney General's National
Committee to Study Antitrust Laws..
Patman, Hon. Wright, a Representative in Congress from the State
of Texas..
1864, 2080
55, 66
Reuss, Hon. Henry S., a Representative in Congress from the State
of Wisconsin..
183
545
1919
671
435
509
292
2584
597
1653
412
1537
2216
Rowe, R. H., vice president and secretary, United States Wholesale
Grocers' Association
Ryan, Ben H., president, Independent Bankers Association of
America
Schimel, Adolph, vice president and general counsel, Universal
Pictures Co., Inc. -
Schwartz, Louis B., professor, Law School, University of Pennsylvania,
Philadelphia, Pa...
Steele, Hoyt P., labor relations committee, and secondary boycott
committee of the Chamber of Commerce of the United States__
Timberg, Sigmund, Esq., Washington, D. C...
Voorhis, Jerry, Cooperative League of the United States..
Weir, Ernest T., chairman, National Steel Corp., Pittsburgh, Pa....
Werne, Benjamin, counsel, United Fresh Fruit & Vegetable Associa-
tion...
Wright, Loyd, president, American Bar Association.
Additional information-
Adelman, Morris A., comment on the Schwartz dissent__
A Profitable Headache, by Wanda Jablonski, Petroleum Week, May
13, 1955
Analysis of Big Business in the Competitive System, by Dr. Theodore
J. Kreps --
Analysis of the good-faith defense suggestions made by the Attorney
General's National Committee, entitled "Good Faith' Meeting of
Competition Defense".
Arnall, Ellis, general counsel, National Frozen Foods Distributors,
Inc., letter, June 10, 1955, to Hon. Emanuel Celler, with resolution.
Associated Retail Bakers of America, statement..
Babcock, Harry A., Director, Bureau of Investigation, Federal Trade
Commission:
Letter, August 18, 1954, to William D. Snow-
Letter, November 22, 1954, to William D. Snow_
Letter, March 22, 1955, to Prof. Louis B. Schwartz.
Letter, March 23, 1955, to Edgar Barton, Esq., White & Case..
Letter, March 23, 1955, to Lawrence Bennett, Esq., Milbank,
Tweed, Hope & Hadley-
Letter, March 23, 1955, to Prof Eugene V. Rostow-
Letter, April 4, 1955, to Hon. Thomas J. Lane-
Letter, May 10, 1955, to Hon. Emanuel Celler.
Letter, May 11, 1955, to Hon. Emanuel Celler.
Letter, June 9, 1955, to Hon. Emanuel Celler...
Letter, June 13, 1955, to Hon. Emanuel Celler..
Letter, June 20, 1955, to Hon. Emanuel Celler..
Letter, July 5, 1955, to Hon. Emanuel Celler, enclosing list of
members of Attorney General's Committee who argued anti-
trust cases for the Government, who represented plaintiffs in
treble damage cases, and firms who presented defendants in
antitrust cases brought by Justice_-
Testimony re Kansas City Star before House Appropriations Sub-
committee, February 23, 1955...
Letter, January 1, 1954, to the President..
Letter, September 15, 1954, to the President
Letter, September 20, 1954, to the President_
Telegram, March 26, 1955, to Prof. Eugene V. Rostow
Letter, May 24, 1955, to Hon. Emanuel Celler..
Letter, August 25, 1953, to Hon. Wright Patman_
Brownell Report versus the Robinson-Patman Act..
Burger, George J., vice president, National Federation of Independent
Business, letter, May 25, 1955, to Hon. Emanuel Celler..
Cahill, John T., of Cahill, Gordon, Reindel & Ohl, letter, May 16, 1955,
to Hon. Emanuel Celler-
Big Buildup Tied to Steel Merger, New York Times, May 25, 1955-
Big Enterprise in the Competitive System, script of educational film
based on research of the Brookings Institution by A. D. H. Kaplan.... 1691
Blalock, E. J., Blalock-Knighton Fruit Co., Shreveport, La., letter,
121
May 3, 1955, to Hon. Wright Patman_.
Brownell, Hon. Herbert, Attorney General:
Calamia, Eric, managing director, Retail Tobacco Dealers of America,
Inc., New York, N. Y., letter, April 6, 1955, to Hon. Wright Patman_
Capehart, Hon. Homer E., a United States Senator from the State of
Indiana, statement..
Celler, Hon. Emanuel, Chairman, House Committee on the Judiciary:
H. R. 2115, 84th Congress, 1st session, a bill to amend the
Federal Deposit Insurance Act to provide safeguards against
mergers and consolidations of banks which may adversely
affect competition or unduly tend to create a monopoly in the
field of banking-.
H. R. 5948, 84th Congress, 1st session, a bill to amend the
Clayton Áct by prohibiting the acquisition of assets of other
banks by banks, banking associations, or trust companies when
the effect may be substantially to lessen competition, or to
tend to create a monopoly-
Letter, March 16, 1955, to Hon. Ray M. Gidney-
Letter, May 5, 1955, to Hon. F. B. Lee..
Letter, May 5, 1955, to Hon. Edmund F. Mansure
Letter, May 12, 1955, to Hon. Herbert Brownell, Jr.
Letter, May 16, 1955, to New York Times...
Letter, May 25, 1955, to Hon. John Foster Dulles..
Letter, May 27, 1955, to Price Waterhouse & Co...
Letter, May 31, 1955, to Hon. Herbert Brownell, Jr.
Letter, June 14, 1955, to Hon. Stanley N. Barnes.
Letter, June 24, 1955, to listed oil companies..
Letter, June 28, 1955, to Hon. John Foster Dulles
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