Sharp Restriction on
Giant Corporations
Urged in Testimony
Washington !U.PJ A for
mer big business executive toid
Congress today it should sharp
ly restrict, and even break up,
General Motors and other giant
corporations.
Theodore K. Quinn of New
York, a former vice-president of
General Electric Corp., said
the government should stunt the
growth of corporate giants. He
made the statement in testi
mony prepared for the opening
session of Senate Monopoly sub
committee hearings on General
Motors. The hearings will last
four weeks.
Quinn proposed setting a limit
of perhaps $100,000,000 on the
net worth of a corporation. Firms
larger than that would incur in
creased income tax rates and
would not be allowed to absorb
other companies. Their officers
and directors could not serve
other companies. The giant firms
would be required to publish a
profit and loss statements and
balance sheets for each depart
ment yearly.
Could Avoid Penalties
He said a firm could remove
itself from this class and the at
tendant special penalties by
breaking up into smaller com
panies. General Motors is the nation's
largest manufacturer, with an
nual net sales of $10,000,000,000,
annual net profits of $1,000,000,
000, and a total worth of $5,
000,000,000, the subcommittee
said.
Quinn charged that mere size
in a corporation is bad "in a
world of mice, cats are evil . . .
any active giant is evil per se
in a land where it Is sought to
preserve life, liberty and oppor
tunity for the ordinary individ
ual." Quinn, now president of two
small firms, is the author of two
books attacking big corporations.
He said, "the decisions of com
pany managements like General
Motors and U. S. Steel can de
termine the whole course of a
country's development ... re
gardless of our people or their
representatives."
Could Silenca Protests
Quinn charged that "by ad
roit use of its purchasing power"
GM could silence anyone who
protests against it. He said GM
acquired 76 per cent of the na
tion's locomotive business
"What railroad president would
dare say no to the largest ship
per over his lines?"
Quinn also charged that news
paper and magazine editors do
not protest "the evils of giant
ism" because "they must be con
stantly careful to see that noth
ing in their papers offends any
giant advertiser."
Quinn's proposal for a high
er tax rate for big corporations
would require a change in pres
ent tax laws. Corporations now
are taxed at the rate of 52 per
cent of their annual profits over
$25,000.
An important advantage of the
loose housing system for dairy
cows is the lower risk of injury
to legs and udders.
j-
ANNOUNCE STOCK SALE Third generation heads of
the Ford Motor Co., shown in company offices at Dearborn,
Mich., have announced plans to offer sale of stock to the
public. Executives are Henry Ford n (standing), company
president, and brothers, Benson (left) and William Clay.
In background are portraits of the late Henry Ford
(right) and son EdseL - - - -
MagsaysayOpponents
Manila (U.R) Opposition
Senate candidates took an early
lead in the violent Philippine
election today against the hand
picked nominees of pro-American
President Ramon Magsay
say. First returns from 12 provin
cial capitals and chartered cities
showed five Liberal Party can
didates leading against Magsay
say's Nacionalista Party candi-
ig Pre-Season Sav
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MEDFORD, OREGON
Leading in Election
dates in nine contests. Thirty
persons were killed and 102
injured in the campaign pre
ceding the election.
However, no trend is indi
cated, since it will take hours
before returns start trickling in
from Magsaysay's rural strongholds.
Knowland Warns on
Russia as Sanctuary
Miami, Fla., (U.R) Senate
Republican Leader William F.
Knowland warned today against
making Russia a "privileged
sanctuary" if the Chinese Com
munists go to war with Soviet
arms.
Knowland urged caution con
cerning a proposed European
security pact with Russia which
would allow it to send, arms and
"volunteers" to other Commu
nist aggressors as it did in the
Korean War.
The GOP leader, in a speech
prepared for the United States
Savings and Loan League, also
said the United States should
refuse to sign any pact with the
Soviet Union until Russian
forces are withdrawn from Eu
ropean satellites and the captive
peoples allowed to hold free
elections.
Klamath Lumberman
Dies in Plane Crash
Klamath Falls '(U.R) A
Klamath Falls lumber buyer was
killed shortly before noon yes
terday when his light plane
struck a radio tower and crashed
at Canby, Calif.
Killed was C. A. (Collie) Reed,
formerly of Roseburg, Ore. The
plane's wing struck a radio
tower and was sheared off as he
took off at the Canby field. The
light craft crashed into a tele
phone pole.
Reed had flown to Canby, 80
miles south of here, on business
earlier in the day.
Tuesday, November 8, 1953
MEDFORD (OREGON) MAIL TRIBUNE ELEVEN
Plane Crew Arrested
Pending Crash Probe
Mexico City "(U.R) The in
jured pilot and co-pilot of a
plane that crashed Saturday,
killing Comunications. Minister
Carlos Lazo.and six others, were
under arrest today pending an
investigation.
Officials at Central airport
here said they believed the
crash was caused by improper
maintenance of the plane engines.
Premature Snow
Reaches Into Texas
By UNITED PRESS
A premature winter snow
storm cut deep into the heart
of Texas today while record
breaking Indian summer reigned
in California.
From two to four inches of
snow fell on the Amarillo area
in Texas' Panhandle and Lub
bock reported one to two inches.
The snow continued through the
night, moving eastward, and
falling temperatures were ex
pected to follow.
Meanwhile, the 82 at San
Francisco yesterday set a warm
weather record for Nov. 7. Los
Angeles was even warmer, with
87 degrees.
Cold weather covered most
of the country, however, spread
ing from the Rockies to the
Atlantic states. The temperature
dropped to 10 below zero at
Fraser, Colo., and was in the
20s and 30s from the Midwest
to New York.
Portland Chalks Up
35th Traffic Death
Portland (U.R) Portland j
had its fifth traffic fatality in i
nine days yesterday when Ed-;
ward L. Krebs, 73, was struck
and killed as he walked into
the path of a car.
Police said Krebs had just
stepped off a bus when he was
struck by a car driven by 19-year-old
James Wayne Miller. It
was Portland's 35th traffic death
of 1955.
Earlier Monday, Rupert Ar
land Miller, 27, Veronia, was
killed in a Sunset highway
crash in Clatsop county. Miller
was a passenger in a car that
skidded off the highway, threw
him out and then rolled over
him. Driver was Susie A. Atkins,
28, of Mist, Ore.
Murder Conviction
Brings 120-Year Term
San Juan, Puerto Rico tU.R)
Lucas Castro Anguita, 79-year-old
wealthy merchant, was sen
tenced Monday to up to 120
years in prison on a murder and
assault conviction.
In his second trial Castro was
found guilty on eight counts of
second degree murder and two
counts of assault with intent to
murder. Originally he was sen
tenced to life imprisonment aft
er being convicted of criminally
setting fire to a textile ware
house in which eight persons
were burned to death on Dec.
15, 1940.
Wrestling
E
NOVEMBER 9 .
Grants Pass
Arena
GRANTS PASS, OREG.
Starting Time 8:30 p.m.
MAIN EVENT For the North
west Heavyweight Title Belt
which was held up last week
by the Grants Pass Boxing
Comm.
John Paul Henning, 215
Florida
vs. .
Bull Savage, 218
Chicago
Best 23 falls no - time limit!
SEMI FINAL Best 23 falls or
1 hour limit.'
Luigi Macera, 205
Montreal
Vs.
Thor Hagen, 204
Minnesota
Matches under the supervis
ion of the Grants Pass Boxing
Commission.
For Action,
Use Tribune Want Ads
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