Keyword
in
Collection
Date
to
Facts Forum News, Vol. 4, No. 10, November 1955
File 036
Citation
MLA
APA
Chicago/Turabian
Facts Forum. Facts Forum News, Vol. 4, No. 10, November 1955 - File 036. 1955-11. University of Houston Libraries. University of Houston Digital Library. Web. October 29, 2020. https://digital.lib.uh.edu/collection/1352973/item/629/show/595.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Facts Forum. (1955-11). Facts Forum News, Vol. 4, No. 10, November 1955 - File 036. Facts Forum News, 1955-1956. University of Houston Libraries. Retrieved from https://digital.lib.uh.edu/collection/1352973/item/629/show/595

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Facts Forum, Facts Forum News, Vol. 4, No. 10, November 1955 - File 036, 1955-11, Facts Forum News, 1955-1956, University of Houston Libraries, accessed October 29, 2020, https://digital.lib.uh.edu/collection/1352973/item/629/show/595.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

URL
Embed Image
Compound Item Description
Title Facts Forum News, Vol. 4, No. 10, November 1955
Alternate Title Facts Forum News, Vol. IV, No. 10, November 1955
Series Title Facts Forum News
Creator
  • Facts Forum
Publisher Facts Forum
Date November 1955
Language eng
Subject
  • Anti-communist movements
  • Conservatism
  • Politics and government
  • Hunt, H. L.
Place
  • Dallas, Texas
Genre
  • journals (periodicals)
Type
  • Text
Identifier AP2.F146 v. 4 1955; OCLC: 1352973
Collection
  • University of Houston Libraries
  • Facts Forum News
Rights No Copyright - United States
Item Description
Title File 036
Transcript Do Business Mergers Endanger Business Economy? The answer, emphatically, is NO! toy* Colonel Alvin Mansfield Owsley, attorney, diplomat, soldier and business executive. America possesses lhe largest corporations in the world, and by reason ol their bigness, efficiency, modern methods nl organization, production, and distribution heiM- brought Americans the necessities of life al a price the masses can buy. We enjoy a greater measure of plenty, abundance, not "iilv of the necessities but luxuries, than eill lhe' other peoples nl the wurlil combined. Vmericans have accepted bigness as their ielcei of the besl means of serving the nation. \\ lial- ever is best for the masses of working people, is besl in, Vmerica. There eire those in puhlie life who make a pretense of being afraid of big business. \ "Senate Smeill Business Com- mitiee. ' lee,,k- after tlie interests of the -inei 11 businesses of the country. Now this i- a good thing. In the allocation of government contracts there should be no discrimination against a company eir an in- divillueil lice5111-1' eel -i/a'. I.ell'gi' nr small mil Vmerican -\sie'in of private enter- prise has brought the greatest measure of prosperity and blessing to one hundred and sixty-five millions of people, the world ever looked upon. A merger is no reason for alarm. Now numerous government agencies for our protection eigainst monopolies have been established by leiw. such as the Federal Trade Commission, and through the l)e- paitini'iit of Justice prosecutions take place under the Sherman Anti-Trust law. Here is the guardian of the country againsl monopoly and combinations in restraint of trade. The hand of the law is laiel heaviU upon the transgressor, the big fellow, who undertakes to push out of business a -uieill businessman, or Inmost likely competition. When is a merger permissible? Now the law says the firsl of the many questions that musl be asked is. "\\ heel would be the reasonable, probable effeel of the proposed merger.'" We don'l have In find whether the merger will create a monopoly, hut whether there i- a tend- enc) I" create ;i monopoly; nol only must you find thai there is a lessening bul you have to go into the quantitative analysis as to whether it is a substantial lessening of competition. These are the main reasons for a merger: i I i Add to total capacity, i 2 i Add to capacity of a specific area, lot Product diversification. (4) lieiin the source of supply. (5) Move into the con- sumer market. There are and always will be calamity howlers, men who are trying to find something wrong with the economy, with the laws, with our institutions or with the Constitution. These have served our country, have brought us to the summit of success, prosperity and economic freedom far above then ol am other people, under any other government on the face of the globe. Is the economy of the country sound? Let us see. One of the latest indicators of business activities reads like this: "The retail trade has reached a record high ei- rising employment and increased wage rates bring aii expansion of payrolls. I i\ili;iii jobs reached 65 million in July—three million above July. 1954. llninK wages anel manufacturing are all eil a record high. The I nited States em- plo; nt for women and girls tups 21) million at ihis lime." Little business has more money, has mure business than ever before. \\ hett is the- advantage or the disadvantage of big business over a smeill business or small business over ee big business? This question is answered in ei recciil issue of The Nations Business l<\ ;i small manufacturer of air-conditioning, lie- said. "The big advantage, the big strength, of a small manufacturer i- his maneuverability. He doesn't have the mone; or the factory space or the equipment of the 'big box's." so he makes ein with when he does have. This brings oul ingenuity. Our plant can engineer a product in six months that would leikc a Kig manufacturer a \ceir and a half. From a eom- petitive standpoint ei big corporation does not hold a candle to the little outfit with the know-how." Now there is a satisfied "Small Businessman. Our economy is sound. Wilh fceir behind and hope ahead we may look forward to our greatest era of prosperity and peace. It is a dangerous movement! soys U. S. Senator John J. Sparkman, (D) of Alabama. As chairman of the Senate's Small Business Committee, I have had an unusually g I opportunity to know of the special importance of free competition to the welfare of small business. I'm keenly aware ol em\ threat raised againsl small business, thus my deep concern over the increasing number of mergers now plaguing the nation's industrial and commercial life. Vccording to ei reporl recently published b) the Federal Trade Commission, the number of business mergers is near Pace 3t an all-time high. The number of significant merger- has increased tremendously during the lasl two and ei half years, and in 1954 was three times as greal as in 1919. Thai ihi- spiraling movement is continuing unchecked during 1955 i- revealed in the fad thai for iln- firsl six months of this yeeir. some 212 signili- iami mergers were recorded by the Federal Trade Commission. By the term "significant mergers" I mean those consolidations which ni.13 have anti-trust implications. The great increase in bank mergers is equall) a- disturbing. Vn g banking institutions the number of mergers has increased from a figure of 91 fm- ihe thirty-month period from January 1, 1950 to June 30, L952, lo a total of 183, mini' than double for ei like' period between July I. 1952 and December 31, 1954. During the firsl si\ months of 1955, lhe pace wa- stepped up wilh 60 banking mergers taking place. These figures show lhe -teirtliug pro- portions ni iln- presenl merger move- F\( TS FORI \l NEWS, Sovember, 1955
File Name uhlib_1352973_v004_n010_036.jpg