tral reservation agency was established in
New York in April 1955. The most advanced reservation system of its kind,
Hilcron, as it is called, accepts and immediately confirms reservations for any
Hilton hotel in the world, whether made
by telephone or telegraph. Up to the
minute record of room facilities at all
Hilton hotels is provided by a huge accommodation board. This board, constructed from designs drawn by members
of the Hilton organization has evoked
great interest in the hotel industry.
In its first eight months of operation,
Hilcron accepted 135,000 calls and completed 72,808 reservations.
On December 22, 1955, Frank C. Wangeman was elected a vice president of the
Corporation. Mr. Wangeman continues
as the general manager of the Hotel New
Yorker and as a director of Hilton Hotels
It was with a deep sense of loss that
your Corporation reported the deaths
during 1955 of Charles Deere Wiman and
John L. Hennessey. Mr. Wiman, a director, had been president of Deere & Company. Mr. Hennessey, a vice president of
Hilton Hotels Corporation, was at one
time chairman of the board of Hotels
Statler Company, Inc. Their loss is deeply
felt by those at Hilton Hotels Corporation
who had the privilege of working with
them and who knew them as true friends.
Excellent labor relations were maintained
throughout the year with the approximately 25,000 men and women of the
Hilton organization. On October 1, a
new group insurance policy was worked
out with improved hospitalization and
medical benefits as well as liberalized life
In 1955, your Corporation and its subsidiaries contributed $917,150 to the Hilton pension plan for retired employees.
This plan was inaugurated in 1951 in
recognition of the loyalty and cooperation
of Hilton men and women and is designed
to assure a degree of financial independence for them upon their retirement.
Consolidation of Hilton and Statler credit
cards was completed during the year.
A total of 793,000 new Hilton-Statler
cards were issued in December to replace
existing Hilton and Statler cards.
Your Corporation's credit card is now
one of the world's most widely held cards.
Last year an arrangement was made with
Avis Rent-A-Car System under which
Hilton guests may charge car rentals at
any Avis agency through use of their
Hilton credit card. This convenience is in
addition, of course, to existing privileges
of room, food, and beverage charges extended to card holders at all Hilton and
Many of our shareholders are already
aware of the convenience of a Hilton
credit card in their travels to the major
cities served by hotels of their Corporation. Should any stockholder not holding
a credit card wish to apply for one, he
may do so by writing to the Credit Card
Division, Hilton Hotels Corporation, 9958
Santa Monica Boulevard, Beverly Hills,
The anti-trust suit against the Corporation and Statler Hotels Delaware Corporation was disposed of on February 6,
1956, by the entry of a consent decree.
In April, 1955, the Anti-Trust Division
of the Department of Justice filed a civil
action, alleging in substance that the
effect of the acquisition of the Statler
assets "may be substantially to lessen
competition or to tend to create a monopoly in violation of Section 7 of the Clayton Act," particularly in the servicing of