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Word: macauley (lookup in dictionary) (lookup stats)
Dates: during 1920-1929
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Chief witness at the meeting was Packard's Alvan Macauley. Cool, self-possessed, quiet, sure of his facts & figures, he read from a typewritten manuscript. To what he said few exceptions were taken. First he talked of U. S. Motors, the whole huge industry. More than 4,000,000 U. S. inhabitants derive an automotive livelihood. The industry consumes 18% of U. S. steel production, 85% of rubber, 74% of plate glass, 60% of leather upholstery, 18% of hardwood lumber, 27% of aluminum, 14% of copper. Last year it was third largest user of railroad equipment, shipped nearly one million...

Author: /time Magazine | Title: Business & Finance: U.S. Motors Abroad | 7/22/1929 | See Source »

Coming to the tariff question, Mr. Macauley said that a year or two ago U. S. Motors would have unanimously approved putting automobiles on the free list. But now, said he, foreign makers have adopted U. S. production methods, employ U. S. engineers. Furthermore: "We have an increasing number of foreign plants, owned or controlled jointly by American manufacturers and foreign interests, the ultimate effects of which no one can forecast." Mr. Macauley felt, therefore, that a partial reduction of from 25% to 10% should be tried before any free list measure was considered. But buses, heavy duty trucks, electric...

Author: /time Magazine | Title: Business & Finance: U.S. Motors Abroad | 7/22/1929 | See Source »

Following Packard's Macauley came General Motors Sloan. Mr. Sloan appeared nervous, spoke quickly, tensely, used no notes. He endorsed the 10% position. He added that General Motors had no intention of shipping into the U. S. cars from its foreign plants, that these plants were made to supply cars to the countries in which they were located. He saw no danger of a foreign car invasion. Next came R. I. Roberge, Ford export manager. A peculiar aspect of the Roberge testimony was his insistence that he spoke for Son Edsel Ford, did not know what Father Henry Ford thought...

Author: /time Magazine | Title: Business & Finance: U.S. Motors Abroad | 7/22/1929 | See Source »

Back of the automotive industry's willingness to reduce tariff walls was generally detected a hope that such reduction would stimulate foreign trade. Mr. Macauley, however, when asked about the moral effect of such

Author: /time Magazine | Title: Business & Finance: U.S. Motors Abroad | 7/22/1929 | See Source »

...many motor cars in the U. S. as there were in 1919. It is not likely that Europe will multiply its motor registration by four in the next ten years. Nevertheless, U. S. motormen feel the "outside" world is the next great world to conquer. Just as Mr. Macauley considers that he has well established the Packard in the U. S., he?and General Motors, Ford, Chrysler et al.?can do it all over again abroad...

Author: /time Magazine | Title: Business & Finance: U.S. Motors Abroad | 7/22/1929 | See Source »

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