N AFFECTING CORPORATE MERGERS HEARINGS BEFORE THE SUBCOMMITTEE ON ANTITRUST AND MONOPOLY OF THE COMMITTEE ON THE JUDICIARY EIGHTY-FOURTH CONGRESS SECOND SESSION PURSUANT TO S. Res. 170 ON S. 3341 A BILL TO AMEND THE CLAYTON ACT TO PROHIBIT S. 3424 A BILL TO AMEND THE CLAYTON ACT, AS AMENDED, BY H. R. 9424 AN ACT TO AMEND THE CLAYTON ACT, AS AMENDED, BY MAY 23, 24, 25, 28, 31, AND JUNE 2, 1956 Printed for the use of the Committee on the Judiciary HEARINGS BEFORE THE SUBCOMMITTEE ON ANTITRUST AND MONOPOLY OF THE COMMITTEE ON THE JUDICIARY EIGHTY-FOURTH CONGRESS SECOND SESSION PURSUANT TO S. Res. 170 ON S. 3341 A BILL TO AMEND THE CLAYTON ACT TO PROHIBIT EFFECTIVE ENFORCEMENT THEREOF, AND FOR OTHER PURPOSES S. 3424 A BILL TO AMEND THE CLAYTON ACT, AS AMENDED, BY H. R. 9424 AN ACT TO AMEND THE CLAYTON ACT, AS AMENDED, BY 79425 MAY 23, 24, 25, 28, 31, AND JUNE 2, 1956 Printed for the use of the Committee on the Judiciary COMMITTEE ON THE JUDICIARY JAMES O. EASTLAND, Mississippi, Chairman ESTES KEFAUVER, Tennessee ALEXANDER WILEY, Wisconsin JOHN MARSHALL BUTLER, Maryland SUBCOMMITTEE ON ANTITRUST AND MONOPOLY ESTES KEFAUVER, Tennessee WILLIAM LANGER, North Dakota II CONTENTS Bison, Henry J., Jr., associate counsel, National Association of Retail 316 303 296 Boyd, George, Jr., American Paper & Pulp Association. Brown, Russell B., general counsel, Independent Petroleum Associa- Castle, Benjamin F., executive vice president, Milk Industry Founda- Celler, Hon. Emanuel, a Representative in Congress from the 11th Congressional District of the State of New York; accompanied by Herbert N. Maletz, chief counsel, and Kenneth R. Harkins, co- counsel, House of Representatives Subcommittee on Antitrust of the Committee on the Judiciary. Cook, H. E., Chairman, Board of Directors, Federal Deposit Insurance Corporation; accompanied by Royal L. Coburn, General Counsel, and Neal G. Greensides, Administrative Assistant to Mr. Cook....... Crow, Harvey M., associate general counsel, National Association of Durand, J. D., secretary and assistant general counsel, Air Transport Evans, T. M., president, H. K. Porter Co Gidney, Ray M., Comptroller of the Currency; accompanied by Lewellyn A. Jennings, Deputy Comptroller, T. V. Roberts, Chief Counsel, and Roy Englert, Assistant Counsel Gilpatric, Roswell L., of Cravath, Swaine & Moore, New York, N. Y. Griswold, Merrill, American Research & Development Corp.; accom- panied by John Barnard, Jr., counsel Gwynne, John W., Chairman, Federal Trade Commission; accom- panied by Commissioner Sigurd Anderson; Earl W. Kintner, General Counsel; Harry A. Babcock, Director of Bureau of Investi- gation; John Wheelock, assistant to Director of Bureau of Inves- tigation; John Walker, assistant to Director of Bureau of Litigation; Frank Hale, Legal Adviser, Bureau of Investigation; John T. Loughlin, assistant to General Counsel, and Julian S. Egre, attor- ney, Office of General Counsel.. Hall, Robert E. Lee, general counsel, National Coal Association.. Hess, H. Ober, attorney, Philadelphia, Pa- Hoge, James F., Commerce and Industry Association of New York.. Howell, Charles, National Association of Supervisors of State Banks- Hyder, Elton, Jr., Texas Independent Producers & Royalty Owners Keating, Hon. Kenneth B., a Representative in Congress from the 38th Congressional District of the State of New York. Martin, William McChesney, Chairman of the Board of Governors, Federal Reserve System; accompanied by George B. Vest, General Counsel, and Howard H. Hackley, Assistant General Counsel Miller, Lee P., American Bankers Association; accompanied by J. O. Brott, general counsel, and James J. Saxon, assistant general Ray, Philip A., General Counsel, Department of Commerce; accom- |