Study of Monopoly Power

Prepared statement of Department of Justice concerning the Reed-
Bulwinkle Act before the Subcommittee on Study of Monopoly
Power, and appendixes thereto..

1077

Directors of the Midland Mutual Life Insurance Co...

1097

NOVEMBER 29, 1949

Testimony of-

William Montgomery, president, Acacia Mutual Life Insurance Co.,

Washington, D. C..

1099

C. G. Coley, vice president, Durham Life Insurance Co., Raleigh,

N. C...

1126

James A. Fulton, president, Home Life Insurance Co. of New York..

Additional and supporting documents introduced:

Excerpt from annual report of Acacia Mutual Life Insurance Co....

Excerpt from annual report of Acacia Mutual Life Insurance Co...

Directors of Acacia Mutual Life Insurance Co., and their affiliations__

Directors of Durham Life Insurance Co., acting as directors or officers

of other corporations___

1137

Directors of Home Life Insurance Co. of New York and their affilia-

Charles E. Wilson, president, General Electric Co., accompanied by

C. G. Suits, vice president and director of research laboratory,

General Electric Co...

1158

Carrol M. Shanks, president of the Prudential Insurance Co. of
America..

1252

Additional and supporting documents introduced:

Excerpts from Quinn, Liberty, Employment, and No More Wars----

Capitalization of General Electric Co. and affiliates (consolidated),

December 31, 1928, and December 31, 1948-

1169

1172

Total assets of General Electric Co. and affiliates (consolidated),

December 31, 1928, and December 31, 1948.

1172

Net sales billed for General Electric Co. and affiliates (consolidated),

1928 and 1948..

1172

Average number of employees of General Electric Co. and affiliates

(consolidated), 1928 and 1948...

1173

Directors of General Electric Co. and their affiliations..

Number and location of General Electric plants--.

1174

1178

Products manufactured and sold by the General Electric Co. and its

affiliates..

1181

List of Antitrust Division cases in which General Electric has been a

defendant.___.

1185

List of Federal Trade Commission cases in which General Electric has

been a respondent...

1186

Excerpts from Judge Forman's opinion in United States v. General

Electric.

1192

Policy statement, General Electric Corp., on antitrust laws.--.

1196

NOVEMBER 30, 1949-Continued

Additional and supporting documents introduced-Continued

Methods of consolidation in the electrical industry.

Letter from Solar Electric Corp., November 4, 1949, to Chairman

Statute proposed by Patent Section to amend Sherman Antitrust Act__

General Electric Co., patent licensing policy.

1216

1225

Charts of Dr. Suits...

1226

Prepared statement of Charles E. Wilson, president, General Electric

Co..

1240

Excerpts from Judge Forman's opinion in United States v. General

Electric Co.-

1246

U. S. v. Electrical Apparatus Export Association et al.

Reply of Mr. T. K. Quinn to Mr. Wilson's testimony-

Prudential Insurance Co., lapses during the year stated as percentages

of premium-paying policies in force at the beginning of the year----

The Prudential Insurance Co. of America, ratio by territorial areas, in-

vested assets to policy reserves..

The Prudential Insurance Co. of America, list of directors and their

affiliations___

1265

Percentage of national income going into life insurance premiums,

1909-48-

1270

Prepared statement of Carrol M. Shanks, president, the Prudential

Insurance Co. of America__.

1281

Prepared statement of John S. Thompson, president, the Mutual

Benefit Life Insurance Co..

1286

Prepared statement of L. Douglas Meredith, executive vice presi-

dent, National Life Insurance Co., Montpelier, Vt.

Table, assets and life insurance in force_

Graph, assets and life insurance in force. __

1289

1291

1292

Table, life insurance premiums and national income in the United

States...

1293

Graph, life insurance premiums and national income in the United

States...

1294

Table, reserves and amounts of insurance in force, National Life

Insurance Co. policies issued prior to 1901-.-.

1295

Graph, reserves and amounts of insurance in force on National

Life Insurance Co. policies issued prior to 1901.

Table, history of policies issued from 1845 to 1865.

1296

1297

Table, reserves and total liabilities and surplus, National Life

Insurance Co., 1929-48.

1297

Graph, reserves and total liabilities and surplus, National Life

Insurance Co., 1929-48-

1298

Table, net annual premiums and terminal reserves for $1,000

ordinary life, issue age 35...

1299

National Life Insurance Co., schedule of investments.

1300

Table, comparative costs of public offerings and direct financing-

Table, National Life Insurance Co., direct financing, 1938-48-.

Table, corporate financing, life companies participation...

Table, life insurance earning rate.

Table, interest rates and dividends.

1304

Graph, life insurance earning rate_

1305

Appendix, amendments of indenture, 31⁄2 percent first mortgage

bonds.

1306

Prepared statement of Frederick D. Russell, president, Security

Mutual Life Insurance Co., Binghamton, N. Y

1307

DECEMBER 1, 1949

Testimony of—

Howard J. Trienes, member of the staff of Northwestern University,

Evanston, Ill....

Walter Adams, assistant professor of economics, Michigan State

College

1311

1339

Thomas I. Parkinson, president, the Equitable Life Assurance Society

of the United States..

1354

DECEMBER 1, 1949-Continued

Testimony of-Continued

Milton R. Frank, Fedders-Quigan Corp-

Brig. Gen. E. M. Brannon, Assistant Judge Advocate General

Francis Kerr, Head, Refrigeration Unit, Military Planning Division,

Office of the Quartermaster General

Lt. Col. Gordon W. Cook, Office of Quartermaster General_

Additional and supporting documents introduced:

Antimonopoly Act of 1950.

SEC Report on Public Utility Holding Company Act, excerpt_
Directors and their affiliations, Equitable Life Assurance Society of
the United States___

Assets, Equitable Life Assurance Society of the United States, 1948__
Schedule of loans and investments consisting of purchases of more
than 5 percent of individual issues, Equitable Life Assurance
Society of the United States__

Letter, Sanford L. Schamus, December 1, 1949, to Chairman Celler_
Letter, Charles E. Wilson, January 16, 1950, to Chairman Celler..
H. R. 2182, Eightieth Congress, first_session__

Letter from Comptroller General to Fedders-Quigan Corp.

I. Additional testimony and statements:

1312

1349

1357

1364

1366

1385