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I was hopeful. So when I had to tell him that I had lost my hope, It was a great temptation to tell him the circumstances under which I had lost my hope in this last venture. But I decided I mustn't do that. First, I had found a fellow creature in what I regarded as a humiliating and disgusting position. It was not up to me to reveal that. His own conscience and God Almighty would take care of that in time. When I got over being mad, I realized that anger is one of the seven deadly sins and you should beware of it. What you do in anger you never justify to yourself. So I didn't tell it to Frank Murphy. I just said Sloan had changed his mind.

He said, “What kind of a man is he to change his mind? What is he afraid of? He's afraid of his shadow.” Frank Murphy thought he was afraid of lawyers, that he didn't have any capacity to think personally.

I think all of that is true. I think that what was the matter in those days with Alfred Sloan's mind was that he had never used his mind for the purposes of thinking out a moral problem, a philosophical problem, any problem whatever, except a problem having to do with the making of money and the selling of goods. He had invented a number of techniques of selling, such as automobiles on credit, selling them through the