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a meeting. Collins said these lost their jobs, and so forth. Of course. 7(a) was against that.

When we got their program worked out. I took them over to see Hugh Johnson. Johnson had had in his mind the desirability of having a code in the automobile industry, but just hadn't got around to it. He probably had made some tentative movements in that direction, but had not been met with any great warm responses by the leaders o the automobile industry with regard to a code. They thought they wouldn't need one. They could fix things all right, paid over the minimum wage anyhow, and so forth. They were highly competitive and didn't want any marketing agreements, or at least many of them didn't. Each company was still hoping to beat out the other. It's a very competitive industry - at least it was then. The hard times and general depression, which had sent one or two of the big employers to the wall - I think Lincoln went to pieces at that time, as did Willys-Overland - just made things worse. It had been the typical old story of those companies who were more safely fixed financially swallowing up the others. They were only too glad to get the chance. They didn't want any marketing agreements wiping out competition which would make it impossible for them to swallow the declining operations. They, of course, were