Disposal of Institute, W. Va. Rubber Plant: Hearings Before the Committee on Banking and Currency, United States Senate, Eighty-fourth Congress, Second Session, on S. Res. 197, to Oppose Sale of Government-owned Synthetic Rubber Plant at Institute, W. Va. February 1 and 2, 1956Considers legislation to prevent sale of Federal rubber manufacturing plant at Institute, W.Va., to Goodrich-Gulf Chemicals, Inc. |
From inside the book
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Page 3
... full and fair value . If anyone has even ventured to suggest that $ 11 million is not full and fair value for this plant , that fact has entirely escaped my notice . The highest bid received , except the one for $ 11 million for which ...
... full and fair value . If anyone has even ventured to suggest that $ 11 million is not full and fair value for this plant , that fact has entirely escaped my notice . The highest bid received , except the one for $ 11 million for which ...
Page 11
... price is concerned , it exceeds the full fair value designated . The taxpayer , in effect , will not be helping to support a facility on a standby basis . All of these things are significant . However , the principal reason I am here is ...
... price is concerned , it exceeds the full fair value designated . The taxpayer , in effect , will not be helping to support a facility on a standby basis . All of these things are significant . However , the principal reason I am here is ...
Page 14
... full fair value . The next highest proposal was $ 5.8 million and , although the Commission was induced with discretion to contract for sale of the facility at a price below the highest amount offered 14 DISPOSAL OF INSTITUTE , W. VA ...
... full fair value . The next highest proposal was $ 5.8 million and , although the Commission was induced with discretion to contract for sale of the facility at a price below the highest amount offered 14 DISPOSAL OF INSTITUTE , W. VA ...
Page 15
... price below the highest amount offered , the second highest price does not represent full fair value nor would sale at this price provide for the development of a competitive synthetic- rubber industry . Sale of the plant at the $ 5.8 ...
... price below the highest amount offered , the second highest price does not represent full fair value nor would sale at this price provide for the development of a competitive synthetic- rubber industry . Sale of the plant at the $ 5.8 ...
Page 21
... full fair value for the property ? Mr. PETTIBONE . Not only get full fair value , but state to the Congress why we did not take the highest bid . Senator CAPEHART . You had to get the full fair value ? Mr. PETTIBONE . That is right ...
... full fair value for the property ? Mr. PETTIBONE . Not only get full fair value , but state to the Congress why we did not take the highest bid . Senator CAPEHART . You had to get the full fair value ? Mr. PETTIBONE . That is right ...
Common terms and phrases
84th Congress amount B. F. Goodrich BARNES Baytown bidders BURT butadiene Butaprene capacity cents CHAIRMAN Clayton Act Commission's committee Commodities Corporation complaint CONGRESS THE LIBRARY contract of sale copolymer plant cost December 19 depreciation disposal program Facilities Disposal Act Facilities Disposal Commission Federal Trade Commission Firestone free competitive full fair value going Goodrich-Gulf Chemicals Goodyear Synthetic Rubber Government Government-owned GR-S Gulf GWYNNE Institute plant January June 30 long tons ment monopoly negotiations oil companies operation Pauley percent PETTIBONE Plancor 980 plant to Goodrich-Gulf Port Neches Prepaid Producing Facilities Disposal proposed sale prospective purchaser purchase price question Rubber Commission Rubber Company Rubber Producing Facilities sale to Goodrich-Gulf sell Senator BRICKER Senator CAPEHART Senator LEHMAN Senator MORSE small business enterprises sold standby statement styrene substantial synthetic rubber industry synthetic-rubber tank TBA products Texas tion United Carbon United Rubber vertical monopoly West Virginia
Popular passages
Page 215 - America shall be admitted to any share or part of this agreement or to any benefit that may arise therefrom, but this provision shall not be construed to extend to this agreement if made with a corporation for its general benefit.
Page 116 - ... all of the material allegations to be true. Such an answer shall constitute a waiver of hearings as to the facts alleged in the complaint, and together with the complaint will provide a record basis on which the...
Page 216 - Contractor; smoke; sprinkler leakage; earthquake or volcanic eruption; flood, meaning thereby rising of a body of water; hostile or warlike action. including action in hindering, combating, or defending against an actual, impending or expected attack...
Page 117 - Failure of the respondent to file answer within the time above provided and failure to appear at the time and place fixed for hearing shall be deemed to authorize the Commission, without further notice to respondent, to proceed in regular course on the charges set forth in the complaint.
Page 114 - COMPLAINT Pursuant to the provisions of the Federal Trade Commission Act, and by virtue of the authority vested in it by said Act, the Federal Trade Commission, having reason to believe that H & R Block, Inc., a corporation, hereinafter referred to as respondent...
Page 116 - Commission, on the charges set forth in this complaint, at which time and place you will have the right under said Act to appear and show cause why an order should not be entered requiring yov.
Page 216 - BY AN AGENT OF ANY SUCH GOVERNMENT, POWER, AUTHORITY OR FORCES, IT BEING UNDERSTOOD THAT ANY DISCHARGE, EXPLOSION OR USE OF ANY WEAPON OF WAR EMPLOYING...
Page 1 - A foolish consistency is the hobgoblin of little minds, adored by little statesmen and philosophers and divines. With consistency a great soul has simply nothing to do.
Page 176 - Numbered 980, shall not expire until the end of the sixty_-day period which begins on the date of the enactment of this section. "(b) If one or more proposals are received for the purchase of Plancor Numbered...
Page 216 - ... it being understood that any discharge, explosion or use of any weapon of war employing...