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Brass industrialist tells Monopoly Committee they 'follow the leader and pray for profit.' Washington, D.C., May 9. H.L.Randall, President of the Riverside Metal Co., left, and John Coe, Jr., Vice President of the American Brass Co., on the right, witnesses before the Monopoly Committee's hearings on the beryllium industry today. Senator Joseph O'Mahoney, Co-chairman of the Committee, asking about the relation of price and production costs, received from Randell in reply, 'We follow the price set by the leader and pray that we will make a profit.' Coe denied that his firm set prices for others to follow. O'Mahoney mentioned that certain beryllium allow products had increased in price when raw materials were cheap, and Coe countered that his firm had lost from $10,000 to $20,000 annually over a period of years while they were developing beryllium processes

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Brass industrialist tells Monopoly Committee they 'follow the leader and pray for profit.' Washington, D.C., May 9. H.L.Randall, President of the Riverside Metal Co., left, and John Coe, Jr., Vice President of the American Brass Co., on the right, witnesses before the Monopoly Committee's hearings on the beryllium industry today. Senator Joseph O'Mahoney, Co-chairman of the Committee, asking about the relation of price and production costs, received from Randell in reply, 'We follow the price set by the leader and pray that we will make a profit.' Coe denied that his firm set prices for others to follow. O'Mahoney mentioned that certain beryllium allow products had increased in price when raw materials were cheap, and Coe countered that his firm had lost from $10,000 to $20,000 annually over a period of years while they were developing beryllium processes

description

Summary

A black and white photo of two men sitting at a table.

Public domain portrait photograph, free to use, no copyright restrictions image - Picryl description

date_range

Date

1900 - 1940
person

Contributors

Harris & Ewing, photographer
place

Location

Washington, District of Columbia, United States38.90719, -77.03687
Google Map of 38.9071923, -77.03687070000001
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Source

Library of Congress
copyright

Copyright info

No known restrictions on publication.

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