Guide to Samuel Moment's Temporary National Economic Committee Papers, 1918-1940
JL019
Department of Special Collections and University Archives
Stanford University Libraries
557 Escondido Mall
Stanford, California, 94305-6064
Repository email: speccollref@stanford.edu
� 1999
Title: Samuel A. Moment, Temporary National Economic Committe Papers,
Identifier/Call Number: JL019
Contributing Institution:
Department of Special Collections and University Archives
Language of Material:
English
Physical Description:
1.5 Linear feet
Date (inclusive): 1918-1940
Abstract: This collection consists of the papers of Samuel A. Moment, which he used in his capacity of Economic Analyst for the Temporary
National Economic Committee (T.N.E.C.), specifically in the Committee's investigation into the domestic copper industry. The
T.N.E.C. was an inter-agency committee with representatives from both Houses of Congress and the Departments of: Justice,
Labor, Treasury and Commerce, Federal Trade Commission and the Securities Exchange Commission. It was created pusuant to Public
Resolution 113 (1938 June 16), a joint resolution of the 75th Congress, which in turn was a result of a Presidential Message
from Roosevelt concerning the necessity of "strengthening and enforcement of Antitrust Laws (1938 Apr 29). The duty of the
Committee, as described in Public Resolution 113, was to investigate monopolies and the concentration of economic power and
financial, which investigation would lead to recommendations to Congress of possible legislation to rectify the situation.
creator:
Moment, Samuel A., 1907-
Publication Rights
Property rights reside with the repository. Literary rights reside with the creators of the documents or their heirs. To obtain
permission to publish or reproduce, please contact the Public Services Librarian of the Dept. of Special Collections.
Access Restrictions
None.
Box 1, Folder 1
T.N.E.C. (Temporary National Economic Committee) Copper Hearing Background - John D. Ryan and Cornelius F. Kelley
Scope and Contents note
Short business and personal biographies of Ryan and Kelley, Anaconda Copper Magnates. Includes a chapter from "The Masquerade
of Monopoly" and a letter about Ryan.
Box 1, Folder 2
"Webb - Pomerance Act, Congressional and Federal Trade Comission Hearings - T.N.E.C. Background"
Scope and Contents note
Copy of the bill also known as The Export Trade Act, passed 1918. "Pupose: to promote export trade", resulted from inquiry
made by F.T.C. presented to Comm. of Judiciary, House of Representatives; F.T.C. and Congressional testimony and reports.
Box 1, Folder 3
"T.N.E.C. - Copper Hearings - Photostats of Background Material",
1919 - 1921
Scope and Contents note
Correspondence between Justice Dept. Officials, Directors and Representatives of the Copper Export Association, Inc., Foreign
Copper Buyer - predominantly in Berlin; some reports and official documents of C.E.A., Inc., newspaper clippings.
Box 1, Folder 4
"T.N.E.C. - Copper Hearings - Photostats of Background material",
1922 - 1930
Scope and Contents note
Continuation of Box 1 Folders 1 - 3 with the addition of sundry reports of more formal investigations and interviews conducted
by the Justice Dept.
Box 1, Folder 5
"T.N.E.C. - Copper Hearings - Photostats of Background material",
1931 - 1932
Scope and Contents note
Continuation of Box 1 Folders 1 - 3 and 1 - 4, mostly reports of investigation and inquiry regarding Coppper Institute, N.Y.C.
Box 1, Folder 6
"National Recovery Administration (N.R.A.) Code of Fair Competition",
1933
Scope and Contents note
Covernote explaining the neccessity for and nature of the Code; correspondence between: copper executives and H.O.King, Deputy
Administrator of N.R.A.; also letters to British Prime Minister, Acting Sec. of State (U.S.) and U.S. Consul in Switzerland,
news clippings.
Box 1, Folder 7
N.R.A. Code,
1934
Scope and Contents note
Continuation of Box 1 Folders 1-6 plus statement and testimony of A.E. Peterman before N.R.A. Hearing on Code
Box 1, Folder 8
N.R.A. Proposed Code of Fair Competition for the Copper Industry: "with respect to conditions in the industry and the provisions
of the Code reating to such conditions",
1934 Mar
Scope and Contents note
Arguement for Proposal including appendices with statistical exhibits, submitted by U.S. Copper Association of N.R.A. Public
Hearing
Box 1, Folder 9
N.R.A. Hearing - testimony with respect to the outside copper market through the Commodity Exchange and Dealers,
1934 Mar 13
Scope and Contents note
Statements and testimony from: 1. Donald Marks, of Commodity Exchange, 2. F.H. Brownell, Chairman of Amer. Smelting and Refining
Co., 3. A. Parsons Todd, Pres. of Quincy Mining Co., Inc., 4. A.W. Milhauser, Pres. of Milhauser Trading Co., 5. Ward Pain,
Copper Range Co., 6. Letter to F.D.R. from Milhauser.
Box 1, Folder 10
N.R.A. Code,
1934 Apr - 1935
Scope and Contents note
Continuation of Box 1 Folders 1-6 through Box 1 Folders 1-9, more correspondence, reports, general discussion regarding N.R.A.
Copper Code.
Box 1, Folder 11
Articles and Excerpts of Articles on Copper Prices,
1935 - 1940
Scope and Contents note
Articles and article excerpts from
Fortune,
Journal of Commerce,
Wall Street Journal,
The Economist,
N.Y. Times,
Time etc. Commision reports, tables and graphs.
Box 1, Folder 12
Copper - U.S. Excise Tax,
1939
Scope and Contents note
"Arguement Against Renewal of the 4% Tax on Copper" (Section 601(c)(7) of Title IV of the Revenue Act of 1932, expiring 1939)
submitted by General Cable Corp.; excerpts from Congressional Record of 1932 when the bill was passed, includes: speeches,
letters, statements, editorials, reports etc., made to or by Senators and Representatives for or against the Tariff; complete
statement of Senator Carl Hayden of Arizona to the Committee for Reciprocity Information re. Trade Agreement Negotiations
with the Gov't of Chile. Dated - 1939 Nov 8. Arguing for Tariff in defense of domestic (esp. Arizona's) industry income.
Box 2, Folder 1
"Copper - U.S. Excise Tax and Press Clippings",
1939
Scope and Contents note
Predominantly from the
Wall Street Journal and
Journal of Commerce 1939 Oct 3 - 1939 Dec 23. Discusses possibility of Reciprocal Trade Pact between U.S. and Chile and a strong opposition from
block of western, copper producing states.
Box 2, Folder 2
Report from U.S. Tariff Commission - "Imports, Exports, Domestic Production, and Prices",
1939
Scope and Contents note
Covers Petroleum, Coal, Lumber and Copper together with Excise Taxes Collected.
Box 2, Folder 3
Temporary National Economic Commitee - Origins of Cartel Hearings
Scope and Contents note
F.D.R. Presidential Message, April 1938, "Strengthening and Enforcement of Antitrust Laws". Also includes Joint Congressional
Resolution, 1938 June, creating T.N.E.C., letter (Preliminary Report) of Chairman of T.N.E.C. (1939 July). Statement of Senator
Joseph O'Mahoney of Wyo. to Senate Judiciary Comm. (1939 July).
Box 2, Folder 4
Verbatim Record of Proceedings of T.N.E.C., Vol. III, No. 6 entitled "'Price Practices of Copper Fabricators",
1939 May 19
Scope and Contents note
Includes testimony of: 1. H.L. Randall, Pres. Riverside Metal Co., 2. John Coe, H.T. Montague and C.S. Judd all of the American
Brass Co.
Box 2, Folder 5
Verbatim Record T.N.E.C., Copper Hearings,
1940 Jan 16 - 1940 Jan 20
Scope and Contents note
Includes testimony of: 1. Cornelius F. Kelley, Pres. of Anaconda Copper co. 2. E.T. Stannard, Pres. of Kennecott Copper Corp.,
3. Francis H. Brownell, Chairman of the Board of American Smelting and Refining Co. 4. Arthur Notman, Consulting Mining Engineer,
5. Dr. Anos Taylor, Chief, and Paol Dickens, Finance Division, Bureau of Foreign and Domestic Commerce, Dept. of Commerce,
6. Dr. Clair Wilcox, Economics Prof. Swarthmore College. Testimony interspersed with appendices (one after every day of testimony).
Appendices include repots, letters, charts and tables some are exhibits others are staff research. T.N.E.C. members include:
Senators 1. Mahoney of Wyo., 2. King of Utah; Representatives 1. Clyde Williams of Mo., W. Compton White of Idaho; Samuel
A. Moment attended the hearings as T.N.E.C. Economic Analyst.
Box 2, Folder 6
Copper Hearings - Original Interviews,
1949 Jan 2
Box 2, Folder 7
"T.N.E.C. - Copper Cartel Hearings - Original Briefs"
Scope and Contents note
Memo from Kreps (Moment's direct superior) to Senator O'Mahoney explainging the nature and aims of the Cartel Hearings also,
listing witnesses. Includes four briefs outlining the pertinent information that the Committee should or already has acquired
from four of the main witnesses: Kelley, Stannard, Brownell, Notman.
Box 2, Folder 8
"Copper Cartel - Sechel, Stannard etc.",
1935 - 1940
Scope and Contents note
Summaries and Reports on: 1. International Copper Industry, 2. Copper Export Association (1919 - 1923), 3. Copper Exporters
Inc. (1926 - 1932), 4. International Producers' Agreement (1935 - 1939), 5. Cartel's a. in general, b. specifically related
to the Copper Industry.
Box 2, Folder 9
"Report on United States Copper Companies"
Scope and Contents note
Format of report made by T.N.E.C. is in the following format: a. Company name, b. Address, c. list of "officers", d. list
of "Directors", e. "Business" - outline of history and nature of business, f. "subsidiaries" and "Foreign Subsidiaries" listed
with an explanation of the extent of relationship between the companies, g. "Interlocking Directorates" - most extensive section
- they are researching monopoly or Cartel like agreements. 15 companies included.
Box 2, Folder 10
"Report on Interlocking Directorates"
Scope and Contents note
Listing of business connections of every executive or director of the following companies: 1. Phelps Dodge, 2. Anaconda, 3.
Kennecott, 4. American Smelting - Refining Co., 5. Calvitet and Hella Consolidated Copper Co., 9. Tennessee Corp., 10. Copper
Range Co., 11. Magma Copper Co., 12. Quincy Mining Co., 13. Shattuck Denn Mining Co. - Source: a. Poor's Registrar of executives
and Directors 1939 and b. Moody's Industrials 1939.
Box 2, Folder 11
"Foreign Copper Companies"
Scope and Contents note
Includes Sigmund Sichel's (Anti-Trust, Dept. of Justice) report on copper industries in: 1. Belgian Congo, 2. Rhodesia, E.
Chile, 4. Peru, 5. Mexico, 6. Cuba, 7. Canada.
Box 2, Folder 12
"Unmanufactured Copper - United States Tariff Commission",
1939 Nov 18
Scope and Contents note
Report by Commission with text, tables, and an index of contents.
Box 3, Folder 13
"Copper Accounting Methods - Depletion - S.E.C. Memo"
Scope and Contents note
Memo from Wm. Werntz, Chief Accountent, S.E.C. to David Scoll (Moment's superior and Chief Economic Analyst for T.N.E.C.)
regarding depletion of non-ferrous metal mines in various companies accounting - states the problem, followed by many reports
on: 1. general accounting pactices vis a vis depletion and, 2. specific copper companies accounting practices in the same
area.
Box 3, Folder 1
"Published Reports on the Copper Industry"
Scope and Contents note
Nine small reports entitled: 1. "History of the Development of the Copper Industry of the World" by J.W.Furness, 2. "Economic
History of the Copper Industry and Estimated World Reserves of Copper" by Arthur Notman (1 & 2 extracted from "Copper Reserves
of teh World", XVI Internation Geological Congress, Washington, 1933), 3. "Secondary Copper" by Percy Babbour 1936, 4. Copper:
chapter from Minerals Yearbook 1935 by J.W. Furness and H.M.Meyer, 5. Same as #4, 1936, 6. Same as #4, 1937, 7. Same as #4,
1938, 8. Same as #4, 1939, 9. "Commodity Exchange Inc. - Its Functions and Activities".
Box 3, Folder 2
"T.N.E.C. - Miscellaneous Reports on Copper Industry"
Scope and Contents note
Varous reports on copper industry made from geological, economic and, legal points of view by Arthur Notman, Sichel, State
Dept. Justice Dept., Security Exchange Commission.
Box 3, Folder 3
"Digest of Some of the Materials Used for T.N.E.C. Copper Hearings"
Scope and Contents note
Outlines the findings of investigations made by the Anti-Trust Division of Dept. of Justice. Emphasis on concentration, control
and Cartelization of industry.
Box 3, Folder 4
"Essential Information on Copper Industry"
Scope and Contents note
Consists of inforational lists and summaries including: 1. "Principal Copper Producers and the Disposition of their Copper",
2. "Copper Smelters of U.S. and Principal Copper Supplies that they Treat", 3. "Copper Refineries in the U.S. and the Copper
They Reifine", 6. "World's Production of Copper", 7. "World Production, Deliveries and Stocks of Refined Coper" and, so on
U.S. Production by sates and grade; world consumption; uses; imports; exports; price extremes. Reports from 1938 through 1939.
Box 3, Folder 5
"T.N.E.C. Original Tables and Forms on Copper Industry"
Scope and Contents note
Predominantly consists of information transmitted to David SWcoll from R.R.Eckert, Secretary of Copper Institute. Includes
Copper industry schedules of production, refining, blistering, exports, etc. Also contains articles of Confederation, minutes
of various meetings and blank forms of the U.S. Copper Association - alias "the Copper Industry". ie. Main Target.
Box 3, Folder 6
"T.N.E.C. Tables and Statistics (including some reports)",
1919 - 1940
Scope and Contents note
Statistical tables covering various periods of time. Mostly about production but some information on exports, sales, prices,
stocks dispostion.
Box 3, Folder 7
"Statistics: Copper, Comparing Domestic and Foreign Markets",
1919 - 1940
Scope and Contents note
Statistical tables covering various periods of time. Mostly about production but some information on exports, sales, prices,
stocks dispostion.
Box 3, Folder 8
Report by R.W. Burgess and Y.S. Leong -
Statistics on Copper
Scope and Contents note
Published by Central Statistical Board in January, 1936. Table of contents and list of charts by titles included.
