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studegary
11-09-2009, 02:03 PM
The special Fall 2009 edition of Old Cars Weekly has a one page article entitled: "Forget bailouts: Studebaker's Hoffman did not want a loan from Uncle Sam".

One of the quotes from Paul Hoffamn, President of Studebaker, is; "The...hazard to free enterprise is the excessive and constantly mounting burden of federal, state and local taxation." This was at a talk in 1939.

Gary L.
Wappinger, NY

SDC member since 1968
Studebaker enthusiast much longer