Excerpt from Investigation of Concentration of Economic Power: Temporary National Economic Committee
Mr. Roy C. Cook's monograph entitled "Control of the Petroleum industry by Major Oil Companies" calls for some reply, especially as it has been published by the Government Printing Office and might seem to have some of the authority of an official document. As a matter of fact, Mr. Cook alone is responsible for this general attack upon the oil industry. Although it has been published as No.39 in a series of monographs printed for the use of the Temporary National Economic Committee, it is not an official report of the T. N. E. C. Like the other monographs, it contains the following explicit disavowal of T. N. E. C. responsibility:
The status of the materials in this volume is precisely the same as that of other carefully prepared testimony when given by individual witnesses; it is information submitted for committee deliberation. No matter what the official capacity of the witness or author may be, the publication of his testimony, report, or monograph by the committee in no way signifies nor implies assent to, or approval of, any of the facts, opinions, or recommendations, nor acceptance thereof in whole or in part by the members of the Temporary National Economic Committee, individually or collectively. Sole and undivided responsibility for every statement in such testimony, reports, or monographs rests entirely upon the respective authors.
The letter of transmittal by Mr. Thurman Arnold, Assistant Attorney General, makes it clear that the author is speaking for himself. Mr. Arnold wrote:
* * * This report originated and was completed by Mr. Cook as a private research project in the department of economics of the George Washington University.
Mr. Cook has prepared this report, based upon public and privately published sources independently of his official duties as a member of the economic staff of the Department of Justice. The facts, opinions, and conclusions are solely those of the author and are not to be considered as the opinions or policies of the Department of Justice.
Although Mr. Cook is an "expert" in the Department of Justice, he is clearly speaking, in his monograph, neither for the T. N. E. C. nor for the Department of Justice. At the outset, it appears that he is a self-constituted spokesman for the "independents". An independent in the days of the old Standard Oil Trust was any company outside that group, but Mr. Cook does not use the word "independent" in that sense. Apparently, for Mr. Cook, an independent is anyone outside the ranks of the 20 large companies he calls majors. In fact, the "independents" are not a homogeneous group; they have as many differences as they have similarities. The "independents" include some companies with securities listed on the security exchanges and some individual proprietorships; they even include some of the companies which were divorced from the old Standard Oil Co. Some are fully integrated companies which carry on all operations from exploring for oil to selling to the consumers; others are specialists in particular activities, such as drilling wells or transporting gasoline for hire.
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