<---Goto Page 1                                     A Look Behind The Scenes (cont.)

Conestoga plane scene—

  • PT twice high bidder but failed to acquire a WAA steel plant.

Vera’s visit to the board—

  • Didn’t happen. PT board president after Toulmin resigned (September, 1947). Rockelman never board chair.
  • PT promised $1000 car. Probable price at least $1,800.

PT making radio ad / Vera’s call—

  • Waltz Blue color being "their" color supposedly true.
  • There was a big strain of trying to sell stock during 1947 while trying to finalize production of the car.

PT to Board—

  • PT always did have voice in matters of policy. Problems more with old guard officers brought in to help boost the sale of stock.
  • 589 engine was a failure. PT was slow to admit this.
  • Disc brakes and fuel injection had to be eliminated.
  • Seat belts were an internal debate.

Visit to see Howard Hughes—

  • PT possibly visited Hughes as a potential investor (PT saw many schemers and kooks).
  • Hughes then did have problems with government.
  • Air-Cooled Motor Co. did have a really fine aluminum air-cooled helicopter engine (company purchased by PT in 3/48).

Conversion of engine at Ypsilanti—

  • Was done in Ypsilanti, away from Chicago plant
  • PT felt could not do this in Chicago with internal problems.
  • PT had more trust for loyal group of "monkey–wrench engineers" (including Preston Tucker, Jr. and Eddie Offutt) and Dan Leabu than his traditional engineers in Chicago.
  • The converted engine was very good but then still too costly for mass production.

Testing of Cars at Indy 500—

  • Tests in September, 1948.
  • Car #1027 did turn over as pictured. Driver (Offutt) not injured.
  • Tests clearly demonstrated the performance capabilities of the Tucker ‘48s.

Abe tells PT good bye—

  • Abe was actually fired in November, 1946 (at insistence of Cerf).
  • Abe had criminal record as stated.
  • Although Abe later brought lawsuit versus Tucker Corporation, he and PT remained friends.

Drew Pearson’ radio show—

  • Basic depiction quite accurate. June 16, 1948.
  • All Tucker ‘48’s could back up.
  • PT flew three cars to Washington to show Pearson the next day (no evidence that Pearson ever saw cars).

SEC confiscates files—

  • Uncertain about Chicago Tribune story.
  • Files confiscated in June, 1948.
  • Plant momentarily shut down. SEC claims this was PT’s choice, not their action (probably true).
  • Suits not yet beginning by disgruntled dealers.
  • Rockelman did not then resign (he resigned November, 1948).

PT and row of Tucker cars—

  • Plant lease secured September, 1947. No need to complete 50 cars after company files confiscated.
  • Skeleton crew did complete a number of cars in late 1948 but last thirteen (13) of fifty (50) cars lacked the installation of engine and/or transmission.

PT’s arrest—

  • PT did elude police to turn over company records, not for arrest.
  • PT indicted in June, 1949.

PT’s criminal trial—

  • Trial from October 04, 1949 to January 11, 1950.
  • Lost car plant the first day of trial. Lustron momentarily given plant in October, 1946, not 1949.
  • Statements of Kerner and Kirby capture their actual arguments.
  • Kirby: "Failure result of serious financial problems and outside interference" is essentially accurate. Interference is primarily government interference, not Big 3 espionage.
  • Government questioned PT’s decision to go back to Ypsilanti Machine & Tool Co. for engine and transmission work when PT possessed the world’s largest, best equipped plant.
  • PT had proper receipts for engine work.
  • PT did divert some company funds for personal use.
  • SEC did improperly leak secret report to The Detroit News.
  • Eight (8) cars, not fifty (50), brought to courthouse.
  • PT never spoke in court (nor Abe, nor Rockelman).
  • PT was a defendant with six (6) others (Abe, Rockelman, Cerf, Pierce, Dulian, Radford and Knoble).
  • The Defense did rest without presenting rebuttal witnesses.
  • Kirby essentially said what PT says: "if tried, even if no good, even if didn’t make any, than not wrong"
  • The jury did find PT and the other six defendants not guilty.

Time to rewind the tape and think of what might have happened if the Tucker ‘48 had become a reality.

 

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