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<---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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