Business: White to Studebaker

"South Bend 3-7111."

''Atlanta calling Mr. Erskine."

"Who is calling in Atlanta?''

"Mr. Woodruff."

"Is that you Bob?"

"Yes, hello Russel. I have an important plan I want to talk over with you."

That, in effect, is the way it began, four weeks ago. Out of the telephone conversation a meeting was arranged in Manhattan. And out of the meeting last week came a plan by which Studebaker, subject to the formality of a stockholders' ballot, will acquire White Motor Co.*

White's vendor was its chairman, Robert Winship...

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