Senator William Proxmire, Democratic chairman of the Senate Lockheed bribes scandal hearings clashed with U.S.?
GV: U.S. Senate Lockheed Hearing ZOOM into CU of Senator William Proxmire. MUTE
SV: officials and public, listening as Senator Proxmire starts speaking.
English Sof starts: "I believe the..."
English Sof Out...Lockheed's own estimates". (2 shots)
GV: U.S. Treasury Secretary William Simon and officials seated. (2 shots) MUTE.
SV: Secretary Simon speaking.
English Sof Starts: "I believe disclosure.... English Sof ends: ....tarring his reputation."
SENATOR PROXMIRE. ENGLISH SOF STARTS:
"I believe the time has come for full public disclosure of the recipients of all such bribes including the names of the recipients This scandal has been a serious blot on this country's commercial and diplomatic relations with other nations. At present we know that Lockheed has paid more than 200 million dollars in commissions to agents abroad, of which some 24 million dollars has been paid to government officials, according to Lockheed's own estimates."
TREASURY SECRETARY SIMON. ENGLISH SOF STARTS:
I believe disclosure is on the one point a tremendous deterrent for anything like this occurring again. The threat of disclosure to me is just like the death penalty which I also feel strongly about.....is a deterrent as far as anybody committing murder. And then I put that on one side. Then, having said that I say all right if disclosure is a deterrent why don't I fully favour it? Then I say, well, if I disclose all these names, if I knew them, I would be in danger of disclosing innocent--potentially--as well as guilty people. Is that the role of a banker, of a financial man in the government to do that? Because you would perhaps be for ever tarring his reputation".
Initials RH/2055 RH/2125
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Background: Senator William Proxmire, Democratic chairman of the Senate Lockheed bribes scandal hearings clashed with U.S. Treasury Secretary William Simon on Thursday over his demand that Lockheed must name those who received the bribes.
Senator Proxmire said that the time had come for full public disclosure of all organisations--and individuals who received pay-offs for helping Lockheed gain contracts worth millions of dollars.
The Senator said the scandal was a serious blot on the commercial and diplomatic relations of the United States. He said that it was a fact that Lockheed had paid more than 200 million U.S. dollars to overseas agent---of which some 24 million dollars has been paid to government officials by Lockheed's own estimates.
The scandal has had world wide repercussions:
Price Bernhard of the Netherlands is under investigation by a government committee of inquiry after allegations that he received over one million dollars to boost Lockheed's sales.
In Italy, the government has launched an official inquiry into the contract for 14 Lockheed C-130 Hercules Transport planes and in Japan, a Parliamentary Commission is pursuing other bribery claims against Lockheed. In fact, some Japanese politicians have already warned that the scandal may cause the government to cancel a huge order with Lockheed for maritime patrol aircraft.
Treasury Secretary William Simon told Senator Proxmire that he agreed disclosure would act as a great deterrent against future pay-off attempts. However, he feared that if all names were disclosed the innocent might be accused with the guilty.
This film is serviced with a speech in English by Senator William Proxmire and a speech in English by Treasury Secretary William Simon. A transcript of both appears below: