To Julian Bond from Wendell and Ellice Givan, 4 Nov 1973, with shorthand note and enclosure from Sen. Warren Magnuson

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November 4, 1973

Dear Julian:

At the time we sent $10.00 for the Poverty Law Center, and since we could not send more in response to your appeal, I wrote to Senator Warren Magnuson asking about the unscrupulous sale of contracts to financial institutions who in turn disavowed any responsibilitiy for the consumer; and we received this letter from him in response.

I suppose that you already know about this pending legislation but thought I would send the letter on to you anyway; so that you will know that there are other people sincerely interested in ridding our ship of state of the barnacles of moneyed power and injustice, which has under Mr. Nixon, all but sank it.

If there is to be a new party in this nation embodying the large and growing numbers of Independent voters and which is growing precipitously because of the scandals and corruption under this Republican administration, it will come about through such men as Harold Hughes of Iowa and Fred Harris of Oklahoma and yourself; I have written and written again urging George McGovern to move out of a Democratic party corrupted and stalemated by Richard Daley and George Wallace......but to no avail......like Eugene McCarthy before him, he cannot bring himself to leave the party which he worked so hard to form in South Dakota many years ago, just as McCarthy had to completely revamp the Democratic party in Minnesota before it was in shape to nominate him for Congress his first term. It is sad to but when the public has done such a large turn in opinion and is now moving towards exercising mind and conscience, if the leadership presently around, will not move with it, there are others who will move ahead instead. God bless and direct, (signed)Mr. & Mrs. Givan

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October 12, 1973

Ellice A. Givan 135 Harvard Ave., E. Seattle, Washington, 98102

Dear Ms. Givan:

Thank you for your letter of October 2. I very much appreciated hearing from you.

The "holder-in-due-course" doctrine to which you refer is an injustice to consumers, and I am pleased to report that the Federal Trade Commission now has under active consideration a trade regulation which would completely ban "holder-in-due-course" transactions from consumer credit.

I share your dismay over the President's continued lack of concern for those in our society who are most in need. His veto of the minimum wage bill was, in my estimation, nothing less than callous and had absolutely no justification whatso-ever in economic fact. Regrettably, of course, the House failed to override the President's veto and the Senate, therefore, did not even have an opportunity to do so. I have consistently supported increases over the years in the minimum wage and will continue to do so.

In closing, let me note that the Military Procurement Bill to which I attached the PHS Hospital Amendment is an authorization measure -- not an appropriations bill. The actual level of defense spending will be set by the Defense Appropriations Bill which is yet to be considered.

Best Regards.

Sincerely,

Warren G. Magnuson, U.S.S.

WGM:msmj

[The following is the marginal content of the letterhead] United States Senate Committee on Commerce Washington D.C. 20510

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Mr. Julian Bond 361 Westview Dr. S.W. Atlanta, Georgia 30310 Postmark 4 Nov 1973

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