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The book Monopoly on Wheels by William Greenleaf recounts the story of how Henry Ford, in 1903, asked that membership in the Association of Licensed Automobile Manufacturers be granted to the Ford Motor Company. Frederic L. Smith, President of A.L.A.M. at that time, later recalled giving this reply: "I remember solemnly telling Henry Ford that his outfit was really nothing but an 'assemblage plant', poison to the A.L.A.M. and that when they had their own plant and became a factor in the industry they would be welcome..."
From the book Bad Predictions by Laura Lee
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