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POST-WAR ECONOMIC POLICY AND PLANNING

WEDNESDAY, FEBRUARY 7, 1945

UNITED STATES SENATE,

SUBCOMMITTEE ON HOUSING AND URBAN
REDEVELOPMENT OF THE SPECIAL COMMITTEE ON

POST-WAR ECONOMIC POLICY AND PLANNING,

Washington, D. C.

The subcommittee met, pursuant to adjournment, at 10:30 a. m., in room 312 Senate Office Building, Senator Robert A. Taft (chairman) presiding.

Present: Senators Taft (chairman), Radcliffe, Buck, Ellender, and Chavez.

Senator TAFT. The committee will come to order.
Will you come forward please, Mr. Johnston.

STATEMENT OF ERIC A. JOHNSTON, PRESIDENT, CHAMBER OF COMMERCE OF THE UNITED STATES

Senator TAFT. You have a prepared statement?

Mr. JOHNSTON. I have, Senator Taft, which I would like to file, but I would like to talk to you for a few minutes if I may, and file the statement for your consideration.

Senator TAFT. All right. The reporter will take the statement. You may proceed in your own way.

Mr. JOHNSTON. Gentlemen, my name is Eric Johnston. I am with the United States Chamber of Commerce. I am happy to have the opportunity of coming before you this morning and discussing at least one phase of the urban redevelopment and housing in the post-war period.

I am one of those who very definitely feels that housing, the building of new homes, will provide one of the major avenues for getting us high levels of production, high levels of employment in the post-war period.

As the very large percentage of homes are built by private initiative and private capital, I think we should not put any unnecessary obstacles in the way of erection of homes in the post-war period.

Many groups have appeared before you and presented statements. The United States Chamber of Commerce has, among its membership, many who are interested in the building of homes, such as insurance companies, financial institutions, contracting agencies of one kind or another, and those who supply building materials, and this committee of the United States Chamber of Commerce that I am speaking of has in its membership groups representing all of these various elements who are interested in the construction field.

I think we will solve the problem of construction only through thorough consideration and mature judgment, and I think your subcommittee is rendering excellent service in that regard.

2031

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