Letters, statements, exhibits, etc., submitted for the record by-Continued Chamber of Commerce of the United States: Information on industry Chapman, Oscar L., Secretary of the Interior: Letter to Mr. Harrison regarding allotments to power industry.. 459 482 Letter to Mr. Harrison regarding DPA memorandum on tax Standards for processing applications for accelerated tax amorti- List of applications for financial assistance_ 483 496 1041 Defense Minerals Administration: Summary of all applications for 467 DiSalle, Michael V., Director, Office of Price Stabilization: Letter enclosing memorandum on legal authority for OPS Dis- 598 Memorandum in reply to questions on ceiling price regulations on live cattle and beef_ 615 Information on industry advisory committees _ _ Memoranda on various matters arising in connection with these Budget estimate and employment estimate Information on industry advisory committees 875 Ford, Peyton, Deputy Attorney General: Letter on condemnation of land, section 104 (e) and section 409 780 Information on industry advisory committees. 887 Memorandum on repayment of advances by deliveries of materials Gibson, E. T., Acting Administrator, Defense Production Adminis- Tax amortization certificates by time of start (pre-Korea). Gillette, Guy M., a United States Senator from the State of Iowa: Letter to Senator Maybank regarding allocations to small business_ Ives, Irving M., a United States Senator from the State of New Johnston, Eric, Administrator, Economic Stablization Agency: Increases in commodity prices and volume of trading- The what and why of general manufacturers' order CPR 22. Letter to Senator Maybank on license suspensions under OPA.. Statement on common carrier and other public utilities not sub- Statement on present exemptions in section 402 (e) (v)... Statement on intervention in case of proposed rate increases. Letter to Mr. DiSalle on price standards in relation to industry Letters, statements, exhibits, etc., submitted for the record by-Continued Kaul, Ralph R., chairman, critical areas committee, Defense Produc- Page 886 775 6. National income under effective stabilization policy___ 7. Supply and demand for consumer goods under an effective Lawton, F. J., director, Bureau of the Budget: Comments on S. 1397-- Exports of rubber and rubber products, 1950, and January and Excerpt from testimony before House Foreign Affairs Committee Magnuson, Warren G., Harley M. Kilgore, Herbert H. Lehman, Statement opening hearings.. Maybank, Burnet R., a United States Senator from the State of Article, New York Times, Amortization Law Defended by Olds.. 16 119 120 Staff memorandum on price ceilings and roll-back of beef prices. - 614 722 Mead, James A., Chairman, Federal Trade Commission: Information 899 Murphy, Charles S., special counsel to the President: Letter enclosing memorandum concerning amortization of 211 National Association of Manufacturers: Information on industry 904 Petroleum Administration for Defense, Bruce K. Brown, Deputy Administrator: Standards for processing applications for accelerated Letter and suggested amendment to aid small business_. Sawyer, Charles, Secretary of Commerce: Shawcross, Sir Hartley, president, British Board of Trade: Statement Small, J. D., chairman, Munitions Board: Letter to Senator Maybank on authority of Department of De- 109 372 366, 372 39 Condemnation of land.. Letters, statements, exhibits, etc., submitted for the record by-Continued Actual or prospective critical areas involving Defense Depart- Page 387 402 815 Procurement of meat during fiscal years 1951 and 1952. 823 825 Requirements for cotton, cotton textiles and cotton duck. 826 828 Taylor, Dr. George W., Chairman, Wage Stabilization Board: State- ment_ Tobin, Maurice J., Secretary of Labor: 853 Percentage changes in wage rates, June 1950 to February 1951__ 154 157 Consumers Price Index, by groups, March 1951- 160 Hourly and weekly earnings, selected industries, February 1951. 164 172 Nonfarm housing in relation to population. 178 Warren, Lindsay, Comptroller General of the United States: Letter on 778 DEFENSE PRODUCTION ACT AMENDMENTS OF 1951 MONDAY, MAY 1, 1951 UNITED STATES SENATE, COMMITTEE ON BANKING AND CURRENCY, Washington, D. C. The committee met, pursuant to call, at 10:30 a. m., in room 301, Senate Office Building, Senator Burnet R. Maybank (chairman) presiding. Present: Senators Maybank, Robertson, Douglas, Benton, Bricker, Schoeppel, Dirksen, and Bennett. The CHAIRMAN. I will ask that the committee come to order. I have a short statement to make about a matter that the committee agreed upon in executive session before this meeting started, and I trust the press will be good enough to carry it as it explains the situation we are up against. We have requests from 150 national and seminational organizations to be heard. We have limited to 60 national organizations the number that the committee believes should be heard. We have 20 days for the hearing. The committee intends to sit mornings and afternoons for the balance of the month to give everyone a fair chance to be heard. The question has come before the committee as to how much time the various witnesses should have. The committee desires, starting tomorrow, to call the attention of all the Government witnesses, and all the witnesses of national organizations, to the Legislative Reorganization Act of 1946, particularly that part carried on page 22 that states That each standing committee shall, so far as practicable, require all witnesses appearing before it to file in advance written statements of their proposed testimony and to limit their oral presentations to brief summaries of their argument. The staff of each committee shall prepare digests of such statements for the use of committee members. We are going to ask and require all of the organizations to file with this committee 24 hours in advance 75 copies of any statement that they intend to present to us. That takes in the Government, farm organizations, labor organizations, manufacturing organizations, or chambers of commerce. The purpose in getting the 75 copies here is so the Senators can get those copies and take them home at night and study them before the next day's meeting. Additional copies will be given to the staff so they can study what the witnesses are going to testify to, and then it will be the purpose of the committee to ask the witnesses, as the reorganization law states, to summarize their statements. Their statements, of course, will be printed in full, but the committee does not believe it will have the time to hear long statements read that they themselves have already read, by the requirement of a 24-hour advance filing. 1 I trust that the press will be good enough to help us out, because it is a tremendous job to hear Government witnesses all this week and through next Tuesday and then to hear 60 national organizations representing the various labor groups, farm groups, chambers of commerce, real-estate boards, and so forth. So, if you can help us to get the thought over that we are going to be fair and hear all we can, as time is just running out on us, we will appreciate it. The other thought was on commercial rent. The committee believes it is not going to take any testimony on commercial rent unless they decide to do so later on. The committee will be glad to have any briefs filed on Federal control of commercial rents, either for or against it, but the committee does not believe sufficient study has been given to the problem to know exactly how to move on commercial rent controls. We have requests here from a large number of witnesses desiring to appear on commercial rents, but these other things appear so much more important to us that we put over commercial rent until the end if it is taken at all, but we will accept filed state ments. Senator ROBERTSON. Mr. Chairman, may I inquire? The CHAIRMAN. Certainly. Senator ROBERTSON. Am I correct in understanding that the committee would like each witness, after this program has been published, to make his oral presentation and confine his testimony, as far as possible, to 15 or 20 minutes? The CHAIRMAN. The committee is hopeful that the witnesses will be, I might say, generous with us, because we have so many that want to be heard, and I know there is going to be a lot of dissatisfaction about who we picked and who we did not pick, and I know that there are a lot of people that are displeased about this and displeased about that, and we just do not want this to be a sounding board for people who are angry about some specific order. We want to get to the facts of inflation and facts of control and what sort of control bill should be passed to aid the country in its present serious inflationary dilemma. Senator ROBERTSON. Take, for instance, an organization like the Farm Bureau Federation representing all phases of agriculture. We would not want a man to discuss beef all day long. They may have a specialist on livestock, cotton, wheat, corn, tobacco, and so forth. Each one of those can file as voluminous a brief as he pleases that we can read and assimilate, but when he comes to give us his views he ought to get it boiled down to 15 or 20 minutes. The same way with major labor organizations. They may have various large groups, the CIO or the AFL, but each individual of those groups should confine himself to a brief presentation of his viewpoint. so that in 20 days we can have a pretty good cross section of the various interests of the Nation. The CHAIRMAN. Take, for example, as the Senator mentioned, the AFL and CIO. We are hopeful that, in the case of the CIO and the AFL, the testimony directed toward automobile workers may be 20 minutes, directed toward the steel workers may be 20 minutes, and so forth, and so on. We are not telling them how to do it, but we hope we can get a general knowledge of it all. Likewise, when the Farm Bureau comes here, they are interested, of course, in the farmers' representative on wheat, cotton, corn, beef, and so forth, and we are |