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HEARINGS
4.3. Congress Senate , BEFORE THE
COMMITTEE ON BANKING AND CURRENCY,

UNITED STATES SENATE

EIGHTY-SECOND CONGRESS

FIRST SESSION

ON

S. 1397
A BILL TO AMEND THE DEFENSE PRODUCTION ACT

OF 1950, AND FOR OTHER PURPOSES

PART 1
MAY 7, 8, 9, 11, 14, 15, 16, 29, JUNE 4 AND 5, 1951

Printed for the use of the Committee on Banking and Currency

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COMMITTEE ON BANKING AND CURRENCY

BURNET R. MAYBANK, South Carolina, Chairman J. W. FULBRIGHT, Arkansas

HOMER E. CAPEHART, Indiana A. WILLIS ROBERTSON, Virginia

JOHN W. BRICKER, Ohio JOHN SPARKMAN, Alabama

IRVING M. IVES, New York J. ALLEN FREAR, JR., Delaware

ANDREW F. SCHOEPPEL, Kansas PAUL H. DOUGLAS, Illinois

EVERETT M. DIRKSEN, Illinois WILLIAM BENTON, Connecticut BLAIR MOODY, Michigan

A. LDE PARSONS, Clerk

JOS. P. MCMURRAY, Staff Director
II

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Statement of

Page

Brannan, Charles F., Secretary of Agriculture...

644, 657
Chapman, Oscar L., Secretary of Interior, accompanied by Alfred C.

Wolf, Executive Assistant; William Stead, Executive Advisor;
Bruce K. Brown, Petroleum Administrator for Defense; Clifford
B. McManus, Defense Electric Power Administration; and Dr.
James Boyd, Defense Minerals Adminisrtator-

449
DiSalle, Michael V., Director, Office of Price Stabilization.

580

Fleischmann, Manly, Administrator, National Production Authority 115

Foster, William C., Administrator, Economic Cooperation Adminis-

tration.

863

Gibson, Edwin T., Acting Administrator, Defense Production Ad-

ministration; accompanied by Jess Larson, Administrator, General

Services Administration; Charles Kendall, General Counsel, Den

fense Producton Administration; and Matthew Hale, Department

of Commerce -

179

Johnston, Eric, Administrator, Economic Stabilization Agency- 509

Keyserling, Leon H., Chairman, Council of Economic Advisors 262

Larson, Jess, Administrator, General Services Administration - 179

Linder, Harold F., William Coburn Armstrong, Robert Bruce Wright,
Florence Kirlin, State Department.--

357

Marshall, George C., Secretary of Defense-

787

Martin, William McChesney, Jr., Chairman, Board of Governors,

Federal Reserve System, accompanied by Ralph A. Young, Director

of Research and Statistics; George B. Vest, General Counsel; Guy

E. Noyes, Director, Division of Selective Credit Regulations; and

Frederic Solomon, Assistant General Counsel.-

311

Myers, Colby M., Brigadier General, USAF.

417

Sawyer, Charles, Secretary of Commerce

88

Small, John D., Chairman, Munitions Board, accompanied by Leonard

Niederlehner, counsel, and Alfred Scanlan, assistant counsel. --- 382, 787

Taylor, Dr. George W., Chairman, Wage Stabilization Board.

843
Tobin, Maurice J., Secretary of Labor -

147
Wilson, Charles E., Director of Defense Mobilization; accompanied

by Herbert A. Bergson, general counsel; and Matthew Hale, on
loan from Department of Commerce..

Woods, Tighe E., Housing Expediter, accompanied by Milton Davis,

and Ed Dupree, general counsel..

700

S. 1397

3

Amendments:

Senator Long, May 15.

837

Senator Maybank, May 22 -

837

Senator Maybank, May 31..

839

Senator Sparkman, for himself and others, June 4.

839

Letters, statements, exhibits, etc., submitted for the record by—

Benton, William F., a Únited States Senator from the State of Con-

necticut: Increases in commodity prices and volume of trading,

1950-51, table

551

Brannan, Charles F., Secretary of Agriculture:

Excerpt from statement before House Agricultural Committee

on food prices related to consumer incomes.

592

Statement-

676

Statement before House Agriculture Committee on meat situa-

tion.

682

Bricker, John W., a United States Senator from the State of Ohio:

Article, Reuter's Agency, Rubber Policy O.K.'d by United States,

says Attlee.

200

Article, New York Times, Our Steel Capacity at End of 1952 to

be 117,500,000 Tons a Year, etc.--

232

Article, New York Times, Steel Mills Continue Fast Pace, etc.- 232

h

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