НВръдни CONTENTS Alvord, Ellsworth C., chairman, committee on Federal finance, Chamber of Commerce of the United States. Balderston, William, president, Philco Corp., Philadelphia, Pa. Barr, John J., appearing on behalf of privately owned water utilities. Bozell, Harold V., United States Independent Telephone Association Caffee, Robert H., president, Printing Industry of America Carroll, Mitchell B., special counsel, National Foreign Trade Coun- Page 563 587 126 499 765 Cheine, Leo, executive secretary, Research Institute of America, Inc. 121 364 Davidson, John C., director, Government finance department, Na- 629 Dewey, Bradley, president, Dewey & Almy Chemical Co., Cam- 772 Drysdale, Robert M., Jr., executive vice president, Federation for 819 215 Dumas, Hal S., president, Southern Bell Telephone & Telegraph Co. Elder, Arthur A., consultant, tax committee, American Federation of 158 Eustis, F. A., treasurer, Virginia Smelting Co., Boston, Mass. Fernald, Henry B., chairman, tax committee, American Mining Con- Ford, Horace, treasurer, American Research & Development Corp.-- 345 188 Haddock, J. W., president, AMI, Inc., Grand Rapids, Mich. Haley, James W., secretary, special tax committee, National Coal Hardman, Lamartine G., Jr., representing American Cotton Manu- 407 Heer, Leo J., vice president, National Retail Furniture Association_ Statement of-Continued Holbrook, John K., attorney, New York, N. Y. Page 362 Hulcy, D. A., president, Lone Star Gas Co., Dallas, Tex. 464 Idol, Edgar S., general counsel, American Trucking Associations, Inc.- 352 208 Johnston, Eric, Motion Picture Association of America Kellen, Steven, vice president, General Ceramics & Steatite Corp., 756 817 Kennedy, John A., chairman, TV Excess Profits Tax Committee 325 340 ment_ 181 Laylin, Clarence D., on behalf of Council of State Chambers of Com- 266 Little, Royal, Textron, Inc.. 138 Lutz, Harley L., tax consultant, Government, finance department, 629 Lynch, J. T., general counsel, Treasury Department 43 Mann, J. Keith, attorney, appearing for Northcutt Ely, representing 211 Marbury, William G., appearing for Independent Natural Gas Associa- 577 Mayer, Gerhard, representing Commerce and Industry Association 260 185 McFarland, Elden, on behalf of the Rudolph Wurlitzer Co.. Muni, Mrs. Jessie R., treasurer and director, Investors League, Inc. Oakes, Charles E., president, Pennsylvania Power & Light Co. Packard, Arthur J., on behalf of American Hotel Association. 811 178 582 488 779 728 377 174 783 545 Ramspeck, Robert, executive vice president, Air Transport Associa- 412 Rankin, James L., representing American Cotton Manufacturers In- 407 Ruml, Beardsley, representing Business Committee on Emergency 109 Sanders, J. T., legislative counsel National Grange. 744 374 Schweitzer, M. Peter, treasurer, Peter J. Schweitzer, Inc., New York 199 Simons, Gustave, attorney for American Management Counsel.. 367 629 Snyder, Hon. John W., Secretary of the Treasury. 43 Sprague, Robert C., president, Sprague Electric Co., and president, 232 Stangler, Frank J., on behalf of F. D. Kees Manufacturing Co., 781 Terborgh, George, research director, Machinery and Allied Products 797 Thomas, J. B., president and general manager, Texas Electric Service 437 Thomas, Weston G., treasurer, Climax Molybdenum Co... 559 728 Turner, Clarence L., on behalf of Pennsylvania State Chamber of 269 Tye, Charles W., tax counsel, Royal Indemnity Co.. 582 Ulmer, Fred R., treasurer, Monsanto Chemical Co., St. Louis, Mo... Weisser, Frederick G., attorney, Collins & Aikman Corp., New York, Werntz, Orrin B., Cleveland, Ohio.- Whiting, Justin R., president, Consumers Power Co., Jackson, Mich Wilson, Carroll L., representing American Paper and Pulp Association_ Additional information submitted for the record by- Aircraft Industries Association of America, Inc.: Aircraft manufacturing profits far below most other industries, 767 440 569 733 554 Greater plane performance makes airplane cost higher, chart___ Military aircraft production assignment has tripled since Korea, American Bankers Association, statement of 844 American Hotel Association, supplemental statement by Arthur J. 732 American Retail Federation, letter from Rowland Jones, Jr.. 613 353 Armour & Co., statement of W. R. Emery, tax attorney- 739 Associated General Contractors of America, Inc., statement of H. E. 536 Brass industry shipments, 1946-49, chart___ Comparison of net profits after taxes with other industry groups, Buffalo Chamber of Commerce, statement of Robert P. Schermerhorn, 598 CIT Financial Corp., letter from Ernest Kanzler, transmitting letter 831 Committee for Economic Development: Paying for defense, a statement on national policy- 851 Statement by Meyer Kestnbaum, chairman, research and policy 848 L Methods of rate base determination generally applied, electric and gas utilities, table from Federal Power Commission report. -- Penalties for debt discriminate against utilities, chart.. Revenue from consumers and return on invested capital of the Upward trend in the major cost-of-living items versus gas and 459 Utilities penalized unjustly by World War II taxes, chart.. Controllers Institute of America, statement of.. 842 Everett & Johnson, letter from Malcolm Johnson. 841 Additional information submitted for the record by-Continued King Broadcasting Co., statement of Andrew G. Haley. Le Blanc Corp., statement of Dudley J. LeBlanc, president__ Cost of gas service has not contributed to the increased cost of Page 385 Debt characteristics of the gas industry, chart. Expansion of industrial gas sales required to meet general indus- Los Angeles Chamber of Commerce, letter from Harold W. Wright, 840 Massie, Adrian M., statement of.. 462 May Broadcasting Co., statement of Andrew G. Haley. Meredith Syracuse Television Corp., statement of Andrew G. Haley. 277 277 791 Moser, Ellsworth, letter from, to Senator Butler.__ 231 404 383 National Association of Manufacturers: A Federal Tax Program for the Period of Defense and Partial 630 650 An Excess Profits Tax Is Against the Public Interest_ National Association of Real Estate Boards, statement of A. J. 675 838 National Conference of Growth Companies, letter from B. L. Graham, 168 National Federation of American Shipping, Inc., article from Journal 195 846 399 National Retail Furniture Association, supplemental statement. 173 282 Northwestern Bell Telephone Co., memorandum re proposed excess 230 Disproportionate burden put on rate payers, etc., chart_ Limitation of earnings requires sale of new securities, etc., chart. 498 Charts and schedules showing various comparisons of electronics 240-250 Letter from F. Cleveland Hedrick, Jr., to Senator Lucas- 256 257 Retail Industry Committee, statement of John F. Lebor.. 614 Additional information submitted for the record by-Continued keynolds Metals Co., testimony of kichard S. Reynolds, Jr., president. mitting proposed revision.... Seatrain Lines, Inc., statement of H. Maurice Fridlund.. Southern California Edison Co., statement by Harold Quinton execu- 155 Comparison of additional net corporate tax revenue under House House of Representatives excess profits tax proposal: Average over-all tax rate related to number of times tax base Comparison of House bill with World War II tax under Revenue Distribution of additional tax under H. R. 9827, chart. Distribution of net income, 1950, by taxable status under H. R. Effective rates of additional tax under H. R. 9827, chart_ Estimated increase (gross) over present law in yield of corpora- tion income and excess profits tax under various assumed 69 Public utilities-Estimated excess profits tax liabilities under general rule and section 446 of H. R. 9827, table. |