45994

HEARINGS

BEFORE THE

COMMITTEE ON FINANCE
UNITED STATES SENATE

EIGHTY-THIRD CONGRESS

SECOND SESSION

ON

H. R. 8300

AN ACT TO REVISE THE INTERNAL REVENUE LAWS
OF THE UNITED STATES

PART 1

APRIL 7 AND 8, 1954

Printed for the use of the Committee on Finance

UNITED STATES
GOVERNMENT PRINTING OFFICE

WASHINGTON: 1954

JUN 2

U. OF M. BINDERY

CONTENTS

Statement of-

American Life Convention_.

Page

192

Atlantic, Gulf & Pacific Co. of Manila, submitted by Wickes, Riddell,

Bloomer, Jacobi & McGuire, New York, N. Y___.

295

Bowyer, S. J., vice president, Walgreen Drug Stores_-

Briggs, Charles W., chairman, Forest Industries Committee__

154

183

Supplemental statement....

184

Craven, George, Philadelphia, Pa., as attorney for executors of estate

of Solomon Allinger, deceased__

293

Day, Rufus W., for McAfee, Grossman, Taplin, Hanning, Newcomber

& Hazlitt_.

156

Supplemental statement.

642a

Dixon, Gene, president and treasurer, Kyanite Mining Corp., Cullen,
Va____

Folsom, Hon. Marion B., Under Secretary of the Treasury.
Goodwin, Charles, Jr., Sherman, Sterling & Wright, New York, N. Y__
-Hughes, Hon. Roland R., Deputy Director, Bureau of the Budget;

accompanied by William F. McCandless, Assistant Director, Office
of Budget Review, and J. Weldon Jones, economic adviser__.
Humphrey, Hon. George M., Secretary of the Treasury-.

Kilkpatrick, H. Cecil, on behalf of the estate of Harry C. Trexler, a
testamentary charitable trust, Allentown, Pa--

Kuhn, Harold A., San Francisco, Calif....

Life Insurance Association of America__.

-MacLean, Charles C., Jr., committee on taxation of the Association of

the Bar, of the city of New York------

232

99

171

150

88

169

252

192

495

McMahon, C. Stanley, J. R. Watkins Co., Winona, Minn_.

176

Munro, Howard E., legislative representative, the Central Union and
Metal Trades Council, AFL, of the Panama Canal Zone___
Peeler, Joseph D., Musick, Peeler & Garrett, Los Angeles, Calif_

~Reed, Hon. Daniel A., Chairman, Committee on Ways and Means,

House of Representatives_

168

164

325

Singer, Leon, of Blumberg, Miller, Singer & Heppen, general counsel to

the Cigar Manufacturers Association of America, Inc_---

Tarleau, Thomas N., Chairman, section of taxation, American Bar

Association____

Wolkstein, Harry W., Harry W. Wolkstein & Co., Newark, N. J...--

Additional information:

167

Data on stock ownership--.

93

504

First and second reports on H. R. 8300 of the committee on taxation

of the Association of the Bar of the City of New York____

Letter from-

Angell, Irving J., Peat, Marwick, Mitchell & Co., Newark, N. J.,

to chairman, April 2, 1954, with enclosures..

Atlas, Martin, Washington, D. C., to chairman, March 17, 1954_.

Berkowitz, Walter J., treasurer, Tension Envelope Corp., New

York, N. Y., to Hon. Warren G. Magnuson, April 6, 1954, with

enclosures__

Bernstein, Paul R., president, Mutual Credit Corp., New York,

N. Y., to chairman, March 31, 1954_.

Bingham, Dana & Gould, Boston, Mass., to chairman, March 27,

1954_.