Introductory statement of W. C. Broadgate_. Opening statement of Senator James G. Scrugham, of Nevada__. Mills, Edwin W., chairman, Ellsworth Council of Small Miners--. Coupal, J. S., consultant, Liberator Mines Co., Phoenix_--- Willis, Charles F., secretary, Arizona Small Mine Operators' Asso- Rickard, Brent N., American Smelting & Refining Co., Tucson___ 5734, 5754 Knight, Frank P., Jr., vice president, Christmas Copper Corporation, Willis, Charles F., secretary of the Arizona Small Mine Operators' West, J. Andrew, attorney, Prescott__ Robinson, John P., Jr., Zannarapolis Tungsten Mine, Hillside, Ariz., vice chairman, Yavapai County Council, Arizona Small Mine Opera- Schemmer, Fred, manager, Commercial Mine, Copper Basin, Prescott. 5789 Bennett, Anthony, Gladiator Mine, Crown King, Ariz.......... Sparkes, Miss Grace, secretary, Yavapai County Council, Asmoa, and part owner of the State of Texas Mine, Cochise County, Ariz__ 5793 Mine-loan cancelations by Reconstruction Finance Corporation___ Mining loans, post-war versus private investments----- Premiums__ Price ceilings and control_ 5725, 5759 Prices, metals, subsidy of Prices of metals---. Price stabilization_ Scrap metals___. 5738, 5740, 5749, 5751, 5753, 5765, 5767 5735, 5748, 5780 Securities and Exchange Commission and mine financing- 5728, 5736, 5797 5725, 5730, 5741, 5743, 5766, 5783, 5784, 5786 Tariffs. Taxation____ 5704, 5706, 5708, 5709, 5728, 5754, 5764, 5770, 5797 5716, 5729, 5737, 5765, 5769, 5771, 5789 5716, 5727, 5739, 5744, 5764, 5776, 5777, 5779, 5783, 5792, 5798 Technological advances and research---- Wages- I. Stock-piling-vital to national security (by Julian D. Conover, secre- tary, American Mining Congress, Washington, D. C.)--. II. Statement of De Leland Bouse, district manager and loan representa- tive of the Smaller War Plants Corporation, Phoenix, Ariz-- III. Loan policy memorandum No. 6----- IV. Letter from S. Abbot Smith, acting chairman of the Smaller War Plants Corporation, to Robert S. Breyer, regional director, Los V. Recommended procedure for bailing out those who have had war production losses, as applicable to small copper metal mines (pre- PROBLEMS OF AMERICAN SMALL BUSINESS MONDAY, AUGUST 7, 1944 UNITED STATES SENATE, SUBCOMMITTEE ON MINING AND MINERALS INDUSTRY, OF THE SPECIAL COMMITTEE TO STUDY PROBLEMS OF AMERICAN SMALL BUSINESS, Phoenix, Ariz. The subcommittee met, pursuant to notice, at 2 p. m., August 7, 1944, in the Arizona room, Adams Hotel, Phoenix, Ariz., W. C. Broadgate presiding. Present: W. C. Broadgate, technical consultant to the committee. INTRODUCTORY STATEMENT OF W. C. BROADGATE Mr. BROADGATE. Will the conference please come to order. Senator Scrugham requested Governor Osborn to open the hearing in the Senator's absence, but the Governor informed me this morning he was leaving town and had so much to do before going he would not be able to accept the invitation. However, he asked Č. H. Dunning, Director, Arizona State Department of Mineral Resources, to represent him at this meeting. May I present Mr. Dunning. Mr. DUNNING. That is all I was going to say. I think the sooner we get the meeting under way, the better. Mr. BROADGATE. It is not often we have a speech as short as that at congressional hearings. And now, ladies and gentlemen, due to the immediate necessity of obtaining action on certain bills now being considered, I am sorry to say that Senator James G. Scrugham, of Nevada, chairman of the Subcommittee on Mining and Minerals Industry of the Senate Small Business Committee, will be unable to preside at this and the other two Arizona conferences scheduled by the subcommittee. Senator Scrugham had planned a series of these conferences throughout the West, and I feel very pleased that he has authorized me to take testimony and statements in Arizona for the subcommittee to use as a basis for a forthcoming study of post-war problems related to mining, upon which the Senate subcommittee staff is about to engage. Senator Scrugham has sent to me from Washington the following opening statement to read for him: OPENING STATEMENT OF SENATOR JAMES G. SCRUGHAM, "Some time ago I planned a series of conference hearings to be held in the western mining States upon which to base studies to be made |