HEARINGS BEFORE THE COMMITTEE ON FINANCE UNITED STATES SENATE SEVENTY-SEVENTH CONGRESS SECOND SESSION ON H. R. 7378 AN ACT TO PROVIDE REVENUE, AND FOR OTHER PURPOSES REVISED JULY 23, 24, 27, 28, 29, 30, 31, AUGUST 3, 4, 5, 6, and 7, 1942 Volume 1 Printed for the use of the Committee on Finance 76093 UNITED STATES WASHINGTON: 1942 CONTENTS Banser, John C., New York, N. Y., representing the Netherlands 1196 Batchelder, K. C., Seattle, Wash., traffic manager, West Coast Lum- 1074 Beers, Henry S., Hartford, Conn., representing the Association of 483 Bell, Daniel W., Under Secretary of the Treasury- 13 Berry, Richard F., Hartford, Conn., representing the Connecticut 989 Blodgett, George R., of Herrick, Smith, Donald & Farley, Boston, Blough, Roy, Director of Tax Research, Treasury Department_-_ Bodfish, Morton, Chicago, Ill., executive vice president, United States 469 Bright, Joseph E., estate analyst, Buffalo, N. Y. Brooks, John W., representing Pass & Seymour, Inc., Syracuse, N. Y.. 425 219 Carroll, Mitchel B., representing the National Foreign Trade Council, 206 Chatters, Carl H., Chicago, Ill., executive director, Municipal Finance 643 797 Citron, William, representing Rit Products Corporation, Chicago, Ill.. 155 419 Colerick, Guy, Fort Wayne, Ind., representing the Jefferson National 776 Conboy, Martin, of Conboy, Hewitt, O'Brien & Boardman, New 517 Cowan, Nathan E., representing the Congress of Industrial Organiza- 312 Davidson, Clinton, representing Fiduciary Counsel, Inc., Jersey City, 263 Dorety, F. G., St. Paul, Minn., vice president and general counsel, 881 Duhig, Stanley W., vice president and treasurer, Shell Union Oil |