West, Hartland S.: J. P. Morgan & Co., Inc‒‒‒‒‒‒‒ Vice president, comptroller. Whitney, George:

Cleveland, Cincinnati, Chicago & St. Louis Member executive committee,

3 $2,893, 671 5, 184, 317 29, 107, 138

American Airlines, Inc., Charles S. Cheston, director..
American Brake Shoe Co., H. P. Davison, director.
American Viscose Corp., Henry C. Alexander, director.
Atchison, Topeka & Santa Fe Ry., Thomas S. Lamont,
director.

Consolidated Edison Co. of N. Y., Inc., Devereux C.
Josephs, trustee; George Whitney, member of executive
and pension committee, trustee.

Continental Can Co., Junius S. Morgan, director. Continental Oil Co., George Whitney, chairman of executive committee, director..

De Long Hook & Eye Co. (Mar. 31, 1949), John S. Zinsser,
director.

Discount Corp. of New York, George Whitney, director..
E. I. du Pont de Nemours & Co., Alfred P. Sloan, director.
Eastern Gas & Fuel Associates, Paul C. Cabot, trustee....
General Electric Co., Charles D. Dickey, director-
General Motors Corp., Henry C. Alexander, director;
Alfred P. Sloan, chairman of board, director; George
Whitney, member finance policy committee, director...
B. F. Goodrich Co., John L. Collyer, president, member
executive committee, director.

Indiana Harbor Belt R. R. (1947), Gustav Metzman,
member executive committee, president, director -
International Minerals & Chemical Corp. (June 30, 1948),
Thomas S. Lamont, director.

Johns-Manville Corp., Henry C. Alexander, director..
Kansas, Oklahoma & Gulf Ry., Charles S. Cheston,
director..

Kennecott Copper Corp., Charles D. Dickey, director;
Alfred P. Sloan, director; George Whitney, member
executive committee, director.

Lamont Corliss & Co., Thomas S. Lamont, director..
Mead Corp., Charles S. Cheston, director.

Monsanto Chemical Co., Charles S. Cheston, director..
Muskogee Co., Charles S. Cheston, director.
National Diary Products Corp., Paul C. Cabot, director..
New York Central R. R. (System), Gustav Metzman,
member executive committee, president, director;
George Whitney, member executive committee, director.
Northern Pacific Ry., Arthur M. Anderson, director...
Phelps Dodge Corp., Thomas S. Lamont, director
Philco Corp., Charles S. Cheston, director...
Pullman, Inc., Alfred P. Sloan, director..

St. Joseph Lead Co., Arthur M. Anderson, trustee..

Sharpe & Dohme, Inc., Charles D. Dickey, director; John

S. Zinsser, chairman of board, director...
Standard Brands, Inc., Henry C. Alexander, director.
Standard Screw Co., James L. Thomson, director.
Stonega Coke & Coal Co., Charles D. Dickey, director..
Tampa Electric Co., Paul C. Cabot, director.

Terry Steam Turbine Co., James L. Thomson, vice presi-
dent, director..

Texas Gulf Sulphur Co., Thomas S. Lamont, director.
United States Steel Corp., Arthur M. Anderson, member
finance committee, director..

Virginia Coal & Iron Co., Charles D. Dickey, director..
Zinsser & Co., Inc., John C. Zinsser, director..

Total (rails and industrials).

62, 842, 771

1 Officers and directors were taken from the 1950 edition of Poor's Register of Directors and Executives. Financial data were taken from Moody's investment manuals, Standard & Poor's Corporation Records, and The Spectator Insurance Year Books (1949). Data are as of Dec. 31, 1948, unless otherwise noted. 'Deficit.

Not reported.

Not made public.

Income received.

II. BANKS AND INSURANCE

Company Name of officer or director-position held:

Atlantic Mutual Indemnity Co----.

Morgan, Junius S., Trustee.

Atlantic Mutual Ins. Co---

Morgan, Junius S., Trustee.

Church Fire Insurance Corp-.

Dickey, Charles D., Dir.

Church Life Ins. Corp-.

Dickey, Charles D., Dir.

Citizens Ins. Co. of N. J_

Thomson, James L., Vice Pres., Dir.

Connecticut Mutual Life Ins. Co---
Thomson, James L., Dir.

Girard Trust Co..

Consolidated gross assets

$1,594, 145

32,798, 688

1,344, 362

10, 770, 422

4,792, 254

724,289,848

204, 060, 919

Zinsser, John S., Dir.

Hartford Accident & Indemnity Co---

Thomson, James L., Vice Pres., Chrm. Fin. Com., Dir.

Hartford Fire Ins. Co‒‒‒‒

Thomson, James L., Vice Pres., Chrm. Fin. Com., Dir.

Hartford Live Stock Ins. Co--

Thomson, James L., Vice Pres., Dir.

Hartford Steam Boiler Inspection & Ins. Co.--.

Thomson, James L., Dir.

Insurance Co. of North America..

Cheston, Charles S., Dir.

Mercantile Ins. Co. of America___.

Lamont, Thomas S., Dir.

J. P. Morgan & Co. Inc..

Alexander, Henry C., Exec. Vice Pres.-Dir.

Anderson, Arthur M., Chrm. Exec. Com.-Dir.

Atkin, I. C. R., Vice Pres.-Dir.

Cabot, Paul C., Dir.

Carter, Bernard S., Dir.

Cheston, Charles S., Dir.

Collyer, John L., Dir.

Cragin, Stuart W., Vice Pres.

Davison, H. P., Vice Pres.-Dir.

Dickey, Charles D., Vice Pres.-Dir.

Du Bois, J. Delafield, Secy.

Foote, Alfred S., Vice Pres.
Gallagher, Ralph W., Dir.

Haskins, Lathrop S., Vice Pres.

Hinton, Longstreet, Vice Pres.-Trust Officer.

Jay, N. D., Dir.

Josephs, Devereux C., Dir.

Keys, L. A., Vice Pres.

Lamont, Thomas S., Vice Pres.-Dir.

Lanier, Sidney, Vice Pres.

Leffingwell, Russell C., Chrm, Brd.-Dir.

McElroy, David B., Vice Pres.

Metzman, Gustav, Dir.

Meyer, Jr., John M., Vice Pres.

Morgan, Junius S., Vice Pres.-Dir.

Rodd, Thomas, Treas.

Sloan, Alfred P., Dir.

Thomson, James L., Dir.

Wasson, R. Gordon, Vice Pres.

West, Hartland S., Vice-Pres.-Compt.

Whitney, George, Pres.-Dir.-Mem. Exec. Comm.

Zinsser, John S., Dir.

New York Life Ins. Co.-.

Dickey, Charles D., Dir.

Josephs, Devereux C., Pres.-Dir.

179, 574, 257

231, 229, 127

3, 436, 562

27, 243, 992

237, 707, 089

10, 263, 379

618, 648, 847

4, 448, 369, 759

II. BANKS AND INSURANCE Continued

Company Name of officer or director-position held-Con. Consolidated gross assets

New York Underwriters Ins. Co-‒‒‒‒

Thomson, James L., Vice Pres.-Dir.

Philadelphia National Bank_.

Cheston, Charles S., Dir.

Provident Mutual Life Ins. Co---
Cheston, Charles S., Dir.

Seaboard Surety Co---

Du Bois, J. Delafield, Dir. State Street Investment Corp. Cabot, Paul C., Pres.-Dir. Twin City Fire Ins. Co‒‒‒‒‒. Thomson, James L., Dir. United States Guarantee Co--.

Anderson, Arthur M., Dir.

Western Savings Fund Society of Phila.

Cheston, Charles D., Mem. Board of Managers.
Dickey, Charles D., Mem. Board of Managers.
Zinsser, John S., Trustee.

Total (Banks and Insurance)

Total Assets (Rails and Industrials and Banks and
Insurance).

$14, 186, 345

724, 269, 495

594, 873, 013

10, 818, 020

63, 662, 956

2,604, 468

32, 872, 864

195, 448, 000

8, 374, 858, 811

25, 656, 319, 065

EXHIBIT S-203

THE PARTNERS OF MORGAN STANLEY & CO.

There are 16 partners of Morgan Stanley & Co., 2 Wall Street, New York. These 16 partners have very few outside affiliations, which connections will be shown below for each of the partners. The data were taken from the Security Dealers of North America, 1950, and Poor's Register of Directors and Executives, 1950.

Emerson, Sumner B.:

Rutgers University.

Morgan Stanley & Co..

Ewing, William:

American Can Co___.

American Viscose Corp.

J. I. Case Co...-

Chemstrand Corp-

Morgan Stanley & Co--

Hall, Perry E.: Morgan Stanley & Co---.
Hall, Herbert S.: Morgan Stanley & Co..
Jones, Allen Northey: Morgan Stanley & Co---.
Morgan, Henry S.: Morgan Stanley & Co‒‒‒‒‒
Payne, Samuel B.: Morgan Stanley & Co‒‒‒‒
Schoales, Dudley N.: Morgan Stanley & Co_.
Simonson, Cortelyou L.: Morgan Stanley & Co-.
Shriver, Alfred: Morgan Stanley & Co----
Stanley, Clarence:

Morgan Stanley & Co---

Brazilian Traction, Light & Power Co., Ltd---
Berkshire School, Sheffield, Mass--
Stanley, Harold: Morgan Stanley & Co----
Ward, Francis T.:

Trustee.

Partner.

Director.

Do.

Do.

Do.

Limited partner.

Partner.

Do.

Do.

Do.

Do.

Do.

Do.

Do.

Do.

Director.

President, board of trustees.
Partner.

Director.

Partner.

Do.

Do.

Do

EXHIBIT S-204

Directors of United States Steel Corp. during 20 years next preceding above date [NOTES.-With respect to present directors, the number of shares are those beneficially owned based upon information furnished the secretary by such directors during 1950. With respect to former directors, the number of shares are the largest number held of record by them during the periods in which they were directors. These record holdings of common stock have been adjusted to the 3-for-1 split (that is, multiplied by 3).]

100

3,051

14,683

303

753

1,000

303

4,062

1903

B. FORMER DIRECTORS Baker, George F.

General counsel, United States
Steel Corp., New York,
N. Y.

President, the First National
Bank of the City of New
York, New York, N. Y.
Chairman, board of directors,
United States Steel Corp.,
New York, N. Y.
Chairman, board of directors,
Farm and Ranch Publish.
ing Co., New York, N. Y.
Chairman of board and presi-
dent, the International
Nickel Co. of Canada, Ltd.,
New York, N. Y.
Formerly, chairman board of
directors, United States
Steel Corp., New York,
N. Y.

Chairman of finance commit-
tee, United States Steel
Corp., New York, N. Y.

Sept. 26, 1905 May 2, 1931 Formerly chairman of board,

Baker, George F., Jr.... Apr. 17, 1922
Buffington, Eugene J..........do.......

the First National Bank of
the City of New York, New
York, N. Y.

100

States Steel Corp., New
York, N. Y.

Jan. 31, 1911 Mar. 28, 1943 Formerly president, United

Farrell, James A..

See footnote at end of table, p. 485.