Investigation of the Naval Defense Program: Hearings Before the Committee on Naval Affairs, House of Representatives, Seventy-seventh Congress, Second Session, Pursuant to H. Res. 162, a Resolution Authorizing and Directing an Investigation of the Naval Defense Program, Volumes 1-6U.S. Government Printing Office, 1942 - National security |
From inside the book
Results 1-5 of 100
Page 2
... profit realized on a particular contract . American Machine & Foundry Co. , New York ; the percentage of profit based on cost was 44.4 percent . Bantam Bearings Corporation , Indiana , 39 percent profit . Bearings Co. of America ...
... profit realized on a particular contract . American Machine & Foundry Co. , New York ; the percentage of profit based on cost was 44.4 percent . Bantam Bearings Corporation , Indiana , 39 percent profit . Bearings Co. of America ...
Page 5
... profits ranging from 10 to 20 , 20 to 30 , 30 to 40 , 40 to 50 , and 50 or more percent profit on the cost of the contracts . The four individual cases referred to in the report that showed the highest profit on particular contracts ...
... profits ranging from 10 to 20 , 20 to 30 , 30 to 40 , 40 to 50 , and 50 or more percent profit on the cost of the contracts . The four individual cases referred to in the report that showed the highest profit on particular contracts ...
Page 6
... profit was earned are received in evidence , marked " Exhibit No. 7 , " and are printed in the appendix of this volume . ) In connection with the decision of the Supreme Court on the ques- tion of profits , the Bethlehem Shipbuilding ...
... profit was earned are received in evidence , marked " Exhibit No. 7 , " and are printed in the appendix of this volume . ) In connection with the decision of the Supreme Court on the ques- tion of profits , the Bethlehem Shipbuilding ...
Page 7
... profits of approximately 10 percent on these contracts . A Navy audit has shown that the profits actually were 100 percent on the cost of the contracts , on the basis of disallowing various expenses and charges made by that company ...
... profits of approximately 10 percent on these contracts . A Navy audit has shown that the profits actually were 100 percent on the cost of the contracts , on the basis of disallowing various expenses and charges made by that company ...
Page 46
... profit . We can do with that profit what we please the company can . The CHAIRMAN . What profit do you seek to make ? Mr. LAKE . Our legitimate profit . The CHAIRMAN . What do you term a legitimate profit ? Mr. LAKE . Twelve percent ...
... profit . We can do with that profit what we please the company can . The CHAIRMAN . What profit do you seek to make ? Mr. LAKE . Our legitimate profit . The CHAIRMAN . What do you term a legitimate profit ? Mr. LAKE . Twelve percent ...
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Common terms and phrases
ACTING CHAIRMAN Admiral DuBOSE agreement aircraft American Ship amount approval BALDRIDGE bank BEAL Bendix Aviation Corporation bidder bonus bonuses building CALLANAN Captain HANSON carburetors COLE Commander WEYERBACHER committee contract contractor copy cost Cramp Shipbuilding Co Cramp Shipbuilding Company dated December DEWEES director Eclipse Aviation electrical emergency plant employees Engineering estimate evidence and marked fact filed going Government Harriman investigation Jack & Heintz JAEGER AVIATION Kindelberger LAKE letter license Lieutenant BISHOP Lieutenant DAVIDSON MAAS manufacture MARCUS marked Exhibit MASTERSON material memorandum ment Merchant-Sterling Miss BOWMAN Navy Department October paid patents payment percent Philadelphia plant profit purchase orders question RAINEY received in evidence record RIPLEY Robert Bosch Rohleder Rohleder's salary SOLEX starter statement stationery subcontractor submitted supervisor tion TOLAND interposing United vice president Westinghouse witness Wright Field YOXTHEIMER ZENITH ZENITH CARBURETTER
Popular passages
Page 311 - ... instrument; that he knows the seal of said corporation; that the seal affixed to said instrument is such corporate seal; that it was so affixed by order of the board of directors of said corporation, and that he signed his name thereto by like order.
Page 132 - Secretary of the corporation named as contractor herein; that who signed this contract on behalf of the contractor, was then of said corporation; that said contract was duly signed for and in behalf of said corporation by authority of its governing body, and is within the scope of its corporate powers.
Page 1 - States, whether the House is in session, has recessed, or has adjourned, to hold such hearings, and to require by subpena or otherwise the attendance and testimony of such witnesses and the production of such books, records, correspondence...
Page 188 - ... (1) for offenses involving the defrauding or attempting to defraud the United States or any agency thereof, whether by conspiracy...
Page 295 - In witness whereof the parties hereto have caused these presents to be executed by their proper officers thereunto duly authorized and their corporate seals to be hereunto affixed, as of the day and year first above written.
Page 376 - An Act to provide more effectively for the national defense by increasing the efficiency of the Air Corps of the Army of the United States, and for other purposes.
Page 379 - Income taxable year, such net loss or deficiency In profit shall be allowed as a credit In determining the excess profit. If any, during the next succeeding four Income taxable years, and that the method of ascertaining the amount of excess profit, Initially fixed upon shall be determined on or before June 30, 1939": Provided further, That when aircraft are procured by the Secretary of War as a result of competitive bids requiring the submission of sample aircraft with bid, the Secretary is authorized,...
Page 177 - The National Board shall refuse to take cognizance of a controversy between employer and workers in any field of industrial or other activity where there is by agreement or Federal law a means of settlement which has not been invoked.
Page 379 - Provided, That if there is a net loss on all such contracts or subcontracts completed by the particular contractor or subcontractor within any income taxable year, such net loss shall be allowed as a credit in determining the excess profit, if any, for the next succeeding income taxable year...
Page 6 - To meet this recurrent evil, Congress has at times taken various measures. It has authorized price fixing. It has placed a fixed limit on profits, or has recaptured high profits through taxation. It has expressly reserved for the Government the right...