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Printed for the use of the Committee on Banking and Currency

HEARINGS

BEFORE THE

SUBCOMMITTEE ON HOUSING

OF THE

COMMITTEE ON BANKING AND CURRENCY

HOUSE OF REPRESENTATIVES

EIGHTY-FIFTH CONGRESS

SECOND SESSION

JULY 7, 8, 9, 10, 11, 14, 15, 16, 17, AND 18, 1958

l'rinted for the use of the Committee on Banking and Currency

UNITED STATES

GOVERNMENT PRINTING OFFICE

WASHINGTON : 1958

73 3675T XL2

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09/92 53-005-00

COMMITTEE ON BANKING AND CURRENCY

BRENT SPENCE, Kentucky, Chairman PAUL BROWN, Georgia

HENRY 0. TALLE, Iowa WRIGHT PATMAN, Texas

CLARENCE E. KILBURN, New York ALBERT RAINS, Alabama

GORDON L. McDONOUGH, California ABRAHAM J. MULTER, New York

WILLIAM B. WIDNALL, New Jersey HUGH J. ADDONIZIO, New Jersey

JACKSON E. BETTS, Ohio WILLIAM A. BARRETT, Pennsylvania WALTER M. MUMMA, Pennsylvania LEONOR K. SULLIVAN, Missouri

WILLIAM E. MCVEY, Illinois HENRY S. REUSS, Wisconsin

EDGAR W. HIESTAND, California MARTHA W. GRIFFITHS, Michigan PERKINS BASS, New Hampshire THOMAS L. ASHLEY, Ohio

HORACE SEELY-BROWN, JR., Connecticut CHARLES A. VANIK, Ohio

EUGENE SILER, Kentucky JAMES C. HEALEY, New York

JOHN E. HENDERSON, Ohio J. T. RUTHERFORD, Texas

CHARLES E. CHAMBERLAIN, Michigan
MERWIN COAD, Iowa
LEROY H. ANDERSON, Montana
J. FLOYD BREEDING, Kansas

ROBERT L. CARDON, Clerk and General Counsel
John E. BARRIERE, Majority Staff Member
ORMAN S. FINK, Minority Staff Member

ROBERT R. POSTON, Counsel

SUBCOMMITTEE ON Housing

ALBERT RAINS, Alabama, Chairman
HCGH J. ADDONIZIO, New Jersey HENRY 0. TALLE, Iowa
WILLIAM A. BARRETT, Pennsylvania GORDON L. MCDONOUGH, California
LEONOR K. SULLIVAN, Missouri

WILLIAM B. WIDNALL, New Jersey
THOMAS L. ASHLEY, Ohio

JACKSON E. BETTS, Ohio
JOHN E. BARRIERE, Staff Director
JOHN J. MCEWAN, Jr., Housing Economist
ORMAN S. FINK, Minority Staff Member

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CONTENTS

Statement of-

Anderson, Hurst R., president, the American University, Washington,

D. C., representing the American Council on Education, American

Association of Land-Grant Colleges & State Universities, Association

for Higher Education, National Education Association, Association Page

of American Colleges, and State Universities Association ---- 153, 157

Arrington, John H., Family Housing Division, Office of the Assistant

Secretary of Defense.

644

Baldwin, Hon. John J., Jr., a Representative in Congress from the

State of California -

393

Bartlett, Hon. E. L., Delegate to Congress from the Territory of

Alaska..

116

Baughman, J. Stanley, President, Federal National Mortgage Associa-

tion.

17

Bent, James E., chairman, legislation committee, National League of

Insured Savings Associations; accompanied by Harold P. Braman,

managing director..

207

Boyd, Roland, general counsel, Wherry Housing Association; accom-

panied by Hubb Hill, president; Hamilton Shields, vice president;

George Leonard, vice president; and Charles Knott, secretary-

treasurer.

540, 545

Breeding, Hon. J. Floyd, a Representative in Congress from the State

of Kansas

359

Brown, R. Manning, Jr., accompanied by Ehney A. Camp, Jr., and

Dr. James J. O'Leary, on behalf of American Life Convention and

Life Insurance Association of America.

263

Bubb, Henry A., chairman, legislative committee, United States

Savings & Loan League; accompanied by T. Bert King, Washington
counsel; and Stephen Slipher, staff vice president.

167
Carter, Robert E., representing National Retail Furniture Association;
accompanied by Derek Brooks.

551

Campbell, Wallace J., director, Washington office, Cooperative League

of the U.S. A.---

316, 325

Celebrezze, Hon. Anthony J., mayor, Cleveland, Ohio, representing

the American Municipal Association; accompanied by James M.
Lister, director of Urban Renewal and Housing, Cleveland, Ohio..

142

Cole, Hon. Albert M., Administrator, Housing and Home Finance

Agency -

1

Curtis, Ho Thomas B., a Representative in Congress from the State

of Missouri.

387

Dwyer, Hon. Florence P., a Representative in Congress from the

State of New Jersey -

663

Gill, Walter J., National Association of Real Estate Boards. 524, 529

Hagen, Hon. Harlan, a Representative in Congress from the State of

California

383

Hamilton, Dr. T. Stewart, vice chairman, Council on Professional

Practice, the American Hospital Association.

276

Hazeltine, John C., Commissioner, Community Facilities Adminis-

tration

41

Held, Harry, vice president, Bowery Savings Bank, New York, N. Y.,

representing the National Association of Mutual Savings Banks.--

251

Hemphill, Hon. Robert W., a Representative in Congress from the

State of South Carolina

376

Hollander, Edward D., national director, Americans For Democratic

Action

567

Knox, Peter S., Jr., cochairman, legislative committee, Home Manu-
facturers Association -

173, 481

Lesinski, Hon. John, a Representative in Congress from the State of

Michigan

121

Long, John F., president, Cooperative Housing Builders of America - 665
McLain, George, president, National Institute of Social Welfare - 233

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