AN ACT TO PROVIDE FOR THE RENEGOTIATION
OF CONTRACTS, AND FOR OTHER PURPOSES

11-6-207

JANUARY 31 AND FEBRUARY 2, 1951

Printed for the use of the Committee on Finance

78955

UNITED STATES
GOVERNMENT PRINTING OFFICE

WASHINGTON: 1951

COMMITTEE ON FINANCE

WALTER F. GEORGE, Georgia, Chairman

TOM CONNALLY, Texas
HARRY FLOOD BYRD, Virginia
EDWIN C. JOHNSON, Colorado
CLYDE R. HOEY, North Carolina
ROBERT S. KERR, Oklahoma
J. ALLEN FREAR, JR., Delaware

EUGENE D. MILLIKIN, Colorado
ROBERT A. TAFT, Ohio
HUGH BUTLER, Nebraska
OWEN BREWSTER, Maine

EDWARD MARTIN, Pennsylvania

JOHN J. WILLIAMS, Delaware

ELIZABETH B. SPRINGER, Chief Clerk

II

H. R. 1724

Statement of—

Alvord, Ellsworth C., chairman, committee on Federal finance,

Camber of Commerce of the United States, Washington, D. C...

Barker, Richard B., Washington, D. C........

1

Caffrey, Charles G., American Cotton Manufacturers Irstitute, Inc.,

Washington, D. Ć...

Disney, Wesley E., Independent Natural Gas Association of America,

Washington, D. C..

Foreman, H. E., managing director, Associated General Contractors of

America..

107

McDonnell, R. P. S., Washington, D. C...

Lawson, W. D., vice president, American Shippers Association, Gas-

tonia, N. C.

57

81

85

Mills, Leslie, chairman, subcommittee on renegotiation committee on

national defense, American Institute of Accountants.

Riggle, John J., assistant secretary, National Council of Farmer Co-

operatives

Roberts, Frank L., Chairman, Military Renegotiation Policy and

Review Board, Office of Secretary of Defense, accompanied by

Sumner Marcus, counsel, Navy Renegotiation Division, Armed

Services Renegotiation Board, and associate counsel to the Military

Renegotaition Policy and Review Board, and Howard W. Fenster-

stock, counsel to the Air Force Division of the Armed Forces Re-

negotiation Board.

Rockwell, Col. Willard F., Rockwell Manufacturing Co., Pittsburgh,

Pa..

Rushlight, W. A., W. A. Rushlight & Co., Portland, Oreg

Schaffner, George, Electric Equipment Representatives Association..

Terborgh, George, research director, Machinery and Allied Products

Institute.

Letters, telegrams, statements, etc., submitted for the record by-
Alvord, Ellsworth C., Chamber of Commerce of the United States:
Outline of recommendations....

American Institute of Accountants, Leslie Mills, chairman, subcommit-

tee on renegotiation, committee on national defense: Statement.

American Mining Congress, Julian D. Conover, secretary, Washing-
ton, D. C.: Statement..

Atlantic Cotton Association, J. M. Gloer, vice president and secre-
tary, Atlanta, Ga.: Letter to Senator George_
Bridgeport Brass Co., Herman W. Steinkrauss, president and chair-
man of the board: Letter to Senator George enclosing exhibits.
Caffrey, Charles G., American Cotton Manufacturers Institute, Inc.,
Washington, D. C.: Amendment to section 403 (I) (3) __ -

Cook, Everett R., Cook & Co., Inc., Memphis, Tenn.: Letter to

Senator McKellar

112

Lake Superior Iron Ore Association, M. D. Harbough, vice president,
Cleveland, Ohio: Statement.

Desvernine, Raoul E., counsel, National Steel Corp., Washington,

D. C.: Letter to Senator George enclosing memorandum concerning

pig-iron exemption and amendments_

127

130

Machinery and Allied Products Institute, George Terborgh, research
director: Statement.

91

Memphis Cotton Exchange, C. L. Patton, president: Telegram to

Senator McKellar..

38

III