Mr. CRAWFORD. In going back to this Federal Reserve recommendation, and specifically the report that came out last December 31, published, I think, about January 1: Would you go so far as to say that the over-all credit control therein recommended by the Board, of the Advisory Council, and the president of the 12 banks is a necessary step for us to take in connection with inflationary control? Mr. HENDERSON. No. Mr. CRAWFORD. You would not go that far? Mr. HENDERSON. No. Mr. CRAWFORD. Do you want to comment on it? Mr. HENDERSON. Do you want to question me on it? Mr. HENDERSON. This is the first time, may I say, that I have been really embarrassed. I will give you a direct answer if you want me to. I would leave out the recommendation that certain powers be taken away from the Executive and be put elsewhere. Is that a satisfactory answer? Mr. CRAWFORD. I think that covers it clearly, and I do not want to embarrass you and I hope nobody will hold anything against you Mr. HENDERSON. As Price Administrator naturally one is subjected to embarrassment frequently. Mr. CRAWFORD. You have already clearly demonstrated to me that this is an approach which will have to be made from many angles, and I think the other departments of the Government should bear with you when stating to the committees your opinion on these matters, so far as they represent Government matters which are strictly executive, and on some of which I believe the Congress has already acted. Mr. HENDERSON. Yes; about a month ago. Mr. CRAWFORD. You feel that these are not to be included in the move toward inflationary control? Mr. HENDERSON. May I put it this way: Mr. Wolcott, in his examination, took me down the line and I expressed a definite opinion on each of them. And I might say, Mr. Crawford, that I have not yet gotten in much trouble from my frank comments on the policies of other departments. They have been very nice. The CHAIRMAN. Mr. Crawford has an important engagement before a Senate hearing. The House is finishing the general debate on the draft of the bill now pending and will be ready to take up the measure in a few minutes, and for that reason we will adjourn this hearing until 10 o'clock tomorrow. Mr. HENDERSON. Mr. Chairman, may I introduce in the record at this time the complete list of personnel in O. P. A. C. S., with names, titles and salaries, of those earning $4,000 per annum or more,1 as requested yesterday? The CHAIRMAN. Without objection it will be made a part of the record. 1 Table 18. TABLE 18.-Complete list of Office of Price Administration and Civilian Supply personnel earning $4,000 per annum or more Dinegar, Henry A. Eisenhart, John H., Jr. Galbraith, J. Kenneth. Gilbert, Richard V Ginsburg, C. David. Gordon, Joseph Granger, Clifford E. Hammersley, William S. Hoisington, Frederick R. Lacy, William S. B. Leva, Marx. Senior attorney. Principal economic analyst. Special assistant. Chief, Commodity Uses and Consump officer. Administrative officer. Director, Price Section and executive Principal economic analyst. CAF-11. 4,200 CAF-14. 7,500 P-6. 5,600 Senior regional representative. CAF-12. 4,600 Head consultant. P-7. 6,500 Chief of Rent Section. Chief business specialist. Senior business specialist. Principal specialist in consumer education. CAF-13. 5,600 CAF-12. 5,200 Advisor on prices.. Principal attorney Business economist. Senior field representative. TABLE 18.-Complete list of Office of Price Administration and Civilian Supply personnel earning $4,000 per annum or more-Continued Name Title Grade Salary Ostrander, F. Taylor, Jr. Leventhal, Harold.. Manuel, Frank E. McCormick, Edward T. Mead, Joseph.. Murray, Barton W Patterson, John H. Perkins, James A. Perlo, Victor. Ralls, Frank C. Southworth, Constant. Sumner, John D. Van Deusen, Donald H. TABLE 18.-Complete list of Office of Price Administration and Civilian Supply personnel earning $4,000 per annum or more-Continued Leck, Arthur... Lewis, Ben. Longman, Donald Rufus. Phillips, Charles F. Name Name and grade: Ayres, Ruth W., P-7-- Edelman, John, P-6 Grade: P-4. P-3 P-2. P-1. CAF-11. CAF-9 CAF-7 CAF-6 CAF-5 $20.83 15. 55 20.83 18.05 Foster, Alden W., P-5---- 22.22 25.00 25.00 22.22 15.55 15.55 12.77 15. 55 25.00 22.22 Title Salary Name and Grade-Continued. Salary McCabe, David A., P-8‒‒‒‒‒ 22.22 10.55 22.22 18.05 25.00 McGraw, Dr. Booker, P-5_ $13.88 15.55 20.83 22.22 13.88 CAF-15. Grade P-6..... P-7. CAF-13. CAF-12. TABLE 19.-Employees of Office of Price Administration and Civilian Supply below $4,000 through August 15 pay roll P-5.. P-7. CAF-13. P-7. P-6. Thomas, J. Elmer, P-6_____ Wilson, G. Lloyd, P-8_. Total. Salary 5,600 7,500 5,600 4,600 4,600 7,500 5,600 6,500 5,800 5,600 25.00 15.55 15.55 18.05 10.55 23. 61 Number 51 123 200 12 582 (Whereupon an adjournment was taken until 10 a. m., of the follow ing day, Wednesday, August 13, 1941.) PRICE-CONTROL BILL WEDNESDAY, AUGUST 13, 1941 HOUSE OF REPRESENTATIVES, COMMITTEE ON BANKING AND CURRENCY, Washington, D. C. The committee met at 10:15 a. m., Hon. Henry B. Steagall (chairman) presiding. Members present were as follows: Messrs. Steagall, Williams, Spence, Ford, Brown, Patman, Barry, Sacks, Mills, Monroney, Lynch, Boggs, Hull, Wolcott, Crawford, Kean, Miss Sumner, Messrs. Smith, Kunkel, Rolph, and Dewey. The CHAIRMAN. The committee will come to order. Mr. Henderson, the committee will be glad to have you resume your discussion of this bill. Mr. Crawford desires to interrogate you further. STATEMENTS OF LEON HENDERSON (Resumed) AND JOSHUA BERNHARDT, CHIEF, SUGAR DIVISION, AGRICULTURAL ADJUSTMENT ADMINISTRATION Mr. CRAWFORD. Mr. Chairman, would it be permissible to insert in the record at this point an address made by Claude R. Wickard, Secretary of Agriculture, at Athens, Ga., on August 12, at 11:30 o'clock eastern standard time, in which the Secretary has much to say about the question of inflation and parity prices and some other matters? The CHAIRMAN. I am sure there would be no objection to it, if you wish to insert it. It will be incorporated in the record. (The matter above referred to is as follows:) UNITED STATES DEPARTMENT OF AGRICULTURE Washington, D. C. [For August 12, 1941, p. m. papers.] LET'S KEEP PARITY Address by Claude R. Wickard, Secretary of Agriculture, at Athens, Ga., over the National Farm and Home Hour, Tuesday, August 12, 1941, at 11:30 eastern standard time I consider it a privilege to be presented to a Georgia audience by such an able representative of a great State as your junior Senator, Dick Russell. Senator Russell understands farm problems and he has a real and deep sympathy for farmers. Senator Russell and other Georgia legislators helped to make possible the magna carta of agriculture-the first Agricultural Adjustment Act-and the later legislation upon which the national farm programs have been built. |