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HAROLD D. COOLEY, North Carolina, Chairman

W. R. POAGE, Texas, Vice Chairman E. C. GATHINGS, Arkansas

PAUL B. DAGUE, Pennsylvania JOHN L. MCMILLAN, South Carolina PAGE BELCHER, Oklahoma THOMAS G. ABERNETHY, Mississippi CHARLES M. TEAGUE, California WATKINS M. ABBITT, Virginia

ALBERT H. QUIE, Minnesota PAUL C. JONES, Missouri

MRS. CATHERINE MAY, Washington HARLAN HAGEN, California

RALPH HARVEY, Indiana FRANK A. STUBBLEFIELD, Kentucky PAUL FINDLEY, Illinois GRAHAM PURCELL, Texas

ROBERT DOLE, Kansas JAMES H. MORRISON, Louisiana

LAURENCE J. BURTON, Utah ALEC G. OLSON, Minnesota

PRENTISS WALKER, Mississippi
SPARK M. MATSUNAGA, Hawaii

GEORGE V. HANSEN, Idaho
MASTON O'NEAL, Georgia
THOMAS S. FOLEY, Washington

RESIDENT COMMISSIONER
JOSEPH Y. RESNICK, New York

SANTIAGO POLANCO-ABREU, Puerto Rico LYNN E. STALBAUM, Wisconsin ELIGIO DE LA GARZA, Texas JOSEPH P. VIGORITO, Pennsylvania JOHN C. MACKIE, Michigan ROLLAND REDLIN, North Dakota BERT BANDSTRA, Iowa STANLEY L. GREIGG, Iowa CLAIR A. CALLAN, Nebraska

Mrs. CHRISTINE S. GALLAGHER, Clerk

HYDE H. MURRAY, A8sistant Clerk
JOHN J. HEIMBURGER, General Counsel
FRANCIS M. LEMAY, Staff Consultant

II

VTENTS

1

H.R. 14837, a b

Rural Electrification Act of 1936, as amended, to provide auditional sources of financing for the rural electric Page fication and rural telephone programs, and for other purposes-

1 H.R. 14000, a bill to amend the Rural Electrification Act of 1936, as

amended, to establish REA electrification and telephone loan accounts and Federal banks for rural electric and rural telephone systems to provide supplemental financing for the rural electrification and rural telephone programs, and for other purposes...

12 Statement of

Alabama Power Co., Birmingham, Ala., by Walter Bouldin, presi-
dent..

439 Allegheny Power System, Inc., by J. Lee Rice, Jr., president.

702 American Farm Bureau Federation, by Charles B. Shuman, president. 334 Anderson, Jerry L., acting general manager, National Rural Electric Cooperative Association..

79, 744 Andrus, Gerald L., president, Middle South Utilities, Inc.

681 Arkansas Power & Light Co., by Reeves Ritchie, president.

592 Armfield, Henry M., Asheboro, N.C..

158 Asheim, Robert G., vice president, Black Hills Power & Light Co., Rapid City, S. Dak.

704 Association of Illinois Electric Cooperatives, by Thomas H. Moore, general manager--

523 Association of Louisiana Electric Cooperatives, Inc., by Mark H. Bonner, Jr...

166 Basin Electric Cooperative, Bismarck, N. Dak., by Arthur Jones, president..

289 Bass, James L., general counsel, National Telephone Cooperative Association.

353 Battin, Hon. James F., a Representative in Congress from the State of Montana.

656 Bernoski, Walter, business manager, local 880, International Brotherhood of Electrical Workers, Sioux City, Iowa.

278 Birk, Joseph, attorney for Union Electric Co., St. Louis, Mo..... 380 Black Hills Power & Light Co., Rapid City, $. Dak., by Robert G. Asheim, vice president..

704 Blanchar, Carroll H., president, Public Service Co. of Indiana, Inc.. 595 Bonner, Mark H., Jr., for the Association of Louisiana Électric

Cooperatives, Inc., and Louisiana Electric Cooperative, Inc.--- 166
Borneman, Alfred E., vice president, Kidder, Peabody & Co., Inc.,
New York, N.Y..

683
Bouldin, Walter, president, Alabama Power Co., Birmingham, Ala.. 439
Bowers, J. Wiley, executive director, Tennessee Valley Public Power
Association.

165 Branan, Herbert L., vice president, Oklahoma Gas & Electric Co., Oklahoma City, Okla.

519 Branch, Harllee, Jr., president, the Southern Co., Atlanta, Ga... 372 Broussard, D. L., vice president, Utah Power & Light Co.

628 Brown, J. C., Jr., executive manager, Tarheel Electric Membership Association, Raleigh, N.C.-

159 Campbell, Birum G., vice president, Consumers Power Co., Jackson, Mich.

558 Carolina Power & Light Co., Raleigh, N.C., by Shearon Harris, president.

258 Carpenter, L. C., vice president, Midcontinent Farmers Association, Columbia, Mo.-

161

>

Statement of-Continued
Cejka, R. R., president, board of directors, Corn Belt Power Co-

Page
operative, Humboldt, Iowa--

575

Central Electric Membership Corp., Sanford, N.C., by L. Reid

Harris, manager--

179

Central Illinois Public Service Co., by M. S. Luth ringer, president.-- 471

Central Kansas Power Co., by Stanley Garrity..

384

Central Vermont Public Service Corp., Rutland, Vt., by Albert A.

Cree, chairman...

708

Chamber of Commerce of the United States, by John J. Meehan. 706
Clapp, Norman M., Administrator, Rural Electrification Adminis-
tration.

73, 476, 501, 751
Clapp, William J., chief executive officer, Florida Power Corp. -

390

Clapp, William J., vice president, Edison Electric Institute.

392

Colorado Rural Electric Association, by E. A. Geesen, president.. 109

Co-Mo Electric Cooperative, Inc., by Jack H. Needy, manager.

107

Connley, James M., business manager, local 1248, International

Brotherhood of Electrical Workers...

276

Consumers Power Co., Jackson, Mich., by Birum G. Campbell, vice

president.---

558

Cooperative League of the United States of America by Jerry Voorhis,

executive director..

184

Corette, J. E., president, Montana Power Co., Butte, Mont.

398

Corn Belt Power Cooperative, Humboldt, Iowa, by R. R. Cejka
president, board of directors...

575
Council of State Chambers of Commerce, by Eugene F. Rinta, execu-
tive director...

693
Cree, Albert A., chairman, Central Vermont Public Service Corp.,
Rutland, Vt.

708

Crowley, Francis A., business manager, local 44, International Brother-

hood of Electrical Workers, Butte, Mont.

341

Cummins, Howard A., executive manager, Ohio Rural Electric Coopera-
tives, Inc.-

523
Dairlyand Power Cooperative, La Crosse, Wis., by John P. Madgett,
general manger--

654

Dayton Power & Light Co., by J. M. Stuart, chairman and president.. 709

Dechant, Tony, president, National Farmers Union..

303

Doermer, John, president, local No. 2, United Association of Office,

Sales & Technical Employees, Milwaukee, Wis.--

467

Dougherty, Charles J., president, Union Electric Co., St. Louis, Mo.- 381

Dudley, J. T., manager, Singing River Electric Power Association

and South Mississippi Electric Power Association.--

521

Duncan, William A., president, Kentucky Utilities Co., Inc., Lexing-
ton, Ky

621
Eaton, Harold W., manager, Morgan County Rural Electric Mem-
bership Corp., Martinsville, Ind. --

104
Edison Electric Institute by:
William J. Clapp, vice president--

392
Robert T. Patterson, president.

202
Electric Power Associations of Mississippi.-

163

Ellis, Clyde T., general manger, National Rural Electric Cooperative

Association, Washington, D.C..

101

Ewald, Earl,' president, Northern States Power Co., Minneapolis,

Minn.

573

Farmers' Electric Cooperative, Chillicothe, Mo., by Ernest C. Wood,

manager-

105

Fisher, Beeman, chairman of the board, Texas Electric Service Co.,
Fort Worth, Tex---

736
Florida Power Corp., by William J. Clapp, chief executive officer-- 390
Ford, Frederick W., president, National Community Television As-
sociation, Inc., Washington, D.C..

699

Forsberg, Carl J., chairman of the board, Wisconsin Power & Light

Co., Madison, Wis.

670

Freeman, Hon. Orville L., Secretary of Agriculture-

31

Fullarton, David C., executive manager, National Telephone Coop-
erative Association..

343

Statement of_Continued

Garrity, Stanley, for Kansas Gas & Electric Co., Kansas Power &

Light Co., Central Kansas Power Co., and Western Power & Gas Page

Co., Inc.

384

Geesen, E. A., president, Colorado Rural Electric Association.

109

Georgia Electric Membership Corp., Millen, Ga., by Walter Harrison,

general manager--

180

Georgia Power Co., Atlanta, Ga., by Edwin I. Hatch, president-

386

Gibson, George D., general counsel, Virginia Electric & Power Co... 311

Graham, Harry L., legislative representative, National Grange.-- 182

Graham Production Credit Association, Bennett, N.C., by Seawall,

Eli.

158

Gruhl, Alfred, president, Wisconsin Electric Power Co., Milwaukee,

Wis...

433

Gulf Power Co., Pensacola, Fla., by C. A. Lilly, Jr., president--- 533
Guthmann, Harry G., emeritus professor of finance, Northwestern
University School of Business..

527
Hanson, R. K., manager, Sun River Electric Cooperative, Fairfield,
Mont..

426
Harmon, Eugene J., director, USITA-REA telephone program,
United States Independent Telephone Association.

354

Harris, L. Reid, manager, Central Electric Membership Corp., San-

ford, N.C..

179

Harris, Shearon, president, Carolina Power & Light Co., Raleigh, N.C. 258

Harrison, David, general counsel, Missouri Power & Light Co.-

382

Harrison, Walter, general manager, Georgia Electric Membership

Corp., Millen, Ga..

180

Hartl, Albert V., president, Otter Tail Power Co., Fergus Falls, Minn. 574
Hatch, Edwin I., president, Georgia Power Co., Atlanta, Ga-----

386
Hauffe, A. C., president, South Dakota Rural Electric Association -- 109
Hedquist, R. A., business manager, local 57, International Brother-
hood of Electrical Workers, Salt Lake City, Utah.--

339

Herriott, Virgil H., general manager, Sioux Valley Empire Electric

Association, Colman, S. Dak...

286

Hoff, Hon. Philip H., Governor of the State of Vermont-

177

Horton, Jack K., president, Southern California Edison Co.

459

Hundley, J. C., executive manager, Tennessee Rural Electric Coopera-
tive Association...

108

Husted, Ralph W., vice president, Indianapolis Power & Light Co.-- 619

Idaho Cooperative Utilities Association, Inc.-

498

Indiana Statewide Rural Electric Cooperative, Inc., by A. D. Mueller,
executive vice president..

111

Indianapolis Power & Light Co., by Ralph W. Husted, vice president. 619

International Brotherhood Of Electrical Workers:

Local 44, Butte, Mont., by Francis A. Crowley, business manager. 341

Local 57, Salt Lake City, Utah, by R. A. Hedquist, business

manager.

339

Local 109, Davenport, Iowa, by Earl Lantau, business manager. 275

Local 880, Sioux City, Iowa, by Walter Bernoski, business

manager.

278

Local 1248, by James M. Connley, business manager.

276
St. Louis, Mo., by Gene Roedder.-

342

Investors League, Inc., by William Jackman, president..

720

Iowa-Illinois Gas & Electric Co., Davenport, Iowa, by William B.

Waterman, vice president---

664

Jackman, William, president, Investors League, Inc.--

720

Jamieson, Arthur, New York State Rural Electric Cooperative

Association.-

189

Johnson, Hon. Harold T., a Representative in Congress from the
State of California.-

175
Jones, Arthur, president, Basin Electric Cooperative, Bismarck,
N. Dak..

289
Kansas Electric Cooperatives, by Gene W. Porter, president-

469
Kansas Gas & Electric Co., by Stanley Garrity --

384
Kansas Power & Light Co., by Stanley Garrity-

384
Katzin, Jerome S., partner, Kuhn, Loeb & Co., New York, N.Y.--- 97, 137
Statement of—Continued

Kennedy, D. S., president, Oklahoma Gas & Electric Co., Oklahoma Page
City, Okla.

519

Kentucky Rural Electric Cooperative Corp., by J. K. Smith, general

manager.-

155

Kentucky Utilities Co., Inc., Lexington, Ky., by William A. Duncan,

president..

621

Kidder, Peabody & Co., New York, N.Y., by Alfred E. Borneman,

vice president..

683

Kreutzer, Arthur C., executive vice president, National LP-Gas

Association..

633

Kuhn, Loeb & Co., New York, N.Y., by Jerome S. Katzin, partner. 97, 137

Lantau, Earl, business manager, local 109, International Brotherhood

of Electrical Workers, Davenport, Iowa -

275

Lilly, C. A., Jr., president, Gulf Power Co., Pensacola, Fla.

533

Louisiana Electric Cooperative, Inc., by:

Mark H. Bonner, Jr..

166

Charles E. Roemer II, board chairman.

543

Luthringer, M. S., president, Central Illinois Public Service Co--- 471

Lynch, W. W., president, Texas Power & Light Co., Dallas, Tex.- 737

MacDonald, R. G., president, West Penn Power Co..

740

MacInnes, W. C., president, Tampa Electric Co., Tampa, Fla--- 733

Madgett, John P., general manager, Dairyland Power Cooperative,

La Crosse, Wis.

654

McDonald, Angus, director of research, National Farmers Union.--- 303
McLean, John H., assistant vice president, Wisconsin Michigan Power
Co., Appleton, Wis.

434

Meehan, John J., Chamber of Commerce of the United States.

706

Metcalf, Hon. Lee, a U.S. Senator from the State of Montana -

639

Midcontinent Farmers Association, Columbia, Mo., by L. C. Car-

penter, vice president-

161

Middle South Utilities, Inc., by Gerald L. Andrus, president.

681

Mississippi Power & Light Co., Jackson, Miss., by R. Baxter Wilson,

president..

678

Mississippi Power Co., Gulfport, Miss., by A. J. Watson, Jr., presi-

dent

670

Missouri Power & Light Co., by David Harrison, general counsel. 382

Montana Power Co., Butte, Mont., by J. E. Corette, president.

398

Moore, Thomas H., general manager, Association of Illinois Electric

Cooperatives.

523

Morgan County Rural Electric Membership Corp., Martinsville, Inc.,
by Harold W. Eaton, manager.

104
Mueller, A. D., executive vice president, Indiana Statewide Rural
Electric Cooperative, Inc.--

111
National Associated Businessmen, Inc., by:
Francis J. O'Rourke, legislative counsel

527
Robert T. Patterson, economist..

202

National Association of Manufacturers..

723

National Community Television Association, Inc., Washington, D.C.,

by Frederick W. Ford..

699

National Farmers Union, by:

Dechant, Tony, president..

303

McDonald, Angus, director of research.

303

National Grange, by Harry L. Graham, legislative representative--- 182

National LP-Gas Association, by Arthur C. Kreutzer, executive vice

president

633

National REA Telephone Association, by A. Harold Peterson, execu-

tive director..

362

National Rural Electric Cooperative Association, Washington, D.C.,

by:

Jerry L. Anderson, acting general manager.

79, 744

Clyde T. Ellis, general manager.

101

Robert D. Partridge, senior legislative representative.

115

National Telephone Cooperative Association, by:
James L. Bass, general counsel -----

353
David C. Fullarton, executive manager.

343

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