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COMMITTEE ON AGRICULTURE
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

HYDD H. MORRAY, Assistant Clerk
JOHN J. HEIMBURGER, General Counsel
FRANCIS M. LEMAY, Staf Consultant

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CONTENTS

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H.R. 14837, a bill to amend the Rural Electrification Act of 1936, as

amended, to provide additional sources of financing for the rural electri- Page

fication and rural telephone programs, and for other purposes.------

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-------

-----------

Statement of -

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

dent...

-------- 439

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

American Farm Bureau Federation, by Charles B. Shuman, president.

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.--

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

of Montana.-------

656

Bernoski, Walter, business manager, local 880, International Brother-

hood of Electrical Workers, Sioux City, Iowa...

278

Birk, Joseph, attorney for Union Electric Co., St. Louis, Mo.-----

Black Hills Power & Light Co., Rapid City, S. Dak., by Robert G.

Asheim, vice president.-----

Public Servic e -

Blanchar, Carroll H., president, Public Service Co. of Indiana, Inc.-

--------

595

Bonner, Mark H., Jr., for the Association of Louisiana Electric

Cooperatives, Inc., and Louisiana Electric Cooperative, Inc.----- 166

Borneman, Alfred E., vice president, Kidder, Peabody & Co., Inc.,

New York, N.Y..

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-----

Branch, Harllee, Jr., president, the Southern Co., Atlanta, Ga.--
Broussard, D. L., vice president, Utah Power & Light Co.
Brown, J. C., Jr., executive manager, Tarheel Electric Membership
Association, Raleigh, N.C. ---

159

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

Mich.--------------- ---

D

558

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

ich NC

president...

258

Carpenter, L. C., vice president, Midcontinent Farmers Association,

Columbia, Mo.--

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161

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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. Luthringer, 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.-

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

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

708
Crowley, Francis A., business manager, local 44, International Brother-

hood of Electrical Workers, Butte, Mont-
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--
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-----
Eaton, Harold W., manager, Morgan County Rural Electric Mem-

bership Corp., Martinsville, Ind. ----

Edison Electric Institute by:

William J. Clapp, vice president.-----

392

Robert T. Patterson, president.-----
Electric Power Associations of Mississippi...
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.,

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.-----
Freeman, Hon. 'Orville L., Secretary of Agriculture.
Fullarton, David C., executive manager, National Telephone Coop-

erative Association.-----

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104

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574

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,

158

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

---

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-
Hanson, R. K., manager, Sun River Electric Cooperative, Fairfield,

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.

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...

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

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...
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.---

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

St. Louis, Mo., by Gene Roedder.
Investors League, Inc., by William Jackman, president
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

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