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H.R. 7424, H. R. 5068, H. R. 3822, H. R. 2741

H. R. 4640, and H. R. 4094

JANUARY 23, 24, 25, 26, 31, FEBRUARY 1, 2, 7, 14, AND 20, 1940

Printed for the use of the Committee on Military Affairs

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ANDREW J. MAY, Kentucky, Chairman R. EWING THOMASON, Texas

WALTER G. ANDREWS, New York DOW W. HARTER, Ohio

DEWEY SHORT, Missouri CHARLES I. FADDIS, Pennsylvania

LESLIE C. ARENDS, Illinois ANDREW EDMISTON, West Virginia

CHARLES R. CLASON, Massachusetts EDWIN M. SCHAEFER, Illinois

ALBERT G. RUTHERFORD, Pennsylvania J. JOSEPH SMITH, Connecticut

J. PARNELL THOMAS, New Jersey MATTHEW J. MERRITT, New. York

PAUL W. SHAFER, Michigan JOHN M. COSTELLO, California

THOMAS E. MARTIN, Iowa C. ARTHUR ANDERSON, Missouri

CHARLES H. ELSTON, Ohio OVERTON BROOKS, Louisiana

FOREST A. HARNESS, Indiana JOHN J. SPARKMAN, Alabama

SAMUEL W. KING, Hawaii
PAUĻ J. KILDAY, Texas

ANTHONY J. DIMOND, Alaska
JOSEPH W. BYRNS, JR., Tennessee
WILLIAM B. BYRON, Maryland

KENNETH ANDERSON, Clerk

TABLE OF CONTENTS

Statement of

Page

Hon. John J. Sparkman, Representative in Congress from the State of

Alabama

8

William C. Fitts, General counsel and secretary, Tennessee Valley

Authority.

9

Hon. Prentice Cooper, Governor of Tennessee.

19

W. D. Hudson, member, Railroad and Public Utilities Commission.- 93

W. H. Fargerson, superintendent of schools, Fannin, Ga.

96

Sam P. Raulston, county attorney; Marion County, Tenn.

101

John W. Lapsley, counsel, State Department of Revenue of Alabama.. 116

William C. Fitts, Jr., general counsel, Tennessee Valley Authority -

196

Harry J. Schaeffer, county attorney, Polk County, Tenn..

231

J. A. Krug, chief power engineer, Tennessee Valley Authority- 253, 281

J. C. Swidler, solicitor, Tennessee Valley Authority -

303

William Butt, county attorney, Fannin County, Blue Ridge, Ga--- 314

Hon. Herron Pearson, Representative in Congress from the State of

Tennessee.

336

E. W. Palmer, vice president, Taxpayers Association, Kingsport,

Tenn.

347

William R. Pouder, executive secretary, Tennessee Taxpayers Asso-

ciation.

366

Further statement of William Butt-

382

E D. Austin, county judge, White County, Tenn.

382

Grover C. Ault, chairman of the county commission, Bledsoe County,

Tenn.--

384

P. N. Moffitt, county judge, Warren County, Tenn.

386

Robert Brady, county attorney, Van Buren County, Tenn.

390

J. W. Camp, mayor, Sparta, Tenn.

392

J. B. Templeton, county judge, Franklin County, Tenn.

395

A. E. Simms, county judge, Lincoln County, Tenn.

399

W. Hunter, county judge, Clay County, Tenn.

400

George Westerberg, county attorney, Bradley County, Tenn

401

Elmer Eblen, county judge, Roan County, Tenn..

405

Ernest Guffey, tax assessor, McMinn County, Tenn.-

408

David E. Lilienthal, Director, Tennessee Valley Authority--

409

Hon. Jere Cooper, Representative in Congress from the State of

Tennessee

462

Hon. John E. Rankin, Representative in Congress from the State of

Mississippi.

462

Hon. Estes Kefauver, Representative in Congres from the State of

Tennessee

463

Hon. Zebulon Weaver, Representative in Congress from the State of

North Carolina..

485

Hon. John Jennings, Jr., Representative in Congress from the State

of Tennessee

490

Hon. Albert Gore, Representative in Congress from the State of

Tennessee.

496

Hon. John D. Wiseman, judge of Rutherford County, Tenn.

496

B. C. Huddleston, judge, Putnam County, Tenn.

500

Further statement of Hon. John E. Rankin, Representative in Con-

gress from the State of Mississippi.

503

Hon. John Jennings, Representative in Congress from the State of

Tennessee

518

Analysis of tax accruals covering reports of 441 private electric light

and power companies -

529

Letter of transmittal, and partial list of new industries established

in the Tennessee Valley

531

TO AMEND THE TENNESSEE VALLEY AUTHORITY

ACT OF 1933

TUESDAY, JANUARY 23, 1940

HOUSE OF REPRESENTATIVES,
COMMITTEE ON MILITARY AFFAIRS,

Washington, D.C. The committee met at 10:30 a. m., Hon. A. J. May (chairman) presiding.

The CHAIRMAN. Now, gentlemen, I am calling up for consideration H, R. 7424, by Mr. Sparkman, a member of this committee and a Representative from the State of Alabama, which has been referred to the Committee on Military Affairs “To amend the Tennessee Valley Authority Act of 1933."

Also H. R. 5068, by Mr. Rankin, of Mississippi, "To amend the Tennessee Valley Authority Act of 1933.'

Also H. R. 5069, by Mr. Sparkman, a member of this committee and a Representative from the State of Alabama, to amend the same act.

H. R. 5022 by Mr. Sparkman.

H. R. 3822 by Mr. Gore "To amend the Tennessee Valley Authority Act. Authority by Mr. Sparkman, "To amend the Tennessee Valley

,

Act. H. R. 2741, by Mr. Pearson, of the State of Tennessee, "To amend the Tennessee Valley Authority Act."

H. R. 4640, by Mr. Weaver, of North Carolina, “To amend the Tennessee Valley Authority Act.”

And any other bills that are pending in this committee relating to the Tennessee Valley Authority Act. I believe there is one by Mr. Welch, H. R. 4094. The bills are as follows:

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(H. R. 7424, 76th Cong., 1st sess.)

A BILL To amend the Tennessee Valley Authority Act of 1933 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 13 of the Tennessee Valley Authority Act of 1933 be, and the same is hereby, amended to read as follows:

"SEC. 13. In order to render financial assistance to those States and local governments in which the power operations of the corporation are carried on and in which the corporation has acquired properties previously subject to State and local taxation, the board is authorized and directed to pay to said States, for each fiscal year, beginning July 1, 1940, the following percentages of the gross proceeds derived from the sale of power by the corporation for the preceding fiscal year as hereinafter provided, together with such additional amounts as may be payable pursuant to the provisions hereinafter set forth, said payments to be in lieu of taxes and to constitute a charge against the power operations of

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