RAILROAD RETIREMENT LEGISLATION MAY HEARINGS 1956 BEFORE A SUBCOMMITTEE OF THE COMMITTEE ON INTERSTATE AND FOREIGN COMMERCE HOUSE OF REPRESENTATIVES EIGHTY-FOURTH CONGRESS SECOND SESSION ON BILLS TO AMEND THE RAILROAD RETIREMENT ACT JANUARY 24, 25, 26, MARCH 6, 7, AND 15, 1956 Printed for the use of the Committee on Interstate and Foreign Commerce COMMITTEE ON INTERSTATE AND FOREIGN COMMERCE J. PERCY PRIEST, Tennessee, Chairman OREN HARRIS, Arkansas CHARLES A, WOLVERTON, New Jersey ARTHUR G. KLEIN, New York CARL HINSHAW, California JOHN W. HESELTON, Massachusetts KENNETH A. ROBERTS, Alabama JOHN B. BENNETT, Michigan MORGAN M. MOULDER, Missouri RICHARD W. HOFFMAN, Illinois HARLEY O. STAGGERS, West Virginia JOHN V. BEAMER, Indiana ISIDORE DOLLINGER, New York WILLIAM L. SPRINGER, Illinois WALTER ROGERS, Texas. ALVIN R. BUSH, Pennsylvania MARTIN DIES, Texas PAUL F. SCHENCK, Ohio SAMUEL N. FRIEDEL, Maryland JOSEPH L. CARRIGG, Pennsylvania JOHN J. FLYNT, JR., Georgia STEVEN B. DEROUNIAN, New York ELTON J. LAYTON, Clerk Professional Staff SAM G. SPAL MARTIN W. CUNNINGHAM SUBCOMMITTEE ON TRANSPORTATION AND COMMUNICATIONS OREN HARRIS, Arkansas, Chairman JOHN BELL WILLIAMS, Mississippi CHARLES A. WOLVERTON, New Jersey PETER F. MACK, JR., Illinois CARL HINSHAW, California ISIDORE DOLLINGER, New York JOSEPH P. O'HARA, Minnesota WALTER ROGERS, Texas ROBERT HALE, Maine JOHN J. FLYNT, JR., Georgia JAMES I. DOLLIVER, Iowa CONTENTS Page 2, 127 H. R. 182, H. R. 858, H. R. 3607, and H. R. 3826_ H. R. 738, H. R. 757, H. R. 857, H. R. 2026, H. R. 2591, H. R. 3416, H. R. 3719, H. R. 3743, H. R. 3796, H. R. 5272, H. R. H. R. 760, H. R. 2573, H. R. 3087, H. R. 3209, H. R. 3590, H. R. H. R. 7983, H. R. 7984, H. R. 7985, H. R. 7986, H. R. 7987, H. R. 7988, H. R. 7989, H. R. 7990, and H. R. 8231. Commerce Department on H. R. 4787.. Federal Reserve System on H. R. 4787- Health, Education, and Welfare Department on- H. R. 738, H. R. 757, H. R. 3416, H. R. 3719, H. R. 5272, H. R. 5801, H. R. 6833, H. R. 8230, 'H. R. 8338, and H. R. 8399.. Labor Department on H. R. 861. 2,0 H. R. 2573, H. R. 3087, H. R. 3029, H. R. 3590, and H. R. 3612. XL 1 03/95 53-05-0 Railroad Retirement Board on-Continued H. R. 9065, H. R. 9066, and H. R. 9068 by- 136 134 Treasury Department on H. R. 9065.. 136, 138 Bailey, Hon. Cleveland M., a Representative in Congress from the Bennett, Hon. Charles E., a Representative in Congress from the Bennett, Hon. John B., a Representative in Congress from the State 69 110 155 Burnside, Hon. M. G., a Representative in Congress from the State Byrd, Hon. Robert C., a Representative in Congress from the State Cretella, Hon. Albert W., a Representative in Congress from the Cunningham, Hon. Paul, a Representative in Congress from the --- 101, 104 118 65, 148 Dorn, Hon. W.J. Bryan, a Representative in Congress from the State Fain, Guy F., grand president, National Association of Retired and 207 241 of Maryland 122 168 176 140 116 91 157 255 O’Konski, Hon. Alvin E., a Representative in Congress from the State Perkins, Hon. Carl D., a Representative in Congress from the State of 149 Poff, Hon. Richard H., a Representative in Congress from the State Polk, Hon. James G., a Representative in Congress from the State of Rhodes, Hon. George M., a Representative in Congress from the Rogers, Hon. Byron G., a Representative in Congress from the State Schoene, Lester P., on behalf Railway Labor Executives' Association 180, 266 125 Siler, Hon. Eugene, a Representative in Congress from the State of Smith, Hon. Dan T., special assistant to the Secretary of the Treasury 264 Stack, Thomas, president, National Railroad Pension Forum, Inc. 211 Staggers, Hon. Harley O., a Representative in Congress from the Thompson, Hon. Frank, Jr., a Representative in Congress from the Van Zandt, Hon. James E., a Representative in Congress from the 73 Zablocki, Hon. Clement J., a Representative in Congress from the Additional information submitted for the record by- American Farm Bureau Federation, letter from Matt Triggs, assistant 273 Association of American Railroads: Distribution of commercial intercity freight traffic, table-- Gross revenues and net earnings, railroads of class 1 in the United Income account adjusted for increased costs and increased freight charges, railroads of class I in the United States, table 258 Increased operating costs since January 1, 1955, table --- Rate of return, railroads of class I in the United States, table- 256 Ratio of net income to net assets of manufacturing corporations, Ratio of wages and salaries to value of sales, 1954, table.. |