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RAILROAD RETIREMENT LEGISLATION

MAY

HEARINGS

1956

BEFORE A

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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

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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
WILLIAM T. GRANAHAN, Pennsylvania JOSEPH P. O'HARA, Minnesota
F. ERTEL CARLYLE, North Carolina ROBERT HALE, Maine
JOHN BELL WILLIAMS, Mississippi JAMES I. DOLLIVER, Iowa
PETER F. MACK, JR., Illinois

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
TORBERT H. MACDONALD, Massachusetts
DON HAYWORTH, Michigan

ELTON J. LAYTON, Clerk
KENNETH J. PAINTER, First Assistant Clerk
HERMAN CLAY BEASLEY, Assistant Clerk

Professional Staff
ANDRDW STEVENSON

SAM G. SPAL
KURT BORCHARDT

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

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Report of-Continued

Railroad Retirement Board on-Continued

Page

H. R. 3401.

28

H. R. 3416.

12

H. R.3607_

33

H. R. 3719

34

H. R. 3795.

34

H. R. 3826.

36

H. R. 3938

36

H. R. 4301

28

H. R. 4305.

37

H. R. 4306.

38

H. R. 4555.

39

H. R. 4787

H. R. 5218.

43

H. R. 5272

44

H. R. 5361.

45

H. R. 5426.

45

H. R. 5702

46

H. R. 5801.

47

H. R. 6833

40

H. R. 6838

49

H. R. 7982-

20

H. R. 7983

H. R. 7984.

22

H. R. 7985.

23

H. R. 7986

24

H. R. 7987-

24

H. R. 7988

25

H. R. 7989

26

H. R. 7990

26

H. R. 8230

30

H. R. 8231.

31

H. R. 8338

50

H. R. 8339_

52

H. R. 8399

53

H. R. 8492 and H. R. 8702.

54

H. R. 8587.

32

H. R. 8828.

128

H. R. 8862

129

H. R. 9065, H. R. 9066, and H. R. 9068 by-
Harper, Horace w

136
Healy, Thomas M.

134

Kelly, Raymond J.-

131

H. R. 9316..

139

Treasury Department on H. R. 9065..

136, 138

Statement of -

Bailey, Hon. Cleveland M., a Representative in Congress from the

State of West Virginia

144

Bennett, Hon. Charles E., a Representative in Congress from the

State of Florida

56, 148

Bennett, Hon. John B., a Representative in Congress from the State
of Michigan..

69
Bentley, Hon. Alvin M., a Representative in Congress from the State
of Michigan..

110
Burdick, Hon. Usher L., a Representative in Congress from the State
of North Dakota -

155

Burnside, Hon. M. G., a Representative in Congress from the State

of West Virginia -

150

Byrd, Hon. Robert C., a Representative in Congress from the State

of West Virginia

92

Cretella, Hon. Albert W., a Representative in Congress from the

State of Connecticut.

90

Cunningham, Hon. Paul, a Representative in Congress from the
State of Iowa.

--- 101, 104
Davis, Hon. James C., a Representative in Congress from the State
of Georgia---

118

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65, 148

Statement of—Continued

Page

Dorn, Hon. W.J. Bryan, a Representative in Congress from the State

of South Carolina -

67

Fain, Guy F., grand president, National Association of Retired and
Veteran Railway Employees -

207
Finney, Gerald D., ass int general solicitor, Association of American
Railroads

241
Friedel, Hon. Samuel N., a Representative in Congress from the State

of Maryland
Harden, Hon. Cecil M., a Representative in Congress from the State
of Indiana

122
Harper, Horace W., member, Railroad Retirement Board

168
Healy, Thomas M., member, Railroad Retirement Board.

176
Herlong, Hon. Albert Sydney, Jr., a Representative in Congress from
the State of Florida -

140
Hyde, Hon. DeWitt S., a Representative in Congress from the State
of Maryland

116
Jennings, Hon. W. Pat, a Representative in Congress from the State
of Virginia

91
Kelly, Raymond J., Chairman, Railroad Retirement Board

157
Matscheck, Walter, Director of Research, Railroad Retirement Board. 103, 167
Monroe, J. Elmer, vice president, Association of American Railroads,
and Director, Bureau of Railway Economies--

255

O’Konski, Hon. Alvin E., a Representative in Congress from the State

of Wisconsin..

72

Perkins, Hon. Carl D., a Representative in Congress from the State of
Kentucky -

149

Poff, Hon. Richard H., a Representative in Congress from the State

of Virginia

86

Polk, Hon. James G., a Representative in Congress from the State of

Ohio.--

Rhodes, Hon. George M., a Representative in Congress from the

State of Pennyslvania -

152

Rogers, Hon. Byron G., a Representative in Congress from the State

of Colorado

95

Schoene, Lester P., on behalf Railway Labor Executives' Association
and Brotherhood of Locomotive Engineers--

180, 266
Sikes, Hon. Robert L. F., a Representative in Congress from the
State of Florida.--

125

Siler, Hon. Eugene, a Representative in Congress from the State of

Kentucky

124

Smith, Hon. Dan T., special assistant to the Secretary of the Treasury
in Charge of Tax Policy --

264

Stack, Thomas, president, National Railroad Pension Forum, Inc. 211

Staggers, Hon. Harley O., a Representative in Congress from the

State of West Virginia

144

Thompson, Hon. Frank, Jr., a Representative in Congress from the

State of New Jersey

155

Van Zandt, Hon. James E., a Representative in Congress from the
State of Pennsylvania -

73

Zablocki, Hon. Clement J., a Representative in Congress from the

State of Wisconsin ---

156

Additional information submitted for the record by-

American Farm Bureau Federation, letter from Matt Triggs, assistant
legislative director -

273

Association of American Railroads:

Distribution of commercial intercity freight traffic, table--

258

Gross revenues and net earnings, railroads of class 1 in the United

States, table----

256

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 ---

257

Rate of return, railroads of class I in the United States, table- 256

Ratio of net income to net assets of manufacturing corporations,
table-----

257

Ratio of wages and salaries to value of sales, 1954, table..

257

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