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16 RAILROAD RETIREMENT LEGISLATION

45
956

HEARINGS

BEFORE A

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SUBCOMMITTEE OF THE
t'mire. 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

AR

ND

56

Printed for the use of the Committee on Interstate and Foreign Commerce

UNITED STATES
GOVERNMENT PRINTING OFFICE

WASHINGTON : 1956

75199

LINIVERSITY OF MICHIGAN IJDDADICO

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 A88istant Clerk
HERMAN CLAY BEASLEY, A88istant Clerk

Professional Staff
ANDREW 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

II

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Report of-Continued

Railroad Retirement Board on-Continued

Page

H. R. 3401.

H. R. 3416.-

H. R. 3607 ..

H. R. 3719

H. R. 3795.

H. R. 3826.

H. R. 3938.

H. R. 4301.

H. R. 4305.

H. R. 4306

H. R. 4555...

H. R. 4787-

H. R. 5218.

H. R. 5272

H. R. 5361.

H. R. 5426

H. R. 5702

H. R. 5801.

H. R. 6833

H. R. 6838

H, R. 7982

H. R. 7983

H. R. 7984.

H. R. 7985.

H. R. 7986.

H. R. 7987.

R. 7988

H. R. 7989-

H. R. 7990

H. R. 8230

8231

H. R. 8338...

H. R. 8339...

H. R. 8399

H. R. 8492 and H. R. 870

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------------ ---

Treasury Department on H. R. 9065.-

136, 138

Statement of —

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

State of West Virginia.-.

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.--

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

State of Connecticut..
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 ----------------

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118

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176

Statement of—Continued

Fage

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

of South Carolina ---

Fain, Guy F., grand president, National Association of Retired and

Yeteran Railway Employees.-

207

Finney, Gerald D., assistant general solicitor, Association of American

Railroads ---

241

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

of Maryland.---

-65, 148

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 -----

Herlong, Hon. Albert Sydney, Jr., a Representative in Congress from

the State of Florida.------

140

Hyde, Hon. De Witt S., a Representative in Congress from the State

of Maryland.

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

of Virginia ------

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 Economics.-----

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.-------

: 147

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
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 ------

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 ---

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

State of New Jersey -------

Van Zandt, Hon. James E., a Representative in Congress from the

State of Pennsylvania..

Zablocki, Hon. Člement 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---

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

States, table----

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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