DEC 1 0 1942

DIVISION

DOCUMENTS

COMMITTEE ON BANKING AND CURRENCY,

L

UNITED STATES SENATE.

SEVENTY-SEVENTH CONGRESS

SECOND SESSION

ON

S. 2853 and H. R. 7695

AN ACT TO AID IN PREVENTING INFLATION, TO
STABILIZE THE RENTS OF REAL PROPERTY,
AND FOR OTHER PURPOSES

78426

OCTOBER 20 AND 23, 1942

Printed for the use of the Committee on Banking and Currency

UNITED STATES
GOVERNMENT PRINTING OFFICE

WASHINGTON: 1942

560

B2

アソナル

v. 2

COMMITTEE ON BANKING AND CURRENCY
ROBERT F. WAGNER, New York, Chairman

CARTER GLASS, Virginia
ALBEN W. BARKLEY, Kentucky
JOHN H. BANKHEAD, Alabama
FRANCIS MALONEY, Connecticut
GEORGE L. RADCLIFFE, Maryland
PRENTISS M. BROWN, Michigan
JAMES H. HUGHES, Delaware
CLYDE L. HERRING, Iowa
WILLIAM H. SMATHERS, New Jersey
D. WORTH CLARK, Idaho

SHERIDAN DOWNEY, California
ABE MURDOCK, Utah

LLOYD SPENCER, Arkansas

п

CHARLES W. TOBEY, New Hampshire
JOHN A. DANAHER, Connecticut
ROBERT A. TAFT, Ohio
JOHN THOMAS, Idaho
JOSEPH H. BALL, Minnesota
HUGH A. BUTLER, Nebraska

PHILIP LEVY, Clerk

CONTENTS

Statement of—

Page

Ballard, George, representing Butler Bros., Chicago, Ill.

99

Barkley, Hon. Alben W., a Senator from Kentucky.

Bloch, Charles J., counsel for the Board of Realtors, and the Middle

Georgia Property Owners' Association, Macon, Ga..

46

Burt, William C., representing the Greenway Citizens' Association,

Washington, D. C..

44

117

108

Campbell, Edmund D., representing the District of Columbia Bar

Association....

Cogswell, Robert F., rent administrator, District of Columbia.

De Montis, Mrs. Myrtle, rooming house operator, Washington, D. C.

Galbreath, John W., chairman, Realtors' Washington Committee of

the National Association of Real Estate Boards, Washington, D. C..

Henry, Ernest F., general counsel, Office of District of Columbia Rent

Administrator.

Hoffman, Mrs. Helen D., representing the Washington Housing Asso-

ciation.

Jones, Rowland W., Jr., representing National Association of Retail
Druggists, Washington, D. C.......

Karrick, David B., chairman, Joint Defense Housing Committee,

Washington, D. Ć.

Keech, Richmond B., corporation counsel, District of Columbia-

Lusk, Rufus S., secretary, Joint Defense Housing Committee, Wash-

ington, D. C..

McGarraghy, Joseph C., counsel, Hotel Association of the District of

Columbia...

Ostermayer, George H., president, Philadelphia Association of Build-

ing Owners and Managers and regional vice president of the National

Association of Building Owners and Managers, Philadelphia, Pa..

Pinkett, John R., representing the Washington Real Estate Brokers

Association..

122

96

116

122

43

118

106

121

122

103

125

Porter, Paul A., Deputy Administrator, Office of Price Administration,

Washington, D. Ĉ..

3, 24

Sheridan, Leo J., president, National Association of Building Owners
and Managers, Chicago, Ill..

Thatcher, Maurice H., attorney at law, Washington, D. C..

Copy of bill H. R. 7695 (as passed by House)

Summary of correspondence on commercial rent submitted by Paul A.

Porter

Charts submitted by Paul A. Porter:

Commercial vacancies (National Survey of Rental Buildings)

I. Vacancies in Office Buildings.

II. Vacancies in Office Buildings.

1

23

24

26

30

31

32

34

Letter and statement submitted by Hon. John A. Danaher from Theodore

W. Slack, president, Hartford Real Estate Board..

Proposed amendment to S. 2853 and tabulation of designated defense

rental areas under provisions of Emergency Price Control Act submitted

by Mr. Charles J. Bloch...

Letter addressed to Hon. Hugh A. Butler from Walter C. Johnson, presi-
dent, Omaha Board of Realtors..

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