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INVESTIGATION OF WELFARE AND PENSION FUNDS

MAY

HEARINGS

BEFORE A

SPECIAL SUBCOMMITTEE

OF THE

COMMITTEE ON EDUCATION AND LABOR
HOUSE OF REPRESENTATIVES

EIGHTY-THIRD CONGRESS

PURSUANT TO

H. Res. 115

A RESOLUTION AUTHORIZING THE COMMITTEE ON EDUCATION
AND LABOR TO CONDUCT STUDIES AND INVESTIGATIONS
RELATING TO MATTERS WITHIN ITS JURISDICTION

HEARINGS HELD AT WASHINGTON, D. C.
NOVEMBER 29, 30, AND DECEMBER 1, 1954

PART TWO

(WASHINGTON, D. C., AND ATLANTIC CITY, N. J., AREAS)

Printed for the use of the Committee on Education and Labor

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COMMITTEE ON EDUCATION AND LABOR

SAMUEL K. MCCONNELL, JR., Pennsylvania, Chairman

RALPH W. GWINN, New York
WINT SMITH, Kansas

CARROLL D. KEARNS, Pennsylvania
HAROLD H. VELDE, Illinois
CLARE E. HOFFMAN, Michigan
CHARLES J. KERSTEN, Wisconsin
E. Y. BERRY, South Dakota

WILLIAM H. HARRISON, Wyoming
ALBERT H. BOSCH, New York
JOSEPH F. HOLT, California

JOHN J. RHODES, Arizona

STUYVESANT WAINWRIGHT 2d., New York PETER FRELINGHUYSEN, JR., New Jersey CLIFTON YOUNG, Nevada

GRAHAM A. BARDEN, North Carolina AUGUSTINE B. KELLEY, Pennsylvania ADAM C. POWELL, JR., New York WINGATE H. LUCAS, Texas CLEVELAND M. BAILEY, West Virginia CARL D. PERKINS, Kentucky

CHARLES R. HOWELL, New Jersey

ROY W. WIER, Minnesota
CARL ELLIOTT, Alabama

PHIL M. LANDRUM, Georgia

LEE METCALF, Montana

HOWARD S. MILLER, Kansas
JAMES B. BOWLER, Illinois

SPECIAL SUBCOMMITTEE ON INVESTIGATION OF WELFARE AND PENSION FUNDS

SAMUEL K. MCCONNELL, JR., Pennsylvania, Chairman

WINT SMITH, Kansas, Vice Chairman

ALBERT H. BOSCH, New York

JOSEPH F. HOLT, California

JOHN J. RHODES, Arizona

GRAHAM A. BARDEN, North Carolina
WINGATE H. LUCAS, Texas
ROY W. WIER, Minnesota
HOWARD S. MILLER, Kansas

COMMITTEE STAFF

JOHN O. GRAHAM, Staff Director
FRED G. HUSSEY, Minority Staff Director
EDWARD A. MCCABE, General Counsel
L. M. WELTMER, Assistant General Counsel
RUSSELL C. DERRICKSON, Chief Investigator
BEN H. JOHNSON, Investigator
CARMINE S. BELLINO, Staff Consultant
RAYMOND C. COLE, JR., Special Investigator

83D CONGRESS, 1ST SESSION

H. RES. 115

IN THE HOUSE OF REPRESENTATIVES

RESOLUTION

Resolved, That the Committee on Education and Labor, effective from January 3, 1953, acting as a whole or by subcommittee, is authorized and directed to conduct studies and investigations relating to matters coming within the jurisdiction of such committee under rule XI, clause 6, of the Rules of the House of Representatives. For such purpose such committee, or any subcommittee thereof, is authorized to sit and act during the present Congress at such times and places within the United States, its Territories and possessions, whether the House is in session, has recessed, or has adjourned, to hold such hearings, and to require by subpena or otherwise the attendance and testimony of such witnesses and the production of such books, records, correspondence, memoranda, papers, and documents, as it deems necessary. Subpenas shall be issued only over the signature of the chairman of the committee or a member of the committee designated by him; they may be served by any person designated by such chairman or member.

The committee may report to the House of Representatives from time to time during the present Congress the results of its studies and investigations, with such recommendations for legislation or otherwise as the committee deems desirable. Any report submitted when the House is not in session shall be filed with the Clerk of the House.

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COMMITTEE ON EDUCATION AND LABOR

SAMUEL K. MCCONNELL, JR., Pennsylvania, Chairman

RALPH W. GWINN, New York
WINT SMITH, Kansas

CARROLL D. KEARNS, Pennsylvania
HAROLD H. VELDE, Illinois
CLARE E. HOFFMAN, Michigan
CHARLES J. KERSTEN, Wisconsin
E. Y. BERRY, South Dakota

WILLIAM H. HARRISON, Wyoming
ALBERT H. BOSCH, New York
JOSEPH F. HOLT, California

JOHN J. RHODES, Arizona

STUYVESANT WAINWRIGHT 2d., New York

PETER FRELINGHUYSEN, JR., New Jersey CLIFTON YOUNG, Nevada

GRAHAM A. BARDEN, North Carolina AUGUSTINE B. KELLEY, Pennsylvania ADAM C. POWELL, JR., New York WINGATE H. LUCAS, Texas CLEVELAND M. BAILEY, West Virginia CARL D. PERKINS, Kentucky

CHARLES R. HOWELL, New Jersey

ROY W. WIER, Minnesota
CARL ELLIOTT, Alabama

PHIL M. LANDRUM, Georgia

LEE METCALF, Montana

HOWARD S. MILLER, Kansas
JAMES B. BOWLER, Illinois

SPECIAL SUBCOMMITTEE ON INVESTIGATION OF WELFARE AND PENSION FUNDS

SAMUEL K. MCCONNELL, JR., Pennsylvania, Chairman

WINT SMITH, Kansas, Vice Chairman

ALBERT H. BOSCH, New York
JOSEPH F. HOLT, California

JOHN J. RHODES, Arizona

GRAHAM A. BARDEN, North Carolina
WINGATE H. LUCAS, Texas
ROY W. WIER, Minnesota

HOWARD S. MILLER, Kansas

COMMITTEE STAFF

JOHN O. GRAHAM, Staff Director
FRED G. HUSSEY, Minority Staff Director
EDWARD A. MCCABE, General Counsel
L. M. WELTMER, Assistant General Counsel
RUSSELL C. DERRICKSON, Chief Investigator
BEN H. JOHNSON, Investigator
CARMINE S. BELLINO, Staff Consultant
RAYMOND C. COLE, JR., Special Investigator

83D CONGRESS, 1ST SESSION

H. RES. 115

IN THE HOUSE OF REPRESENTATIVES

RESOLUTION

Resolved, That the Committee on Education and Labor, effective from January 3, 1953, acting as a whole or by subcommittee, is authorized and directed to conduct studies and investigations relating to matters coming within the jurisdiction of such committee under rule XI, clause 6, of the Rules of the House of Representatives. For such purpose such committee, or any subcommittee thereof, is authorized to sit and act during the present Congress at such times and places within the United States, its Territories and possessions, whether the House is in session, has recessed, or has adjourned, to hold such hearings, and to require by subpena or otherwise the attendance and testimony of such witnesses and the production of such books, records, correspondence, memoranda, papers, and documents, as it deems necessary. Subpenas shall be issued only over the signature of the chairman of the committee or a member of the committee designated by him; they may be served by any person designated by such chairman or member.

The committee may report to the House of Representatives from time to time during the present Congress the results of its studies and investigations, with such recommendations for legislation or otherwise as the committee deems desirable. Any report submitted when the House is not in session shall be filed with the Clerk of the House.

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