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COMMITTEE ON BANKING AND CURRENCY
HOUSE OF REPRESENTATIVES
H. R. 8555
APRIL 12, 13, 18, 19, 23, 24, 25, AND 26, 1956
Printed for the use of the Committee on Banking and Currency
H. R. 8555, a bill to assist areas to develop and maintain stable and diversi-
fied economies by a program of financial and technical assistance and
Celler, Hon. Emanuel, a Representative in Congress from the State
of New York, on behalf of New York Democratic delegation---
Crosby, J. Muir, executive secretary, Greater Wilkes-Barre Chamber
Elliott, Hon. Carl, a Representative in Congress from the State of
Ezelle, Sam, secretary-treasurer, Kentucky State Federation of
Fenton, Hon. Ivor D., a Representative in Congress from the State
Fernos-Isern, Hon. A., Resident Commissioner of Puerto Rico..
Hays, Hon. Brooks, a Representative in Congress from the State of
Hughes, Goffrey, executive director, Southern Illinois, Inc., Carter-
Jennings, Hon. W. Pat, a Representative in Congress from the State
Hyde, Hon. De Witt S., a Representative in Congress from the State
Kearney, Hon. Bernard W., a Representative in Congress from the
Kennedy, Thomas, vice president, United Mine Workers of America.
Mead, Hon. James, representing New York State Department of
Mueller, Hon. Frederick H., Assistant Secretary of Commerce,
accompanied by Carl F. Oechsle, Victor Roterus, and Kenneth L.
Rabaut, Hon. Louis C., a Representative in Congress from the State
Rosiclare Community Development Association, Rosiclare, Ill.
Saylor, Hon. John P., a Representative in Congress from the State
Steiner, Richard L., Deputy Commissioner, Urban Renewal Admin-
Whitehouse, Albert, director, Industrial Union_Department, AFL-
Additional data submitted to the committee by-
Letter of April 19, 1956, to Hon. J. Edgar Chenoweth, from C. L.
Letter of April 26, 1956, to Hon. Brent Spence, regarding questions
The Welfare Problem in Designated “Depressed Areas" in New
Mexico, article from New Mexico Department of Public Wel-
Allocations in 6 months ended December 31, 1955.
Credit authorizations during calendar 1955 by the Export-Import
Bank of Washington (extracted from semiannual reports)-
Statement of loans by the International Bank for Reconstruction
and Development (World Bank) during calendar 1955 (ex-
tracted from 10th annual report and supplement).
Statement of work of Office of Area Development, Business and
Defense Services Administration, United States Department of
Commerce, with reference to labor-surplus areas..
Statutory lending authority, appropriations made therefor, and
uncommitted balance of revolving fund, as of March 31, 1956__
Summary statement of business and disaster loans approved,
canceled, and disbursed, by fiscal years, as of March 31, 1956__
Additional data submitted to the committee by-Continued
Low-income and level-of-living areas in agriculture (chart).
Percentages of commercial farms classified as low-producing farms,
United States, and generalized areas of low-production farms,
The size of net money income received by farm-operator families;
Kearney, Hon. Bernard W.:
Cognetta, James J., president, IUE-AFL-CIO, Schenectady,
Kempf Buick, Inc., Amsterdam, N. Y., letter of April 24, 1956__.
Table 1.-Unemployment and potential labor supply for Ken-
Table 2.-Selected indicators of need for Kentucky employment
Table 3.-Selected indicators of Kentucky econonic needs by area.
Meany, George, president, AFL-CIO, letter of April 18, 1956, to Hon.
Fifteen Illinois Counties Struggle for Survival, article by Robert
E. Hanon, St. Louis Post-Dispatch, April 15, 1956.
Proposed canalized improvement for navigation, Big Muddy
Small Investment, Big Return-Green River Development Work
Southern Illinois Stake in Legislation for Depressed Areas, ex-
tension of remarks of Senator Everett Dirksen of Illinois,
Congressional Record, March 6, 1956__
Summary of Labor Market Trends, September 1955
Twenty Thousand Available Workers in Southern Illinois,
Capital investment required in 17 major chronic labor surplus
areas (groups D, E, and F) to reduce unemployment to 3
List of rapid tax-amortization certificates issued for facilities to