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CONTENTS

Statement of:

Anderson, Jerry L., assistant general manager, National Rural
Electric Cooperative Association.

Asheim, Robert G., administrative vice president, Black Hills Power
& Light Co., Rapid City, S. Dak....

Bass, Hon. Ross, a U.S. Senator from the State of Tennessee..
Bannard, William N., chairman, Public Utility Securities Committee,
Investment Bankers Association of America, New York, N.Y.
Bernoski, Walt, secretary, Iowa Utility Workers Conference, and
president, IBEW Local Union 880, Sioux City, Iowa___
Bicknell, A. O., general manager, Trico Electric Cooperative, Tucson,
Ariz

Blanchar, Carroll H., president, Public Service Co. of Indiana,
Plainfield, Ind....

Borneman, Alfred E., vice president and director, Kidder, Peabody
& Co., New York, N.Y...

Bouldin, Walter, president, Alabama Power Co., Birmingham, Ala
Branch, Harllee, Jr., president, Southern Co., Atlanta, Ga.; also repre-
senting the Edison Electric Institute..

Broussard, D. L., financial vice president, Utah Power & Light Co.,
Salt Lake City, Utah. -

Page

123

457

395

442

457

460

460

466

471

273

Brown, J. C., Jr., executive manager, Tarheel Electric Membership
Association, Raleigh, N.C.

Brown, Moylan E., regional manager, National LP-Gas Association_

Campbell, Birum G., vice president, Consumers Power Co., Jackson,
Mich

Campbell, Howard V., Acting Assistant General Counsel for Rural
Development and Conservation, U.S. Department of Agriculture__
Cannon, Daniel W., policy executive, Industrial Environment Depart-
ment, National Association of Manufacturers, New York, N.Y...
Carpenter, L. C., vice president, Midcontinent Farmers Association,
Columbia, Mo.

Christenson, B. Maynard, president, National Telephone Cooperative
Association, Volin, S. Dak.

476

479

323

480

195

488

384

427

Clapp, Norman M., Administrator, Rural Electrification Administration, U.S. Department of Agriculture

184

Clapp, William J., president, Florida Power Corp., St Petersburg,
Fla., and president, Edison Electric Institute..

236

Clark, Hon. Joseph S., a U.S. Senator from the State of Pennsylvania.
Cobb, J. R., general manager, Texas Electric Cooperatives, Austin,
Tex...

453

491

Cook, Donald C., president, American Electric Power Co., New
York, N.Y...........

491

Cooper, Hon. John Sherman, a U.S. Senator from the State of
Kentucky...

51

Dalton, H. A., general manager, Brazos Electric Power Cooperative,
Waco, Tex...

493

Davenport, John B., Jr., general manager, Missouri Electric Cooperatives, Jefferson City, Mo..

494

Dechant, Tony T., president, National Farmers Union
Douglas, Hon. Paul H., a U.S. Senator from the State of Illinois.
Dudley, J. T., manager, Singing River Eelectric Power Association and
South Mississippi Electric Power Association, Lucedale, Miss
Duncan, W. A., president, Kentucky Utilities Co., Lexington, Ky..

398

109

495

497

III

Statement of-Continued

Ellis, Clyde, T., general manager, National Rural Electric Cooperative Association__.

Page

112

Ennis, Sailey, general manager, Washington Electric Cooperative,
East Montpelier, Vt.--

501

Evans, G. W., president, Kansas Gas & Electric Co., Wichita, Kans
Ewald, Earl, president, Northern States Power Co., Minneapolis,
Minn..

502

503

Forsberg, Carl J., chairman of the board, Wisconsin Power & Light
Co., Madison, Wis.

504

Freeman, Hon. Orville L., Secretary of Agriculture

Fullarton, David C., executive manager, National Telephone Cooperative Association.

Graham, Harry L., legislative representative, National Grange--
Greenleaf, Robert W., president, Iowa Southern Utilities Co., Center-
ville, Iowa...

Griffith, Frank W., president, Iowa Public Service Co., Sioux City,
Iowa

Gruhl, Alfred, president, Wisconsin Electric Power Co., Milwaukee,
Wis..

Guthmann, Harry G., emeritus professor of finance, Northwestern
University School of Business, Evanston, Ill.

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Harmon, Eugene J., director, USITA-REA Telephone Program,
United States Independent Telephone Association__
Harris, Hon. Fred R., a U.S. Senator from the State of Oklahoma -
Harris, Shearon, president, Carolina Power & Light Co., Raleigh,
N.C.

433

171

516

Hartl, Albert V., president, Otter Tail Power Co., Fergus Falls,
Minn

520

Hatch, Edwin I., president, Georgia Power Co., Atlanta, Ga.......
Hathway, George W., president, Central Illinois Light Co., Peoria,
Ill

520

524

Horton, Jack K., president and chief executive officer, Southern
California Edison Co., Los Angeles, Calif___

526

Hundley, J. C., executive manager, Tennessee Rural Electric Cooper-
ative Association, Nashville, Tenn..

527

Jackman, William, president, Investors League, New York, N.Y
Jones, Arthur, Midwest Electric Consumers Association, Britton,
S. Dak

527

211

Jones, J. T., president, Empire District Electric Co., Joplin, Mo....

529

Kammert, D. M., president, Monongahela Power Co., Fairmont,
W. Va.

529

530

535

Kennedy, Donald S., president and chairman of the board, Oklahoma
Gas & Electric Co., Oklahoma City, Okla.-
Kigar, Donald F., president, Detroit Edison Co., Detroit, Mich..
Leighton, Lawrence W., associate, Kuhn, Loeb & Co., New York,
N.Y., on behalf of the National Rural Electric Cooperative Associa-
tion_.

Lilly, C. A., Jr., president, Gulf Power Co., Pensacola, Fla
Lindberg, Dennis, president, Midwest Electric Consumers Association,
Odebolt, Iowa___

Luthringer, M. S., president, Central Illinois Public Service Co.,
Springfield, Ill...

Lynn, John C., legislative director, American Farm Bureau Federation_

MacDonald, R. G., president, West Penn Power Co., Greensburg, Pa.
MacInnes, William C., president, Tampa Electric Co., Tampa, Fla
Madgett, John P., general manager, Dairyland Power Cooperative,
La Crosse, Wis..

Matson, William F., general manager, Pennsylvania Rural Electric
Association, Harrisburg, Pa..

126

537

216

541

343

543

544

545

546

Page

Statement of-Continued

McDonald, Angus, director of reserach, National Farmers Union...
McDonald, Mrs. Grace, executive secretary, California Farmer-
Consumer Information Committee, Santa Clara, Calif_

McDowell, A. H., Jr., president, Virginia Electric & Power Co., Rich-
mond, Va...

McElwain, Joseph A., assistant to the president, Montana Power
Co., Butte, Mont...

McGee, Hon. Gale W., a U.S. Senator from the State of Wyoming.
McGovern, Hon. George, a U.S. Senator from the State of South
Dakota

McGuire, W. B., president, Duke Power Co., Charlotte, N.C.....
McLean, John H., assistant vice president, Wisconsin-Michigan Power
Co., Appleton, Wis...--

Meehan, John J., group manager, Community, Regional, Natural
Resources Development Group, Chamber of Commerce of the
United States..

Mondale, Hon. Walter F., a U.S. Senator from the State of Min

nesota

Monroney, Hon. A. S. Mike, a U.S. Senator for the State of Oklahoma.
Montoya, Hon. Joseph M., a U.S. Senator from the State of New
Mexico...

Mueller, A. D., executive vice president and general manager, Indiana
Statewide Rural Electric Cooperative, Indianapolis, Ind..
Muskie, Hon. Edmund S., a U.S. Senator from the State of Maine...

401

547

549

551

173

209

559

561

443

111

86

206

562

454

Nelson, Hon. Gaylord, a U.S. Senator from the State of Wisconsin.... O'Connell, Robert T., secretary, National Council of Farmer Cooperatives..

83

398

Partridge, Robert D., senior legislative representative, National Rural
Electric Cooperative Association...

137

563

247

Patterson, Dr. Robert T., economist, National Associated Business

men.

Person, Robert T., president, Public Service Co. of Colorado, Denver,
Colo.; also representing the Edison Electric Institute..
Peterson, Harold, executive director and counsel, National REA
Telephone Association, Minneapolis, Minn..

Pinson, M. L., general manager, Sulphur Springs Valley Electric Co-
operative, Willcox, Ariz., and president, Grand Canyon State
Electric Cooperative. -

Proxmire, Hon. William, a U.S. Senator from the State of Wisconsin..
Purcell, H. C., general manager, Golden Valley Electric Association,
Fairbanks, Alaska.

Rice, J. Lee, Jr., president, Allegheny Power System, New York, N. Y
Rinta, Eugene F., executive director and research director, Council
of State Chambers of Commerce..

Ritchie, Reeves, president, Arkansas Power & Light Co., Little Rock,
Ark..

445

566

455

567

568

330

568

Robinson, Charles A., Jr., staff engineer and staff counsel, National
Rural Electric Cooperative Association......

117

Robinson, P. H., president, Houston Lighting & Power Co., Houston,
Tex-...

570

Shouse, J. W., president, Meriwether Lewis Electric Cooperative,
Centerville, Tenn.

Short, Robert H., vice president, Portland General Electric Co.,
Portland, Oreg

574

577

Sickels, Harvey N., secretary, National Farmers Organization,
Corning, Iowa.

389

Sinnott, Joseph F., president, San Diego Gas & Electric Co., San
Diego, Calif

575

Smiley, Arval M., director, National Rural Electric Cooperative
Association, Fowler, Ind..

578

Smith, Nelson Lee, on behalf of the Edison Electric Institute, New
York, N.Y...

291

Statement of-Continued

Page

Staley, Oren Lee, president, National Farmers Organization, Corning,
Iowa...

389

Tallman, W. C., president, Public Service Co. of New Hampshire,
Manchester, N.H..

578

Thompson, Basil, general manager, Alabama Electric Cooperative,
Andalusia, Ala

579

Tuepker, D. J., president, Public Service Co. of Oklahoma, Tulsa,
Okla..

Waterman, William B., vice president and general counsel, Iowa-
Illinois Gas & Electric Co., Davenport, Iowa; also representing the
Edison Electric Institute__

Watson, A. J., Jr., president, Mississippi Power Co., Gulfport, Miss..
Williams, Arthur M., president, South Carolina Electric & Gas Co.,
Columbia, S.C.

Wilson, R. Baxter, president, Mississippi Power & Light Co.,
Jackson, Miss__.

Wood, Ernest C., manager, Farmers' Electric Cooperative, Chillicothe,
Mo..

Yarborough, Hon. Ralph, a U.S. Senator from the State of Texas.... Miscellaneous documents:

S. 3337, 89th Congress

Report on S. 3337 from the Department of Agriculture..
Comparison between S. 3337 and the Department's bill.

S. 3720, 89th Congress..

Letter from the Department of Agriculture requesting enactment of a draft bill..

Draft bill by the Department..

580

285

580

584

584

586

441

1

13

14

17

30

33

Section-by-section analysis of the Department's bill..
Committee staff synopsis of pending bills.

44

47

Statement by the Department on financing systems in cities under
S. 3720...

67

Provisions for retirement of Government capital.
Provisions for repayment of Treasury advances..

74

74

Loan fund survey made by the National Rural Electric Cooperative
Association.

114

Resolution adopted by the National Rural Electric Cooperative
Association.

119

Payment of Government capital by institutions supervised by the
Farm Credit Administration__.

139

Statement by National Rural Electric Cooperative Association on repayment of Government capital_ _ _

142

Summary of congressional controls over proposed Rural Electric
Bank.

158

Differences between Department's bill, S. 3337 and S. 3720..
Short summary of S. 3720_.

176

178

Statement on cost to Government of operations of proposed electric bank....

187

Statement on taxation of cooperatives and lending institutions.
Comparison of consumer density and revenues of REA borrowers and

197

commercial power companies___

206

Number of farms with central station service..

313

Amendments proposed by American Farm Bureau Federation..
Capital credits plan..

347

350

Letter to Harry Graham, National Grange, from C. E. Parks, vice
president, Iowa Southern Utilities Co., Centerville, Iowa.
REA policy concerning its relationship with borrowers_

378

404

Action of House Subcommittee on Conservation and Credit on pending REA bill..........

407

Page

417 587

316, 347

224

228, 441

Excerpts from legislative history of the unserved persons clause.
Resolution of the Northeast Public Power Association, Wakefield, Mass..
Charts, tables and information on REA borrowers with respect to:

Administrative funds.

Assets..
Capital

Consumers.

Cost of energy purchased.
Cost of government funds.
Density of consumers-
Distribution lines..
Energy generated_.
Energy purchased_
Expenses

Funds advanced_.
Generating plants.
Interest due..
Interest rate.
Liabilities

Loan authorizations_

Loan purposes-
Loans approved.
Miles energized..
Names and status.
Operating funds.
Ownership...
Payments.
Principal due__
Retail rates__
Revenues

Source of energy.
Taxation...

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