Legislative hearings

President Benjamin F. Fairless of the United States Steel Corporation, told the Joint Economic Committee today that the corporation had not made a fair return on its sales or investment for the last 20 years. He blamed the recent price rise on the new employees pension system and the boost in Federal Social Security taxes. From: Beth Gore. From: Beth Gore

Chairman Marriner S. Eccles of the Federal Reserve Board appeared before the Senate Banking Committee to defend the Board's request for power to restrict bank credit by requiring banks to increase their reserves. His defense was aimed primarily at the criticism of bankers, who want the board to resort to traditional ways of restricting credit by increasing bank discount rates and refusing to buy bank-held bonds being sold to provide new reserves for deposits. From: Beth Gore.

Marriner S. Eccles, Chairman of the Board of Governors of the Federal Reserve System, indicated that tax reductions would be a "tragic error." He told the Senate Banking Committee while testifying on the British loan that such action would increase the problem of inflation and decrease chances of balancing the Federal budget. From: Beth Gore.

Lt. General Ira Eaker, deputy commander of the Army Air Forces, telling the Senate Inter-State and Foreign Commerce Sub-Committee investigating air crashes that approximately 70 percent of military aviation accidents are due to pilot error. From: Beth Gore.

Conciliation Chief Cyrus S. Ching testifying before the Joint Congressional Committee on Atomic Energy. He indicated that atomic energy workers should be rewarded if they are denied the right to strike. "Although strikes in these plants cannot be tolerated," Ching said, "we want to get the best possible people and have them proud to be there." From: Beth Gore.

General Clifton B. Cates, Commandant of the U. S. Marine Corps, telling the House Armed Services Committee that the Army General Staff has dealt "A severe and telling blow" to national security in its efforts to cripple the Corps as a fighting force. He said the blow at their service was planned more than four years ago by General J. Lawton Collins, now Army Chief of Staff. From: Beth Gore.

Chester Bowles, newly designated head of the Office of Economic Stabilization, speaks before the House Banking Committee today. He warned Congress that the nation's economic system would be smashed "beyond hope of repair unless it extends price controls to keep the lid on the present "inflationary dynamite." This photo is similar to 99-91. From: Beth Gore.

Mrs. Esther C. Brunauer of the State Department denying Senator Joseph McCarthy's charges against her as she appeared before the Senate Subcommittee on Foreign Relations. From: Beth Gore.

James Boyd, Director of the U.S. Bureau of Mines, speaking before the Senate Labor Committee regarding the status of coal stocks. From: Beth Gore.

Chester Bowles, newly designated head of the Office of Economic Stabilization, warned Congress that the nation's economic system would be smashed "beyond hope of repair unless it extends price controls to keep the lid on the present inflationary dynamite." He urged the House Banking Committee to approve speedily a pending bill to continue the controls a year after the present June 30 expiration date. From: Beth Gore.