1,955 CQNGI_lESSJONAL ;RE~O;R.D - HOUSE 8897

Heikki Erkki .Siltanen; to the Committee on P~TITI,ONS, ETC. . 325. By the SPEAKER: Petition of Bertha the 'Judiciary. · · . · Norwash and others, Ladies Auxiliary No. 45~ H. R. 6952. A bill for the relief of Cyprian Under clause 1 of rule XXII, petitions United Rubber, Cork, Linoleum, and Plastic Benedict Francis; to the · Committee on the and papers were laid on the Clerk's desk Workers of America, Naugatuck, Conn., peti­ Judiciary. · and referred as fallows: tioning consideration of their resolution with By Mr. TEAGUE of Texas: 322. By Mr. THOMSON of Wyoming: Peti· reference 'to requesting that Congress pass H. R. 6953. A bill to authorize Maj.- Gen. tion of Mrs. Lucille Bales and 42 others, to get legislation to increase the minimum wage K. L. Berry, The Adjutant General of Texas, alcoholic beverage advertising off the air .and to $1.25 per hour, etc.; to the Committee on to accept the Philippine Legion of Honor out of the channels of interstate commerce; Education and Labor. and supporting documents conferred upori to the Committee on Interstate and Foreign 326. Also, petition of the deputy clerk of him by the Government of the Philippines; Commerce. the board, Board of Supervisors, Buffalo, to the Committee on Armed Services. 323. Also, petition of Rev. W. E. Hoff, N. Y., petitioning consideration of their reso­ H. R. 69.54. A bill to authorize Lt. Col. Lee Church of Christ, Newcastle, Wyo., and 13 lution with reference to requesting that the E. James, United States Army, to accept the others, to get alcoholic beverage advertising board of supervisors be recorded in favor of Greek War Cross, Class III, and supporting off the air and out of the channels of inter­ legislation for the purpose of reducing from documents conferred upon him by the Gov­ state commerce; to the Committee on Inter­ 65 to 60 .years of age at which women may ernment of Greece; to the committee on state and Foreign Commerce. qualify for old-age and survivors' insurance Armed Services. 324. Also, petition of Mrs. G. K. Halley and benefits and likewise reducing from 65 to 62 By Mr. WALTER: 385 others, to get alcoholic beverage adver­ years of age at which men may qualify for H. R. 6955. A bill for the relief of Chaim tising off the air and out of the channels of such old-age and survivors' insurance bene­ Grade and Inna Hekker Grade; to the Com­ interstate commerce; to the Committee on fits under the Social Security Act; to the mittee on the Judiciary. Interstate and Foreign Commerce. Committee on Ways and Means.

EXTENSIONS OF REMARKS

Housing in Many Lands France. It was an enlightening and stimu­ home. It impels him to stand with you lating inspection. today against the threats and enticements But I do not put myself forward as an of modern despotism. EXTENSION OF REMARKS expert in your housing and real-estate af­ It has been said that wa,r begins in the OF fairs. I will not presume to tell you what minds of men. And it is also true that de­ measures you should undertake to serve your votion to peace and liberty begins in the HON. HOMERE. CAPEHART own needs. Instead, I will talk to you about homes of men. A man who has a home of some of our problems and efforts in the his own, also has a family, a community, and OF INDIANA United States, a field in which I can speak a nation that are his own. He has a real IN THE SENATE OF THE UNITED STATES with some authority, in the hope that our stake in a stable, peaceful world, in which Tuesday, June 21, 1955 experience will be of some value to you. he can work out his life's pattern to its Much of what we .have done. and are do­ .fullest. . _ Mr. CAPEHART. Mr. President, I ask ing in the United States has its origins in The freedom of a people is only the multi:. unanimous consent to have• printed in our European heritage, both in tools and plied product of the free citizen in a free ideas. Our country was settled and devel­ home. Where the door of that home may the CONGRESSIONAL RECORD an address oped with axes and plows brought over froin be smashed in at will by the gun butt of the delivered by Mr. Albert M. Cole, Admin­ Europe, and refashioned to serve the require­ police state and the family dragged off to istrator of the United States Housing ments of the New World. And our traditions an untold fate, freedom has been submerged. and Home Finance ·Agency, before the of freedom stemmed from the roots ini­ 13ut freedom is not just something to International Real Estate· Federation in planted by freedom-loving peoples in this have-it is something to use. And the home, Geneva, Switzerland, on June 16, 1955. part of the world. in our beliefs, means more than security­ There being no objection, the address In return for what we borrowed from you, more than a place of refuge or a place to perhaps there are now some things in our hide. The home is also a place to live and was ordered to be printed in the RECORD, own experience that you may find suited to grow and to develop the strength and tal­ as follows: your modern needs and helpful in your own ents of the people. It is the essential basic ADDRESS BY ALBERT M. COLE, ADMINISTRATOR, economies. You, of course, will be the best piece out of which the mosaic of national UNITED STATES HOUSING AND HOME FINANCE judge of that. character, culture, and progress is made. AGENCY, TO THE INTERNATIONAL REAL ES­ Housing is an intensively individual com­ We forbid the Government to tre!'lpass TATE FEDERATioN, GENEVA, SWITZERLAND, modity that varies within even a narrow on our homes and private lives. But we JUNE 16, 1955. geographic range; and much more so on a expect the Government to be concerned I am happy to have this opportunity of world basis. But its individuality of form about our opportunities to have homes, bet­ speaking to this international gathering is in itself an expression of its similarity of ter homes, and to enable us to share in the concerned with the provision of more and purpose in all lands where freedom is prized, Nation's rising standard of living. Within better housing for many people in many wherever the family and the individual are its clearly defined sphere of authority and lands. the all-important end to be served. responsibility, we believe the Government Here housing takes on a new dimension­ In a free world the home is the heart of can and should strengthen and support the a world dimension. Each of us, with our freedom. Deeply rooted in our beliefs and opportunities of all people to better their interest and attention largely fixed on our written unmistakably into the Bill of Rights housing; to improve their living conditions, national problems at home, can take a new of our American Constitution is the concept, within the framework of free communities perspective in our work. ·We are reminded which had its origins in Europe, that a man's and free enterprise. of the common purposes we seek to serve and home must be inviolate. No arm of govern­ This is the philosophy of housing and the mutual advantage we can take by greater ment, no power of police may reach into a community growth that we have established cooperation and understanding in the inter­ man's home against his will, except by due in the United States. It has been firmly national field. process of law established and sanctioned secured and implemented under the new We have tried to promote such a coopera­ by the people themselves. and reorganized housing policies and pro­ tive interchange between the United States Today we value this individual right more grams put into effect, with the approval of and other countries through the Interna­ than ever, as we see the tyrannies of our the Congress, by President Eisenhower. tional Activities Staff of the Housing and present era turn free homes into cell-blocks Let me tell you about some of the prin­ Home Finance Agency, which I head. We of the state and the citizens into its pris­ cipal responsibilities that our Government have sought to develop a free trade of knowl­ oners. We do not want to have loose in this has in housing and related fields, and their edge and techniques-a two-way exchange modern world the surly power that strikes relationship to the people and to private of housing experience as much for our bene­ terror into the hearts of the people with a enterprise. fit as for that of other lands. knock on the door in the dark of night. Housing in the United States has tradi­ · I have also had some personal introduc­ This is a peril that we understand. When tionally been, and still remains, the func­ tion to the housing economies of Europe. A the free home is invaded by the steel voice tion of the private-enterprise system. This few years ago, when I was in the United and the iron boot in any free land, we un­ is the system that we believe in because it States Congress, I was a member of a special derstand that our own thresholds are en~ serves us best and is consistent with our <:ommittee that spent several weeks observ­ dangered and our own freedom is at stake. belief that Government must be the servant ing housing activities and programs in This, more than anything in the American and the aide of the people-not their mas­ Great Britain, Norway, Sweden, Denmark, the citizen's heart, has sent him to join you in ter, nor even the· benefactor to whom they Netherlands, Belg.tum, Switzerland, and your battles for the freedom of person and mus,t look for the blessings of life. 8898 CONG~SSIONAL RECORD - HOUSE June 21 For the past quarter of a century, how­ the financing of homes, and the encourage .. ttzed mortgages which·are paid off, both as to ever, Government responsibility for the peo­ ment of savings and thrift. principal and interest, through moderate ple's housing welfare has been rec9gnized The individual investments can be and monthly payments. The FHA type of mort­ and accepted in various forms. Only in such 1n most cases are small, even $100 or less, gage has proved so successful that it is now an emergency as the war, however, has Gov­ and the average individual account is less the standard for mortgages made for .an ernment been granted the temporary power than $2,000. types of home loans in the United States. to control and direct the housing economy. Today, however, these institutions cur­ The general adoption of this type of And that power-was quickly terminated when rently .finance about 40 percent of new home financing has greatly stimulated home build­ the war ended. construction and existing home purchase. . ing and resulted in a rapid rise in home Many things have been tried, some dis­ .Total in:vestments are well over the $20 bil­ ownership in the country. Home owner­ carded, some retained, most of. them modi­ lion figure, and the number of individual ship has now reached 56 percent of all fied or revised. They have been shaped into investment accounts more than 8 million. housing compared to about 40 percent 15 what today is a basically consistent and Here is what the Government, through the years ago. The housing market demand has well-defined set of limited aids, geared to Home Loan Bank System, has done to make been greatly- enlarged to embrace the great private effort and local citizen decision. this source of mortgage capital secure and mass of American families, and the housing In its supplementary role, the Govern­ .attractive both to the small investor and industry ha::; become a large, well organized ment, with a few minor and special excep­ the average homebuyer. part of-our economy. The handicraft meth­ tions, does not build homes, does not make Funds are made available through a re­ ods of construction have been superseded loans, and does not give subsidies to indi­ serve credit pool, independent of the com­ by large-scale, mass operation in our urban viduals to buy homes. Indirectly, however, mercial bank system, and extended through centers. through established private market channels, .a system of 11 regional home loan banks un­ · Today the dominant force in mass build­ it helps to make adequate home financing der the supervision .of the Home Loan Bank ing is the operative builder, who builds available on terms that most people can Board. They are advanced to members on homes in large numbers, developing large ·afford. It also extends certain loans and terms up to lo-years. This provides a steady tracts-sometimes entire communities­ subsidies to local governments for special flow of capital and credit in line with mort­ with the assurance that financing will be needs, such as the clearance of sl urns and gage market needs, and protection against available for the homebuyer to buy his prevention of blight, and for the improve­ sudden area or local contractions in eco­ home and that this will be a profitable ven­ ment of housing for low-income families. nomic and financing conditions. ture. Builders producing more than 100 In the limits of this tallt, I cannot discuss In addition, through the Federal Savings homes a year accounted for more than one­ all of our Government housing activities. I and Loan Insurance Corporation, also oper­ third of the new homes built in 1949. This will, therefore, center on certain ones that ating under the Board, individual investors compares ·.vith only 11 percent for the same I believe will be of most interest to you and in these institutions are insured against loss group 10 years earlier. of greatest value in terms of your own prob­ ·up to $10,000. The FHA has been an important -influ­ lems and responsibilities. Although the initial capital for the system ence in this growth, both directly and indi­ Let me first make clear, however, that was provided by the Government, this has rectly. Since it started in· 1934, the FHA while many of our Government programs de­ now been largely paid off and replaced by has insured mortgages covering nearly 4 veloped separately over the years, they are capital from the participating institutions. million sale and rental units, totaling nearly today linked and coordinated in their ad­ 'I'he Government continues, however, to sup­ $23 billion. Losses have been negligible and ·ministration and use, with common objec­ port the system by agreement to advance repayments far in advance of schedule. tives. Nearly all of the major housing and funds ·if necessary should conditions make About $13 billion of the mortgages insured related activities-except the GI home loan this necessary. are currently outstanding. program under the Veterans' Administra­ No Government funds, however, are di­ The veterans home-loan program, estab­ tion-are embraced in the framework of the rectly involved in the operations; the system lished in 1944, is basically similar ·to the Housing and Home Finance Agency. As Ad­ is self-supporting. · FHA program. In this case, however, the ·ministrator of t:his Agency, it is my primary Today the.re are 4,200 member institutions Government directly guarantees private task under the direction of the President, under the Home Loan Bank System. Their "loans. It also pays administrative costs and ·to coordinate and supervise the Agency's 'mortgage investments until a year ago were losses, which thus far have been minor. The various programs. limited to a maximum of $20,000, but to re­ terms are in some respects more liberal. The Federal Government first entered the n short-term, high-risk loans. The aver­ uals. The initial need, which became an urgent age mortgage in earlier days was for a short To assure a steady ·1ong-term market for one after the mortgage market was demor­ term, was not amortized, and carried a rela• FHA and V.\ home loans, the Federal Na­ ilized following the 1929 depression, was for tively high interest rate. When money be­ tional Mortgage Association operates as an­ a stable, assured source of home mortgage came tight, forced foreclosures resulted in other agency within the Housing and Home financing. As a result, the Home Loan Bank heavy losses both to borrowers and lenders. Finance Agency. The FNMA buys and sells System was created in 1932. It was designed To make mortgage lending for the average such mortgages, according to the capacity to stabilize and encourage the growth of family sound and available and to improve of the private investment market to absorb mutual savings and building groups which -housing standards and stimulate building, them. Last year Congress reorganized this had existed, but often failed, for a century. the Federal Housing Administration was es­ operation, to make private capital its nor­ These savings and loan associations, as tablished in 1934. This program provides mal source of funds. However, Government we call them, are local institutions. They Government insurance, under a mutual sys­ support is permitted for special needs where derive their funds not in competition with tem, for private home loans. These include private financing is not adequate. other needs from the great centers of invest­ loans both for new and existing homes, as We have achieved, I believe, what for our ment capital, but from the great mass of well as for rental and cooperative housing, economy is a basically sound and success­ unassembled savings of the local citizens. . and also short-term loans for the repair and ful approach tp the production and mar­ They invest these savings in residential mort­ modernization of homes. keting of homes in the United States for gages for the housing needs of the average · This, too, is a. self-supporting system, fi­ the benefit of the great mass of our people. citizen in the locality. · nanced through premiums, but with Govern­ Since 1949 we have been building new homes This assembling of relatively small invest­ ment credit behind it. Requiring a rela- · in our nonfarm areas at the rate of more ments from the local people has been emi­ tively small down payment, it underwrites than a · million up.its a year, with as many nently successful. It may suggest a source private mortgages for terms up to 30 years as 1,300,000 possible this year. I believe we of mortgage capital to other countries for at moderate interest rates. These are amoi:- will continue to· produce homes-good 1955 . CONGRESSIONAL ·RECORD--HOUSE 8899

oomes~at approximately this"rate, and ev.en . insurance o~ private · J.toaru;.. is p:rl!l:vlded for . the free home, is th.e nucletts-of a. free coun­ higher;.for many years to come. financing the redevelopment and rehabili­ try and a free people. He wm defend his We haven't licked all our ·problems, how- tation of these renewal areas by private en­ home against th.e · despoilers of freedom · ever. We still have not found a satisfactory terprise. Special insurance is· also extended abroad in the. world today, and he -is now . solution to our lowest-income housing needs. to underwrite low-cost new or rehabilitated: eq:uaily determined tco protect the home and We ha-· P. extended sl!lbsidies to local com­ private housing for the rehousing needs ()f his way of life against the corrosive effect of munities to ·provide _al<>out 450,000 units of lower-in.come families. .displac.ed b,y these neglect and inaction. locally owned housing for ~his purpose to and related activities. Public housing sul;>­ In the end, all our housing, all our com­ date. We are cgntinuing to do this on a sidies also are still available, ·on a limited munity improvement efforts have one. end restricted basis, not only· because of the basis, for rehousing low-income families who, purpose in mind--not the. ho.use, not the low-income problem but because of larger, as yet, cannot otherwise be adequately cared city, but rather the family and the citizen community problems that are tied into it. for. and their way of life. We are developing, however, other means · Nearly 300 communities; from small towns. · It has been a. distinct prhilege for me to for meeting .these needs through .private of a few thousand to great cities like New give you this very condensed, but, I hope effort. We hope that this will enable us York and Chicago, are.activeLy participating useful review of some of our major efforts to eventually remove Government substan- . under this and preceding programs. About and problems in the hou~ing and com-· tially from the field of housing subsidy. 7,000 acres of urban blight and slums, in­ munity field irt the United-States. l hope it · All of our efforts, however, are not con­ volving nearly I00,000 dwelling units, are or will serve as a small, part payment of a long­ cerned with the individual home and home­ soon will be under actual clearance. standing obligation we owe to the ideas and o.wner. We also have some very pressing But this, large as it is, is. only the begin­ ideals that have come to us from your lands problems involving the community of ning, only a small part of all that has to be and have become a part of our free way of homes-the towns and the metropolitan done. The greater effort, the community­ life in America• . cities which are the nerve centers of our wide attack, .under the full program has only modern economy and which create the en­ just started. vironment in which most of our people must. I want particularly to say that in this live. communitywide and nationwide movement The United States has long been a. coun­ to redeem and restore our urban areas, the In Support of Amendments to the Rail· try in a hurry. You more patient people real estate - profession-the realtor as we road Retirement Act of 1937 in Europe have often told us that. Like know him-has been, for years, in the fore­ the white rabbit in_ Alice in Wonderland, front of our leadership. Many of the most we've been rushing along fearing that we active community programs now underway EXTENSION OF REMARKS were already late for the party, and having have been spearheaded by the·realtor group. OF neither time nor patience to listen and to In. much of this housing and community look behind or about us. progress in our country, the rear estate pro­ HON. JAMES ROOSEVELT . In recent· years, . however, we've been fession has been a powerful generating force. OF CALIFORNIA forced to stop and look around. We've been. lt has not only carried through on the pro­ IN THE HOUSE OF REPRESENTATIVES stopped by the very congestion that our grams that have been put into effect, but in rapid progress has piled up in the heart of many cases has led the way and generated Tuesdau, June 21, 1955 our cities. We've been hindered by the fi­ the strength that brought these efforts into nancial dilemmas that have been saddle.d existence. Mr. ROOSEVELT. Mr. Speaker, un­ on our fast-growing but fast-deteriorating The realtor in our cpuntry stands at a der leave to extend my remarks in the communities, and by the double. burden of strategic focal point in our housing econ­ RECORD, I include a statement which I providing homes for our growing population omy-the point at which the lender, the made before the Subcommittee on ' and .of correcting the blighted housing of seller, the buyer, and also the local official Transportation and Communications of much ot our .existing supply. . are brought together and their respective the House. Committee on Interstate and These are problems not unlike those in interests combined into an accomplished Foreign Commerce, on June 17, 1955: ·many of your European centers.. In. the re£ult. Without his· skills and knowledge, 'United States the.y hl!-ve grown too large, the housing economy we have sought to Mr. Chairman and members of the sub­ under our system, for local and private re­ shape would be likely a :finely designed train committee, I wish to thank the members of sources alone to deal with., We have con­ with no track to run upon. this committee for granting me the privi­ cluded that Federal help is appropriate and our thinking has also broadened to lege to appear before you in support of H. R. 4744, a bil:l in· which I am very interested, as necessary to supplement these resoutces; to ~ecognize that housing is more than in­ correct our urban deficiencies and to assure dividual shelters-it is a whole community, I have introduced H. R. 5039, an identical bill. a soundly planned community. The urban. As a freshman Member of Congress, I am. the health and solve.ncy of o.ur modern. eager to do all that I can to assist any group economy. planner was, not too long ago, regarded with s.omething like· suspicion as a man who want­ of retired workers. Aft.er some earlier partial starts ·to meet I represent a district where many railroad this need, we developed last year, . at the. ed to keep us from doing what we wanted to. do. Today, however, he is a sought-after people live, and before being elected to Con­ urging of the President; a full-scale. program gress, as well as since then, I have had many of cooperative Federal help with local com­ specialist, as our urban communities fran­ tically ask him to come in and disentangle opportunities to become acquainted with munities and private enterprises. Our aim them and to learn their problems. is not only to clear ari.d redevelop the run­ them from the unplanned results of some of our past Epeedy growth. It is a pleasure for me to recommend that. down, slum sections · of· our cities, but also you give favorable consideration to H. R. 4744. to restore declining areas and prevent and I do not mean to give you the idea that, we have somehow waved a wand over the This bill will eliminate the inequitable dual seal off the future spread of blight. benefits prohibition as it applies _to widows. It is one of the most imaginative and dy­ United States and made all our problems dis­ appear. Come visit us, and while you will I understand the last session of Congress namic national efforts we have ever under­ see a great deal that is modern and well eliminated this prohibition as it applied to taken. And it has called forth an enthusias­ planned, you will not, be able to miss some the pensfoners themselves. I feel this recti­ tic and active response from American com­ of the problems and deficiencies I have fication is overdue and that the plight of munities and American industry. talked about. But what you will find, in. widows affected by this provision ean be al­ The program itself, which we now can a nearly all ·our communities, is that some­ leviated by the passage of this bill. program for urban renewal, begins and re­ thing is being done about them-active, This bill would also assure spouses receiv­ mains with the local community and private positive undertakings are being developed to ing annuities under the Railroad Retirement ~nterprise. They initiate the plans, under­ correct these conditions and solve these prob· Act a benefit that would be no ress than the take complete analysis and proposed treat­ lems in the foreseeable. future. maximum benefit payable under the· Social ments of their problems. These may require There are many reasons why the people of. Security Act. The maiximum benefit under either full-scale clearance and redevelop­ the United States are. concerned, and have social security has increased from time t<> ment of parts of the city, a rehabilitation undertaken comprehensive action in. the time, and this provision would allow spouses or preventive measures in less seriously af­ housing and community field. Housing is a. under the railroad retirement system to re~ fected areas, or a combination of both. very vital p.art of our whole economy, and cei:v.e similar increases in the case of maxi­ The Federal Government, at ·the com­ i:epresents one pf the major fields of economic mum annuities. munity's request, then is authorized to make activity, employment, and income to our I am also pleased to note that this legisla­ loans and. grants to local agencies for the people. It is also an essential determining tion under sections 5 and 6 calls for the pro­ clearing and replanning. ~peeial assistance factor In our social structure; if neglected~ tection of employees of the Railroad Retire­ ls also provided for overall and specific plan­ it aggravates our problems of crime,- de­ ment Board who fall under civit service. I. ning, both in metropolitan areas and in linquency, sanitation, and health. recall the attempted transfer last year of a, smaller towns. · But these considerations alone would not number of positions on the Board to schedule The reconstruction or rehabilitation of account for ~he widespread popular _con­ C, making these positioms subj,ect to. politi­ these areas, however, is undertaken by pri­ cern and support that the measures now cal whims, instead of retaining them in the vate ·enterprise, or by local bodies, depending underway have won among the American respected caliber where they justly belong.. on the type of redevelopment.· Through people. More fUndamental is the American To prevent the strictly politically minded' the Federal Housing Ad'ministra~ion, spe9'ial , citizen's deep-seated belief that the home, from a~tempting a similar raid in the future. 8900 CONGRESSIONAL RECORD - HOUSE June 21 I feel it ls proper to include them under the eral Chestnut, our kinsman's husband; that though abused and maligned, cast into _ protection _of law. lost both eyes in one of the hundreds of prison and crucified with indignities, he ac­ I have been deluged with letters from re­ cepted his fate unflinchingly and bore his battles that were fought during these sufferings with tlie fortitude of the soldier tired railroad constituents pleading for some long, terrible 4 years. increase in annuities. I, of course, favor as and Christian that he was. He had fought much relief for them as possible within the Mr. Speaker, under unanimous con­ the fight and lost. Defeated, he would. limitations of the railroad retirement fund. sent to revise and extend my remarks, I abide by the decision as did · Lee; Beaure­ I wish to state at this point that I will be include herein a part of my speech made gard, Hampton, and that amazing galaxy of happy to support any future legislation of in Statuary Hall on June 3, 1955, and the Confederate chieftains who followed -the this kind that is actuarially sound. But for invocation and benediction by Rev. Southern. Cross through the smoke and the moment, I · understand H. R. 4744 is Vladimir E. Hartman: thunder of a thousand battles. the extent to which changes in the act are Never once in the years after the fall of desired. I am pi.eased to lend my support PRAYERS GIVEN AT THE 147TH BIRTHDAY ANNI• the Confederacy did retreat to this beneficial legislation, and urge mem­ VERSARY OF JEFFERSON DAVIS, STATUARY HALL, from his fundamental belief in the basic bers of the committee to approve it without UNITED STATES CAPITOL, JUNE 3, 1955 right of secession. Nor would he accept a delay. INVOCATION pardon from President Johnson for some­ Thank you for the opportunity to appear "Let us now praise f

us hope which rises above frustration, S. 654. An act to amend the Servicemen's SENATE patience which will bear the strain of Readjustment Act of 1944 to extend the waiting, good will which cannot be dis­ authority of the Administrator of Veterans' WEDNESDAY, JUNE 22, 1955 couraged even by duplicity, and forgive­ Affairs to make direct loans, and to author­ ize the Administrator to make additional The Chaplain, Rev. Frederick Brown ness for those who repent as we ourselves types of direct loans thereunder, and for Harris, D. D., ofiered the following ask to be forgiven: In the Redeemer's other purposes; and prayer: name. Amen. S. 1419. An act to lower the age require­ ments ·with respect to optional retirement o Thou whose throne is truth, frail of persons serving in the Coast Guard who creatures of dust serving out our brief THE JOURNAL served in the former Lighthouse Service. · day on the world's vast stage, we would set our little lives in the midst of Thine On request of Mr. JOHNSON of Texas, eternity and feel about us Thy greatness and by unanimous consent, the reading REPORT OF NATIONAL ADVISORY and Thy peace. Like flowers in June of the Journal of the proceedings of Tuesday, June 21, 1955, was dispensed COUNCIL ON INTERNATIONAL gardens uplifted to the sun, like still MONETARY ANDFINANCIALPROB­ waters that mirror the eternal stars, so with. we would lift our yearning souls to Thee, LEMS-MESSAGE FROM THE PRESIDENT