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Long Beach Press Telegram in Long Beach, California

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This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

Long Beach Press Telegram

Location

Long Beach, California, United States of America

Date

Jul 19, 1954

Page

7

Million Dollar Profit Reported in Military Housing Case

Senate investigators heard four Ohio military housing project builders earned nearly a million dollars from the Wherry Act program at Wright Patterson Field. The Page Manor Management Corp. sponsors claim profits came from FHA insured loans versus construction costs, with two corporations used to route funds. Company stockholders reportedly shared ownership across both entities, enabling profits while certifying mortgage needs.

Washington Senate Ohio Internal Revenue Service David Moss New York City Link Cowan Shawnee Senate Banking Committee Clint Murchison Jr Fexus Norman K. Winston New York Moss Ers Page Manor Management Corp Wright- Patterson Field Federal Housing Administration Sen Capehart R Ind Corporation

Disputed Items Stall Eisenhower Program Adjournment

Senate debates over four disputed items block progress on Eisenhower program reforming taxes housing and atomic energy with a possible August adjournment. Senate moves to censure Senator McCarthy threaten daily work as conference committees tackle housing and tax revisions and a farm bill compromise remains in doubt.

Washington Eisenhower Senate Sen. Flanders Sen. McCarthy R-Wis Senate House Conference Committee

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