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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
Washington
Eisenhower
Senate
Sen. Flanders
Sen. McCarthy
R-Wis
Senate House Conference Committee
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