ADMINISTRATIVE DIVISION

PERSONNEL

On June 30, 1928, the commission consisted of William E. Humphrey, of Washington, chairman; Abram F. Myers, of Iowa; Edgar A. McCulloch, of Arkansas; G. S. Ferguson, jr., of North Carolina; and C. W. Hunt, of Iowa.

The term of office of Commissioner John F. Nugent, of Idaho, expired September 25, 1927, Mr. Garland S. Ferguson, jr., of North Carolina, under date of November 12, 1927, was given a recess appointment to fill the vacancy, taking the oath of office and entering upon duty November 14, 1927. On December 17, 1927, the President sent to the United States Senate the nomination of Mr. Ferguson to be a Federal trade commissioner for a term of seven years from September 26, 1927. The nomination was confirmed January 4, 1928, and Mr. Ferguson took the oath of office and entered upon duty under the new commission January 9, 1928.

Under date of June 11, 1928, the President appointed Abram F. Myers, of Iowa, a Federal trade commissioner for a term of seven years from September 26, 1928, as a recess appointment, under which Mr. Myers took the oath of office June 19, 1928, succeeding himself. Mr. William E. Humphrey was elected chairman of the commission for the year December 1, 1927, to November 30, 1928, succeeding C. W. Hunt; and Abram F. Myers was elected vice chairman for the same period.

The personnel of the commission at the close of the year ended June 30, 1928, consisted of five commissioners and 344 employees, with a total pay roll of $918,980, which included $50,000 for the salaries of the commissioners, leaving a pay roll of $868,980 for the 344 employees. During the year 89 employees entered the service and 33 left the service of the commission. Of the total personnel of 349, including the commissioners, at the close of June 30, 1928, 189 were under the civil-service appointment and 155 employees and 5 commissioners held excepted positions.

At the close of the fiscal year the commission had 57 employees who have had United States naval or military service. The total number of women employees was 122. The total number of employees coming under the provisions and benefits of the retirement law at the close of the fiscal year was 193. The amount of money deducted during the fiscal year from the salaries of employees subject to the provisions of the United States civil service retirement law amounted to $14,515.62. Of the grand total of the personnel of 344 employees,. 206 were administrative employees, 82 attorneys, 29 economists, and 27 accountants.

109

PUBLICATIONS

The following publications were issued during the year:

Annual Report for the Fiscal Year Ended June 30, 1927; issued December 5, 1927; 224 pages.

Stock Dividends (in response to S. Res. 304, 69th Cong., 2d sess.; printed as S. Doc. 26); issued December 5, 1927; 273 pages.

Petroleum Industry-Prices, Profits, and Competition (in response to S. Res. 31, 69th Cong., 1st sess.; printed as S. Doc. 61); issued December 12, 1927; 360 pages.

Rules of Practice and Procedure, amended; issued January 1, 1928; 16 pages.

Competition and Profits in Bread and Flour (in response to S. Res. 163, 68th Cong., 1st sess.; printed as S. Doc. 98); issued January 11, 1928; 509 pages.

Supply of Electrical Equipment and Competitive Conditions-second and concluding volume of report on the electric-power industry (in response to S. Res. 329, 68th Cong., 2d sess.; printed as S. Doc. 46); issued January 12, 1928; 282 pages.

Panhandle Crude Petroleum; issued February 3, 1928; 19 pages.

Cottonseed Industry (in pursuance of H. Res. 439, 69th Cong., 2d sess.; printed as H. Doc. 193); issued March 5, 1928; 37 pages.

Trade Practice Conferences; issued March 15, 1928; 82 pages.

Cooperative Marketing (in response to S. Res. 34, 69th Cong., special sess.; printed as S. Doc. 95); issued April 30, 1928; 721 pages.

Utility Corporations No. 1-a monthly report on the Electric Power and Gas Utilities Inquiry (in response to S. Res. 83, 70th Cong., 1st sess.; printed as S. Doc. 92); issued March 15, 1928; 46 pages.

Utility Corporations No. 2-a monthly report on the Electric Power and Gas Utilities Inquiry (in response to S. Res. 83, 70th Cong., 1st sess.; printed as S. Doc. 92); issued April 16, 1928; 185 pages.

Utility Corporations No. 3-a monthly report on the Electric Power and Gas Utilities Inquiry (in response to S. Res. 83, 70th Cong., 1st sess.; printed as S. Doc. 92); issued May 15, 1928; 571 pages.

Utility Corporations No. 4-a monthly report on the Electric Power and Gas Utilities Inquiry (in response to S. Res. 83, 70th Cong., 1st sess.; printed as S. Doc. 92); issued June 15, 1928; 637 pages.

Copies of these publications may be purchased from the Superintendent of Documents, Washington, D. C., for nominal sums.

FISCAL AFFAIRS

Appropriations available to the commission for the fiscal year ended June 30, 1928, under the executive and sundry civil act approved February 11, 1927, amounted to $984,350. This sum was made up of three separate items: (1) $50,000 for salaries of the commissioners, (2) $917,850 for the general work of the commission, and (3) $16,500 for printing and binding.

Expenditures and liabilities for the year amounted to $968,465.15, which leaves a balance of $15,884.85. This represents a balance (1) of $1,361.12 in salaries for commissioners and (2) $14,523.73 in the lump-sum appropriation.

1

1

The appropriations, expenditures, liabilities, and balances are tabulated as follows:

Statement of costs for the fiscal year ended June 30, 1928

Detailed statement of costs for the fiscal year ended June 30, 1928

Detailed statement of costs for the fiscal year ended June 30, 1928-Continued

Adjustments.-The following adjustments are made to account for

the difference between costs and expenditures:

Total cost for the year ended June 30, 1928---.

Less transportation issued____

New total____

Plus transportation paid-‒‒‒‒.

Expenditures for the year ended June 30, 1928

$966, 391. 12

27, 905. 82

938, 485. 30

27, 984. 24

966, 469. 54

Appropriations available to the commission since its organization and expenditures for the same period, together with the unexpended balances, are shown in the following table:

X

LIBRARY

The library has a collection of more than 25,000 books, pamphlets, and bound periodicals devoted largely to the subjects of law, economics, and industries. In addition are extensive files of clippings, leaflets, etc. The distinctive features of the economic collection are the files relating to corporation and trade association data and files of trade periodicals for the more important industries. There is a function peculiar to the commission's library in the character of work it performs, and that is in the material it gathers in the form of pamphlets, corporation reports, association records, current financial and statistical services, catalogues, and trade lists which are not ordinarily found in libraries of even a technical character. The greater amount is furnished gratuitously. This material furnishes a valuable adjunct to the investigatory work and is adapted to furnish leads to examinations rather than to complete and substantive information on the subject matter. The law collection consists chiefly of the various national and regional reporter systems and the more important encyclopedias and reference books that are commonly found in law libraries. The distinctive feature is a file of records and briefs of antitrust cases which were acquired without expenditure. Care is exercised to limit the purchase of books and periodicals to supply only those needed constantly and immediately in the commission's work. The commission is far removed from other Government libraries and must have available sufficient volumes to answer the ordinary requirements of the legal and economic force. The Library of Congress and the department libraries are freely drawn. upon to supplement the commission's limited collection.