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wPO 7744395 the wen eee nF hata S41 nA aendtnet fhe evtkiaetAdawe sameawrtacs af wl Fé WUE Oo Wa MVetblif, £4200 @eRadilot’ VHS Olle tusal y Noh? UL CAL SD Wa the United States Petroleum Carriers, Incorporated, namely, Victory Carriers, among others. The following information concerning the appointee and the United States Petroleum Carriers, Incorporated, is contained in Senate Report No. 1613 of the 82nd Congress, second session, entitled "Interim Report of the Committee on Government Operations Made Available by its Senate Permanent Sub-Committee on Investigations (Hoey Committee) on the sale of Government owned surplus tanker vessels." In March, 1951, the Sub-Committee on the Reconstruc- tion Finance Corporation of the Senate Committee on banking and currency received testipfony that a group, headed by former Congressman. JUS&Pd BffUxotY, had acquired tanker vessels from disposed of its interest in these vessels at a large profit. After taking some testimony in connection with these tanker transactions, the Reconstruction Finance Corporation Sub-Com- mittee decided that this matter was beyond the scope of the authority of the Sub-Commitwee, and for that reason this case was referred to the Senate Permanent Sub-Committee on Investi- gations for further inquiry. The primary objectives of the Sub-Committee in this inquiry were to determine whether the tankers were purchased and sold in accordance with the Merchant Marine laws and regu- lations and further, to ascertain whether the various individ- uals and corporations who made substantial financial gain in these tanker deals, escaped the payment of Federal taxes. While the Sub-Committee devoted most of its efforts to the investigations of the acquisition and disposal of surplus vessels by the American Overseas Tanker Corporation and _ affiliated companies, it would make some inquiries, as previously indicated in this report, into other cases involving the f disposal of surplus vessels by the Maritime Commission. It appears that JOSEPH H#rO0senBAUlu., a senior partner in the Washington Law Arm of GOOUWIN, KOSBASAUM, MBbaCHaAM and Balubw, and ROcokT wW.YouvsuslY, an associate and later, a nartner in the Rosenbaum Law/irm and a brother-in-law of CasnlY, were | very active in handling clients who sousht to obtain surplus vessels from the Maritime Commission. In a number of these cases CxaosY was associated wit: the Rosenbaum Law Firm. either co-counsel or as a stockholder, or as both. It was determined -2- the United States Maritime Commission and had subsequently -