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76 Senator. Famous Funnies?

Mr. . Famous Funnies which was the publishers of the first comic book that ever appeared, they are still members.

Senator. Hillman Periodicals, Inc.?

Mr. . They are not.

Senator. Parents' Institute, Inc.?

Mr. . They went out of business entirely.

Senator. Gleason Publications, Inc.?

Mr. . Is still a member.

Senator. McCombs Publications, Inc.?

Mr. . They went out of business.

Senator. Golden Willow Press?

Mr. . They are not.

Senator. Did they leave the association?

Mr. . I don't remember now, Senator, whether it demised or whether they left.

Senator. Avon Periodicals, Inc.?

Mr. . They left.

Senator. Ace Magazines?

Mr. . They left.

Senator. Orbit Publications, Inc.?

Mr. . They left.

Senator. They left?

Mr. . Yes, they left.

Senator. You seemed to say that with a smile. Does that have any significance?

Mr. . I don't remember the detatls of each one of these eom- panies, Each one wes an incident around a busy career on this prob- lem, so they bring back all kinds of memories.

Senator. Superior Comics?

Mr. . Superior Comics, I believe, gave up business, although I really don't know.

Senator. Consolidated Magazines, Inc.?

Mr. . They are no longer members.

Senator. I do not see Atlas in this group.

Mr. . Atlas was a more recently formed company since the formation of that code and Atlas became a member about 2 years Ago.

Senator. Is Atlas still a member?

Mr. . Yes, they are.

Senator. Now, Mr. Schultz, actually, in this association, how many employees do you have?

Mr. . I presume there are now two of us considered employees. We have a man who acts as general secretary and I am general counsel.

Senator. What is the budget of the association?

Mr. . We spend about $15,000 a year.

Senator. How many members do you have left in it?

Mr. . About 12.

Senator. So. that two part-time employeesyou as general counsel, and one employeeyou make no effort really to look over and see what they are publishing and you have no sanctions, so actually you admit that the association has just about gone out of business?