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HEARINGS

BEFORE THE

COMMITTEE ON FINANCE
UNITED STATES SENATE

SEVENTY-SECOND CONGRESS

SECOND SESSION

PURSUANT TO

S. Res. 315
AUTHORIZING AND DIRECTING THE FINANCE COMMITTEE
TO MAKE AN INVESTIGATION AND STUDY OF THE PRESENT

ECONOMIC PROBLEMS OF THE UNITED STATES WITH
A VIEW TO SECURING CONSTRUCTIVE SUGGESTIONS

WITH RESPECT TO THE SOLUTION

OF SUCH PROBLEMS

FEBRUARY 13 TO 28, 1933

Printed for the use of the Committee on Finance

UNITED STATES
GOVERNMENT PRINTING OFFICE

WASHINGTON : 1933

159450

85 19330

COMMITTEE ON FINANCE

REED SMOOT, Utah, Chairman JAMES E. WATSON, Indiana.

PAT HARRISON, Mississippi. DAVID A. REED, Pennsylvania.

WILLIAM H. KING, Utah. SAMUEL M. SHORTRIDGE, California.

WALTER F. GEORGE, Georgia." JAMES COUZENS, Michigan.

DAVID I. WALSH, Massachusetts. HENRY W. KEYES, New Hampshire.

ALBEN W. BARKLEY, Kentucky. HIRAM BINGHAM, Connecticut.

TOM CONNALLY, Texas. ROBERT M. LA FOLLETTE, JR., Wisconsin, THOMAS P. GORE, Oklahoma. JOHN THOMAS, Idaho.

EDWARD P. COSTIGAN, Colorado. JESSE H. METCALF, Rhode Island.

CORDELL HULL, Tennessee. DANIEL 0. HASTINGS, Delaware.

ISAAC M. STEWART, Clerk

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Page

Statement of

Aldrich, Winthrop W., chairman of the Governing Board and presi-

dent Chase National Bank of New York..

521-555

Anderson, S. W., New York City---

162

Anderson, W. J., Macon, Ga. (letter).

966

Arendtz, Dr. Herman F., Boston, Mass---

Armstrong, George W., president Texas Steel Co., Ft. Worth, Texas,

and Natchez, Miss..

1073

Atterbury, W. W., president of the Pennsylvania Railroad, Philadel-
phia, Pa.--

757

Baldus, S. A., Managing Editor Extension Magazine, Chicago, Ill. 1078

Barker, Lewellys, M.D., Baltimore, Md..

395

Baruch, B. M., New York City--

1, 35

Beck, Thomas H., New York City (letter) -

969

Beinecke, Frederick W., New York City (brief).

893

Bell, James F., Minneapolis, Minn. (brief) -

677

Benjamin, Edward B., President Maginnis Cotton Mills, New Orleans,

La.

1095

Block, Paul, New York City.

77

Brown, Harry G., University of Missouri, Columbia, Mo---

1100

Bullock. John G., Los Angeles, Calif. (letter).

942
Butler, Nicholas Murray, President Columbia l'niversity, New York
City (letter)----

797

Clark, Victor S., Washington, D.C. (letter and brief)

968

Clayton, W. L., Houston, Tex. (letter) ----

941

Cochran, Lamont M., Long Island, N.Y. (letter and statement)

1060

Cone, Julius W., Greensboro, N.C..

420

Cook, Frank B., Salt Lake City, Utah (article) -

1022

Copeland, Morris A., Ann Arbor, Mich. (letter and brief).

1063

Coyle, David Cushman, consulting engineer, New York City

1106

Davis, George H., President Davis-Noland-Merrill Grain Co., Kansas
City, Mo.

963

Davis, John W., New York City (telegram)

1060

Delapenha, R. U., New York City (letter and report)

951

Dennis, Lawrence, New York City----

733

Dennison, Harry S., Framington, Mass..

1109

Dewey, John., Washington, D.('. (letter).

961
Dickinson, Dr. H. C., President of the Society of Automotive Engi-
neers. Washington, D.C.--

264

Dodge, Martin, New York ('ity (radio address).

942

Donham, Wallace B., Dean Harvard Business School, ('ambridge.

Mass..

1123

Draper, Ernest G., New York City-

1125

Duffield, Edward D., President of the Prudential Life Insurance ('0..
South Orange, N.J.

248, 258

Durant, Will, Great Neck, N.Y_

1127

Eccles. M. S., President First Security Corporation, Ogien. Utah.. 703

Ezickson, Dr. William J., Philadelphia, Pa..

1129

Fairchild. Fred R., political economist, Yale University, New Haven,
Conn.

800

Ferguson, Homer L., Newport News, Va.--

1133

Ferry, W. Mont, Vice President and managing director of the Silver

King Coalition Mines Co., Salt Lake City, Utah.

090

Figart, David M., New York City.

1133

Filene, Ellward A., Boston, Mass.

1139

Fisher, Irving, New Haven, Conn.

11.17

Statement of-Continued.

Page
Flanders, Ralph E., President Jones & Lamson Machine Co., Spring-
field, Vt---

427, 975
Flick, Franklin, New York City--

1148
Foster, Dr. William T., Newton, Mass.--

1152
Frank, Glenn, President of the University of Wisconsin, Madison,
Wis.-

760

Garrison, Flint, Director General of the Wholesale Drygoods Institute,

New York

374

Garvan, Francis P., President Chemical Foundation, New York City- 597

Gephart, W. F., St. Louis, Mo. (brief) -

932

Graham, Benjamin, New York City---

1154

Graham, M. K., Graham, Tex. (letter and brief)

954

Grimes, Edward J., Vice President Cargill Elevator Co., Minneapolis,

Minn,

6.37

Harvey, Edward F., Gwynedd Valley, Pa.--

923
Haskell, Henry J., Editor of the Kansas City Star.

446
Hillman, Sidney, 15 Union Square, New York City-

873
Hogan, T. S., Midland, Tex ---

876
olderby, Rer. William Matthew, Washington, D.C.

1163

Houston, David F., President of the Mutual Life Insurance Co. of

New York, New York City-

275

Hylan, Hon. John F., former Mayor of New York City.

223

Ise, John, Lawrence, Kans. (letter)---

1070

Keezer, Dexter M., economist and associate editor Baltimore Sun,

Baltimore, Md---

464

Kemmerer, E. W., Princeton University, Princeton, N.J.

1168

King, Willford I., New York City (letter and statement)

1049

Kingsley, Charles F., Brooklyn, N.Y. (report)

945

Kiwanis Club of Elizabeth, N.J. (brief)

939

Knapp, Joseph P., New York City (brief).

970

Kunnecke, F. J., University of Dayton, Dayton, Ohio.

1180

Legge, Alexander, President International Harvester Co., Chicago, Ill. 561

Leon, Rene, New York City---

171

Lewis, John L., President United Mine Workers of America --

299

Lieberkind, Max, New York City (letter and statement).

1040

Litchfield, P. W., President the Goodyear Tire & Rubber Co., Akron,

Ohio---

496

Lombard, Norman, New York City (brief )---

959

Loree, L. F., President the Delaware & Hudson Railroad Corporation,

New York City-

333

Merkle, Frederick B., Brooklyn, N. Y. (letter).

945

Morrison, Rev. H. C., D.D., Louisville, Ky. (letter).

938

Noyes, A. D., journalist, New York Times---

809

Norvell, Saunders, New York City (letter and article).

963

O'Neal, Edward A., President American Farm Bureau Federation,

Munsey Building, Washington, D.C..

401

Peek, George N., Moline, Ill---

108

Pelley, J. J., President New York, New Haven & Hartford Railroad

Co., New Haven, Conn...

469

Persons, Warren M., New York City--

1190

Peters, A. C., World Trade League of United States, New York City-- 1197

Rand, James H., chairman---

652

Remington Rand, Inc., New York City (letter and brief).

652

Reynolds, Jackson, New York City--

203

Rogers, James Harvey, of Yale University

1238

Richberg, Donald R. (brief).

613

Royster, W. W., chairman Railroad Employees National Pension

Association, Chicago, Ill_---

818

Romih, E. C., President First National Bank, Miami, Florida.

1199

Sexton, Robert II., New York City--

922

Silberling, Dr. Norman J., San Francisco, Calif. (letter and brief) 928

Simonds, A. T., Fitchburg, Mass.

1200

Simonds, Frank H..

505

Simpson, John A., President National Farmers Union, Washington,

D.C.-

582

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