Page images
PDF
EPUB

HEARING

4 - MAR 1 2
Copy 1964

BEFORE

SUBCOMMITTEE 2

OF THE

RRD DIVISION

11.5. Con qas. Howie. COMMITTEE ON

THE DISTRICT OF COLUMBIA,
HOUSE OF REPRESENTATIVES

EIGHTY-EIGHTH CONGRESS

FIRST SESSION

ON

H.R. 4200

TO PROVIDE FOR THE REGULATION OF THE BUSINESS OF
SELLING SECURITIES IN THE DISTRICT OF COLUMBIA AND
FOR THE LICENSING OF PERSONS ENGAGED THEREIN,

AND FOR OTHER PURPOSES

MAY 2, 1963

Printed for the use of the
Committee on the District of Columbia

4-6ozou

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON : 1964

29-313

HOOSE COMMITTEE ON THE DISTRICT OF COLUMBIA

JOHN L. MCMILLAN, South Carolina, Chairman THOMAS G. ABERNETHY, Mississippi JOEL T. BROYHILL, Virginia HOWARD W. SMITH, Virginia

JAMES C. AUCHINCLOSS, New Jersey WILLIAM L. DAWSON, Illinois

WILLIAM L. SPRINGER, Illinois JOHN BELL WILLIAMS, Mississippi ANCHER NELSEN, Minnesota ABRAHAM J. MULTER, New York

ALVIN E. O'KONSKI, Wisconsin JOHN DOWDY, Texas

WILLIAM H. HARSHA, Ohio
GEORGE HUDDLESTON, JR., Alabama CHARLES MCC. MATHIAS, JR., Maryland
BASIL L. WHITENER, North Carolina FRED SCHWENGEL, Iowa
JEFFERY COHELAN, California

FRANK J. HORTON, New York
FERNAND J. ST GERMAIN, Rhode Island RICHARD L. ROUDEBUSH, Indiana
JAMES W. TRIMBLE, Arkansas
B. F. SISK, California
CHARLES C. DIGGS, JR., Michigan
G. ELLIOTT HAGAN, Georgia

JAMES T. CLARK, Clerk
CLAYTON GASQUE, Staff Director

HAYDEN S. GARBER, Counsel

.

SUBCOMMITTEE No. 2

THOMAS G. ABERNETHY, Mississippi, Chairman JOHN DOWDY, Texas

WILLIAM L. SPRINGER, Illinois FERNAND J. ST ERMAIN, RI Island CHARLES ICC, MATHIAS, JR., Maryland JAMES W. TRIMBLE, Arkansas

WILLIAM H. HARSHA, Ohio B. F. SISK, California

ALVIN E. O'KONSKI, Wisconsin G. ELLIOTT HAGAN, Georgia

II

61

61

62
63

36

153

29

37

MATERIAL SUBMITTED FOR THE RECORD
Association of Casualty & Surety Companies : Marsh, David M., assistant

counsel, letter dated March 27, 1963, to Chairman McMillan.

Better Business Bureau of Metropolitan Washington :

McCarthy, Leland S., managing director, letter dated May 2, 1963, to

Chairman Abernathy-

Resolution of March 27, 1961.
Department of Justice :
Acheson, David C., U.S. attorney for the District of Columbia :

Letter dated May 17, 1963, to Chairman Abernethy---
Letter dated June 21, 1963, to Chairman Abernethy (appendix ) -

Complete statement submitted for the record..
Katzenbach, Nicholas deB., Deputy Attorney General: Letter dated

May 2, 1963, to Chairman JcMillan.--
District of Columbia government :

Bryan, Irving, Assistant Corporation Counsel : Separate statement,

dated July 15, 1963 (appendix) --
Clarke, E. J., Acting President, Board of ('ommissioners : Letter dated

February 25, 1963, to Hon. John W. McCormack, Speaker, U.S.

House of Representatives, enclosing draft of proposed legislation---
Tobriner, Walter X., President, Board of Commissioners : Letter dated

July 22, 1963, to Chairman Abernethy (appendix )

Department of Insurance Rates and Regulations re variable annuity

contracts.

Gilbertson, Larry D., vice president and general counsel, Variable Annuity

Life Insurance Co. of America,

('ommerce Clearing House, Inc., General Guide:

Excerpt from, re securities regulation---

Letter dated May 7, 1963, to James T. Clark, clerk, enclosing rules

under the Maryland Securities Act---

Senate Report 2109, 82d Congress, 2d session, "Constructive Sale

Price for Purposes of Certain Manufacturers Excise Tax”.

Statement of Larry D. Gilbertson...

160

45

159

148

134

132

« PreviousContinue »