HEARINGS

BEFORE THE

4 - JUN - 2

Copy

SUBCOMMITTEE ON THE JUDICIARY

OF THE

COMMITTEE ON

THE DISTRICT OF COLUMBIA

UNITED STATES SENATE

EIGHTY-EIGHTH CONGRESS

SECOND SESSION

ON

S. 1001 (H.R. 9419)

1964

CARD DIVISION

BILLS TO PROVIDE FOR THE REGULATION OF THE BUSI-.
NESS OF SELLING SECURITIES IN THE DISTRICT OF
COLUMBIA AND FOR THE LICENSING OF PERSON'S EN-
GAGED THEREIN, AND FOR OTHER PURPOSES

MARCH 5, 19, AND APRIL 29, 1964

61608

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

32-278

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON: 1964

THOMAS J. MCINTYRE, New Hampshire PETER H. DOMINICK, Colorado

Acheson, David C., U.S. attorney, representing the Department of

Justice..

Augenblick, Robert L., general counsel, Investment Company In-
stitute, accompanied by Franklin Johnson..

Bernstein, Edgar H., vice chairman, District of Columbia Public
Utilities Commission, accompanied by Joseph S. Greco, executive
secretary

Bryan, Irving, Assistant Corporation Counsel, District of Columbia..
Calvert, Gordon L., municipal director and assistant general counsel,
Investment Bankers Association of America_.

Cary, Hon. William L., Chairman, Securities and Exchange Com-

mission, accompanied by Philip A. Loomis, Jr., General Counsel, and

Alexander J. Brown Jr., regional administrator, Washington regional
office_.__

Congleton, Richard J., general attorney, the Prudential Insurance

Co. of America_.

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

Annuity Life Insurance Co. of America__

Johnson, Franklin R., on behalf of Investment Company Institute__

Jordan, Albert F., Superintendent of Insurance, District of

Columbia.

Marsh, David M., manager, Washington office, Association of Casualty
& Surety Cos..

Nees, Bernard J., chairman, Washington Legislative Committee of
the Investment Bankers Association of America_

Schlaifer, Irving, Washington, D.C.--

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40

72

62, 65

52

79

24

110

101

78

69

117

Steere, Allen C., vice president, Lincoln National Life Insurance Co.,

Fort Wayne, Ind

Von Schmertzing, Wolfgang, president, Service Investment Corp.,

Washington, D.C...

West, Millard F., Jr., governor, Association of Stock Exchange Firms.

Zahn, Hillman, vice president, the Chesapeake & Potomac Telephone

Co...

Communications-

Better Business Bureau of Metropolitan Washington, Leland S.

McCarthy, managing director: Letter, dated March 2, 1964, to

Hon. Vance Hartke..

Board of Commissioners, District of Columbia, F. P. Clarke, Acting

President: Letter, dated February 25, 1963, to Hon. Lyndon B.

Johnson, President, U.S. Senate, containing a draft of a bill (sub-

sequently S. 1001).

Board of Commissioners of the District of Columbia, President

Walter N. Tobriner: Letter, dated March 4, 1964, to Hon. Alan

Bible, chairman, Committee on District of Columbia, re Com-

missioners' report on H.R. 9419 and S. 1001..

Dawson, Griffin, Pickens & Riddell, Donald S. Dawson, member:

Letter, dated March 4, 1964, to Hon. Alan Bible, containing the

views of Variable Annuity Insurance Co. of America..

Department of Justice, Nicholas de B. Katzenberg, Deputy Attorney

General: Letter, dated April 16, 1963, to Hon. Alan Bible, containing

the Department views on S. 1001_-

Gronouski, John A., Postmaster General of the United States: Letter,

dated March 5, 1964, to Hon. Alan Bible, containing the views of

the Department on H.R. 9419___

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