Imágenes de páginas
PDF
EPUB
[ocr errors][merged small]

CLARENCE F. LEA, California, Chairman
ROBERT CROSSER, Ohio

CHARLES A. WOLVERTON, New Jersey
ALFRED L. BULWINKLE, North Carolina PEHR G. HOLMES, Massachusetts
VIRGIL CHAPMAN, Kentucky

B. CARROLL REECE, Tennessee
WILLIAM P. COLE, JR., Maryland

JAMES W. WADSWORTH, New York
EDWARD A. KELLY, Illinois

CHARLES A, HALLECK, Indiana
HERRON PEARSON, Tennessee

OSCAR YOUNGDAHL, Minnesota
LYLE H. BOREN, Oklahoma

CARL HINSHAW, California
MARTIN J. KENNEDY, New York

CLARENCE J. BROWN, Ohio
CHARLES L. SOUTH, Texas

RICHARD M. SIMPSON, Pennsylvania
JAMES P. MCGRANERY, Pennsylvania GEORGE A. PADDOCK, Illinois
DONALD L. O'TOOLE, New York
LUTHER PATRICK, Alabama
RUDOLPH G. TENEROWICZ, Michigan
JARED Y. SANDERS, JR., Louisiana

ELTON J. LAYTON, Clerk

F. P. RANDOLPH, Assistant Clerk
II

[ocr errors]
[ocr errors][ocr errors][merged small][ocr errors][ocr errors][merged small][merged small][merged small]

MISCELLANEOUS

Statements of—

Friedman, Elisha, consulting economist, New York City..

1299

Schwartz, Sidney L., president, San Francisco Stock Exchange-

1318

Cunningham, Russell I., president, Cleveland Stock

1327

Smith, Kenneth L., president, Chicago Stock Exchange-

1331

Purcell, Hon. Ganson, Chairman, Securities and Exchange Commis-

sion (re participation by regional exchanges in the amendment

program)

1348

Barbour, Marshall R., president, Pittsburgh Stock Exchange.

1351

Geer, W. Montague, 90 Wall Street, New York City-

1352

Stewart, R. McLean, Chairman, Securities Acts Committee, Invest-

ment Bankers Association of America, New York City -

1360

Javitz, Benjamin A., 165 Broadway, New York City ---

1362

Communication submitted:

Federal Reserve System, Board of Governors (letter re fraud in reports

to security holders-proposed Securities Act, section 17 (c))- 1366

Supplemental data submitted by the Securities and Exchange Commission:

(a) Letters from companies which have registered securities under the

Securities Act..

1367

(6) Letters received by Commission expressing attitude of the invest-

ing public on the proposed amendments.

1374

(c) Data on item 16 (g) of Form U5S_.

1374

(d) Commission's rules on trading by Commission employees -

1376

(e) Commission's rules and regulations under Securities Act of 1933

and Securities Exchange Act of 1934.--

1377

(f) Information on Commission's releases and supervisor of informa-

tion research..

1377

(9) Rule as to the use of Form A-2-

1380

(h) Stock offering of Louisville Gas & Electric Co.:

Statement, Hon. Lyle H. Boren -

1381

Statement, Chairman Ganson Purcell.

1381

Newspaper clippings inserted by Thomas Graham, Louisville- 1383

(1) Average amount of registered issues of $500,000 and under for 18

industries during 4-year period.-

1385

(j) Break-down by industries of Commission's fraud cases involving

$500,000 or less...

1386

(k) Rule U-50— Competitive bidding -

1386

(1) Statement of Chairman Purcell on Representative Boren's pro-

posed section 3 (a) (10)-.

1386

(m) Utility of disclosure provisions in railroad financing--

1390

(n) Registration statements classified by size.

1390

(0) Transcripts of staff interviews on rule U-50— Competitive bidding- 1390

(p) Yields on utility securities---

1391

(q) Former Commission employees with Associated Gas & Electric

Co. trustees.--

1392

(r) Status of open-end investment company securities under proposed

amendments to sections 4 and 5 of Securities Act of 1933. 1394

Statement, Chairman Gansen Purcell .-

1394

Statement, National Association of Investment Companies.- 1394

Statement, Asiel & Co.--.

1396

[ocr errors]

GENERAL DISCUSSION OF THE BILL H. R. 4344

Statements of -

Page
Putney, William B., 3d, of Putney, Twombly & Hall, New York City 1412, 142
Comstock, Louis K., chairman, committee on reemployment of men

and money, Commerce and Industry Association of New York.-- 1432
Mount, Wadsworth W., secretary, committee on reemployment of

men and money, Commerce and Industry Association of New York - 1438
Twombly, Edward B., counsel for committee on reemployment of men

and money, Commerce and Industry Association of New York -- 1444

Purcell, Hon. Ganson, Chairman, Securities & Exchange Commission-

Regarding Mr. Twombly's statement on section 203 of H. R. 4344.

1490

Regarding Mr. Twombly's testimony on Transamerica Corpora-

tion.--

1492

Communications submitted:
President, Federation Bank & Trust Co., telegram from..

1434
Grant, John M., president, Transamerica Corporation, letter to.. 1519
Giannini, L. Mario, in regard to Transam.erica Corporation, letter to.. 1520
Lane, Chester T., letter to, from L. Mario Giannini..

1521
Kelley, W. T., Chief Counsel of Federal Trade Commission, letter by-

Documents:

Pamphlet entitled “Analysis of H. R. 4344".

1399

Green, Mr. William, president, American Federation of Labor, text of

speech entitled “The Preservation of Free Enterprise - The Com-

mon Objective of Capital and Labor”.

1435

Joint statement by Securities and Exchange Commission and repre-

sentatives of the securities industry, memorandum on amendments

to the Securities Act of 1933 and the Securities Exchange Act of

1934.--.

1439

Wadsworth, Hon. James W., extension of remarks in the Congressional

Record entitled “New Capital Raised Through the Sale of Securi-

ties”.

1442

Newspaper article entitled “Transamerica Motions Denied in S. E. C.

Ruling”.

1469

Newspaper article entitled “S. E. C. Calls Hearing on Transamerica”. 1470

Newspaper article entitled "S. E. C. Charge Cites White, Weld & Co.” 1481

Securities and Exchange Commission press releases and documents in

the matter of the Transamerica Corporation -

1499

Court decision in the Transamerica Corporation et al. case-

1514

Press release by Securities and Exchange Commission in regard to the

American Viscose Corporation and rule 143 under the Securities Act

of 1933..

1539

MISCELLANEOUS

NOTE.—The following pages contain miscellaneous statements made
by various witnesses on the proposals as a whole. They contain also
material supplied in answer to questions appearing in the earlier
volumes. Some of this material relates to matters which were not
included in the formal agenda. The remainder was submitted by way
of supplementation after the printing of the record on the items of
the agenda concerned.

« AnteriorContinuar »