Argument Before Us Senate Committee On Banking And Currency in Support of Sen

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Argument Before Us Senate Committee On Banking And Currency in Support of Sen
Samuel Untermyer
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-inks — t\\ I in New York, hich had a i ion of >•, '""' ati ' *' 'her !f.^^'^•^'^', and one oui. Mui- »ith a participation '; ;.^i company in New York with a participa- ti and i. C; Twenty-four ofVieers of hanks, 'TI of four national li«f I ^ \u V. W Vm-; lu .. N. » in Detn)it, wl •'•r •ol- nr!vnnf-. 'KX) it ore the luuuvy the lar ' of a \ la' 1 above the pnc e at wn. S d»'llv.. R. . 1 til • anv at ofr' ill ni; or Mr. Henry, , in reganl ♦■• * names of • ti. - IT n a?.
opinion that the iotormat
...ion sought from Mr. Henry is 26 germane to the question, AVhether national bank officers are being influenced by any form of reward to lend the money of their banks on newly-listed and unseasoned stocks ? It was impossible for the Committee without knowing the identity of the banks and officers to determine whether these partici- pations to officers were given for the purpose of inducing the banks they served to accept these new securities as col- lateral for loans or whether they were so accepted.

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