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Hearings on Gold Reserve Act 1934 01.19 - 01.23

Hearings on Gold Reserve Act 1934 01.19 - 01.23

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Published by Josef Wäges

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Categories:Types, Research, History
Published by: Josef Wäges on Dec 31, 2009
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09/14/2011

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GOLD RESERVE ACT OF 1934
HEARINGS
BEFORE THE
COMMITTEE
ON
BANKING
AND
CURRENCYUNITED STATES SENATE
SEVENTY-THIRD CONGRESS
SECOND SESSIONON
S. 2366
A BILL TO PROTECT THE CURRENCY SYSTEM OF THEUNITED STATES, TO PROVIDE FOR THE BETTERUSE OF THE MONETARY GOLD STOCK OFTHE UNITED STATES, AND FOROTHER PURPOSES
REVISED
JANUARY 19 TO 23, 1934Printed for the use of the Committee on Banking and Currency
UNITED STATESGOVERNMENT PRINTING OFFICE46217 WASHINGTON : 1934
 
COMMITTEE
ON
BANKING
AND
CURRENCY
DUNCAN
U.
FLETCHER, Florida,
Chairman
CARTER GLASS, VirginiaROBERT
F.
WAGNER,
New
YorkALBEN
W.
BARKLEY, KentuckyROBERT
J.
BULKLEY, OhioTHOMAS
P.
GORE, OklahomaEDWARD
P.
COSTIGAN, ColoradoROBERT
R.
REYNOLDS, North CarolinaJAMES
F.
BYRNES, South CarolinaJOHN
H.
BANKHEAD, AlabamaWILLIAM GIBBS McADOO, CaliforniaALVA
B.
ADAMS, ColoradoPETER NORBECK, South DakotaPHILLIPS LEE GOLDSBOROUGH, MarylandJOHN
G.
TOWNSEND,
JR.,
DelawareFREDERIC
C.
WALCOTT, ConnecticutROBERT
D.
CAREY, WyomingJAMES COUZENS, MichiganFREDERICK STEIWER, OregonHAMILTON
F.
KEAN,
New
Jersey
WILLIAM
L.
HILL,
Clerk
REUBEN
H.
SPARKMAN,
Acting Clerk
II
 
CONTENTS
Statement of: PageAnderson, Benjamin M., Jr., Dr., economist of the Chase NationalBank, Riverdale, N.Y 112,224Burgess,W. Randolph, deputy governor Federal Reserve Bank ofNew York, New York, N.Y 235Eisler, Robert, of Vienna. _> 239Gephart, W. F., vice president of the First National Bank of St. Louis,
Mo.,
and a member of the committee of the United States Chamberof Commerce 171Harriss, Robert, Forest Hills, Long Island, N.Y., partner Harriss& Vose, New York commodity brokers 335Janney, John, chairman of the executive board, American Society ofPractical Economists, New York City 364Kemmer, E. W., Walker professor of international finance, PrincetonUniversity 206Le Blanc, George, president Inter-State Bank & Trust Co., NewYork__ 337Owen, Hon. Robert L.. formerly a United States Senator from the Stateof Oklahoma 103Preston, T. R., president of the Hamilton National Bank, Chattanooga,Tenn.; representing the United States Chamber of Commerce 167Rand, James H., Jr., chairman of the board, Remington-Rand Co.,New York 342Rogers,James Harvey, Sterling professor of political economy, YaleUniversity, and fellow of Pierson College, New Haven, Conn 311Stewart, Walter W., member of the firm of Case, Pomeroy & Co.,New York City 355Vanderlip, Frank A., 1107 Fifth Avenue, New York City 173Warburg, James P., vice chairman of the board of the Bank of Man-hattan Co., New York, N.Y 189Warren, George F., professor of agricultural economics, Cornell Uni-versity 257Willis, Henry Parker, economist, New York, N.Y 226Young, Owen D., General Electric Co., New York, N.Y 322Young, Roy A., Governor of the Federal Reserve Bank of Boston,Brookline, Mass 91
TABLE
OF
EXHIBITS
1
No.
1.
January 11, 1934, S. 2366, Seventy-third Congress, second session 1
2.
January 11, 1934, Amendment proposed by Senator Fletcher to S.2366 5
3.
January 15, 1934, Message from the President accompanying theproposed gold reserve act of 1934 6
4.
January 16, 1934, Secretary Morgenthau's release to the press 8
5.
January 16, 1934, Governor Black's release to the press 106. January 17, 1934, Attorney General's letter of transmittal and opinionas to constitutionality of S. 2366 11
7.
January 17, 1934, Governor Black's statement relative to S. 2366 138. January 18,1934, Letter of transmittal from Secretary of the Treasury. 169. January 18, 1934, Treasury Department's release to press 17
10.
March 6, 1933, President's proclamation (no. 2039), bank holiday,March 6 to 9, inclusive 18
11.
March 9, 1933, Emergency Banking Act of March 9, 1933 19
12.
March 9, 1933, President's proclamation (No. 2040), continuing inforce bank holiday proclamation of Mar. 6, 1933 24
13.
March 10,1933, Executive order (No. 6073), regulations concerning theoperation of banks 25
i
The
Gold Reserve
Act of
1934
is
printed
in
full
on
pages 382-389.Ill

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