16 CONSOLIDATION OF NATIONAL BANKING ASSOCIATIONS 
Now, Senators have had a great volume of correspondence in 
relation to these measures, and we are favored to-day by the attend- 
ance of an unusually large number of well-informed and intelligent 
witnesses who will favor us with their views pro and con. 
I am taking the liberty of inviting to sit in with us Congressman 
McFadden, Ba of the House Committee on Banking and 
Currency, the author of the House bill, and I am going to suggest 
that he make for us a brief informal statement, opening the whole 
subject and laying the matter before us for suitable discussion. 
te that, hi, my colleagues on the subcommittee entertain 
a different view, I am going to suggest that we hear Mr. Henry 
Parker Willis, not only because he is entitled to be heard early on the 
list, but because an important engagement makes it necessary for 
him to leave the city. My thought is—again shock to the views of 
Senator Edge and Senator Glass—that consistently with our obliga- 
tion to report on the floor of the Senate from time to time, we shall 
remain in session continuously for the purpose of hearing all those 
who desire to be heard, and at the same time enabling them to leave 
for their several homes at the earliest possible moment. There are 
a great many gentlemen from whom we would like to hear, and it will 
not be necessary for me to counsel each one of them to present his 
views as succinctly as possible in the interest of dispatch. 
The committee will now hear Mr. McFadden. 
STATEMENT OF HON, LOUIS T. McFADDEN, A MEMBER OF 
THE HOUSE OF REPRESENTATIVES, FROM THE STATE OF 
PENNSYLVANIA 
Mr. McFappeN. Mr. Chairman and gentlemen of the committee, 
following the suggestion of the chairman, I have been attempting 
to organize the forces that are here in connection with the passage 
of this legislation, and I desire to place in the record here, at the 
beginning, a list of gentlemen who are present and some of whom 
will desire to be heard briefly in connection with this matter. I will 
not trouble the committee to read these names at this time but will 
give them for the record so that it will be shown who are here. 
(The list submitted is here printed in full, as follows:) 
Charles A. Hinsch, president Fifth-Third National Bank, Cincinnati, Ohio. 
Fred M. Shepherd, executive manager, American Bankers Association. 
Thomas B. Paton, general counsel American Bankers Association. 
Max Nahm, president Citizens National Bank, Bowling Green, Ky. 
W. C. Wilkinson, president Farmers & Merchants National Bank, Charlotte, 
=. Haas, vice president First National Bank, Philadelphia, Pa. 
Hon. A. F. Dawson, president First National Bank, Davenport, Iowa. 
C. W. Carey, president First National Bank, Wichita, Kans. 
Edgar Mattson, vice president Midland National Bank, Minneapolis, Minn. 
Thomas R. Preston, president Hamilton National Bank, Chattanooga, Tenn. 
John G. Lonsdale, president National Bank of Commerce, St. Louis, Mo. 
H. F. Libby, cashier Pittsfield National Bank, Pittsfield, Me. 
Marcus Sonntag, president American Trust & Savings Bank, Evansville, Ind. 
Henry H. McKee, president National Capital Bank, Washington, D. C. 
Hon. Frank W. Mondell. Washington, D. C. 
Mr. McFappen. With the permission of the committee I should 
like to take this opportunity to lay before you a brief summary of 
the proceedings upon this bill in the House of Representatives with 
a mention of some of the outstanding policies involved.