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.