2

HEARINGS

BEFORE THE

Pat 36

2.303

COMMITTEE ON BANKING AND CURRENCY

UNITED STATES SENATE

SEVENTY-THIRD CONGRESS

FIRST SESSION

ON

S. Res. 84

(72d CONGRESS)

A RESOLUTION TO INVESTIGATE PRACTICES OF STOCK

EXCHANGES WITH RESPECT TO THE BUYING AND

SELLING AND THE BORROWING AND LENDING

OF LISTED SECURITIES

AND

S. Res. 56 and S. Res. 97

(73d CONGRESS)

RESOLUTIONS TO INVESTIGATE THE MATTER OF BANKING

OPERATIONS AND PRACTICES, TRANSACTIONS RELATING TO

ANY SALE, EXCHANGE, PURCHASE, ACQUISITION, BORROW-

ING, LENDING, FINANCING, ISSUING, DISTRIBUTING, OR

OTHER DISPOSITION OF, OR DEALING IN, SECURITIES OR

CREDIT BY ANY PERSON OR FIRM, PARTNERSHIP, COMPANY,

ASSOCIATION, CORPORATION, OR OTHER ENTITY, WITH A

VIEW TO RECOMMENDING NECESSARY LEGISLATION, UNDER

THE TAXING POWER OR OTHER FEDERAL POWERS.

A RESOLUTION TO INVESTIGATE PRACTICES OF STOCK

EXCHANGES WITH RESPECT TO THE BUYING AND

SELLING AND THE BORROWING AND LENDING

OF LISTED SECURITIES

AND

S. Res. 56 and S. Res. 97

(73d CONGRESS)

RESOLUTIONS TO INVESTIGATE THE MATTER OF BANKING

OPERATIONS AND PRACTICES, TRANSACTIONS RELATING TO

ANY SALE, EXCHANGE, PURCHASE, ACQUISITION, BORROW-

ING, LENDING, FINANCING, ISSUING, DISTRIBUTING, OR

OTHER DISPOSITION OF, OR DEALING IN, SECURITIES OR

CREDIT BY ANY PERSON OR FIRM, PARTNERSHIP, COMPANY,

ASSOCIATION, CORPORATION, OR OTHER ENTITY, WITH A

VIEW TO RECOMMENDING NECESSARY LEGISLATION, UNDER

THE TAXING POWER OR OTHER FEDERAL POWERS

[Italics indicate page on which exhibit was admitted into the record; roman type,
exhibit printed]

1. Copy of the articles of association of the Guardian Detroit Group,

Inc., 4205----

4268

4207

la. Chart "Organization of Guardian Detroit Union Group, Inc.".

2. Chart showing bank failures in the State of Michigan..

3. Pages 2, 3, and 4 of Annual Report of Guardian Detroit Union Group

for 1929

4216

4220

4. Photostatic copy of letter dated July 24, 1931, addressed to L. H. D.

Baker, National Bank of Commerce, Union Guardian Building,

Detroit, Mich..

4227

5. Typewritten sheet purporting to be a copy of page 39 of minute book

of Guardian Detroit Group, Inc..

4251

6. Photostat of letter from Robert O. Lord to John N. Stalker, dated

June 4, 1930-

7. Letter dated June 5, 1930, from John N. Stalker to Robert O. Lord_-

8. Photostatic copy of memorandum addressed to Mr. Lord by Mr.

Stalker under date of June 26, 1930_.

4252

4253

4257

9. Photostatic copy of letter dated Mar. 4, 1930, to Mr. Frank Brandon

from Robert O. Lord__.

4259

15. Letter, dated Aug. 24, 1929, addressed to Joseph H. Brewer by Robert

0. Lord...

4273

22. Memorandum dated Apr. 13, 1931, from Joseph H. Brewer to B. K.

Patterson, together with attached letter dated Apr. 10, 1931, from

Henry F. Quinn, national bank examiner, to Joseph H. Brewer, and

also attached tabulation of loans and discounts and bonds and

securities

4296

23. Photostatic copy of memorandum to A. A. F. Maxwell from F. M.

Brandon dated Sept. 17, 1931_

4306

24. Photostatic copy of letter addressed to B. F. Patterson from Henry F.

Quinn dated Sept. 1, 1931.

4307