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COMMITTEE EXHIBIT No. 114, JANUARY 20, 1934
Congress Corporation, assets purchased from units

Number
Number of

Number of Loans

Corpora

of Corpo& Trust Amount tions of

rations of

Amount l'nit Purchased from-

which Adv. Paid which Paid

bonds Pur

stock was chased Purchased

were Pur

chased

Date of Purchase

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Dec. 29, 1931 Guardian Bank of Dearborn.
Mar. 28, 1932

....do..
July 20, 1932 .do..
Dec. 29, 1931 Grand Rapids Nat'l Bank
Do

Guardian Bank of Trenton.
Dee. 30, 1931 Union Guardian Trust Co.
Dec. 29, 1932 .do..
Dec. 31, 1931 Guardian Bank of Grosse Pointe.
Jan. 8, 1932 City Nat'l. Bk. & Tr. Co., Niles..
Do. City Nat'l. Bk. & Tr. Co., Battle

Creek.
Jan. 11, 1932 National Bank of lonia
Sept. 17, 1932 F.N.B, Securities, Kalamazoo..

20

16 30

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3 2, 294. 15

146

Total

319 6, 046, 397. 26

Date of Purchase

Unit Purchased from

Amount
Paid

Number
of Parcels

Real
Estate

Amount
Paid

Due Con

gress Corp., assets not rec'd

Total Amounts

Paid

Dec. 29, 1931 Guardian Bank of Dearborn
Mar. 28, 1932 do.

$135, 944. 41 July 20, 1932 do. Dec. 29, 1931 Grand Rapids Nat'l Bank.

92, 353.04 Do.. Guardian Bank of Trenton $67, 980. 36

78, 090. 90 Dec. 30, 1931 l'nion Guardian Trust Co. 905, 241, 48 Dec. 29, 1932.do

27 $816, 682. 38 $21, 853. 357, 500,000.00

258, 713. 60 Dec. 31, 1931 Guardian Bank of Grosse Pointe. 80, 155. 58

1 7, 861. 77

99, 590. 18 Jan. 8, 1932 City Nat'l. Bk. & Tr. Co., Niles 68, 334. 50

148, 491. 18 Do.. City Nat'l. Bk. & Tt. Co., Battle Creek 93, 027. 58

198, 068. 93 Jan. 11, 1932 National Bank of lonia

33, 187.77

147, 891. 14 Sept. 17, 1932 F.N.B. Securities, Kalamazoo.. 12, 771. 50

14, 071. 50 Total.

1,519, 412. 37 28 824, 544. 15 21, 853. 358, 414, 501. 25 1 Purchased direct by Congress Corporation.

COMMITTEE EXHIBIT No. 91, JANUARY 17, 1934
Certificate of deposit withdrawals (Feb. 1 to 11, inclusive)

Date

Name

Amount

Feb. 1, 1933

Feb.

2, 1933

Feb. 3, 1933

Feb. 4, 1933
Feb. 6, 1933

Feb.

7, 1933

Alfred P. Herbert & Alice..
Suburban Development Co.
John W. Ripper & Maggie.
Clara Adams
Conductors Protective Assurance Co..
Theodore W. Dunn & Isabel C.
Eva M. Jones & James G. Jones
Posen State Bank..
Murray W. Sales Co. (Directors int.)
Ernest Venn
William H. Venn
Capac State Savings Bank
General Motors Truck Co.
Otto S. Goertsen
Helen D, Nerreter
Florence L. Chamberlin.
Fostoria State Bank.
Traub Mfg. Co.
V.G.T.CO. Tr. for Charles G. Oakman.
John Dettloff & Anna.
+George W. Trendle (Director)
Wayne Realty & Investment Co.
Electromaster, Ine.
General Motors Truck Corp.
Wilcox-Rich Corp-
Detroit Trust Co. Agent for Trustees of Childrens Fund of Michigan
Lettie Emerick
Truman Newberry.
UG.T. Co. Rec'r for Grand Trunk Rwy. Terminal & Cold Stor.Co.
Goldberg, Max F

$1,500.00
4,000.00
1,000.00
1,000.00
17,000.00
8,000.00
1, 400.00
1,000.00
25,000.00
2,000.00
3,000.00

2,500.00 100,000.00

1,500.00 1,000.00 5, 660.00 2,500.00 35,000.00

2,000.00 3,300.00 10,000.00 1.500.00

1,000.00 100,000.00

50,000.00 100,000.00

1, 500.00 5, 400.00 60, 238.90 3,000.00

Feb.

8, 1933

Feb.

9. 1933

Feb. 10, 1933

Feb. 11, 1933

HEARINGS

BEFORE THE

COMMITTEE ON BANKING AND CURRENCY

UNITED STATES SENATE

SEVENTY-THIRD CONGRESS

SECOND 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

PART 11
DETROIT BANKERS COMPANY
JANUARY 24 TO FEBRUARY 1, 1934

Printed for the use of the Committee on Banking and Currency

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HEARINGS

BEFORE THE

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

PART 11

DETROIT BANKERS COMPANY
JANUARY 24 TO FEBRUARY 1, 1934

Printed for the use of the Committee on Banking and Currency

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COMMITTEE ON BANKING AND CURRENCY

DUNCAN U. FLETCHER, Florida, Chairman CARTER GLASS, Virginia

PETER NORBECK, South Dakota ROBERT F. WAGNER, New York

PHILLIPS LEE GOLDSBOROUGH, Maryland ALBEN W. BARKLEY, Kentucky

JOHN G. TOWNSEND, JR., Delaware ROBERT J. BULKLEY, Ohio

FREDERIC C. WALCOTT, Connecticut THOMAS P. GORE, Oklahoma

ROBERT D. CAREY, Wyoming
EDWARD P. COSTIGAN Colorado

JAMES COUZENS, Michigan
ROBERT R. REYNOLDS, North Carolina FREDERICK STEIWER, Oregon
JAMES F. BYRNES, South Carolina HAMILTON F. KEAN, New Jersey
JOHN H. BANKHEAD, Alabama
WILLIAM GIBBS MCADOO, California
ALVA B. ADAMS, Colorado

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