Hearings on the Aldrich Bill, Senate No. 3023; Statements of S.A. Harris, J.N. Jackson, F.B. Wells, D.S. Colver, George C. Powers, and F.M Prince (Paperback)

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated.1908 Excerpt: ... Committee ox Banking And Currency, House Of Representatives, Washington, D. C., Tuesday, April 14,1908. The committee met at 10.30 o'clock a. m. Present: Representatives Fowler (chairman), Prince, Waldo, Hayes, Weeks. Burton, Durey, Pujo, Glass, Gillespie, James, Crawford, and McHenry. STATEMENT OF CHARLES G. DAWES, ESQ., OF CHICAGO, ILL. Mr. Prince. Mr. Dawes, will you give your name and residence? Mr. Dawes. Charles G. Dawes, Evanston, Ill. The Chairman. What is your occupation? Mr. Dawes. I am president of the Central Trust Company of Illinois. The Chairman. Located at Chicago? Mr. Dawes. Located at Chicago. Mr. Prince. You were formerly Comptroller of the Currency? Mr. Dawes. Yes, sir. Mr. Prince. Between what years? Mr. Dawes. From 1898 to 1901. I believe. Mr. Prince. Is the bank of which you are president a commercial bank? Mr. Dawes. The bank of which I am president is a State bank. Yes; we do a commercial business. Mr. Prince. Does it do a regular commercial business? Mr. Dawes. Yes. We do not take commercial paper. We loan only on collateral; but we do a regular commercial business, with checking accounts. Mr. Prince. You do a checking-account business? Mr. Dawes. Yes. Just here, gentlemen, let me say Mr. Prince. Just let me ask you one or two more preliminary questions, to get them clear in the record. Mr. Dawes. Yes; go ahead. Mr. Prince. If this Aldrich bill, that is now under discussion, should become a law, would you avail yourself of its privileges? Mr. Dawes. I do not know; I have not considered that matter as yet. Mr. Prince. Could the bank of which you are president avail itself. of its privileges now? Mr. Dawes. Ours is not a national bank; therefore we could not avail ourselves of its provisions. Mr. Prince. That is what I am getting at....