YA. In 84 se 24 Solicitation of Proxies, etc., in Reorganizations, etc. HEARING BEFORE THE COMMITTEE ON INTERSTATE AND FOREIGN COMMERCE HOUSE OF REPRESENTATIVES SEVENTY-FIFTH CONGRESS FIRST SESSION ON H. R. 6968 TO AMEND THE SECURITIES ACT OF 1933, AS AMENDED, BY ADDING 300 DIV. L€61 8 das JUNE 8-JULY 21, 1937 Printed for the use of the UNITED STATES WASHINGTON: 1937 1608 Solicitation of Proxies, etc., in Reorganizations, etc. HEARING BEFORE THE COMMITTEE ON INTERSTATE AND FOREIGN COMMERCE HOUSE OF REPRESENTATIVES SEVENTY-FIFTH CONGRESS FIRST SESSION ON H. R. 6968 TO AMEND THE SECURITIES ACT OF 1933, AS AMENDED, BY ADDING 516543 COMMITTEE ON INTERSTATE AND FOREIGN COMMERCE CLARENCE F. LEA, California, Chairman ROBERT CROSSER, Ohio CARL E. MAPES, Michigan ALFRED L. BULWINKLE, North Carolina CHARLES A. WOLVERTON, New Jersey VIRGIL CHAMPAN, Kentucky JAMES WOLFENDEN, Pennsylvania PAUL H. MALONEY, Louisiana PEHR G. HOLMES, Massachusetts WILLIAM P. COLE, JR., Maryland B. CARROLL REECE, Tennessee SAMUEL B. PETTENGILL, Indiana JAMES W. WADSWORTH, New York EDWARD A. KELLY, Illinois CHARLES A. HALLECK, Indiana EDWARD A. KENNEY, New Jersey GARDNER R. WITHROW, Wisconsin GEORGE G. SADOWSKI, Michigan JOHN A. MARTIN, Colorado EDWARD 0, EICHER, Iowa THEODORE A. PEYSER, New York THOMAS J. O'BRIEN, Illinois HENRY ELLENBOGEN, Pennsylvania HERRON PEARSON, Tennessee JERRY J. O'CONNELL, Montana GEORGE B. KELLY, New York LYLE H. BOREN, Oklahoma ELTON J. LAYTON, Clerk CONTENTS Page Hon. Wm. 0. Douglas, Commissioner, Securities and Exchange Com- Max Lowenthal, special counsel to a subcommittee of the Senate Inter- Percival E. Jackson, attorney, 68 William Street, New York City - 75 Orrin G. Wood, Investment Bankers Association. George D. Woods, Investment Bankers Association.. John A. Prescott, Investment Bankers Association.. John D. McCall, attorney, Dallas, Tex..- House Report No. 35, 74th Congress, Investigation of Real Estate Bond- 321 III |