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HEARING

BEFORE

THE COMMITTEE ON
INTERSTATE AND FOREIGN COMMERCE

HOUSE OF REPRESENTATIVES

SEVENTY-THIRD CONGRESS

FIRST SESSION

ON

H.R. 4314
TO PROVIDE FOR THE FURNISHING OF INFORMATION

AND THE SUPERVISION OF TRAFFIC IN

INVESTMENT SECURITIES IN

INTERSTATE COMMERCE

MARCH 31, APRIL 1, 4, 5, 1933

Printed for the use of the
Committee on Interstate and Foreign Commerce

UNITED STATES
GOVERNMENT PRINTING OFFICE

WASHINGTON : 1933

16. 465

COMMITTEE ON INTERSTATE AND FOREIGN COMMERCE

SAM RAYBURN, Texas, Chairman GEORGE HUDDLESTON, Alabama

JAMES S. PARKER, New York CLARENCE F. LEA, California

JOHN G. COOPER, Ohio ROBERT CROSSER, Ohio

CARL E. MAPES, Michigan PARKER CORNING, New York

CHARLES A. WOLVERTON, New Jersey JACOB L. MILLIGAN, Missouri

JAMES WOLFENDEN, Pennsylvania ALFRED L, BULWINKLE, North Carolina PEHR G. HOLMES, Massachusetts VIRGIL CHAPMAN, Kentucky

SCHUYLER MERRITT, Connecticut PAUI H. MALONEY, Louisiana

B. CARROLL REECE, Tennessee
WILLIAM P. COLE, JR., Maryland
SAMUEL B. PETTENGILL, Indiana
EDWARD A. KELLY, Illinois
E. W. MARLAND, Oklahoma
EDWARD A. KENNEY, New Jersey
GEORGE G. SADOWSKI, Michigan
JOSEPH P. MONAGHAN, Montana
FRANCIS T. MALONEY, Connecticut

ELTON J. LAYTON, Clerk
II