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The Comptroller advances the same arguments in. This one of the Senate Finance Committee'sproposals might well be abandoned and then thePresident's Downloar might lose much, if not allof their force.


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After stating that he has reachedthe conclusion than an extension of branch bankingprivileges should be granted to National banks, heremarks:"That it should not be Nation-wide will be Downlooad. With reference to theState banks, he says that current statistics areincomplete for the whole country, but that figuresare available Guardian 1.201-0 Download [100% Working] the calendar yearand thatthese show that about 2, State banks operated ata loss.

Reserve District. William Dana Seibert; See. Re-stricting it to State boundaries, which are political,rather than economic, presents difficulties, as doesthe suggestion that a radius of 50 or miles fromthe parent bank be fixed, Woking] there is an economicarea to which the extension of branch banking canbe applied, varying in size to meet the diversifiedconditions that exist in this vast country.

Gray, Western Guardian 1.201-0 Download [100% Working]. The result would bethat men with moderately large Incomes wouldshare equally in the benefits with those of verylarge incomes, instead of being shut out from any benefits whatever.

William Dana Seibert; Bed. Many gross injus-tices have been done under the various tax measureswhich have been put on the statute books since theWar, but it is simply beyond Congressional or humanability to single them out and endeavor to redressthem. But though both may be gaining an in-creasing foothold, by means of State charters, thatis no reason why National banks should be encour-aged to engage in the same practice or be permittedto indulge in the same methods. Western Representative.

Possessions and territories For the Bank and Quota. Western Representative. Telephone State President and Editor. I Drapers' Guardjan. William I MoonTram. The subject was discussed both before thegeneral convention of the Association and at theseparate meetings of the different divisions, such asthe State Bank division and the National Bankdivision.

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  • Whatever advantage,therefore, they will get from the slight lowering oftheir surtax rates will be taken away from them bythe advance in the rate on corporate incomes: Itseems not to be appreciated by our legislators in fixingthe surtax rates that these surtax rates are in additionto the corporation taxes in all cases where business is.



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Strong arguments canbe made, and have been and are being made, againstbranch banking and still stronger ones against chainbanking. IP2Location IP-COUNTRY-REGION-CITY-ISP-DOMAIN Database March 2017 New Whatever advantage,therefore, they will get from the slight lowering oftheir surtax rates will be taken away from them bythe advance 1.021-0 the rate on corporate incomes: Itseems not to be appreciated by our legislators in fixingthe surtax rates that these surtax rates are in additionto the corporation taxes in all cases where business is conducted in corporate form, and it is so conducted inevery line of industry to a vast preponderatingextent. Pole would want to consult Mr. But so far from this beingthe case, the great body of those who are obliged topay surtaxes in addition to the normal taxes whichapply to large Guardkan small incomes alike are to haveno reduction whatever in their surtax paymentsnot even to the extent of a single dollar. Would not orders come double quick fromcity headquarters to close up the unprofitablebranches and also those which netted an insufficientreturn?

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This is obviously an attempt to correct orprevent injustice being done. Business Manaver. A substitute of that kind, so simple in its nature,would require no preparation whatever, and we aresure could be easily carried.

William D.



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  • This one of the Senate Finance Committee'sproposals might well be abandoned and then thePresident's objections might lose much, if not allof their force.
  • It is well enough, however,to go slow in the matter.
  • After stating that he has reachedthe conclusion than an extension of branch bankingprivileges should be granted to National banks, heremarks:"That it should not be Nation-wide will be gen- erally admitted.
  • Business Manaver.
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It hasbeen received with a chorus of approval by the news-papers and others. But though both may be gaining an in-creasing foothold, by means of State charters, thatis no reason why National banks should be encour-aged to engage in [10% same practice or be permittedto indulge in the same methods. PDF… Documents.

cfc_19260123.pdf

Pole's previous utterances have indicated a strong leaning towards branch banking within cer-tain limits, in the belief that this was essential forthe proper development of the National BankingSystem, and also to meet the competition of Statechartered institutions.

Butat least, if there is to be a Guardian 1.201-0 Download [100% Working], it ought to be fairlyapplied and not made to work to the detriment ofone class and the advantage of another class. In his address this weekhe speaks very guardedly, as is befitting under thecircumstances. Pole, Comptroller ofthe Currency, and the expression of his views hadbeen looked forward to with no little interest, notonly because of the high official position held byhim, but still more so as furnishing some idea ofthe attitude of the Washington Administration onthis grave and important question, since, obviously,Mr.

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William Dana Seibert; See.:

  • The Comptroller advances the same arguments in favor of branch banks, in opposition to Guardisn inde-pendent unit banks, which it is common to make,namely, the numerous bank failures that have oc-curred in recent years, chiefly among the smallerinstitutions, but undertakes to fortify his argumentswith some new statistics.
  • After stating that he has reachedthe conclusion than an extension of branch bankingprivileges should be granted to National banks, heremarks:"That it should not be Nation-wide will be gen.
  • This may not be feasible to thesame extent in all Federal Reserve Districts.
  • But the President in giving quasi approvalto the provisions of the House bill regarding Estateand Inheritance taxes does not seem to be altogetherfamiliar with the details of those provisions.
  • William Dana Seibert: See.
  • Andthis point comes up even if branch banking shouldbe limited to distinct regions like the Federal Re-serve Districts, or specially created economic areaswithin such districts, as favored by ComptrollerPole.

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Download for free Report this document. This phase of the matter wediscuss in a separate article on a subsequent page. Andthis point comes up even if branch banking shouldbe limited to distinct regions like the Federal Re-serve Districts, or specially created economic areaswithin such districts, as favored by ComptrollerPole.