(Part 2-Treasury's Crash Program-Silver and Its Relation CARD DIVISION HEARINGS BEFORE A SUBCOMMITTEE OF THE LI.C. Cerus. House. COMMITTEE ON GOVERNMENT OPERATIONS. HOUSE OF REPRESENTATIVES EIGHTY-NINTH CONGRESS COMMITTEE ON GOVERNMENT OPERATIONS WILLIAM L. DAWSON, Illinois, Chairman CHET HOLIFIELD, California L. H. FOUNTAIN, North Carolina TORBERT H. MACDONALD, Massachusetts J. EDWARD ROUSH, Indiana WILLIAM S. MOORHEAD, Pennsylvania BENJAMIN S. ROSENTHAL, New York FERNAND J. ST GERMAIN, Rhode Island DAVID S. KING, Utah JOHN G. DOW, New York HENRY HELSTOSKI, New Jersey CLARENCE J. BROWN, Ohio CHRISTINE RAY DAVIS, Staff Director MILES Q. ROMNEY, A88ociate General Counsel LEGAL AND MONETARY AFFAIRS SUBCOMMITTEE DANTE B. FASCELL, Florida, Chairman WILLIAM L. DICKINSON, Alabama TORBERT H. MACDONALD, Massachusetts DONALD RUMSFELD, Illinois M. JOSEPH MATAN, Staff Administrator CHARLES ROTHENBERG, Counsel II KF2Z 1965 CONTENTS Adams, Miss Eva, Director of the Mint; accompanied by Frederick W. Tate, Assistant Director of the Mint; and Kenneth Failor, Head, Coin Management Division___ Cooper, G. Edward, executive vice president, Philadelphia National Bank, on behalf of the American Bankers Association. McClory, Hon. Robert, a Representative in Congress from the State of Robinson, Charles R., author of "A Nation Without Coins". Scanlon, Charles J., president, Federal Reserve Bank, Chicago; accompanied by John R. Farrell, director, Division of Bank Opera- tions, Board of Governors, Federal Reserve System. Wallace, Hon. Robert A., Assistant Secretary of the Treasury. 83.4 million coins inserted daily in vending machines, facts and figures about the vending industry for 1964, from the American Metal Market, February 10, 1965. Excerpt from a bank visit report made by a Federal Reserve 260 337 336, 337 Excerpt of letter from Secretary of the Treasury, to Legal and Letter from N. C. Potter, general financial supervisor, American Conte, Hon. Silvio O., a Representative in Congress from the State of 357 Fascell, Hon. Dante B., a Representative in Congress from the State of Florida, and chairman, Legal and Monetary Affairs Subcom- Excerpt from statement of Miss Eva Adams..... Silver bullion used in coinage and for redemptions. Matan, M. Joseph, staff administrator, Legal and Monetary Affairs Excerpt of letter from American Telephone & Telegraph Co., addressed to all of its treasurers or coin coordinators__ Excerpt of letter from the Secretary of the Treasury, to Hon. 272 Ramsey, Rear Adm. Donald J., on behalf of the Silver Users Associ- Silver a commodity *** in coinage? *** in industry?. Robinson, Charles R., author of "A Nation Without Coins": Excerpt 288 Rumsfeld, Hon. Donald, a Representative in Congress from the State 345 |