STATEMENT OF HON. JAMES H. ECKELS, COMPTROLLER OF THE CURRENCY, MADE BEFORE THE COMMITTEE ON BANKING AND CURRENCY, (At the request of the Committee) ON THE EXISTING FINANCIAL AND BANKING SITUATION AND THE PROPOSED REMEDIES. JANUARY 28, FEBRUARY 1, 2, 8, AND 18, 1897. FIFTY-FOURTH CONGRESS, SECOND SESSION. WASHINGTON: NOTE. This statement is a part of the full Report of Hearings before the Committee on Banking and Currency, Fifty-fourth Congress, and the page numbers of that volume are retained. Source Unknown 13 March 1952 не раседы COMMITTEE ON BANKING AND CURRENCY, Washington, D. C., Thursday, January 28, 1897. The committee met at 10.30 a. m. Members present: The chairman (Mr. Walker), and Messrs. Brosius, Johnson, Van Voorhis, McCleary, Fowler, Lefever, Spalding, Calderhead, Hill, Cooke, Cox, Stallings, Black, Newlands, and Hendrick. The CHAIRMAN. Gentleman of the committee, we are to hear to-day Mr. James H. Eckels, Comptroller of the Currency. The Comptroller of the Currency appeared before the committee in response to the following resolution: [Extract from the Record of the meeting of the Committee on Banking and Currency, December 9, 1896.] Mr. BROSIUS offered the following resolution, which was unanimously agreed to: Resolved, That all general bills [H. R. 171, 1999, 6442, 7085, and 7247] now before the committee contemplating a revision of the banking and currency system be submitted to the Comptroller of the Currency, with the request that he analyze the same in writing and come before this committee and state the effect of each bill if enacted into law, and also that he formulate and submit to this committee his views of a proper measure for the revision of the financial and banking system of the country. STATEMENT OF HON. JAMES H. ECKELS, COMPTROLLER OF THE CURRENCY. Mr. Eckels addressed the committee as follows: Mr. CHAIRMAN AND GENTLEMEN OF THE COMMITTEE: I am not sure I can be of much practical benefit to the committee at this time. The committee were good enough to extend an invitation to me to come before you to present such views as I entertain upon the subject of in arriving at such conclusions as will remedy patent defects in the existing banking and currency laws of the country, I accepted it, and am present to discuss such questions as it is deemed best to inquire into. banking and currency, and wishing to cooperate with ye |