W. Averill Harriman,Wall Street Financier,Ripley & Company,Washington,DC

Title: Harriman, Ripley, & Co. owner holds firm never violated banking laws. Washington, D.C., Dec. 12. Testifying before the Monopoly Committee this morning, W. Averill Harriman, Wall Street Financier, asserted and was corroborated by his partner, J.P. Ripley, that the firm of Harriman, Ripley, & Co. set up in 1934, was not established to side-step the Banking Act of 1933. The act divorced securities business from commerical banking in banking houses. He asserts that the firm was set up to provide for the future of those employees of the National City Co. whose investment and underwriting activities were ended by the Act of 1933. Photo shows Harriman as he was testifying this morning
Creator(s): Harris & Ewing, photographer
Date Created/Published: [19]39 December 12.
Notes:
Title from unverified caption data received with the Harris & Ewing Collection.
Gift; Harris & Ewing, Inc. 1955.
General information about the Harris & Ewing Collection is available at http://hdl.loc.gov/loc.pnp/pp.hec
Temp. note: Batch five.
Subjects:
United States--District of Columbia--Washington (D.C.).
Glass negatives.
Bookmark /hec2009014505/
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