Nomination of John Skelton Williams (Volume 1-12); Hearing Before the Committee on Banking and Currency, United States Senate, Sixty-Sixth Congress
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Home > Art, Film & Photography > Nomination of John Skelton Williams (Volume 1-12); Hearing Before the Committee on Banking and Currency, United States Senate, Sixty-Sixth Congress
Nomination of John Skelton Williams (Volume 1-12); Hearing Before the Committee on Banking and Currency, United States Senate, Sixty-Sixth Congress

Nomination of John Skelton Williams (Volume 1-12); Hearing Before the Committee on Banking and Currency, United States Senate, Sixty-Sixth Congress


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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1919. Excerpt: ... Mr. Ailes statement on January 6, 1915, that the Riggs National Bank " never became liable" was squarely contradicted by the foregoing letters from tiie National City Bank setting forth that the Riggs National Bank was liable for Its one-half of the profits or loss. This liability was confirmed by the vice president of the Riggs National Bank distinctly in his letter of February 4, 1908, when he says "we note that as further sales are made for this joint account you will credit our account with one-half the profits shown or one-half the losses entailed." Mr. Ailes's further statement that " when they sold the bonds I went over to see if we were not entitled to some share of the profits, and I was offered, on behalf of these officers here, one-eighth of 1 per cent, I think, which is Just ribout the kind of. profit you get on a Government bond transaction," is also absurd, in view of the written evidence. There is nothing anywhere to indicate that the question of the payment of a commission of " one-eighth of 1 per cent" was considered by either bank. Written evidence shows that as soon as the National City Bank had made the sales of bonds during the month of January, 1908, they wrote promptly to the Riggs National Bank, on February 3, inclosing a statement of the transaction and crediting that bank with one-half of the profits, as would have been done in any other joint-account transaction; and no evidence has been found to support Mr. Ailes's claim that the National City Bank tried to get him to take a "one-eighth of 1 per cent profit," and subsequently, because they were " feeling pretty good over it," offered to divide the account. If it should be claimed that if the Riggs National Bank had received a commission of one-eighth of 1 per cent it would have...


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Product Details
  • ISBN-13: 9781235601538
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 544
  • Spine Width: 28 mm
  • Width: 189 mm
  • ISBN-10: 1235601536
  • Publisher Date: 01 Jan 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 962 gr


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Nomination of John Skelton Williams (Volume 1-12); Hearing Before the Committee on Banking and Currency, United States Senate, Sixty-Sixth Congress
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