Patman Says Banking Concentration Undercuts Competition
Washington AP reports a Congress staff study shows the 300 largest U.S. banks use trust department stock holdings to influence votes, with major banks like Chase Manhattan, First National City, and others linked to insurers and trust firms. Patman says competition is undermined and calls for further legislative review.
MENTIONED IN THIS ARTICLE
Washington
Congressional
Wright- Patman
House Banking Committee
Congress
Texas Democrat
U.S
Patman
New York
Chase Manhattan
First National City
Manufacturers Hanover Trust
Chemical Bank New York Trust Co
Morgan Guaranty Trust Co
Bankers Trust Co
Bank Supervisory Agencies
Ee Sa Pre
Bank of New York
Salem Roanoke Corridor Annexation Review Granted
Virginia Supreme Court agreed to review an annexation order granting Salem 3.91 square miles of land from Roanoke County. The corridor area lies between Salem and Roanoke, includes railroad and industrial parcels, and overlaps with a separate Roanoke County section in dispute. Salem warned that Roanoke's strict constitutional reading could disrupt municipal boundaries statewide.
MENTIONED IN THIS ARTICLE
Richmond
State Supreme Court
Salem
Roanoke County
Roanoke
Norfolk and Western Railway
Roanoke Electric Steel Co
Former Indiana Governor Schricker Dies in Knox
Henry F. Schricker, twice a governor of Indiana and a prominent Democrat, died Wednesday in Knox from a heart attack after illnesses following a December hospitalization. He served as governor 1941-45 and 1949-53, earlier roles included lieutenant governor and state senator, with a career as banker, newspaper editor, and life insurer. Survived by wife Maude, daughter Margaret Robbins, and two sons Henry F. Jr. and George.
MENTIONED IN THIS ARTICLE
Knox
Ind
Henry F. Schricker
Indiana
Schricker
Indianapolis
Also Mentioned on This Page
the Register
Danville, Va
Thurs
Continental Insurance Co
Manufacturers Hanover Trust Co
Hanover, Turst. Co
AtlanticMutual Insurance Co. of
State Mutual Life Assurance Co. of America
Virginia News
Bristol
John Bird Childers
Abbott, Proctor and Paine
Abingdon
Childers
Associated Press
Church
U. S. Bureau of Mines
Melnar, Inc
Bureau of
Defense General Supply Center
Lynchburg
Robert A. Pittillo Jr
Raeligh
N.C
Lester Carper
Everett Bond
Jr. Pittillo
Pittillo
Asheville
V.C
Western Carolina College
Duke University
Harnsberger’s
EPT
Main Street
Jamestown
Carolina
Yyttrbalt
Nis Ouch
Turkey
BACON
Wilkes Farm
LKI
Domino
J. FG
Chef Boy-Ar-Dee
Scottowell
Scott Tissue
Boy-Ar-Dee
Scotties
F. G
Fairfax Hall
Boy-Ar-Dee Cheeze
Solarine
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