COMMITTEE ON BANKING AND CURRENCY HOUSE OF REPRESENTATIVES
H.R. 8746
(Superseded by H.R. 8926)
A BILL TO PROVIDE FOR THE COINAGE OF THE UNITED STATES
Printed for the use of the Committee on Banking and Currency
U.S. GOVERNMENT PRINTING OFFICE
WASHINGTON: 1965
For sale by the Superintendent of Documents, U.S. Government Printing Office
Washington, D.C., 20402 - Price $1.75
COMMITTEE ON BANKING AND CURRENCY
WRIGHT PATMAN, Texas, Chairman
ABRAHAM J. MULTER, New York WILLIAM A. BARRETT, Pennsylvania
LEONOR K. SULLIVAN, Missouri HENRY S. REUSS, Wisconsin
THOMAS L. ASHLEY, Ohio
WILLIAM S. MOORHEAD, Pennsylvania ROBERT G. STEPHENS, JR., Georgia FERNAND J. ST GERMAIN, Rhode Island
HENRY B. GONZALEZ, Texas
JOSEPH G. MINISH, New Jersey
CHARLES L. WELTNER, Georgia
RICHARD T. HANNA, California
BERNARD F. GRABOWSKI, Connecticut COMPTON I. WHITE, JR., Idaho
TOM S. GETTYS, South Carolina
PAUL H. TODD, JR., Michigan
RICHARD L. OTTINGER, New York
EARLE CABELL, Texas
THOMAS C. MCGRATH, JR., New Jersey
JOHN R. HANSEN, Iowa
FRANK ANNUNZIO, Illinois
WILLIAM B. WIDNALL, New Jersey
PAUL A. FINO, New York
FLORENCE P. DWYER, New Jersey
SEYMOUR HALPERN, New York
JAMES HARVEY, Michigan
W. E. (BILL) BROCK, Tennessee
BURT L. TALCOTT, California
DEL CLAWSON, California
ALBERT W. JOHNSON, Pennsylvania
J. WILLIAM STANTON, Ohio
CHESTER L. MIZE, Kansas
PAUL NELSON, Clerk and Staff Director
ALVIN LEE MORSE, Counsel
CURTIS A. PRINS, Chief Investigator
NORMAN L. HOLMES, Assistant Counsel
CHARLES B. HOLSTEIN, Professional Staff Member
ORMAN S. FINK, Minority Staff Member
H.R. 8746. A bill to provide for the coinage of the United States-
Message from the President of the United States relative to silver coinage__
Statement of-
Conte, Hon. Silvio O., a Representative in Congress from the State of
Massachusetts..
Fowler, Hon. Henry H., Secretary of the Treasury; accompanied by
Robert A. Wallace, Assistant Secretary; Fred B. Smith, Acting
General Counsel; Eva Adams, Director of the Mint; Frederick W.
Tate, Deputy Director of the Mint; and John H. Auten, Deputy
Director, Office of Financial Analysis - - -
Hardy, Robert M., Jr., chairman of the Silver Committee of the
American Mining Congress...
Hosmer, Hon. Craig, a Representative in Congress from the State
of California_
Morris, Joseph T., managing director, National Association of Photo-
graphic Manufacturers, Inc---
Ramsey, Rear Adm. Donald J., U.S. Navy (retired), legislative counsel
for the Silver Users Association_
Stevens, John B., executive vice president International Silver Co.,
and chairman of the executive committee of the Silver Users Asso-
ciation; accompanied by Frank Wemple, treasurer, Handy &
Harman; George R. Frankovich, executive director, Manufacturing
Jewelers & Silversmiths Association; Donald J. Ramsey, Washington
legislative counsel, Silver Users Association; Dr. Weldon Welfling,
Western Reserve University; also accompanied by Joseph T.
Morris on behalf of the National Association of Photographic
Manufacturers.
Strauss, Simon D., vice president, American Smelting & Refining Co.--
Welfling, Dr. Weldon, chairman, Departments of Economics and
Banking and Finance, Western Reserve University, Cleveland,
Ohio
Additional information submitted to the committee by-
Annunzio, Hon. Frank:
Lennon, William F., president Local 4, International Jewelry
Workers' Union, letter dated May 28, 1965- - -
Spodick, Harry, general president and general secretary-treasurer,
International Jewelry Workers' Union, letter-statement_
Fowler, Hon. Henry H.:
Answer to questions submitted by Mr. Patman_
Clarification of figures used for silver consumed in coinage..
Estimated free world silver consumption and production, 1949–64,
table___.
Additional information submitted to the committee by-Continued
Patman, Hon. Wright:
Baker, Thomas F., executive vice president, American Bottlers of
Carbonated Beverages, the National Association of the Soft
Drink Industry, Washington, D.C., letter dated June 7, 1965--
Bancroft, Richard K., statement of, on behalf of the Columbium
for Coinage Association; with document entitled "A Proposal
for Columbium Coinage".
Caverly, Gardner A., executive vice president, the New England
Council, Boston, Mass., letter dated June 8, 1965---
Chandler, Lester V., professor of economics, Princeton University,
letter dated June 4, 1965__
Clough, Howard W., vice president, sales, Quaker State Coca-Cola
Bottling Co., Pittsburgh, Pa., letter to Hon. William S. Moor-
head, dated April 6, 1965--
Goldman, Aaron, president, Macke Vending Co., Washington,
D.C., letter with statement dated June 7, 1965--
Harcourt, John T., letter dated June 4, 1965_.
Harlin, H. W., Jr., vice president, Southern Vendors, Inc., San
Antonio, Tex., letter dated June 8, 1965___
Hungerford, Thomas B., executive director of the National Auto-
matic Merchandising Association, Chicago, Ill., statement by. 55, 135
Kramer, Alex, Interstate United Corp., Lincolnwood, Ill., letter-
statement dated June 4, 1965__.
Lewis, Marvin, owner, Key City Vending Co., Abilene, Tex.,
letter dated June 7, 1965 -
McDowell, Joseph E., president, Servomation Corp., New York,
N. Y., letter-statement--
Odlin, Reno, president, the American Bankers Association, New
York, N. Y., letter with statement, dated June 7, 1965---
O'Shaughnessy, Martin, administrator, food services, Radio Corp.
of America, Camden, N.J., letter dated June 7, 1965.
Pferd, W., head, public telephone department, Bell Telephone
Laboratories, Inc., Murray Hill, N.J., letter dated June 8, 1965.
Rice, Theron J., legislative action general manager, Chamber of
Commerce of the United States, Washington, D.C., letter
dated June 8, 1965----
Rosen, Harry, Allegheny Cigarette Service Co., Pittsburgh, Pa.,
letter to Hon. William S. Moorhead, with statement, dated
April 21, 1965_--
Wemple, Francis H., treasurer of Handy & Harman, statement of
Sullivan, Hon. Leonor K.:
Donahue, Thomas B., president and chief executive officer,
Universal Match Corp., telegram dated June 4, 1965---
Sokol, Eric, executive vice president, National Rejectors, Inc.,
telegram dated June 5, 1965- - -
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