Taken together with the Securities Act of 1933 (the 1934 Act) will effectively bar the flow of capital into American business.
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George Houston, National Association of Manufacturers, Vice President
The national securities act of 1934, as proposed, would interfere in a vital way with the essential supply of capital to business.
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George Houston, National Association of Manufacturers, Vice President
The Securities Act of 1933 created a serious obstacle to recovery, through its drastic regulation of the issuance of new securities by private enterprise. The Banking Act of 1933 created an additional impediment through the provisions of Section 16 prohibiting the national banks from participating in underwriting securities after June 16, 1934.
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George Houston, National Association of Manufacturers, Vice President
'Free Business from Political Persecution' and 'The Country is Suffering from Too Much Law'.
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NAM stickers from 1914.