<i>Title:</i> Harriman, Ripley, &amp; 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, &amp; 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
<i>Abstract/medium:</i> 1 negative : glass ; 4 x 5 in. or smaller
Harris &amp; Ewing, photographer
1939
<p>Library of Congress
</p>
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