GOLD COVER

mancs. Senate.

A

HEARINGS

BEFORE THE

COMMITTEE ON BANKING AND CUBRENCY.

UNITED STATES SENATPapy

NINETIETH CONGRESS

SECOND SESSION

ON

S. 1307, S. 2815, and S. 2857

1968

CARD DIVISION

RELATING TO REPEAL OF THE GOLD RESERVE REQUIREMENTS

FOR UNITED STATES CURRENCY

William Proxmire, U.S. Senator from the State of Wisconsin.

Joseph S. Clark, U.S. Senator from the State of Pennsylvania_

Henry H. Fowler, Secretary of the Treasury –

William McChesney Martin, Jr., Chairman of the Board, Federal Reserve

System...

WEDNESDAY, JANUARY 31

Samuel B. Stewart, executive vice president-senior administrative officer,

Bank of America..

98

N. R. Danielian, president, International Economic Policy Association;

accompanied by William Moran

101

Prof. Donald L. Kemmerer, University of Illinois; president, Economists'

National Committee on Monetary Policy

115

W. B. Hicks, Jr., executive secretary, Liberty Lobby; accompanied by

Michael Jaffe, general counsel..

130

Irwin A. Schiff, New Haven, Conn... -

132

THURSDAY, FEBRUARY 1

David Rockefeller, president, Chase Manhattan Bank_--

Dr. Milton Friedman, professor of economics, University of Chicago-

Dr. Charles Kindleberger, professor of economics, Massachusetts Institute

of Technology

141

152

166

Dr. Wilson E. Schmidt, professor of economics, Virginia Polytechnic

Institute..

178

ALPHABETICAL LIST OF WITNESSES

Clark, Joseph S., U.S. Senator from the State of Pennsylvania.
Danielian, N. R., president, International Economic Policy Association
Fowler, Henry H., Secretary of the Treasury -

29

101

34

Friedman, Dr. Milton, professor of economics, University of Chicago-

Hicks, W. B., Jr., executive secretary, Liberty Lobby.

152

130

Kemmerer, Prof. Donald L., president, Economists' National Committee

on Monetary Policy

115

Kindleberger, Dr. Charles, professor of economics, Massachusetts Institute

of Technology

166

Martin, William McChesney, Jr., Chairman of the Board, Federal Reserve

System.

37

Moran, William, International Economic Policy Association.

106

Proxmire, William, U.S. Senator from the State of Wisconsin

Rockefeller, David, president, Chase Manhattan Bank-

23

141

Schiff, Irwin A., of New Haven, Conn..........

132

Schmidt, Dr. Wilson E., professor of economics, Virginia Polytechnic

Institute..--

178

Stewart, Samuel B., executive vice president, Bank of America........

98

(III)