Show I SUCCESSFUL S S J Senator Walsh I GLASS BANKING Bill OPPOSED Wisconsin Solon Assails Provision Provision Provision Pro Pro- vision for Branch Operation I D By Br Associated WASHINGTON M May y 12 12 Opening the he fourth day of debate on the Glass Glas bank reform bill bill Senator Elaine Blame Republican Republican Re Re- publican Wisconsin today opposed il its provisIon for statewide branch bank bank- in ing ng He said it would involve a tax loss los to small local communities ranging rangin from to a year Wherever branches of national banks are established in the place o of state banks he said the bill would v deprive the local communities of th the revenue that now comes from bank ban taxation Citing the laws of his state he sal said only the tangible property of th the branch bank could be taxed Elaine Blaine contended that branch banking banking bank bank- ing is a cruel heartless indifferent system and th that t if the Canadian system tern tem was successful because of having havin no failures it also had extended no credit Senator Glass Democrat Virginia denied without specifically mentioning mentioning mention mention- ing them the charges yesterday by Senator Kean Republican New Jerse Jersey Jersey Jer Jer- se sey that H. H Parker Willis economist for Cor the Glass subcommittee had sen sent abroad confidential information h he had obtained from the office of the comptroller of ot the currency Glass said his his' committee had received received re re- re- re no information from the comptrollers comp compo office outside of that given in public hearings I |