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or its own behalf, sells securities or other property to the bank the Federal Reserve Board by regulation, may require a full disclosure of all profit realized from such sale.

Any member bank may sell securities or other property to any of its directors, or to a firm of which any of its directors is a member, in the regular course of business on terms not more favorable to such director or firm than those offered to others, or when such sale is authorized by a majority of the board of directors of a member bank to be evidenced by their affirmative vote or written assent: Provided, however, That nothing in this subsection contained shall be construed as authorizing member banks to purchase or sell securities or other property which such banks are not otherwise authorized by law to purchase or sell.

(e) No member bank shall pay to any director, officer, attorney, or employee a greater rate of interest on the deposits of such director, officer, attorney, or employee than that paid to other depositors on similar deposits with such member bank.

(f) If the directors or officers of any member bank shall knowingly violate or permit any of the agents, officers, or directors of any member bank to violate any of the provisions of this section or regulations of the board made under authority thereof, every director and officer participating in or assenting to such violation shall be held liable in his personal and individual capacity for all damages which the member bank, its shareholders, or any other persons shall have sustained in consequence of such violation.

(g) Whoever maliciously, with intent to deceive, makes, publishes, utters, repeats, or circulates any false report concerning any national bank, or any State member bank of the Federal reserve system, which imputes or tends to impute insolvency, or unsound financial condition, or financial embarrassment, or which tends to cause or provoke, or aid in causing or provoking, a general withdrawal of deposits from such bank, shall be deemed guilty of a misdemeanor and shall upon conviction in any court of competent jurisdiction be fined not more than $1,000 or imprisoned for not more than one year, or both.

(h) If two or more persons conspire to violate the above provision, or to cause a general withdrawal of deposits from any national bank, or any Staté member bank of the Federal reserve system, and one or more of such parties do any act to effect the object of such conspiracy, each of the parties to such conspiracy shall be deemed guilty of a misdemeanor and shall upon conviction in any court of competent jurisdiction be fined not more than $1,000 or imprisoned for not more than one year, or both.

O

CLOSING OF CENTER MARKET IN DISTRICT OF

COLUMBIA

FEBRUARY 20, 1930.-Referred to the House Calendar and ordered to be printed

Mr. Hall of Indiana, from the Committee on the District of

Columbia, submitted the following

REPORT

[To accompany S. J. Res. 77)

The Committee on the District of Columbia, to whom was referred Senate Joint Resolution No. 77 to provide for the closing of Center Market in the city of Washington, having considered the same, report it to the House without amendment and with the recommendation that it do pass.

Prompt and favorable action on this measure was urged by the Secretary of the Treasury in order that the building program for the Government buildings in the triangle will not be delayed. As soon as the Keyes-Elliott bill becomes a law, it is intended to secure specific authorization for the construction of the building for the Department of Justice on the Center Market site, and failure of the passage of this joint resolution within a reasonable time will interrupt the whole triangle program. Present plans contemplate the letting of the contract for the Department of Justice Building in the latter part of the summer, at which time it is expected that the market will have been razed.

The Board of Commissioners of the District of Columbia have advised this committee recently that they are aware of no reason why this resolution should not be enacted into a law.

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CONGRESS

IMPROPER PRACTICE BEFORE UNITED STATES PATENT

OFFICE

FEBRUARY 20, 1930.-Referred to the House Calendar and ordered to be printed

Mr. VESTAL, from the Committee on Patents, submitted the following

REPORT

[To accompany H. R. 699)

The Committee on Patents, to which was referred the bill (H. R. 699) to prevent fraud, deception, or improper practice in connection with business before the United States Patent Office, and for other purposes, having had the same under consideration, reports the bill to the House with but one amendment, and recommends that the same, as amended, be passed.

This amendment is as follows:

Section 1, page 2, line 21, change the period following the word "office" to a comma and addnor shall this section apply to any qualified engineer, chemist, or other scientific person when performing technical, scientific, or other nonlegal services in connection with patents or applications for patents, unless such person holds himself out as practicing or qualified to practice before the Patent Office, or unless he has been disbarred from practice before said Patent Office.

This amendment merely clarifies the language of section 1 to make it clear that this class of men are not precluded from assisting inventors in connection with patents or applications for patents, unless such men hold themselves out as practicing and qualified to practice before the Patent Office.

The purpose of this bill is to protect the public, and especially inventors, from unscrupulous practices of unauthorized attorneys. Under the present law the Commissioner of Patents, with the approval of the Secretary of Commerce, is directed to establish rules and regulations for the admission to practice and the conduct of attorneys appearing before the United States Patent Office. There is, however, no law prohibiting any one holding himself out as an attorney authorized so to practice before the Patent Office.

At the hearing on this bill it was disclosed that at widely distributed points throughout the country persons who had not been registered to practice before the Patent Office, or who, after having been

HR-71-2-VOL. 232

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