Prohibition on Use of Financial Institutions as Lottery Agencies: Hearing, Ninetieth Congress, First Session, on H.R. 10595, Volumes 22-23 |
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Common terms and phrases
90TH CONGRESS advertise AESS agencies agents amended Banking and Currency banking offices banks and savings become a winner bill bingo Chairman Committee on Banking CONGRESS THE LIBRARY Congressman Patman corrupted Currency Committee dealing in lottery Deposit Insurance Corporation Federal Deposit Insurance Federal Government Federal Reserve System federally chartered financial institutions Franklin National Bank gambling activities Governor Hampshire House Banking insured banks JOHN SPARKMAN KORFHAGE legislation legislature LIBRARY OF CONGRES LIBRARY OF CONGRESS lists of lottery loan associations lottery system MCCARTHY moral MURPHY outlets participating in gambling percent post positions Prize Tier prohibit purpose forbidden question race responsibility RESS revenue sale of lottery savings and loan sell tickets selling lottery tickets Senator JAVITS Senator PROXMIRE statement supervision teller term lottery thrift tickets sold U.S. Senate WILLIAM PROXMIRE worth of tickets Wright Patman York State lottery
Popular passages
Page 18 - States, or whoever, operating any such station, knowingly permits the broadcasting of any advertisement of or information concerning any lottery, gift enterprise, or similar scheme, offering prizes dependent in whole or in part upon lot or chance, or any list of the prizes drawn or awarded by means of any such lottery, gift enterprise, or scheme, whether said list contains any part or all of such prizes, shall be fined not more than $1,000 or imprisoned not more than one year, or both.
Page 18 - Any lottery ticket or part thereof, or paper, certificate, or instrument purporting to be or to represent a ticket, chance, share, or interest in or dependent upon the event of a lottery, gift enterprise, or similar scheme offering prizes dependent in who or in part upon lot or chance, Any check.
Page 11 - Chairman and members of the committee, thank you very much for this opportunity to appear before you and convey to you the views and concerns of the citizens of Denton.
Page 18 - ... newspaper, circular, pamphlet, or publication of any kind containing any advertisement of any lottery, gift enterprise, or scheme of any kind offering...
Page 37 - I am Joseph H. Murphy, commissioner of taxation and finance of the State of New York. Chapter 278 of the laws of New York of 1967, enacted pursuant to an amendment to article I, section 9, subdivision 1 of the New York State constitution, approved by the people of New York State at the general election of November 8, 1966, directed that a lottery be established to aid education. In my capacity as commissioner of taxation and finance, I have the responsibility to institute, operate, and administer...
Page 13 - Thus, the $2 horse bettor and the 5-cent numbers player are not only suckers because they are gambling against hopeless odds, but they also provide the moneys which enable underworld characters to undermine our institutions. The legalization of gambling would not terminate the widespread predatory activities of criminal gangs and syndicates. The history of legalized gambling in Nevada and in other parts of the country gives no assurance that mobsters and racketeers can be converted into responsible...
Page 10 - ... it costs you $5.30 on the average to fill an order, a man buying an item at $2.50, it doesn't pay even the paperwork, and this would be applicable to the problem of filing tax returns, if this had to be done, Mr. GILBERT. Thank you. Mr. Powell. You have been very helpful. The next witness is Joseph Murphy, commissioner of taxation and finance of the State of New York. Mr. MURPHY. Thank you, Mr. Chairman. Mr. GILBERT. As a Representative from the State of New York, I want to welcome you here....
Page 58 - HR 10595 which would prohibit the sale of lottery tickets by any national bank or any bank which is a member of the Federal Reserve System or one which is insured by the Federal Deposit Insurance Corporation.
Page 18 - ... and no check, draft, bill, money, postal note, or money order for the purchase of any ticket...
Page 10 - In relation to individual banks, the objective is to foster the maintenance of each in sound and solvent condition and under good management, in order to protect depositors and to assure uninterrupted provision of essential banking services.