Harriman, Ripley, & 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, & 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

The Wise Men: Six Friends and the World They Made is a 1986 book by Walter Isaacson and Evan Thomas about a group of U.S. government officials and members of the East Coast Establishment. The book starts with post - World War I period and continues in the immediate post-World War II international development, describing how the group of six men of quite different political affiliations developed the containment policy of dealing with the Communist bloc during the Cold War and crafted institutions such as NATO, the World Bank, and the policies of the Marshall Plan. Six people who were influential in the development of Cold War: 1. Dean Acheson, Secretary of State under President Harry Truman 2. Charles E. Bohlen, U.S. Ambassador to the Soviet Union, the Philippines, and France 3. W. Averell Harriman, Special Envoy for President Franklin Roosevelt 4. George F. Kennan, Ambassador to the Soviet Union and Yugoslavia 5. Robert A. Lovett, Truman's Secretary of Defense 6. John J. McCloy, a War Department official and later U.S. High Commissioner for Germany.