10 



163 



\ 1 



1 me that the report of the Federal people, and particularly 



2 the summary made by Mr. Kari, attempted to get at some 



3 of the questions you have raised in 1, 2, 3, 4. 1 don't 



4 know that you are satisfied or anyone here would be 



5 satisfied with the recommendations he made, but certainly 

 g your questions are very pertinent and should be con- 



7 sidered, I think, and will be by the Conferees. As always, 



g your statement has been very helpful. 



g MR. SYLVESTER: Thank you. I was aware and 



I tried to bring it out there that your 1962 Conference 



|, was made before recent legislation. 



j2 CHAIRMAN STEIN: That is right. 



13 MR. SYLVESTER: And you operated under that 



14 restraint . 



15 CHAIRMAN STEIN: Right. 

 Ig Thank you. 



17 MR. HARRIS: Thank you, Professor Sylvester. 



18 Professor Sylvester, you have a very meaty discussion 



19 I here ariJ I believe that it has given a lot of us food for 



20 1 thought . 



I| 



21 I At this time I would like to call upon Mr. 



22 James E. Phillips, who is the Presic'ent of the First 



23 National Bank of Port Angeles and also President of the 



24 Chamber of Commerca of Port Angeles. 



25 Mr. Phillips. 



