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ProokmgB ,3lnsttluttoit
722 3Iatfeso« Plate, JC
June 11, 1956
Dear Mildred:
I shall probably not see Allan Sproul
in California, but I ' m glad to have the l a t e s t
information in c a s e I should.
Sincerely yours,
President
M i s s Mildred A d a m s
Committee on the History of
the F e d e r a l R e s e r v e System
33 L i b e r t y Street
New York 45, New York
June % 1956
Be*r
Thanks so much for sending a copji of ycur skilful l e t t e r
to Dr. John Williams, which arrived this morning. I do hope that i t
does i t s work.
Xou will also went to know thnt Kr, Sproui came down (or up)
yesterday morning &n& said in the gayest tone that if this Coramitte*
survived, £e intended to write for i t . This you may have heard before X remember 8 cryptic remark, and some hesitation as to whether you
should include a mention of this possibility in your l e t t e r to Dr»
B/uehanan. But I thought you would be cheered by the voluntary statement*
As you probably know, the Sprouls hsve taken a house in Cartel
for six nonths, and then ere go*.ng to look for a plftce nearer San Francisco.
If you 3*»e him vhile you are out there, perhaps you nan get a clearer
idea of what he has in mind, I know some things I hope he will write
which would probably be too controversial for the ConsdLttee1 s auspices,
but he really sounded an though he would 18ke to get into the history,
tfouldn't I t be atarvelloua, and ironict
Best as always
Mildred
Dr» Robert Calkins, President
Brooking3 Institution
722 Jackson Pla.ce, !W
Washington, D.C
OPIE, Redvers
Hsy 16, 1956
Dr. Cslklns:
Hiss Adaas has asked &9 to fonrard to you the
following information on Dr. Redvers Opie.
Dr. Opie i s 56 yeara old, was born in England,
educated at the Onivc-rrdty of BurhRffi and at Oxford, took
his Ph.B. at Harvardj married T&ussig's daughter Cetharine
in 1929 (and has since been divorced), beea&e en American
citizen in 1948.
His career data i s &s follows;
Lecturer in economics, tfniv, of fturham, 1919-23.
Lecturer in economics, Wellesley College (U.S.A.), 1923-24,
Harvard Univ., 1924-30.
Fellov of Ka^dalen College> Oxford, 1931-45* Hoae Bursar,
1935-40 (on leave of absence for National Service from
Sept. 1939).
University lecturer in economic science, 1936-39 {lectured
on the Federal Reserve System)•
Counsellor and economic adviser to British &abessy# Washington, D, C, (resigned 1946).
Adviser, U.K. Delegation, International Food Conference,
1943 •
U.K. Delegate, International Monetary end Financial Conference, 1944 (Bretton Woods)•
Member, U. S. Ciovt. Mission, on Private Foreign Investment,
to Turkey, 1953»
Senior staff member, Brooking3 Institution, Washington D. C ,
1947-53*
Director: Business International (Hew XorkJ, since 1954}
City Centre Properties Ltd. (London) since 1954*
President, American Ligurian Company I n c . , Rev Xork, 1947-54.
- 2 -
The British Who's Vho l i s t s his publications as
follows:
"Mejor Problems of 0. S. Froeiga Policy.*
(Joint),
annually, 1947-52*
"Anglo ^aerican Economic Relations** 19$0.
"Current Issue in Foreign Economic Assistance.* 1951•
"The Search for Peace Settlements." 1951*
"American Foreign -Assistance.11 1953*
Miss Adams checked on Dr» Opie vith British
friends "who describe hia as lively, attractive and intelligent, likely perhaps to scatter his efforts among
m&ny interests rather than plugging steadily in one Job,
but sure to finish what he undertakes* His academic
record was excellent, and some of his friends would like
to have seen him stay in the academic world, where he
seemed headed for real distinction, but the war and the
chance of government service took him out of that.
All this information h&s been sent to Mr. Sproul,
Mr. Woodward and Dr. Stewart, together with your recommendation of Dr. Opie's ability and interest as well as
the possibility of his starting work on this project in
October.
Cordially yours,
Irma Burstein
Dr. Robert D. Calkins
The Brookings Institution
722 Jsckson Piece M. V«
Washington 6, D. C.
COMMITTEE O N THE HISTORY OF THE FEDERAL RESERVE SYSTEM
MEMORANDUM
Conversation with Mr. David Owen, May 23i 1956
0. Ernest Moore
UNTAA. Mr. Owen met Mr. Moore once. Moore is highlyregarded in Haiti and is close to the Minister of Fin ance. He has
a way with him in a simple economy.
The real quality of his work
is a help to the government, Tex Goldschmidt knows Moore. Also
Henry Bloch, if aajnegiy head of fiscal division/iUniv. of Chicago,
would know technical side.
Redvers Qpie
Mr. Owen says Opie is much more competent for our needs.
He is a very brilliant British economist. He was financial
counsellor at Embassy, at Hot Springs, at Bretton Woods. He got into
various difficulties - a number of things happened to him at once
including divorce, but implying no discredit. He may have flown
too nigh in dazzling Embassy life for a sophisticated Oxford don.
He is very ambitious, writes well, is very sensitive. Once given
an assignment, he could rise to the occasion.
May H , 1956
Dear Bob*
lou will have received tvm ftgl Woodward
copies of his l e t t e r s to the trustees of Columbia
University and to Dr* Logadoa telling them that the
Cofflsitte© was granting the® $l t 500 for handling and
setting in ord&r the Prank Vanderlip papers* Xou
r^a^iber that this was agreed at the Committee meet*
ing in Washington on April 16th.
I assume that Don*s l e t t e r i s the official
st&tessmnt vhieh "will ®ske i t possible for you to send
the momy In check or draft fonu If there i
other detail oa this which we haven* t thought off
you l e t us know.
Cordially yours,
Mildred Adams
Dr# Robert D. G&lklss
Tn® Brooking® Institution
722 Jackson Place N. ¥.
Washington 6 # B. C #
a, 1956
Dear Dr. Calkinsi
Details of the iseeting of this Committee on
Monday, Hv,y 23th, p.re as follows*
Mr. Sproul asks ae to invite the members of
Cocaaittee to lunch with him at the New York Federal Re
serve Bank at one o'clock* Following luncheon, the
meeting will be convened in the lounge adjoining the
President*& dining room.
The only absent on© we are sure of is
but Don is not certain and Riefler was ve^y dubious*
Perhaps a further word from you would persuade the
latter to b® here*
Cordially yours*
Dr» Robert D* Calkins
She Brookings Institution
722 Jackson Place N # W»
Washington 6, D» C,
May 8, 1956
D&t&r Bobs
In that matter of reproducing and circulating to
libraries our collection of registers of private paper©
which may contain source material on the history of the
Fader* 1 Reserve $ystm9 I have struck a snag, end evolved a
new suggestion.
We have infoistation on the papers of
Some of this has been gleaned from public sources, but a
good deal of i t was given us on ths s t r i c t understanding
that i t -was for the use of scholars working under this
Comittee* In at least on© instance (papers given us by
Frederic Curtiss, f i r s t chairman of the Federal Reserve
B&nk of Boston) I V^R.5? asked to destroy the papers after
reading them, and haven't yet done so.
Were \re to duplicate and distribute the registers
as we have made then up for our own use, we would be violating confidences and might come under quite Justifiable
censure* I should have reported that to the Corasdttee a t
the l a s t meeting. Having been slow on this one, I now have
two suggestions for keeping the confidential matter intact
pnti at the same tlae distributing the fruit of hard work*
F i r s t , we can take these loose-leaf collections
apart and have duplicated 2 sheets for each name - the
face sheet which t e l l s where papers are (but not what i s
in then) and the biographic sheet which t e l l s why we care
where they are. This v i l l mean duplicating 208 sheets
plus* I t will make a useful library guide in a binder.
Second, we can merely l i s t names and the whereabouts of papers. This would cover 5 or 6 mimeographed
sheets which, stapled together, would be received and filed.
My choice would be the f i r s t . The real difficulty
i s on© of cost and time. I t we have the Bank do i t by
a u l t i H t h , the estimated cost v i l l be about $250 ^ov r e producing alone, and then we would have to arrange for
punching, collating, binders, labelling and mailing, which
could probably be done on an overtime basis at the Bank»
- 2 -
A photo offset firm wants i860 for the whole job except for
the ring biaders which would be extre.
The straight list of naaes and location of papers
would of course be much less expensive, and could probably be
done for less than $50, but would be neither as useful nor
as impressive* It would go out as • five or six peg© information bulletin, to be put in a press-board binder or
not, at • library's convenience.
Do you want to mske e decision on this? Or would
you rather it was held for the Committee with the execution
to be done at Brookings after June 1st!
Best as a
Mildred Id&ms
Dr. Robert B, Calkins
The Brooking3 Institution
722 Jackson Piece N. *•
Washington 6, B. C«
May 8, 1956
Dear Bobi
This i s confirming my telephone
Message th£t the greatest msnber of Coardttee Biea.bers can come to Hev Trrk en
Friday, Key i-5th a t 10 t«ft« I •* fl^d that
you will ksep r.fter Mr# Burgess. All the
otiiere have s&id they could come excepting
Dr» Stewart. Perhaps you vovild try to
reach him £?J.so if he i s in Washington. Mr.
Sproul i s , LQ you know, under hecvjr pressure, but he v i l l be there if h© can.
Cordially yours,
Mildred Adams
Dr. Robert D. Celkins
The Brookings Institution
7^2 Jeokson Place N. W.
Wasiain^ton 6, D. C,
TRUSTEES
HONORARY TRUSTEES
WILLIAM R. BIGGS, Chairman
ROBERT BROOKINGS SMITH, Vice Chairman
ARTHUR STANTON ADAMS
DANIEL W. BELL
ROBERT D . CALKINS
•ONARD CARMICHAEL
. JNTINGTON GILCHRIST,
WILFRED L. GOODWYN, JR.
LEWIS WEBSTER JONES
JOHN E. LOCKWOOD
LEVERETT LYON
GEORGE C. MCGHEE
GILBERT F. WHITE
LAURENCE F. WHITTEMORE
DONALD B. WOODWARD
ROBERT PERKINS BASS
MRS. ROBERT S. BROOKINGS
JOHN LEE PRATT
OFFICERS
ROBERT D. CALKINS
President
6,
MILDRED MARONEY
Treasurer
722 JACKSON PLACE, N. W.
ELIZABETH H. WILSON
Secretary
May 4, 1956
SHELDON B. AKERS
Executive Manager
7
* OH THE HIIIOiK
Of THE
Dear Mildred:
I think your suggestion to dispose of the Lightolier
fixtures is excellent. You may proceed.
I am not able to judge whether the estimates cost of
reproducing the material on collections of papers is high
or not since I do not know how voluminous the material may
be. It seems to be a rather high price. Perhaps we can
talk about this on the phone the next time you call. Conceivably we could run the material here, although there is
no point in doing that unless we can do it much cheaper.
With very best wishes,
Sincerely yours,
President
Miss Mildred Adams
Committee on the History of
the Federal Reserve System
33 Liberty Street
New York 45, New York
Kvh
u
Kay 4, 1956
Be&r Bobi
I talked yesterday with Mr* Bool&e who, like aoet of the people in
t h i s B&nk, i s s t i l l suffering fro» the shock of Mr* Sproul's resignation. He
hss made & suggestion for *t man to do the perfectly straight-forward history
vbich he i s going to mention to Sir. Sproui* This its 0* Ernest Moore, now
©aonos&e ®n& financial adviser to th<a Haitian govarn&ont and ih# Sfetional Bank
of the Bepublie of Haiti* formerly manager of the Re««areh JNip^rtmsnt in th«
Hew Xork B&nk» His record i s #nolosed« Roelse thiak$ r«ry Hlghlj of hM.t gays
that he writes reasonably veil* that he i s a very eoapatent worker end would do
well vith straight-forward nferratiTe» lie has great capacity for absorbing
vast quantities of aaterlal $.nd setting them la order*
or three timea 1 have been told that i t probably vould be neoes*
to • elope out th« pzojoet*" I do hope this i s oaly a shorthand phraae
not l i t e r a l * the Chandler book aust of eourse be finished and published*
l a additioai I hope Most earnestly that the legal attach whieh H&ckley has under 1
way, "toe Htiaond s t ^ y of t&t evolution of the coUection funetioa aud Willlaas
etady of th« relation bttweea fiscal and monetary policy will be put through*
AH three of these give promise of being distinguished work, very much to the
point, trnd I would think that i f nothing further was eosardseioaed, those three
ought by every standard to be carried through*
fai* may be comprehended in your present thinking, bmt i f not, I do
hop© you will consider i t seriously* Having gone so far with these, i t wsuld
seen to me a real tragedy to drop them at this point*
Ve ere s t i l l working on the s e t t e r of a date for the meeting e t the
end of May* I will l e t you know the moment anyone of th« three days mentioned
becomes fira.
Cordially yours,
Mildred
Br* Robert B* Calkins
Ihe Brookings Institatloa
722 Jackson Place II. W*
Washington 6, B« C,
o#e» - Mr* Donald
Hay 1, 1956
Dear Pr. Calkins:
In listing the a&teri&ls 'which would be sent to Brookings when
&nd as the decision i s iaade, I omitted mention of tvo Lightolier laaps
•which were bought to iiang above tvo desks in the outer office* They
ere wide spreading leaps vita an em th&t comes out from the wall,
Unless you want them sent onf we would be inclined, on account
of their bulk and their fragility, to dispose eX than hare in the Bank*
There i s soise evidence that we could sell thesi here and do eway with the
difficulties of moving them* On the other h*ndf if you want them, there
i s no reason why they should not come down* th& pair of them, cost
$63.75, «nd -m would of course be e.sking ft second hand price i f they were
sold here in the Bank,
We have been going into the costs of reproducing the material
accumulated on collections of p&pers• Xou aey remember that the Committee
thought i t sould be well to send these to the seme banks and l i b r a r i e s
vhich are to receive the Carter Glass Inventory. The a u l t i l i t h department of this Bank has given us a rough estimate which comes to $432 i f we
send out 40 copies. If we send l e s s , each copy v i l l be proportionately
sore expensive, as the important basic coats ere typing and proofreading
whieh must be done regardless of the number of copies run off* I t would
probably take about 3 weeks to get this done. In addition, ve must purchase binders and pay for punching*
No figure was mentioned a t the time the CoMrdttee approved t h i s ,
and I do not know whether they would want to do i t i f they knew i t was
going to be ao expensive. I can bring i t up again a t the next Coimittee
meeting, but that will be too let© for us to put i t through here* May I
have your beat advie© on t h i s .
I think we may tmtm to ask Hiss Burnett to come in for a day or
two in order to close out sose library things she was doing. I take i t
this will be a l l right with you.
Cordi&lly yours,
Mildred Adams
Dr# Robert D. CaUkins
The Brookings Institution
722 Jackson Place K. ¥•
Washington 6, D. C.
HONORARY TRUSTEES
TRUSTEES
WILLIAM R. BIGGS, Chairman
ROBERT BROOKINGS SMITH, Vice Chairman
ARTHUR STANTON ADAMS
DANIEL W. BELL
ROBERT D . CALKINS
.EONARD CARMICHAEL
iUNTINGTON GILCHRIST,
WILFRED L. GOODWYN, JR.
LEWIS WEBSTER JONES
JOHN E. LOCKWOOD
LEVERETT LYON
GEORGE C. MCGHEE
GILBERT F. WHITE
LAURENCE F. WHITTEMORE
DONALD B. WOODWARD
ROBERT PERKINS BASS
MRS. ROBERT S. BROOKINGS
JOHN LEE PRATT
<3lttstti:utttm
OFFICERS
ROBERT D . CALKINS
President
6,
7 2 2 JACKSON PLACE. N. W.
RECEIVED
ELIZABETH H. WILSON
Secretary
April 30, 1956
SHELDON B. AKERS
Executive Manager
_^#-J%
MAY 1 1 9 5 6
COMMITTEE ON THE HISTORY
OF THE
Dear Mildred:
Thank you very much for the suggestion of Herbert
Heaton. I shall check further on this as a possibility.
I have just received a copy of a letter from Allan
Sproul to Don Woodward, resigning as chairman of the
Committee effective by June 1. As you will know by the
time this reaches you, he has resigned as President of the
Bank and is moving to the West Coast. Partly as a result
of this move, Allan is rather inclined to have the Committee
close up its activities. Randy Burgess, on the other hand,
feels that we should look some further and asks about Win
Riefler as a possibility. I shall try to see Win this week and
see whether there is any chance of inducing him to take on
the project on a monographic basis.
With very best wishes,
Sincerely
President
Miss Mildred Adams
Committee on the History of
the Federal Reserve System
33 Liberty Street
New York 45, New York
MILDRED MARONEY
Treasurer
April 30, 1956
Dear Bob:
Xour l e t t e r of April 27th and the fact that
spring arrived in New Xork over the weekend, so that
June 1st sessid very near* move &e to try to plan for
necessary eventualities.
the enclosed l e t t e r to Mr* Sproul speaks for
i t s e l f , Hf ovn hope wuld be that, as the project must
be kept alive until Dr« CSmndler finishes his book, i t
might be possible to put i t into oolci storage on the
theory that personnel say turn up irfhea least expected*
In that event, i t might, be possible either to ask the
Bank to store Committee a&terials here awaiting your
call or to send thea to Brookings to be stored until
needed*
I -win be phoning you about a meeting date
as soon as I get word from Mr# Sproul*
Sincerely yours,
Mildred Adams
Dr* Bobert D* Calkins
The Brookings Institution
722 Jackson Place ti* V*
Washington 6, D. C*
Enc*
TRUSTEES
HONORARY
WILLIAM R. BIGGS, Chairman
ROBERT BROOKINGS SMITH, Vice
ARTHUR STANTON ADAMS
Chairman
J O H N
roofemgs
LEONARD CARMICHAEL
HUNTINGTON GILCHRIST,
WILFRED L. GOODWYN, JR.
LEWIS WEBSTER JONES
JOHN E. LOCKWOOD
LEVERETT LYON
GEORGE C. MCGHEE
GILBERT F. WHITE
LAURENCE F . WHITTEMORE
DONALD B. WOODWARD
p R A T T
D
6, IL dL
ROBERT D . CALKINS
President
7 2 2 JACKSON PLACE, N. W.
A DD $ A 1GR£
* "
Aprils,
L E E
IV50
•* O V
13J U
MILDRED MARONEY
Treasurer
ELIZABETH H. WILSON
Secretary
(DtHlllTTCE ON TM£ HISTC R^LDON B. AKERS
^
"
i W « > e Manager
RESERVE SVST
Dear Mildred:
At the end of a busy week I should like to clean up several bits of
unfinished business relative to the FRS project.
1. I am enclosing the Minutes of the last meeting, with one or two
minor editorial changes.
2. I have already written in answer to your letter of April 23 regarding the shipping of papers and the possible purchase of filing
cabinets from the Bank.
,
A
\
,.! accepting
3. The Resolution passed by our Executive Committee,.!
the Committee's proposal, is as follows:
"It was moved, seconded, and carried that the suggestion
made by the Committee on the History of the Federal Reserve
System that the Institution assume a larger share of responsibility for the project be approved on condition that a staff
person who could exercise this responsibility be found."
4. To your list of libraries that might receive the selected
inventory of the Carter Glass Papers, I would suggest the consideration
of the following: The Duke University Library, Northwestern University
Library, and the University of Minnesota Library.
5. Latest Developments: The call from Phil Bell, which indicated
that he preferred to go ahead with his fellowship next year and to accept
the California appointment the following year, and the decision of Ray
Powell against participating in the project leave us back where we were
regarding staff.
I have reported this development to Allan Sproul, Don Woodward,
Walter Stewart, and Randy Burgess. Most of these Committee members
feel that we are probably at the end of the rope and should consider
closing out the project. Randy, however, is unconvinced that we need
to abandon the project and suggests an exploration of the possibility
TRUSTEES
ROBERT PERKINS BASS
ROBERT S BROOKINGS
M R S
Miss Adams
-2-
4/27/56
of inducing Win Riefler to take an active hand in organizing monographic
studies and the seminar. I will explore this with Win the first of next
week.
There is genuine reluctance to assign the main writing responsibility
to Wallich, and there is no real enthusiasm for assigning it to Ellis.
Meanwhile, I doubt whether we could get Ellis full time for any significant
period.
One possibility would be to have me explore the personnel situation
further during the summer and report back as soon as possible, but
probably not before early fall. I see little point in doing this unless the
Committee is prepared to assign the task to relatively unknown younger
scholars, or unless older writers on monographic subjects will be
considered appropriate.
I intend to explore further the various aspects of the problem,
including the possibility of the three monographs approved in principle
at the last meeting.
With very best wishes,
President
Miss Mildred Adams
Committee on the History of
the Federal Reserve System
33 Liberty Street
New York 45, New York
Enc.
8% X956
W0 have estli&ctteg on th<* oost of moving, vhleh th« Iteak
obtained* aad slo & figure for the purahfts« t f th* f i l e ©&bin«it?H
detells an* $8 foliova*
Hovlng it Storage Gmp&ryr9 ^ i « h naada & tsm^fc to
ftt l<mst telM llttM I WNk« Will t-.'lr«. fatiUX fti ft pft
at ft m t t o^ f5#S5 p«r hundred VtA^Itt thi« la bused oa th«
telCf« In MdlUon, t b m I s « tfiiift for etrftPt'^.ng f i l e
n««#98ftiy «ftrton«» V» fli^ire that the vhoX* thing
ig*N|g |?D f b«% Itet tlfioM Li f l « l b l « i ra not
earfeons \te v l l l need r^or exe-otly Vhftt %e ooet of haJKvXing in«ldeatal
y
l l ' i I vo'old be
i t f l If oo«te fBi f
fro© | 7 0 # sit&sr way.
An for IIM ttXe w M l t i t j w*? h^.vt three etedl crw»*
cabim»tj m$, QUH |V*4fMMV 4x^ OB«I MldielH th« 8,*jsk e&XL«d In three
sum ar^? uot Mdo rffgittf froa $X60 to |E3£t S^ eojaa lutrloete
of their •«% t^i^y b»v# errive^ft%* 1«ot#I pttee of $&53«50*
I thiafc tfe*r« in ft^«37 re«son to Uke their vwNI ttwl *hl£ i s « fedr
Sew that Hi h»v* thftee fi&vir&&t further 9kt?m&®m®n%8 \£VL
©ours* i i f i i t the decision of th® Ooi»iitt*# mad v§>3rt! froa you*
Er« Eobert P» CtOk
^ « iircokl&gs Inatltutloa
a 6 | B* C*
Us** Sh»Xdcm ikers
TRUSTEES
WILLIAM R. BIGGS, Chairman
ROBERT BROOKINGS SMITH, Vice Chairman
ARTHUR STANTON ADAMS
DANIEL W. BELL
ROBERT D . CALKINS
LEONARD CARMICHAEL
HUNTINGTON GILCHRIST,
WILFRED L. GOODWYN, JR.
LEWIS WEBSTER JONES
JOHN E. LOCKWOOD
LEVERETT LYON
GEORGE C. MCGHEE
GILBERT F. WHITE
LAURENCE F. WHITTEMORE
DONALD B. WOODWARD
HONORARY TRUSTEES
ROBERT PERKINS BASS
MRS. ROBERT S. BROOKINGS
JOHN LEE PRATT
OFFICERS
6, JL OL
7 2 2 JACKSON PLACE. N. W.
April 24, 1956
President
MILDRED MARONEY
Treasurer
ELIZABETH H. WILSON
Secretary
SHELDON B. AKERS
Executive Manager
APR 251956
COMMITTEE ON THE MUTOftV
Of THE
FEDERAL ftCSCIWE SttTtM
Dear Mildred:
In regard to the matter of moving equipment, I would
suggest that we buy the filing cabinets from the Federal
Reserve Bank if they are available; and otherwise, that we
acquire similar equipment in which to ship the materials.
I think it would be well to send both units of the
Ediphone since we can make use of them here on the
project.
I will get off a further letter to you today or Thursday
regarding the Minutes and the memorandum you requested.
Sincerely yours,
President
Miss Mildred Adams
Committee on the History of
The Federal Reserve System
33 Liberty Street
New York 45, New York
ROBERT D. CALKINS
April 23, 1956
Dear Bob;
A3 the Committee meeting of last week was
aosUy devoted to your reports, I am sending you an
advance copy of th^ Minutea of both full OoKlttt* and
Committee* Would you read then and Make
corrections you think advisable so that I may circulate then* I would appreciate having them back as
quickly &$ possible.
I am also enclosing ail the material 'which
ve BSfm &ble to get on Dr, B^:/mond Poveil of Zale.
Cordially
Mildred Adams
Dr. Robert D. C«akin8
The Brookings Institution
722 Jsckson Place H, V#
Washington 6, D. C.
Enc.
April 23, 1956
p Bob:
We have been going over the detrils of moving
files etc, to Brooklngf* Vhila the inventory Is not
completed, there i n two things about ufelflfe w© need
your advice.
First, we have 1 four-driver $%**! file cabinet
of correspondence and records, and 2 f i l e card cabinets
of about tha 3tm& oize, in addition to miscellaneous
ftfttarlftl for which wa « m have to find appropriate
packing. I t would seem to be much simpler to rsove these
files in their steel filing ccbinets than to ts\& %hm
out, t i e them, box them, and send them down in cartons
which you would then have to repack.
However, these filing cabinets if* not our
property but are rented from the bank, I «M therefor*
making inquiry as to whether they would be f i l l i n g to
sell them to us. They are standard equipment, so there
should be no difficulty unless i t i s » s e t t e r of bank
accounting.
If
/ou thin>* of
transferring
of preparing
tney cannot sell them to us, wh&t would
our buying equivalent equipment here, and
our 3iat©rial into th«a as the easiest way
for shipment in good orderi
If you know what rooms ere to be designed
to th© Federal Reserve study, perhaps I could confer
with Mr, £kers when I next come down in order to be sure
we don't run into apace problems. We are eo generously
housed here that i t might be veil to know whether ve
have to think in terms of greater
The other detail I would like to check with you i s
our only expensive ite& of equipment - the Ediphone and i t s
transcriber, Ve iHillgtli thet particular brand of dictation
machine in 1954 on your advice, and I think you ere using
one fct Brookings. Would you vant this dictation unit and
the transcriber unit for the project there? Or only one of
the©* Or would you prefer thet we sell both?
this is, of course, provisional at the moment,
but we have to look ake&d in order to make sure arrangements are adequate if and uhen we do move*
GordialOy,
Mildred Ade&s
Dr, Robert D. Calkins
The Brookings Institution
722 Jeckson Place H. V»
Washington 6, B. C.
April XS # 1956
Dear Bob;
Xoa offered a t the ttoad&y s k i i n g to send Mr* Sproul
a fttiWil. st*teft«nt ©£ the Brooking action e t their M&rch »e#$t
ing if tot *•*•%•$ i t * I hJKt* just ft ymd your slterofctive
*Cl&«$t of enactment,* *&ieh i s co%^ p r r t of th#
Co^iitte* 1 ^
11
©fflcifl Minutes, Section I t of ti?«t ^cluuat MgFVf *th«t if
th» Brookiogs Institution i d l l vsrtc out the foregoing nrrange*
s t a t s in a fanner feccepttblf* to lt»«lf| th« C«waiittee leill b®
to give tfet ptop^Ml
A0 th« p j t i o &8S.ign*d to k#«p Oo^nitte© records and
eager to preserve & certnin v^rbel ninlX«rit7 t at l«set #
t is Pltpiiid and r*tat i s (or l i net) achieved, I think i t
h«ip If «l could fetVi a form©l stEt#m#at of the
Thftaft negotiations ere inforaal, but I do need to
an account th^t wtll be reasonably infonr*e.tiY« and aocurate for
people viho 3Bisy MMttM look back at i t * X m$ of eourm$ r e porting tht Brookings accept»r*c?e-*cijm*proviio i s tha Minutes, but
X*& b# h&^pier to know that ma b&cfctd up by a l e t t e r fr<m you*
thanks mucn,
Mildred,
* Heb«-rt .0. Celkins
Brookings Institution
722 Zt.ck&on Place II• i+
6, D. ۥ
«.o» - Mr. Sproul
HONORARY TRUSTEES
TRUSTEES
WILLIAM R. BIGGS, Chairman
ROBERT BROOKINGS SMITH, Vice Chairman
ARTHUR STANTON ADAMS
DANIEL W. BELL
<OBERT D.CALKINS
-EONARD CARMICHAEL
HUNTINGTON GILCHRIST,
WILFRED L. GOODWYN, JR.
LEWIS WEBSTER JONES
JOHN E. LOCKWOOD
LEVERETT LYON
GEORGE C. MCGHEE
GILBERT F. WHITE
LAURENCE F. WHITTEMORE
DONALD B. WOODWARD
ROBERT PERKINS BASS
MRS. ROBERT S. BROOKINGS
JOHN LEE PRATT
OFFICERS
5, |U, CL
722
JACKSON PLAC E,
N. wT
April 18, 1956
Thank you for the material on Philip Bell. I am very
glad indeed to have this. If you can get similar information
on Powell, I shall be delighted. Also on Henry Wallich.
I had a brief talk with Norman Buchanan here today. He
seems to be quite satisfied with the general approach we are
proposing. He has a very high opinion of Wallich and thinks
he might make a good member of the team. I have agreed to
report to him formally when our plans are a little bit more
settled, after talking with Bell and Powell further.
With very best wishes,
Sincerely yours,
President
Miss Mildred Adams
Committee on the History of
the Federal Reserve System
33 Liberty Street
New York 45, New York
MILDRED MARONEY
Treasurer
ELIZABETH H. WILSON
Secretary
Dear Mildred:
Enc.
ROBERT D. CALKINS
President
SHELDON B. AKERS
Executive Manager
April 17, 1956
Dear Bobs
Thanks so much for sending me a copy of your
note to Mr. Sproul about Philip Bell# It came as I was
preparing to send you additional date -which we h&d turned
up on the young man and which answers some of the questions asked at yesterday*s meeting*
I am enclosing this data on a separata sheet
of which I am sending e copy to Mr. Sproul* We can forward it to other members of the Committee if you would
like this done*
On Powell we are less fortunate* but I am sure
that we could get & more complete data sheet if you would
like it.
Most sincerely,
Mildred Adaras
Dr. Robert £. Calkins
The Brookings Institution
122 Jackson Place N» W.
Washington 6, D. C«
Enc.
April 9, 1956
Deer Bob*
Two details were l e f t out of ay lon^ l e t t e r
tttstf Win Riefler thinka we should be prepared to
pay Haomond for i&jr outline vhich he prepares for us*
8« Mgra Saaaoad's income i s v«ry liaittdj tad he
should not be asked to spend time on vh«t might be
oallod a speculation,
Second, mey I have e eopy of your 40th
Anniversazy speech? If Mrs* Suttle can aold one for
ae, I ' l l pick i t up iliea I Qoue to Washingtan at tbt
end of t^ie week*
Mildred Adasss
Dr. Robert D. Calkins
^he Brookings Institution
722 fac&soa Pltice Si V.
Waging ton 6# D, C.
TRUSTEES
HONORARY TRUSTEES
WILLIAM R. BIGGS, Chairman
ROBERT BROOKINGS SMITH, Vice Chairman
ARTHUR STANTON ADAMS
DANIEL W. BELL
ROBERT D. CALKINS
LEONARD CARMICHAEL
HUNTINGTON GILCHRIST,
WILFRED L. GOODWYN, JR.
LEWIS WEBSTER JONES
JOHN E. LOCKWOOD
LEVERETT LYON
GEORGE C. MCGHEE
GILBERT F. WHITE
LAURENCE F. WHITTEMORE
DONALD B. WOODWARD
ROBERT PERKINS BASS
MRS. ROBERT S. BROOKINGS
JOHN LEE PRATT
OFFICERS
ROBERT D. CALKINS
G,
President
7 2 2 JACKSON PLACE, N. W.
Treasurer
ELIZABETH H. WILSON
February 27, 1956
Secretary
SHELDON B. AKERS
Executive Manager
ia « *
Dear Mildred:
The arrangements for the meeting on the 17th are
excellent. We can meet here in the Brookings lounge,
and have coffee at 11 and luncheon here at 12:45.
I talked with Walter on Friday. He approves the
revised resolution for our meeting at Princeton.
Thank you for the Hackley manuscript and the
outline,which I will read in due course.
Sincerely yo
President
Miss Mildred Adams
Committee on the History of
the Federal Reserve System
33 Liberty Street
New York 45, New York
MILDRED MARONEY
5 , ,3EL <E.
E w B IV • D
M a r c h 8, 1956
-
J#M?*
MAR 91956
ON THi
9TTMI
Dear Mildred:
I had not received your note when
I spoke with you on the phone this morning.
I am very sorry about the illness and death
in your family. It is quite all right to take
a week's vacation after March 17.
Sincerely yours,
President
Miss Mildred Adams
Committee on the History of
The Federal Reserve System
33 Liberty Street
New York 45, New York
March 8, 1956
Dear Bob!
I as encXosing carbons of the two draft agenda
prepared for the meeting on the X7th« These are of course
highXy tentative, but they will serve as starters for your
ovn changes*
}fy understanding is that you will phone me Tuesday
or Wednesday, with aoae idea of the material you need from
this office, and the help we can give you in preparing for
the meeting. Jfy present plan i s to cose down on the mid-night
Thursday, or an early plane Friday, so es to have the whole
day there* Thursday i t s e l f holds three important engagements
here -which I cannot break, but I could coae down for the day
Wednesday if that would help* I'd think, however, that the
telephone plus aXl day Friday would do it»
Anyhow, 1*11 expect to hear from you after Monday •
Best luck with your dinner on Saturday.
can't be there.
Sorry Z
Cordially yours,
Mildred Adams
Dr. Robert D. Calkins
The &rookings Institution
722 Jackson Place tf« V.
Washington 6, D, C.
Enc, 2
March 7, 1956
Bobs
Ve h?r* hf.d t de-sth in %h# family aftsr long
ufcieh hfts teken rqy last acrcp of reserve energy*
unlese I plan to get >
or e rort in th« MAT future^
I f»heli find ssys^lf kid»iApp«d b/ my >iU6b«nd and taken off
by force.
Under those llyrafttiBfttSf I 'Uiliik i t the better
pert of "fcrtsdQE. to plon for &. wtek*® vacation following th«
aeeting
of March l?th« ?«rh&ps i t ought to be c*»ll«3
n
sick Iwivis* for ^ a r record* - In &ny evont# I rn sure you
will understand the situation* I *ould «xp«et to b«
in the office on Kondey, the 2&th of
Very einoerely yours,
Mildred Ad«ms
Dr. Ittart 2* C&lkino
Tne Brookingi? Institution
722 Jaolccon Pleeo S# V*
Washington 6, B, C*
c.c, - Mr.
6*~
February 28, 1956
Dear Bobt
Tou asked me to get information about certain economists vho were
suggested by you or by Dr. Buchanan when we saw him on February 21st. The
l i s t vas as followsi Professor Ronald G©*se of the University of Buffalo| Dr.
Gerhard Cola, now with the iteticmi»l Planning Aft&ocletlonj Professor E* Victor
Morgan of the University College of Swansea, V&legf Dr« Arthur Hprget of the
Division of Intern®tional Finence at the Board? Professor Frank Paish, now at
the University of i*ondon| Dr. Beyaond Fovell of lele} end Bean Harold Somers
of the University of Buffalo*
i as appending career data on e l l these men, gathered from various
sources. In addition, you may like these few e^-ssTOents which have come to
light in to© process of looking around.
£• Victor Morgan, vhom Dr. Buchrnan descried as "that albino down in
h&sf ae you v i l l »#e| done several studies of mon#y including a book
on "The ^ieory and Practice of Central Banking, 1797-1913-• He he'd a Rockefeller
grant for study at Harvard In 1949-50 &®d vag i vief.tlng lecturer at Cclusbia
in 1953# He i s eager to come to the United Statue for a longer period of tim«9
and Ifr* V1X.L1OB8 has recoasended him at several universities, but the unfortunate accident of hie having no pigmentation, so that he looks rather like a
white rabbit, i» believed to have worked against his in every c#.sa# There !«
BO question whatsoever of his a b i l i t y , &nd the warm recommendation of Dr#
Villisms would seem to ae to weigh heavily in his favor* He ia just 4-0 &n&
therefore in the proper age group. He writes with clarity and f a c i l i t y ,
Marget, who i s 56, I &seu»ie you know. He has been Director of the
Division of International Finance 8t the Board since 1950. His writings, so
far as we can find, are in technical periodicals, except for his two voliaaes
on "The theory of Price©•" While he i s undoubtedly competent, I do not find
him particularly lucid.
F, V, Peish, nov Reader in Business Finance at the Onlversity of
London, i s the son of the famous old Sir George Pelsh who was so active in
World War I finance, lou will find l i s t e d three books and e series of articles*
Of Raymond Powell at l a l e , who i s only 34, I know only the slender
material on his card* The fact that he i s interested in Soviet monetary
policy might give us a lead, but he has done almost no writing fro© which I
can judge*
In addition to these people, Miss McKinstry has garnered sosae other
British suggestions from Dr. Williams1 files* These Include* John K. Horsefield, now Deputy Assistant Secretary-General for Economics and Finance in
$«A,T«Q»| Arthur Joseph Brown of the University of I*eeds who was a visiting
professor a t Columbia from January to June of 195O# and vho l e f t an excellent
reputation behind hiai 0. S* Lees, one of Morgan's students, now at the University College of Horth Staffordshire! Michael Postan of Cambridge, an
economic historian whose work has been mostly in medieval monetary affairs
(except for a book on "British War Production* in the second World War)| Eric
Roll, who wrote an excellent book, "About Money," and vho i s Bnder-Secret&ry
of toe British Ministry of Foodj J t S, G# Wileon, who i s Snyera1 assistant in
soney and banking at the London School of Economics*
Of these, Horsefield tnd Vilson seem to me the be0t bets* Wilson i»
an Australian, now on a I»everhulme Traveling Fellowship for eight months in
the United States and. Canada to -tudy the vcrking of the Jtttflfltfll banking
systes* He i s an inconspicuous man whom I think I met in Kansas l a s t summer*
He i s said to be nov in Sen Francisco and to be reachable either through the
University of California st Berkeley or through the Federal Reserve Bank* He
has a new book on the French bunks, "French Benklng Structure and Credit
Policy," vhich Dr. Williams thinks highly of (just off the Harvard press), and
the fact that he hfti so recently been visiting the Federal Eeserv© Banks would
seem to laake him pOftftlfely I Bftttottl for thlF project*
I em appending the career d&ta on these people aleo.
further information, I will be glsd to ft* vh&t y,s crn do.
If you need
Cordially yours,
Mildred Adasse
Dr* Robert D. Calkine
The Brookings Institution
722 Jackson Pisco H# V#
Washington 6, D. C.
Enc,
F-bruary 24, 1956
Deer Bobs
s Which W h«-ve had from Casa<tee
i t look i t though the proposed meeting on March 17th In Veshing
ton tfef Shftplag up a l l rights #r» fttiMf cannot OfMM^ and Sr«
tfillitfl i i .-till la the bospdttlj but as everyone e l s e h*i sig~
nified their intention ftf NtJtg there, ftftd ft8 eltetfttt* detes
proposed by 0r* Jeaes vero i^poeiibXt for Hr« Sprool, i t i^ the
latter*8 wlah that th« ^eetin^ be held £s
The plc.n would be to convene at 10$30 on Saturday
morning, ffereh 17th, and to recess for Isinch at 12145* Mr*
Sprotil «matfl .en EiaoutlTt 6gMti.tt*« Ji^etirjg aft^r t!i<? f u l l Committee p^eUng and plaas to ! • * ? * VSashiQgtM i t 3s30, so M
woul^i vsat to t-djoum at 3^00« Xhli should, I tMnk, mean
that luncheon would coae as an interlude IkftlMNMI the f u l l ComEiittse R#6tlac and th« Executive Coaslttee neeting, the l e t t e r
being -convened not l a t e r thsn 2:00.
I hope this means that we cen lunch at Brookings and
that th© Brookin^s kitchen 8 U furnish us ulth coffee at U J O O ,
as aseiss te ;i£.ve become a CUE ton in thftN dfiy-long meetings*
¥e w i l l be ahtCidBg on det&ils l e t e r .
sincerely yours,
Mildred Adams
Dr. Robert D. d i k i n g
'?he Brooicinga Institution
722 Jackson Place S» W.
^ton 6, D. C»
February Z'$, 1956
Dr.
Out of t"j* notes* I took f t the Rockefeller Amd£tl4ll during
«*ith Dr. Korean ItaflMMft on flttoMNQT 21st* I estate y<y..
chiefly thcs* *Hieh reflect Dr« Bttchcnnints ro.int of f i e * m l H9
WMrti f o l l c
| th#r*^for« ( t t t t t t t l to those
After I1>»l11i on the results of th« Cores!t+-««
, vith I t i it«tfl«« *o Mk tfct i n M i l i
katiott
OttMXlV fcr GeRfiltt*»e wrk, IV. ft
to 1) 0ptif uf e giMH
vfeerc h^ wntle;
1 f*r l i i i i i m i ^roo«Jur»i in thia
nf
?) l i p i ! • hrv« an ««f
0" ^oaogw^i authors *nd t i t l e s
for th© QHK&tlM meeting en Hsrch
fftr i t i s s o t vjuite sle&r vfaetfo«?r Brooking® vr^uld tiike on
ilnly M he*-d ef OsBKlttee wtfttj
MW auah «
b*» g i v n I fiill-4r«es Brookingf. eppoint»e&t* Br» '
•» exeellent sen in central titiridLn^ ml^ht b# «&. Intcgrf^tlsg influence
for C^*s?sltte€ ft^tlvltisiif T^r* QsiU "
'*• ted *
bfi e>"pt»<>-ted to
one of the desired «aa©i».t;iag ^g v e i l && to f.ftt «.& general
l i r r c t c r cf Dii *•:".• teatevtl^e pX4iif lrielu^e the oopjclfisJ
of monofrtphu, the se«tii«iS4 hunt for *a h l s t o r l e s f end the s&fpiag ef a
mftinnr |MPtfrtti i t trjoktn^t, tv« l e t t e r to b^ ftttMi4! outside of Roekef e l l e r funds*
Dr. dueheitta eaked I f this ftdRl&lstr&tlve s h i f t aeiint that the
Qosmitte* imul.tS issoms merely fe.^lesrys Dr# %*%tiw ?i£??urcd. hi« that they
kept ^se j^ower of decision. Dr» Bucnaaan asked i f Brooklngs vould l i k e the
gretter r*ii}ionsibllltsr inr^iv^d sntf « • • assured lki% UttVt ^*s no Intention
to withdrew frcaa i t .
<m 5
«•
DP» Ct&kias stated his purpose in asking this lat«nri«v to b#
thr»e-folds
1) to UpHPt on the above ch^ngea,
to &®e#rt&i& the &uehwitsjK»EQck»£fdi.er tl&* stcheduitr If theate
&usst go to ths Boekefelltx' Executive Coi&»dtteftf
3) to
On the third of tk#s© todies, Sr» Buekfcatufc suggested the following
of
» W. F&lsh of the Loadoa School of Seono?*lcg (aoa of Sir G
of «concaiiec a t th«
of
S ,
EoBJStld I« CUM of the Uaiversit^ of Ba/falo
Harold M. taiMfVf D^iiR of th* JScbooX of
i t / of BuTiiJUj
Colm# aow viih HM S^tioael RUMlilg
of so*
tV;ur llMf«% cf Ite Elviiiioa of
liiiltl
A» X» GtiiMtOif for further aug^^^tloas ftbottt British
I t va» ftr« imiMMHI9i opinion thitt &zv telfiiift or *
vmt*T&bla to 0
l a es">f<ciu3toa, l)r« BuGiifer*«ia iMM^lii 0r« C&ikiii©1 ««&6rtlon that
the pMpNM i t T^\\
t Ma—ta> ccnteiaed aotajisig JI«V «xoep
/ for Br<?oki%a «ad an «nli£nc*d e&ph^&ifi on
p
f? not to lM ifttlttded und«r the HoexefeJULe
Bueh&n«n asked that t l ^ t t *w r b« m<nt bla g?/ia^ in effect, t h i s I s Uie
i t Xooka to us oa C£\fen^@»j this h# v i i i d t a r vita IMM M In A ^onth» If
the i>rograa ooatlnu#g as I t la today outlia#<!, Bear. .Husk vould raport I t to
his %©autiv# Coa£iitt<»ftf but vould not 'n#ve* to ooniiult th«tt« l a
he said, he «a^ no r<m$&n v;r/ ^MNM W^lU ^ M^f probl^^a about I t .
3t«t«»d tiuit wife UK planning would go laiie^dl but
no fomal
e0»ita«nt&
WMl
U ^# made uutll aft«r 0r» Bu<£i«4Ui.a n :r«turn
X.7tlLt fr«o^ thi trip bi i* suUclag to th«
I ho;H> ttkii MMMUQf &€»rv#& your pwyMM« Ih* tsmuiaertpt and the
outline by Haw«rd %Ht^.iy t i t #A«loMd«
sincerely yours.
Brooking.® Xnstltutioa
Vtshlngtoo 6, ». C,
Mr,
February 6, 1956
Dear Bobi
I am. enclosing with this a copy of the "Minute* as I understood the Committee to approve i t l a s t Saturday.
There i s one detail of which I am not completely certain
because ainds were changed and my notes were overwritten. This i s
paragraph I I , subhe&d !»(•)* That, as you -will find i t here, i s &
telescoping of the original (a) and (b). I*ooking at the scribbles on
ray own draft, the question i s ttbether the Committe» intended, t&e acceptance of programs &n& of people both to be subject to i t s review,
criticism and authorisation. I 6m certain they did, but if you would
like Me to 6end that question around, I would be glad to do so.
Perhaps the simplest thing would be to send to the rest of
them thi& text th&t I am sending you tsd see i f there are any objections*
Otherwise 1 would think i t vas safe to go ahead with*
I am expecting to see you on Tuesday, the 14.th of February,
f i r s t thing in the aorniag.
Cordially yours,
Mildred Adams
Dr. Robert D, Calkins
The Brookinga Institution
722 Jackson Place H, f«
Washington 6, D» 0.
Enc.
COMMITTEE ON THE HISTORY OF THE FEDERAL RESERVE SYSTEM
Provided that the Brookings I n s t i t u t i o n should decide to appoiht a
full-time staff member in the field of central banking "who would devote hie
entire time to this responsibility, this Committee, considering in the l i g h t of
two years 1 experience what i t s future course should be, proposes*
I.
To affirm i t s responsibilities toward the general development of the
project as follows •
1. The Committee will continue to
(a) review general policy and individual projects
(b) authorize expenditures jointly with Brookings
(c) counsel and advise those commissioned to work in
the project
(d) read and c r i t i c i z e manuscripts
XI* To modify i t s administrative arrangements whereby 1, The Committee would invite the Brookings I n s t i t u t i o n to be
responsible for the executive i n i t i a t i v e concerning!
(a) the formulation of programs and the finding and
employing of properly qualified persons to activate
programs, these to be submitted to the Committee for
review, criticism and authorization.
Such programs
will include the stimulation of i n t e r e s t in the field
of central banking, the commissioning of monographs,
the continuing hunt for an historian and a l l other
a c t i v i t i e s necessary to carry the project to successful
fruition.
I t is the sense of the Committee that i t would be desirable to employ
Dr. Howard Ellis for a major writing assignment in this project.
February 17, 1956
Dear Dr« Ctdkins:
Enclosed are the Minutes of the meeting of
t&is Coaanittee at Princeton on February 4th, and also
the revised version of the "clause of enactment*
passed at that meeting*
the l a t t e r dociaaent i s the revision we under*
took in Washington on Wednesday* I am. sending copies
to e l l Committee members asking their approval of this
revised vsy of presenting the "clause of en&et&ent**
As for the- date of the next meeting, S&turday,
March 17th, a t Brookings la Washington wes the one Eiost
discussed in Princeton* Members were &sked a t that
time to put this date down tentatively* If this i s not
possible for you, may we have your suggestions*
sincerely your» t
Mildred Adams
Dr. Robert D. C&lkias
The Brookings Institution
722 Jackson Place N. W.
Washington 6, B« C.
Enc. 2
Wc\t
6, £B. OIL
722
February 8, 1956
Dear Miss Burstein:
Mr. Calkins' expense account in
connection with the recent FRS committee
meeting in Princeton was turned in to Mr.
Akers. It was for $17.45 - - meals plus
travel.
Sincerely,
Amelia M. Suttle
Miss Irma Burstein
Committee on the History of
the Federal Reserve System
33 Liberty Street
New York 45, New York
o
February 6, 1956
Mro, SuttleJ
Would you send us as early as possible
m recount of Dr, Calkins1 expenses in connection vith the recent Committee meeting tt Princeton on February 4-th • When we have &11 the
expense accounts together, we* caa then forward
thm to Mr» Akers,
Thanks so much.
Sincerely,
I m a Burstein
Mrs, Amelia Suttle
Secretary to Dr, Calkins
The Brooking3 Institution
722 Jeckson Place H* W.
Washington 6, D, C.
January 10, 1956
Dear Br* Calkins*
Thanks so much for the l i s t of additional
i of people interested in history or banking*
What tripped us on these was the arbitrary c l a s s i f i c a t i o n which seems to be a feature
of tiie American Economic Association. I em plan*
niag to bring down the entire card index of econo*
mists* naaes, so i f we do not find the names of
people we are looking for under one heading, they
ffi&y be there under another* The l i s t w i l l , of
course, be mimeographed for the meeting*
Gratefully yours,
Mildred Adams
P.S.
Would you mind sending back our l i s t s *
We seem to be shy of carbons*
Dr* Robert D* Calkins
The Brookings Institution
722 Jackson Place H. ¥ .
Washington 6, D, C*
J&nuery 9, 1956
Dear Dr. Calkins*
We promised to aend you details of the schedule for
the meeting of this CosmiitLae a t Princeton on Saturday, February 4th, v'isn >TT>lfHn1< were eompiated* Those arrangements are nov fixed as foJuovgi
Place - Institute for iidva/iced Study,
Princeton, Stv Jersey
Tine - IA a.m. to A p«tt»* Febnuiry 4, 1956
Lurichson - at the i n s t i t u t e
ere ^sked to moet at 10 a»&« in the
fiooia of tlie i l l building, where Di% Stewart will act as guide
to the conference space "which i s kindly being provided for us«
bearing on certain of the probieas to be
should reach you about a week in adv&nce of the
meeting. Ve hope to meil them on January 26th,
Sincerely yours,
Mildred Adams
£r. Robert D. Calkins
The Brookings Institution
722 Jeckson Place N. V #
Washington 6, D. C,
January 4* 1956
Dear Dr. Calkins*
that ay calendar makes i t Impossible forffi€;to cone dovnl next week &3 I had hoped.
Instead, I plan to be In *
; ion Monde/, January
16th, end Tuesday, January 17th, I hope Ly that
time to have several matters in shape so that you
and I can discuss them and, If \m RXt lucky, get
them sorted out*
Mean-while I Ml a ending you the l i s t of
economic his tori *.ns, Boney <md banking fpeciclists
and Federal Reserve Syater; economists. If you have
iidditians or nub tractions, could you l e t us U»ve
them early, as we must send ffell l i s t to be laimeographed before the meeting. X^aalui over so much* v'
Most sincerely,
Mildred Adaas
Dr. Robert X>, Calkins
The Brookinga Institution
72?: J&okeon Plfce », V«
V&ehington 6, D. C.
@FedFRASER