The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
June 30, 1956
Dear Mr. ViUiamai
With the resignation of Mr. Allan Sproul from the Presidency
of the Federal Beserre Bank of Hew York, and his return to California,
has coae his decision that he can no longer carry on the active chairaanship of the Committee on the History of the Federal Reserve System.
Under those circumstances, and with great regret at losing so
valuable a chairman, the Canalitee has decided to accept the offered hospitality of the Brooking* Institution and to move its office and its
research activities to "Washington. A now chairman has not yet been chosen,
bat the vork will go forward there under the broad supervision of the
President of the Brooking* Institution, Dr. Robert D. Calkins, who is also
an active member of this Committee .
As my own home is in Rev York City, this sove necessarily marks
the severance of my connection with the Committee in the capacity of its
Research Director. X think you knov how much I have enjoyed this Inquiry
into the history of the System, and particularly that part which brought
me into contact with the Federal Reserve Bank of Philadelphia. It Is good
to knov that ve can continue to look forward with great interest to the
result of future research to follow under the scholarly auspices of
Brooklngs.
For much courtesy shown to a© in Philadelphia, I vest to thank
you most warmly. You and the liaison officer appointed there, with other
members of your staff, have been continuingly kind and cooperative* I am
sure that that cooperation will be extended to my successor at Brookings.
Ve should be grateful if you would continue to send correspondence and printed material to this Committee, but in care of the Brookings Institution, 722 Jackson Place, R. If., Washington 6, D. C. Letters
should, until further notice, be addressed there to Dr. Robert Calkins in
person.
Very sincerely yours,
Mr. Alfred B. Villiaas
President
Federal Reserve Bank of Philadelphia
Philadelphia
Pennsylvania
MAtkm
Mildred Adams
PQGEMAN, Philip
November 1 # 1955
Dear Mr* Pooim&m
Ttfe are ao&t grateful for your kindness
in sending u& *he list of Vice Presidents t-.nd
Deputy Governors of tae Philadelphia Fed ere 1
Reserve Bank and attaching to it a list of the
Cashiers*
This list vill make it possible for us
to correct our own errors and fill our own diecrepancies in the Philadelphia Bank list* We
greatly appreciate your quick and full response*
Sincerely yours*
Mildred Adams
Mr. Philip fc. Poonu&n
Vice President
federal Reserve Bank
Philadelphia 1 # Pennsylvania
POQRMAN, Philip
FEDERAL RESERVE BANK
O F~
R EC EIVt
n p - ».l r
HILADELPHIA
!zo». i)
n r T
RECEIVED
CO^UNTF" r.n THE HISTORY
7.
>'
V£ SYSTEM
•)
COMMITTEE ON THE HISTORY
FEDERAL RESERVE SYSTEM
October 2 7 , 1955
Miss Mildred Adams
Committee on the History of the
Federal Reserve Systean
33 Liberty Street
New York 4-5, New York
Dear Miss Adams:
The material "which yon requested in your letter
of October 2J+> 1955, concerning Federal Reserve Bank officers
corresponds very closely to a tabulation which we made for
another purpose on July 27, 1955• I, therefore, enclose a
copy for your use. Some of the officers who have attained
the rank of Vice President were employed in other capacities
prior to their appointment as an officer and a statement showing the dates of employment is attached,
While you do not ask for a statement of those
who occupied the office of Cashier, since you refer to it in
your letter I enclose a statement setting forth the names of
our Cashiers from December 21, 1914* to the present date.
At the Federal Reserve Bank of Philadelphia the office of
Cashier ranks below that of Vice President.
Sincerely yours,
0U*^U/
Philip M. Poorman
Vice President
Enclosures
POORMAN, Philip M,
October $4, 1955
Dear Mr* Poorman!
In the process of completing our file on men who have served as Federal
Reserve Bank officers, we would be aost grateful for your further aid*
Our listing of Vice Presidents (end Deputy Governors) of the Federal
Reserve Bank of Philadelphia over the years still has holes in it* Thanks to
your cooperation and that of Dr« Bopp, we have information on many of them, but
we need some way of checking those who are still missing* Would you, therefore*
be kind enough to send us a list of all Vice Presidents (and Deputy Governors)
who have served in the Philadelphia Bank since the beginning? Ve would like to
have with their neaes the dates of their service in the Bank, and also the dates
of their various officerships* Tnis will eneble us to check off those for whom
our information is already complete and to start the search for biographic data
on those now missing in our records*
One point that has given us trouble is the office of Cashier* We have
found that in some Federal Reserve Banks the Cashier is a Vice President (in
which case we want to include him as such); in other banks the office of Cashier
ranks below a Vice Presidency* This practice may have varied with the years, but
our present interest is in only thos^ who have ranked or do rank as Vice Presidents (or Deputy Governors).
There is no immediate rush on this, but we would be grateful if you
could send us the requested information within the next two or three weeks if
possible*
Meanwhile may we send warm thanks for your continued assistance* It
is of the greatest help end aost genuinely appreciated.
Sincerely yours*
Mildred Adams
Mr* Philip M* Poorman
Vice President
Federal Reserve Bank
Philadelphia 1, Pennsylvania
POORMAtf, Philip
October 19, 1955
Dear Mr» Poor&ans
As liaison officer appointed by the Federal Reserve Bank of Philadelphia
to deal with this Coasdttee, you probeb}y know that one of our most difficult prob-»
leans has been th&t of preparing a list of specific records ^hicht chosen from the
aass of material handled in the Reserve Bank, can be labelled as having historical
•alue and therefore being worthy of long retention*
After a series of visits mtde to the twelve regional banks and of consul-*
tations kindly made possible during those visits, ve realize that soae of the valuable aarly material has already been discarded in soae of the Federal Reserve Banks
and is lost to us. The best we can hope is that utiet is still left idll be retained,
nhether it is in general "uacurrent" files, or in departmental files, or in the private files of older officers.
In the above connection, the Subcosndttee on Destruction of Records
I understand, functions under the Cos&ittee on Miscellaneous Operations of the Conference of Presidents, vas given the assignment of conferring with the staff of this
Coasaittse wlta a viev of developing guides and standards for the preservation of
historical material by the Federal Reserve Banks*
At the meeting of the Subcommittee held in Hew Xork on October 5-7, 1955,
I conferred with the members of the Subcommittee and we then developed jointly the
attached list of records and other papers which is suggestive of the types of material our Coaalttee is seeking to preserve for historical purposes.
While the Subcommittee has informed me that the iseteri&l here referred to
>&11 fora a part of its next report to the Cosi&ittee on Miscellaneous Operations,
I am hopeful that, in the Meantime, such material vill prove helpful to you in deciding upon the propriety of the disposal of particular records.
fery truly yours,
Mildred Adams
Mr» Philip H« Pooraan
?lce President
Federal Reserve Bank
Philadelphia l t Pennsylvania
Enc.
POORMAfl, Philip
August 19, 1955
Dear Mr* Pooimans
May I send you vans thanks for your
kindness in returning the "Preliminary Questionnaire on Files and Historical Source
Material." We were delighted to get it ahead
of the deadline, and ve put it immediately
to work.
Gratefully yours,
Mildred Adams
Mr. Philip M. Poorman
?ice President
Federal Reserve Bank
Philadelphia 1, Pennsylvania
BOPF, Karl
August 10, 1955
Dear Dr* Bopps
blanks BO much for your prompt
reply vit& the additional Information oa
Mr. SienkieHic»»
Tain, along %rit& every-
thing alee, has been a great help to us*
Sincerely*
lima
Secretwry
Dr, Karl R» Bopp
Vice Pre3lderit
Federal Reserve Bank
Philadelphia 1, Pennsylvania
BOfB,
Karl
FEDERAL RESERVE BANK
OF
PHI LADELPH IA
RECEIVED
August 9, 1955
AUG 1 0 1955
COMMITTEE ON THE HISTORY
OF THE
FEDERAL RESERVE SYSTEM
Miss Irma Burstein, Secretary
Committee on the History of the
Federal Reserve System
33 Liberty Street
New York 45, New York
Dear Miss Burstein:
In response to your request of August 5,
our records show that the birthplace of Gasimir A.
Sienkiewicz was Poland. We have no further details,
however, and hope this will be of some help.
Sincerely,
KBB/b
Karl R. Bopp
Vice President
/
FOORMAW, P h i l i p
FEDERAL RESERVE BANK
(ZONE I)
AUG10 1955
COMMITTEE ON THE HISTORY
OF THE
FEDERAL RESERVE SYSTEM
August 9, 1955
Miss Mildred Adams
Committee on the History of the Federal
Reserve System
33 Liberty Street
New York 4.5, New York
Dear Miss Adams:
There is attached the preliminary questionnaire
on files and historical source material for the Federal Reserve
Bank of Philadelphia•
As stated in our telephone conversation,
I believe most of the material which you may want to refer to is
available somewhere in our bank or in our filing section. Please
be assured that we shall cooperate with you in every way possible
so that you may complete your project.
Very truly yours,
Philip M. Poorman
Vice President
Enclosure
August 5, 1955
Dear Dr. Boppi
I bother you for one bit of biographic
informstion which we overlooked requesting vhen
we sent the original list of needed material} that
is the place of birth of Hr» ^asiair A» Sienkelwlcs,
Vice President from 1941 to 1947.
thanks so such for this additional aid*
sincerely,
Burstein
Secretary
Dr. Karl Bopp
Vice President
Federal Reserve Bank
Philadelphia 1, Pennsylvania
BOFr, Karl
August Ut 1955
Bear Karl8
Thanks so much for your speedy return of the career blanks
we sent you, and also for picking up our error in the titles of Mr»
Vilgus. In my more gloomy moments I wonder just how many slips of
this kind we may have made,.
The returns on men active in the early days make one think
thet ell the Board doaanded was a name and an address. I cannot
quite make out vhether the shift is because the banking population,
&nd hence personal acquaintance, has grown or -whether they took
people for granted in the first two decades. In aay event they keep
us struggling.
Uratefully yours,
Mildred Adame
Dr. Karl H, Bopp
fice President
Federal Reserve Bank of Philadelphia
Philadelphia 1, Pennsylvania
HX)RMAW, Philip M,
c
July 27, 1955
Bear Mr« Poormanx
Back in February, Mr. Sproul vrote to Mr« Williams asking for the
appointing of an officer with whoa the staff of this Coamittee could establish liaison, and who would *Ect as guide to the supervisor of your files,
your custodian of storage records, your librarian, officers, department
heads, or anyone else who might have questions about the destruction of
records, reports or studies in which the Coamittee may have an interest*"
We understand that Mr. Williams asked you to accept this assignment.
In the intervening months ve have been trying to find soiae basis
for collecting data on the files and file material which the various banks
keep, and on the patterns "by which they discard* We have finally decided
that we ne&d first to know certain basic facts about filing practices .in
the various banks*
We have therefore worked out a skeleton questionnaire on files
w&ich will, with your cooperation, give us a starting point on this inquiry*
If you would be kind enough to have its blank spaces filled and the questionnaire returned (by August 19th, if that is not asking too much in a
vacation period), we will have the basis for a better understanding of what
aaterial of historical value we can and cannot hope to find preserved in
your files*
the Committee would want me to thank you in advance for your
kind cooperation ia this matter*
Very sincerely yours.
Mildred Adams
Hr. Philip M* Pooraan
Federal Reserve Bank
Philadelphia 1, Pennsylvania
Enc.
, Karl
FEDERAL RESERVE BANK
OF
PH I LADELPH IA
(ZONE I)
July 26, 1955
RECEIVED
JUL 2 9 1955
Miss Mildred Adams
Executive Director
Committee on the History of the
Federal Reserve System
33 Liberty Street
New York 4-5 > New York
Dear Mildred:
COMMITTEE ON THE HISTORY
_ „ . . , £LT!!£_
RMRAL RESERVE SYSTEM
I am returning the career blanks that you sent
me two weeks ago covering various officers and directors
of the Federal Heserve Bank of Philadelphia. We have
completed them to the extent that information is available.
As I look over the many blanks in information,
I am reminded of a favorite statement of L. E. Donaldson,
whose dosier is included, whenever he heard of the death
of an acquaintance: "That is another name we can scratch
off our Christmas card list."
There is one error of fact on your list. Mr.
R. G. Wilgus has been Cashier, not Vice President, since
1951* and Assistant Secretary since 1950.
We can!t give you everything but what we do
have you will get on time.
Sincerely,
KRB/b
End.
Karl R. Bopp
Vice President
bOPP, Karl
July U , 1955
Br. Karl R. Bopp
Federal Reserve Bank of Philadelphia
Philadelphia 1, Pennsylvania
Dear Karl:
One of the things we have been doing on this project (in the intervals
between conferences on the larger themes) is the collecting of biographic
data concerning directors and senior officers over the forty years. We have
them all carded, with Who's Who data where obtainable, bat sometimes the
customary research sources for this sort of thing fail us. When that happens,
we turn back to the Federal Reserve Banks and ask aid from the secretary's
office and the personnel officer.
In the case of Philadelphia we have been so intent on enlisting your
valuable services for other purposes that we have neglected this primary
housekeeping job. We now find ourselves with almost thirty names of directors
and senior officers for whom we have sacked source books, but without turning
up sufficient information.
Could we ask you to put the proper offices to work on this problem for
us? We are enclosing the list, and a set of career blanks showing what it is
we seek. If, as sometimes happens, we are asking for more than is available,
may I say that the categories of information most important for our present
purposes are the followings
Full name
Federal Reserve service record
Date and place of birth
Education
Date of death
Career data
Hose address, or that of surviving relative
One other irap^btive is the time element. Me are under pressure to get this
data together as quickly as possible. Much as we hate to push, I know that in
scheduling this you will want to know that Monday, August 8th, is a deadline for us.
My deep gratitude in advance.
Cordially youra,
Mildred Adams
Philadelphia
Unless otherwise indicated, all information on attached
blanks is needed for each person listed.
Brown, V. Elbridge (Director, Class A, 1955- )
Cannon, Hsrry L. (Director, Class C, 1925-27; Class B, 1939-44)
Cresse, Wadsworth (Director, Class A, 1952-54) (need information
on education only)
Davis, W. John (Vice President, 1946 to date)
DeLaCour, J, C. (Director, Class B, 1932-39)
Donaldson, LJ5. (Vice President, 1949-50)
Douglas, Frencis (Director, Class C, 1919-27)
Drinnen, Frank J. (Vice President, ?-1945)
Frost, Albert G» (Director, Class B, 1946-51)
Gaunt, George W. F. (Director, Class B, 1914-18)
Grosscup, Walter T. (Asst, Federal Reserve Agent, 7-1924) (need information
on Federal Reserve service, positions and dates, and date of death)
Haddon, Charles K. (Director, Class B, 1918-26)
Harrison, Charles Custis (Director, Class C, 1918-26) (need information
on occupation and business connections)
Henning, John B. (Director, Class A, 1934-49)
Higgins, Charles A. (Director, Class B, 1945-47)
Hutt, William H., Jr. (Deputy Governor, 1918-? )
Xerlin, Ward D. (Director, Class B, 1940-45)
La Monta, George M. (Director, Class C, 1914-15)
Lippincott, Walter H. (Director, Class B, 1948-50)
McCreedy, William G. (Vice President, 1946 to date) (need information on
business connections previous to Federal Reserve employment, and on
Federal Reserve service, positions and dates.)
Hcllhenny, Clarence A. (Vice President, T-1947)
Murphy, M. J. (filrsctor, Class A, 1914-22)
Newton, Warren C,* (Director, Class B, 1951 to date)
Patterson, J. Hyce (Director, Class A, 1950-52)
Peck, Williaa H. (Director, Class A, 19H-18)
Post, Arthur E. (Assistant Federal Reserve Agent, 1919)
^
Arr--4Viee£resid4wat, 1941-46) (need jO,aree of birth
y)
Sinclair, John #»—(President, 1936-40) (need iEformatioa ©n Federal
Re#erve gcifieiii positions and dates, and on educational background)
Wilgua, Richard C» (Vice President, 1951-to date) (need place of
birth only)
Wolfe, Bernard C. (Director, Class A, 1953 to date)
HILKERT, Robert N,
July 7, 1955
Deer Mr. Hllkert*
This is e late thanks for your
kindness in sending the Balderston study
to us. It arrived the very next morning,
end ve ere finding it extremely useful*
Please be assured that we are keeping it
confidential and will return it shortly.
Gratefully yours,
Hildred Adams
Mr. Robert M. Hilkert
Vice President
Federal Reserve Bank
Failadelphia l f Pennsylvania
HARTMAfl, F l o r e n c e
FEDERAL RESERVE BANK
OF
PHILADELPHIA
POSTAL ZONE 1
RECEIVED
urn 7 19K
Miss Marguerite Burnett
** u n
^ ^
Committee on the History of ^Us^m-mir rm ~n^ i&tttwv
Federal Reserve System w * w w
^ pg
33 Liberty Street
m t * M .fttSERfttt*WNBi
New York 45, New York
Dear Miss Burnett:We keep just one copy of our Organization which dates
back to 1936. These are kept downstairs in Mr* Davis1s Office. His
secretary Mrs. Kehoe takes charge of them.
Mr. Davis suggested we could
have photstat copies made of the charts if you so desire. There is only
copy of each year kept.
Sorry I will not see you in Detroit this is the year
Doris attends the Convention.
Hope you have a wonderful time.
Sincerely yours.
FLORENCE M. HARTMAN
HARTMAN, Florence
June 2, 1955
Mrs. Florence Hartman, Librarian
Federal Reserve Bank of Philadelphia
Philadelphia, 1, Pa.
Dear Mrs. Hartmanf
This i s just a follow-up on my letter of March 9, as I
would like to complete my tabulation for the Federal Reserve Banks
on Organization Charts,
We were glad to get the 1955 edition of the Philadelphia
Bank chart* Were you abl* to find out about holdings of old editioas?
We would l i t e to know how complete a file there is of a l l editions
from the beginning and where they are kept in the Bank, In our l i b rary we kept only the latest editioa for reference but we found a
long file preserved in another department,
I hope X shall see you in Detroit* Did you know I was to
be there in the role of "archivist"?
Siacerely yours,
Marguerite Burnett
McCREEDY, William
FEDERAL RESERVE BANK
OF
PHILADELPHIA
(ZONE)
RECEIVED
APR i 6 1955
w INK
pcotfiAL warn smoi
Mr. Donald B. Woodward, Secretary
Committee on the History of the
Federal Reserve System
33 Liberty Street
New York k$, N. Y.
Dear Mr. Woodward:
Referring to your letter of April h, 195 5 > concerning
the compilation of a history of the Federal Reserve System, I
had the pleasure of talking "with Miss Mildred Adams some months
ago when she called at the Bank as one of the preliminary steps
in connection with the project.
I have no personal files dealing with Federal Reserve
matters that would be of historical value and the few articles
I have written or speeches I have made will be found in our
library.
In the early days of the System my duties were confined to internal routine and operational details almost to the
exclusion of any dealings with broad policy matters, so that any
memoranda I may have prepared are doubtless of little or no
value. Nevertheless, you may rest assured that nothing will be
destroyed from my files in the future without bearing in mind
your objectives.
However, I shall be happy to cooperate with you in
any way I can.
Sincerely,
Wm. G. McCreedy
Vice President
HARTMAN, Florence
March 9,
Mrs. Florence Hartman, Librarian
Federal Reserve Bank of ftiiladelphia,
Philadelphia, 1, Pa #
Dear Mrs. Hartman,
The enclosed questionnaire is a follow-up on Miss Adams' recent
visit to your Bank and in some Instances it nay duplicate questions she
has already asked. If so, we beg your indulgence, as the filling out of
this record will help us fora a comprehensive picture of the way the B&»
serve Banks kesp their archival material* This will be followed later by
a second questionnaire framed to FO more in detail into the laaterials
Host vital for ^rsteia history.
May I at the same time ask if a 19!?5> edition of your Bankfs
Organization Chart has been issued? We should like to have a copy when
it becomes available. Could you have our name placed on the permanent
sailing list so that we may receive new editions automatically in the
future?
At your convenience we should appreciate your reporting to us
how extensive a series of the previous editions of these Organization
Charts your Bank has on hand, listing the dates and where they are filed.
Sincerely yours,
hib
Marguerite Burnett
Research Associate
j
FEDERAL RESERVE BANK
OF
F>H I L A D E L P H IA
(ZONE I)
March 4-, 1955
Mr. Allan S$y/oul, Chairman
Committee on the History of the Federal Reserve System
33 Liberty Street
New York A5, N. Y.
Dear Mr. Sproul:
We have named Mr. Philip M. Poorman, Vice
President of this Bank, as the officer to whom the staff
of the Committee on the History of the Federal Reserve
System can establish liaison and consult in connection
with the destruction of records.
Ve have also named a representative of our
Research Department and one from the Fiscal Agency Department to assist Mr. Poorman in the review of the
records and files.
I am sorry to have delayed so long in replying
to your letter of February 11.
Sincerely,
J. Davis
FiVs't Vice President
HARTMAN, Florence
RECllVFft)ERAL
RESERVE BANK
OF
PHILADELPHIA
POSTAL ZONE 1
Dec. 9th, 1954
Dear ^iss Burnett:Sen< the chart off yesterday hope you receive it
real soon, if not, let me know and I will send another copy.
Do hope you have a very wonderful Christmas.
HARTMAN, Florence
December 8, 19$J*
Mrs. Florence Hsrtman, Librarian
Federal Reserve Bank of Philadelphia,
Philadelphia, 1, Pa*
Dear Mrs. Hartman,
May I enquire about my request of November 16 for the
latest edition of the Philadelphia Bank*s Organisation Chart? As we
have now received charts from all the other Federal Reserve Banks,
except yours, I wonder if it might have gone astray in the mails, as
happened in one case. I should be grateful if you would look into
the matter.
Have you finished your reorganization job in the Library? Or is it the sort of project that will continue over a period of
months? In any case, I know you have been busy with much additional
work.
Sincerely yours,
Ir6
Marguerite Burnett
December 3, 1954
Dear Mr. Vergari;
As you probably knov, for the past year the above
Coimrdttee has been assembling material on the history of
the Feder&l Reserve System for the use of scholars and
student?. Vs ar° gradually building ur in this office a
history research center vhich includes among other tools
files on people in the Federal Reserve Systera and on the
regional banks. The Committee would like to receive
regularly fro® you any material the Philadelphia Bank
publishes vhich vould contain information of use to this
office. Ve are particularly anxious to receive anything
you may have published in connection vith the 4-Oth anniversary
of the System. We -would also like to be put on the regular
mailing list of the 3 - C -which ve feel could be from time
to time a useful source of information.
The Cofl&dttee will be most grateful for any assistance
you can give us.
Sincerely yours,
Mildred Adams
James V. Vergari, Counsel
Federal Reserve Bank of Philadelphia
Philadelphia 1, Pennsylvania
HARTMAN, Florejfc "
November 16, 19S>ii
Mrs, Florence Hartman, Librarian
Federal Reserye Bank of Philadelphia,
Philadelphia, Pa,
Dear Mrs, Hartman,
Thank you very much for the completed questionnaire,
I can understand the pressure you have been under i f you have been r e organizing your l i b r a r y . Some time I should l i t e to hear more about i t .
One point I should l i k e t o have c l a r i f i e d . Do you
raport d i r e c t t o Mr. Bopp or i s there some intermediary o f f i c e r ?
I used t o have three different o f f i c e r s t o report t o I
Also, I want t o inquire whether your Bank has an
organization chart, and i f s o , whether we may have a copy of the
l a t e s t e d i t i o n . If not, do you have any b u l l e t i n s or mimeographed
l i s t s of o f f i c e r s and t h e i r functions and of committee personnel?
We wish t o see how o f f i c e r s and committees f i t i n t o the Bank's
structure.
Oar committee has just moved into new quarters i n
a s p e c i a l s u i t e of rooms on the 1 1 t h , f l o o r . It i s very quiet and
removed frcm t r a f f i c here, so that I don't v i s i t the Library as
much as heretofore* But I s h a l l t r y to remember t o d e l i v e r your
greetings next time I go down t h e r e .
Sincerely yours,
Marguerite Burnett
HAMMAN, Florence
C
October 19,
Dear Mrs. Rartraani
I am writing to you in connection vith ssy new job as
assistant to Hiss Mildred Adams, Research Director of the Cosasittee on the History of the Federal Reserve System. It is a
most interesting assignment to uncover and record the archives
material that is in each Federal Reserve Bank and the Board of
Governors, and you vill be hearing from me later about that
project. I shall very -men need the help of my Federal Reserve
Library friends.
Meanwhile, I am undertaking to bring up to date the
information cards in this office for all the Federal Beserve
libraries. These were based on the data given in "Special
Library Resource3n and the form used there has been retained.
Bather than repeat the information given for your library for
you to correct and revise, I thought it would be easier for
you to make fresh notations, and I have only inserted what I
knew to be recent data. I shall be most grateful for your
aid in this.
Sincerely yours,
Marguerite Burnett
Inc.
Mrs. Florence H. Hartsan
Librarian
Federal Reserve Bank of Philadelphia
925 Chestnut Street
Philadelphia 1, Pennsylvania
FEDERAL EESIB7E BARK OF PHIU&KLPHU - LIBPARX
925 Chestnut Street, Philadelphia 1, Pennsylvania
Librariani Hrs« Florence M. Hartam*
Peseareh De^wrtsest • Vice President in charget
Librarian reports tot Karl F. Bopp, Vice
Staffi Total Professional *
Serreai
aae)
flEBIODICALg. ,
Volumesi
ie« Beeeivedi
Pamphletst
Ho. Bouxsdi
Added Annually!
Disposal of othersi
Vertical file drawersI
So4 newspapers:
Special collectioasi
So. Bound or on
Aiorofilat
Library oublieatioasi
OF LIBRARY (Subjects atr^eeed, e t c )
Does Library prepare an annual report?
and If so, where?
Kaae of supervisor of the Basic's aorresporidenoe f l l e s t
Officer to whom she reports {name and t i t l e ) t
a summary published
Dear Miss Burnett:-
Sorry to have kept you waiting for
reply so long but we are reorganizing our Library
you can appreciate that situation.
Hope you
fre enjoying your work on the History of the Federal
Reserve System.
Give my best regards to all the
Library.
o
Names Suggested by Dr. Karl Bopp, Federal Reserve Bank of Philadelphia
October 18, 1954
Sam Rosen, Professor of Money and Banking
/University of Delaware
V Newark, Belatfereey
/Professor William J. Baumol (Money and Banking)
Princeton University, Princeton, New Jersey
Professor Lester V. Chandler (Money and Banking)
227 Dickinson Hall
Princeton University
-* Princeton, New Jersey
Professor Robert C. Riley (Money & Banking, Business Finance, Public Finance)
/Lebanon Valley College,
Annville, Pennsylvania
professor Roswell G. Townsend (Money & Banking, Business Finance, Public Finance)
^Wilson College
Chambersburg, Pennsylvania
Dr. Mathews M. Johnson (Money & Banking, Business Finance, Public Finance)
v Pennsylvania Military College
Chester, Pa,
M. L. Stokes (Money & Banking, Public Finance
y Gettysburg College
Gettysburg, Pa.
Holland Hunter, Assoc Prof. (Money & Banking)
V Haverford College
Haverford, Pa.
Philip W. Bell, Ass't. Prof. (Money and Banking)
X Haverford College
Haverford, Pa.
Melvin F. Woods (Money end Banking)
La Salle College
V 20th St. and Olney Ave.
Phili. 41, Pa.
Richard Easterlin
Wharton School
,, University of Pa.
/K
36th & Woodland Ave., P
Phila. U, Pa.
Ervin Miller (Money and Banking
./ Wharton School
Univ. of P a .
j/t
t*A
' )
Names Suggested by Dr. Karl Bbpp, October IB, 1954-
-2-
Willis J. Winn (Money & Banking)
Wharton School
iversity of Pennsylvania
vf
Voth & Woodlend Ave.
Phila 4., Pa.
Mr. David H. McKinley (Mwney & Banking)
v Pennsylvania State College
/Jack H. Vincent (Money & Banking)
Pennsylvania State College
v
Jieon Quinto (Money & Banking, Public Finance)
^Pennsylvania State College
Mr. Willia Weatherford (Money & Banking)
^Swarthmore College
S-wartnmore, Pa.
¥&• Helen M. Hunter (Money & Banking)
^/Svarthmore Collgge
Svar thmo re, Pa.
Samuel Rosenberg (Money & Banking, Business Finance, Public Finance)
Wilkes College
Wilkes-Barre, Pa.
, Weiton Farrar (Money & Banking)
^Vilkes College
f
' Wilkes-Barre, Pa.
v
COMMITTEE ON THE HISTORY OF THE FEDERAL RESERVE SYSTEM
33 Liberty Street, New York 45, Hew York
October 15, 1954
Dear Mr. Boppt
On September 21st we wrote asking you to
names of people teaching money and banking in your
are actively interested in studying various phases
System". The Committee wishes to write these men,
the© of this project end inviting their interest.
suggest th©
area wwho
of the
telling
We recognize it to be of the utmost importance that
the area of Philadelphia is represented in our list. Since
the Committee wishes to send out a letter about this project
as soon as possible, it would be most helpful if you could
send us the names you wish to suggest. Even though we have
been given a five-year grant, we are painfully aware that time
is of the essence.
Moot sincerely yours,
Mildred Adams
Research Director
Mr. Karl R, Bopp
Vice President
Federal Reserve Bank of Philadelphia
Philadelphia 1, Pennsylvania
September 21,
Dear Mr. Bopp:
I think you knov, from a letter which Mr. Allan Sproul
recently wrote to Mr. Williams, that this Corffifiittee now has its
five-year grant and is ready to embark on the definitive study
of the Federal Reserve System for which the grant was made.
It goes without saying that we need the very best help
we can get in order to achieve vork of the quality we 8im for.
Thus far we have limited our area of consultation to experts more
or less immediately at hand, but we now are eager to widen the
circle of qualified men who are aware of the project and interested
in it.
Ve understand that you have a list of people who are
teaching money and banking in the Philadelphia region. Could you
give us, not the full list, but a carefully selected list of those
particularly well equipped who would be interested in knowing about
this project, and even, perhaps, in working in some phase of it? That
phrase "carefully selected" refers, of course, to caliber of mind and
skill - we have every desire to include men of many opinions, including
those who have shown themselves critical.
What we aim st is a list of the top 150 to 200 men in the
country who are actively interested in studying various phases of
the System and we are most anxious to include a proper proportion
of those in the Philadelphia district. Ve will be very grateful
for your cooperation in this.
Very sincerely yours,
Mildred Adams
Research Director
Hr. Karl R. Bopp
Vice President
Federal Reserve Bank of Philadelphia
Philadelphia 1, Pennsylvania
COMMITTEE Off THE HISTORY OF THE FEDERAL fffiSERVE SYST1M
33 L i b e r t y S t r e e t , Hew York A5, New York
Telephonet BEctor 2-5700, Extension 286
September 1, 195-4
Dr. Bopps
Among various people who have been suggested RE possible
candidates for the writing of the history is Mr. Gharls V&lker,
formerly of the Federal Reserve Bank of Philadelphia and now,
&s I underet&iid, at the University of Texas, This suggestion
was made hy one of the men on the research staff of the New York
Bank, but be v&s somevhat tentative about it and warned me that
I ought to oheok with you about Mr. Valker before going sny further<
I will be most grateful for any information and any eoas&ent that
you care to aend us,
A recent letter from Dr. V'ood says that he tried to
reach you by mail at Candlevood Lake, but his letter was returned.
fi« «5p«eted to be back in Missouri about the 9th of September*
Cordially yours,
Mildred Adaras
Research Director
Dr. Karl Bopp
Vice President
Federal Reserve Bank of Philadelphia
Philadelphia 1, Penneylvania
FEDERAL RESERVE BANK
or
PHILADELPHIA
(ZONE I)
August 13, 1954
Miss Mildred Adams
Research Director
Committee on the History of the
Federal Reserve System
33 Liberty Street
New York 45, New York
Dear Miss Adams:
As you know, Mr, Bopp is on vacation,
so this will acknowledge your letter of August 3«
Since he won't be back for several more weeks,
and knowing he would be interested to hear the
results of your visit to Estes Park, I forwarded
a copy of your letter to him yesterday.
Thank you for the copy of Dr. Wood1s
paper. I am sure Mr. Bopp will be pleased to
have it.
Sincerely,
06
Secretary to
Mr. Bopp
/*
FEDERAL RESERVE BANK
OF
PH I LADELPH IA
(ZONE I)
August 5, 1954
Miss Mildred Adams
Research Director
Committee on the History of
the Federal Reserve System
33 Liberty Street
New York 4-5* New York
Dear Miss Adams:
Since Mr. Bopp is on vacation and will not
return for several weeks, I am sending you under
separate cover two copies of the booklet you requested.
As you will see, "40 Years of the Federal
Reserve Act" is the title we gave to our Annual Report
for 1953.
Sincerely,
Secretary
Karl R. Bopp
April 22, 1954-
Dear Mr, Fulton*
Thanks Tery much for your letter of April 13 and the
exhibit of source material with which it was accompanied. We
are finding such co-operation extremely helpful.
Also I note that the library is compiling a list of
speeches and articles written by your top-ranking personnel.
We vill look forward vith much interest to receiving a copyGratefully yours,
Mildred Adams,
Research Director.
Mr. V. D, Fulton,
President,
Federal Reserve Bank of Cleveland,
Cleveland 1, Ohio.
MAihm
FEDERAL RESERVE BANK
OF
PHILADELPHIA
(ZONE 1)
April 6, 1954
Miss Mildred Adams, Research Director
Committee on the History of the
Federal Reserve System
33 Liberty Street
New York 4-5, New York
Dear Miss Adams:
We are pleased to enclose biographic information on Mr. Ernest Hill, Mr. Robert N. Hilkert, and Mr.
Clay J. Anderson, which you requested in your letter of
March 31, addressed to Miss Bowen.
Sincerely,
Wm. G. McCreedy
Vice President
Enclosures - 3
'
March 31 f 1954
Dear M I S P
I thitsk i t v»« f&u who wtggested/tSfifct ffer, McCreedy1
secrets ry voulc be klr.o" enough to get -ae -^IMLIocw^afcy ante r i a l
on some of the Officers? ir the Philadelphia Bank for whoa ve
have insufficient data. She very kiadly sent me the 9».teri«l
asked for.
I come with ©Bother set of muses for vhom I need
I understead that «gr former source la
leaving to heve s. bsby and I vonder if you cas! turn this request
over to her successor. Ve need MJ^Ho|rapHx; dnforrtstion on Mr.
Ernest H i l l , Mr, Kobert H. Hilkert and l r . Clay J . Anderson. If
someone can get for ua the kitsd of things thet vas provided for
Mr. Wilgus, Mr. Vergmri %n& Mr. Pooraan, I vould b© most grate*
ful.
I t vas gpod to see you again yesterday and I o,m deeply
grateful for your courtesy and fros the other people in th© back.
Cordially yours,
Mildred Adatss
Research Director
Miss Dorothy Sowen
Federal Beserve Bank
of Philadelphia
Philadelphia 1, Pennsylvania
HILL, Ernest Clarke
Wayne, Pa.
Married - 2 sons
BORN: October 3, 1893, in Meridian, Mississippi
EDUCATION:
Hickory High School, Hickory, Mississippi
Mississippi College, Clinton, Mississippi - A.B. degree
Vharton School of University of Pennsylvania - B.S. in Economics
EMPLOYMENT PRIOR TO SERVICE VITH FRB:
Prior to and during attendance at Mississippi College and
the University of.Pennsylvania held miscellaneous positions.
June 1917 to May 1920 - served in U. S. Army in various
capacities from Private to Second Lieutenant,
Came to Federal Reserve Bank of Philadelphia on 7- 1-21
- Department of Bank Examination - Assistant to Examiners
1_ i_22
"
n
n
n
_ Examiner
5- 1-24.
n
n
n
n
_ Assistant to Manager
n
n
u
11- 1-25
n
_ Manager
7- 1-26 - Assistant Federal Reserve Agent
10- 1-36 - Vice President
to date
April 6, 1954
HILKERT, Robert N.
BORN:
Rutledge, Pa.
Married - 1 son
1 daughter
February 10, 1905, in New York, N. Y.
EDUCATION:
Yale University, Ph.B. (1926)
Columbia University, M.A. (1931)
Pennsylvania State College - graduate -work
University of New Hampshire"
"
University of Rochester
"
"
EMPLOYMENT PRIOR TO SERVICE VJITH FRB:
1926 - 1941
The Hill School, Pottstown, Pennsylvania
Instructor in Natural Sciences
Director of Personnel Study
1941 - 194.2
Educational Records Bureau, New York City
Associate Director
Came to Federal Reserve Bank of Philadelphia on 5-18-4.2
10- 1-43
1- 1-47
to date
Personnel Director
Assistant Vice President
Vice President
(Also, Lecturer in Management, Temple University, 1942 to date)
Formerly Examiner, College Entrance Examination Board, New York City
Chairman, Advisory Committee of Educational Records Bureau
President, Science Teachers Association of the Middle States
Chairman, Pottstown, Pennsylvania, Community Open Forum - 6 years
Published articles in "Educational Record" and "School and Society."
April 6, 1954
ANDERSON, Clay J.
Philadelphia, Pa.
Married - 1 son
BORN: January 24., 1902, in Blue Springs, Missouri
EDUCATION:
B.S. and M.A. in Economics, University of Missouri
Ph.D.
n
it
it
it Michigan
EMPLOYMENT PRIOR TO SERVICE WITH FRB:
1929 - 1945
Professor of Economics and later Chairman of
Division of Social Science, Central Missouri
State College, Warrensburg, Missouri.
Acting Dean, Central Missouri State College
for two years.
Economist, Department of Commerce, Washington,
D. C. - 194.2 - 194-3
194-5 - 1947
Financial Economist, Federal Reserve Bank of
St. Louis.
Came to Federal Reserve Bank of Philadelphia on 11-16-4-7
. 1- 1-52
to date
Department of Research - Financial Economist
Financial Economist (Official Position)
(11-16-52 to 11-30-53 on leave of absence as Adviser to Union Bank of
Burma, Rangoon).
April 6, 1954
March 31, 1954
.Bear Miss Boweni
I think it vas you who suggested that Mr, McCreedyfs
secretary would be kind enough to get ae biographical material
on 3O&& of the Officers in the Philadelphia Bank for whom we
have insufficient data. She very kindly sent me the material
I had asked for.
Now I coae with another set of names for whoa I need
biographic material* I understand that my former source is leaving to h&ve a baby and I wonder if you. can turn this request over
to her successor. We need biographic information on Mr. Ernest
Hill, Mr. Robert H. Hilkert &na Mi-. Cl&y J. Anderson. If someone can get for us the kind of things that was provided for Mr.
Wilgus, Mr. Verg&ri and Mr. Poonaan, I would be aost grateful*
It was good to see you again yesterday and I am deeply
grateful for your courtesy and fro® the other people in the bank.
Cordially jourBf
Mildred Adams
Research Director
Miss Dorothy Bowen
Feaeral Reserve Bank
of Philadelphia
Philadelphia 1, Pennsylvania
March 8, 1954
Mr. Alfred H. Williams
President
Federal Reserve Bank of Philadelphia
Philadelphia 1, Pennsylvania
Dear Mr* Villiaas:
Following up on Mr. Sproul's letter to you of February
13th, Miss Itildred Adams, Research Director for the above Committee, has asked Be to send you this note to let you know that
she is hoping to spend two days in Philadelphia—Thursday and
Friday, March 18-19.
She has been making frequent trips away from her New
lorfc office, and is anxious to vork out a schedule for her
Philadelphia visit at an early date. She hopes very much the
days she has selected above will be convenient, and she would
like me to say how such she would appreciate an opportunity to
aeet and talk to the officers of your Bank, the research and
library staffs, and any other persons whoa you may care to suggest vho might have a particular interest in the research
project which she has recently undertaken with the aid of a
grant froa the Rockefeller Foundation. At the present tine, she
is engaged mainly in seeking out relevant materials and in
interviewing people vho have had an influential part in the
development of the Reserve System. If the initial exploratory
phase Is fruitful, it should lead to later studies and publications*
She is especially interested in the contribution
which your Bank has made to the System and would velcoae an
opportunity to became better acquainted vith your associates
and to survey »aterials w M c h are in your Bank libr&ry and files
•which vould have a bearing on a comprehensive history of the
System in general and your Bank in particular.
Sincerely yours,
Research Assistant
BIBLIOGRAPHY
Prepared by Clay L. Anderson, Federal Reserve Bank of Philadelphia
April 1954
v/Agger, Eugene - "Itoe Fed.Res.System" - Political Science Quarterly, June
Aldrich, Nelson - Banking Reform in the United States - Address - Acadeiay of
Political Science, Oct. 15, 1913 - N. Y., 1913
J Auxiliary Statments accompanying the report of the Banking and Currency
Committee on the Federal Reserve System - Finance Department,
Chamber of Commerce of the United States - 1929
^ Chamber of Commerce of the United States, Banking and Currency Committee
Federal Reserve System: (1 - Main Report; 8 - Auxiliary Reports}
3 - Mimeographed Reports ) Washington, 1928
Chapman, John M. - Fiscal Functions of the Federal Reserve Banks, N. Y.,
Ronald Press Company, 1923
Clark, Lawrence - Central Banking Under the Federal Reserve System, N. Y.,
Macmillan, 1935
v Congressional Record - Proceedings and debates of the 63rd Congress, 2nd
session on the Feaeral Reserve Act ~ vol. 51; pts 1 and 2,
December, 1913
v,/Conway, Thomas - "The Business Man and ths Federal Reserve Act" - reprinted
fTom old
Penn, Vol. XIII, November 19, 1915, p. 581
Conway, Thomas and Ernest Patterson - The Operation of the Mew Bank Act Philadelphia, J. B. Lippincott,
Dodwell, David W - Treasuries and Central Banks (especially in England and
the U. S."J - London, P. S. King, 1931*
Federal Reserve System Attorney General's Committee on Administrative Procedure Wo. 9 (justice Dept.)
The Federal Reserve System and the Control of Credit - Speeches before Economic
Club of N. Y., (W.P. Harding, Benj. Anderson, E. G. Stokes, and
L. T. Me Fadden) March 1929, published in The Consensus, June, I929
Garrison, E. E. - Roosevelt, Wilson and the Federal Reserve Law, Christopher,
1931, Boston
Glass, Carter - An Adventure in Constructive Finance - N. Y. Doubleday, 192?
Glass, Carter - "Truth About the Federal Reserve System" - (speech) January 16
and 17, 1922, Washington Government Printing Office, 1922
J Goldenweiser, E. A. - Central Monetary, Credit and Banking Policies - New
Wilmington, Pa., Westminster College, 1939 (Special session
address No. 10)
Hall, Lincoln W. - A Study of toe Cyclical Fluctuations Occurring in the
National Bank System during the Years 1903-1921 - Phila. 1923
(Thesis, U. of Penna., 1923)
/Harding, W. P. - The Federal Reserve System and the Member Banks - Address Ohio Bankers ASBXU , 25th Annual Convention (no date)
Harding, Wm. P. - The Formative Period of the Federal Reserve System (During the World Crisis) Boston, Houghton, 1925
Herding, William P. - The Functions and Policies of the Federal Reserve System (Address - Chamber of Commerce, Cleveland,Oh£o7 Sept. 16, 1920
Published by Federal Reserve Bank of Phila.
/ Harding, Win. P. - The Present Position and Future Development of the Federal
Reserve System - Address, N. Y. Chapter, AIB, Ifov. 1, 1916
Harris, Seymour - Twenty Years of Federal Reserve Policy - Harvard U. Press, 1933
laughlin, James L. - Banking Progress - N. Y., Scribners, 1920
Y National City Bank Of N. Y. - National Banking Under the Federal Reserve System N. Y., The bank, 1927
J y^^ral Reserve System - Organization - Nov. 16, 1914 - in Paine'i Analysis
of the Federal Reserve Act - p. 131 - also - Annals - Vo.. XCDC, p.7^
Paine, W. S. - Supplement tp Paine's Analysis of the Federal Reserve
Act, N. Y., Bankers Publishing Co., T9IF
Reed, H. L. - Development of Federal Reserve Policy - Boston, Houghton, 1922
/ Root, Elihu - "The Banking and Currency Bill"- speech, Senate, Dec. 13, 1913
Wash. G.P.O., 1913
{i
^/Seay, George - The Federal Reserve System
The course of the Federal Reserve
Banks before and during the price crisis and readjustment Address - N. Carolina Bankers1 Convention, April, 1922
Federal Reserve Bank of Richmond, May,1922
J Seer 1st, H. - Banking Standards Under the Federal Reserve System - N.Y.,
Me Graw-Hill, 1928
Strong, Benjamin - Interpretations of Federal Reserve Policy, the Speeches
and Writings of BenJ. Strong
edited by W. R. Burgess - N.Y.,
Harper, 1930
Strong, Benjamin - Sgven Months of the New Banking System - address, N. Y«,
State Bankers Assn., June 2k, 1915 - Published by N.Y. State Bankers
Assn.
j Ten Years of the Federal Reserve System - Addresses delivered at group meeting
of the Finance Department, May 20, 1925 - Chamber of Coaanerce of
the United States.
Untermyer, Samuel - Who Is Entitled to the Credit for the Federal Reserve Act?
(an answer to Senator Glass) The Author, 1917
Warburg, Paul M. - The Federal Reserve System, Its Origin and Growth
N. Y., MacMillan, 1930
Whitney, Caroline - Experia^nts in Credit Control: The Federal Reserve System
N. Y., Colusiia U. Press, 1934
whittlesey, Charles R. - Banking and the New Deal (Public Policy Pamphlet
No. 16) Chicago, U. of Chicago Press, 1935
J The "Why" of the Federal Reserve: what comprises our present Federal Reserve
System and brief history, with a discussion of the purposes and
results aecoiBplisheci. - N, Y., R. H. Mac Masters and Cou5>any, 1921
Willis, Benry P. - The Federal Reserve; A Study of the Banking System of the U.S.
N. Y., Doubleday, 1915, 1917 (3rd ed.)
Willis, H. Parker and W. H. Steiner - Federal Reserve Banking Practice N. Y., D. Appleton and Co.,
Willis, Henry P. - The Federal Reserve System: Legislation, Organization and
Operation - N. Y., Ronald Press, I923
Urlted States Congress, Hearings and Reports
Abolition of the Subtreasuries - Hearings, Comm. on Banking and Currency, House
of Representatives - H. R. 12209 - Feb, 1920
Banking and Currency legislation, miscellaneous suggestions received from bankers
and others by Comm. on Bank and Currency, Senate - 1913 (200 pp) — replies received from bankers and others to questions submitted by
members of committee - 1913 (12*4- pp)
Banking and Currency Reform - Hear ings, (H. Rep )Subcommittee of the Comm. on
Banking and Currency; Hearings --Senate Coma,, on S. 2639 - 1913
Changes in banking and currency system of the U.S., report to accompany H.R.7837
(with views of minority) submitted by Mr. Glass - Sept. 9, 1913
House Report Kb. 69 (63rd Congress, 1 session) - Wash. Government
Printing Office, 1913
Federal Reserve Banks - Establishment of - Hearings - Senate, COEBH. on Banking
and Currency - 63rd Congress; on H.R. 7§37 (S 2639) - Vol. I, II, III
1913 (report to accompany H.R. 7^37* Senate report No. 133;)
Inquiry on Membership in Federal Reserve System - Joint hearings before Conan. on
Banking and Currency - Public Act No. 503, Oct. 1923
Operation of the Rational and Federal Reserve Banking Systems - S.
Hearings, Senate Committee on Banking and Currency Parts 1 and 2,
March, 1932, Appendix, Part 6 - Federal Reserve Questionnaires — Hearings on S. Res. 71, January, 1931
Report of the Committee of Conference on Bill H. R. 7837 to provide for the
establishment of the Federal Reserve Banks - House Report No. 163
(63rd Congress, 2nd Sess.) Washington, G. P. 0. 1913
Shibley, George H. - Explanation of fundamental difference between House Bill 7837
and European currency system - Banking and Currency Comm., Senate, 1913
Location of Reserve Districts in the U.S., letter from the Reserve Bank Organization
Committee transmitting the briefs and arguments presented to the
Organization Committee of the Federal Reserve Board, Senate document
no. 1*85, Wash., O.P.O.,
Periodicals
"The Administration Banking and Currency Bill" - Journal of Political Economy,
Vol. 21, p. 6^9 - Chicago, 1913 "Progress in Banking Legislation" -
P.
a
'
"Bank Reform and Banking in the U. S." - Economist, Vol. 77, pLondon, 1913
"Banking and Currency in the U. S. - Proceedings, Vol. k, Wo. 1 - Academy of
Political Science in the City of N. Y. N. Y., 1913
Conway, Thomas - "The Financial Policy of the Federal Reserve Banks" Journal of Political Economy, Vol. 22, Chicago, 19lk Laughlin, Jar.es L. "The Banking and Currency Act of 1913" Ibid. p. 293
"The Federal Reserve Board and its Accomplishments", Annals, Vol. 63 > Part 2,
Philadelphia, African Academy of Political & Social Science, 1916
"The Federal Reserve System - its Purpose and Work", Annals, Vol. 99,
American Academy of Political and Social Science, Philadelphia, 1922
"The First Year of the Federal Reserve System", Journal of Political Economy,
Vol. 23, p. 993, Chicago, 1915
''Growth of the Federal Reserve System", Journal of Political Econo?ny, Vol. 25,
p. IQk-J, Chicago, 1917
Jacobson, H. and £. A. Goldenweiser, "Developments in the Banking Field with
Special Reference to Federal Reserve Matters" - Aaaerican Statistical
Association, Quarterly Publication, Vol. 17, p. 350, N. Y., 1920
Miller, Adolph C. - "Federal Reserve Policy"
Vol. 11, p. 177, Princeton, 1921
American Economic Review,
Mitchell, Wesley Clair - "The New Banking Measure in the U.S." - Economic Journal,
Vol. 2k, London, 1914
Moulton, Harold G. - "Banking Policy and the Price Situation" - Aaerican Economic
Review, Vol. 10, No. 1, Princeton, 1920
Patterson, Ernest Minor - "Sos\e Tendencies in the Federal Reserve System",
Annals, Vol. 78, p. 118, Philadelphia, American Academy of Political
and Social Science, 1918
Persons, Warren M. - "Basis for Credit Expansion Under the Federal Reserve System',
Review of Economic Statistics, Vol. 2, p. 21, Cambridge, 1920
Willis, Henry P. - "The Federal Reserve System and Inflation", Proceedings,
Vol. 9, P. **2, Academy of Political Science, N. Y., 1920
Willis, H. Parker - "What the Federal Reserve System Has Done", American Economic
Review, Vol. 7, p. 269. Ithaca, 1917
Unpublished Material
Minutes of Federal Reserve Agents' Conference - Washington, November, 1932
and August, 1933
Par Collection - Conference of the Advisory Committee of the Conference of
Governors with the Federal Reserve Board on the subject of par
collection, August 1, 1923
Banking and Credit Policy: Vol. I - Commercial and Central Banking, Committee
on Banking and Credit Policy, Federal Reserve System, November 16,
K.10
1953 (August 1)
FEDERAL RESERVE BANK OF PHILADELPHIA
925 Chestnut Street, Philadelphia 1, Pa.
OFFICERS
President
Alfred H. Williams
First Vice President
W. J. Davis
Vice President
Karl R. Bopp
Vice President
Robert N. Hilkert
Vice President
E. C. Hill
Vice Pres. & Secretary
Wm. G. McCreedy
Vice President
Pt M. Poorman
Cashier and Assistant Secretary
Richard G. Wilgus
Counsel and Assistant Secretary
J. V. Vergari
Assistant Vice President
Joseph R. Campbell
Assistant Vice President
¥. M« Catanach
Assistant Vice President
Norman G, Dash
Assistant Vice President
G. J. Lavin
Assistant Cashier
E. A. Aff
Assistant Cashier
R. E. Haas
Assistant Cashier
Roy Hetherington
Assistant Cashier
H. J. Nelson
Assistant Cashier
Harry W. Roeder
Chief Examiner
Z. G. Fenner
Industrial Economist
Evan B. Alderfer
Financial Economist
Clay J, Anderson
Director of Plant
Fred A. Murray
Machine Methods Officer
Hugh Barrie
Assistant Counsel
Murdoch K, Goodwin
General Auditor
H. B. Haffner
FEDERAL RESERVE BANK OF PHILADELPHIA
POORM&N, Philip M.
Wynnewood, Pa.
Married - 1 daughter
BORN: June 13, I896, in Juniata, Pa.
EDUCATION: Grade School and High School, Juniata, Pa*
Eastman Business College, Poughkeepsie, N. Y«
Temple University, Philadelphia, Pa.
Duquesne University, Pittsburgh, Pa. - Post Graduate Work
Degree - Certified Public Accountant - 1924
EMPLOYMENT PRIOR TO SERVICE WITH FRB:
Wm. W. Blake Co., Altoona, Pa.
Wholesale tobacco & cigars
1916 - 1919
Bookkeeper, Office &
Credit Manager
Main & Company, First N/B Bldg.
Pittsburgh, Pa.
Certified Public Accountants
1921 - 1931 *
Practicing Public
Accountant & Branch
Office Manager
Division of Closed Banks
State Banking Department
Commonwealth of Pennsylvania
Harrisburg, Pa.
I93I - Dec. '35 Deputy Receiver
Closed banks located
in Central Pa. counties
Division of Closed Banks
State Banking Department
Commonwealth of Pennsylvania
Harrisburg, Pa.
Dec. 1935 Jan. 1937
Special traveling representative for Secretary
of Banking
Division of Closed Banks
State Banking Department
Commonwealth of Pennsylvania
Harrisburg, Pa.
Jan. 1937 Jan. 1938
Assistant Director of
Division of Closed Banks
Division of Closed Banks
State Banking Department
Commonwealth of Pennsylvania
Harrisburg, Pa.
Jan. 1938 Mar. 15, 1939
Deputy Receiver
Thirty-two closed banks
located in Philadelphia
*0n leave of absence from that organization up to date of employment with
Federal Reserve Bank of Philadelphia, during which time Mr. Poorman had been
loaned to the State Banking Department.
Came to Federal Reserve Bank of Philadelphia on 3A6/39
5/20/43
1/ 1/46
5/ 1/48
5/ 1/51
to date
March 22, 1954
Auditor
General Auditor
Cashier
Vice President & Cashier
Vice President (relinquished title of "Cashier")
STOUT, C. Frederick C*
Glenn Road, Ardmore, Pa*
Married - 2 sons
1 daughter
BORN: April 2, 1869, in Philadelphia, Pa.
v
I
(V*
EDUCATION: Barker's Academy in Gernantown
Central High School of Philadelphia
EMPLOYMENT;
In 1885 he entered, as an apprentice, the leather manufacturing
business of his uncle, conducted by the firm of John R« Evans &
Co., and later succeeded his uncle as head of that firm*
President, Ruby Kid Company
"
Peerless Kid Company
M
Jersey Leather Company of Camden, N. J.
(All owned by John R. Evans & Co«)
During World War I, he organized the Hide and Leather Control,
Q.M.C. of the Army, and later organized and served as a
director of the Hide, Leather and Leather Goods Division of
the War Industries Board
g
DIRECTORSHIPS: Central National Bank of Philadelphia
Philadelphia Fire Association of Philadelphia
Victory Fire Association of Philadelphia
Keystone Mutual Fire Association of Philadelphia
Chairman of Board of Managers, Hospitals of the Graduate
School of Medicine of the University of Pennsylvania
Also, Vlee President, Pennsylvania Horticultural Society
Member of following:
Union League
Rittenhouse Club
Midday Club
Gulph Mills Golf Club
Merion Cricket Club
Was senior member of the firm of John R« Evans & Co* when elected to Board
of Directors of Federal Reserve Bank of Philadelphia to fill unexpired
term of Mr. Alba B. Johnson, Class B Director - Group 1, who resigned to
accept appointment as Class C Director*
Term began l/l/28 through 12/31/2$
Reelected every 3 years thereafter, serving through 12/31/43
Died January 30, 1952 (82 years old)
March 22, 1954
VERGARI, James V.
Philadelphia, Pa.
Married - 2 daughters
BORN: June 16, 1909, in Gubbio, Italy
EDUCATION; University of Pennsylvania, Extension School
University of Scranton - Bachelor of Science
Temple University, Law School - Bachelor of Laws
Member of the Bar of Philadelphia and Pennsylvania
EMPLOYMENT PRIOR TO SERVICE WITH FRB:
1925 - 1932
Assistant Cashier, Plains (Pa.) State Bank
1932 - 1939
Assistant Deputy Receiver, Department of Banking
Commonwealth of Pennsylvania, Division of Liquidation
Came to Federal Reserve Bank of Philadelphia on \O/V7/2£
8/ 1/41
9/ 1/41
1/ 1/42
1/ I/4.6
3/ 1/4-6
5/ 1/4-8
1/ 1/49
to date
March 22, I954
Transit Department (Twilight) Clerk
Fiscal Agency Clerk
Consumer Credit Clerk
Consumer Credit Technical Assistant
Assistant Vice President
Assistant Vice President & Assistant Secretary
Assistant Vice President, Counsel & Assistant Secretary
Counsel & Assistant Secretary
WILGUS, Richard G #
Philadelphia, Pa.
Bachelor
BORN: June 25, 1902
EDUCATION: Public Schools of Philadelphia
A.I.B, Courses, including Graduate Seminar in Credits
Correspondence Course in Banking - Columbia University, N.Y.C.
Evening School, Drexel Institute of Technology, Philadelphia
1926 - 1930 Diploma Course in Accounting and Allied
Subjects (Honors)
EMPLOYMENT PRIOR TO SERVICE WITH FRB:
Practically none
Came to Federal Reserve Bank of Philadelphia on 6/17/18 Transit Clerk
I/I6/3O Bank Examination - Assistant to Examiner
1/ 1/37
•
«
- Office Supervisor
1/ 1/41
n
«
. Manager, Division of Reports and Analysis
3/ "WL2
1/
5/
5/
5/
to
1/47
1/48
1/50
1/51
date
11
H
H
H
ft
n
Assistant Federal Reserve Agent
Assistant Cashier
Assistant Vice President
Assistant Vice President and Assistant Secretary
Cashier and Assistant Secretary
Active member of several professional societies, including:
Society for the Advancement of Management
National Association of Bank Auditors and Comptrollers
The American Statistical Association
The American Academy of Political and Social Science
The American Management Association
March 22, 1954
11
n
BALDERSTON, C . Caniby
UNIVERSITY of PENNSYLVANIA
PHIWDELPHIA 4
g ^
^ _
The Wharton School
of Finance and Commerce
OFFICE OF THE DEAN
March 1 2 , 195U
Miss Katherine McKinstry
Research Assistant
Committee on the History of the Federal
Reserve System
33 Liberty S t r e e t
New York kSt New York
Dear Miss McKinstry:
If i t s u i t s Miss Mildred Adams to see me on
Friday morning March 19 9 I w i l l be free a t 10:00 a#m»
I am sorry t h a t I have no time free on the preceding
day, because t h i s i s the period of budget preparation
here at the University, If the time suggested does
not f i t Miss Adam's scnedule, please f e e l free to c a l l .
Sincerely yours,
C# Canby Balderston.
Dean
CCB/c
^
March 8 f 1954
Dean G. Canby Balderston
Vharton School of Tine nee and Ooaseree
University of Pennsylvania.
B O O H E-lll, Dietrich Hall
Philadelphia U, Pennsylvania
Bear Dean Balderstom
On behalf of Kiss Mildred Adams, Research Director
for the above Coasdttee, I am writing to inquire whether it
'would be possible for you to see her some time during her
forthcoming trip to Philadelphia, where she expects to visit
tfte Eeserve Bank on March 13-19*
the aid of & grant fro» the Bockefeller Foundation, Miss Adams is engaged in locating material relating to
the history of the Reserve %stes and in interviewing people
who have been influential in its development. In view of your
ovn long career in teaching and connection with th© Philadelphia Reserve Bank, she feels it would be especially helpful
to discuss this project with you*
If it is posaible for you to indicate a definite
appointment for Kiss Adams to call at your office, X would
be Tory glad to have word from your secretary as to when it
would be aost convenient for you to schedule such a meeting.
Sincerely yours,
Research Assistant
BOPP, Karl
August
Dear Dr. Bopps
Hy attention hits b*en called to tire fact that th«
Bank has ju*t nublifthud a booklet «ntitl«<i «40 Tear* of tt» F*d«ral
s«rn» Aet». I assiMO that th« pr«o*nkUoa of this booklet vs» «»Ser
your ear* at»d thi# I# wa »dd«<i r»«fton why to aftcy people insist that
*r# the ptrrmn to do
we Iwve & copy of the booklet? Ve voi\ld be
Slneorely
Director
Dr, Karl Bopp
Vic* President
£*»***• Bank of
1, Pennsylvania
August y, 1954
Dear Dr. Boppz
In terms of interest *zn& stinraltis my visit to Dr. Wood at
Istes Park vas all tbftt could be asked. He has M s typewriter set
up in a small cabin which looks out on silver aspens, chipmunks and
a talkative brook - a setting so charming that only a well disciplined
intellectual could be moved to work there. He finds it ideal - the
cliaate is dryer than that in Venaont, and the interruptions fever.
He does not, however, want to be considered & possible
candidate for writing the history of the Federal Reserve System,
The book on which he is presently engaged will take at least a
solid year of work, and even though he applied for a s&bbatic&l
year to begin in the susmer of 195 5> this would mean 1956 at the
very earliest before he could finish it* The amount of nev material
which the Committee has been turning up seemed to weigh him down
rather than to cheer him. He gave iae the impression that he thought
himself pest the age when he would consider undertaking so voluminous
a task.
The interview resulted in two suggestions - one from me
(which he turned aside) that the book now under way might conceivably
belong in the gfilaxy of books vhich the Coismittee hopes to further
and that therefore he might want to think about applying for a grant;
the other from his, that you yourself were the ideal person to do the
definitive history. This second suggestion will come as no shock to
you, but it leaves us having come back to a door vhich we tried to
enter earlier in the spring.
I had read with interest a susEsary of the paper whieh Br»
Wood presented to the spring meeting of the Midwest Economic Association, and I told him I had been seeking a full copy. He was kind
enough to let me bring his own manuscript back, and to say that I
might have it copied and show it to interested friends. I an therefore enclosing a carbon, (though you m&j already have one) and I shall
see that it goes to Mr. Sproul, Mr. Eoelse and Dr. John Williams, all
of whom were interested in the sumary*
Dr* Vood wanted ae to give you his warmest greetings* Re
says you are to spend your own vacation on C&ndlewood Lake, and he
was eager to know more about that section of New JEnglimd. I only
hope that Connecticut will prove as good a vacation spot for you
as Colorado seems for him,
I aa ever so grateful to you for providing an introduction
which opened so pleasant a door. Even though we have not yet found
our history writer we have, I hope, made a valuable new friend for
the Coiffialttee^ work. Further suggestions will be most welcome.
?ery sincerely yours,
Mildred Adams
Research Director
Dae,
Dr. Karl Bopp
Vice President
tm&meal F^serve Bank of Philadelphia
ffelladelphia 1, Pennsylvania
BOPP, Karl
23* 1954
Bear £r
I h * been tiyiag to reach yea \y elif&ta** ^at ith
rt*oe**f so pies** eoai&fler this letter in lieu #f Hi* t»3L#$&@liii
ti
&1& ight h**e been aa easier wsif to <$twsm» the.
I ainr ycm e a r l i e r i n the spring yp« talked with real
of Profeaaor B u t ? Vsod s.« s auia vho s-tght povalbl^r b« i n t e r in md«rtftkii)C Hi« histoT^r ©^ th# F«d#ml i»n«rv® j^rstwc ^ i e h
ince t&<mf Pfofesaor lloo^1* n««» IMXI »X»r» bwa »ngas ®JS ftcSditloti to our Consttt^ft^ aa^ f ham b«#u -e^lsed to g#t
further infonua'iion about
3f thss® tvi* aug^illetis for quit®
oa the part of Pr^fftMor Wood, I would gr«atljr a^predfttt two kla^.s of
tlon* l a %« f i r s t |£UMM>« < • 9WR t^ HaT^ a v©ry arall b i b l t o fv»r .^rof#is^r Vbod* X iw*«rstand that h i s b«»t Irnovn w>-Hc 1«
.*>f S w t r t l BanSdnj Control 1^19-13^ B , t?t3tt I h®v# net
l i s t of th« p#riodlcal r&terlal i^iich I
h® m&st lUftYe vrltt«n # but *>f T,%lch tut HaTir i^^t y®t
d aj^reelate fii3gg«*tlo!is on t h i s , or t i t l e s i f you Iwv©
i s ^ttethtr you think
a ^aim useful part %n tki3 nor^r t f H# v«r
or I f he ^ar® vrltlog on ®a£st ph«.fM of the projeat* V© both knov
writing its., no to speakf © kiud of HaMt ®n«! that iso^etiK^ th-oee
gliow A ^©17 «nall 7r9'5uetlon <?o m because they find vsittng a g
r»t2»er t^ian a likeable ^^anpation* If ts»l« i f ^mfe-saw VrK«;tft frsis© of
I 1^n:il'i uonier I f a® wol*? ife«nt to be ank#d to w!#rtsk« an
l i g h t you «?an 4kt& 0a either of there questl^nn «111 be
»o»t ftitWWD.x reeeive^* I feat® to prer« j^u for aid i n thi», but* i f
isOL#^ l^r aay cfcsaze, call a* at the B?nk on thirs^j^i T ^mnl^ fee
grateful* I f ihmt i s irponslbl©, I ean b© reaette*! 01a Friday and
a t "%*.tp^rt, Coimectf ent i^iere the phenm nmib^T in CAtrfLte1 7"-5
* I ioa
f e«y eineerely
5r« Karl
Fe^eml Iese?¥#
http://fraser.stlouisfed.org/]>hiladelidiia
Federal Reserve Bank of St. Louis
Bunk of ?nila£*lpht*
BOPP, Karl R
March 21, 1954
Pear Dr. Bopp:
This is a sraall note to express largs gratitude for
your kindness yesterday. The information which you gave ae is
very useful and I found the whole conversation very stimulating.
As for the Giblin book (The Growth of a Central Bank),
I caa only hope that Sir Henry Clay, who is writing the Montagu
3onaan biography, knov3 about it. The list of principles for a
central bank on ?&gQ -40 sheds a great deal of light on wh.it was
happening here i& the 1920*3. It also sheds light on ioile Moreau's
comaents* A3 I said yesterday, if you have difficulty getting the
latter*3 book, I will be glad to send you the copy I have.
Gratefully yours,
Mildred Adams
Research Director
Dr. Karl R. Bopp
Vice President
Federal Reserve Bank of Philadelphia
Philadelphia. 1, Pennsylvania
March 10, 1954
Dear Dr. Boppi
I should like to thank you, on behalf
of Miss Adams for your extremely kind and prompt
response to my note of March 3th•
As Hiss Adamsfs program seems to be
shaping up, she will spend Wednesday, March 17th, in
Princeton, and will take the 8s30 train on Thursday
Morning to Philadelphia, where she will go directly
to the Baak.* She rather feared that Thursday would
prove an awkward day from your standpoint, but she
thought it might be feasible for her to visit your
library, perhaps see some members of your research
staff, and keep a few outside appointments*
The Friday morning meeting with you
at 9*30 would suit her very well. She is looking forward very much to talking with you about her whole
research program*
Sincerely yours,
Research Assistant
Dr. Karl R* Bopp
Vice Presideat
Federal Reserve Baak of Philadelphia
Philadelphia 1, Pennsylvania
V. ^
e
u
pr
* </ "*'
FEDERAL RESERVE BANK
OF
PHILADELPHIA
(ZONE I)
March 9, 1954
Miss Katherine McKinstry
Research Assistant
Committee on the History of
the Federal Reserve System
33 Liberty Street
New York 45, New York
Dear Miss McKinstry:
I have discussed with President Williams your
letters to us. Thursday is a rather bad day for the senior
officers at the Federal Reserve Bank of Philadelphia because
•we have a Board meeting in the morning and frequently have
conferences and activities in the afternoon. On the other
hand, some members of the staff, including the Librarian,
will be available to confer with Miss Mildred Adams on her
exploratory study on the history of the Federal Reserve
System.
I shall be happy to confer with
time on Friday. If she comes on Thursday
other members of the staff, we might make
pointment then; otherwise, I suggest 9s30
Miss Adams any
to confer with
a definite apa.m. Friday.
Currently a lot of good friends have gone out on
a limb as to how much I know about the history of the
Federal Reserve System and source materials on it. I can
only hope that Miss Adams will not be unduly disappointed.
Sincerely,
KRB/b
Karl R. Bopp
Vice President
Marea 8, 1954
Dear Bj% Boppt
Blace you are widely recognised both within and without
the Beserve %"stea ad one of our leading students of banking
hlstory, it is not surprising that Miss Mildred M a m s , Research
Director for the above Coasaittee, has been told by many people
here in the Hew York Reserve Bank, at the Board in Washington,
and elsewhere that you are one of the first persons she ought to
consult in connection with the research project -which she has
recently undertaken vith the aid of a grant from the Rockefeller
Foundation.
At present, she is engaged as&inly in seeking out ami
cataloging sonoe materials aad in interviewing people who hare
played important roles in the development of the Reserve System.
If this exploratory phase is successful, it my lead on to
later studies *which would be of interest not only to Reserve
people but to economists in the universities and banks*
She is pi&naing to spend two days in Philadelphia—
Thursday and Friday, March 18-19, and hopes Tery mmh that you
•will be in the Bank at that tioe end will find time to discuss
this project with her. In view of her limited tiae and the i&any
people she may vant to see, it would be most helpful if you could
suggest a definite ti&e when she might come in to talk with you*
fhas far, we have scheduled no fir* appointments, though we have
Just written to Mr. Williams inforaing hi* of her plans and her
interest in visiting the Philadelphia Bank.
Sincerely yours,
Research Assistant
Dr. Karl R. Bopp
?ioe President
Federal Reserve Bank of Philadelphia
Philadelphia 1, Pennsylvania
km
McCABE, Thomas B .
SCOTT PAPER COMPANY
CHESTER, PEN N SYLVAN IA
THOMAS B. MCCABE
March 16. 1954
PRESIDENT
*
Miss Katherine McKinstry
Research Assistant
Committee on the History of the
Federal Reserve System
33 Liberty Street
New York 45, N. Y.
Dear Miss McKinstry:
I sincerely regret that I shall be
unable to see Miss Mildred Adams when she
is in Philadelphia on March 18-19. I have
to be in Washington the 18th for a meeting
of the Business Advisory Council for the
Department of Commerce, and on the 19th I
have two very important engagements in New York,
Sincerely,
Sir Edmund Hall-Patch knows Mr.
McCabe very well.
March 3, 1954
Mr. Thomas B. McC&be
President
The Scott Paper Co»p&ny
Chester, Pennsylvania
Dear Mr. McCabe:
Oa behalf of Hiss Mildred Adeas, Research Director
for the above Cowaittee, I am writing to give you advance
notice of her plana for vigitlng the Philadelphia area, oa
Thursday and Friday, Jferch 13-19, where she is arranging to
visit the Reserve Bank, and, if possible, she would like to
work out an appointment to see you sometime during the course
of her two-day stay,
la view of your distinguished service both &s Chairman of the Board of Governors and oa the Board of Directors
of the Philadelphia Bank, she is laost anxious to discuss her
research program vita you.
With the aid of a grant froa the Rockefeller Foundation, Miss Adaas is now engaged in locating relevant materials
and interviewing people vho have played important parts in the
developftent of the Reserve System. If this current eaqploretory
phase is successful, it vill lay the foundations for later
studies which should be of interest to the Heserve System, to
economists, and others.
In view of the shortness of her stay and the need to
arrange appointments in advance, she would be sost appreciative if you would have your secretary reply to this letter
within the next veek or so, indicating i&en and vhere such
a meeting as Miss Adams has requested adght be arranged. If
you expect to be in Philadelphia, perhaps It could be worked
out there; otherwise, Miss Adams would be glad to come to
Chester at whatever time you may care to suggest*
Sincerely yours,
Research Assistant
PABKER, Mary C.
Harch 31,
Dear Miss Parkert
This is just B. small note of thanks for all your
kindness yesterdry. You said you did not think you vere
giving me very such. As & matter of fact, you contributed
& great deal to my undergttnding of the early days in the
bank and of the personalities and problems then active. I
bope theit this inquiry vill bring us together again.
Gratefully yours,
Kildred Adams
Research Director
Kiss ¥*nry C. Parker
224 Vest Tulpehocken Street
Philadelphia U
Pennsylvania
March 15, 195-4
Dear Kiss Barkers
Tou were Bore than kind to suggest
meeting Miss Adams at the Philadelphia Reserve
Bank. She is, however, most anxious to spare
you £ strenuous trip into the City, and
has asked me to vrite you again, suggesting
that she come out to German-town to see you
on Monday afternoon, March 22nd. This would
give her ti*e for a fairly long talk with you
before taking a train for Washington that
evening.
She hopes this rearrangement will
emit you better. As her plans now stand,
she expects to leave Nev York at 2s30 P.M. on
Monday, March 22nd, and will, with your permission, cose directly from the railroad station
to your hone in Genaantovn.
Sincerely yours,
Research Assistant
Miss Mary C. Parker
224 West Tttlpehockea Street
Philadelphia U
Pennsylvania
Miss MARY C. PARKER
224 WEST TULPEHOCKEN STREET
PHILADELPHIA 44, PA.
/Vvi/L^
Cip
7
••/ K
C (
c
March 9, 1954
Bear Miss Parker:
Miss Ulldred Adams, Research Director for the
abore Coaaittee, has asked me to send you this note to
say that she is planning to spend several days in Philadelphia, Thursday and Friday, March 13-19, and possibly
also Saturday morning, and to inquire whether it vould
be possible for her to hare a talk with you while she is
in town.
With the aid of a grant from the Rockefeller
Foundation, she is engaged in locating and cataloging
material and in interviewing people •who have played a
part in the development of the Federal Reserve %ste«u
She is especially interested in talking with people \fao
were at the Hew Tork Reserve Bank in its formative years,
and would be most appreciative to hear your recollections
of those days, which Miss DilHstin aa suggested.
Since her tiae schedule will be sonievhat tight,
she vould be glad to hear fron you. in advance of her trip
in order to arrange a tiae for a meeting with you iihiea
vould best suit your convenience.
Sincerely yours,
Research Assistant
Miss Mary Parker
224 Vest Tulpehocken Street
Philadelphia 44
Pennsylvania
tfeirch 26, 1954
Hiss Parkers
I sbotdd like to thank you. again
for your willingness to see Mis?, Adatac. She
i s BOV nearly recovered from h®r recent India
position and i s looking forward to ocillli^ on
a t your hm& on fu®'S<3ay Biondug of next
Sfe© will be lefirtng her© on the 8«3O
m.mm t r a i a , arriving s i the Worth Piilftdelphi
Statios a t 9t57, i^ier© she n i l l , ^rnless we
haw -word, froia you otherwise, take a taad to
your hoae*
ia of coiK^ie especially interested
l a talking with people connected irtth the Sei?
York Benk in i t s earlier &e&&, and i s most
grateful to you tor yoiir Tery generotm response.
Sincerely
Research Assistant
Miss Mary C* Farker
224 Wegt Tulpehocken Street
44* Pennsylvania
la far
Miss MARY C. PARKER
224 WEST TULPEHOCKEN STREET
PHILADELPHIA 44, PA.
/
^
,
^0
Ir
%'
I
MISC. 34.1
35 M
10-29
* FEDERAL RESERVE BANK
OF NEW YORK
SENT
Brooklngs Institution
BY
Miss Mildred Adams
SEND TO FILES
COPY
Miss Mary C. Parker
224 Vest Tulpehocken Street
Philadel^iia 44, P«*
->
^
"** *.
o
^
Because of illness deeply regret cannot keep appointment, Hope,that
Tuesday next week equally convenient.
•
Mildred Adams
^
Miss MARY C. PARKER
224 WEST TULPEHOCKEN STREET
PHILADELPHIA 44, PA.
fc-w^, c C t ^
-. ^r -
_
_
MAWRG
PRESIDENT'S OFFICE
April 5,
Dear Miss Adams:
Miss McBride has asked me to
answer your letter of March thirty-first
requesting the address of Mr. C, J. Rhoads
Mr. Rhoads1 address iss
Ithan Mill Farm
Bryn Mawr, Pa.
Sincerely,
Secretary to the President
Miss Mildred Adams
Research Director
Committee on the History of the Federal
Reserve System
33 Liberty Street
New York k59 New York
RHOADS, C. J.
March
Dear Miss
In cwmeetlorj with this history study we are
eager to get in touch with Mr, C. J. Khoads, vho vss the
First Governor of the Federal Reserve 3zmk of Philadelphia
sad is now, we are told, one of the trustees of Bryn Mavr
College. Vcmld you be so kind as to send us his address
so that we way address faim directly. Thanking you for
this courtesy, I sm
Sincerely yours,
Mildred Adams
He-search Director
Miss €atheriue McBride
President, Brya Mawr College
Bryn Mavr
* **
SIENKIEWICZ, Casimir A.
M&rcii 11, 1954
Mr. Casimir A»
Fresideat
Central-Perm Sational Bank
Broad and Ifcjjaut Strsst©
Pennstylvmaia
Daar Mr.
Thank you for your kindness in
respc^iding ec proExptly **nd gfeaerous^ to my
request for sa appoiata«at for Miss Adaa#.
Because of cocmitinen-ut; ulrt&dy made at the
Philadelphia Reserve Bank on Friday doming,
^ie would l i k e tc costs l a to &&* you on
day moral eg, March IS, a t I l i l 5 A.M*f as you
have suggested.
Kiss Adams i s looking forward
to her v i s i t to Philadelphia, and wishes me to
convoy to you her thanks for this opportunity
to discuss Reserve matters with you.
Sincerely yours,
Research Assistant
CENTRAL-PENN NATIONAL BANK
PHILADELPHIA
CASIMIR A.S1ENKIEWICZ
PRESIDENT
March 10, 1954
Miss Katherine McKinstry, Research Asst.
Committee on the History of the Federal
Reserve System
33 Liberty Street
New York 45, N. Y.
Dear Miss McKinstry:
My schedule next week is fairly tight
but I could give an hour or more to Miss Mildred
Adams on Thursday, March 18. at 11:15 a.m. , or
Friday, March 19, at about 10:30 a.m.
I shall be glad to meet with Miss Adams,
hoping that her search is not too exhausting.
Sincerely,
CAS:pl
March 8,
Dear Mr* Sienkeiwicat
At the request of Kiss Mildred Ada&s,
£»s#ferch Director for the £&o\re Cotmlttee, I am
ending you this note to &sk vhetlaer i t would be
possible for you to see her briefly during her
forthcoE&ag v i s i t to Philadelphia, on Thursday and
Friday, March 18-19. She would greatly appreciate
an opportunity to talk vith you about your year©
with the Fhiie-delphie Reserve B&nlu.
At present, Mies Adams i s mainly engaged
l a seeking out and cataloging Witerisl ear! i n t e r viewirig people ^.o have had an Important part in
the development of the Reserve ^st€Bi, v,Mch, i t i s
hoped, asty foim & basis for l a t e r studies and pub
tions.
If i t v i H be possible for you to grant
Miss Adaas an interviev, wotild you please heve youtr
seeretery advise us vhet tiae vould be aost convenieart for you.
Sincerely yours,
Research Assistant
Mr. CasiMir A. Sienkeiwic*
President aod Director
Perm Ifetlonal Bank
8th and Walnut Streets
Philadelphia 2, Pennsylvania
RHOADS, C . J .
Kara* 31, 1954
Deisr Hiss McBrldet
In connecti.ee with this history «tady w* nre
eager to gat In touch vith Mr. C. J*. Bhoftdft, t?ho imp the
H.p«t QoTernor of the* Federal Reserve Bftak of Philadelphia
And i s now, ve are told, one of the trustees of B1711 Kavr
College. Vould you be »o kind ss to seed us his address
JBO that ve saty addreas him directly. Thanking JOM for
thia cotsrtesy, I am
Sincaredy
Mildred
Research Cireetor
Hiss Catherine McBride
President, Bryn Mavr College
Bryn Mavr
@FedFRASER