The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
WOLF, Joseph G,
Newberry Library
Chicago 10, Illinois
See under DATffiS, Charles and Rufus
WOLFE, 0. Howard
fletober 3$ 1955
9mr Mr* Ifc&foi
On m? totum fwm veeetieot 1 found jour
letter of Stsribwhe? 4th* reeeewiJii no taint the Wolfe
ftalljf Isni not IMNM «*d&ed doum etaNftfcgrthe tee*e
of irareieefie IMUuui* 1 ogeq^th&e© utth ypm over the
l o w of the io#r end the 29 iwmdft of w i l e e s * bv& *t
l«n§t tho§# ©e& he ropleeed*
He areftleogr*g l t i to kaeir ebeet ehet ymn
find itara y@m go cm * roeoad hearting ei^pditiom* - 1
hope the busting this tint e U l toe ee good ee i t tot
been in the poet*
Cbrdlelly j©m^%
Mildred
Mr« Ob lewurit iolf#
2&4 f e t t toa ttreet
NULf0f4* Hike Grant?
Ftttt^vnaLn
0 . HOWARD WOLFE
V E?®West Ann
street
Bfilford, Pike County, Penna*
SEP
7 W.
iluJ^-U-—
COMMITTEE ON THE HISTORf
OF THE
FEDERAL RESERVE mmm
¥
:^IW
\ ^
rifs~
1
{/
CK
slVlA
^**"^>j
at-
*-r^< ^iny
^-r^y
st-a^sf^ ~sh^sfi sfrrCj^
4^_
cn^-^^
y^r^y^
a^A
^ u
ir
j
JL^^g^
^T-Z/^U^
i\
WOLFE, 0 . Howard
Bmptmhm l f . 1955
§#«* ! T # tto&fo*
Jm and your vifa and j « r ab&ndog
hooae in Milforfi haire boon vojy naeh to i f
mJM n# I b&v* road of the dovajrteAion lAldfe
hat bora vtoltoft os your «*e££0&* f h i i not*
i s j u s t to aay fbat 1 topt no 4a»g# waa
T i i i t t i oltbor on y#mr feoaso in Itllfcwd or
ib* lag e«bto £a tfao couAtary of Mfaidb 1
hmm hoard to u o l u tbo pi0turnn haw bota
t n d y &igfetes4^n; but i& sassy JjMta&oos
imil^UWils tar# %%mm spared and *o hao
thoir proporty* 1 cto hop^ thai tho Volf*»
are gooog thio fat t&tfs&te group*
?oxy ou&oovoSy yow%
K&droA Admit
Mr* ©# Boms* folfo
WOLFE, 0« Howard
Hr# G« ScftmrA
tfblf*
Star 8r* VoXf*?
2 « aaked % l i a s Aiim§ t# t e l l ym that the federal
Btomnr* Built of Sew f#rk w i l l tend UMI peqpblet 1llfowqri
Neater or 8*rve&t*«
8tae n i l ! fee mtf fe%»#i§i#i to taw of «igrl&l£g yon
Iran 19*
ferjr #imt#r#ly yoertt
Mrs* Singtr
O. HOWARD W O L F E
2 1 4 A N N STREET
C E I V E Q
MIUFORD - PIKE CO. - PENNA.
JULI2«
7Arrv^;'l{hrZ=&sy
^ J ^ ^ - ^ f
"
^u4~—A
^vo~~r^- (K^az^. J(^-^f snA^-^i-^ ^Z^Z^sc- -y-^ y <^A^L
^^TW^^^TJ-
9vm S t If55
Hear i r * Ya&fot
I t m vaiy kind -of you to write in autih detail -about the e*rly d^r«
of the OrgaiiiMticm flopalttee ood «Wto Uptltoa l i l l i a n i * Hint a e t o » y
dhftroeior he w » t have beent
Alio^ I en delighted to- have §#a» those sa&pXee of mT^m^ptzMmmm
fhey certainly do convey the i temper of the t i s % as well me the atibjoeto of
eoataroveray* I an retui^ing tkn% *dth the hope that you will opt 'part *&tb
aqgr of t h i s early material miens you send i t to x&9 ®t to a library vhiah M i l
tatow bow to vain© i t end to nafce i t amilsble to pwparly equipped ptudemta of
eeatntl baait£&g-»
iothlmg "would please ®# better than to eoae out md spend dayn gedog
thwugh i t t but a t the nommt I m bound westward to tttnRoapblla nad faitias
Gltgr* l a t e r i a the staler* %&e& ve hope to have a student a t voxk #u thoao
early daya* ue nay bo nuking for help* If ¥# only had your materiel here
nhere no oould go through i t I ttoald be happier* I t should a l l be read sad
Hated* but that l a difficult fro® thie c&ataaee*
tbaaks BO ouch for your kiad invitation to the log hornet # And
jpilemse give my warm- greetings 'to your idfe* ufeoae kind hospitality 1 rese^ber
with muoh pleasure*
Cordially yourtt*
Mildred Ada**
F* S* fere Maalr** p&oaaef
Mr* '§# Sov&rd lolfe
Faa$*£k
Hlse CcRSitgr^ f ^m^ylvasla
Xae«
WOLFE, 0. Howard
R O N A L D R A N S O M , CHAIRMAN
EXECUTIVE VICE PRESIDENT FULTON NATIONAL BANK
ATLANTA. GEORGIA
v
W. ALLENDOERFER
If*!?RESIDENT FIRST NATIONAL BANKPr"wf
,\3 CITY. MISSOURI
* *
f***»
f>"
«•.-,
.#*%
;
E. J. BOWMAN
PRESIDENT DALY BANK 8c TRUST CO.
ANACONDA. MONTANA
P D. H O U S T O N
CHAIRMAN OF BOARD AMERICAN NATIONAL BAN
NASHVILLE. TENNESSEE
ESTABLISHED UNDER THE CODE OP FAIR COMPETITION
| f e N a p | A S A PLANNING AND FAIR PRACTICE AGENCY
NCPWD fiftJpERATE WITH THE ADMINISTRATOR IN THE
ADMINISTRATION AND ENFORCEMENT OF THE CODE
L. A. A N D R E W
CE PRESIDENT FIRST STATE BANK
°LETON. IOWA
L I P A. B E N S O N
SIDENT DIME SAVINGS BANK
-rJOOKLYN. NEW YORK
ROBERT M. HANES
PRESIDENT WACHOVIA BANK & TRUST CO.
WINSTON-SALEM, NORTH CAROLINA
THE BANKING CODE COMMITTEE
O R V A L W. A D A M S
VICE PRESIDENT UTAH STATE NATIONAL BANK
«- - - \ L A K E CITY, UTAH
PERCY H J O H N S T O N
PRESIDENT CHEMICAL BANK & TRUST CO.
NEW YORK, N. Y.
W A. K E N N E D Y
PRESIDENT FIRST NATIONAL BANK
POMONA. CALIFORNIA
T H O M A S B. M c A D A M S
PRESIDENT UNION TRUST COMPANY
BALTIMORE. MARYLAND
^2s \m
C H A R L E S E. S P E N C E R , JR.
VICE PRESIDENT FIRST NATIONAL BANK
BOSTON. MASSACHUSETTS
BENJAMIN J. BUTTENWIESER
CO;.i •Afrn*:
J O H N B. B Y R N E
PRESIDENT HARTFORD-CONNECTICUT TRUST CO.
HARTFORD. CONNECTICUT
t<M n
OF
ABNER J. S T I L W E L L
VICE PRESIDENT CONTINENTAL-ILLINOIS
NATIONAL BANK * TRUST CO.
?ne
W E DO OUR PART
CHARLES H. DEPPE
/* %/
VICE PRESIDENT FIFTH THIRD UNION TRUST"CO.*
CINCINNATI. OHIO
22 EAST 4 0 T H STREET
P A U L S. D I C K
PRESIDENT UNITED STATES NATIONAL BANK
PORTLAND, OREGON
P. B. D O T Y
PRESIDENT FIRST NATIONAL BANK
BEAUMONT. TEXAS
J. R. GEIS
PRESIDENT FARMERS NATIONAL BANK
SALINA. KANSAS
A . P. G I A N N I N I
CHAIRMAN OF BOARD BANK OF AMERICA N. T. & S. A,
SAN FRANCISCO, CALIFORNIA
W. C. G O R D O N
PRESIDENT FARMERS SAVINGS BANK
MARSHALL. MISSOURI
CHICAGO. ILLINOIS
H E N R Y A. T H E I S
VICE PRESIDENT GUARANTY TRUST CO.
NEW YORK. N. Y.
WILLIAM C TOMPKINS
AUDITOR FIRST NATIONAL BANK
ST. LOUIS, MISSOURI
NEW YORK, N. Y.
7U*
T
^4-z?
!>-
G E O R G E O. V A S S
VICE PRESIDENT RIGGS NATIONAL BANK
WASHINGTON. O. C.
0**-™ss^
•$*^
O. H O W A R D W O L F E
CASHIER PHILADELPHIA NATIONAL BANK
PHILADELPHIA. PENNSYLVANIA
0
F R A N K W . S I M M O N D S , SECRETARY
22 EAST 40TH STREET
NEW YORK. N. Y.
/!-,=*
T H O M A S B. P A T O N , ASST SECRETARY
22 EAST 40TH STREET
NEW YORK. N. Y.
•jp*W
R O N A L D R A N S O M . CHAIRMAN
EXECUTIVE VICE PRESIDENT FULTON NATIONAL BANK
ATLANTA. GEORGIA
\
ROBERT M. HANES
PRESIDENT WACHOVIA BANK «e TRUST CO.
WINSTON-SALEM. NORTH CAROLINA
THE BANKING CODE COMMITTEE
O R V A L W. A D A M S
VICE PRESIDENT UTAH STATE NATIONAL BANK
, ' " " ^ L A K E CITY. UTAH
P D. H O U S T O N
CHAIRMAN OF 30ARD AMERICAN NATIONAL BAN
NASHVILLE. TENNESSEE
ESTABLISHED UNDER THE CODE OF FAIR COMPETITION
FOR BANKS AS A PLANNING AND FAIR PRACTICE AGENCY
AND TO COOPERATE WITH THE ADMINISTRATOR IN THE
ADMINISTRATION AND ENFORCEMENT OF THE CODE
W. ALLENDOERFER
(ESIDENT FIRST NATIONAL BANK
AS CITY. MISSOURI
L. A. A N D R E W
CE PRESIDENT FIRST STATE BANK
PLETON, IOWA
PERCY H JOHNSTON
PRESIDENT CHEMICAL BANK 0. TRUST CO.
NEW YORK. N. Y.
W A. K E N N E D Y
PRESIDENT FIRST NATIONAL BANK
L I P A. B E N S O N
-S1DENT DIME SAVINGS BANK
BROOKLYN. NEW YORK
POMONA, CALIFORNIA
T H O M A S B. M c A D A M S
PRESIDENT UNION TRUST COMPANY
BALTIMORE, MARYLAND
C H A R L E S E. S P E N C E R . J « .
VICE PRESIDENT FIRST NATIONAL BANK
BOSTON. MASSACHUSETTS
E. J . B O W M A N
PRESIDENT QALY BANK * TRUST CO.
ANACONDA. MONTANA
BENJAMIN J.
BUTTENWIESER
NEW YORK. N. Y,
J O H N B. B Y R N E
PRESIDENT HARTFORD-CONNECTICUT TRUST CO.
HARTFORD. CONNECTICUT
ABNER J. STILWELL
VICE PRESIDENT CONTINENTAL-ILLINOIS
NATIONAL BANK flt TRUST CO.
CHICAGO. ILLINOIS
W E DO OUR PART
CHARLES H. DEPPE
VICE PRESIDENT FIFTH THIRD UNION TRUST CO.
CINCINNATI, OHIO
H E N R Y A. T H E i S
VICE PRESIDENT GUARANTY TRUST CO.
NEW YORK. N. Y.
22 EAST 4 0 T H STREET
P A U L S. D I C K
PRESIDENT UNITED STATES NATIONAL BANK
PORTLAND. OREGON
WILLIAM C
NEW YORK, N. Y.
P. B. D O T Y
PRESIDENT FIRST NATIONAL BANK
BEAUMONT. TEXAS
TOMPKINS
ST. LOUIS. MISSOURI
G E O R G E O. V A S S
VICE PRESIDENT RIG6S NATIONAL BANK
WASHINGTON. D. C.
J . R. G E I S
PRESIDENT FARMERS NATIONAL BANK
SALINA. KANSAS
O. H O W A R D W O L F E
CASHIER PHILADELPHIA NATIONAL BANK
PHILADELPHIA, PENNSYLVANIA
A . P. G I A N N I N I
CHAIRMAN OF BOARD BANK OF AMERICA N. T. & S. A.
SAN FRANCISCO, CALIFORNIA
F R A N K W . S I M M O N D S , SECRETARY
22 EAST 40TH STREET
NEW YORK. N. Y.
W. C. G O R D O N
PRESIDENT FARMERS SAVINGS BANK
MARSHALL. MISSOURI
T H O M A S B. P A T O N , kSST SECRETARY
22 EAST 40TH STREET
NEW YORK, N. Y.
<\
. ,^e?~-
f^j^^^o,
^L_^—4_
j
Ao
ykc^
JLZ~*
JL^^.
IT .
t-A-7¥«- J ^ ^
owl ^C^tc^fc^,
—h~
r—~s/{
o~JJL
~f-~->*
CL_^^3LA.
/2^3L_M^CL-
^ o yr^-^
yf^-^c^a
\A-~&
^ " >
~£
s*~^*^
.
R O N A L D R A N S O M , CHAIRMAN
EXECUTIVE VICE PRESIDENT FULTON NATIONAL BANK
ATLANTA. GEORGIA
O R V A L W. A D A M S
VICE PRESIDENT UTAH STATE NATIONAL BANK
X L A K E CITY. UTAH
THE BANKING CODE COMMITTEE
ESTABLISHED UNDER T H E CODE OF FAIR COMPETITION
FOR BANKS AS A PLANNING AND FAIR PRACTICE AGENCY
AND TO COOPERATE WITH THE ADMINISTRATOR IN THE
ADMINISTRATION AND ENFORCEMENT OF THE CODE
W. ALLENDOERFER
RESIDENT FIRST NATIONAL BANK
^ A S CITY. MISSOURI
l_. A. A N D R E W
^-E PRESIDENT FIRST STATE BANK
PLETON. IOWA
( L I P A. B E N S O N
RESIDENT DIME SAVINGS BANK
BROOKLYN. NEW YORK
ROBERT M. HANES
PRESIDENT WACHOVIA BANK & TRUST CO.
WINSTON-SALEM. NORTH CAROLINA
P D. H O U S T O N
CHAIRMAN OF BOARD AMERICAN NATIONAL BANK
NASHVILLE. TENNESSEE
PERCY H J O H N S T O N
PRESIDENT CHEMICAL BANK & TRUST CO.
NEW YORK. N. Y.
W A. K E N N E D Y
PRESIDENT FIRST NATIONAL BANK
POMONA, CALIFORNIA
T H O M A S B. M C A D A M 3
PRESIDENT UNION TRUST COMPANY
BALTIMORE, MARYLAND
E. J . B O W M A N
PRESIDENT DALY BANK & TRUST CO.
ANACONDA, MONTANA
3
BENJAMIN J. BUTTENWIESER
PARTNER. KUHN. LOEB Sc CO.
NEW YORK. N, Y,
J O H N B. B Y R N E
PRESIDENT HARTFORD-CONNECTICUT TRUST CO.
HARTFORD. CONNECTICUT
W E DO OUR PART
CHARLES H. DEPPE
VICE PRESIDENT FIFTH THIRD UNION TRUST CO.
CINCINNATI, OHIO
22 EAST 40TH STREET
P A U L S. D I C K
PRESIDENT UNITED STATES NATIONAL BANK
PORTLAND. OREGON
ABNER J. STILWELL
VICE PRESIDENT CONTINENTAL-ILLINOIS
NATIONAL BANK & TRUST CO.
CHICAGO. ILLINOIS
H E N R Y A. T H E I S
VICE PRESIDENT GUARANTY TRUST CO.
NEW YORK. N. Y.
WILLIAM C TOMPKINS
AUDITOR FIRST NATIONAL BANK
ST. LOUIS. MISSOURI.
NEW YORK, N. Y.
P. B. D O T Y
PRESIDENT FIRST NATIONAL BANK
BEAUMONT. TEXAS
C H A R L E S E. S P E N C E R . JR.
VICE PRESIDENT FIRST NATIONAL BANK
BOSTON. MASSACHUSETTS
G E O R G E O. V A S S
VICE PRESIDENT RIGGS NATIONAL BANK
WASHINGTON. D..C.
J . R. G E I S
PRESIDENT FARMERS NATIONAL BANK
SALINA, KANSAS
O. H O W A R D W O L F E
CASHIER PHILADELPHIA NATIONAL BANK
PHILADELPHIA, PENNSYLVANIA
A . P. G I A N N I N I
CHAIRMAN OF BOARD BANK OF AMERICA N. T. & S. A.
SAN FRANCISCO. CALIFORNIA
F R A N K W . S I M M O N D S , SECRETARY
22 EAST 40TH STREET
NEW YORK. N. Y.
W. C. G O R D O N
PRESIDENT FARMERS SAVINGS BANK
MARSHALL, MISSOURI
T H O M A S B. P A T O N , ASST SECRETARY
22 EAST 40TH STREET
NEW YORK, N. Y.
A*-~^
/2-AJL-
J^ ^4~~ 5^^—-^
</**
-^^C-t.'
7~
yt^-^.
J^r
f 7~
II
*
/1A
^ A^i^^-
^""^/-X.
i^s-r^L.
^fa -£*-*—^^ ^ ^ -^—-^
:^C 9W- A - ' / ^ ^ 'J%^
^TT-* y°^
-^-*—^ *>L ~^^_
~*^\
y^u
^
^—^
R O N A L D R A N S O M . CHAIRMAN
EXECUTIVE VICE PRESIDENT FULTON NATIONAL BANK
ATLANTA. GEORGIA
O R V A L VV. A D A M S
VICE PRESIDENT UTAH STATE NATIONAL BANK
^
" \ L A K E CITY. UTAH
P D. H O U S T O N
CHAIRMAN OF BOARD AMERICAN NATIONAL BANK
NASHVILLE. TENNESSEE
ESTABLISHED UNDER THE CODE OP PAIR COMPETITION
FOR BANKS AS A PLANNING AND FAIR PRACTICE AGENCY
AND TO COOPERATE WITH THE ADMINISTRATOR IN THE
ADMINISTRATION AND ENFORCEMENT OF THE CODE
W. ALLENDOERFER
JESIDENT FIRST NATIONAL BANK
y A S CITY. MISSOURI
:
\
ROBERT M. HANES
PRESIDENT WACHOVIA BANK 8. TRUST CO.
WINSTON-SALEM, NORTH CAROLINA
THE BANKING CODE COMMITTEE
L. A. A N D R E W
^•E PRESIDENT FIRST STATE BANK
°LETON, IOWA
PERCY H J O H N S T O N
PRESIDENT CHEMICAL BANK & TRUST CO.
NEW YORK. N. Y.
W A. K E N N E D Y
PRESIDENT FIRST NATIONAL BANK
POMONA. CALIFORNIA
, L I P A. B E N S O N
^.ESIDENT DIME SAVINGS BANK
BROOKLYN. NEW YORK
T H O M A S B. M c A D A M S
PRESIDENT UNION TRUST COMPANY
BALTIMORE, MARYLAND
E. J . B O W M A N
PRESIDENT DALY BANK 8c TRUST CO.
ANACONDA. MONTANA
C H A R L E S E. S P E N C E R . JR.
VICE PRESIDENT FIRST NATIONAL BANK
BOSTON. MASSACHUSETTS
BENJAMIN J. BUTTENWIESER
PARTNER, KUHN, LOEB B> CO.
NEW YORK, N, Y,
J O H N B. B Y R N E
PRESIDENT HARTFORD-CONNECTICUT TRUST CO.
HARTFORD. CONNECTICUT
ABNER J. STILWELL
VICE PRESIDENT CONTINENTAL-ILLINOIS
NATIONAL BANK ft TRUST CO.
CHICAGO. ILLINOIS
W E DO OUR PART
CHARLES H. DEPPE
VICE PRESIDENT FIFTH THIRD UNION TRUST CO.
CINCINNATI. OHIO
22 EAST 40 TH STREET
NEW YORK. N. Y.
P A U L S. D I C K
PRESIDENT UNITED STATES NATIONAL BANK
PORTLAND. OREGON
P. B. D O T Y
PRESIDENT FIRST NATIONAL BANK
BEAUMONT. TEXAS
H E N R Y A. T H E I S
VICE PRESIDENT GUARANTY TRUST CO.
NEW YORK. N. Y.
(h
WILLIAM C TOMPKINS
AUDITOR FIRST NATIONAL BANK
ST. LOUIS. MISSOURI
G E O R G E O. V A S S
VICE PRESIDENT RIGGS NATIONAL BANK
WASHINGTON. D. C.
O. H O W A R D W O L F E
CASHIER PHILADELPHIA NATIONAL BANK
PHILADELPHIA. PENNSYLVANIA
J . R. G E I S
PRESIDENT FARMERS NATIONAL BANK
SALINA, KANSAS
A . P. G I A N N I N I
CHAIRMAN OF BOARD BANK OF AMERICA N. T. & 3. ASAN FRANCISCO. CALIFORNIA
F R A N K W . S J M M O N D S . SECRETARY
22 EAST 40TH STREET
NEW YORK. N. Y.
W . C. G O R D O N
PRESIDENT FARMERS SAVINGS BANK
MARSHALL. MISSOURI
NEW YORK. N. Y.
yy\\
f^~f^-^_ <Zyx*~^v -^^^"A
C^jr^^
yf-7^tA^
9
-y~^-~-~~ _X«-^^
^F^K
7^
^y
A-4JL.
^Z-O
~x^*~,
4, -^ir-^Xx^ ^j
u
rf,
\
CK-
$x«^
S
T?
A^-^
WOLFE, 0. Howard
Mar ^h M5S
Hami* Hr* f o l f a t
Ifair that tha apviag H&a ^«# 1 aaam* that yom mid your nifa mmfeaok£ran
fl©jgti% aai 1 MI tfcarafoira taklmg tha .llborty of atifctflg M I mm qaaatloaa about
yomr aat&vltlaa In tha oarly iaya of tha Fotexil IbraarM %s*aa*
1 find la tha ianfe llbrazy h « * to la* Task Atanr* Jayf a oopsy of tha eo»~
fldaatlal roport to tha Baaart* 1®* Oigaalaatlaa $dattlttaa by tha pfttliatmigr €i**
mittaa ott 0s$a&laatia«^ of ablah yom vara a m^ber undar tha cfaaltftMabip of Paxkar
VOlla* & i s oopy ia nai*#d Jttsabar 2#
fiat that raport t » »«oraiiia tiled with tha Ctagaiilaatio& towdi^a ara
ltaiad* *ona of <Iaraesgr % IS&i * i * daele vith the reaerta affiliations of a l l hmkm
i a tha unit %et*a* and tha other a aenoxandaa on attaa for tetania lanfet and the •
11*1 ta of dlatrlata* including a detailed atatlatleal ami geogmphleal aaaJ^ala*
thle aaa atfftitted to tha Oxgatftlsfttlcffi (kndttee mrif la Mfcreh of 1914*
I voader Iff. ia tha aaiferial yon brought from fhlla*!al$ihi*f yea haao foawt
althar of m#§# mnaraifeda* they prohaMy a»a la tha Board la Ifeahiacto** but i f yoti
flad axtam eeplea* ve walft b# dali^htad to gae the**
Jlao 1 hope that ee*e day yom nay find I t poaaihla to t i t dow anil vxlta
a^airthiag that yo*i OMI vMMMBar eoneefnliig your aoxfc on that prelSitimry CtamlttM
om (tagaalaatlea* lorn aa% 1 as s t i l l tigriag to paraaada you to do your ova *eRolre#
% m m gimMiigs to your alf* aa nail aa to yoraaa&t*
Oatilially jomttg
Iftldvad Jdaoa
Kr« :©-» lomri Wolfa
iilfotd..
ItaM^laaoia
WOLFE, 0 . Howard
Sfe&enbw 17* 1954
$ear ! r # Wolfa*
Witt. * guilty $jre* I reritiii your l a t t e r of fcwatoisF If th and
realise that I 'have not yet eongrat&latedi you on getting yomr papere out
of the IMIiiiei§ttia flational Beak mad ba#k "to- Miltori* I t araet be HOI*"ierful to h&re thefe'idth yom a,gai% and. 1 only wish yon were going to bo
ategrlag i s Xfflford a l l ulaier so= that yo& ooold ha*e the fttn of going
fea#: tftrough £h«au SteziuEpa when yom retara from Florida i s the spring,
yon will hB reefy -to do that v^tj thing*
I t m a most Mud of yoa to $#nd a t a eopy of your leetttrae on
bonking legialatlea which were delivered in 1934* *»d I to appreciate
the iJtaerljt&eii* fe Hill value i t in mr llbraxy*
In your letter ; of Beeeabar l5th f 1 tote' that yom find eerr***
^puititot with Hr* 0elatta and a pereonal l e t t e r ftrcse Senator Slaw*
fioth of tbesBi smm&, highly latereetlng* and 1 voiild certainly like to tee
the®*.
V* n i l l note your lloride eddreaa m i envy yoor g^lmg to that
ansngr aamtb« ' t i l l yom give ay m m e a t siahaii for a happgr Cfcrietaae to
yomr i&fa end to yonraelf*
Cbrdtally youra*
Mildred Adatte
Wr* -0* Somad «olf e
214 Ann, Street
KUfeitf* fika. titagetgr
Feasiayliwila
RECEIVED;
O.
H O W AR D WOLFE
2 1 4 A N N STREET
MILFORD • PIKE C O . - P E N N A .
, . ifjf i
*)EC I 'i w*
4
OMMiHEE ON K HE HISTORY
/l^Vi>«^v-y "
"
7
sy^r^jL. ^
J^^t^vt
.
A
/f\TlsCs /-T"~ 'f^Y*
/
+~* y—
^Jr~- J^=Z^
_^czz^ JjuJiw- ^~y-+.,
" ^ ^
A
^
^^X^
- - - ' -**•—
^
ORGANIZED
1803
liklE<Rtj|llllA'B)&URMll'A\NtoiaN^U,B!A^i
PHILADEIiPHIA-1, PA.
November 19, 1954
Miss Mildred Adams, Eesearch Director
Committee on the History of the Federal Reserve System
33 Liberty Street, New York 4-5, N. I.
Dear Miss Adamss
Here I am again, and after much effort and inhalation of twenty-fiveyear old dust, I have separated a handful of wheat from several barrels of chaff,
I have done this because in your letter you have expressed a wish to look over the
material at the bank. However, tomorrow I shall call with my car at the front door
and two husky floormen will load it in the trunk and it will be available for you
at Milford any time before Christmas or after April* I do not expect to take it
with, me to Florida.
I think you will find very little of interest except copies of many,
many addresses I made, which are exactly similar to the same kind of effusion of
which I was guilty before the Federal Reserve Act was written, and in all due modesty
I think I can say that I stirred up enough agitation pro and con to have had considerable effect upon certain sections of the Federal Reserve Act.
This brings me to a question of the line you will follow in preparing
the History. I would like nothing better than to write an introduction, and, if it
meets with your approval, may at my leisure sketch what I think ought to be said
about the History and perhaps in a way forecast what the intention of your Committee
is. What is apt to happen, for example, in a book of the kind we are talking about
is that the author or authors (to paraphrase an old quotation) may get lost in the
forest while looking for trees. This is a pretty clumsy way to express the thought
I have in mind, but I am sure you understand what I mean.
We expect to be in Milford "until Christmas, and if you think you
could get to see us within that time, please let me know so that I can try to have
the material ready.
With kind regards from Mrs. Wolfe and myself, I am
Sincerely yours,
OHW:US
-f^%
^
S
P.S. As before, I am taking advantage of my highly efficient and good-natured exsecretary, who will transcribe this letter at her leisure (if any) and send it on
to you without my signature.
O.H.W.
(The above-mentioned secretary takes this opportunity to say how delighted
she is again to do some work for a wonderful boss! It brings back old times1.)
WOLFE, 0« Howard
Roiraftfear XZ$ If 54
&aar ii% t a l i s
I was dalightad to tear that* os loolcl&g into t i t old au*tarial
In 'tba FMlatelpMa Ratiaaal Baalc* you1 clici find vhat my California gold*
miming aaaaatora voatld m i l *pay dirt* * Sofhiag voald plaaaa «e battar
tba& to go straight off and #«# vh&t i s tbara, tot at tha »$aaat* I mm
tiad to othgr things* Bo yom sap$K>aa that ti&a Philadalphla Rational
Bank aould give t h i s raluahla watarlal hoaaarooft & l i t t l a toogar? Va
will xsuka a r^eoM of tha fact that I t sxiata ther'a sni will top® to
w r t out sons way of getting into It*
11.11 -yom forgive m if I rajolca that your valualaila paat Ms
o&utfht ap with yon?
My vara g r » tings- to your vife (mi yonraalf
Cordially yomrs
Mlldrad Mams
Mr* 0* Howard Volfa
214 Ann Straat
Hllford, Paaaasylvaaia
ORO^STIZBSS
1803
Tji^E^H^L^D&URHl^NA^lGN
H l i : ' * 0 ivD4
PHILADEI.PHiS^M!^RVE SYSTEM
November 9, 1954
Miss Mildred Adams, Research Director
Committee on Federal Reserve History
Federal Reserve Bank of New York
33 Liberty Street, Hew York U59 N. Y.
Dear Miss Adams:
The last letter you wrote to me (which I do not have before me as I write) has provoked me into going back to The Philadelphia
National Bank, where to my horror I find they have eight filing boxes
filled with all sorts of letters, reports, criticisms, etc., having to
do with, the early days of the Federal Reserve System. As you, of course,
have learned by this time in your research work, the payment of interest
on deposits, the effect of Regulation Q, and the FDIC Amendment to the
Federal Reserve Act, caused most of this difference of opinion and controversy to which I have referred.
Now then. I do not have the courage to go through the
entire lot of this material, but it occurred to me that your Committee
might like to check it for such bits of information as may be useful to
you. I had no idea until I started to dig through this stuff how true was
your statement that I "obviously wrote much and incisively". It is a
painful admission for me to make.
I shall be going back to Milford tomorrow, and if you will
write me there I can instruct the file clerks in The Philadelphia National
Bank whether to destroy this voluminous data or not.
With kind regards, I am
Sincerely yours,
0. Howard Wolfe
u
P.3. You have no idea what a pleasure it is to me to dictate this letter
to the secretary who served me so patiently and faithfully during the compilation of those reams and reams of words.
O.H.W.
Oototer M^ 1994
Itesr Hr# i # X f t t
I t uoo kind of yon to sunt MJ§ tho two lottoro wM^
o*ao in this iiotftlagir togothor vltfe tl» oltpplag #»m Tito i n « v
lean Soakor witinit t&ll onoULo no to oot your i*ooal otmlfftt*
I i » rotimiiac tMf amitoriol hormrttlt* togotfeor wltfa tho docna^
IMN&tO I bffOttgtlt ttfMflfc*
Your oogotlvo i s itt# Bottor of on 0» Sbwurd Wolfo
Mtftlogropby ooddotto no* tat I do «i#i*itsa# your d&fflo&tgr*
f* tan fUKribobly
pink up wan of tot «C#r«i«§ fro* imlo&Lool
gpldoo* tat 1#» toro n#f 11 mist mam of lt# At any imto f i f 11
#0 our b#§t#
Boot luult with os»* mm « # hoo# J&d ttaHtko to you
«m# itro* Volfo for ousiootitag osotlior t i o i t to your obiatttaf
feouoo ami towau Mmyfeo 1*11 bo l*c$y«
Cofdiolly ycmrfff
Mildbrod Jbtaao
ftoooorc&i Sirootor
Xr, 0* Buword Wolf*
MA ten fitoot
O. HOWARD W O L F E
2 1 4 A N N STREET
MILFORD - PIKE C O . - P E N N A .
-^^L^A-^is^
(/
*
^
s-i^^A^fi'
^r~~*~A^ ^~*>~4?~~*~»\
*TS^
Tt: ^o^fr^L ^^
z
^~ s^-*-
l¥
/JH?
^tvvC^
/ ^ ^ x
t*-*^^^
"TTfcjC^
^
^ ^ T*~*
oommn m m nxmn m *w wmmm* maam sisfw
IS U t o r t y fttaraat* V«ir fork 45* l w fork
Qototnir 15# If54
Sour Mr* Volfti
& tha attdat of taarleaaa iraralaga inty 1 §#t dom ay
tiiriUS mmm of g » t l t o d a to yon far yarn* Idtafoaaa aad your aid*'
I hope I aada i t plain to you aad Ufa* lolfo how aaoh I m i '
aajoytag yoorf tmmm
$ T*w* bosfitaIi% t and yew XoroXy ooaatayaida* ffb« yt»tfw la* of ootxrMf $£ara&«) At tha M M t i n t 1
alto t u t to aaka #mro tltat yoa kaow how w i y aaoh thla pxo^eot
h&a baaafitad froa tha lafortotioa 'anil tha aaaorlaa vtdcth yaa
OMtrllBttad io g§a#rom§ly# I t i s & groat idwataga to to *lft*
to talk with ono who m s ttoro whaa tho F#i#raX Baaarta %ata»
ims toaiiig p i t togathor* four afclXl i s weighing foroaa aad wddUtf
jHtiraaftHtiM aosa mXiir# i s part of tha #§s#ao# of t i e thing w#
I i# M a t to ra$*at ay hopa that yom will b# aovod to
put togathar a MMioiprnftty of tha vrltlaga of §# ftamrd Haifa
os Fadaral HaMrta ami b^kiiig Mttara* t t o toak library h#ra
la Sow fork hut only a four amtriaa mini* your aaaa 4 yat yoa
otrrlaaaly vrata Jfra$aaatly aad iaioi§iir#Xy m th#i# aaitara* t o
waald wry M4£b Ilka A Xlatiag of yoar tltXaa with thair pl&ooi
aad dataa of ptMioatios* If 1 ootild fortusdo yoa to root *rouad
tti oompila i t for mi C«s4 for yomr graadc^ldraa) » I votiLd tr#m§iir#
aaeh a l i f t aa part of our w&aafala raaaardh mmvmw*,
MaMwhlXa-j ham**** thla additional raigoaat i t aMat
only to m&arliaa m£ oaf&iaalM haa-aacfth aid yaa tova a i r t i i y
raadarad «a aad how |MtoftX wo ara* % n i n gxaatlaga to your
alfa*
fary aiaoaraly yoara*
Mlldrad Adnata
BaaMrah Sirootor
f ,8*
1 will §#o that tha two doawomtg JPOU loaaad m# ara rtiuxmtd
today If fOitiMo «* if mot# ttoa aarly la tha wtok*
Mr« Q* lo^ord Wolf a
214 tern S t r a i t
HlXfori^ Fanuyliraala
WOLFE, 0 . Howard
MISC. 3 4
<
'MISC. 34.3-60M-2-52)
COPY OF TELEGRAM
^ F E D E R A L RESERVE BANK
OF NEW YORK
SRT
2
SENT EY
S E N D T O FILES
Miss Adam*
3
Gorc. rm rH^T/v-^ of Fad- ?Aa> Sy*?t«E
1 0 / 1'54
3
Mr. 0 . Howard Volfe
Peupack
Penn^rlTBnie
W
r
r i v i n g by t r a i " Port, J e r v i u 11:40 &•&• Tnurffday, rOctob«* K . Assume
you csn conveniently meet ne t i e r e . Unfortunately •
re
^ork evening. Please wire tie c o l l e c t your c o n f i r s a t l o a ,
Klldred Adams
% WEST
•X U N I O N
•
faUugy^
..^ni n ' T U ^ I i W ^ A y n a
<fw
W. P. MARGHALL, PRESIDENT
and day letters is S T A N D A R D T I M E at point of origin.
SYMBOLS
DL=Day Letter
FX-1201
NL = Night Letter
LT= Int'I Letter Telegram
VLT=Int'l Victory Ltr.
*M^
//^"*5
Time of r e c e i p t s STAND.* R D T I M E at point of destination
.SCA0&3 'SW'&DW
f\&ofi{\ P^"7
MILDtf£B
ADAMS '
CD NYK OCT 12 1 9 3 4
^
. / ^ u / j t ^
FEDERAL RESERVE BANK NEW YORK
YOUR TELEGRAM (RQ18) OCT 11TH TO MR 0 HOWARD WOLFE PAUPACK PENN
UNDELIVERED ADDRESSEE HAS FAILED TO ANSWER PHONE
SINCE RECEIVED
WESTERN UNION TEL: CO
HAN 2-2920 EXT 3.1
T H E COMPANY WILL APPRECIATE SUGGESTIONS FROM ITS PATRONS CONCERNING ITS SERVICE
GQtNcnxB 01 fit mmom m m% mam* nam* m$fm
October iH 1954
Dear Mr* felftf
l i w Adas&s plant to return to the office on Monday, October
eleventh*
I shall l e t you toaov tmedl&t&ly what her plant
for zoning to Hilford are*
$hasik: you eo such for yoarr#atience In a l l tfanae atriiiigcmmta*
Si»e#t*#lyf
, ~i,
"'
\
"\
" V"
SUen C# Singer
Kr* 0 . Bbuard Wolfe
Ptaa^lvaiit*
<?
O. H O W A R D W O L F E
2 1 4 A N N STREET
M I L F O R D - PIKE C O . - P E N N A .
z^v\
j^A
ZJ
^%^—
6^-J^^r^ -n*^-^
^L
-w^
^C^y
OONKZTTSI 1©
mam
TM
nsfoir
OP TM FEDERAL mmm
stsfw
§#pt«bar 22* If 14
Daar Mr* Wolfat
Miaa Ada&s had unfortunately left on her vacation bafora
your latter arrived*
She will not be back in tha offlaa nfttil
Mondayf the 11 th of Oetobar*
1 knov she vill apprtcimtt vtiy
much your kind offer of hospitality for tha aight of tha
14th but aha has an aarly appointment on thm morning of tha
15th and 1 doubt that sha -will b« able to stay ov#r#
Would it be possible for you to reserve the fourtaanth
for har?
Sha will arrive in tha morning and leave lata in
tha afternoon*
1 will lat you knov tha emet time of liar
arrlv&l whtm aha raturna fro© vacation on tha 11 th* Maamihile
vould you lit ma 3c ^ow if you vill .be free during tha day on
tha Hth?
Sha ia looking fomsrd to har talk vith you mi
suiting you and M M * Wolf a*
Slncaraly,
Raaaaroh Aaaldtant
Mr. 0* Hovard Wolfa
JPaupack
?©nmgylvania
to
O. HOWARD WOLFE
2 1 4 A N N STREET
MILFORD - PIKE CO. - P E N N A .
^^
-jL^^-. /h^tz^i
^-MXZZ^ .^^stzz.
/?
C - / ^ ~^-^>-t-t~
a
-*V*\
/J^L * p~r*^f ^nr^p^ A^yvt^ Vn^^
V
yc^£*z c V r C /Vc
* ~(3r>*^ r&
lrc
1
CL^
~yt^*
/^^-&-
rCJy.
y^^x / ^ A x - 4 ^ ^
/if
/ y ^ / ^ i r -<^K—^^
-^-^ "**-*-
^^^AJL
A^-r-^
WOLFE, 0 . Howard
0OMHnsEK 01 fit mmm of IBS mmmx* BXSSEVS a s m
I I i i i t s i i f • $ t e w t | l w fork 45* Rev Tos*
feiepliefeet t3#tor 2<»5900» Sxie&eiofc BS4
t t p t ^ t e r l € | 1#§4
Beer Mr* Volffct
I t i t HOV the middle of Jtepte&ber* and you will be leafing
t&e eool ?oeonos fcir Milford> aM tbeaa for Florida* ft$aiudfciXe* no
v i s i t fro© the fUN$e&3r4h Director of t&ie Ccm&ttee* far i&ieh X&pee
my i.##p apologias* I t feee fceea & difficult and bwey ammwr*
t t looks nov as though i t wcnila be tbo middle of October
before 1 tm hope to bo co&iag your my* Shell jrou b# beck in
Mil ford tbe veek of Oetober 11th? And migM i&urgday the 14th
l>e eoswe&lent? That i# al&eet a aontfe awty^ but 1 bave a long
deforced f&eatiots coning up whicb will f i l l part of the iateri&»
Tha&k yoo $o much for your patience ill thin* 1 do hope
the foel*oa$> eheete of aotea ere iaereeaiag rapidly#
Very sincerely your*$
Mildred Adoe*
ieaeareh Bireotor
«r* 0# Sowrd ffelfe
WOLFE, 0. H(oward)
August 4 , 1954
t e a r Kr* ¥ol£s*
I i o t bt,er fro* thft heat of the Hiddle Vest to find your
kiau l e t t e r of Jaly ZStaA living M d e t a i l s of the %ay to cose to
tit* cool Foconoe. I t v»l most kiacl of ycu to send time t a b l e s end
to sketch routes. I t looks now M though I ftight be able to cose
l a t e l a August or early in September* I will send wore shoM vhoa
»y plans are BOM d«fl&it#. HooMnfallo do go ahead v l t h making r o t e s
on foolscap *wA c o l l e c t log papers. The sore of t h i s \*e can h a r t the
e a s i e r i>e ultimate task will be. I shall "be looklfif forward to
seeing you l a t e r U the sua»er.
Cordially yours,
Mildred Adams
S i w i w i i Director
£ r . 0 . Hovtrd Volfe
P&yp&elt
Pesmsylv^aia
O. HOWARD WOLFE
214 ANN STREET
MILFORD, PIKE COUNTY. PA.
/ £^*Jj^A*-
7^1^
^7
^IXL^I--^
jflf>
C^^
/
*~/^ • „
jb-~^
o z.
-^Vtr^ / £ - * - » W ^JK
_^GL »
-Ir**- "^
A*-<—*<. -*— ^~y^
j? / ^
-/-^ -^~ ^"^
^ '
/
"~^7 ^"~~~
_r/
-
mm,
0, lomrd
July 14> W54
Baar Itr. Ifolfe*
Thank* so tttteh for your kind l e t t e r of July 4tte offaring
on the jwH of youreelf and M«u Volfa to dntdrtaln
tvo of oar
H
people *t your hoiae in the Foeonoe* ttothing co al& geijuci nio#r
to laborer* in the canyoat of Vail Street and w# cic appreciate
yontr generon* tender of boepltallty, us ¥#11 as your vtlll&spefe
to talk about Federal Reserve si&tt#rs in tfee midst of tbe ^mfcaina*
Oefortsmately the ataff if small t and vaeatlott demand*
noka I t mailer* If ym don't aind agr eonlng by $yaelff when 1
g@i i»ek ftw» visiting Federal Seaerve Bisks In St* Lomii and
Chleago, 1 oonld peifeeps Mke a dayf a t r i p of I t by taking e
train to Stroadsbtirg or fort J#rfis unci then driving to Paapaek*
Or perlkape yen eomld miggeat Bimplm vaye of getting ihwn* 2
ian4#r#tesd there i s t lew forte baa to Mil ford* which amy b# an
eaeier and qoieker route*
I s any eve&t 1 sball be hoptug to crae oat hj os# gode
of transport or another before the end of Angnst* I t v i l l fen a
great pleaeare to be- able to dieeaae with yon Federal R#§#rf#
s e t t e r s in uhleh you pleyed an laportant part*
Thank yoa m§min for your ldLnimeaa«
Tery eineerely years*
Mildred Aden*
Beeeareb Slraetor
Sr* 0* Bovard Dolfe
214 ASH Street
Paitpeefc* fmmB^lmmim
"p^wtt^c^
O. H O W A R D W O L F E
214 A N N STREET
MILFORD. PIKE COUNTY, PA*
<USL
JcXL^-f*^
V
sf^Jr^
yoT~
ZJ^Z^^fr^
^ y&U ^A j > ^ —
SJU^ — £ _ r " ^ 7 ^
l ^
July 1 # 1954
Bear lr» Volfe*
Mr. Sail Carpenter of the Federal SBB^TWB Beard ban suggested
that because you were m f&pvlsg figure in the orgeat tsatios of the Federal
Beeerve gyntait you would bit interested to know about the work of tliis
Consdttee* We have teen operatl&g siae© Jaxuiary on a project to locate
.people who had to do %fittt the e&rly lays of the Federal Reserve* to find
out Aether they had dlariee* eorreaponde&ce, or any csollTOtiom of papere
hearing on the early daye9 and to talk with them about their meaorieit of
itose day©* The ultimate aim XB$ as the Committee1 e nase indicate** to
thud more light on the history of the System
Vhesa Mr* C&rpaater first gave us your Base he psii yam were
still in Florida, but would be back iff Pennsylvania /with the warm weather*
1 am wo&tiering Aether yam ever come to Hew lark*' or if aot# whether it
nsight be possible to see you in Hilford latsr in the sursmer* tfe are eager
to aid whatever yeeollsetioms you cam give us to the valuable list of
material wfaieih ws are gathering.*
flitmktog you for your courteej and your as&lataaee in thia*
I aaa
Very aiucerely yours*
Mildred Mmm
Research Director
Mr. 0* Howard tfolfe
214 Ann Street
Htlfonin Femiaylvauia
WOLFE, 0* Eamrd
3t$ 3^154
B§mr if* GtaqmrtMnrt
tltaaks m wmA € « y#w iMrttar «f
9tinmxf
ifttt «itti tha trfe&aal&o& abawt Mr*
VMUW*
1 itelX bapa ta gat 2» tmaAt aife
hiss IAMK i « aan*a bade ttm ihm Ifemttw
IBJtAraA
•aatvtaigr
I«a## #f §0mmmm m£
WOOD, R . E .
V
Sears, Roebuck and Co.
Executive Offices
Chicago 7
R.E.WOOD
CHAIRMAN, FINANCE COMMITTEE
ECEIVE
April 12, 1955
APR 14 158
mtmmm m tm mmmm
OF TM£
^mmm mmm $mtm
Mr. Donald B* Woodward,
Secretary,
Committee On the History of the
Federal Reserve System,
33 Liberty Street,
New York 45• Hew York*
Dear Mr* Woodward:
Your letter of April 4th to
General Wood has been received just after
he has left on a trip to Brazil, from which
he will not rettirn until the middle of May*
Your letter will be brought to his attention
when he is back in the office*
Very truly yours,
Secretary to R* S* Wood
¥OOLLSI, Clarence
PflLfTl SPRinGS, CflLIFORnifl
P.O.BOX TT
May? 1955
Miss Mildred Adams
Committee on the History of the
Federal Reserve System
33 Liberty Street* New York City
Dear Miss Adams:
I have your letter of April 29 and hasten to explain
that my age i s 92 and I am quite feeble.
I cancelled all of my old-time papers relating to
affairs that were desirable not to be mftde public
several years ago when I left New York to seek this mild
climate on the advice of doctors.
I do not expect to revisit New York or Washington
for sometime, but if I do, I will keep in mind a call
at your office as requested.
Very truly yours,
RECEIVED,
•^•j^h
Clarence M. Woollefr
iftY a 1958
OOMWTTEE on THE HSSTOEY
OFTME
WUOLLET, Clarence
April » * If 55
Soar fc# Vbollqy?
four kind latter of Mardh 24th o*ao to
sy atteatioa sft#r 1 rotoraod from tho mot* I t
uaa good of yom to r»~tell that taoldoat of tho
datfe'dtpi prectotftng th* hank holiday* and 1 an
wow Hint aaay othor aHtotioo of actual lapofftaaoo
tmtld oooar to you la oaa?aftaatloa*
% asalataat tali yen that 1 wra24 *wy
mmk Uko to dtoeaaa tho aarly dagrs of th» few
York ftisfe If aad*&hen you nor* haoit In thlo eli^r*
Ho nUl fee oaor to grateful if y#m «U1 let u*
kaoy ifoaa you find & 1 « fork, trip looadLag*
Aloot aa Mr* fiK**w$<i haa "Mitten you
la a rooaat I#tter# m mmM ho oaar oo glad %
kao* ifeothe? y:m had as^.papora that oonoaraod
your daya oa the hoard ifeifti would hm uaolttl la
oar* utmdy*
foflr aineoroly yoara*
llildrod Adama
Mr* €laj?oito# llacCUay
?• 0* Box f t
fafta BprlagOf Ih&tforaia
WGOLLEI, Clareney
*•©• B#H f t
P&2R Spring** Ceilforfde.
fie&r Hr» Woolltgrs
Xoa? l e t t e r of Unroll 24th #rrif #i Jm-ft after Minn Ada&e
l e f t on e two^irmk tesin#ss trip* 1 steal! taring i t to her
attention ufoest aha retitr&e* She will be most. interested tn your
e&cnry of the dasic day a preceding the Batik Holiday*
If there i s at^y possibility that you trill fee i s Star lork^
1 ta»w fUee Adaae would like trery seecb to di&eom with yoa
the early yeere of the Sew Toxfc Bank*
Tory ei&eerely yonre*
ife§* Singiiir
Keeeerdb Aeeleteut
¥OOLLEY, Clarence
PflLm SPRinGS, CflLIFORnifl
p
-°-BOXJ.,I
*» , rc w
Miss Mildred Adams
Committe on the History of the
Federal Reserve System
33 Liberty Street
New York City
Dear Miss Adams:
r- « I t a e l f ^4 1955
'*"* *"a * fa *""' **"
p?\|j o 5 vV^
mnnmz on THE HISTORY
^-.^w, < ^ , ^ -
I have your letter of March 15 and am glad to know that yon
are preparing tke history of the Bank witk which I was associated
for the first fifteen years of its early days.
I have one incident that will perhaps he of interest which in
itself did not seem to he of any great interest at the time hut
national developments seem to give it historical importance.
It concerns an incident in connection with the Director %
meeting occuring in the early days following the first indication
of the then coming dark possibilities of coming panic and
depression* The Board had heen in session late -em -afternoon to
consider a plan suggested fey Mr, Sproul and others which might
forestall troubles then gathering,
The first evidence of a coming panic was a daily .increase of
requests from a Cleveland Bank for gold in exchange for currency*
It WEB decided to make an effort to forestall this destructive development by closing the hanks for a few days^following the advice
mentioned r a, part of the plan was to request Mr* Herbert Hoover,
the retiring President* to see his. successor to try to obtain
Mr, Roosevelt's consent to colaborate with the plan* Our Board
was held together during the evening hours and during the night until
2 o1 clock in the morning when we had a message from Mr* Hoover
that he had conferred with Pres* Roosevelt who declined to co-operate and then followed not ftniy the panic but eight years or more of
depression*- This was especially true where I was associated where
building operations ''were the. principal activities. The volume of
home-building declined steadily until it was only 3% of normal or
97% of shrinkage in that activity had occurred and did not revive
for many years*
The Board on receiving the sews from Mr* Hoover was
terribly dissappisinted and the meeting adjourned with sad hearts
and fe&rful anticipation*
¥oolley, Clarence Mott
Xtorah I5 f i f 55
Star Mr» Ifaa&Ugrt
1 as s i t i n g nt tha pigg^stloii of Mr*
whto has adfcad *a to ht*ing % yottr
attwt&asa the hiatoxy pfojaa& mm ahidh, vm ara mm
aggagad and to aaafe; yaw ooapax&tiaa for i t *
J S 2 M %KTOU!
the project » i atartad to tha hallaf
that the tftaa had COR* for a nmr look at tha long
aoaraa of ffedaral Basarm hiatazy* "too aaay of
tha aaa nho oraatad the 8jy«ta» ^#r# ao laagar
awallUbXa to t a l l hlatorlana nfcet really lu&ppa&ad
om di##mttd pcdiita* Bfatt minir papara nara dia*
p#»ad aod to aartaln laatanaaa daatroyad* Ba*
fofa tha lof Hits souatad htghar* i t aaa fait that
a . m l effort should ha sada to wioftt Mrorlaa
tad laaata .aarra^povideaaa aad oiter papaya that
night h# of walua to-tha hlatorlasu
About a yaar ago tha staff aaaaahlad hy
this; §c«l%t#% with tha mid of a aoall grantffom-th# ic^afallar Ifeiaidatlofti b*£ua,ta lata?*
.ala* .paapXa'
nho had playad as tagratrtaftt fart la
,tha %>ataata foaadatiem and' dawataqawiit* aad to
laaata and aatalogua lafoxnatloa -and mtaarlal
whl*'sight b# m i s h i t 'to tha t&atortasi*
tha pilot projaat wis ao aaeeaaaftfl
that in Jaaa tha Ibokafallar l^raidatlaa rnda
aa
9
a fiira-*yaar grant to furthar tha Oofnlttaa a aorfc*
W® hawatoeanjfalaaa Jmlyt X954t .aaxfclag with tha
aaaanu&aa teat wa had ttm# in nfeiek ta aoatlBssa
tha progiw of aallaating iMwoxiaaaad papaara
f m tha mm aha hawa mda tha Syttani ahat I t is*
If mm- reoard* art ^orreti* you were a
director #f the Federal Reserve Baste of loir Xaxlt
fton If22 until If 2% this, SMS&S that you were
astlte 1t&er# In the letter years of Bea|enin
Strong ! Hfetlate* and «ouSd be able to t e l l lit
not only about the then rtlattonitllip between the
Baste end the t#AnmX Kesertre 'Board* kit also
about the dealings whleh ttr* Strong had with tu*
ropoasft eentval bastes*
Xhls flws^year porlod in the 1920** 1%
of mwtm$' **it? interesting flow the paint of
ti#w of anyone woxlt&ng with tbe history of the
federal fieserfe %*t4A+ Ye art hoping* Ht#t*t**
fore* teat when you ocsie b a ^ to liew Xorte In the
oprlng you will oonaent to out or two interviews
on these setters* I t would b© of the greatest
help to get your point of wiew cm utrtaim dotails* and to know how certain tey ineldaats
locked from where you mm the**
If y§u tould l e t us tow when you e**
post to return to Sew Xorfc* we would like to put
thefts interviews 011 our schedule at a mosieat
whlsfc would hm convenient for you* thn Gsanlttee
la general* end Mr# Sproitl in particular f would
went *e to thank you for your Mud eoiitiitratiom
of this request*
f wy alnoeretfy fmm$
KUdrod Adans
Mr* Glarenee Hott Itoollcsr
0/0 jfcnerlean Bediater m$ Standard
Sanltaiiy 0o*ik*r*l4en
40 West JfiVx Street
Sew fork* S* X*
BRIGHT, Ross P i e r
CABLE:
REED
TELEPHONE
ERIE
2-3693
«EEI>
REED
MANUFACTURING
COMPANY
CdJLLel 1902
VISES
&
PIPE
TOOLS
P A U L D. W R I G H T , PRESIDENT
R O S S PIER W R I G H T , SEC.-TREAS.
ERIE
. P E N N S Y L V A H I A .
U.S.A.
._
C A M P B E L L W R I G H T , VICE PRES.
i V E E*
T H E R O N W . W R I G H T , VICE PRES.
A L L Y N S . W R I G H T . VICE PRES.
R I C H A R D W R I G H T , VICE PRES.
May 31, 1955
JJl-
% fCgK
OF
tim
^4m-^
Mr* Donald B* Woodward, Secretary,
Committee On The History Of The Federal Reserve System,
33 Liberty Street, Hew York, IS, lew Xork.
Bear Mr* Woodward:
1 have your letter of May 4th in regard to your interest 1 B the history
of the Federal Reserve System.
I am afraid I cannot be of much assistance to you* Tom speak of papers
in connection with the Federal Reserve Bank of Cleveland* Kiss Irene
Bagley is still with the bank at Cleveland and was there as Secretary to
the President of the Bank from the time the bank was organized. I am
sure she would be able to give you, first hand, reports on what had
happened at Cleveland, and in regard to the view point of most of the
former officers*
I went on the Board about a year after the bank had been organized to
replace a Director who had moved to California, and I remained on the
Board for 33 years* I retired when I reached the age of 75 years, on
the basis that if we asked our officers to retire at 65 the least the
Directors could do would be to retire at 75*
Of course the early history of the movement would have to come frost the
records of the Board at Washington* I think our contact was largely ohe
of opposition to most of their view joints* Our Cleveland Board
always believed in the regional bank theory, with a certain amount of
autonomy, whereas the board at Washington usually filtthat they were
perfectly competent to handle the matter themselves* However, we never
got into any serious arguments*
Of course there has a lot been written about the Federal Reserve System,
but I think your present endeavor is very much worth while, and I hope
you will have it finished in time so I can look it over* I am,
cerely yours,
KJWT*
Ross Pier Wright.
WYATT, Walter
April 26, 1956
Dear Mr* V>atti
I am delighted to learn from your letter of April 25th that you have
the contemporaneous notes taken by your wife during the banking holiday of 1933*
and I am wondering whether any plan could be worked out whereby this Committer
could help to make them available for use by offering to have them put into
typewritten form* They undoubtedly contribute a great deal in the way of in*
sight and information which is not available anywhere else* X can quite understand that you yourself have neither the tine nor the patience to transcribe
them, but I would certainly be inclined to recommend that the Committee pay
typing costs if you were willing to entrust thea to a typist*
Zou ask who is siting the history* and what kind of a history* The
Committee has had repeated disappointments in the matter of personnel* and the
latest occurred only this morning, so v* are still without that •definitive historian" on whom so many hopes have been set* At the same time we are making
progress in the commissioning of separate studies of various phases and aspects
of the history*
Dr. Elbert Kincaid of the UniverMty of Virginia did & selective inven*
tory of the Carter Glass papers* Dr. tester Chandler of Princeton is doing a
book on the central banking pattern as influenced by Benjamin Strong* Negotiations are under way for a legal history of the Federal Heserve Act* and for a
study of the evolving payments mechanism*
This is, as you see* a beginning* and we hope to go on from there with
more speed*
Xour offer to read manuscript or galley proofs of the eventual history
is r^ry kind* and very much appreciated* I hope we may avail ourselves of it
before too long*
Hee.m&ile* I hope you will consider favorably ray suggestion about let*
ting us pay for the transcribing of those valuable banking holiday notes* We do
want to be able to use them when the time comes.
Mr* Walter Wyatt
Supreme Court of the United States
Office
of the Reporter
Washington 25* D* C*
Very sincerely yours*
Mildred Adams
VYATT, Walter
j&ttprems iHtmtt of the JJnttei £>tatt&
(Office jjf the Jtepuriir
Pasijttt9tmt,p. (£.
April
Z5,
1956,
RECEIVED
APR 2 6 1956
Miss Mildred Adams,
Executive Director,
Committee on the History of
the Federal Reserve System,
33 Liberty Street,
New York 45, New York,
THE HISTORY
fEDERAL RESERVE SYSTEM
COMMITTEE ON
Dear Miss Adams:
Please pardon my seeming discourtesy in not acknowledging more promptly your letter of March 28, 1956. This is my
busiest season of the year, and it is difficult for me to find
opportunities to answer personal correspondence.
I have the contemporaneous notes taken by my wife during
the banking holiday; but I have never been able to think of
transcribing them when«cer I havl the time, and I am unwilling
to part with the original notes,
I am interested in your project and would like to know
who is writing the history and what kind of history it will
be. It has occurred to me that, if I have retired when the
manuscript is completed, I might be of some service in looking
over the manuscript or galley proofs and calling attention to
any inaccuracies that I might detect. I would be willing to
do that without any compensation whatever, if my circumstances
at the time permitted me to do it at all.
With best wishes for your success in this important under'
taking, I am
Sincerely,
WIATT, Walter
Hareh M9 1956
Bear Mr* Wyattt
I t i s more then two years since Donald Woodward and I
had the pleasure of talking with you about the banking holiday of
1933• At that time you eald you had kept a series of day-fey-day
notes which you had dictated to your wife in the evening* and
which sounded extremely valuable*
X have tried fro* time to time to call on you again since
that conversation, but thus far have not managed to find you in*
We are very eager to know whether you found those r*eor&*& notes
and If so whether they sight be made available for scholarly use
In connection with this project*
I expect to be in Washington within a week or two and
can com© to see you about this i f conversation would be more convenient than writing. Meantime say I add Mr* Woodward*s greetings
to ay own*
Cordially yours*
Mildred Adams
Mr* Walter Vyatt
Office of the Seporter
Supreme Court of the united States
Washington, D. 0*
WATT,VAlter
Jannazjr 1# 1955
Sear Mr* 1$ratti
theblta so iweh for your l e t t e r , of the 22nd* i ntsh 1 oonid giire
yom a report on the kind of history being planned* but until the CJctaiittee
doolies nbo thoiiXd fee suited «e htetoglan* t&ere i t no piaa that l a f l a u
We are hoping to arrive a t eeae eonelxiaion ty the end of fwamxy*
Iteanidille* yon probably to#w that Br* -2»eater Chaadler of Trine***
ton i t a t writ on resemroh for hie l&cvraphy of Beojanla Strong <* Central
Ihuiker*
I am counting on your help in the detailed and anecdotal Botes
of *fal<oh y*ra epeak« i t woiili he uonderfbl i f yon eonld do a boofe of r e KlttLeeeneeet but i a the a^entta** my diarlea or .notes yon have w i l d help
emo»oia§ly to r*eea*tei&et the pearled* in ifaioh yom were motive a t the
Hoard* fom were one of the f i r s t to be consulted oa thle bnalneea* and i
j h a l l alwqre ren«aiber how isvigosmtiixg your interest «**«
FreteEt i&a&a e e l ! for ny being in Yaahlngten acauttd** daring
the week of lanaaxy 17th* If that plats ecxea* off* 1 shall eertaialy oall
ywi*
Sincerely Y®WTB9
Mildred Adane
-Br* MXter tyatt
OfHee of the Beperter
3mpr«it Court of the
Salted State*
Washington* B* 0*
RECEIVED
^
f f« *,.
(f)ffk£ jrf i t e ]&y>ipmt£t
CKMMftTEEOtt W E mmmt
OF THfe
ffOEIML RESERVE « W « i
December 2Z f 1954 •
Miss Mildred Adams,
Committee on the History of the
Federal Reserve System,
33 Liberty Street,
New York 45, New York*
Dear Miss Adamst
This refers to your letter of December 1, 1954*
I am extremely sorry that 1 was unable to see you when
you were here* I had not been busy the week before; but the
Court handed down a large number of decisions on Monday,
December 6, which swamped us with urgent work* We do seem
to have bad luck getting in touch with each other*
I am tremendously interested in the proposed history of
the Federal Reserve System and would like very much to know
what kind of a history is being planned.
I am afraid that the notes and information which I have
may be too detailed and too anecdotal to be of much use to
you in a general history* They probably would fit better
into my personal reminiscences, if I ever get around to
writing them* However, I shall be glad to do anything that
I can to help make the kind of history that is being planned
accurate and complete*
Hoping to have the pleasure of seeing you the next time
you are here and with best wishes for the Holiday Season, 1
am
Sincerely,
VIATT, Walter
&e&mber If 1954
Smut* tftr* vyatt*
I t i s alaoat & year alsiee ItaoaXd Voodward and I O«M to m y*>t*
mni bftA a &«mMrabXf» eoaTaraation about datatX* of the B«k SoXiday a* you
*av tfe«t* Slnoe than a great many thing* k ? i happened"' InoXndlng u$r**~
M i t en the part of ib# BocfeefelXer Foundation' that lbs FiXot Project had
taken eneeeeefuX ttiongh to imrrent & ftve~ye*r grant to this Comittoo*
Meanwhile, h©r#T#rt I have not forgotten that you told us that
you bad kept note* of the detail* of that banking holiday ** titty happened and that you vere going to look the* up* 1 tow* been homing ever etnee
for a ob¬ to sue yon ugaim about tbt% Mjfe 1 aXvay* sensed to teXepboneehaa you vere out of torn*
I mm find th&t 1 an going to b# in W**hlf3tftofi ne%t weak am
$hnr*d*y and Prldqr CSae«sb#r 9th and 10th} f and 1 sis ifontferimg i f i t nlXX
b# poeeibXa to got m®m light on thle natter of the notes* 1 viXl t*Xe~
phone wkm 1 rraeh tovn sat! v i i l hope that y#u may b® able to ne# §i##
1 toov that Mr* Voedvard vouXd nant ma to <*end you M i grinatiitgi
*lt& alne*
Tory aineerely yours t
Mildred ideate
Mr, Valter Syntt
Sttpinme Court
WIATT, Walter
Surah 3&, 1954
Hear fcv tya&t*
%#B I wiled jrou ^srlj Ve&oaadqr moriiiag:*
fWBBt «or#iaiy nae Mid anovgh to gqggegt that I
oall J#m fea^lu QsfortuisateS/t 1 ^aa caught in m
ta^jl# of eqf^eiMffltta vhlah kept ate laager than I
idfp#etei# Among other thinge* I w a t otrt to Che*y
Chase to aa# Mra# {toldesmteer ahomt ker hmabam&*a
IN^NHNU ffa&ar tboee. eireuKetejteee i t m» not poe*»
i i i l a to ttlsgtoiie you again*' 1 do hope thie
yon mo- imcft8?eideae&*
I am u t i l l anticipating the pleaawe of
iMtesd interview on ay naatt *lait to- Ifeahlngtom*
Slikoaraly yow* t
M M » I Adama
VUtar tymtt
Oaart I i l M i a f
firmt aaril 1 M & lafitoi Vbraata
WTATT, Walter
(i)££xxt ttf the Jlqxarta:
March
19, 1954-
Miss Katherine McKinstry,
fie search Assistant,
Committee on the History of the
Federal Reserve System,
33 Liberty Street,
New York 45, New York
Dear Miss McKinstry:
This is in response to your letter of March 15, 1954-*
requesting an appointment for Miss Mildred Adams• Research
Director of the Committee on the History of the Federal
Reserve System.
I regret to advise that my plans for next week are
somewhat uncertain and it is impossible for me to make a
firm appointment at this time* However, if Miss Adams will
telephone me when she arrives, 1 shall endeavor to arrange
to see her, if 1 am in town*
Sincerely,
C*Vl<"*°
'*%&#£<
Walter Wjrf^tt,
Reporter of Decisions.
Ibrch 15, 1954
M t&e n*&ue#t at H ^ s i i r a % to ifcaa JWI
wtgr geaaroualy grouted a& t&tervlev i n early 3%br»i5rf
I as tending ye« tbia wt4» to mA ^ s % # r &e a&ght
l a ta p a yan again aa her &«xt t r i f to Ife^agtoft*
ifixils M r acbagule far tba trip i s &t£2X
aa*#&&t £Xutd» aae isinaldj if i t its oc^vesieai far y#%
l i f e to call At your a£JFic& aa&etltte l a t e Ve4aa»<|ajr
#ft#ra>a% &*?<& 23rd t preferably after four e^elcrcfe
i f that t&aa d©« not suit yo% wmiM you be klttg ttwtgb
to 1st od tow* 1 caiiM tbaa teltq^ioae your aetirataqr
to s## tfcethar ar nat « co*&& -work out & f l m aMtoiirUaemt for Kia* Mm§ i n adv&ace of iter Tigit*
Stmwrmly ynur%
fi^w&rcfe iaalaiaafc
Kr* VULtar Ignett
ItaprtMa feurt l u i U l ^ g
£L*at aad Seat tiapitieX Btrmim
Wmhim^^ 13* ^* ^*
@FedFRASER