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I N V E N T O R Y
of the
CARTER
GLASS
PAPERS
a t the
U n i v e r s i t y of V i r g i n i a
P r e p a r e d f o r the
C o m m i t t e e o n t h e H i s t o r y of t h e F e d e r a l R e s e r v e
and
The Brookings
Institution
^jLA'ieMJJLj BjUisct
A>
Washington, D . C.
System
FOREWORD
I n 1 9 5 4 t h e C o m m i t t e e o n t h e H i s t o r y of t h e F e d e r a l
3
System ^
Reserve
w a s e s t a b l i s h e d to c o n d u c t a n d f o s t e r r e s e a r c h o n t h e
o f the S y s t e m
history
The C o m m i t t e e has o p e r a t e d i n c o o p e r a t i o n w i t h the
B r o o k i n g s I n s t i t u t i o n of W a s h i n g t o n , D„ C„
T h r o u g h t h e i n t e r e s t of t h e C o m m i t t e e a n d t h a t o f t h e l a t e
P r o f e s s o r E 0 Ao K i n c a i d , of t h e U n i v e r s i t y of V i r g i n i a ,
arrangements
w e r e m a d e to i n v e n t o r y the C a r t e r G l a s s p a p e r s i n t h e U n i v e r s i t y o f
Virginia Library,
T h i s w a s d o n e u n d e r t h e s u p e r v i s i o n of D r „
w i t h support f r o m the
Kincaid,
Committee.
L a t e r * M r „ F r a n c i s L>0 B e r k e l e y ^ C u r a t o r o f M a n u s c r i p t s a t t h e
U n i v e r s i t y of V i r g i n i a , w i t h s u p p o r t f r o m t h e C o m m i t t e e ^ a r r a n g e d f o r
t h e p r e p a r a t i o n o f a n I n d e x of t h e
Inventory.
T h e C o m m i t t e e and the B r o o k i n g s I n s t i t u t i o n a r e d e e p l y
to D r . K i n c a i d , M r , B e r k e l e y , and t h e i r a s s i s t a n t s f o r the
indebted
preparation
of b o t h t h e I n v e n t o r y a n d t h e Index<>
A b o u t f i f t y c o p i e s of t h e I n v e n t o r y a n d I n d e x h a v e b e e n p r o d u c e d 0
Copies a r e being d e p o s i t e d i n about t h i r t y l e a d i n g l i b r a r i e s , at the
B o a r d of G o v e r n o r s of t h e F e d e r a l R e s e r v e
S y s t e m , and at the
Brookings
Institution..
D u r i n g 1 9 5 4 - 5 6 the C o m m i t t e e 3 t h r o u g h M i s s M i l d r e d A d a m s ,
E x e c u t i v e D i r e c t o r , l o c a t e d 106 p e r t i n e n t c o l l e c t i o n s o f p r i v a t e p a p e r s
b e a r i n g on the h i s t o r y of the F e d e r a l R e s e r v e S y s t e m ,
Arrangements
w e r e m a d e to d e p o s i t s e v e r a l of t h e s e c o l l e c t i o n s i n u n i v e r s i t y o r
o t h e r l i b r a r i e s w h e r e s c h o l a r s m i g h t h a v e a c c e s s to t h e m , A R e g i s t e r
o f t h e s e c o l l e c t i o n s of p r i v a t e p a p e r s w a s p r e p a r e d a n d c o p i e s a r e
a v a i l a b l e a t t h e B o a r d of G o v e r n o r s of t h e F e d e r a l R e s e r v e S y s t e m ,
l e a d i n g l i b r a r i e s , and the B r o o k i n g s Institution0
R o b e r t D„
Calkins
President
The Brookings
July
Institution
1958
* T h e C o m m i t t e e o p e r a t e d f r o m 1 9 5 4 to 1 9 5 8 ,
Its m e m b e r s
A l l a n S p r o u l , C h a i r m a n , W„ R a n d o l p h B u r g e s s <> R o b e r t D»
F„ C y r i l J a m e s , W i l l i a m M c C e M a r t i n , Jros W a l t e r W, S t e w a r t ,
W i l l i t s , a n d D o n a l d Bo W o o d w a r d .
were:
Calkins,
J o s e p h He
PREFATORY
NOTE
T h e C a r t e r G l a s s P a p e r s , a g i f t p r e s e n t e d to the
University
of V i r g i n i a L i b r a r y b y t h e G l a s s f a m i l y i n 1 9 4 8 , c o n t a i n a p p r o x i m a t e l y h a l f a m i l l i o n i t e m s , i n c l u d i n g the l e t t e r s r e c e i v e d by the
V i r g i n i a s t a t e s m a n , a n d c o p i e s of h i s r e p l i e s , f o r the y e a r s
1909-
1946.
O n e g r o u p of c o p i e s of o u t g o i n g l e t t e r s w a s o m i t t e d b y t h e
c o m p i l e r s o f t h e f o l l o w i n g i n v e n t o r y of t h o s e m a t e r i a l s i n t h e
c o l l e c t i o n t h a t r e l a t e to t h e F e d e r a l R e s e r v e S y s t e m ,
letter-press
These
c o p i e s of l e t t e r s w r i t t e n b y M r , G l a s s d u r i n g t h e
p e r i o d of h i s s e r v i c e a s S e c r e t a r y of t h e T r e a s u r y f r o m
1918 to F e b r u a r y
1920„
December
T h e b u l k of t h e c o l l e c t i o n c o n s i s t s of
u n b o u n d p a p e r s c o n t a i n e d i n 4 2 3 b o x e s , f o r e a c h of w h i c h t h e
p i l e r s have p r e p a r e d an i n v e n t o r y sheet on F e d e r a l
material.
are
com-
Reserve
T h e l e t t e r - p r e s s c o p i e s not i n v e n t o r i e d a r e i n s e v e n
bound v o l u m e s as f o l l o w s :
1.
18 D e c . 1 9 1 8 - 2 4 J a n .
2.
2 2 J a n . 1 9 1 9 - 13 M a r c h
3„
12 M a r .
4.
2 May
5.
2 4 J u n e 1 9 1 9 - 29 A u g .
1919
6„ 2 9 A u g . 1 9 1 9 - 15 D e c .
1919
7.
1919
1919
1919 - 2 M a y
1919
1919 - 23 June
1919
15 D e c . 1 9 1 9 - 3 F e b .
1920
A f e w a d d i t i o n a l p a p e r s have b e e n p r e s e n t e d to the
b y t h e G l a s s f a m i l y since t h e F e d e r a l R e s e r v e S y s t e m ' s
University
Committee
on H i s t o r y c o m p l e t e d its s u r v e y i n 1954.
Francis L. Berkeley,
C u r a t o r of
Jr.
Manuscripts
U n i v e r s i t y of
Virginia
Box 1
1.
Personal correapondence o f Glass and Baruch e x t e n d i n g
over a period of years t o about 1922.
2.
Newton D. Baker t o Glass regarding Wilson®s " C o n f i d e n t i a l
Document" sent w i t h a l e t t e r of 20 January 1924, t o
l a k e r and by Baker t o Glass t o o b t a i n Glass 4 o p i n i o n as
t o the use of the document i n connection w i t h the platform
t o be framed a t the Democratic N a t i o n a l Convention o f
J u l y 11, 1924.
3.
Glass t o Baker asking Baker t o examine Glass 0 book*
4.
A f o l d e r of l e t t e r s between Baruch and Glass, 1920-22.
Baruch t o Glass, and Glass t o Baruch, regarding Baruch 8 s
book, "Taking the P r o f i t s Out of War," as l a t e as F e b r u a r y
2 6 , 1936. Other l e t t e r s exchanged w i t h Baruch.
5.
Polder of l e t t e r s from and t o Dr. Alderman.
6.
Glass t o Baruch, 29 March 192?» regarding book by Smiths
"the Real Colonel House" by Arthur Howden S m i t h .
7.
Glass t o Baruch regarding Smith* * a r t i c l e i n New York
Herald Tribune, 2 A p r i l 1927.
8.
Baruch t o Glass (no d a t e ) regarding Glass
Adventure i n Constructive Finance.
9.
Baruch t o Glass, 22 September 1926, r e f e r e n c e t o Glass 8
piece on currency reform,
book, "An
10.
Glass t o Baruch, 24 March 1926, regarding Colonel House.
11.
Glass t o Baruch, 18 October 1926, regarding Glass 0
n a r r a t i v e on F e d e r a l Reserve l e g i s l a t i o n , b e i n g w r i t t e n
by Glass t o destroy both Seymour and House.
12.
Baruch t o Glass suggesting t h a t Glass w r i t e an a r t i c l e
"some magazine" r e f u t i n g House.
Comment:
13.
for
These l e t t e r s show genuinsj A f f e c t i o n of Glass
f o r Baruch, and of Baruch f o r Glass.
A f o l d e r of l e t t e r s t o and from John Stewart Bryan, 1932.
L e t t e r s r e l p t e t o p o l i t i c s , speeches, personal f r i e n d s ,
but contains l i t t l e of importance regarding Federal Reserve
System* A l s o , a few l e t t e r s from Baruch.
Box 11 (Page 2}
14.
One f o l d e r o f Baruch l e t t e r s .
15.
A f o l d e r o f Bob M n s w o r t h l e t t e r s o f p e r s o n a l and
political interest.
16.
A f o l d e r o f Byrd l e t t e r s r e g a r d i n g s t a t e p o l i t i e s and
l i t t l e else.
17.
A memorandum from correspondents o f Byrd and Glass*
s a i d t o be a statement o f t h e Democratic p l a t f o r m o f
fl
1924, as W i l s o n d e s i r e d i t ,
RSlf i n i t i a l s on a t t a c k e d
s l i p * Some Baker l e t t e r s are a l s o I n t h i s f o l d e r .
3
Box 12
Personal correspondence
(C-D)
A. Correspondence w i t h C a l v i n C o l l l d g e .
B* Correspondence r e l a t i n g t o s t a t e p o l i t i c s *
C. Correspondence concerning the 1924 Democratic S t a t e
Convention.
D. Copy of the V i r g i n i a Democratic platform f o r 1924, which N r .
Glass sent t o s e v e r a l people, i n c l u d i n g George V . N o r r i s a t
the F e d e r a l Reserve Bank: of P h i l a d e l p h i a .
E. Copies of newspaper a r t i c l e s d e a l i n g w i t h Bishop Cannon.
P. P o l i t i c a l and personal correspondence w i t h Ed. A. C h r i s t i a n .
1.
I n answer t o a l e t t e r from N r . C h r i s t i a n on October 1 ,
1928, Mr. Glass s t a t e s t h a t Robert L. Owen had nothing
t o do w i t h the Federal Reserve Act other than t o
"permit i t t o be mangled i n the Senate, which necessitated
r e s t o r i n g . . . . i t s i n t e g r i t y i n t h e conference comiB.lttee
of t h e two houses", d e s p i t e the claims of Mr. Owen t o
thecontrary.
(3. Miscellaneous a r t i c l e s
of a V i r g i n i a Democratic p l a t f o r m .
.
...
2.
Copies of s e v e r a l speeches by N r . Glass, i n c l u d i n g , "A
Menaclng 'Group A l l i a n c e * " , and "Truth About t h e F e d e r a l
Reserve System" (January, 1 9 2 2 ) .
3.
Congressional address made on December 15, 1924, by Edwin
A. Alderman i n memory of Woodrow Wilson.
4.
E f i i s r i a l presenting the p o s i t i o n of N r . Glass on
a g r i c u l t u r a l loans b!y the F e d e r a l Reserve System.
5.
A r t i c l e o f Janjuary l 8 , 1922, i n a Memphis newspaper,
defending the F e d e r a l R e s e r v e System against the c r i t i c s ,
who claimed t h a t system p o l i c i e s caused t h e d e f l a t i o n
f o l l o w i n g the war.
6.
Newspaper a r t i c l e commenting b r i e f l y on a statement o f the
p o s i t i o n o f the F e d e r a l Reserve System*
(Figures t r *
included.)
53
Box 19 (Page 2)
7.
Announcement o f t h e opening o f h e a r i n g s under t h e guidance
o f t h e Senate Banking and Currency Committee* alined a t
changing banking laws t o meet t h e severe d e p r e s s i o n
c o n d i t i o n o f t h e 1930' s .
H* Correspondence w i t h Josephus D a n i e l s w h i l e he was e d i t o r
a R a l e i g h * N o r t h C a r o l i n a * newspaper*
of
lo
A r t i c l e d e s c r i b i n g t h e argument between Mr* Glass and
M* W i l l i a m s , a Richmond, V i r g i n i a , b a n k e r , c o n c e r n i n g
F e d e r a l Reserve p o l i c y w i t h r e s p e c t t o Steele s p e c u l a t i o n ,
2o
E d i t o r i a l s t a t i n g t h a t , d e s p i t e t h e o p p o s i t i o n o f bankere*
Mr* Glass should be e n t r u s t e d w i t h r e s p o n s i b i l i t y f o r
p e r f e c t i n g l e g i s l a t i o n r e l a t i n g t o banking*
3.*
I n answering correspondence from Mr* D a n i e l s ^ Mr, Glass
expresses t h e o p i n i o n t h a t r e a l e s t a t e mortgages should
n o t be made e l i g i b l e f o r r e d i s c o u n t , s i n c e , 11 i f t h a t and
k i n d r e d p r o j e c t s were f o l l o w e d , we would socn t~®rpferm
t h e F e d e r a l Reserve banks i n t o investment
tonx*,
t h e y would no l o n g e r be l i q u i d or a b l e t o respond t o t h e
demands o f commerce® The occasion f o r t h e xemm*h
the
r e q u e s t made by Mr* D a n i e l s f o r an o p i n i o n cn a l e t t e r
r e g a r d i n g r e a l e s t a t e s e c u r i t i e s from t h e pxeside^t
of
t h e American Mortgage Company*
I * Envelope c o n t a i n i n g a s e r i e s of, memoranda c o n c e r n i n g t h e A n t i Saloon League o f America *
5
BojlJ,
P e r s o n a l correspondence
A.
(D~G)
Personal references
1. Summary o f t h e Glass b i l l on b a n k i n g o f 1932 w i t h
s p e c i a l r e f e r e n c e t o changes which had been made or
a t t e m p tie d *
2* Memorandum showing t h e u n f a v o r a b l e a t t i t u d e toward
t h e d e v a l u a t i o n o f t h e d o l l a r by Mr* G l a s s .
3 . Copy o f a statement by a M i s s i s s i p p i l e g i s l a t o r
i n r e f u s i n g t o v o t e on t h e q u e s t i o n o f r e m o n e t i z i n g
s i l v e r i n t h e way t h a t t h e S t a t e Senate had i n s t r u c t e d .
B*
Honors and c i t a t i o n s bestowed upon Mr. Glass*
C*
L e t t e r from H. D* Flood* S t a t e Democratic Committee
Chairman.
D*
Correspondence w i t h Robert Glass* E* C* Glass $ Mrs.
Woodrow W i l s o n , and Claude Swanson, a l l o f a somewhat
personal nature,
E.
Statements by Mr. G l a s s , prepared f o r p u b l i c a t i o n d u r i n g
t h e p e r i o d o f C o n g r e s s i o n a l c o n s i d e r a t i o n o f t h e GlassS t e a g a l l A c t . A l s o i n c l u d e d i s a l i s t o f changes i n t h e
Glass-Steagall b i l l .
fU
1
Newspaper c l i p p i n g c o n c e r n i n g t h e i m p a r t i a l p o s i t i o n o f
Mr. Glass toward t h e hope o f J . G. Ferneyhough t o become
s t a t e commissioner o f a g r i c u l t u r e .
G.
Correspondence w i t h Theodore M* Gowans.
H.
Correspondence w i t h E. C. F o l k e a .
I.
B o o k l e t s about Mr. Glass 9 'one o f w h i c h suggests t h a t he
would b^ t h e b e s t Democratic p r e s i d e n t i a l nominee.
Also
a handwritten e d i t o r i a l , b y fir* Glass.
J.
E x p r e s s i o n s o f r e g r e t by Mr, Glass upon t h e d e a t h o f
A d m i r a l Gary P. Grayson.
K*
L e t t e r t o G. C. Glass '0pm James A. G a r f i e l d on March 15*
18?9* i n w h i c h t h e concept o f " p a r t y s p i r i t " i s d i s c u s s e d .
Box 3
{Page 2)
L e t t e r s , memoranda, and speeches c o n c e r n i n g t h e F e d e r a l
Reserve System*
1* Copy o f a speech by Mr. Glass b e f o r e t h e House o f
R e p r e s e n t a t i v e s on June 14, 1917* concerning t h e
Hardwick amendment,
2« S t o r y o f t h e o p p o s i t i o n o f Mr, Glass t o a Roosevelt
a p p o i n t e e f o r a V i r g i n i a j u d g e s h i p , when t h e P r e s i d e n t
t r i e d t o prove t h a t t h e a p p o i n t i v e power c a r r i e d
g r e a t e r w e i g h t t h a n d i d t h e concept o f s e n a t o r i a l
courtesy*
3 . Copy o f t h e speech made by Mr. G l a s s , e x p r e s s i n g
u n q u a l i f i e d o p p o s i t i o n t o t h e a t t e m p t by P r e s i d e n t
R o o s e v e l t and h i s p o l i t i c a l adherents t o pack t h e
Supreme Court w i t h men who f a v o r e d Mew Deal p r o p o s a l s ,
4. Answer from Adolph C. M i l l e r , o f t h e F e d e r a l Reserve
B o a r d , t o Mr* Glass on November 20, 193^, upon r e c e i p t
o f an e x p r e s s i o n o f r e g r e t a t h i s r e t i r e m e n t from
public service.
5 . L e t t e r frost Mr. Glass t o t h e e d i t o r o f a Texas newspaper
on A p r i l 16, 1929, c i t i n g t h e u n f a v o r a b l e e f f e c t s on
n
l e g i t i m a t e business 1 1 , which would r e s u l t from a c t i o n
by t h e F e d e r a l Reserve Board a l o n g t h e l i n e s suggested
by Mr. M i t c h e l l w i t h r i s p e c t t o s t o c k s p e c u l a t i o n , ,
6 f L e t t e r o f December 19, 1919, from Benjamin S t r o n g t o
R u s s e l l C* L e f f i n g w e l l , d i s c u s s i n g t h e problem o f
r e l a t i o n s between t h e Treasury Department and t h e
F e d e r a l Reserve System, which he f e e l s should be cons i d e r a b l y strengthened as a r e s u l t o f t h e end o f t h e
w a r , r a t h e r t h a n d e t e r i o r a t i n g s t i l l f u r t h e r , as he f e a r s
w i l l be t h e case*
7 . Note from Mr* Glass t o John S k e l t o n W i l l i a m s , C o m p t r o l l e r
o f t h e Currency, t h a n k i n g Mr. W i l l i a m s f o r sending him
t h e f i r s t F e d e r a l Reserve note t o be i s s u e d *
8 . L e t t e r t o N e i l M. C r o h i n on August 26, 1920, i n which
Mr. Glass s t a t e s t h a t ' t h e F e d e r a l Reserve Act d i d n o t
r e p r e s e n t a m o d i f i c a t i o n o f A l d r i c h p l a n and t h a t t h e
R e p u b l i c a n ! had n o t h i n g t o do w i t h t h e l e g i s l a t i o n , i n
f a c t opposing t h e measure i n Congress *
7
Bo* 3
(Page 3)
9 . Memorandum r e g a r d i n g c e r t a i n i m p o r t a n t changes i n t h e
Glass S t e a g a l l b i l l .
10. An a r t i c l e by Mr. Glass, "The Service o f t h e F e d e r a l
Reserve System", sent t o a member o f the Democratic
N a t i o n a l Committee.
11. A r t i c l e from the Lynchburg Hews on February 9, 1930,
"Bankers of the Nation Consider Senator Glass 'Strong
Man' i n shaping New Banking Law."
12. L e t t e r from Senator Champ Clark on August 16, 1913,
p r a i s i n g Mr. Glass f o r h i s o r a t o r i c a l endeavors.
13. L e t t e r from R. E. Byrd commending Mr. Glass f o r h i a
p a r t i n f o r m u l a t i n g currency l e g i s l a t i o n .
14. Congratulatory note from R. Walton Moore 011 September
17, 1913, on the passing o f the currency measure by
the House.
15. I n a l e t t e r t o Senator Arthur Capper on A p r i l 16, 1920,
Mr. Glass gives h i s reasons f o r r e j e c t i n g any plan t o
base currency issues on government bonds.
16. m a l e t t e r t o Robert W. Woolley on March 2 2 , I 9 2 1 ,
Mr,. Glass l i s t s c e r t a i n Republicans, who opposed the
F e d e r a l Reserve A c t , i n c l u d i n g Senators Burton and
Penrose,.ex-Congressman Robert W. Bonynge, and A. P i a t t
Andrew.
M.
Correspondence w i t h Mrs. D i l l a r d S . Boatwrlght.
N.
Copy of portions of the Congressional Record during the
period December 3 , 1923, t o June 7 , 1 9 2 4 , containing
statements by Mr. Glass on s e v e r a l issues of importance
a t the t i m e .
0.
Correspondence r e l a t i n g t o c e r t a i n honors and degrees conf e r r e d upon Mr. Glass a t various times.
1 . Correspondence w i t h Richard E. Byrd, i n c l u d i n g
announcement by Admiral Byrd t h a t he was sending t o
Mr. Glass a small r o c k , taken from a mountain range
near the South Pole t h a t had been named a f t e r Mr.
Glass.
F.
Congratulatory notes upon t h e s e l e c t i o n o f Mr. Glass a
P r e s i d e n t , Pro Tem of the Senate., i n c l u d i n g notes from Leo
Crowley, Jasa« Jopea, ^im f a s l a y , F r a n c i s Pickens M i l l e r ,
Menry Morganthjitiv Ronald Ransom, o f t h e ,Federal Reserve
Board, and t h * associates of Mr. Glaai%in F i g h t For
Freedom, I n c ;
8
Box 12
Personal correspondence
A.
(H-L)
Correspondence w i t h W.P.G. B i r d i n g , Governor of t h e
F e d e r a l Reserve Board.
1,
L e t t e r from W.P.G. Harding on January 13, 1930,
concerning the best method t o g e t the bonds b e i n g
used as s e c u r i t y f o r c i r c u l a t i o n out of t h e hands o f
n a t i o n a l banks and i n t o F e d e r a l Reserve banks.
Harding a l s o records h i s opposition t o the suggestion
by Representative McFadden t h a t the Comptroller of
the Currency examine the F e d e r a l Reserve banks a t
t h e i r expense.
2.
L e t t e r o f February 2 , 1929, from W.P.G. Harding,
concerning the d i v i s i o n of the surplus of the F e d e r a l
Reserve banks. Mr. Harding mentions t h a t he would
p r e f e r t o see reserve requirements against time
deposits increased from
t o 5 b u t f e a r s the
r e s u l t i n g loss of membership i n the system would be
too g r e a t t o warrant such an increase i n the c o s t .
3-
L e t t e r from W.F.G. Harding on January 13, 1930, s t a t i n g
t h a t he f i n d s no p a r t of the McFadden b i l l acceptable,
because of t h e supervisory element' involved and the
requirement t h a t member banks pay the expenses of
examinations. I t i s suggested t h a t the excess p r o f i t s
of a reserve bank be more e q u i t a b l y d i s t r i b u t e d
4.
Correspondence w i t h Mr. Harding, concerning a speech
t o a group o f Hew Etagland bankers, which Mr* Glass was
supposed t o have made on November 8 , 1929, but f a i l e d
t o present, because of more pressing o b l i g a t i o n s .
5.
Attempted explanation by W.P.G. Harding of a $ 2 , 7 0 0 , 0 0 0
i t e m I n the budget, presented t o Congress by the
President i n 1928, covering expenses of the F e d e r a l
Reserve Board.
6.
L e t t e r of January 2 8 , 1929, from Mr. Harding, i n which
a p l a n i s presented f o r p a r t i c i p a t i o n by member banks,
as w e l l as the government, i n any excess p r o f i t s o f
t h e F e d e r a l Reserve banks (amending Section 7 of the
A c t ) , and o f f e r i n g a t e n t a t i v e plan f o r r e t i r i n g n a t i o n a l
bank notes from c i r c u l a t i o n .
53
Box 19 (Page 2 )
7.
L e t t e r from* Mr. Glass t o W.P.G. Htrdlng on January '30,
1929, accompanying a copy of a proposed amendment^to
Saotion 7 of the Federal Reserve Act. Mr. Glaaa
requests Mr. Harding t o make up a b i l l , providing f o r
the a f f e c t i v e retirement of n a t i o n a l bank notes,
which Mr. Glaaa would introduce i n Congress.
8.
Note from Mr. Glass t o Mr. Hsrding on March 27* 1926,
expressing favor f o r a p l a n , whereby Federal Reserve
banks would be given indeterminate c h a r t e r s .
9.
L e t t e r from W.P.G. Harding, enclosing a copy of a
memorandum sent t o Representative James G. Strong on
January 16, 1923, concerning his proposed s t a b i l i s a t i o n
b i l l and p a r t i c u l a r l y the l i m i t a t i o n s of Federal Reserve
p o l i c y w i t h respect t o the l e v e l of i n t e r e s t r a t e s
and p r i c e s .
10.
;;
; J. ;
11.
.
13.
Note o f a paraonal nature from W.P.O. Harding' on March
2 6 , 1926 # o f f e r i n g u n o f f i c i a l backing f o r Mr. Glafra i n
working f o r r e v i s i o n of the McFaddin b i l l to include
indeterminate charters f o r Federal Reserve banks. Mr.
Harding devotes a short paragraph t o l i s t i n g the persons
and groups, Including I r v i n g F i s h e r , who oppose the
charter amendment o f f e r e d by Mr. Glass, and the reasons
f o r t h e i r opposition.
'
L e t t e r of December 10, 1925* from W.P.G. Harding,
expressing opposition t o the McFaddin b i l l , and i n c l u d i n g
the statement t h a t he was " u n a l t e r a b l y opposed t o having
the Federal Reserve System used as a club i n the
settlement of the branch banking questions
L e t t e r from Mr. Glass t o W.P.G. Hsrding on October 8 ,
11927* noting t h a t he and Harding are i n agreement,
along w i t h Governor N o r r l s , oh a c e r t a i n unspecified
matter.
L e t t e r o f October 5 , 1927, p e r t a i n i n g t o t h a t p o r t i o n
o f a l e t t e r from Mr. Glass t o Mr. N o r r l s , concerning
the f o r e i g n transactions of the New York Federal Reserve
bank. Mr. Harding expresses the opinion t h a t there has
been no v i o l a t i o n ot the Federal Reserve A c t , but t h a t
I t would be b a t t e r f o r c e r t a i n of t h e l a r g e r member
sba'nka t o carry on h%ixi«** w i t h f o r e i g n 'banks w i t h the
support of t h e F a d e f p l Reserve bank.
53
Box 19 (Page 2)
14.
L e t t e r from Mr. Harding t o Mr. Glass on September 22,
1927, expressing great pleasure a t the appointment of
Roy A. Young, who i s said t o favor the " r e g i o n a l
p r i n c i p l e s of the Federal Reserve A c t , " t o the Federal
Reserve Board
15.
Copy of a l e t t e r sent t o W.P.G. Harding on October 27,
1925, complimenting him on the o b j e c t i v e treatment of
the problems considered i n h i s book, The Formative
Period of the Federal Reserve System."" Mr. Glass comments
a t length on the incapacity evidenced by Robert Owen
i n h i s handling of Federal Reserve l e g i s l a t i o n .
Mr.
Glass states t h a t Senator Owen was "a p o s i t i v e obstruction
t o the preparation of the b i l l . "
Glass f u r t h e r admits
the mistake of the House conferees i n placing the
Comptroller of the Currency upon the Federal Reserve
Board, since the men who have f i l l e d t h i s o f f i c e had
been 6f such uniformly poor character.
16.
Telegram from W.P.G. Harding on January 2 8 , 1925»
s t a t i n g t h a t i t i s h i s f e e l i n g t h a t , while n a t i o n a l
bank standards should not be lowered, these banks
should be able t o compete w i t h s t a t e banks w i t h respect
t o the establishment of branches.
17.
L e t t e r of November 9 , 1925, from Mr. Harding, responding
t o a query by Mr. Glass t o say t h a t , although he does not
possess c e r t a i n i n c r i m i n a t i n g telegrams, sent by Senator
Owen i n connection w i t h f o r e i g n exchange speculation
during a period of i n f l a t i o n , he thinks t h a t copies can
be found a t the Federal Reserve Board and t h a t Fred 1.
Kent possibly has the o r i g i n a l s .
18.
L e t t e r from Mr. Glass t o W.P.G. Harding on October 29,
1923* s t a t i n g t h a t he w i l l probably not accept speaking
engagements t o oppose those, including Congressman H e f l m ,
who wanted t o r u i n the system, whereby checks were
cleared a t or near par.
19.
L e t t e r of October 23, 1923, from Mr. Harding, suggesting
t h a t Mr. Glass a c t i v e l y oppose those persons who sought
t o destroy the check c o l l e c t i o n system.
20.
L e t t e r of October 8 , 1923, from W.P.G. Harding t o Mr.
Glass, enclosing a copy of a l e t t e r from Harding t o
Edmund P i a t t , i n which opinions are rendered against
i n t e r f e r e n c e by the Federal Reserve Board w i t h the
s i t u a t i o n w i t h respect t o branch banking, created by the
s t a t e laws of C a l i f o r n i a , and i n favor of the D a l l a s
Federal Reserve bank engaging i n open market t r a n s a c t i o n s ,
i n v o l v i n g b i l l of lading d r a f t s endorsed by non-member
banks.
53
Box 19 (Page 2)
21*
Mr. Glass responds on October 10, 1923* t h a t he does
n o t f e e l t h a t t h e Board has any power t o l i m i t t h e
number o f branches operated by s t a t e banks, w h i c h
a l s o belong t o t h e F e d e r a l Reserve System*
22*
L e t t e r from W.P.G. Harding on January 2 9 , 1923* s t a t i n s
t h a t t h e r e i s some reason f o r doubt as t o t h e f u t u r e
o f t h e F e d e r a l Reserve System P l a r g e l y because o f t h e
p o l i c i e s and a d m i n i s t r a t i v e powers w h i c h may foe
employed by those i n p o s i t i o n s o f r e s p o n s i b i l i t y .
Harding expresses t h e o p i n i o n t h a t , g i v e n a c o n t i n u a t i o n
o f t h e c o n s e r v a t i v e l e n d i n g p o l i c i e s o f t h e Board,
wise management o f t h e F e d e r a l Reserve banks o f f e r s
t h e s o l u t i o n t o t h e problems,
23
Personal l e t t e r from W.P.G. Harding on January 2 9 , 1923,
opposing Senator H e f l i n f s proposed amendment t o t h e
F e d e r a l Reserve A c t , whereby p r o g r e s s i v e r a t e s o f
i n t e r e s t c o u l d n o t be charged by F e d e r a l Reserve banks.
Mr. Harding f e a r s t h a t t h e n e x t move by H e f l i n would
be t o a t t e m p t t o p l a c e an upper l i m i t on t h e d i s c o u n t
r a t e through l e g i s l a t i v e a c t i o n .
24.
L e t t e r from Mr. Glass on January 24, 1923, c o n g r a t u l a t i n g
W.P.G. Harding on becoming governor o f t h e Boston F e d e r a l
Reserve bank, s t a t i n g t h a t i t was a p i t y t h a t a P r e s i d e n t
had n o t been e l e c t e d , who would have been ready t o
p r o t e c t t h e banking system o f t h e c o u n t r y from p o l i t i c a l
a t t a c k s , and s u g g e s t i n g t h a t , g i v e n t h e r e c e n t a p p o i n t ments, i t would be p r a c t i c a l l y i m p o s s i b l e f o r t h e system
t o survive i n t a c t .
25-
L e t t e r o f October 18, 1922, from Mr. Glass t o George W.
D e i t r i c k o f Hopewell, V i r g i n i a , s t a t i n g t h a t he had done
n o t h i n g about g e t t i n g W.P.G. Harding r e a p p o i n t e d as
governor o f t h e F e d e r a l Reserve Board, l a r g e l y because
he f e l t t h a t h i s o p i n i o n c a r r i e d no w e i g h t w i t h t h e
P r e s i d e n t , a l t h o u g h he would p r e f e r t o see Mr. Harding
remain a t t h e Job.
26.
H a n d w r i t t e n n o t e from W.P.G. Harding t o Mr. Glass on
September 2 , 1922, s t a t i n g t h a t he has l e a r n e d t h a t
t h e P r e s i d e n t r e f u s e s t o p l a c e Mr. Harding*s name i n
n o m i n a t i o n f o r reappointment t o t h e Board, because o f
h i s f e a r t h a t Senator H e f l i n w i l l c a r r y out h i s t h r e a t
t o invoke s e n a t o r i a l courtesy•
27-
Copy o f a newspaper a r t i c l e p r a i s i n g Mr. Glass f o r a
speech i n b e h a l f o f t h e F e d e r a l Reserve System i s sent
t o him by Mr. H a r d i n g .
53
Box 19 (Page 2)
B«
28,
Correspondence p e r t a i n i n g t o t h e a t t a c k s by Senator
H e f l i n on t h e F e d e r a l Reserve Board and t h e A t l a n t a
F e d e r a l Reserve bank.
29,
L e t t e r s r e l a t i n g t o par c l e a r a n c e o f checks* i n c l u d i n g
a r e p o r t by Charles A. Peple, deputy governor o f t h e
Richmond F e d e r a l Reserve bank* on a c o n t r o v e r s i a l
q u e s t i o n * i n v o l v i n g t h e c o l l e c t i o n system.
30.
S e v e r a l complimentary l e t t e r s from Mr. Glass t o Mr.
Harding upon i m p o r t a n t occasions i n t h e c a r e e r o f t h e
governor•
31.
Newspaper r e p o r t o f a combination o f bankers i n
o p p o s i t i o n t o t h e p o l i c i e s o f t h e F e d e r a l Reserve
System*
32*
Memorandum o f November 17* 1919* from W.P.G* Harding
t o Senator Robert L . Owen, r e l a t i n g t o s p e c u l a t i v e
a c t i v i t i e s by t h e F e d e r a l Reserve Banks.
33.
Response by Mr. Glass t o Harding 1 s statement d i s p a t c h e d
t o Senator Owen.
Correspondence w i t h Charles S. Hamlin
1.
L e t t e r f r o m Mr. Glass t o Charles S. Hamlin on December
18, 1934, concerning t h e i m p r o p r i e t y o f t h e F e d e r a l
Reserve B o a r d , t h e Insurance o f D e p o s i t s C o r p o r a t i o n ,
or any i n s t i t u t i o n , o t h e r t h a n Congress, p l a c i n g l i m i t s
on t h e r a t e o f i n t e r e s t charged on t i m e d e p o s i t s by
s t a t e banks, which were n o t members o f t h e F e d e r a l
Reserve System.
2.
Copy o f a November 7 , 1929, l e t t e r from Mr* Glass t o
W.P.G. H a r d i n g , d i s c u s s i n g t h e d i s t r i b u t i o n o f a g r e a t e r
p o r t i o n o f t h e e a r n i n g s o f t h e F e d e r a l Reserve System
t o t h e member banks, r a t h e r t h a n t o t h e government,
as an i n c e n t i v e t o membership i n t h e System, and
s e t t i n g f o r t h the d e s i r a b i l i t y of preventing stock
gambling t h r o u g h p u n i t i v e l e g i s l a t i o n .
3.
Note from Governor Eugene Meyer, o f t h e F e d e r a l Reserve
B o a r d , on December 6 , 1932, accompanying a statement
t o t h e e f f e c t t h a t "Congress has t h e c o n s t i t u t i o n a l
power t o e s t a b l i s h a u n i f i e d commercial banking system
under n a t i o n a l s u p e r v i s i o n . s f
53
Box 19 (Page 2)
L e t t e r t o Mr* Glass from Charles S. Hamlin on June
1 $ 1935> q u o t i n g an e n t r y i n h i s d i a r y , e x p r e s s i n g
t h e o p i n i o n . t h a t Mr. Glass was i n a p o s i t i o n t o
s t r e n g t h e n t h e F e d e r a l Reserve Board and t o make i t
a l e g a l l y independent body, i f he would work t o have
t h e F e d e r a l Reserve Act amended i n t h e manner proposed
a t t h a t t i m e . Hamlin o f f e r s t o d i s c u s s t h i s m a t t e r
a t t h e convenience o f Mr* Glass,
5.
L e t t e r from Mr* Glass t o S e c r e t a r y o f t h e I n t e r i o r *
Harold L . I c k e s , on March 31, 1935* d e f e n d i n g c e r t a i n
government loans merely as a means o f i n c r e a s i n g
employment, and n o t , a c c o r d i n g t o t h e i n t e r p r e t a t i o n
o f Mr. I c k e s , as a method o f r e v i s i n g t h e s o c i a l
structure.
The q u e s t i o n o f whether p r o j e c t s are t o
i n v o l v e work r e l i e f , or mere r e l i e f , i s a p a r t o f
the discussion.
6.
l a t t e r from Mr, Hamlin t o Mr. Glass on January 22,
1926, - l i s t i n g t h e names o f some men t o whom p o s i t i o n s
on t h e F e d e r a l Reserve Board had been o f f e r e d .
C.
Correspondence w i t h C o r d e l l H u l l , S e c r e t a r y o f S t a t e .
D.
Correspondence w i t h Pat H a r r i s o n , o f t h e Democratic
N a t i o n a l Committee.
1.
B r i e f , i n c o n c l u s i v e correspondence, c o n c e r n i n g
defense i n Congress by Robert Owen o f c e r t a i n s p e c i a l
o i l interests.
E»
H i s t o r y o f t h e c o n n e c t i o n between Mr. Glass and t h e
Xffnchbur^; Hews.
F»
Correspondence c o n c e r n i n g Herbert Hoover.
1.
Note from P r e s i d e n t Hoover on November 13, 1931*
e n c l o s i n g a statement o f h i s c o n c e r n i n g Mortgage
D i s c o u n t Banks, about which he and Mr. Glass had
talked.
2.
S e v e r a l l e t t e r s i n v o l v i n g Mr. Glass and Joseph!us
D a n i e l s , N o r t h C a r o l i n e newspaper e d i t o r , which r e f l e c t
u n f a v o r a b l y upon Mr.. Hoover•
3.
Note .from -President Hoover t o Mr. Glass on December 2 ,
1931* e n c l o s i n g an o p i n i o n , s u b m i t t e d t o him by t h e
A t t o r n e y General* t o t h e e f f e c t t h a t t h e Congressional
power t o r e g u l a t e i n t e r s t a t e commerce d i d n o t i n c l u d e
14
BoxJ^
(Page 7)
t h e power t o r e g u l a t e commercial b a n k i n g .
Thus £
commercial banks c o u l d n o t be compelled t o become
members o f t h e F e d e r a l Reserve System*
G<
H.
Correspondence w i t h C o l o n e l B. M* House.
1,
Correspondence d u r i n g December 15, 1919* between Mr,
Glass and C o l o n e l House, c o n c e r n i n g a successor f o r
Glass as S e c r e t a r y o f t h e T r e a s u r y . Glass recommends
R u s s e l l C L e f f i n g w e l l , c i t i n g h i s stand i n o p p o s i t i o n
t o t h e p o l i c i e s o f Benjamin S t r o n g and t h e New York
F e d e r a l Reserve bank o f f i c i a l s .
House responds t h a t
he had f a v o r e d Mr. Roper, o f t h e I n t e r n a l Revenue
Bureau, b u t was then i n c l i n e d t o concur i n t h e o p i n i o n
o f Mr. Glass t h a t L e f f i n g w e l l would be t h e best person
f o r the j o b .
2.
Copy o f a l e t t e r o f December 11, 1919* from Mr. Glass
t o . W i l l i a m G. McAdoo, d i s c u s s i n g p o s s i b l e successors
a t t h e Treasury Department. I t i s suggested t h a t i t
would be unwise t o remove Mr Roper from h i s p l a c e a t
t h e I n t e r n a l Revenue Bureau; t h e appointment o f Mr.
W i l l i a m s i s looked upon w i t h f a v o r , except t h a t i t i s
f e l t by Mr. Glass t h a t a southerner should be appointed*
I n view o f t h e Republican c r i e s o f s e c t i o n a l i s m j
Charles Hamlin i s considered an e x c e l l e n t c h o i c e ,
except f o r t h e l i k l i h o o d o f h i s s u r r e n d e r i n g t o o u t s i d e
i n f l u e n c e s | m m j e x c e l l e n t reasons a r e o f f e r e d i n
f a v o r o f R u s s e l l C. L e f f i n g w e l l •
3j.
Telegram dated September 18, 1913, from E. M. House t o
' M r . G l a s s , c o n g r a t u l a t i n g him upon 11 t h e passage o f t h e
currency b i l l *
4c
Copy o f a l e t t e r from Mr* Glass t o P r e s i d e n t W i l s o n on
September 2 9 , 1921, c o n c e r n i n g t h e s i t u a t i o n w i t h
r e s p e c t t o r a t i f i c a t i o n o f t h e German t r e a t y .
Foreign a f f a i r s
1.
L e t t e r from Mr Glass t o A. W. M e l l o n , S e c r e t a r y o f t h e
T r e a s u r y , c o n c e r n i n g c e r t a i n cables from Mr. M e l l o n *
which were o f a c o n f i d e n t i a l n a t u r e and which Glass
i n t e n d e d t o f i l e , a l t h o u g h c o n t i n u i n g t o h o l d them i n
confidence.
53
Box 19 (Page 2)
2.
Note t o President Wilson from Mr. Glass on .February
2 6 , 1919, recommending t h a t the r e q u e s t of a f o r n e r
Treasury o f f i c i a l t o work a t the forthcoming Pesos
Conference be f a v o r a b l y considered.
3.
3.
Correspondence r e l a t i n g t o the peace t r e a t y w i t h
Germany, the Kellogg P a c t , and t h e Treaty of V e r s a i l l e s .
I.
Correspondence i n v o l v i n g David P. Houston and Charles S.
Hamlin, concerning the r e l a t i v e positions of Great B r i t a i n
and the United S t a t e s , regarding c e r t a i n aspects of t h e
German peace t r e a t y .
J.
Copy of a speech by Frank Kent about Mr. Glass.
K.
Correspondence r e l a t i n g t o the Democratic National Convention
of 1924, a t which time there was a s l i g h t p o s s i b i l i t y t h a t
Mr. Glass would be nominated f o r the presidency.
L.
L e t t e r from Mr. Glass t o President Harding on March 2 ,
1923, i n which Glass refuses t o serve on the Debt Funding
Commission. Also a statement by Mr. Glass, prepared upon
request of the New York Times, expressing r e g r e t a t the
death of President Harding.
M.
Note from Warren G. Harding on March 3 , 1923, s t a t i n g t h a t
he regretted t h a t Mr. Glass could not serve on the Debt
Funding Commission.
N.
Correspondence w i t h Walter Edward H a r r i s , e d i t o r of a
Petersburg, V i r g i n i a , newspaper.
0.
1.
Correspondence concerning a supposed inconsistency i n
the a t t i t u d e of Mr. Glass toward the powers >of the
Federal Reserve Board. Mr. Glass minimizes-the controversy.
2.
Correspondence r e l a t i n g t o an a r t i c l e by Mr. Glass,
c r i t i c i z i n g the McFadden bank b i l l .
3.
B r i e f correspondence i n which Mr. Glass assures Mr. Harris
of h i s continued opposition to Colonel House.
L e t t e r of November 28, 1919, t o R. D. H a i s l i p of Staunton,
V i r g i n i a , concerning the German peace t r e a t y .
53
Box 19 (Page 2)
P.
L e t t e r t o Judge Robert C. Jackson on March 28, 1920,
concerning the problems r e l a t i n g t o the Treaty of
V e r s a i l l e s and the positions of various persons w i t h
respect t o the r e s u l t i n g controversies,
Q.
Several r e l a t i v e l y lengthy l e t t e r s from Mr. Glass t o
Walter Lippraan during 1933* concerning the N a t i o n a l
Recovery Act and the e f f e c t on the reserve p o s i t i o n of
the Federal Reserve System as a r e s u l t of e i t h e r a
devaluation of the d o l l a r or the confiscation by the
government of the gold holdings of the banks.
R,
Correspondence w i t h Russell C. L e f f i n g w e l l .
S.
1.
L e t t e r s r e l a t i n g t o the r e s p o n s i b i l i t y of the Federal
Reserve System f o r the depression and the proposed
course of action f o r the System as of J u l y , 1933Mr. Glass and Mr. L e f f i n g w e l l do not agree upon the
points discussed i n these l e t t e r s . Glass severely
c r i t i c i z e s the Federal Reserve p o l i c y of purchasing
government s e c u r i t i e s i n a f u t i l e attempt t o r e s t o r e
the c r e d i t s t r u c t u r e of the country.
Leffingwell
states t h a t monetary management o f f e r s the s o l u t i o n
t o economic recovery and t h a t the r e t u r n t o a gold
standard should await such recovery.
2.
Statements by Russell C. L e f f i n g w e l l attempting t o
e x p l a i n the loss of. export trade by the United S t a t e s .
3.
L e t t e r of July 12, 1933» from Mr. Glass t o Mr. L e f f i n g w e l l
s t a t i n g t h a t ( 1 ) three provisions of the Glass b i l l had
been included "upon urgent Administration r e q u e s t , " but
t h a t , ( 2 ) although having accepted the suggestions of
the President, Mr. Glass had not changed his own views,
which he had previously expressed t o Mr. L e f f i n g w e l l .
Mr. Glass devotes a lengthy paragraph t o c r i t i c i z i n g
Mr. L e f f i n g w e l l f o r his apparent acceptance of c e r t a i n
of the schemes put i n t o e f f e c t during the Roosevelt
a d m i n i s t r a t i o n . Mr. Glass r e f e r s p a r t i c u l a r l y t o the
gold embargo and the closing of the banks.
Correspondence w i t h Norman H. Davis during January, 1927,
admitting t h a t a speech, made by E l l h u Root i n defense of
the League of Nations, was q u i t e worthy of p r a i s e , but
remarking t h a t the time t o have made such remarks was during
the f i g h t i n the Senate t o bring the United States i n t o the
League.
53
Box 19 (Page
2)
T*
A r t i c l e e n t i t l e d , " H i s t o r y o f t h e Lynchburg Mews/ 1
U.
Correspondence, n o t always complimentary or n o n - d o g m a t i c ,
between Mr. Glass and Hugh S Johnson, a d m i n i s t r a t o r o f
t h e n a t i o n a l Recovery A d m i n i s t r a t i o n .
V.
Copy o f a Senate speech, made by Mr. Glass on February 11,
1930, opposing t h e c o n f i r m a t i o n o f Charles Evans Hughes
as a member o f t h e Supreme C o u r t . One o f t h e p r i m a r y
reasons f o r t h e o p p o s i t i o n o f Mr. Glass t o Hughes was h i s
d e c i s i o n i n t h e Shreveport case, on t h e b a s i s o f which t h e
s t a t e s l o s t a l l v e s t i g e o f c o n t r o l over i n t e r - s t a t e commerce.
¥.
Copy o f a l e t t e r , marked " s t r i c t l y personal, 1 1 from Mr.
Glass t o C o r d e l l H u l l , S e c r e t a r y o f S t a t e , on August 3*
1936, c o n c e r n i n g t h e r e s t r i c t i o n s on t h e conduct o f f o r e i g n
trade.
X.
Correspondence between Mr. Glass and Harold L . I c k e s ,
S e c r e t a r y o f t h e I n t e r i o r , concerning t h e conduct o f
r e l i e f and work r e l i e f programs and t h e l e g i s l a t i o n
c r e a t i n g these programs.
Correspondence w i t h Pat H a r r i s o n , o f t h e Democratic N a t i o n a l
Committee, concerning p a r t y p o l i t i c s .
18
Box 12
P e r s o n a l correspondence
(M~N)
A* Correspondence w i t h Eugene Meyer, Governor o f t h e
F e d e r a l Reserve B o a r d .
||
i
ij
•
;ji,
1.
P e r s o n a l correspondence w i t h b o t h Mr. and Mrs. Meyer,
2.
Statement on March 14, 1933* by Eugene Meyer t h a t i t
was n o t c o n s i d e r e d w i s e by t h e F e d e r a l Reserve Board
t o p e r m i t t h e r e s e r v e banks t o make d i r e c t l o a n s t o
s t a t e banks and t r u s t companies *
3o
Copy o f a January 9# 1933* s t a t e m e n t by t h e b o a r d ,
c i t i n g t h e v a l u e o f p r o v i s i o n s whereby advances c o u l d
be made t o member banks w h i c h d i d n o t possess s a t i s f a c t o r y e l i g i b l e p a p e r , on t h e b a s i s o f w h i c h c r e d i t
m i g h t be e x t e n d e d . The board went f u r t h e r , t o a c c e p t
the recommendation o f the F e d e r a l A d v i s o r y C o u n c i l ,
t h e F e d e r a l Reserve a g e n t s , and t h e g o v e r n o r s o f t h e
F e d e r a l Reserve banks, t h a t t h e r e s e r v e banks r e t a i n
the p r l v l l e d g e of pledging d i r e c t obligations of the
United S t a t e s as c o l l a t e r a l s e c u r i t y f o r F e d e r a l
Reserve notes»
4o
Statement o f November 2 5 , 1932, f r o m Eugene Meyer,
s t a t i n g t h a t an o p i n i o n f r o m t h e l e g a l a d v i s o r t o t h e
board i s f o r t h c o m i n g * w h i c h w i l l r e n d e r t h e o p i n i o n
t h a t Congress has t h e power t o c r e a t e a u n i f i e d b a n k i n g
system •
,,
|L(;.:!p|r
if
I ji:
• !:
jljj
:^
B r i e f memoranda f r o m t h e F e d e r a l Reserve Board on March
2f! 9 i 1932* c o n c e r n i n g t h e amount o f I n v e s t m e n t s e c u r i t i e s
o f any one o b l i g o r w h i c h m i g h t be h e l d by any n a t i o n a l
b a n k , and r e l a t i n g t o t h e powers o f t h e board over t h e
e s t a b l i s h m e n t o f d i s c o u n t r a t e s by t h e r e s e r v e banks»
6*
Note t o Mr. G l a s s , w r i t t e n on June 1 5 , 1932, by Eugene
Meyer, on s t a t i o n e r y b e a r i n g t h e l e t t e r h e a d o f t h e *
R e c o n s t r u c t i o n Finance C o r p o r a t i o n *
?«
Memoranda from Governor Meyer on June 3* 1932, t o Senator
P e t e r Norbeck, chairman o f t h e Banking and Currency
Committee, p o i n t i n g out t h a t pending l e g i s l a t i o n would
r e p e a l t h e p r o v i s i o n o f ah e a r l i e r b i l l * sponsored by
Mr. Norbeck, whereby c e r t a i n o b l i g a t i o n s o f t h e F e d e r a l
I n t e r m e d i a t e C r e d i t Banks were made e l i g i b l e b o t h f o r
purchase by F e d e r a l Reserve banks and as s e c u r i t y f o r
advances by t h e r e s e r v e banks t o member banks *
Bbx 5
(Page 2 )
8.
Note from Mr. Meyer on March 26, 1932, r e p o r t i n g
progress i n consideration, by several members of the
board, of a b i l l presented by Mr. G l a s s . The b i l l was
not f e l t by Meyer t o be e n t i r e l y s a t i s f a c t o r y .
9„
L e t t e r of March 2 1 , 1932, t o Eugene Meyer from Mr. Glass,
s t a t i n g the p o s i t i o n of the Banking and Currency Comm i t t e e w i t h respect t o claims on the p a r t of the Federal
Reserve Board t h a t i t s views were not given adequate
consideration I n the formulation of the l a t e s t banking
legislation.
10.
L i s t of suggested amendments t o the Reconstruction
Finance Corporation A c t , compiled by Eugene Meyer on
December 2 9 , 1931.
11.
Statement by Governor Meyer on February 10, 1931,
expressing confidence i n the a b i l i t y of the Federal
Reserve banks i n those regions, experiencing drought
conditions, t o meet the e x t r a requirements of member
banks, and reminding Mr. Glass t h a t i t was possible
f o r one Federal Reserve bank t o rediscount f o r another
reserve, bank.
12.
Memorandum from Mr. Meyer on February 6 , 1931, presenting
Federal Reserve policy w i t h respect t o the s i t u a t i o n i n
wh£ch an employee of a Federal Reserve bank held a
p o s i t i o n as d i r e c t o r of another bank.
13.
I h response t o commendation by Angus W. McLean of the
M approval by the Senate Banking and Currency Committee
of the appointment of Eugene Meyer as governor of the
Federal Reserve Board, Mr. Glass s t a t e s t h a t he was
c e r t a i n t h a t Mr. Meyer would be c o n f i r m e d , d e s p i t e t h e
current, opposition o f Senator B r o o k h a r t ,
14.
Miscellaneous correspondence i n v o l v i n g Eugene Meyer.
Correspondence w i t h Attorney General W i l l i a m D. M i t c h e l l ,
concerning the method of a r r i v i n g a t the decision t h a t
banking a f f i l i a t e s were l e g a l .
Miscellaneous correspondence, including a t e l e g r a m from
Rixey Smith t o Mr. Glass, r e l a t i n g the opinion of Eugene
Meyer, rendered i n May, 1932, t h a t t h e . U n i t e d States would
remain on the gold standard.
ao
BoxJ>
(Page 3)
Do
Correspondence w i t h Andrew Mellon u S e c r e t a r y o f t h e
T r e a s u r y , on January 18 and January 19* 1932, wherein Mr,
M e l l o n answers a q u e s t i o n by Mr* Glass by s t a t i n g t h a t t h e
Treasury Department f e e l s t h a t no loans were made? nor were
c r e d i t s e s t a b l i s h e d t o f o r e i g n governments w i t h o u t l e g a l
authorityo
Ee
Miscellaneous
letters
la
L e t t e r from A« P. M i l l e r , o f t h e F e d e r a l Reserve Board*
on November 16, 1934, h i g h l y complimenting Mr* Glass on
h i s work i n c o n n e c t i o n w i t h t h e F e d e r a l Reserve System *
Mr* M i l l e r w r o t e on t h e t w e n t i e t h a n n i v e r s a r y o f t h e
opening o f t h e F e d e r a l Reserve banks and expressed t h e
t h o u g h t t h a t , had i t n o t been f o r t h e e f f o r t s o f Mr«
G l a s s , t h e c h a r t e r s o f t h e banks might on t h a t day
have e x p i r e d and t h e h i s t o r y o f t h e system m i g h t have
p a r a l l e l e d t h a t o f t h e F i r s t and Second Bank o f t h e
United States.
2o
Note o f November 16, 1936, from Henry Morgenthau,
S e c r e t a r y o f t h e T r e a s u r y , c o n g r a t u l a t i n g Mr. Glass upon
h i s r e - e l e c t i o n t o t h e Senate and a s s u r i n g him o f t h e
c o o p e r a t i o n o f t h e Treasury Department*
3o
^ ,
!|! ;j;j;l, ,
S o c i a l n o t e from James A. F a r l e y , Postmaster G e n e r a l , on
January 10, 1940.
r;
1
j! if
f
L e t t e r from J . Edgar Hoover on A p r i l 19* 1940*
1
*
Note from Senator C u r t i s on June 2 0 , 1928*
N o t e , w r i t t e n on November 6 , 1912, t o Mr. G l a s s , a s k i n g
support f o r t h e w r i t e r as speaker o f t h e House d u r i n g
t h e coming session*
P*
Correspondence w i t h G, W a l t e r Mapp, c o n c e r n i n g t h e support o f
H a r r y F* Byrd f o r Governor o f V i r g i n i a , r a t h e r t h a n Mr. Mapp,
and s e t t i n g f o r t h h i s p o s i t i o n f a v o r i n g woman s u f f r a g e o n l y
f o r p o l i t i c a l reasons*
G.
Correspondence w i t h W i l l i a m G« McAdoo*
1*
Personal and p o l i t i c a l
2.
Correspondence r e l a t i n g t o a t t a c k s by c e r t a i n Senators
a g a i n s t Mr. McAdoo.
3,
Answer on November 19, 1923* W Mr. Glass t o Mr. McAdoo,
s e v e r e l y c r i t i c i z i n g t h e F e d e r a l Reserve Board f o r i t s
u n f a v o r a b l e a t t i t u d e toward branch banking and a t t e m p t i n g
t o r e f u t e t h e statements by C o m p t r o l l e r Dawes, c o n c e r n i n g
correspondence.
53
Box 19 (Page 2)
v i o l a t i o n o f the " s p i r i t o f t h e F e d e r a l Reserve A c t . "
I n a l e t t e r o f October 16, 1923s. t o McAdoo, Mr. d i s s s
mentions h a v i n g a t t e n d e d meetings o f a j o i n t congressi o n a l committee, which was c o n s i d e r i n g t h e reasons f o r
f a i l u r e o f s t a t e banks t o t a k e advantage o f membership
i n t h e F e d e r a l Reserve System.
5„
L e t t e r of March 7 , 1923* t o Mr, McAdoo, p e r t a i n i n g t o
c e r t a i n p o l i t i c a l a f f a i r s involving Robert Owen and
W i l l i a m Jennings Bryan, and strongly c r i t i c i z i n g Jofcn
Skelton Williams and Senator H e f l i n f o r t h e i r a t t a c k s
upon the Federal Reserve System*
6.
Personal l e t t e r t o Mr. Glass frora W i l l i a m G. McAdoo
on May 7 , 1923, o f f e r i n g the opinion t h a t "the F e d e r a l
Reserve Board, as Harding has constituted i t , i s
extremely weak and incompetent*" Speaking of t h e branch
banking s i t u a t i o n i n C a l i f o r n i a , McAdoo says, " I have
never been so disgusted w i t h the incompetence and
provincialism of a great a d m i n i s t r a t i v e body as I have
The strengthening of the Board
been w i t h t h i s one.
i s proposed.
7«
An exchange of c o n f i d e n t i a l l e t t e r s between McAdoo and
Glass d u r i n g March, A p r i l and May, 1924, along w i t h
other correspondence, r e l a t i n g t o p o l i t i c a l a f f a i r s .
<
i i
i' ! 8 .
L e t t e r s r e l a t i n g t o the German peace t r e a t y .
!
'l v 9« L e t t e r frost W i l l i a m McAdoo on J u l y 7 , 1922 a e x p r e s s i n g
j;i;;
| uncertainty about the proposal of the Secretary of the
.jjjlfreasury, Mellon, w i t h respect t o the funding of the
if
' j f o r e i g n debt of the U. S.
10.
Correspondence regarding the Federal Farm Loan Systemo
11.
Another copy of the l e t t e r of December 11, 1919, t o
Mr. McAdoo, i n which Mr. Glass recommends R. C„ L e f f i n g w e l l
as h i s successor as Secretary of the Treasury, i n p r e f e r ence t o s e v e r a l other men, including C. S* Hamlin and
John Skelton W i l l i a m s .
12.
L e t t e r from Charles S. Hamlin a t the Federal Reserve Board
on December 19, 1919» suggesting t h a t Mr. Glass v e r i f y
the accuracy of c e r t a i n f i g u r e s being used by the
Treasury Department.
13.
Favorable consents by Mr. McAdoo about the book, An
Adventure i n Constructive Finance, by Mr. G l a s s . "TfcAdoo
suggests 'that h i s l f f l e s J i i i g h t ~ S a v e added t o the value o f
one of the chapters of the book.
\
22
BoxJ.
(Page 5)
14.
A s e r i e s o f l e t t e r s between Glass and McAdoo® d i s c u s s i n g
the h i s t o r y o f F e d e r a l Reserve l e g i s l a t i o n «
I n one o f
t h e l e t t e r s Mr. Glass accepts t h e e x p l a n a t i o n by Mr.
McAdoo t h a t the Untermyer-Owen scheme, w i t h w h i c h he
had been a s s o c i a t e d by Mr. G l a s s , had m e r e l y been one
o f numerous p l a n s w h i c h he had examined.
15.
Another l e t t e r , w r i t t e n by Mr. Glass on March 4 , 1927,
t o W i l l i a m McAdoo, d e a l i n g w i t h the continued opposition
by Paul M. Warburg t o c e r t a i n of the provisions of the
F e d e r a l Reserve A c t , i n c l u d i n g the par clearance o f
checks and continuous rediscounting o p e r a t i o n s , even when
no emergency s i t u a t i o n e x i s t e d .
16.
McAdoo s t a t e s i n a l e t t e r of February 2 4 , 1927, t h a t ,
d e s p i t e the opposition of Paul Warburg, who sought
c e r t a i n changes i n the a c t , he exercised h i s power, as
Treasury S e c r e t a r y , t o give the word f o r the opening
o f t h e F e d e r a l Reserve banks l a t e i n 1914.
17o
I n a note of J u l y 19, 1927, R u s s e l l C. L e f f i n g w e l l a d v i s e s
M r . Glass t o i g n o r e a p a m p h l e t , p r e p a r e d by Samuel
U n t e r m y e r , so as t o a v o i d d e g r a d i n g c o n t r o v e r s y «
18.
Correspondence, r e l a t i n g t o c r i t i c i s m s of post-war loans
by the Treasury, w i t h Mr. L e f f i n g w e l l .
19.
I n a note t o R. C. L e f f i n g w e l l on A p r i l 1 2 , 1928, Mr.
Glass s t a t e s t h a t " t h e one r e a l disappointment of my
public l i f e was my f a i l u r e t o Induce President Wilson
t o g i v e the merited honor of appointment as S e c r e t a r y
of the Treasury as my successor."
i ! ,
20^! Memorandum f o r the Secretary of the Treasury on September
2 6 , 1919, concerning the refunding of loans t o f o r e i g n
governments.
H.
21.
L e t t e r s and a r t i c l e s p e r t a i n i n g t o the r e d u c t i o n of the
n a t i o n a l d e b t , p a r t i c u l a r l y w i t h r e f e r e n c e t o the
apportionment of c r e d i t f o r the task of r e d u c t i o n .
22i
I n a l e t t e r of July 15, 1927, t o R. C. L e f f i n g w e l l , Mr.
Glass l i s t s the occasions upon which Samuel Untermyer
was excluded from any p a r t i n f i n a n c i a l l e g i s l a t i o n .
Correspondence w i t h Senator Kenneth D. McKellar.
1.
L e t t e r from
McKellar on
Bank Act be
on deposits
£ . M. H a l l , of Memphis, Tennessee, t o Senator
January 15, 1937, asking t h a t the N a t i o n a l
amended
t h respect t o the payment of I n t e r e s t
of the government.
Box 5
2*
(Page 6}
l e t t e r from Glass t o McKellar on December
19^5*
m e n t i o n i n g t h e e x e r t i o n o f i n f l u e n c e by Governor Molea,
o f t h e F e d e r a l Reserve Boards on b e h a l f o f a f r i e n d
.of Mr* Glass* who wanted a Job as an engineer w i t h
t h e R e c o n s t r u c t i o n Finance C o r p o r a t i o n *
W r i t i n g t o H a t h & n l « l C* Hanson on J u l y 28* 1 8 9 ^ C a r t e r
Glass d e c l i n e d t h e o p p o r t u n i t y t o r u n f o r t h e o f f i c e o f
Mayor * p r e f e r r i n g newspaper work t o p o l i t i c s - , Mr* Glass*
said at t h a t time* " a f t e r the f u l l e s t d e l i b e r a t i o n * 1
have c h e e r f u l l y concluded t h a t I was n o t c u t out f o r a
p o l i t i c i a n i n any p a r t i c u l a r / 1
Correspondence w i t h George F* M i l t o n * who was d o i n g r e s e a r c h
on Stephen A* Douglas, and had found l e t t e r s t o Douglas
from Robert H« Glass,, C a r t e r * s f a t h e r . Mr, M i l t o n was
I n t e r e s t e d I n t h e response made by Mr* Douglas t o themt
letters©
24
Box 12
L e t t e r s t o P r e s i d e n t R o o s e v e l t from G l a s s , and f r o m Glass
t o President Roosevelt, 1931-33.
1.
C l i p p i n g from the Washington Post regarding Glass on
t h e New D e a l , 8 A p r i l , 1932*.
2.
C l i p p i n g regarding the status of gold bonds i n the
English c o u r t s .
3„
C l i p p i n g r e g a r d i n g funds f o r t h e Works Progress Adminis t r a t i o n and economic recovery.
4.
Crusaders f o r economic l i b e r t y i n a l e t t e r t o Governor
Roosevelt, w a r n i n g R o o s e v e l t against Glass 1 I l l u s i o n .
5.
C l i p p i n g regarding, gold standard backers, 14 November,
1933, and the New Deal.
6.
L e t t e r of Nelson Chenery regarding branch banking i n
New f o r k *
7.
Glass l e t t e r t o F . D . R . regarding appointees t o PDIC
Board, 10 August 1933.
8.
L e t t e r t o e d i t o r of T r a n s c r i p t , 6 March 1934* Marked
important by G l a s s . Contains s e v e r a l s i g n i f i c a n t sections
of statements a t t r i b u t e d t o P.D.R. i n 1932.
1
^ L e t t e r of Glass, 4 February 1932, t o P i e r r e delBoab
%
' i r,!the S t a t e Department r e g a r d i n g statement a t t r i b u t e d
!
W i l l i s , t o which French o f f i c i a l s
of
to
object.
ee l e t t e r s t o W i l l i s regarding r e p r e s e n t a t i o n of
of! [ t h e Bank o f F r a n c e , 4 November 1931*
officials
11®
L e t t e r o f 29 A p r i l 1933* t o t h e P r e s i d e n t , d e s i g n a t e d
u n o f f i c i a l and c o n f i d e n t i a l , r e g a r d i n g W i l l i s 1 statements
12.
L e t t e r , 6 J u l y 1935, c h a r a c t e r i s e s W i l l i s as a f f i l i a t e d
with i n t e r n a t i o n a l bankers.
13*
Memo, 23 June 1936, t o t h e P r e s i d e n t r e g a r d i n g R o b e r t
S t e w a r t as a member o f t h e F e d e r a l Reserve Board i n w h i c h
s e v e r a l o t h e r s a r e mentioned.
14»
F*B*R. t o G l a s s , 2 1 F e b r u a r y 1935* mentions among o t h e r
t o p i c s , o b j e c t i o n s t o u n d e r w r i t i n g by commercial banks«
53
Box 19 (Page 2)
15*
Many o t h e r l e t t e r s t o and from P«D*R« on v a r i o u s
s u b j e c t s but no o t h e r s mention the F e d e r a l Reserve
system•
16•
L e t t e r o f D r , T e r r e l l a d v i s i n g Glass n o t t o accept t h e
p o s i t i o n o f S e c r e t a r y o f the Treasury* 2 February 1933 -
17*
L e t t e r from Glass t o Raymond Moley*
18*
Qiaos t o Byrd r e g a r d i n g appointment t o the 'Treasury*
k February 1933®
19*
Statement by Glass t o t h e press as t o why he d e c l i n e d
t o be a p p o i n t e d S e c r e t a r y o f t h e Treasury* 22 February
1933*
20*
Statement f o r t h e press on Glass ? reasons f o r
t h e Treasury p o s t * l o d a t e *
ii;..
f:
w'
l|l
!
declining
53
Box 19 (Page 2)
21.
V i r g i n i a Democratic Platform, probably w r i t t e n by
Glass, 10 June 1932.
22.
Glass t o Norman Hamilton regarding h i s e d i t o r i a l and
Glass* objection t h e r e t o , 15 December 1926.
Editorial
i n Portsmouth paper.
23.
Wilson's l e t t e r approving the V i r g i n i a Democratic
p l a t f o r m , 28 May 1920.
Glass l e t t e r t o Sam Small regarding V i r g i n i a Democratic
p l a t f o r m , 18 August 1920.
25,
Release, 23 October 1928, of Democratic N a t i o n a l Committee
regarding Glass on Borah.
26,
A c l i p of l e t t e r s regarding the Wilson a d m i n i s t r a t i o n ,
Including two on the currency system.
2J.
L e t t e r t o Norman Hamilton regarding his e d i t o r i a l i n
the Portsmouth S t a r .
28*
The V i r g i n i a d e l e g a t i o n ' s support of McAdoo, 15 December
1926, r e p l y i n g t o above l e t t e r .
29.
L e t t e r from Wilson t o Glass p r a i s i n g V i r g i n i a p l a t f o r m .
30.
L e t t e r t o Sam Small regarding democratic p l a t f o r m .
31.
Release by the Democratic N a t i o n a l Committee of Glass*
r a d i o statement on Borah's p o s i t i o n r e l a t i v e t o Hoover,
23 October 1938.
32.
L e t t e r of Glass t o Wilson, 7 November 1912, asking f o r
an interview regarding the currency system and other
m a t t e r s , which are the purpose of the desired I n t e r v i e w .
33»
L e t t e r t o Wilson regarding ABA backing f o r A l d r l c h
lank B i l l .
Glass' l e t t e r t o Owen, 28 March 1935, responding t o
Owien l e t t e r of 28 A p r i l 1935 i n which Owen attacked
Glass.
35-
L e t t e r t o New York Times, 19 August 1920, regarding
Professor Meeker's address a t the Wllllamstown I n s t i t u t e .
Flhds f a u l t w i t h Meeker because of his Ignorance of
economics.
Box 6
{Page 4)
Glass 1 ' ' l e t t e r t o P M l a d d l g M a Record
speculation^ margln^radlng";"eWTT'Tl
a l s o r e l a t i v e t o Charles E* M i t c h e l l ,
Board o f Governors* and' h i s p o s i t i o n
on t h e s t o c k market
October 1929* ^nd
a member o f t h e
on s p e c u l a t i o n *
Statement t o t h e New York Times i n t h e Glass f i l e
"Letters to e d i t d a n g e r
t h a t the
c o u n t r y "was w i t h i n two weeks o f b e i n g d r i v e n o f f t h e
g o l d s t a n d a r d * " This statement a t t r i b u t e d t o Glass by
Senator Watson, s a i d t o have been made a t a conference
w i t h t h e Presidents
Commenti
M a t e r i a l s i n t h i s box a r e o f much p o l i t i c a l
i n t e r e s t but t h e r e i s n o t h i n g o f s i g n i f i c a n c e
r e l a t i v e t o t h e F e d e r a l Reserve system or
r e l a t e d matters *
28
Bog 7
P e r s o n a l correspondence
(S-U)
A.
Correspondence o f a p o l i t i c a l n a t u r e w i t h Claude A.
Swanson. (Two f o l d e r s )
B.
Two copies i n t y p e w r i t t e n form of an answer prepared by
Mr. a l a s s 9 a f t e r Samuel Unterayer had published a pamphlet
p u r p o r t i n g t o present the t r u e s t o r y as t o the persons
responsible f o r t h e F e d e r a l Reserve A c t . The t i t l e of t h e
paper by Mr. Glass appears t o be "Vapor vs. the Record
C.
Miscellaneous speeches.
1.
Copy o f a speech by C a r t e r Glass a t a Senate caucus
on January 2 3 , 1900.
2.
Copy of the address, made by Mr. Glass before the
Economic Club of Hew York, during the period of
Congressional consideration of currency l e g i s l a t i o n , .
3.
Copy of a speech by Mr. Glass t o a graduating class a t
V i r g i n i a Polytechnic I n s t i t u t e a t approximately 1910.
4.
Speech by Mr. Glass before a c o n s t i t u t i o n a l convention
i n V i r g i n i a on September 5 , 1901, suggesting t h a t the
f i n a l product be approved by the people of the s t a t e •
]'', 'i i ;
;|
5.
^ 1
Speech upon the o c c a s i o n of t h e d e d i c a t i o n o f a
memorial a t Warsaw, V i r g i n i a .
'Srji id.'
:>•!;[
Copy of a speech by Mr. Glass i n the Bouse of R e p r e s e n t a t i v e s
on March 8 , 1916, e n t i t l e d , "American R i g h t s on t h e Seas,"
7.
D.
Speech before t h e Bouse on February 7 * 1918, "The T r u t h
About the War Department."
Correspondence r e l a t i n g t o T r e a s u r y m a t t e r s .
1.
A l e t t e r o f defense t o M r . Glass from Samuel UntermysFg
f o l l o w i n g an a t t a c k upon h i s record by Mr. Glass.
2.
Newspaper a r t i c l e s discussing the acceptance by Mr. Glass
o f the p o s i t i o n as Secretary of the Treasury.
3.
A s e r i e s of memoranda covering a wide v a r i e t y of s u b j e c t s ,
i n c l u d i n g c e r t a i n Treasury business.
4.
A statement about Mr. Glass when he became Secretary of
the Treasury.
29
Box 7
(Fag© 2)
5.
Statement of September 11, 1919, presenting the views of
the Treasury Department w i t h respect t o f o r e i g n loans.
6.
A r e p o r t t o the President on February 2 8 , 1919, from
Mr* Glass as Secretary of the Treasury.
7.
Another copy of the statement from Treasury Secretary
Mellon, t o the e f f e c t t h a t no law was v i o l a t e d I n the
extension of c r e d i t t o f o r e i g n governments.
E.
Personal correspondence w i t h Palmer S t . C l a i r , o f Roanoke,
Virginia.
F.
Correspondence w i t h Jouett Shouse, who was a t one t i m e
associated w i t h Mr. Glass i n the Treasury Department, d e a l i n g
w i t h p o l i t i c a l a f f a i r s , p a r t i c u l a r l y W i l l i a m G. McAdoo's
campaign f o r the presidency i n 1924.
G.
Correspondence w i t h George J . Seay, governor of the Richmond
Federal Reserve bank.
L e t t e r from George J . Seay on May 16, 1932, approving
the Glass b i l l then under consideration, opposing the
Goldsborough b i l l , and opposing the guarantee of bank
deposits. Mr. Glass says t h a t same type o f d e p o s i t
guarantee i s i n e v i t a b l e , so t h a t he hopes t o have
accepted the idea of forming a l i q u i d a t i n g c o r p o r a t i o n .
I n a l e t t e r of A p r i l 14, 1930, Mr. Glass states t h a t h i s
banking b i l l w i l l contain provisions f o r branch banking
and a more equal d i s t r i b u t i o n of the earnings of the
Federal Reserve System. Mr. Seay sent s t a t i s t i c s showing
the loss of member banks as a r e s u l t of the p r o h i b i t i o n
agaliist branches.
Copy of a statement showing bank earnings, sent by Mr. Seay*
L e t t e r I n which George Seay notes agreement between
himself and Benjamin M. Anderson, economist of the Chase
N a t i o n a l Bank of New York.
Important l e t t e r from George Seay on March 15, 1928,
e x p l a i n i n g h i s reasons f o r f e e l i n g t h a t the Federal Reserve
System had created too much c r e d i t . The expansion of time
deposits had brought a low r a t i o of required reserves
and t h e excess c r e d i t was f i n d i n g i t s way i n t o the s e c u r i t y
markets, said Mr. Seay. Seay disagreed w i t h O.M.W. Sprague,
who said t h a t the excess c r e d i t i n c i r c u l a t i o n arose fro m
the investment of c a p i t a l savings, r a t h e r than from Federal
Reserve p o l i c y .
53
Box 19 (Page 2)
6„
Paper by George J . Seay, " I l l u s t r a t i n g t h e Expanded
Condition of Bank C r e d i t . "
7.
Mr. Glass wrote on October 2 0 , 1927* t o thank George
Seay f o r advising him upon the decision o f the Federal
Reserve Board i n the Chicago discount r a t e c a s e , Mr.
Seay f e l t t h a t the Board should continue t o exercise
powers o f review over discount r a t e p o l i c y , but should
not be permitted t o d i c t a t e a uniform discount r a t e
f o r a l l the banks.
8.
L e t t e r from George J . Seay on August 12, 1927* advising
against lowering the discount r a t e .
9o
Copy o f an a r t i c l e fro® v.he Bankers Magazine, " C e n t r a l i z i n g
f e d e r a l Reserve C o n t r o l , ' s e n F T o ^ M r V s I i i l * ™ b y George
S&ajf on A p r i l 12, 1927»
Seay compliments Glass on
h i s o $ h a r t i c l e s , designed t o p l a c e c r e d i t f o r F e d e r a l
keser've: l e g i s l a t i o n where i t was due. I n w a r n i n g Mr.
feiaas about renewed attempts t o c e n t r a l i z e the F e d e r a l
'Reserve System by some unrecognized i n d i v i d u a l s , Seay
po'j&ts: out the extreme importance of preserving the
r e g i o n a l aspect o f t h e sys*era.
10.
Copjjr o f several amendments vo the Federal Reserve Act
aimed a t s t a b i l i z i n g the g e r ^ r a l p r i c e l e v e l , f o r w a r d e d
by George Seay, who had received h i s copy fro® James G.
Strong, who planned t o introduce the amendments i n t h e
House.
11.
E x c e l l e n t statement by.George Stay on June 1 , 1926,
c r i t i c i z i n g the amendments proposed by Representative
Strcmgv Mr. Seay doubts the witdom of f u r t h e r attempts
c e n t r a l body t o c o n t r o l c r e d i t and does n o t f e e l
d'^.taih t h a t s t a b i l i z e d p r i c e s represent an appropriate
12.
B^i^f l e t t e r from George Seay t o John M. M i l l e r , a Richmond,
^ ^ g i n i a banker, c r i t i c i z i n g the MaJadden branch banking
p a r t i c u l a r l y w i t h respeot t o tank loans.
13.
Hot® from Mr. Glass t o Mr. Seay on A j r i l 20, 1926,
expressing l i t t l e respect f o r the o f f i c i a l s of the American
Bankers Association, who had been w i l l i n g t o s a c r i f i c e
indeterminate charters f o r the Federal Reserve banks, i f
they could get the H u l l amendments accented.
14.
Mr. Seay states i n a l e t t e r of A p r i l 17, 1926, t h a t he
does not f e e l t h a t i t i s necessary t o do u»ay w i t h branch
banking.
31
Box 7
15.
M*
I.
(Pag©
George Seay sent !&»* Glass'a copy of a b o o k l e t , prepared
by himself on September 1 5 , 1 9 2 5 , reviewing the problem
o f , "Credit Expansion,"
16.
Correspondence whereby Mr. Seay obtained a copy of the
r e p o r t of the Pujo Committee.
17.
Figures sent by George J . Seay on February 15, 1924,
purport t o show the p o s i t i o n o f banks a t t h a t t i m e ,
compared t o what t h e i r p o s i t i o n might have been, i f t h e
n a t i o n a l Bank Act were s t i l l i n e f f e c t .
13.
Other correspondence w i t h George J . Seay.
Personal correspondence w i t h the evangelist W i l l i a m A» ( B i l l y )
Sunday, who had been so impressed by the large number of
favorable comments, made during his v i s i t t o Iynchburg, i n
September, 1921« about Mr. Glass t h a t he had spoken of
Glass a t one of h i s meetings.
Unimportant l e t t e r t o Edward M. T a y l o r , a member of t h e
Rotary Club a t Lynchburg, V i r g i n i a .
orrespondehce i n v o l v i n g Mr. Glass, R. C. L e f f l n g w e l i * William
. McAdoo, and former A s s l s t a n t Treasury Secretary K e l l y *
oncernlng the a u t h o r i t y of the Treasury Department t o
end f o r e i g n loans, f o l l o w i n g the a r m i s t i c e which ended
I d War I , including a conclusive memoranda from Mr.
f f i n g w e l l , defending the extension of the loans.
(Similar
rrespondence w i t h Mr. McAdoo may be found f i l e d under h i s
»*e.)
stter t o Mr. Glass from Senator Barry S. Truman on October 3 ,
I 9 3 6 , asking t h a t Glass recommend James K. Vardaman, Missouri
o f f i c i a l of the Reconstruction Finance Corporation, t o t h e
President f o r a vacant p o s i t i o n on the Federal Reserve Board.
Mr. Glass responds t h a t he had already submitted t h e name o f
Bob S t e w a r t , of Oklahoma * f o r the p o s i t i o n .
Box 35
P e r s o n a l correspondence
A.
(X-Z)
Correspondence w i t h Woodrow W i l s o n .
1*
Page f r o m a notebook k e p t by Ms?. Glass during June,
1919, c o n c e r n i n g t h e p o s s i b i l i t y o f a t h i r d term f o r
P r e s i d e n t W i l s o n or t h e n o m i n a t i o n o f W i l l i a m Q,
McAdoo* Wilson i s not f e l t t o be a v e r s e t o another
term. Mr. Glass mentions having been asked t o take
the chairmanship of the Resolutions Committee.
2.
On A p r i l 2 1 , 1918, President Wilson sent a n o t e t o
Mr. G l a s s , a s k i n g him t o secure immediate passage o f
t h e S i l v e r B i l l * since war conditions made such
legislation imperative.
3«
The f i n a l page o f t h e F e d e r a l Reserve A c t , approved
on December 2 3 , 1913« w i t h t h e s i g n a t u r e o f Woodrow
Wilson.
Photostats o f a note from President Wilson t o Mr. Glass
accompanying a paper of Samuel Untermeyer, which i s t o
b® t u r n e d over t o W i l l i a m McAdoo, a f t e r having been
r e a d by Glass»
5.
(
.; |
'!:!
!'•; ii [.
k'l:,]':
""il"
L e t ' t a r : ' o f January 9s 1913, f r o m Mr. Wilson, asking t h a t
'tli€f. . c u r r e n c y b i l l be r e a d y f o r i n t r o d u c t i o n b e f o r e the
close of t h e e x t r a o r d i n a r y session. The President
s&y's, " I have had sorae v e r y i n t e r e s t i n g conferences
-about, t h e b a n k i n g and c u r r e n c y q u e s t i o n r e c e n t l y w h i c h
make i t v e r y d e s i r a b l e t h a t I should see you again f o r
•»• ' . f u r t h e r t a l k . "
On J a n u a r y 1 , 1913, P r e s i d e n t W i l s o n expresses a d e s i r ©
t o t a l k w i t h Mr. Glass s h o r t l y a f t e r R o y a l Meeker has
p r e s e n t e d t h e views o f t h e "members o f t h e Economic
Association" t o him.
7.
P r e s i d e n t Wilson attempts t o a r r a n g e a meeting w i t h
Mr;' Glass on A p r i l 4 , 1912.
8.
L e t t e r o f June 18, 1913, from Mr. G l a s s , a s k i n g t h a t
t h e President change h i s mind about government c o n t r o l
o f t h e F e d e r a l Reserve B o a r d , so as t o p e r m i t banker
r e p r e s e n t a t i o n on the board. Glass r e f e r s t o the
agreement of Robert J . B u l k l e y , "a strong man of the
committee w i t h whoa we must reckon," and c i t e s the
opinion o f M r . Bulkl®j- ; t h a t government c o n t r o l a l r e a d y
c o n s t i t u t e d t h e r e a l weakness of the measure.
53
Box 19 (Page 2)
9*
;
;
;i
Correspondence w i t h Woodrow W i l s o n , w h i l e he was
Governor o f New Jersey*
10*
Copy o f a l e t t e r sent by Mr* Glass t o P r e s i d e n t
Wilson on November 16* 1919* s t a t i n g t h a t he would
p r e f e r t o accept m appointment t o t h e Senate* o f f e r e d
by Governor Davis o f V i r g i n i a , b u t t h a t , i f Mr* W i l s o n
p r e f e r r e d * he would remain a t t h e Treasury Department*
11.
H a n d w r i t t e n copy o f a n o t e from Mr* Glass t o Woodrow
W i l s o n on January
1919* s u g g e s t i n g t h a t John S k e l t o n
W i l l i a m s be r e a p p o i n t e d as C o m p t r o l l e r o f t h e Currency*
and p r o p o s i n g t h a t J o u e t t Shouse succeed Mr. Love as
A s s i s t a n t S e c r e t a r y o f t h e Ifreasury* These suggestions
were approved by P r e s i d e n t Wilson*
12*
R e s i g n a t i o n o f Mr, Glass as S e c r e t a r y o f t h e Treasury*
s u b m i t t e d t o P r e s i d e n t W i l s o n on November 18* 1919*
a f t e r Mr* W i l s o n had a d v i s e d acceptance o f t h e a p p o i n t ment t o t h e Senate.
13.
I n a n o t e o f January 30* 1914, P r e s i d e n t Wilson* h a v i n g
r e c e n t l y spoken w i t h E. D. B u l b a r t , asks t h a t Mr, Glass
and Senator Owen see what c o u l d be done about removing
t h e r e s t r i c t i o n * i n a d v e r t e n t l y placed i n t h e c u r r e n c y
b i l l * p e r m i t t i n g o n l y n a t i o n a l banks t o a c t as r e s e r v e
agents f o r a p e r i o d o f t h r e e y e a r s .
l:41*
Note from Woodrow W i l s o n on June 20* 1913* t h a n k i n g Mr*
Glass f o r p e r m i t t i n g him t o see a t e l e g r a m from E* D.
H u l b e r t , and e x p r e s s i n g t h e hope t h a t H u l b e r t w i l l change
h i s mind when he sees t h e a c t u a l b i l l *
15*
I n a n o t e o f May 8 , 1913* P r e s i d e n t W i l s o n thanks Mr.
Glass f o r sending him a copy o f " t h e b i l l " and promises
t o c o n s u l t w i t h him as soon as he has f i n i s h e d w o r k i n g
on i t *
16*
On March 2 3 , 1920, Mr. Glass presented a recommendation
t o t h e P r e s i d e n t , upon t h e s u g g e s t i o n o f S e c r e t a r y
Houston, t h a t Edmund' P i a t t be a p p o i n t e d t o f i l l a vacant
p o s i t i o n on t h e F e d e r a l Reserve Board•
17.
The s e c r e t a r y o f P r e s i d e n t Wilson w r i t e s t o Mr. Glass on
May 24, 1922, t o say t h a t t h e P r e s i d e n t i s anxious t o
know what Glass has t o say about an a r t i c l e by Prank
Vanderlip,
53
Box 19 (Page 2)
B.
C«
18*
Newspaper c l i p p i n g r e p o r t i n g t h a t , b e f o r e W i l l i a m G.
McAdoo r e s i g n e d from h i s t r e a s u r y post* P r e s i d e n t
W i l s o n o f f e r e d M r . Glass an appointment t o t h e F e d e r a l
Reserve Board»
19o
Report o f Mr, Glass t o P r e s i d e n t W i l s o n on June 16*
1922* c r i t i c i z i n g t h e p l a n * i n t i m a t e d by Frank iU
F a n d e r l i P s f o r t h e c r e a t i o n o f an i n t e r n a t i o n a l r e s e r v e
hank* which Glass c o n s i d e r s i m p r a c t i c a l and unnecessary.
20*
Numerous o t h e r l e t t e r s t o u c h i n g upon m a n y s u b j e c t s *
Correspondence w i t h C l i f t o n A* Woodrun^ Congressman
Virginia•
frm
1*
Recommendations f o r a s s u r i n g t r u e l e g a l tender
c h a r a c t e r i s t i c s f o r a l l c o i n and c u r r e n c y i s s u e d by t h e
government * s u b m i t t e d f o r t h e a p p r o v a l o f Mr* Glass hy
C l i f t o n A* Woodrum*
2o
Copy o f a l e t t e r from a businessman i n Roanoke* V i r g i n i a *
on May 9* 1932* p r o p o s i n g t h a t t h e w o r l d - w i d e d e p r e s s i o n
would r e q u i r e t h a t t h e U n i t e d S t a t e s reduce i t s p r o d u c t i o n , u n t i l o u t p u t was more i n l i n e w i t h consumption*
3®
Copy o f a l e t t e r sent fro© a c o n t r a c t i n g concern t o
C. A* Woodrum on A p r i l 30* 1935^ r e g a r d i n g a c o n t r o v e r s y
over wages w i t h t h e P u b l i c Works A d m i n i s t r a t i o n f from
which t h e company had borrowed t h e money t o c o n s t r u c t
several buildings at the V i r g i n i a Polytechnic I n s t i t u t e *
4o
Numerous l e t t e r s r e l a t i n g t o a wide v a r i e t y o f n a t i o n a l
find l o c a l problems *
Correspondence w i t h Mrs* E d i t h B o i l i n g W i l s o n , w i f e o f
Woodrow'Wilson*
1.
L e t t e r accompanying a p o r t i o n o f t h e newspaper s e r i e s *
w r i t t e n by Mr* Glass i n 1926* Mr* Glass t e l l s Mrs* W i l s o n
t h a t subsequent i n s t a l l m e n t s ' w i l l r e l a t e t o t h e d i a r y o f
C o l o n e l House and t h e method o f o b t a i n i n g t h e F e d e r a l
Reserve l e g i s l a t i o n .
2*
I n a l e t t e r o f J u l y 14, 1926* Mr* Glass t e l l e MrSo W i l s o n
t h a t her i n f l u e n c e was* t o seme degree, r e s p o n s i b l e f o r
t h e r a p i d acceptance o f Charles S. Hamlin as a member
o f t h e F e d e r a l Reserve Board. Glass s t a t e s t h a t t h i s
appointment was " t h e o n l y t h i n g I have v e n t u r e d t o aalc
of the present a d m i n i s t r a t i o n . "
53
Box 19 (Page 2)
3L
Considerable p e r s o n a l correspondence between Mrs*
x
W i l s o n and Mr. G l a s s .
D*
Numerous l e t t e r s u r g i n g Mr. Glass t o do h i s b e s t t o secure
s e n a t o r i a l approval of the entry of the United States i n t o
t h e World C o u r t •
1*
Correspondence w i t h Paul M» Warburg.
1.
H i g h l y complimentary l e t t e r t o Mrv Glass from John
Wanamaker.
2.
I n a l e t t e r o f September 14, 1926, Paul Warburg expresses
t h e hope t h a t t h e e x t e n s i o n o f t h e c h a r t e r o f t h e F e d e r a l
Reserve banks would n o t be l o s t i n f a v o r o f t h e H u l l
amendments* Warburg asks t h a t Mr. Glass t a k e t h e
o p p o r t u n i t y , a f f o r d e d by his. w r i t i n g a book about t h e
F e d e r a l Reserve l e g i s l a t i o n , t o c o r r e c t some o f t h e
m i s r e p r e s e n t a t i o n s c o n t a i n e d i n t h e book by H* Parker
W i l l i s . Mr* Warburg s t a t e s t h a t he does not<seek c r e d i t
f o r h i s work i n c o n n e c t i o n w i t h t h e l e g i s l a t i o n , but
o n l y d e s i r e s t h a t an unbiased account o f t h e h i s t o r y o f
the- measure be presented*
3*
I n a l e t t e r t o Paul M. Warburg on October 18, 1926, Mr.
Glass notes w i t h p l e a s u r e t h e r e v e r s a l o f p o s i t i o n by
! ,
t h e American Bankers A s s o c i a t i o n on t h e proposed H u l l
j "
amendments t o t h e McFadden b i l l *
Jfe*. Glass r e f u s e s t o
I
concur i n t h e condemnation by Warburg o f t h e W i l l i s book,
b u t does f e e l t h a t c e r t a i n o f t h e p e r s o n a l a t t a c k s ,
; -j;(jj: made by Mr. W i l l i s , were unwarranted* Glass p o i n t s out
' jj; lij 1 t h a t , by h i s c o n n e c t i o n w i t h D r . Seligman, Warburg has
I • ,j|||| • j made h i m s e l f v u l n e r a b l e t o c r i t i c i s m . Mr* Glass f e e l s
1 •!! fj;]!'
t h a t he has been as t r u t h f u l w i t h r e s p e c t t o Warburg i n
h i s book as he had been' r e g a r d i n g C o l o n e l House and
P r o f e s s o r Seymour.
4o
L e t t e r o f A p r i l 25, 1930, from Paul Warburg, i n f o r m i n g
Mr. Glass t h a t he has found i t necessary t o submit f o r
p u b l i c c o n s i d e r a t i o n a r e f u t a t i o n o f c e r t a i n statements
made by Mr. Glass and a c o r r e c t i o n o f t h e numerous
misstatements i n d u l g e d i n by Parker W i l l i s .
Warburg
expresses c o n t i n u e d f r i e n d s h i p f o r M r . Glass and hopes
t h a t t h e p u b l i c c o n t r o v e r s y over t h e h i s t o r y o f t h e
System q u i c k l y d i e s down, so t h a t a t t e n t i o n can be conf i n e d t o t h e more i c i p b r t a n t problems, i n v o l v e d i n s a v i n g
t h e System from d e s t r u c t i o n *
36
Box 8
5*
(Page 5)
Correspondence w i t h Paul Marburg i n 1929* c o n c e r n i n g
p e r m i s s i o n t o i n c l u d e two l e t t e r s , one from Mr* Glass
t o Senator Owen and t h e o t h e r f r o m Glass t o Warburg,
i n t h e book w h i c h Mr. Warburg was about t o have
published.
P.
L e t t e r f r o m Mr. Glass t o H. Parker W i l l i s , marked s t r i c t l y
c o n f i d e n t i a l and d a t e d December 3 1 , 1926. Glass wants t o
know,'.'whether Mr. W i l l i s knows a n y t h i n g about t h e Warburg
p l a n f o r a "Board o f R e g e n t s , " t o w h i c h Mr. Warburg has
a s c r i b e d ^fcfae o r i g i n o f t h e i d e a f o r t h e F e d e r a l Reserve
Board. Mr. Glass c o n t i n u e s t o defend h i s p o s i t i o n w i t h
respect - ".to t h e o r i g i n o f t h i s phase o f t h e l a w , t r a c i n g i t
t o P r e s i d e n t W i l s o n . Warburg f e e l s t h a t W i l s o n g o t t h e
i d e a from him t h r o u g h C o l o n e l House and Mr. Morgenthau*
Mr. Glass reproduces a l e t t e r from h i m s e l f t o Mr, Warburg
on' t h i s s u b j e c t *
0*
Correspondence r e l a t i n g t o t h e p o s i t i o n t a k e n by Mr. Glass,*
when t h e Senate was c o n d u c t i n g i n v e s t i g a t i o n s , under t h e
l e a d e r s h i p o f G e r a l d P. Nye, i n t o t h e p a r t p l a y e d by
Woodrow W i l s o n i n g e t t i n g t h e U n i t e d S t a t e s i n t o World
War
M r . Glass defended P r e s i d e n t W i l s o n .
40
Box 12
Miscellaneous correspondence - personal and b i b l i o g r a p h i c a l .
A.
Remarks by R. C. L e f f i n g w e l l on January 4 , 1940, upon
the p r e s e n t a t i o n of the c h a i r of government a t Sweet
B r i a r C o l l e g e , which had been named a f t e r Mr. Glass.
Also copies of the Congressional Record f o r January 8 ,
1940.
B.
L e t t e r s , newspaper c l i p p i n g s , memoranda* and d a t a c o m p i l e d
on t h e subject of the attempt by t h e President t o pack
the Supreme Court. Also a copy o f a speech by Jesse H.
J o n e s , chairman o f the Reconstruction Finance C o r p o r a t i o n ,
and a copy of an amendment* suggested by Mr. S l a g s 2 t o
the law c r e a t i n g the RFC.
C.
Copy o f a r e p o r t by George B. Peek, head o f the A g r i c u l t u r a l
Adjustment A d m i n i s t r a t i o n , prepared on September 1 2 , 1933s
assigning a h i g h c r e d i t r a t i n g t o t h e S o v i e t A n i o n .
D.
A l a r g e number of newspaper c l i p p i n g s , r e l a t i n g t o the
I speech by M r . Glass before the Senate on November 1 , 1932»
, | | l r i w h i c h he attempted t o r e f u t e the c l a i m s of the Hoover
p : | A d m i n i s t r a t i o n t h a t i t s economic program had been t h e
s a l v a t i o n o f t h e country. Glass charged the R e p u b l i c a n s
w i t h r e s p o n s i b i l i t y f o r the depression, numerous r e q u e s t s
f o r copies of the speech by Mr. Glass a r e Included.
£.
^ r p e w r l t t e n copy of the speech by Mr. Glass, o p p o s i n g t h e
attempt t o pack the Supreme Court.
P.
P h o t o s t a t i c copy of & l e t t e r t o D r . John L. Newcomb,
President o f the U n i v e r s i t y of V i r g i n i a , f r o m Jesse H.
Jones oh October 2 3 , 1945, o f f e r i n g t o endow a school o f
international affairs.
G.
Correspondence r e l a t i n g t o the candidacy o f Mr. Glass f o r
r e - e l e c t i o n t o the Senate i n 1942.
H.
S e v e r a l l e t t e r s c o n g r a t u l a t i n g Mr. Glass upon h i s r e - e l e c t i o n
t o the Senate i n 1942.
Box 10
Correspondence o f an h i s t o r i c a l n a t u r e .
A*
Correspondence r e g a r d i n g t h e purchase by t h e F e d e r a l
government o f "Red H i l l , t h e home o f P a t r i c k Henry*
A l s o c o p i e s o f t h e a c t , whereby t h e S e c r e t a r y o f t h e
I n t e r i o r was empowered t o purchase t h e Henry e s t a t e
and c o p i e s o f t h e p r e l i m i n a r y b i l l , i n t r o d u c e d by Mr,
Glass* Some p r o p l e suggested t h a t Mr. Glass s u p p o r t
l e g i s l a t i o n t o e n s h r i n e P a t r i c k Henry 1 s b i r t h p l a c e
i n Hanover County, V i r g i n i a .
B*
Correspondence i n v o l v i n g t h e fhom^s J e f f e r s o n
B i c e n t e n n i a l Commission. A l s o c o p i e s o f a b i l l ,
i n t r o d u c e d by Mr# G l a s s , c r e a t i n g t h e commission
and s e t t i n g f o r t h i t s o b j e c t i v e s and powers*
39
Box 12
Miscellaneous
A.
Be
correspondence
Miscellaneous
correspondence
1.
Note o f F e b r u a r y 2 6 , 1921, from Joseph P. T u m u l t y ,
s e c r e t a r y o f P r e s i d e n t W i l s o n , accompanying an
a r t i c l e i n w h i c h he f e l t Mr. Glass m i g h t be
interested.
2.
P e r s o n a l n o t e o f thanks from Josephus D a n i e l s ,
S e c r e t a r y o f t h e Navy.
3«
Correspondence c o n c e r n i n g war r i s k
insurance*
M i s c e l l a n e o u s correspondence
1..
Note f r o m J . P. T u m u l t y , t h a n k i n g M r . Glass f o r sending
r l e t t e r t o t h e P r e s i d e n t t h r o u g h him and p r o m i s i n g
t o b r i n g i t t o Mr. W i l s o n * s a t t e n t i o n .
2.
Correspondence w i t h Hay S. Baker c o n c e r n i n g ' t h e
c o n t e n t s o f t h e book, w h i c h Mr. Glass was p r e p a r i n g
for publication.
3.
P h o t o s t a t i c copy o f a n o t e t o Mr. Glass f r o m C* B.
S letup, s e c r e t a r y t o t h e P r e s i d e n t ^ on December 13,
19£3> e x p r e s s i n g r e g r e t t h a t Mr. Glass d i s a p p r o v e s
.of "the " a c t i o n o f t h e N a t i o n a l Committee i n r e g a r d
t o Southern r e p r e s e n t a t i o n . "
C o p y . o f a r e p o r t o f a J o i n t C o n g r e s s i o n a l committee
I n 1911 oh t u b e r c u l i n t e s t s f o r c a t t l e .
5*
Copy o f a l e t t e r o f November S , 1912, t o Hubert Do
S t e v e n s , i n w h i c h Mr. Glass r e q u e s t s s u p p o r t i n p r e v e n t i n g
Samuel Untermyer from i n f r i n g i n g upon t h e work o f t h e
Glass s u b - c o m m i t t e e . The o p i n i o n i s expressed t h a t t h e r e '
was a c o n n e c t i o n between Untermyer and t h e A l d r i c h
supporters.
6.
P e r s o n a l n o t e f r o m R. W. Wooley, D i r e c t o r o f t h e M i n t ,
on March 3 1 , 1916.
7.
Notes from R i c h a r d E. B y r d i n 1912.
8.
P e r s o n a l n o t e o f thanks from John S k e l t o n W i l l i a m s on
January 31* 1 9 ! ^ *
Box 1 1
C.
D.
E?
i;
(Page 2 }
M i s c e l l a n e o u s and personal l e t t e r s , r e l a t i n g l a r g e l y t o
political affairs.
1.
Promise of Mr. Glass t o W i l l i a m C. Bruce on September
2 0 , 1930, t h a t he would a s s i s t i n the e f f o r t t o have
Henry B. W i l c o x , a B a l t i m o r e banker, appointed t o
f i l l the e x i s t i n g vacancy on the F e d e r a l Reserve B o a r d .
2.
Correspondence r e l a t i n g t o a proposed amendment o f
t h e Settlement of War Claims A c t .
Correspondence w i t h Barold L . I c k e s , S e c r e t a r y o f t h e
I n t e r i o r , l a r g e l y concerning a l l o c a t i o n of scarce resources
d u r i n g World War I I .
1.
I n f o r m a t i o n evidencing a c o n f l i c t of opinion between
M r . I c k e s and M r . G l a s s , concerning r a c i a l s e g r e g a t i o n *
2.
L e t t e r of May 6 , I 9 3 6 , from Mr. I c k e s , recommending
t h a t Mr. Glass c a s t a f a v o r a b l e vote on t h e question
of changing t h e name o f t h e I n t e r i o r Department t o
t h e Department of Conservation.
Ickes explains that
t h i s move has nothing t o do w i t h t h e p r o p o s a l , made
by Senator B y r d , t o r e o r g a n i z e t h e e x e c u t i v e b r a n c h
o f t h e government.
Correspondence w i t h D r . Hugh H. Youngs o f Johns Hopkins
U n i v e r s i t y , r e l a t i n g l a r g e l y t o l e g i s l a t i v e m a t t e r s of
a medical n a t u r e .
1.
Commenting upon an e d i t o r i a l from a B a l t i m o r e newspaper on January I T , 1930, l i s t i n g q u e s t i o n s w h i c h
should be o b j e c t i v e l y considered by t h e G l a s s committee,
s t u d y i n g t h e f i n a n c i a l s t r u c t u r e o f the U n i t e d S t a t e s *
D r . Young s t a t e s t h a t Mr. Glass w i l l conduct a thorough
I n v e s t i g a t i o n i n a c o n s e r v a t i v e manner.
41
Box 12
Miscellaneous
correspondence
A.
Correspondence w i t h Pred I t e r p e r , L y n c h b u r g , V i r g i n i a ,
lawyer.
B*
Correspondence w i t h Samuel M. Kaplan ( 1 9 3 3 - 1 9 ^ 5 ) •
1.
Numerous l e t t e r s , m o s t l y o f a p e r s o n a l n a t u r e * some
d e a l i n g w i t h various types of p o l i t i c a l matters*
2.
,Correspondence, i n v o l v i n g Samuel K a p l a n , c o n c e r n i n g
w a r t i m e r e g u l a t i o n o f t h e p r i c e s o f woolen goods by
the Office of Price Administration.
3*.
C-pryespondence r e l a t i n g t o l e g i s l a t i o n a f f e c t i n g t h e
•"textile industry.
4.
A s u g g e s t i o n from M r . G l a s s , t h a t t h e e x t e n s i o n o f
a l o a n by t h e R e c o n s t r u c t i o n Finance C o r p o r a t i o n t o
• a; b u s i n e s s f i r m , owned by Samuel K a p l a n , would be
w o r t h y o f c o n s i d e r a t i o n * was honored on November
1936, by t h e RFC.
5*; ;.p»:^Msirch 2 5 , 1933* M r . Glass s t a t e d t h a t he l o o k e d
' ;With-:favor upon a s u g g e s t i o n by Samuel Kaplan t h a t a
• R a t i o n a l Wool Acceptance Bank be e s t a b l i s h e d .
6.-
-Correspondence f r o m A i K a p l a n , r e l a t i n g t o - t h e economic
s i t u a t i o n c o n f r o n t i n g the Roosevelt a d m i n i s t r a t i o n
J u s t " p r i o r t o i t s accession t o c o n t r o l over the
f e d e r a l government» Kaplan was b o o s t i n g h i s b o o k ,
The S o l u t i o n o f t h e D e p r e s s i o n . A copy o f t h e p r e f a c e
b ' r i H s book ' i s i n c l u d e d M o r i g t h e l e t t e r s s e n t t o
Mr* G l a s s .
7.
-Ift a l e t t e r o f January 3 0 , 1933* A l Kaplan r e q u e s t s
t h a t Mr. Glass c o n s i d e r a monetary p l a n , w h i c h he
o f f e r s as a s o l u t i o n t o t h e economic problems o f t h e
depression p e r i o d .
8.
Data r e g a r d i n g Joseph P. Carney, whom Samuel Kaplan
I s b o o s t i n g f o r a p o s i t i o n on t h e F e d e r a l Reserve B o a r d .
9*
L e t t e r f r o m Emanuel Kaplan on March 2 6 , 1934, s u g g e s t i n g
t h a t a b i l l , i n t r o d u c e d by Mr* G l a s s , p e r m i t t i n g
F e d e r a l Reserve banks t o make c a p i t a l l o a n s d i r e c t l y
t o i n d u s t r y , be amended so as t o p e r m i t F e d e r a l Reserve
banks t o s u b s c r i b e t o s t o c k i n any i n d u s t r i a l acceptance
banks, which m i g h t be o r g a n i s e d *
BOK 12
(Page 2)
10*
C r i t i c i s m fey Samuel Kaplan o f suggested amendments
t o t h e A g r i c u l t u r a l Adjustment Act i s considered
v a l i d by Mr. Glass*
11*
L e t t e r from F* G* A w a i t , A c t i n g C o m p t r o l l e r o f t h e
Currency* on February 25,- 1933* s e t t i n g f o r t h some
o f t h e p o i n t s upon which f u r t h e r l e g i s l a t i o n would
be necessary w i t h r e s p e c t t o n a t i o n a l banks, i f
tm
i d e a o f a n a t i o n a l Wool Acceptance Bank were t o be
put i n t o e f f e c t .
Correspondence from R e p r e s e n t a t i v e Schuyler G* Bland *
c o n c e r n i n g m o s t l y minor p o l i t i c a l and l e g i s l a t i v e m a t t e r s .
1«
A copy o f a l e t t e r from Mr, Bland t o J . T* G a r r e t t ,
o f t h e Richmond F e d e i a l ^ s c i v a Bank* a s k i n g t h a t
t h e Parks l e y N a t i o n a l Bank, Par'csley, V i r g i n i a , be
p e r m i t t e d t o reopen i s sen*, j , Mr ^ i a s e w i t h t h e
r e q u e s t t h a t he irfcV-e a s inula-* appeal on b e h a l f of
t h e community i n v o l v e d
2.
Mote from Mr. Glass t o S* 0 . Bland on A p r i l 18,
1923* accompanying a s m a l l copy o f an e n g r a v i n g
made o f Mr* Glass w h i l e he was S e c r e t a r y o f t h e
treasury*
Boxl^
M i s c e l l a n e o u s Correspondence,
43
1902-1942.
G e n e r a l correspondence, n o t a r r a n g e J i n any p a r t i c u l a r
a l p h a b e t i c a l o r c h r o n o l o g i c a l o r d e r * 'Soir-» correspondence
from bankers c o n c e r n i n g t h e i r views on t h o F e d e r a l Reserve
A c t and t h e i r r e a c t i o n s t o speeches on t h i s s u b j e c t by Glass Also included are:
.1.
C l i p p i n g s o f a speech made by Glass a t t h e
Convention i n N o r f o l k , Va» Undated.
Constitutional
2*
R e p r o d u c t i o n o f an e d i t o r i a l c o n c e r n i n g Louie T* McFaddin 1 s
views on Investment T r u s t s .
Undated.
3.
'Copy o f speech made by James Connor * J r . , November 23* 1928^
r e g a r d i n g P r o h i b i t i o n and f a i l u r e t o s u p p o r t A. S m i t h ,
4.
E d i t o r i a l s c o n c e r n i n g passage o f F e d e r a l Reserve A c t ,
5.
L e t t e r from A l f r e d R, K i m b a l l t o S e c r e t a r y McAdoo c o n c e r n i n g
i m p r e s s i o n made by Glass a t Economics Club d i n n e r and
a t t i t u d e o f bankers toward Federal•Reserve A c t . November
13, 1913.
6.
Correspondence between Glass and McAdoo r e l a t i v e
F e d e r a l Reserve Act and monetary p o l i c i e s .
7.
L e t t e r from S i r George Paish t o McAdoo b e a r i n g on t h e
g o l d r e s e r v e a g a i n s t F e d e r a l Reserve n o t e s .
8.
Memorandum from E. R. B l a c k , member o f F e d e r a l Reserve
Board, r e l a t i v e t o a s t u d y o f t h e commercial and i n d u s t r i a l
s i t u a t i o n i n the U.S., provisions of l e g i s l a t i o n enabling
t h e Reserve Banks t o make i n d u s t r i a l l o a n s , and emphasising
need o f s m a l l businesses f o r w o r k i n g c a p i t a l .
Undated.
9.
S e v e r a l l e t t e r s t o E. M« Baty and O t i s Wingo r e l a t i v e t o
t h e Cook County Bankers A s s o c i a t i o n and t h e "Committee o f
One Hundred. 11 L e t t e r t o Hon. W a l t e r E. Edge r e p o s s i b l e
i n v e s t i g a t i o n o f l o b b y i n g i n c o n n e c t i o n w i t h McFaddin
Bill.
to
10.
M i s c e l l a n e o u s correspondence w i t h Dave
25 l e t t e r s .
11.
F o l d e r o f m i s c e l l a n e o u s correspondence w i t h t h e Hon. F* H.
Drewry*
12.
Correspondence w i t h Ray Stannard Baker r e l a t i v e t o t h e
c h a p t e r s i n h i s b i o g r a p h y o f Woodrow W i l s o n t h a t d e a l t w i t h
t h e F e d e r a l Reserve A c t .
Satterfleld.
BoxJl
13.
Telegram from Huey Long s e t t i n g f o r t h ' h i s ideas on
" s c a r c i t y o f production 1 1 as a s o l u t i o n t o t h e S o u t h s
economic problems.
14.
P o r t i o n o f l e t t e r t o Senator Copper r e g a r d i n g m o n e t l s a t i o n
o f debt i n World War 1 .
15*
Copy o f a r e p o r t o f F . A, Delano on t h e s u b j e c t o f
c l e a r i n g , 1915.
16*
Correspondence w i t h P r e s i d e n t Wilson* 1919.
17.
L e t t e r t o P r e s i d e n t Harding from C o m p t r o l l e r o f t h e
Currency, 1920, recommending a c e r t a i n amendment t o t h e
F e d e r a l Reserve A c t .
18•
L e t t e r from Glass t o H. Parker W i l l i s , 1912** r e g a r d i n g
Untermyer and P u j o .
Second page m i s s i n g .
i'
I; 11
i'ti
Box Ik
M i s c e l l a n e o u s Correspondence,
1912-13.
G e n e r a l correspondence, a p p a r e n t l y n o t f i l e d i n any
systematic f a s h i o n , p e r t a i n i n g p r i m a r i l y t o p o l i t i c a l appointments and e l e c t i o n s i n V i r g i n i a ; r e q u e s t s f o r b u l l e t i n s ,
seeds, e t c . , b i l l s and r e c e i p t s , and a few p e r s o n a l l e t t e r s *
Of s p e c i a l i n t e r e s t a r e t h e f o l l o w i n g :
1.
L e t t e r f r o m George Roberts t o G l a s s , 1913, e x p r e s s i n g
h i s views on t h e problem o f g o l d r e s e r v e s f o r t h e
Reserve Banks.
2.
L e t t e r from Laurence A. M u r r a y , C o m p t r o l l e r , a d v i s i n g
c e r t a i n a d m i n i s t r a t i v e r e f o r m s i n n a t i o n a l Bank A c t .
1913.
J3-
Some e d i t o r i a l s on monetary and c u r r e n c y problems.
h
j7.
L e t t e r from G . J . Frame r e l a t i v e t o h i s o p i n i o n s on
t h e proposed c u r r e n c y l e g i s l a t i o n .
February 10, 1913.
Box 15
Correspondence,
1912-1916.
M i s c e l l a n e o u s correspondence, n o t f i l e d i n any s y s t e m a t i c
order, covering mainly requests f o r f a v o r s , the e l e c t i o n of
1912, and appointments i n V i r g i n i a .
Of some i n t e r e s t a r e t h e f o l l o w i n g :
1.
Copies o f s e v e r a l House b i l l s r e f e r r e d t o G l a s s 1
subcommittee f o r c o n s i d e r a t i o n i n 1912*
2.
S e v e r a l addresses on t h e s u b j e c t o f b a n k i n g .
3.
Typed sheets ( 3 ) a n a l y s i n g p r e s e n t b a n k i n g s i t u a t i o n
and s u g g e s t i n g r e f o r m . Undated and u n s i g n e d .
4.
E x p l a n a t o r y statement r e g a r d i n g "The Currency Reform
B i l l " by Harlow H. Chamberlain, and copy o f b i l l .
;5'k
j
L e t t e r f r o m Glass t o Alexander Moyer o f t h e N, Y.
Evening Post c o n c e r n i n g o r i g i n o f F e d e r a l Reserve A c t .
61
L e t t e r t o John G a v l t , "Evening P o s t " , r e g a r d i n g
o f F e d e r a l Reserve A c t .
7*
R e p o r t s f r o m v a r i o u s Chamber o f Commerce e n d o r s i n g t h e
Morris plan.
origin
Box 16
M i s c e l l a n e o u s correspondence (1913)
1.
Advance copy o f t h e speech by Mr. 01&ss t o t h e House i n
1913, r e p o r t i n g t h e Currency B i l l o u t o f committee.
2.
Note from Joseph T u m u l t y , S e c r e t a r y t o P r e s i d e n t W i l s o n ,
m e n t i o n i n g a Mr. Andrew.
3.
Notes from W i l l i a m G. McAdoo, S e c r e t a r y o f t h e T r e a s u r y ,
one o f which concerns a r e d r a f t o f a proposed amendment
and a h a n d w r i t t e n s u g g e s t i o n t h a t Mr. Glass c o n s u l t Mr.
Hayes, b e f o r e t a k i n g any a c t i o n .
L e t t e r from Woodrow W i l s o n on August 6 , 1912, c o n c e r n i n g
campaign p l a n s .
5*
Copy o f t h e b i l l i n t r o d u c e d i n t h e House o f R e p r e s e n t a t i v e s
i n 1913 by M r . Glass and r e f e r r e d t o t h e Banking and
Currency Committee. A t t a c h e d i s a l i s t o f n i n e reasons
f o r c o n s i d e r i n g t h e b i l l a t t h e e x t r a s e s s i o n o f Congress.
6.
L i s t o f proposed amendments and t h e r e a s o n f o r t h e changes
suggested.
7*
Lengthy statement from Frank V e n d e r l i p o f N a t i o n a l C i t y
Bank on J u l y 2 4 , 1913* c o n c e r n i n g t h e b a n k i n g system and
proposed r e f o r m s .
8f
L e t t e r o f J u l y 7 , 1913* from George M. R e y n o l d s , o f t h e
Chicago C o n t i n e n t a l and Commercial N a t i o n a l Bank, c o n c e r n i n g
r e s e r v e r e q u i r e m e n t s and t h e c r e a t i o n o f an A d v i s o r y Board.
9,.; H a n d w r i t t e n copy o f a speech Mr. Glass had prepared f o r
|!||: |de!livery b e f o r e t h e House, c o n c e r n i n g t h e c r e d i t f o r t h e
p fj ; jaythor s h i p o f t h e F e d e r a l Reserve A c t , p a r t i c u l a r l y
| I >| i r ^ M t i n g t h e c l a i m t h a t t h e work o f Senator Nelson W.
Mr;;:-]A|l|f3jrlch was l a r g e l y r e s p o n s i b l e f o r t h e c o n t e n t o f t h e
Ftaidieral Reserve A c t .
10.
L e t t e r w r i t t e n on A p r i l 1 3 , 1917* by P a u l Warburg, as a
member o f t h e F e d e r a l Reserve B o a r d , r e q u e s t i n g t h a t s t a t e
banks be p e r m i t t e d t o h o l d r e s e r v e balances a t t h e F e d e r a l
Reserve Banks.
11.
R e p o r t from t h e Governor o f t h e F e d e r a l Reserve Board
addressed t o Senator Robert Owen, d e f e n d i n g t h e system
o f check c l e a r i n g a g a i n s t e l i m i n a t i o n .
12.
Copy o f a r e s o l u t i o n , passed by t h e Governors o f t h e
F e d e r a l Reserve banks, opposing t h e K i t c h e n b i l l , w h i c h
would p e r m i t t h e c o l l e c t i o n o f exchange charges by n a t i o n a l
banks.
48
Box'16
{Page 2)
13*
Mote from Mr. T u m u l t y , S e c r e t a r y t o t h e P r e s i d e n t ,
e x a m i n a t i o n s f o r e n t r a n c e i n t o t h e Naval Academy.
14.
L e t t e r presents a question concerning the d e f i n i t i o n
" g o l d o r l a w f u l money" i n t h e Currency B i l l .
15.
L e t t e r w r i t t e n on August 5* 1913* a p p r o v i n g a p r o v i s i o n
f o r t h e d i s t r i b u t i o n o f 40$ o f t h e s u r p l u s e a r n i n g s among
t h e banks a c c o r d i n g t o t h e i r r e s e r v e b a l a n c e s .
16.
L e t t e r o f August 6 , 1913* from a branch o f t h e American
Bankers A s s o c i a t i o n , u r g i n g r e c o g n i t i o n o f s a v i n g s d e p a r t ments i n n a t i o n a l Banks.
17.
L e t t e r o f August 4 , 1913* from a bank i n F l i n t , M i c h i g a n ,
s u g g e s t i n g c e r t a i n changes i n t h e proposed c u r r e n c y
legislation.
18.
Statement o f o p p o s i t i o n t o t h e Glass-Owen b i l l under c o n s i d e r a t i o n by Congress d u r i n g t h e summer o f 1913*
19.
L e t t e r o f J u l y 31* 1913* from t h e S o l i c i t o r o f t h e T r e a s u r y ,
s u g g e s t i n g a few changes i n t h e Currency B i l l , h a v i n g
been r e q u e s t e d t o comment upon t h e measure.
20.
Telegram from S o l Wexler on August 6 , 1913, r e q u e s t i n g a
d r a f t o f t h e b i l l as approved by t h e committee.
21.
Telegram o f August 6 , 1913* i n q u i r i n g as t o t h e p o s s i b i l i t y
o f making f u r t h e r changes i n p h r a s e o l o g y b e f o r e t h e caucus
m e e t i n g . W. W. Flannagan sent t h e t e l e g r a m .
22.
Numerous l e t t e r s t o u c h i n g upon t h e b i l l b e i n g prepared by
Mr. G l a s s . Copies o f t h e amended b a n k i n g and c u r r e n c y
measure a r e r e q u e s t e d .
23.
L e t t e r s from Robert D. K e n t , P r e s i d e n t o f t h e Merchants
Bank o f P a s s a i c , New J e r s e y , one s u g g e s t i n g changes i n t h e
t a x on c u r r e n c y i s s u e , t h e o t h e r q u e s t i o n i n g t h e p o s s i b i l i t y
o f a c q u i r i n g emergency c u r r e n c y under t h e A l d r i c h - V r e e i a n d
Act.
24.
L e t t e r f r o m t h e p r e s i d e n t o f t h e C r a d d o c k - T e r r y shoe concern
i n Lyncnburg, s u g g e s t i n g t h e amendment o f t h e A l d r i c h Vreeiand A c t , reducing the r a t e of i n t e r e s t .
25.
Very i m p o r t a n t l e t t e r o f August 6 , 1913, from H. Parker
W i l l i s t o Mr. G l a s s , s t a t i n g t h a t minor changes i n w o r d i n g
were a l l t h a t remained t o accomplish i n c r e a t i n g s a t i s f a c t o r y l e g i s l a t i o n . V o t i n g on t h e b i l l i s n o t e d and Mr.
W i l l i s expresses d i s p l e a s u r e w i t h c e r t a i n amendments, which
regarding
of
Box 16
(Page 3-)
lie understands t o have been made, He f e e l s t h a t I t i s
v e r y I m p o r t a n t t o f i n i s h a r e p o r t , upon w h i c h he i s
w o r k i n g , and g i v e s a p r o g r e s s r e p o r t t o Mr. G l a s s .
26.
C o n f i d e n t i a l correspondence o f May 27* 1913* f r o m Senator
R o b e r t L . Owen t o Mr. G l a s s , e n c l o s i n g a copy o f a b i l l
f o r c u r r e n c y r e f o r m suggested by M r . Owen. Mr. Owen
mentions h a v i n g d i s c u s s e d h i s b i l l w i t h H. Parker W i l l i s
and h a v i n g c r i t i c i z e d t h e W i l l i s d r a f t .
Owen l i s t s t h e
g e n e r a l changes, which he f e e l s must be made t o g e t t h e
W i l l i s plan i n t o acceptable form.
27•
L e t t e r from t h e p r e s i d e n t o f t h e N o r t h e r n T r u s t Company o f
C h i c a g o , e x p r e s s i n g f a v o r f o r t h e proposed measure and
s t a t i n g t h a t t h e changes he would suggest would be v e r y
minor.
28.
Boston Evening T r a n s c r i p t , S a t u r d a y A p r i l 19* 1913* l a u d i n g
t h e p r o v i s i o n o f t h e Glass b i l l making i t p o s s i b l e f o r
n a t i o n a l banks t o e s t a b l i s h f o r e i g n branches.
29.
Newspaper a r t i c l e on t h e day o f t h e s i g n i n g o f t h e F e d e r a l
Reserve A c t , r e c a l l i n g t h e e a r l i e s t m e e t i n g o f Mr. Glass
and Mr. W i l s o n r e g a r d i n g c u r r e n c y r e f o r m .
30*
L e t t e r o f J u l y 17* 1913* t o Mr. Glass from C h a r l e s S.
H a m l i n , w h i c h s t a t e s t h a t a memorandum s u g g e s t i n g changes
i n t h e Currency B i l l I s e n c l o s e d .
$1.
L e t t e r o f January 23* 191^* from a d e p o s i t o r o f a f a i l e d
bank, p r o t e s t i n g t h e p r a c t i c e o f p e r m i t t i n g persons
r e s p o n s i b l e f o r t h e f a i l u r e t o engage i n t h e t a s k o f p u t t i n g
t h e bank back on i t s f e e t .
| ;|2i
•if
33-
L e t t e r f r o m t h e p r e s i d e n t o f t h e Merchants Loan and T r u s t
VCpmpany i n Chicago, r e q u e s t i n g t h a t s t a t e banks be p u t on
a p p r o x i m a t e l y t h e same f o o t i n g as n a t i o n a l banks under t h e
new l e g i s l a t i o n .
Copies o f an amendment proposed by Mr. Hammer.
49
Box I T
M i s c e l l a n e o u s Correspondence
(1913)
1*
Copy o f a r e p r i n t from t h e J o u r n a l o f t h e American
Bankers A s s o c i a t i o n o f J u l y , 1913* c o n c e r n i n g t h e work
o f t h e Currency Commission of t h e ABA, i n c l u d i n g a
p i c t u r e o f t h e members ( W e x l e r , R e y n o l d s , F o r g a n , Hepburn,
arid Wade, among o t h e r s ) .
2.
Copy o f © memorandum c o n c e r n i n g South American banks,
f r o m P a u l Marburg on May 8 , 1916. I n t h e accompanying
l e t t e r Mr. Warburg expresses t h e d e s i r e t o see Mr, Glass
b e f o r e a p p e a r i n g a t a s e s s i o n o f a committee headed by
Senator Owen t o d i s c u s s t h e ownership by n a t i o n a l banks
o f s t o c k i n banks h a n d l i n g f o r e i g n a c c o u n t s .
3.
A copy o f t h e speeches by Senator G i l b e r t M# H i t c h c o c k ,
c o n c e r n i n g b a n k i n g and c u r r e n c y l e g i s l a t i o n .
L e t t e r f r o m John V , F a r w e l l , p r e v i o u s l y connected w i t h t h e
N a t i o n a l C i t i z e n s League, on December 2 , 1913, r e l a t i n g
t o a g r a d u a t e d s c a l e o f I n t e r e s t r a t e s and opposing any
p r o v i s i o n s c o n c e r n i n g t h e guarantee o f d e p o s i t s .
5*
Copy o f t h e C o n g r e s s i o n a l Record f o r Ifovember 10, 1913*
6.
Newspaper a r t i c l e . f r o m t h e P i t t s b u r g P o s t o f November 16,
1913» summarizing a d i s c u s s i o n " ! ^ tEe Currency B i l l by
Congressman R o b e r t J . B u l k l e y .
7.
Statement f r o m t h e Deutsche Bank on October 2 8 , 1913, t o
Paul Warburg, c r i t i c i z i n g t h e r e g i o n a l c o n c e p t , t h e
c o m p o s i t i o n o f t h e F e d e r a l Reserve B o a r d , and t h e n o t e
i s s u e and n o t e r e d e m p t i o n p r o v i s i o n s o f t h e Owen-Gless
bill.
Samuel Untermyer had e x e r t e d i n f l u e n c e over M r .
H e f f e r i c h , who w r o t e t h e p a p e r .
8.
Copy o f a b i l l i n t r o d u c e d by Senator H i t c h c o c k on A p r i l 8 ,
1913# s e t t i n g up t w e n t y n a t i o n a l r e s e r v e a s s o c i a t i o n s .
9-
Copies o f t h e C o n g r e s s i o n a l Record f o r November 2 9 , 1913,
c o n t a i n i n g a speech on t h e Currency B i l l by Senator John
P. S h a f o r t h o f C o l o r a d o .
;
10.
A r t i c l e i n t h e S t . L o u i s R e p u b l i c a n f o r November 2 0 , 1913,
q u o t i n g Festus J . Wade and s e v e r a l o t h e r S t . L o u i s bankers
as s t a t i n g t h a t t h e pending b a n k i n g l e g i s l a t i o n was t h e
b e s t w h i c h had ever been developed i n t h e U.S.
11.
Copies o f the!speeches o f Mr. Glass on b a n k i n g r e f o r m on
September 10 and 13* 1913.
51
Box 1? ( f a g s 2)
12,
Copy"of a b i l l under c o n s i d e r a t i o n i n A p r i l * 1913*
d i s c o u r a g i n g t h e use o f I n j u n c t i o n s i n c e r t a i n employeremployee r e l a t i o n s h i p s .
13•
Copy o f t h e Washington Herald f o r December 11* 1913*
c o n t a i n i n g one a r t i c l e i n a s e r i e s on "The Currency
Problem." T h i s a r t i c l e i s e n t i t l e d * "How t h e New System
Would Work*"
14.
Speech i n t h e House by Edward W. Saunders on September
13* 1913* c o n c e r n i n g t h e Banking and Currency B i l l .
53
Box 19 (Page 2)
An e n v e l o p e marked " F e d e r a l R e s e r v e " c o n t a i n s l e t t e r s
dated f o r t h e most p a r t between the years 1912-1914 between
G l a s s and such people as W. W i l s o n , Marburg, Untermyer,
L a u g h l i n , W i l l i s , W. T . Thompson, W. J . Bryan, McAdoo,
e t c . S p e c i f i c a l l y t h e f o l l o w i n g l e t t e r s of i m p o r t a n c e a r e
herein contained.
1.
L e t t e r from Glass t o governor of the P . R. Bank of
P h i l a d e l p h i a (September 1 7 , 1920) e x p l a i n i n g t h e
course of events immediately preceding f i n a l enactment
o f t h e F e d e r a l Reserve A c t .
2.
L e t t e r from C. S . Hamlin (March 3 1 , 1926) r e g a r d i n g
a statement from C o l . House's book.
3.
L e t t e r of thanks t o W. J . Bryan f o r h i s support and
h e l p (September 2 5 , 1 9 1 3 ) .
4.
L e t t e r from H. P. W i l l i s (November 1 4 , 1912) discussing
s t r a t e g y f o r t h e committee i n meeting p o s s i b l e c r i t i c i s m s
o f Untermyer.
5.
L e t t e r o f c o n g r a t u l a t i o n from Warburg.
6.
L e t t e r s t o H. P. W i l l i s r e p o r t i n g r e s u l t s o f conferences
between Glass and Owen (June 9 , 1 9 1 3 ) .
7.
L e t t e r t o W i l l i s mentioning a f i f t e e n or twenty d i s t r i c t
reserve plan ( A p r i l 11, 1913).
8.
L e t t e r t o W. Wilson i n f o r m i n g him t h a t one of h i s
suggestions had been embodied i n t h e b i l l (May 1 5 , 1 9 1 3 ) .
33
Notes on t h e c o n t e n t s o f Box 18, Glass papers.
1.
L e t t e r from Paul Warburg s u g g e s t i n g changes i n t h e
Glass b i l l .
2.
L e t t e r s o f persons s e e k i n g t o l o c a t e a F e d e r a l
Reserve Bank a t Richmond, V i r g i n i a .
3.
Speech o f J . C* R u t h e r f o r d (9 February 1916} r e g a r d i n g
banking p o l i c y i n V i r g i n i a .
4.
Report o f t h e Committee on Banks o f t h e House o f
D e l e g a t e s by Mr. R u t h e r f o r d o f Goochland.
5.
L e t t e r o f A. M i t c h e l l Palmer t o Mr. Glass r e l a t i v e
t o s e v e r a l s e c t i o n s o f t h e F e d e r a l Reserve A c t ,
6.
L e t t e r f r o m Mr. Warburg t o Mr. Glass r e l a t i v e
r e d i s c o u n t s , e t c . i n s e c t i o n 14.
7.
L e t t e r o f S. H. Green r e g a r d i n g guarantee o f d e p o s i t s ,
8.
L e t t e r t o M r . McAdoo.
9*
L e t t e r o f J e f f e r s o n M. Levy t o Mr. McAdoo recommending
W. W. Flmnnigan f o r a p o s i t i o n .
10.
to
H a t t o n M. Summers l e t t e r t o Glass r e g a r d i n g commodity
paper fcs c o l l a t e r a l o f F e d e r a l Reserve n o t e s .
T h i s box c o n t a i n s many i t e m s * some o f unique v a l u e * o t h e r s
m e r e l y i n t e r e s t i n g as s i d e l i g h t s ; many l e t t e r s r e g a r d i n g
j o b s and d i s t r i b u t i o n o f p a t r o n a g e .
2S&J&
M i s c e l l a n e o u s Correspondence
(192.3)
1.
L e t t e r o f August 3* 1916, t o Mr* Glass from Paul Marburg
o f t h e F e d e r a l Reserve Board. Marburg had t a l k e d w i t h
M r . Mann about branch b a n k i n g . He had a l s o d i s c u s s e d
t h e g o v e r n o r s h i p o f t h e F e d e r a l Reserve Board w i t h Mr.
McAdoo. A statement t o McAdoo i s i n c l u d e d a l o n g w i t h
the l e t t e r .
2.
Note o f May
1916, t o Mr. Glass f r o m Charles 3 .
Hamlin, o f ' t h e Federal Reserve.Board, e n c l o s i n g a
l e n g t h y statement o f h i s t h i n k i n g on proposed amendments
to- t h e n o t e i s s u e s e c t i o n o f t h e F e d e r a l Reserve A c t .
F i v e o b j e c t s o f t h e amendments a r e l i s t e d and d i s c u s s e d .
3.
S e v e r a l l e t t e r s r e g a r d i n g statements o f R e p r e s e n t a t i v e
Kitchen.
4.
A r t i c l e o f June 5* 1916, d i s c u s s i n g t h e c l e a r a n c e o f
checks.
5.
L e t t e r o f August 31* 1 9 * 6 , from Mr. Glass c o n c e r n i n g
check c l e a r a n c e .
6.
L e t t e r s c o n c e r n i n g s t a t e banks and t h e McFadden A c t .
7.
L e t t e r s c o n c e r n i n g check c l e a r a n c e and t h e K i t c h e n b i l l .
8.
L e t t e r concerning the p o s s i b i l i t y of r e p e a l i n g the
N a t i o n a l Bank A c t a t the. p o i n t r e q u i r i n g t h a t banks
e x t e n d no l o a n s i n excess o f
of t h e i r capital*
The
q u e s t i o n o f s u r p l u s accounts i s i n v o l v e d .
9.
Lengthy statement o f Senator James A* Reed, u r g i n g t h a t
t h e Senate g i v e f u l l and adequate a t t e n t i o n t o t h e
Currency B i l l , because o f i t s i m p o r t a n c e .
Changes
a l r e a d y made a r e d i s c u s s e d and o t h e r changes a r e suggested.
10.
L e t t e r f r o m t h e Deputy C o m p t r o l l e r o f t h e C i t y o f Mew
Y o r k , c o n c e r n i n g t h e r e d i s c o u n t i n g t r a n s a c t i o n s between
r e s e r v e banks.
11.
Note of October 3* 193.3* from W. G. McAdoo, S e c r e t a r y
of t h e T r e a s u r y , c o n c e r n i n g t h e m a t u r i t y o f paper h e l d
by t h e banks.
53
Box 19
(Page 2)
12.
C l i p p i n g from t h e September 8 , 1913* Hew York American
s t a t i n g t h a t t h e Glass b i l l was ready t o go b e f o r e t h e
House. S o l Wexler o f t h e American Bankers A s s o c i a t i o n
q u e s t i o n e d t h e c o n s t i t u t i o n a l i t y o f t h e measure.
Connection o f t h e c u r r e n c y b i l l and t h e t a r i f f l e g i s l a t i o n , sponsored by Mr. Underwood, n o t e d .
13.
A r t i c l e i n a French p a p e r , c o n c e r n i n g t h e p a s s i n g o f
t h e Glass b i l l by t h e House.
14.
Copy o f the Treasury D a i l y Statement f o r October 1 , 1913.
15.
E d i t o r i a l from the Roanoke World News, comparing Mr.
Glass favorably t o Claude A." S a n s o n , who had p r e v i o u s l y
defeated him i n a s e n a t o r i a l e l e c t i o n .
16.
L e t t e r s t a t i n g t h a t other changes i n the Glass b i l l a r e
needed, r a t h e r than those coming from the Senate. The
l e t t e r i s handwritten, dated December 12, 1913, and i s
on s t a t i o n e r y of the Down Town Club.
17.
L e t t e r of October 25, 1913* condemning Frank Vanderlip
f o r h i s change i n a t t i t u d e on questions r e l a t i n g t o the
Currency B i l l .
18.
Pages 13-20 of proposed changes i n the Currency B i l l
and explanations f o r the changes.
19.
L e t t e r from K. Parker W i l l i s t o Mr. Glass on December
4 , 1913, s t a t i n g t h a t there are many changes which should
be made i n the Owen b i l l . Mr. W i l l i s proposes t o meet
w i t h Mr. Glass t o go over the e r r o r s contained i n t h e
measure.
20.
Statement agreeing t h a t the provisions of the Currency
B i l l ape s a t i s f a c t o r y , i f no changes are possible, but
suggesting numerous Improvements.
21.
L e t t e r from J . C. McReynolds, the Attorney General, on
February 7» 1914, o f f e r i n g a favorable r e p o r t on b i l l s
t o confine the use of "national" t o q u a l i f i e d banks.
22.
Copy of an a r t i c l e by Louis Nash, "The Functions of
Money".
23.
L e t t e r of August 2 , 1913, from a bank i n Weatherford,
Texas, g i v i n g the views of a country bank on the
Currency B i l l .
56
Box 19
(Page 3)
24.
L e t t e r s t a t i n g t h a t an a r t i c l e o f Paul Marburg 5 o i s
enclosed and t h a t t h e w r i t e r agrees w i t h Mr. Warburg
t h a t t h e number o f F e d e r a l Reserve banks should be
reduced.
25.
L e t t e r from t h e p r e s i d e n t o f t h e Greenwich Bank ..n
Mew York on August 7 , 1913* a d v o c a t i n g t h a t n a t i o n a l
banks be p e r m i t t e d t o have branches.
26.
Copy o f a b i l l presented t o t h e House Committee i n Banking
and Currency by R. M. Widney o f Los Angeles* Cal; Cornia*
i n t e n d e d t o p e r m i t n a t i o n a l banks t o place t h e i r
r e s e r v e s on d e p o s i t w i t h t h e Treasury Department or t h e
Sub-Treasuries.
27.
Requests f o r copies o f t h e Currency B i l l a t i t a v a r i o u s
stages.
28.
L i s t o f q u e s t i o n s on t h e minds o f t h e l e a d e r s of a
group o f s m a l l c o u n t r y bankers.
29«
L e t t e r s o f August 20* 1913* from t h e n a t i o n a l A s s o c i a t . c n
o f C r e d i t Men, s u p p o r t i n g t h e Currency B i l l ?is prepared
f o r t h e caucus w i t h no change warranted i n t h e rediscount
provisions.
30.
L e t t e r o f August 2 0 , 1913* from Milwaukee, W i s c o n s i n ,
s u g g e s t i n g t h a t n a t i o n a l bank notes be b e t t e r r e g u l a t e d
and t h a t no r e f u n d i n g p r o p o s i t i o n be c o n s i d e r e d .
31.
Note o f August 21, I 9 I 3 , from Charles S. Hamlin, then
A s s i s t a n t S e c r e t a r y o f t h e t r e a s u r y , c o n g r a t u l a t i n g Mr.
Glass on a speech he had r e c e n t l y made.
32.
L e t t e r s c o n c e r n i n g t h e opening o f savings departments
a t n a t i o n a l banks, w r i t t e n on August 19, 1913* by
Charles M i l l e r .
33-
Copy o f an a r t i c l e by Murray C o r r i n g t o n , e n t i t l e d , -The
C l e a r i n g House as a B a s i s f o r Currency I s s u e s . The OwenGlass B i l l , " r e p r i n t e d from t h e August 1913 Banking Law
Journal.
34.
L e t t e r from a hardware s t o r e I n D u l u t h , Minnesota,
e x p r e s s i n g o p p o s i t i o n t o t h e Currency A c t .
35•
Telegram o f f e r i n g t h e support o f t h e N a t i o n a l A s s o c i a t i o n
o f C r e d i t Men f o r t h e new b i l l .
36.
L e t t e r o f Spetember 3* 1913> from F . S. Heath, s t a t i n g
t h a t he has found 11 amazing e r r o r s " i n t h e Glass b i l l .
Box. 19
{
4
}
37.
L e t t e r of September 5? 1913, - s t a t i n g ' t h a t not a l l
bankers around New York are opposed t o t h e Glass b i l l .
38.
L e t t e r from William W. Clay on September 9 , 1913, concerning government notes as bank reserves
39.
Note from t h e Secretary of t h e Treasury, enclosing an
a r t i c l e by President Hadley of Y a l e , which he wishes to
t a l k over w i t h Mr. Glass and Mr. W i l l i s .
The a r t i c l e
contains c r i t i c i s m s of section 17 of b i l l H.R. 6454.
40.
L e t t e r of September 11, 1913, from F . S. Heath, e x p r e s s i n g
the hope t h a t t h e Glass b i l l w i l l be defeated s i n c e
combining banks i n t o a corporation has proven u n d e s i r a b l e
i n the past.
41.
L e t t e r of September 12, I 9 1 3 , from Edmund F i s h e r , Deputy
Comptroller of New York C i t y , making suggestions f o r
f u r t h e r changes which might be advocated by Mr. Glass
as the Senate considered the Currency B i l l .
42.
L e t t e r from L. C. S o r r e l l on September 5 , 1913, asking
t h a t several corrections be made i n the Currency B i l l .
43.
Note from Secretary of the Treasury, W. G. McAdoo, c a l l i n g
a t t e n t i o n t o an enclosed report from Charles S . Hamlin,
Assistant Secretary of t h e T r e a s u r y , suggesting s e v e r a l
changes i n a d d i t i o n t o the redemption o f Federal Reserve
notes i n g o l d , i f t h i s l a t t e r r e v i s i o n i s made.
; |44.
L e t t e r s expressing opposition t o the Currency B i l l .
Miscellaneous l e t t e r s concerning the Currency B i l l .
n
i ji |' ' J
1
<<46.
fj j!!;
J
Note from Treasury Secretary, McAdoo, on August 28, 1913,
c o n c e r n i n g the savings Muik department p r o v i s i o n s of
the Currency B i l l .
47.
Two minor suggestions made by the S o l i c i t o r of the
Treasury i n connection w i t h the Currency B i l l on August
2 9 , 1913.
48.
Lengthy comment upon some of the more important features
of the proposed currency l e g i s l a t i o n , e . g . , the Federal
Reserve Board, reserves, and bank examinations.
49.
Suggestions from the Produce Exchange Annex of New York
as t o how t o create a b e t t e r b i l l than the Glass measure
and one less l i k e the previous A l d r i c h proposals.
50.
Newspaper a r t i c l e s of September, 1913, r e l a t i n g to the
Currency B i l l . Reversal of opinion concerning the Glass
b i l l by the V i r g i n i a Bankers Association, c o n f l i c t noted
between redemption of Federal Reserve notes and the gold
standard; statement of Senator Owen c r i t i c i s i n g t h e
37
61
Boa 19
(Page '5)
bankers f o r t h e i r a t t i t u d e s toward t h e Currency B i l l .
51.
A r t i c l e from t h e B a l t i m o r e Sun o f September 1 , 1913*
p r a i s i n g Mr. Glass f o r h i s work i n s t e e r i n g t h e
Currency B i l l t h r o u g h t h e House caucus. Events reviewed«
52.
Newspaper a r t i c l e n o t i n g t h e commendation o f Mr. Glass
by P r e s i d e n t W i l s o n f o r his v work on t h e Currency B i l l
and i n t h e caucus.
53.
L e t t e r o f September 15* 1913* t o Mr. Glass from
Sellgman,
c r i t i c i s i n g the r e g i o n a l organization
t h e i s s u e o f notes by t h e government* Seligman
t h a t t h e ideas o f Paul Warburg be g i v e n g r e a t e r
i n d e t e r m i n i n g t h e c o n t e n t of t h e Currency B i l l .
5^.
L e t t e r from t h e American Bankers A s s o c i a t i o n on August
15* 1913* s u g g e s t i n g t h a t o r g a n i z a t i o n c o u l d be f a c i l i t a t e d by t h e numbering o f t h e F e d e r a l Reserve D i s t r i c t s
so as t o conform t o t h e numbering system f o r r e s e r v e
cities.
55•
Note from John S k e l t o n W i l l i a m s on August 2 1 , 1913*
c o n g r a t u l a t i n g Mr. Glass on h i s speech b e f o r e t h e caucus.
56.
L e t t e r from t h e p r e s i d e n t o f an Alabama Bank, e x p r e s s i n g
o p p o s i t i o n t o t h e abolishment o f exchange charges.
57.
L i s t o f q u e s t i o n s about t h e Currency B i l l , s u b m i t t e d by
a D e t r o i t lawyer.
58.
C o n g r a t u l a t o r y messages o f August, 1913* c o n c e r n i n g t h e
Glass speech b e f o r e t h e caucus.
*
59•
Telegram o f August 2 2 , 1913* t o Mr. Glass from H. Parker
W i l l i s , s t a t i n g t h a t D r . W i l l i s w i l l be i n Washington
soon and have t h e r e p o r t on t h e savings s e c t i o n , a l t h o u g h
belatedly.
60.
L e t t e r o f August 25* 1913* from W. W. Flannagan t o Mr.
. Glass m e n t i o n i n g h i s d i s c u s s i o n o f t h e banking measure
w i t h H. Parker W i l l i s , t h e n d e a l i n g w i t h t h e a d v i s a b i l i t y
o f c l e a r i n g checks a t p a r .
61.
L e t t e r o f August 25* 1913* frem H. Parker W i l l i s t o Mr.
G l a s s , c o n c e r n i n g h i s work f o r t h e Glass Subcommittee
and c r i t i c i s i n g t h e bankers f o r t h e i r a t t i t u d e s .
Mr,
W i l l i s was opposed t o l e t t i n g t h e bankers have t h e i r way
w i t h r e s p e c t t o check c l e a r a n c e and t h e number o f r e s e r v e
banks•
Edwin R<
and
suggests
weight
39
goac 19
(Page 6 )
62.
L e t t e r opposing t h e Issue o f c u r r e n c y by t h e bankn.
63.
Suggestion o f a C a l i f o r n i a banker, r e g a r d i n g t h e savings
bank s e c t i o n o f t h e Currency B i l l .
64.
L e t t e r from a Massachusetts p u b l i s h i n g company, making
t h r e e suggestions f o r i m p r o v i n g t h e Currency B i l l .
65.
L e t t e r o f August 37* 1913$ from t h e p r e s i d e n t o f t h e
n a t i o n a l bank a t S h e f f i e l d , P e n n s y l v a n i a , l i s t i n g seven
v e r y good reasons f o r t h e banks t o oppose t h e Glass
Bill.
66.
L e t t e r from J . W. Powers o f G a i n e s v i l l e , Texas, s t a t i n g
t h a t even t h e best bankers are biased i n t h e i r work on
banking l e g i s l a t i o n .
67.
L e t t e r from W i l l i a m W. C l a y , e n c l o s i n g an e d i t o r i a l
p r a i s i n g t h e stand taken by t h e American Bankers Associ a t i o n w i t h r e s p e c t t o c u r r e n c y r e f o r m , and e x p r e s s i n g
w i l l i n g n e s s t o debate anyone on t h e most v i t a l s u b j e c t
o f c u r r e n c y r e f o r m , i * e . , t h e tendency t o i n c r e a s e or
decrease t h e n a t i o n a l d e b t .
68.
Report by t h e p r e s i d e n t o f t h e C i t i z e n f s League o f
M i n n e s o t a , c o n c e r n i n g changes t h a t s h o u l d be made i n t h e
Glass-Owen b i l l .
69.
{
Proposal t o s t r e n g t h e n t h e n a t i o n a l banking system by
having c u r r e n c y i s s u e d d i r e c t l y t o t h e banks by t h e
government, a c c o r d i n g t o t h e d i c t a t e s o f a commodity
, 1 price index.
70i 1
A June, 1913, Hew York Herald a r t i c l e , c o n c e r n i n g t h e
banking l e g i s l a t i o n soon ^pTTe i n t r o d u c e d i n t h e House.
The a n t i c i p a t e d c o n t e n t o f t h e measure I s p r e s e n t e d .
71•
E d i t o r i a l l i s t i n g t h e needs o f banking which have been
g e n e r a l l y accepted as a p a r t o f a r e f o r m o f t h e banking
system, and t h e t h i n g s which l e g i s l a t i o n must p r o v i d e
against.
72.
Pamphlet by W a l t e r P. McCaleb, "Guarantee or Insurance
o f Bank Deposits. 1 1
73•
R e s o l u t i o n s adopted d u r i n g A p r i l , 1913* by v a r i o u s
branches o f t h e n a t i o n a l C i t i z e n s League, u r g i n g t h a t
immediate a t t e n t i o n be g i v e n t o banking l e g i s l a t i o n .
7^.
L e t t e r q u e s t i o n i n g t h e p r o v i s i o n s o f t h e Currency B i l l ,
r e g a r d i n g bank e x a m i n a t i o n s .
60
Box
37
(Page
4)
75*
Paper concerning t h e p r o t e c t i o n o f t h e g o l d s u p p l y .
76.
Memorandum o f f e r i n g a p l a n f o r a C e n t r a l Bank o f t h e
United States.
77•
Note from t h e e d i t o r o f t h e Bankers Magazine, s t a t i n g
t h a t a c e n t r a l bank would be u n d e s i r a b l e . A pamphlet
i s e n c l o s e d , c r i t i c i z i n g t h e proposed l e g i s l a t i o n .
78.
L e t t e r r a i s i n g q u e s t i o n s , c o n c e r n i n g c l e a r i n g houses
and t h e d e f i n i t i o n o f "savings d e p o s i t s . 1 1
79-
A l i s t o f e r r o r s i n t h e Currency B i l l .
80.
Suggestion t h a t a l l banks be compelled t o become members
o f the new system, i n c l u d i n g an e d i t o r i a l .
81.
Report by J . H e r b e r t Anderson, "Memorandum Regarding
Currency Reform."
61
Box gQ, 'Glaaa papers.
1.
L e t t e r s o f c e r t a i n c i t i z e n s o f Burmingham i n support o f
t h a t c i t y as a s i t e o f a F e d e r a l Reserve Bank.
2.
A diagram o f t h e e f f e c t o f a l o a n by a F e d e r a l Reserve
Bank t o a member bank.
3.
A statement o f o p e r a t i o n s o f F e d e r a l Reserve Banks.
k«
A l l e n 1 a p o l i t i c a l essays as a s e c t i o n on c e n t r a l banks.
5.
A study o f t h e Glass b i l l by A. B. S t i c k n e y .
6.
Bache review o f August 2 3 , 1913, c o n t a i n s a s e c t i o n on
t h e Currency (Glass) b i l l .
7.
S h i b l e y essay on c u r r e n c y
8.
B u l l e t i n o f K e l s o n , Cook and Company on t h e g e n e r a l
banking s i t u a t i o n .
9.
Chicago l e t t e r , 17 September 1913* c f . a c l i p p i n g
regarding W i l l i s but c l i p p i n g i s missing.
10.
legislation.
L e t t e r o f 22 August 1913 r e g a r d i n g 0wen*s i m p o s i t i o n s
r e g a r d i n g t h e Glass b i l l .
KfU.1 L e t t e r s from A. B. W i l l i a m s , 29 August 1913* r e g a r d i n g
I a u t h o r s h i p o f Glass b i l l .
i, i
L e t t e r o f H.
M l c h i e r e g a r d i n g Glass 1 " c o u s i n o f Dukie
11
I bulletin
r e l a t i v e t o h i s b e i n g k e p t out o f t h e
^ ' p r o f e s s o r s h i p of law.
13.
L e t t e r o f R. L . Jordan o f East Radford r e l a t i v e t o Owen.
14.
L e t t e r o f J . C. Swart r e g a r d i n g i n v i t a t i o n of U n i t e d Commercial
T r a v e l l e r s t o Senator Owen, and l e t t e r t o Glass a s k i n g
him t o see Mr. Owen.
15.
L e t t e r o f J . B. Lagess r e g a r d i n g l i q u i d a t i o n o f banko.
16.
Letter of E
17.
Nelson, Cook and Company o f B a l t i m o r e w r o t e r e g a r d i n g
paper e l i g i b l e f o r r e d i s c o u n t .
18.
R e p r e s e n t a t i v e Henry w r o t e r e g a r d i n g a g r i c u l t u r a l paper.
D. Kent r e g a r d i n g . d i s c o u n t m a r k e t .
Footnote r e l a t i v e t o Item 12:
Perhaps t h i s should read ae
f o l l o w s : L e t t e r o f H. F. M i c h i e r e g a r d i n g Glass 1 " c o u s i n
D i c k i e B i r d " r e l a t i v e t o h i s b e i n g kept out o f t h e p r o f e s s o r s h i p of law.
Box 2 1
M i s c e l l a n e o u s Correspondence '(1913-17)
1.
Report i n a P h i l a d e l p h i a paper o f a d e c l i n e i n
circulation.
2*
Copy o f a l e n g t h y l e t t e r t o Mr. George Roberts from A
¥ . Green, c o n c e r n i n g t h e a c t u a l e x i s t e n c e o f t h e money
t r u s t w h i c h Mr. R o b e r t s f e l t d i d n o t e x i s t .
This l e t t e r
accompanies one t o Mr. G l a s s , g i v i n g a s p e c i f i c example'
o f t h e money t r u s t .
3.
Newspaper a r t i c l e o f J u l y 2 4 , 1913, e n t i t l e d , " C u r r e n c y
B i l l i n Chaos," r e l a t i n g t o t r o u b l e w i t h Mr. Henry o f Texas *
over government c o n t r o l o f b a n k i n g .
L e t t e r o f October 31* from H. Parker W i l l i s , s u g g e s t i n g
t h a t M r . Glass would n o t be w i s e t o l e t i m p o r t a n t p a p e r s ,
c o n c e r n i n g b a n k i n g r e f o r m , out o f h i s possession*
Mr.
W i l l i s expresses w i l l i n g n e s s t o d i s c u s s t h e m a t t e r w i t h
Mr. Glass a t a c o n v e n i e n t t i m e .
5.
Note from Joseph P. T u m u l t y , S e c r e t a r y t o t h e P r e s i d e n t ,
on J u l y 2 5 , 1913, c o n c e r n i n g an appointment t o t h e Naval
Academy.
6.
Telegrams o f J u l y and A u g u s t , 1913* opposing t h e Neeley
amendment.
7.
A u t h o r i z a t i o n s from Thomas G. P a t t e n and Charles A.
K o r b l y t h a t Mr. Glass v o t e f o r them a g a i n s t t h e Ragsdale
amendment»
8.
L e t t e r and p a r t o f a proposed b i l l r e l a t i n g t o t h e s e c t i o n
o f t h e Currency B i l l d e a l i n g w i t h F e d e r a l Reserve n o t e s ,
9.
L e t t e r from Mr. Porgan, p r e s i d e n t o f t h e N a t i o n a l C i t y
Bank o f Chicago, t o W i l l i a m G® McAdoo, S e c r e t a r y o f t h e
T r e a s u r y , c o n c e r n i n g t h e f r e q u e n c y o f bank e x a m i n a t i o n s
and t h e examiners i s r e f e r r e d t o Mr. Glass f o r c o n s i d e r a t i o n and subsequent d i s c u s s i o n .
0.
L e t t e r s c o n c e r n i n g j o b s as p o s t m a s t e r s .
1.
Miscellaneous
2.
L e t t e r f r o m t h e p r e s i d e n t o f t h e F l o r s h e i m Shoe Company,
d e a l i n g w i t h open market o p e r a t i o n s .
correspondence.
Telegram from George Reynolds n o t i n g a c o r r e c t i o n t o a
t e l e g r a m p r e v i o u s l y sent t o Mr. G l a s s .
63
Bpx
37
(Page 3)
14.
L e t t e r u r g i n g Mr* Glass t o m a i n t a i n h i s p o s i t i o n a g a i n s t
i n t e r f e r e n c e from t h e bankers o f t h e c o u n t r y or t h e W a l l
Street interests.
15*
Copy o f a pamphlet, "A S e n s i b l e S o l u t i o n t o Our F i n a n c i a l
Problem," by John W. Gomes.
16.
Copy o f a pamphlet,
a Foreign Banker."
17.
L e t t e r from a C a l i f o r n i a bank p r e s i d e n t , u r g i n g Mr. Glass
t o d i s r e g a r d t h e r e s o l u t i o n s o f t h e American Bankers
Association.
18.
Proposed change i n t h e s e c t i o n o f t h e Currency B i l l ,
concerning the d i v i s i o n of earnings.
19.
L e t t e r from Rudolph Spreckels t o P r e s i d e n t W i l s o n on J u l y
2 6 , 1913, s u g g e s t i n g t h a t t h e P r e s i d e n t go slow i n a c c e p t i n g
t h e banking l e g i s l a t i o n t h e n i n p r e p a r a t i o n . The h i g h
s u b s c r i p t i o n r e q u i r e m e n t s f o r s t o c k i n t h e new banks and
t h e c o u n t i n g o f funds h e l d a t r e s e r v e c i t y banks as r e s e r v e s
a r e t h e s p e c i a l p o i n t s p i c k e d out f o r c r i t i c i s m .
The
P r e s i d e n t r e f e r r e d t h e l e t t e r t o Mr. G l a s s .
20.
L e t t e r from t h e S o l i c i t o r o f t h e T r e a s u r y , renewing t h e
s u g g e s t i o n t h a t t h e government be g i v e n a p r i o r l i e n on
t h e assets o f t h e F e d e r a l Reserve banks.
21.
L e t t e r from t h e p r e s i d e n t o f a New Jersey bank c o n c e r n i n g
safeguards on t h e Savings Banks s e c t i o n o f t h e Currency
Bill.
22.
L e t t e r from t h e p r e s i d e n t o f a bank i n Norwich, New Y o r k ,
> g i v i n g h i s suggestions f o r improvement upon t h e pending
l e g i s l a t i o n . Several other s i m i l a r l e t t e r s .
21
The Currency Question As Viewed by
23.
Speech by C a r t e r Glass on A p r i l 13, 1916, c o n c e r n i n g
banking reform, c r e d i t i n g the Wilson a d m i n i s t r a t i o n " w i t h
c o r r e c t i n g t h e two fundamental d e f e c t s o f t h e banking system*
24.
Telegrams o f J a n u a r y , 1914, c o n c e r n i n g t h e d e s i r a b i l i t y
o f p l a c i n g a F e d e r a l Reserve bank i n Richmond, V i r g i n i a .
25•
L e t t e r o f August 11, 1913, t o Mr. Glass from H. Parker
W i l l i s , c o n c e r n i n g a meeting w i t h Phelan and t h e p r e p a r a t i o n of the report f o r i n t r o d u c t i o n of the b i l l i n t o the
House.
26.
Copy o f a l e t t e r w r i t t e n on August 2 2 , 1913, by W i l l i a m
Jennings Bryan a t t h e S t a t e Department t o Mr. G l a s s , l i s t i n g
t h e t h r e e t h i n g s f e l t t o be most i m p o r t a n t i n c o n n e c t i o n
w i t h c u r r e n c y l e g i s l a t i o n and l e a v i n g f u r t h e r d e t a i l s up
t o t h e P r e s i d e n t and o t h e r s . This seems t o be t h e l e t t e r
which s i l e n c e d Mr. Henry a t t h e Democratic caucus.
Boj^Sl
27.
28.
(Page 3)
Copy o f a b i l l i n t r o d u c e d by Mr. H i t c h c o c k on A p r i l 8*
1913* t o e s t a b l i s h t w e n t y n a t i o n a l r e s e r v e a s s o c i a t i o n s *
.Answers t o t h i r t y - t h r e e q u e s t i o n s s u b m i t t e d t o Edmund
D. F i s h e r by members o f t h e Senate Banking, and Currency
Committee.
29.
E d i t o r i a l , w r i t t e n a week a f t e r t h e Glass b i l l was
presented t o t h e House, d i s c u s s i n g t h e b i l l and t h e
changes proposed.
30.
Very i m p o r t a n t l e t t e r t o Mr. Glass from H. Parker W i l l i e
on November 8 , 1913* acknowledging r e c e i p t o f a l e t t e r
from Charles B&smer, cleric of t h e House Banking and
Currency Committee, accompanied by a copy o f a statement
by Mr. Glass about Senator Reed. Mr. W i l l i s w r i t e s o f
h i s own u n w i l l i n g n e s s t o d i s c u s s t h e f a c t s about t h e
e a r l y h i s t o r y o f t h e Glass B i l l b e f o r e t h e Senate Banking
Committee.
31.
L e t t e r from a V i r g i n i a banker q u e s t i o n i n g t h e wisdom of
t h e s e g r e g a t i o n o f t h e savings department.
32.
Copy o f t h e N a t i o n a l C i t y Bank L e t t e r f o r August, 1915*
c o n t a i n i n g t a b l e s , d e f i n i t i o n s , and statements r e l a t i n g
t o F e d e r a l Reserve a c t i v i t i e s .
33*
L e t t e r from a New Jersey banker, g i v i n g seven reasons f o r
par c o l l e c t i o n o f checks.
34.
Note from Paul Warburg o f t h e F e d e r a l Reserve Board on
September 14, 1914, a s k i n g t h a t Mr. Glass read an
e n c l o s u r e b e f o r e a d i s c u s s i o n on t h e s u b j e c t .
35•
Copy o f a d i s c u s s i o n o f t h e fundamental p o i n t s o f the.
Banking and Currency B i l l , prepared under t h e d i r e c t i o n o f
Festus J . Wade.
36. . L e t t e r o f January 16, 1914, from Mr. Glass t o R e p r e s e n t a t i v e
Underwood, r e q u e s t i n g t h e t r u e s t o r y o f t h e a t t e m p t o f
Mr. Henry t o g e t Mr. Glass t o agree t o amend t h e Currency
b i l l w i t h respect t o a g r i c u l t u r a l c r e d i t s i n r e t u r n f o r
t h e end o f Henry 1 s o p p o s i t i o n t o t h e b i l l .
Reply from Mr.
Underwood.
37.
Two-page l i s t o f p o i n t s a t which t h e House conferees f o r c e d
changes I n t h e Senate ICurrency B i l l .
38.
Copy o f an a c t p e r m i t t i n g n a t i o n a l banks e s t a b l i s h e d c l o s e
t o t h e borders betweeri s t a t e s t o s e l e c t o n l y a m a j o r i t y
o f t h e i r d i r e c t o r s fra& t h e s t a t e i n which t h e y o p e r a t e .
65
Box
37
(Page 4)
39.
A statement about t h a F e d e r a l Farm Loan A c t .
40.
L e t t e r from Representative Shouse on July 11, 1916,
asking f o r the opinion of Mr. Glass on the PomereneMcFadden b i l l and enclosing a l e t t e r from a banker a t
Lexington, Kentucky, favoring the b i l l because of seasonal
needs f o r c r e d i t .
41.
L e t t e r s from bankers favoring the McFsddin b i l l and
discussing exchange charges and branch banking.
42.
Paper by "William 0 . McAdoo on p r o s p e r i t y .
43.
L e t t e r of June 6 , 1916, t o Mr. Glass from Paul Warburg,
enclosing an advance copy of a speech he i s t o d e l i v e r .
44.
L e t t e r from a Richmond banker, urging more leeway i n
extending loans f o r banks with small c a p i t a l but large
surplus.
45.
Note from Charles S. Hamlin, of the Baord of Governors,
enclosing a r e p o r t t o the House J u d i c i a l Committee,
encouraging the study of the problems involved when one
man holds more than one p o s i t i o n w i t h i n the banking system.
46.
Statement by James K. Lynch, president of t h e American
Bankers Association on December 3 , 1916, dealing w i t h
"Inter-bank Deposits."
'
1
47.
L e t t e r from John Skelton Williams, Comptroller of t h e
Currency, enclosing a l e t t e r concerning t h e payment of
i n t e r e s t on deposits. Mr. Williams f e e l s t h a t the payment
of i n t e r e s t on deposits could be abolished i f s t a t e banks
could be regulated i n t h i s respect.
48.
A l e t t e r from Mr. Williams on March 6 , 1916, enclosing a
l e t t e r from a banker, regarding the government o f f i c i a l s
being placed on the boards of d i r e c t o r s of the reserve
banks.
49.
L e t t e r from Mr. Williams on March 6 , 1916, enclosing a
l e t t e r from the Richmond Federal Reserve Bank, w r i t t e n on
November 12, 1915. Mr. Williams questions the d e s i r a b i l i t y
of l i m i t i n g n a t i o n a l bank deposits t o a stated m u l t i p l e
of t h e i r c a p i t a l and surplus.
50.
L e t t e r of July 6 , 1916, t o Mr. Glass from Charles S.
Hamlin, of the Federal Reserve Board, suggesting the
e l i m i n a t i o n of a clause from the Federal Reserve Act.
66
BOX.; 21
(Page 5 )
A copy o f a l e t t e r o f November 2 3 , 1914, fro..' Benjamin
Strong t o Paul Warburg, expressing s i m i l a r feedings i n
enclosed.
51.
Copy of the Book of the I n d u s t r i a l Republic, e d i t e d by
John £ . Alden.
52.
L e t t e r from the president of an Alabama bank i n the
March 4 , 1916, Chronicle, opposing t h e c o l l e c t i o n of
checks a t p a r .
53.
L e t t e r from John Skelton W i l l i a m s , the comptroller of the
Currency, on March 2 , 1916, w i t h an enclosure, requesting
a c t i o n on a b i l l enabling h i s o f f i c e t o crack down on
usurers.
54.
L e t t e r from a Richmond, V i r g i n i a , bank president t o John
Skelton Williams w i t h a ccpy g o i n g t o Mr. Glass", concerning
d i s c r i m i n a t i o n i n check clearance.
55.
Copy of a r e p o r t of November 13, 1915 # by P. A. Delano,
Paul Warburg, and W.P.G. Harding of the Federal Reserve
Board, concerning o r g a n i z a t i o n a l a c t i v i t y and p a r t i c u l a r l y
a lessening of the number of d i s t r i c t s .
56.
Statement by the chairman of the Democratic n a t i o n a l
Committee, claiming a wide divergence between the F e d e r a l
Reserve Act and A l d r i c h b i l l .
57.
A r t i c l e by Frank W. Hackett, "Double Taxation of N a t i o n a l
Banks".
58.
E d i t o r i a l i n the September 21, 1916, Evening Post concerning
the f a i l u r e of the Democrats t o make a campaign issue of
the F e d e r a l Reserve Act. (See envelope).
59 •
A r t i c l e from L e s l i e ' s Weekly f o r October 9 , I 9 1 6 , concerning
the l i f e of Paul Warburg, g i v i n g p a r t i c u l a r a t t e n t i o n t o
h i s connection w i t h the F e d e r a l Reserve System. (See
envelope).
60.
L e t t e r of October 2 0 , 1916, from H. Parker W i l l s , S e c r e t a r y
of the F e d e r a l Reserve Board. (See envelope.)
61.
L e t t e r from F . H. S t o l t z e on October 7 i 19^6, asking f o r
f u r t h e r information concerning par clearance of checks.
(See envelope.)
62.
Copy of the N a t i o n a l C i t y Bank l e t t e r f o r October, 1916,
containing a section jpn the Federal Reserve System, the
amendments t o the act ajnd suggesting t h a t F e d e r a l Reserve
notes could be used as bank r e s e r v e s .
(See envelope.)
Box 2 1
(Page 6)
L e t t e r o f October 12, 1916, from W,P.G. Harding on t h e
F e d e r a l Reserve Board, d i s c u s s i n g a c o n v e n t i o n o f the
American Bankers A s s o c i a t i o n . (See e n v e l o p e . )
L e t t e r from W i l l i a m 0 . McAdoo, S e c r e t a r y o f t h e
T r e a s u r y , c o n c e r n i n g t h e p a r t played by t h e Republicans
i n t h e a d o p t i o n o f t h e F e d e r a l Reserve Act and e x p r e s s i n g
r e g r e t a t t h e e x p r e s s i o n o f a f a l l a c i o u s o p i n i o n by t h e
President.
Box 21
Miscellaneous Correspondence
(1913-1?)
1.
L e t t e r from W i l l i a m G. McAdoo, enclosing a statement
prepared on September
1913» by W. W. Plannagan,
concerning stock subscriptions and r e s e r v e s .
2.
An index t o the Currency B i l l and an a b s t r a c t of the
F e d e r a l Reserve Act.
3.
L i s t o f changes i n the Currency B i l l , proposed by the
S o l i c i t o r of the Treasury.
4.
L e t t e r of October 7, 1913* from W. W.
the discount process.
5.
E d i t o r i a l from the Hew York "Morning" Telegram f o r August
1913, concerning the lik&ihood of the schemes of Robert
L . Henry wrecking the attempted currency reform.
6.
Newspaper a r t i c l e concerning the p o s s i b i l i t y of l i t i g a t i o n ,
i f n a t i o n a l banks are faced w i t h the a l t e r n a t i v e of
e n t e r i n g the new system or l o s i n g t h e i r c h a r t e r s .
7.
E d i t o r i a l p o i n t i n g out how d i f f e r e n t things might have
been w i t h respect t o currency l e g i s l a t i o n , had Senator
A l d r l c h remained q u i e t on matters r e l a t i n g t o t a r i f f s .
Mr. Glass' statement t h a t the work of the Monetary
Commission had proven of l i t t l e use, i s c a l l e d "a b l u f f . "
The close s i m i l a r i t y of the A l d r l c h and Glass measures i s
pointed o u t .
8.
Copy of a speech on t a r i f f l e g i s l a t i o n by Senator Morris
Sheppard, placed i n the Congressional Record f o r September
4 , 1913.
— —
9.
B r i e f statement concerning the discount process.
Flannagan concerning
10.
Statement from the San Francisco News L e t t e r of September
2 7 , 1913# t h a t the bankers and the W a l l S t r e e t I n t e r e s t s
would have t o accept any l e g i s l a t i o n backed by President
Wilson.
11.
B r i e f statement describing the Currency B i l l , w r i t t e n on
J u l y 11, 1913, by the v i c e - p r e s i d e n t of a Richmond, V i r g i n i a
bank.
12.
L e t t e r of July 9 , 1913, from C. F. Chllds and Company,
d e a l i n g w i t h government bonds.
69
Box 37 (Page 4)
13.
Pamphlet on a n t i - t r u s t l e g i s l a t i o n i n c o n n e c t i o n w i t h
i n t e r s t a t e t r a d e , i n c l u d i n g a discussion of the
Clayton B i l l .
14.
Paper concerning loans t o d i r e c t o r s of n a t i o n a l banks.
15.
Suggestion f o r an amendment of the discount section of
the Federal Reserve Act.
16.
Paper comparing a money system t o a l a k e .
17.
Statement o f causes f o r f a i l u r e o f a d r y goods J o b b i n g
concern i n 1914.
18.
Statement of the opinion of the R a t i o n a l C i t i z e n s ' League
of the Glass-Owen b i l l .
19.
Copy of a l e t t e r of July 16, 1913, w r i t t e n t o P r e s i d e n t
Wilson by £ . H. G i l l e t t e ; making two points about t h e
proposed currency l e g i s l a t i o n .
20.
Note from Joseph P. Tumulty, Secretary t o t h e P r e s i d e n t ,
concerning p o s s i b i l i t y of war w i t h Mexico i n 1914.
21.
L e t t e r of A p r i l 18, 1914, from the Richmond Business
Men's Club, requesting copies of the speech i n which Mr.
Glass advocated the designation of Richmond, V i r g i n i a ,
as a s u i t a b l e l o c a t i o n f o r a Federal Reserve Bank.
22.
L e t t e r of January 5> 1914, p r a i s i n g Mr. Glass f o r his
work on the Currency B i l l and c r i t i c i z i n g t h e bankers
and other Congressmen.
23.
Congratulatory l e t t e r from the president o f a Richmond,
V i r g i n i a bank, upon the passing of the Currency B i l l .
24.
Speech of Carter Glass t o the House on December 2 2 , 1913,
presenting the r e p o r t of the Conference Committee on the
Glass-Owen b i l l .
25.
Copy of the Federal Reserve Act as f i n a l l y accepted by
both Houses of Congress.
26.
P e t i t i o n s urging p r o h i b i t i o n
27.
Copy of a b i l l introduced i n the Senate by John Sharp
Williams on December 23, 1913, providing f o r the Insurance
of deposits a t N a t i o n a l banks, along w i t h a l e t t e r from
Mr. Williams explaining why he introduced the measure.
legislation.
TO
Box 22
(Page 3)
28.
L e t t e r o f J u l y 2 , 1914, from t h e C o n f i d e n t i a l S e c r e t a r y
a t t h e Department o f . S t a t e , s t a t i n g t h a t a Glass recommendation f o r 1 appointment would be t r a n s m i t t e d t o
S e c r e t a r y Bryan.
29.
Letter
a copy
R e a e
a t any
30.
L e t t e r o f June 2 9 , 1914, t o Mr. Glass from t h e N a t i o n a l
A s s o c i a t i o n o f C r e d i t Men, t h a n k i n g him f o r h i s speech
t o t h e i r c o n v e n t i o n on t h e F e d e r a l Reserve System.
31•
L e t t e r from Senator Claude Swanson, s u g g e s t i n g t h a t
M r . Glass p e r m i t h i s name t o be put on t h e l i s t .to r e c e i v e
c e r t a i n p u b l i c a t i o n s on a g r i c u l t u r e .
o f June 3 0 , 1 9 * 4 , from F i W. M o n d e l i , e n c l o s i n g
of a b i l l t o repeal t h a t part of the Federal
p r e v e n t i n g t h e d e p o s i t o f p o s t a l savings funds
non-member bank.
B32LM
Miscellaneous Correspondence (1914-15)
1.
Copy of a b i l l introduced i n the House on August 14,
1914, providing f o r the Issuance of Federal Reserve
notes to producers of cotton.
2.
A r t i c l e from the New York Outlook f o r May 16, 1914,
l i s t i n g the I n i t i a l appointees of President Wilson t o
the Federal Reserve Board.
3.
Copy of the Outlook a r t i c l e i n the Hamilton Herald,
accompanied by a c r i t i c i s m of Representative Robert L .
Henry f o r attempting t o gain the s p o t l i g h t i n connection
w i t h the currency l e g i s l a t i o n .
4.
L e t t e r of July 3> 1914, from the N a t i o n a l Association o f
Credit Men, attempting t o correct a f a l s e impression
t h a t the organization had endorsed the Federal Reserve
Act.
5.
Requests f o r copies of the Glass speech, "The Federal
Reserve A c t . "
6.
Notes on the Federal Trade Commission B i l l .
7.
A copy of the Glass speech, "The Federal Reserve A c t . "
8.
Numerous l e t t e r s t o Mr; Glass, answered by Charles D.
Hamner, h i s s e c r e t a r y .
9.
Pamphlets and correspondence r e l a t i n g t o an attempt by
Edward S. Brown t o recover c e r t a i n bonds and mortgages
which had been confiscated by the government.
0.
Request f o r a copy of Mr. Glass* speech t o the Economic
Club of New Tork from F . L. Darrow on December 20, 1913.
1.
L e t t e r of August 2 8 , 1913* l i s t i n g the names of the nine
Representatives who had voted against the Currency b i l l .
2.
L i t e r a t u r e r e l a t i n g t o primary e l e c t i o n s .
3.
Copy of a r e s o l u t i o n , passed on February 4 , 1916, by the
V i r g i n i a House of Delegates, supporting President Wilson'
p o l i c y of preparedness.
4.
L e t t e r from F . A. Delano of the Federal Reserve Board on
November 17, 1915, minimizing the d i f f e r e n c e s between
Mr. Glass and Mr. Delano.
72
Box 37 (Page 4)
15.
L e t t e r from William G. McAdoo, S e c r e t a r y o f t h e Treasury 9
011 November 24, 1915, concerning o r g a n i z a t i o n a l problems
i n connection w i t h the Federal Reserve Board and t h e
Federal Reserve d i s t r i c t s .
16.
A r t i c l e by an Oklahoma Judge, "The Crimes of t h e Usurer
i n Oklahoma."
17.
L i s t of i n t e r e s t r a t e s charged by a bank t o a woman
borrower.
18.
Copy of an act of March 11, 1916, allowing n a t i o n a l banks
t o u t i l i z e s t a t e laws guaranteeing deposits.
19.
Copy of a b i l l introduced by Mr. Glass on December 6 , 1916,
concerning demand deposits and reserves.
20.
Data and discussion on the Federal Reserve system and i t s
f u n c t i o n s , along w i t h a comparison of conditions before
and a f t e r the passing of the Federal Reserve A c t , prepared
on October 6 , 1914, by A. B. Leach & Co.
21.
Memorandum prepared on May 29, 1916, by the Treasury
Department f o r the Comptroller of the Currency, concerning
amendments t o the revenue section of the United States
Revised S t a t u t e s .
22.
Important l e t t e r of June 2 1 , 1913, t o Nr. Glass from
Samuel Untermyer, l i s t i n g three p a r t s of the proposed
l e g i s l a t i o n t o which he e s p e c i a l l y objected, s t a t i n g
t h a t there was much more t h a t might be s a i d , and expressing
the opinion t h a t banks w i l l enter the system and remain
i n i t , i f they are informed of the b e n e f i t s l i k e l y t o
accrue.
23.
Letjters concerning appointment t o West P o i n t .
24.
Copjsr of the Montgomery Messenger o f Christiansburg, V i r g i n i a ,
f o r June 6 , 19027 favoring the e l e c t i o n of Carter Glass
t o the Bouse of Representatives.
25.
Letjter of February 19, 1914, requesting Representative
Charles B. Smith t o get information on the o r i g i n of
the Currency B i l l , i s r e f e r r e d t o Mr. Glass.
26.
L e t t e r suggesting a s i t u a t i o n f o r a t t e n t i o n by the Fujo
Committee.
73
Box
2k
M i s c e l l a n e o u s Correspondence, 1913-1936.
Much i n t e r e s t i n g m a t e r i a l on o r i g i n and e a r l y
h i s t o r y o f F e d e r a l Reserve System, i n c l u d i n g c o r r e s pondence between Glass and 0wen3 and Marburg and Glass1
l e t t e r s from bankers t o Glass expressing t h e i r views
on F e d e r a l Reserve System. Pamphlet "The Owen-Glass
b i l l , Some C r i t i c i s m s and Suggestions," by Paul M.
Warburgj Pamphlet by Samuel Unterrayer, "Who i s
E n t i t l e d t o the C r e d i t f o r the F e d e r a l Reserve A c t / '
mimeographed statement of Congressman Eagle opposing
F e d e r a l Reserve Acts Mimeographed s t a t e m e n t o f Glass
concerning attacks by Owen and Untermyer;
folder
p r i m a r i l y containing mewspaper c l i p p i n g s on i n t e r n a t i o n a l f i n a n c e , also s e v e r a l c l i p p i n g s concerning
Glass 1 c r i t i c i s m s of M i t c h e l l ' s p o l i c y decisions
i n 1929 and on "The Reserve Board's P o s i t i o n " ;
L e t t e r t o the H. Y. Times from Seligman; f o l d e r o f
correspondence on "The Tale of Two Heefers."
Also
included i s a f o l d e r of l e t t e r s r e l a t i v e t o farm
r e l i e f l e g i s l a t i o n i n 1914-16; f o l d e r of c o r r e s pondence w i t h or concerning Randolph Leigh and t h e
1936 campaign f o r the Senate; f o l d e r of correspondence
w i t h Norman Hamilton.
O f f i c i a l correspondence (1912-13)
A. L e t t e r s between M r . ©lass and H. Parker W i l l i s ,
c o n c e r n i n g t h e c o n t e n t o f v a r i o u s d r a f t s o f t h e Glees
b i l l and plans f o r the holding of hearings.
1.
Mr. Glass ..requests explanation of the process by
which commercial paper can be s u b s t i t u t e d f o r
government bonds as b a c k i n g f o r the note i s s u e .
2.
L e t t e r s concerning the attempt of Samuel Untermyer
t o t a k e over r e s p o n s i b i l i t y f o r banking l e g i s l a t i o n .
3.
L e t t e r s concerning J . Laurence Laughlin.
4.
L e t t e r from Mr. W i l l i s on January 2 , 1913, l i s t i n g
the major points of the b i l l , on which W i l l i s was
working.
5.
L e t t e r s r e l a t i n g t o the meeting of Mr. Glass and
Mr. W i l l i s w i t h President Wilson on December 2 6 ,
1912.
6.
L e t t e r s t e l l i n g b r i e f l y of discussions of currency
matters w i t h c e r t a i n i n t e r e s t e d persons, l i k e
Warburg and Hepburn.
B. L e t t e r s i n v o l v i n g the f o l l o w i n g :
1.
Samuel Untermyer ( W a l l S t r e e t lawyer)
2.
R. C. M i l l k e n
3.
Ludwig Bendix
4.
0 . W. Underwood (House of Representatives)
5.
Robert J . B u l k l e y (House of Representatives)
6.
James P. Byrnes (House of Representatives)
7.
J . H. Tregoe ( N a t i o n a l Association of C r e d i t Men)
8.
W i l l a r d Ragsdale (House of Representatives)
9.
Frank Morrison (American Federation of Labor)
10.
(American Bankers Association)
Charles A. Lindbergh (House of Representatives)
Bex 25
(Page 2)
11.
Robert L. Henry (House o f R e p r e s e n t a t i v e s )
12.
J . Laurence Laughlin ( U n i v e r s i t y of Chicago)
13.
Festus J . Wade (American Bankers A s s o c i a t i o n )
14.
Robert L. Owen (Senate)
15.
William G. McAdoo (Secretary cf the Treasury)
16.
Joseph P. Tumulty (Secretary t o the President)
17.
L. E* Travis (National C i t i z e n s ' League)
18.
0 . M. W. Sprague ( Harvard U n i v e r s i t y )
19.
Frank Vanderlip ( N a t i o n a l C i t y Bank)
20.
Otis T. Wlngo (House of Representatives)
21.
Sol Wexler (American Bankers Association)
22.
Festus J . Wade (American Bankers Association)
23.
W.P.G. Harding (President of an Alabama bank)
24.
Sid Edmund Walker (Canadian banker)
25-
Hubert D. Stephens (House o f R e p r e s e n t a t i v e s )
26.
Thomas S. M a r t i n (Senate)
27.
Paul M. Warburg (New York banker)
28.
E. D. Hulbert (Chicago banker)
L i s t of witnesses f o r House hearings on the Currency
B i l l w i t h dates.
76
Box 2 8 , Glass p a p e r s .
1.
L e t t e r t o Glass r e l a t i v e t o t h e number o f Reserve banks.
2.
L e t t e r t o Glass r e l a t i v e t o t h e number o f bankers on
t h e Board o f each Reserve Bank.
3.
L e t t e r o f A. B. Hepburn r e g a r d i n g t h e w o r d i n g o f
s e c t i o n 24*
4*
Request o f Hepburn f o r copy o f t h e Currency
5.
Request from many o r g a n i s a t i o n s f o r c o p i e s o f
address by Senator G l a s s .
6.
L e t t e r o f J . W. Jenks t o McAdoo r e g a r d i n g r e d i s c o u n t
by one Reserve Bank o f paper s u b m i t t e d by a n o t h e r .
bill.
Comments:
T h i s box i s o f i n t e r e s t t o t h e h i s t o r i a n s i n c e t h e
l e t t e r s bear on many a s p e c t s o f t h e F e d e r a l Reserve
Bank and f u l l r e a c t i o n t o I t s main p r o v i s i o n s .
Bankers
g e n e r a l l y d i d n o t understand t h e A c t or c e r t a i n o f i t s
p r o v i s i o n s , b u t g e n e r a l l y these were n o t t h e major
I t e m s o f t h e a c t . These l e t t e r s need c a r e f u l a p p r a i s a l
by someone f a m i l i a r w i t h t h e whole background o f t h e
A c t . I t i s t e d i o u s b u t r e w a r d i n g w o r k , even t a x i n g
at times.
77
Box 27
Correspondence on b a n k i n g and c u r r e n c y
( F e b r u a r y t o A p r i l , 1913)
legislation
A.v L e t t e r s r e q u e s t i n g a c t i o n on b a n k i n g and c u r r e n c y
legislation.
1*
L e t t e r of February 2 1 , 1913, from Royal Meeker a t
P r i n c e t o n U n i v e r s i t y , s t a t i n g t h a t he b e l i e v e s an
" i m p o r t a n t r e f o r m a t i o n 1 1 i s about t o t a k e p l a c e i n
the banking laws.
2.
L e t t e r from A. D. M e l t o n o f t h e N a t i o n a l C i t i z e n s *
League.
3*
L e t t e r s from J* Laurence Laughlin.
4.
L e t t e r t o A. P i a t t Andrew.
5.
L e t t e r s making suggestions f o r changing t h e e x i s t i n g
banking o r g a n i z a t i o n . Numerous expressions o f d e s i r e
f o r change.
6.
L e t t e r from Mr. Glass t o W. C. Cromwell on A p r i l 1 ,
1913» s p e c i f y i n g the broad general l i n e s a l o n g
which banking reform might be e f f e c t e d .
7*
L e t t e r from Charles H. T r e a t , f o r m e r Treasurer o f t h e
United S t a t e s , t o A l f r e d E. C u r t i s , president of t h e
N a t i o n a l Bank of North America.
8.
Correspondence c o n c e r n i n g a p l a n f o r c u r r e n c y r e f o r m
t o be submitted t o the Banking and Currency Committee
by A l f r e d 0* C r o s i e r .
9*
L e t t e r from a C a l i f o r n i a p u b l i s h e r , discussing t h e
bank p o l i c y of extending c a l l loans.
10.
L e t t e r from Joseph French Johnson.
11.
L e t t e r from Charles A, Morse of the N a t i o n a l C i t i z e n s
League t o J . Laurence Laughlin, discussing the way t o
e f f e c t the change i n reserve requirements.
12.
L e t t e r s from W i l l i a m G. McAdoo, Secretary of the
Treasury, thanking Mr. Glass f o r sending him copies
of the hearings, held by the Banking and Currency
Subcommittee, and those of the Pujo group i n v e s t i g a t i n g
the "money t r u s t . 1 1
78
Box 37 (Page 4)
13o
L e t t e r from Mr. Glass t o Royal Meeker, r e q u e s t i n g some
d a t a which had been promised him.
14.
Requests f o r copies o f t h e Glass Subcommittee h e a r i n g s
from W i l l i a m A. S c o t t and Edwin ¥ . Kemmerer h o n o r e d . '
15.
L e t t e r from Glass t o Meeker t h a n k i n g him f o r h i s f a v o r
o f t h e r e g i o n a l i d e a and t h e c e n t r a l c o n t r o l b o a r d .
16.
L e t t e r from R. W. M a l t i s o n s u g g e s t i n g t h e use o f
c u m u l a t i v e v o t i n g f o r Board o f D i r e c t o r s .
17.
L e t t e r from a Kentucky l a w y e r , s u g g e s t i n g t h a t bank
d i r e c t o r s be made p e r s o n a l l y l i a b l e f o r d e p o s i t o r s
money.
18.
L e t t e r from t h e Deputy C o m p t r o l l e r o f t h e Currency
r e q u e s t i n g t h e r e t u r n o f c e r t a i n d a t a , loaned t o H.
Parker W i l l i s f o r use by t h e committee.
19.
L e t t e r o f February 12, 1913, from Festus J . Wade, u r g i n g
speed i n r e f o r m i n g t h e banking system.
20.
Copy o f a pamphlet by George B. B a s s e t t , "A Plan f o r
I s s u i n g o f a Redeemable Currency by t h e N a t i o n a l
Government. 11
21.
L e t t e r and b i l l ,
22.
Copy o f a l e t t e r from Rudolph S p r e c k e l s , a San F r a n c i s c o
b a n k e r , t o Woodrow W i l s o n .
23•
I m p o r t a n t l e t t e r o f February 25, 1913> t o Mr. Glass from
Royal Meeker o f P r i n c e t o n U n i v e r s i t y , r e p o r t i n g t h a t a
survey o f a number o f prominent and e s p e c i a l l y q u a l i f i e d
economists had discussed what was known about t h e
pending c u r r e n c y l e g i s l a t i o n . R e g i o n a l system considered
a c c e p t a b l e ; c o o r d i n a t i n g o r g a n i s a t i o n f e l t t o be
necessary. Joseph French Johnson, G.M.W. Sprague,
W i l l a r d F i s h e r , and W. E. Kemmerer mentioned.
24.
L e t t e r o f March 14, 1913* t o Mr. Glass from J . Laurence
L a u g h l i n , c o m p l a i n i n g o f t h e slowness o f t h e House committee
i n g e t t i n g a c t i o n on i t s c u r r e n c y b i l l and e x p r e s s i n g t h e
o p i n i o n t h a t h i s own work should be placed i n t h e hands
o f t h e Senators as a guide t o t h e i r work.
25.
The f i r s t page o f a l e t t e r t o S o l Wexler, a p p a r e n t l y from
Mr. Glass, i n which Glass expresses s u r p r i s e a t Wexler 1 s
a t t i t u d e toward a d r a f t o f t h e Currency B i l l m o d i f i e d i n
accordance w i t h h i s own i d e a s . Three changes proposed
by Mr. Wexler a r e l i s t e d .
the
p r o p o s i n g a more adequate g o l d r e s e r v e .
Box
79
44
Correspondence on t h e Currency B i l l and t h e
F e d e r a l Reserve
(1912-1913)
1.
Correspondence w i t h Samuel Untermyer during November
and December, 1922, concerning Untermyer's proposal
t o merge the two subcommittees of the Banking and
Currency Committee. The proposal was r e j e c t e d .
2.
Copy of the speech by Carter Glass on December 22, 1913,
r e p o r t i n g t o the House the r e s u l t s of the consideration
of the currency b i l l by the conference committee.
3.
L e t t e r from. Charles S. C a l w e l l , president of the Corn
Exchange N a t i o n a l Bank, on June 2 5 , 1913, concerning
the l o c a t i o n of r e s e r v e s .
4.
L e t t e r of J u l y 28, 1913» from George N. Reynolds.
5.
L e t t e r from M r . Glass t o Thomas G. P a t t e n .
6.
L e t t e r of July 25, 1913» i n which Edwin R. A. Seligman
requests copies of the hearings on the Currency B i l l .
7.
L e t t e r from Mr. Glass t o E. B. Spencer on July 16, 1913,
i n which Mr. Glass s t a t e s t h a t the o r i g i n a l Currency
B i l l placed three bankers on t h e F e d e r a l Reserve Board.
Mr. Glass says t h a t he w i l l not oppose the e n t i r e
measure j u s t because he does not agree w i t h a p o r t i o n
of the b i l l .
8.
L e t t e r of November 12, 1913, from Claude Smallwood,
s e t t i n g f o r t h c e r t a i n provisions t o which the o f f i c i a l s
of his bank i n C a l i f o r n i a o b j e c t .
9.
A s i m i l a r l e t t e r from A. J . Waters, president of a bank
i n Los Angeles, C a l i f o r n i a .
10.
L e t t e r of July 17, 1913* from Mr. Glass t o Representative
Francis B. Harrison, expressing the opinion t h a t the
u n d e r w r i t i n g of s e c u r i t i e s was an undesirable p r a c t i c e ,
but not w i t h i n the province of the pending l e g i s l a t i o n ,
and remarking on the closeness of many important votes
by the committee.
11.
I n a l e t t e r t o Representative W. S. Hammond on August
4 , 1913, Mr. Glass s t a t e s t h a t long-term loans t o
farmers by the Federal Reserve banks were not d e s i r a b l e ,
because of t h e i r i l l i q u l d l t y .
80
Box
37
(Page 4)
12a
L e t t e r s from bankers, who have o p i n i o n s concerning
t h e c o n t e n t o f t h e proposed c u r r e n c y l e g i s l a t i o n .
13*
Telegram from Mr. Glass on J u l y 17* 1913* t o H.
Parker W i l l i s , i n f o r m i n g Mr. W i l l i s t h a t t h e committee
and r e f u s e d t o t a k e a c t i o n on s e v e r a l phases o f t h e
b i l l b e i n g p r e p a r e d , unless he were p r e s e n t .
14.
L e t t e r o f J u l y 9 , 1913* t o Mr. Glass from H. Parker
W i l l i s , s t a t i n g t h a t work on a c i r c u l a r and on c e r t a i n
amendments was p r o g r e s s i n g .
Congressman Ragsdale and
A. P i a t t Andrew are mentioned.
15-
L e t t e r t o Festug J . Wade from Mr. Glass on J u l y 1 , .
1913# e x p r e s s i n g t h e thought t h a t A* P i a t t Andrew and
t h e Hew York Times were h o s t i l e t o t h e Currency B i l l ,
and s t a t i n g t h a t t h e b i l l as i t stood was s a t i s f a c t o r y
t o him.
16.
C o n g r a t u l a t o r y l e t t e r from Edwin W. Kemmerer t o Mr.
Glass i n December 24, 1913, upon h i s work I n g e t t i n g
t h e F e d e r a l Reserve Act passed.
17•
L e t t e r from A. B a r t o n Hepburn t o Mr. Glass on June 23*
1913* u r g i n g him t o c a r r y on t h e f i g h t f o r c u r r e n c y
reform.
18.
L e t t e r from A. D. Moyes t o Mr. Glass on December 23,
1913, c o n g r a t u l a t i n g him on t h e success o f t h e
Currency l e g i s l a t i o n and d e s c r i b i n g c e r t a i n o f t h e
h a r d s h i p s i n v o l v e d . Other c o n g r a t u l a t o r y l e t t e r s .
19*
Copies o f two b i l l s i n t r o d u c e d i n t h e House by A l f r e d
G* A l l e n w i t h e x p l a n a t o r y n o t e s , p r o v i d i n g f o r n a t i o n a l
banks t o l o a n money on t h e s e c u r i t y o f r e a l e s t a t e ,
and d e a l i n g w i t h t h e s a l a r y and work l o a d o f a bank
examiner.
20.
Answers t o f o u r q u e s t i o n s , c o n c e r n i n g t h e p r o v i s i o n s
o f t h e Currency B i l l , posed by t h e C a l i f o r n i a Bankers
A s s o c i a t i o n , s e n t t o Mr. Glass on November 11, 1913,
by a C a l i f o r n i a banker.
21.
Note o f J u l y 15, 1913* from Ludwlg B e n d i x , e n c l o s i n g
a d r a f t o f a p l a n f o r an A d v i s o r y Board. Mr. Glass
responds.
22.
Telegrams between Mr. Glass and John V. F a r w e l l , h o l d i n g
open t h e h e a r i n g s f o r s e v e r a l days, u n t i l Mr. F a r w e l l
c o u l d present f u r t h e r i n f o r m a t i o n .
81
Box
37
(Page 4)
23.
Suggestions by Bruce J . Macdonald, a Michigan b a n k e r ,
w i t h r e s p e c t t o t h e Currency l a w .
2k.
Correspondence r e l a t i n g t o Bishop Cannon.
25.
Copy o f a speech made Uy Mr. Glass b e f o r e t h e Senate
on A p r i l 15, 1924, concerning S e n a t o r i a l i n v e s t i g a t i o n s .
26.
Copies o f the speech t o the Senate by Mr. Glass i n
January, 1922, e n t i t l e d , "Truth About the Federal
Reserve System."
27.
New Year wishes from Paul
1913.
28.
L e t t e r from William A. Glasgow, J r . , on March 18, 1512,
arranging a time t o appear before the Glass subcommittee.
29.
Note from George E. R o b e r t s , D i r e c t o r o f t h e M i n t , on
May 28, 1913, s t a t i n g t h a t enclosures contain c e r t a i n
c r i t i c i s m s of the Currency B i l l .
30.
L e t t e r from Mr. Glass t o George W. Taylor on November
8 , 1912, i n which Mr. Glass states h i s awareness of
the attempt by Samuel Untermyer t o take over the work
of the Glass subcommittee.
31.
L e t t e r from Samuel Untermyer t o Mr. class on February
2 7 , 1912, w r i t t e n i n very modest vein s t a t i n g t h a t
Untermyer has no u l t e r i o r motives i n connection w i t h
the work of the Glass Subcommittee. 11 declines any
f u r t h e r opportunity t o appear before tho Committee.
32.
L e t t e r from Mr. Glass on May 30, 1912, tc A. B a r t o n
Hepburn, s t a t i n g t h a t work i n t h e currency measure had
come t o a s t a n d s t i l l on account o f a proposal t o p e r m i t
the government t o carry on banking f u n c t i o n and t o
issue notes. The opinion o f t h e b a n k e r s , R e m o l d s ,
Forgan, and Wade are requested, i n a d d i t i o n \ o Hepburn.
33.
Mr. Glass answered a l e t t e r of June 30, 1913, from
Edward W. S i b l e y t o say that the d i r e p r e d i c t i o n of
Charles W. Fowler are not founded upon f a c t s . Cold
w i l l not be driven out of the country, says Mr. Class.
34.
D e f i n i t i o n of a term suggested by Ludwlg Bendix i n «
l e t t e r of July 7 , 1913.
Warburg on December 31,
82
BoxjgS
(Page 4)
35.
Telegram from Samuel Untermyer, who expresses
a l a r n over newspaper a r t i c l e s u n f a v o r a b l e t o him
and proposes a meeting between h i m s e l f , Mr. P u j o ,
and Mr. Glass t o s t r a i g h t e n t h i n g s o u t .
36.
Telegram from Paul Warburg t o Mr. G l a s s , dated
August 2 1 , e x p r e s s i n g t h e hope t h a t t h e i r f r i e n d s h i p
would n o t be l o s t , d e s p i t e t h e l a p s i n g o f t h e o f f i c i a l
connection o f Mr. Warburg w i t h t h e Currency l e g i s l a t i o n .
37.
Two copies o f t h e speech t o t h e House by Mr. G l a s s ,
p r e s e n t i n g t h e r e p o r t o f t h e Conference Committee.
Bo* g9
Correspondence Bedford County, June 1911-September 1912.
_
^ s box contains l e t t e r s from r e s i d e n t s of
Bedford county t o Glass and v i c e versa. For the
most p a r t they d e a l w i t h requests f o r seeds,
changes i n r u r a l m a i l r o u t e s , and o r g a n i1z a t i o n
of the precincts of the county f o r Glass 1Q12
primary e l e c t i o n .
84
Box 30
Correspondence lynchburg and Canpbell Co.
December 1911 - February, 1912.
This box contains correspondence between
Glass and h i s constituents i n the lynchburg area
and i s of a miscellaneous and r e l a t i v e l y
unimportant n a t u r e .
The main subject t r e a t e d i s
the proposed change i n the counties which would
be included i n the 6 t h d i s t r i c t .
85
Box 3 1
Correspondence: Roanoke C i t y and County,
January - J u l y , 1912.
T h i s box c o n t a i n s correspondence between
Glass and h i s c o n s t i t u e n t s i n t h e above named t e r r i t o r y
and i s concerned p r i m a r i l y w i t h t h e d e m o c r a t i c
p r i m a r y o f 1912,
Other m a t t e r s a r e covered i n some
o f t h e l e t t e r s , b u t these a r e f o r t h e most p a r t
relatively
unimportant.
86
Box 32
®bis box contains correspondence between
Glass and h i s constituents who l i v e i n Lynchburg
and Campbell County ( 1 9 1 2 ) .
Most of the c o r r e s -
pondence i s taken up w i t h such things as requests
f o r seeds and l i t e r a t u r e , or Glass 9
solicitation
of the vote of people i n the area i n the 1912
democratic primary.
nature are discussed.
general importance.
Other matters of a personal
The m a t e r i a l i s of
little
87
Box 33
T h i s box c o n t a i n s correspondence between
Glass and h i s c o n s t i t u e n t s from Roanoke, Montgomery
and F l o y d c o u n t i e s .
The m a t t e r s t a k e n up a r e f o r
t h e most p a r t p e r s o n a l and i n s i g n i f i c a n t .
Such
t h i n g s as s o l i c i t a t i o n o f v o t e s by Glass f o r
1912 p r i m a r y , or r e q u e s t s by c o n s t i t u e n t s
for
garden seeds, b u l l e t i n s , e t c . t a k e up most o f
the box.
the
88
Box 34
This box contains correspondence between
Glass and h i s constituents who l i v e i n Roanoke
C i t y and county {dated 1912).
The correspondence
i s taken up f o r the most p a r t w i t h Glass'
s o l i c i t a t i o n of votes i n the 1912 democratic
primary.
Other subjects such as requests f o r
seeds and b u l l e t i n s are also included.
m a t e r i a l i s of r e l a t i v e l y l i t t l e
Importance.
general
The
89
B c ^
T h i s box c o n t a i n s correspondence between
Glass and h i s constituents who r e s i d e i n Roanoke
C i t y and county (dated 1912-1913).
The m a j o r i t y
o f t h e correspondence i s t a k e n up w i t h recommenda t i o n s o f various people t o Glass f o r
of l o c a l areas.
postmasters
Other m a t t e r s a r e a l s o h a n d l e d ,
but none of them seem t o be o f very g r e a t g e n e r a l
importance.
90
Bex 36
T h i s box c o n t a i n s correspondence between
Glass and h i s c o n s t i t u e n t s who l i v e i n B e d f o r d
County ( d a t e 1 9 1 2 - 1 9 1 3 ) .
The m a t e r i a l d e a l s
w i t h l o c a l problems such as a p p o i n t m e n t o f
masters, changing r u r a l r o u t e s ,
purchase of l a n d , e t c .
government
There a r e a l s o numerous
requests f o r b u l l e t i n s , seeds and o t h e r
d i s t r i b u t e d by Congressmen.
post-
items
*saLZL
Correspondence on b a n k i n g and c u r r e n c y (June t o
November, 1913)
A* M i s c e l l a n e o u s correspondence r e l a t i n g t o t h e c u r r e n c y
l e g i s l a t i o n then i n preparation.
1.
Numerous r e q u e s t s f o r c o p i e s o f t h e Currency B i l l .
2.
L e t t e r s from Mr. G l a s s , announcing meetings o f t h e
House Banking and Currency Committee, t h e Glass
Subcommittee, or t h e Democratic members o f t h e
committee.
3*
Correspondence w i t h W. ¥ . Flannagan, p a r t i c u l a r l y
c o n c e r n i n g changes i n t h e Currency B i l l suggested by
Mr. Flannagan. H. Parker W i l l i s i s p i c t u r e d as
f a v o r i n g t h e changes and Mr. Glass says he has no
o b j e c t i o n s , b u t t h a t t h e members o f h i s Committee do
object.
4.
L e t t e r o f June 25* 1913* from W. W. Flannagan, s t a t i n g
t h a t as f a r as he knows t h e b i l l under p r e p a r a t i o n
i s a good one. He mentions t h e government I s s u e v s .
bank i s s u e q u e s t i o n .
5»
L i m i t a t i o n o f bank p r o f i t examined c r i t i c a l l y by W. W.
Flannagan i n a l e t t e r o f J u l y 10, 1913•
6.
Telegram from H. L. Godwin, i n q u i r i n g as t o when a
caucus m e e t i n g on t h e Currency B i l l i s t o be h e l d .
Mr. Glass g i v e s an approximate d a t e , b u t i s n o t
c e r t a i n t h a t a caucus w i l l be h e l d a t a l l .
7.
A. B a r t o n Hepburn r e q u e s t e d a copy o f t h e Currency
on s e v e r a l o c c a s i o n s .
8.
S u g g e s t i o n by F r a n c i s B u r t o n H a r r i s o n o f t h e House
Ways and Means Committee t h a t t h e problem o f t h e
u n d e r w r i t i n g o f s e c u r i t i e s by banks be i n v e s t i g a t e d .
9.
Complimentary l e t t e r o f J u l y 13, 1913* f r o m Mr. Glass
t o E D. H u l b e r t , c i t i n g p a r t i c u l a r l y t h e r e a c t i o n t o
his criticisms.
10.
L e t t e r o f June 2 6 , 1913* from R o b e r t Henry, Chairman
of the House Rules Committee, r e q u e s t i n g a copy o f
a 1908 Glass speech, a t t a c k i n g t h e major f e a t u r e s o f
the Aldrich-Vreeiand B i l l .
Bill
92
Box 3? (Fage 2)
11.
Suggestion from D. C. Xmboden t h a t t h e p r a c t i c e
by n a t i o n a l banks o f making loans on t h e b a s i s
o f s t o c k h e l d i n o t h e r banks be p r o h i b i t e d .
12.
Telegram o f August
1913* from Mr. Glass t o Charles
A. K o r b l y , u r g e n t l y r e q u e s t i n g t h a t Mr. K o r b l y be
p r e s e n t f o r t h e f i n a l vote a t which Mr. Glass f e a r s
he w i l l be unable t o c a s t K o r b l y * 3 v o t e f o r him.
13.
C o r r e c t i o n s o f wording suggested by David J . L e w i s ,
chairman o f t h e House Committee on Labor. Glass
r e p l i e s t h a t t h e e r r o r s p o i n t e d out by Mr. Lewis
had a l r e a d y been c a u g h t .
14.
L e t t e r o f J u l y 2 8 , 1913* from Mr. Glass t o Charles
A. K o r b l y , s t a t i n g t h a t Glass expects support i n t h e
coming committee m e e t i n g , even though Mr. K o r b l y may
n o t agree w i t h e v e r y t h i n g i n t h e b i l l .
The l e t t e r i s
q u i t e complimentary.
15•
Reasons g i v e n f o r d e c i s i o n t o exclude s t a t e and
m u n i c i p a l bonds from e l i g i b l e paper c a t e g o r y i n
answer t o a l e t t e r from F . J* Lisnsan.
16.
S a r c a s t i c l e t t e r from Mr. Glass t o George H. Looey,
N o r t h C a r o l i n a l a w y e r , who f e l t t h a t h i s suggestions
f o r c u r r e n c y r e f o r m should have been g i v e n g r e a t e r
consideration.
17•
E.W. Kemmerer was sent a copy o f t h e Currency B i l l
upon r e q u e s t on J u l y 8 , 1913.
18.
L e t t e r from Mr. Glass t o C. E. Meek on August 12,
1913* t h a n k i n g Mr. Meek f o r h i s a n a l y s i s o f t h e
pending c u r r e n c y b i l l and n o t i n g t h a t c e r t a i n o f t h e
changes suggested were made i n t h e caucus m e e t i n g .
19*
L e t t e r t o Mr. Glass from Charles E. Meek on August 6 ,
1913* s t a t i n g t h a t Meek f s bank p l a n s t o p u b l i s h a
comparison o f t h e o r i g i n a l d r a f t o f t h e Currency B i l l
t o t h a t accepted by t h e Committee, I f no f u r t h e r
changes were expected by Glass as a r e s u l t o f t h e
caucus. Mr. Glass r e p l i e d t h a t Meed had bettwe w a i t
u n t i l a f t e r t h e caucus.
20.
L e t t e r from Mr. Glass t o W i l l i a m G. McAdoo, S e c r e t a r y
o f t h e T r e a s u r y , a s k i n g t h a t he r e a d and prepare a
r e p l y t o a s u g g e s t i o n s u b m i t t e d by E v e r i s Hayes t o
t h e committee.
93
Bpx 37 (Page 3)
21.
H r . Glass sent W i l l i a m G. McAdoo a copy o f t h e
Currency B i l l on J u l y 22, 1913*
22.
L e t t e r r e f e r r e d by W i l l i a m G. McAdoo t o M r . G l a s s ,
r e f e r r i n g t o t h e p o s s i b i l i t y o f double - l i a b i l i t y i n
t h e case o f •• s t o c k s u b s c r i p t i o n by a n a t i o n a l bank
i n t h e r e s e r v e bank o f i t s d i s t r i c t , i f t h e r e s e r v e
bank were t o f a i l .
Mr. Glass promises t o c l e a r up
t h e c o n f u s i o n e x i s t i n g on t h i s p o i n t .
23.
L e t t e r t o R e p r e s e n t a t i v e A. J . Montague on J u l y 17,
1913, s t a t i n g t h a t t h e framers o f t h e Currency B i l l
had i n mind v e r y l i m i t e d a p p l i c a t i o n o f t h e p r o v i s i o n
p e r m i t t i n g t h e making o f loans on r e a l e s t a t e . These
a r e m a t t e r s f o r separate l e g i s l a t i o n , f e l t Mr. G l a s s .
24.
L e t t e r from C a l d w e l l Hardy t o W i l l i a m G. McAdoo,
c o n c e r n i n g t h e r e t i r e m e n t o f t h e government bonds
s e c u r i n g t h e n o t e i s s u e . Glass answers.
25.
L e t t e r from Mr. Glass t o Charles £ . Meek, p r a i s i n g
t h e pamphlet prepared by Mr. Meek, c o n t a i n i n g t h e
Glass B i l l .
26.
Note from W i l l i a m G. McAdoo t o Mr. Glass on J u l y 1 ,
1913, a s k i n g t h a t an enclosure from Pestus J . Wade be
given c a r e f u l consideration.
27.
L e t t e r from a b a n k e r , c o n c e r n i n g t h e r e t i r e m e n t
t h e government 2 ' s .
28.
L e t t e r from John M. K e l s o n , c o n c e r n i n g t h e p o s s i b i l i t y
o f a p p o i n t i n g members o f t h e F e d e r a l Reserve Board
f o r l i f e , so as t o a v o i d p o l i t i c a l maneuvering.
29.
L e t t e r from Edmund P i a t t o f J u l y 9 , 1913, u r g i n g t h a t
bank funds i n v e s t e d i n t h e F e d e r a l Reserve System be
exempt from t a x a t i o n , because o f t h e pressure o t h e r w i s e
e x e r t e d on c o u n t r y bank e a r n i n g s .
30.
Telegram o f J u l y 3 1 , 1913, from Mr. Glass t o
R e p r e s e n t a t i v e P a t t e n , a s k i n g whether he c o u l d v o t e
f o r P a t t e n a g a i n s t an amendment proposed by Mr. Neeley.
L a t e r o b j e c t i o n t o t h e c a s t i n g o f Mr. P a t t e n 1 s v o t e
noted.
31.
Letter of July
1913, t o Mr. Glass from Edmund P i a t t ,
m e n t i o n i n g t h a t t h e House h e a r i n g s were encouraged by
J . Laurence LaughjLin.
of
94
Box 37 (Page 4)
32.
L e t t e r from Robert D* S e n t , p r e s i d e n t o f a Hew Jersey
bank, t o Mr. Glass on J u l y 8 , 1913* s u g g e s t i n g t h a t
t h e r e s e r v e bank i s s u i n g a n o t e be i d e n t i f i e d and
r e q u i r e d t o redeem t h e n o t e . Mr. Glass expresses
agreement w i t h t h i s i d e a , b u t f e e l s t h a t t h e chances
o f e f f e c t i n g a change o f t h i s n a t u r e are s l i m .
Mr.
Kent a l s o expresses t h e o p i n i o n t h a t t h e proposed
system i s unwise i n t h a t i t throws t h e new banks i n t o
c o m p e t i t i o n w i t h t h e former o r g a n i z a t i o n , $ h l e h Mr.
Kent considered a d m i r a b l y s u i t e d t o i t s t a s k .
33•
Proposal by Senator P o i n d e x t e r , l o o k i n g toward
c o r r e c t i n g d i s c r i m i n a t o r i a l a c t i o n i n t h e case o f
land holders.
34.
L e t t e r from Mr. Glass t o Charles S. C a l w e l l on J u l y
1 , 19i3> c o n c e r n i n g r e q u i r e d r e s e r v e percentages i n
response t o a t e l e g r a m , a s k i n g t h a t loans n o t be
restricted.
35•
Paper by E» A. P a f f r a f f , p r a i s i n g P r e s i d e n t W i l s o n
f o r h i s stand on banking l e g i s l a t i o n and making c e r t a i n
suggestions f o r reform•
36•
Mr. Glass requested a c l i p p i n g bureau on August 7$
1913» t o send him o n l y " f a v o r a b l e " newspaper a r t i c l e s
about t h e Currency B i l l .
37•
A r t h u r Reynolds requested and r e c e i v e d copies o f t h e
Glass B i l l .
38.
Copy o f a l i s t o f q u e s t i o n s t o be sent t o businessmen
by t h e Chicago bank, o f which George M* Reynolds was
president.
39.
L e t t e r fro® Mr. Glass t o V. Sydney R o t h s c h i l d on J u l y
1 , 1913$ s t a t i n g t h a t o r i g i n a l l y no p r o v i s i o n f o r an
a d v i s o r y group t o t h e F e d e r a l Reserve Board was i n c l u d e d ,
b u t t h a t t h e way was l e f t open f o r t h e Committee t o
i n s t i t u t e such a board.
40.
L e t t e r o f June 30, 1913* from t h e S e c r e t a r y o f
Commerce, c o n c e r n i n g t h e o u t l a w i n g o f t h e payment o f
i n t e r e s t on d e p o s i t s .
41*
The t h i n k i n g o f s e v e r a l bankers on f o u r q u e s t i o n s ,
r e l a t i n g t o t h e proposed Currency B i l l , f o r i n s t a n c e ,
government i s s u e or bank i s s u e 1 removal o f r e s e r v e s
from t h e i r l o c a t i o n a t t h e moment.
95
Box 42, {Page 3)
42.
L e t t e r from M r . Glass t o O.M.W. Sprsgue on J u l y 17*
1913* t h a n k i n g him f o r h i s s u g g e s t i o n s .
43.
E i g h t p o i n t s , by w h i c h a s a t i s f a c t o r y r e f o r m measure
c o u l d be p r e s e n t e d , l i s t e d by a F l o r i d a r e l a t o r .
44.
Statement o f t h e p r e s i d e n t o f a B e n t o n , Mew J e r s e y ,
b a n k , as t o what he b e l i e v e d s h o u l d go I n t o a b i l l
on b a n k i n g r e f o r m .
45.
I n answer t o a l e t t e r , Mr. Glass s t a t e s on August
1 5 , 1913, t h a t he made a speech 011 t h e Currency B i l l
b e f o r e t h e Democratic caucus, w h i c h was never
p u b l i s h e d I n any f o r m .
46.
Mr. Glass w r o t e t o J . H. Tregoe on August 12, 1913*
t h a t he expected t h e Currency B i l l t o s u r v i v e t h e
caucus m e e t i n g w i t h o u t any major change, w h i c h would
be tantamount t o acceptance by t h e House.
47.
Note f r o m Joseph P. T u m u l t y , S e c r e t a r y t o t h e P r e s i d e n t ,
t o Mr. Glass on June 2 5 , 1913* e n c l o s i n g a memorandum
f r o m t h e American Bankers A s s o c i a t i o n a t t h e r e q u e s t
o f Senator Owen.
48.
E d i t o r i a l c o n c e r n i n g a c r i t i q u e o f t h e Currency
f r o m t h e I n d i a n a p o l i s S t a r f o r J u l y 2 4 , 1913.
49.
Telegram o f August 7* 1913* t o Mr. Glass from H.
Parker W i l l i s , s t a t i n g t h a t he would b r i n g t h e d r a f t
of a r e p o r t immediately.
50.
L e t t e r o f August 4 , 1913* from Mr. Glass t o Andrew J«
Frame, p r o m i s i n g t o g i v e c o n s i d e r a t i o n t o Frame 1 s
p r o p o s a l c o n c e r n i n g r e s e r v e s , a l t h o u g h he f e a r e d i t
was t o o l a t e t o make any changes a t t h a t p o i n t , because
o f t h e p r e v i o u s a c t i o n on t h e q u e s t i o n o f t h e d i v i s i o n
o f e a r n i n g s . Glass s t a t e s t h a t r e s e r v e r e q u i r e m e n t s
may y e t be r e d u c e d .
51.
L e t t e r o f August 4 , 1913* from Mr. Glass t o H. Parker
W i l l i s , e n c l o s i n g t h e l a t e s t d r a f t o f t h e Currency
B i l l and s u g g e s t i n g t h a t W i l l i s w i r e any f u r t h e r i d e a s ,
i n o r d e r t o b e a t t h e h o l d i n g - o f t h e Democratic caucus.
52.
Telegrams between Mr. Glass and H* Parker W i l l i s *
r e g a r d i n g meeting t o get a r e p o r t ready f o r p r e s e n t a t i o n .
Bill
96
BoxjgS (Page 4)
53.
L e t t e r o f July 3, 1913, t o Mr. Glass from Pestus
J . Made, s t a t i n g t h a t he r e t u r n s a copy o f t h e b i l l ,
h a v i n g made o n l y minor changes, b u t t h a t he would
l i k e a t © l a t e r date t o d i s c u s s more i m p o r t a n t
changes w i t h Mr. G l a s s .
54.
L e t t e r from Mr. Glass t o John Skelton W i l l i a m s ,
thanking him f o r a f a v o r .
55.
L e t t e r from H. Parker W i l l i s on J u l y 8 , 1913, t o
W i l l i a m G. McAdoo, who r e f e r r e d t h e l e t t e r t o Mr.
G l a s s . W i l l i s mentions seeing Mr. F l s k , a New York
banker and h a v i n g promised t o w r i t e out a statement
o f h i s views f o r Mr. F l s k .
97
Box 3 8 , Glass pap ere,.
1,
Speech o f 27 A p r i l 1933 by Glass I n o p p o s i t i o n t o
abandonment o f t h e g o l d s t a n d a r d .
.2.
Reference t o a bound volume o f 500 l e t t e r s and
telegrams commending h i s speech.
3.
Speech by Glass on farm subsidy, June 14, 1929.
4.
Speech by Glass a t J e f f e r s o n Day C e l e b r a t i o n , 13
A p r i l 1916, contrasts old and new system of banking.
Comment:
An e f f o r t should be made t o l o c a t e and examine t h e
bound volume o f 500 l e t t e r s and t e l e g r a m s r e f e r r e d
t o above.
assLia
R e p o r t s c o n c e r n i n g b a n k i n g an<1 p r j 1 l i e s ; . l e t t e r s concer-nir'S
b i o g r a p h y 1919-1939? " T a l e o f £"o H e i f e r s . "
A.
Twenty-three copies of the b o o k l e t , "A T a l e of Two
H e i f e r s , " e x p l a i n i n g the case Mr. glass presents
against s t a t e c a t t l e I n s p e c t o r s , r e g a r d i n g u n f a i r
p r a c t i c e s i n t h e d e t e c t i o n of disease.
B.
S t a t i s t i c a l study o f banking by H. N. Stronk f o r t h e
Comptroller of the Currency.
a.
Trend of development of n a t i o n a l and s t a t e
banking systems.
b.
Bank suspensions
c.
Earnings p o s i t i o n of banks
d.
Movement of group banking
C.
Booklet containing speeches and l e t t e r s presented on
June 1 8 , 1929, a t a convention i n Roanoke, V i r g i n i a ,
of those opposed t o A l f r e d E. Smitn as a candidate for
President of the United S t a t e s .
D.
Copy of the Monthly R e p o r t of th»? Bureau of War Ria 1 *
Insurance f o r June, 19-L9. ~
1.
Polder
of the
copies
Norman
F.
Lengthy r e p o r t on the U n i t e d C o r p o r a t i o n , a group h o m i n g
m i n o r i t y i n t e r e s t i n numerous companies, n e a t l y u t i l v t . ' . e s ,
prepared f o r t h e Senate by W. B . Home o f the Boobou!*;
D i v i s i o n of the F e d e r a l Trade Commission. ( J . IP. Morgan^
and Company were major stockholders i n t h e Corporation, x
o f l e t t e r s mostly from bankers t o John K. KoKce
F e d e r a l Reserve Board, thanking hira f o r ser,/Uii"\
of t h e Glass biography by Rixey Smith anc-.
Beasley.
99
Box 40
G a l l e y proof of t h e Glass speech on t h e F e d e r a l
Reserve A c t .
A.
Advance c o p i e s o f t h e speech by C a r t e r Glass i n
t h e House, r e p o r t i n g t h e Currency B i l l o u t o f
Committee.
B.
One advance p r i n t of t h e r e p o r t o f t h e Hous$
Banking and Currency Committee, sending t h e
Currency B i l l back t o the f l o o r w i t h o u t
amendment.
C.
Copies of a memorandum, concerning the Currency
B i l l introduced by Mr. Glass.
Box 4 1
Correspondence and p a p e r s , r e g a r d i n g b a n k i n g
{1914}
A.
L i s t of banks f o r which the Federal Reserve System
w i l l c l e a r j time schedules f o r completion o f t h e
c l e a r i n g process.
B.
A batch of telegrams of December 13 - 1 8 , 1913* i n
response t o a question by Mr. Glass as t o whether
bankers p r e f e r r e d the Kitohcock plan f o r government
management of reserve banks t o the House provisions
f o r banker management. Replies are v a r i e d , but t h e
consensus of opinion seems t o be t h a t , i f t h e banks
own the s t o c k , they should a l s o be i n c o n t r o l , and
i f they do not own the stock, government c o n t r o l i s
s a t i s f a c t o r y . O r i g i n a l p l a n a l s o backed.
C.
L i s t of members of the House o f Representatives f o r
the f i r s t session of the s i x t y - f i f t h Congress,
i n c l u d i n g proposed committee assignments f o r m i n o r i t y
members.
D.
Explanation of p o l i t i c a l p a r t i e s and p o l i t i c s ,
p a r t i c u l a r r e f e r e n c e t o the 1912 campaign.
E.
Pamphlets concerning war r i s k s and insurance,
p a r t i c u l a r l y i n regard t o shipping.
F.
Suggestion from an e d i t o r i a l i n a Petersburg, V i r g i n i a
newspaper t h a t Mr. Glass leave the House f o r a
p o s i t i o n on the Federal Reserve Board, i f President
Wilson requested the move.
0.
L e t t e r s of December 12, 1913» t o Mr. Glass from John
V . P a r w e l l s t a t i n g t h a t the Hitchcock B i l l would not
i n s p i r e confidence among businessmen.
8.
L e t t e r of December 13, 1913* from George M. Reynolds,
backs the a d m i n i s t r a t i o n b i l l f o r banker c o n t r o l of
the F e d e r a l Reserve banks against the Hitchcock B i l l .
Mr. Reynolds f e e l s , among other t h i n g s , t h a t four
r e s e r v e banks as a s t a r t would be b e s t .
1.
Memorandum from W. W. Flannagan
operations. Also a copy of the
on January 4 , 1916, r e l a t i n g t o
bonds, government d e p o s i t a r i e s ,
with
concerning discount
Moss B i l l , introduced
farm c r e d i t , U. S.
etc.
101
BOK HI
(con'51
UUBU)
J . B r i e f statements c o v e r i n g a v a r i e t y o f s u b j e c t s
c o n c e r n i n g t h e e s t a b l i s h m e n t o f t h e F e d e r a l Reserve
System, i n c l u d i n g suggestions f o r t h e l o c a t i o n
o f t h e new banks . I n c l u d e s s t a t i s t i c a l d a t a and
newspaper a r t i c l e s *
K.
Nexsspaper a r t i c l e r e p o r t i n g t h e p a r a l l e l , drawn
by House speaker Champ C l a r k , between Mr. Glass
and John Randolph.
Box 44
Correspondence on b a n k i n g and c u r r e n c y (September, 1913?
t o February, 1914)
A. Miscellaneous correspondence r e l a t i n g t o banking reform.
1.
L i s t of suggestions, concerning the proposed
Currency B i l l , presented by the N a t i o n a l Association
of C r e d i t Men.
2.
Correspondence r e l a t i n g t o the p o s s i b i l i t y of
choosing Richmond, V i r g i n i a , as a c i t e f o r one of
the F e d e r a l Reserve banks.
3.
Requests f o r copies of c e r t a i n of the items published
i n connection w i t h the work on the Currency B i l l
i n the House.
4.
L e t t e r of October 15, 1913, from James F . Burke,
concerning committee appointments.
5.
Question o f January 2 7 , 1914, regarding the c l a s s i f i c a t i o n of banks w i t h i n a d i s t r i c t . Mr. Glass
answers t h a t the c l a s s i f i c a t i o n of banks was
designed t o prevent l a r g e banks from c o n t r o l l i n g the
system.
6.
L e t t e r s making plans f o r Charles A. JCorbly t o make
a speech i n the event t h a t Mr. Glass i s unable t o do
do, on t h e subject of banking reform.
7.
L e t t e r s from Mr. Glass, defending Representative
Wilson, who i s said t o have worked hard i n b e h a l f of
the a d m i n i s t r a t i o n proposals.
8.
Correspondence r e l a t i n g t o r u r a l c r e d i t s .
9.
Copy of Wharton B a r k e r ' s plan f o r currency r e f o r m ,
accompanying a l e t t e r from Mr. B a r k e r , s t a t i n g t h a t
he does not consider the House measure s a t i s f a c t o r y .
10.
Statement by Mr. Glass t h a t he approves of a change
i n wording i n the Currency B i l l , suggested by Ludwig
Bendlx, concerning redemption i n gold or l a w f u l
money of the notes Issued.
11.
L e t t e r of October 20, 1913, addressed t o Robert L .
Owen, w i t h a copy sent t o Mr. Glass, i n which George
R. DeSaussure upholds a r e g i o n a l system (a l a r g e r
number of reserve 'banks than were proposed) w i t h
c o n t r o l by the Federal Reserve Board, as opposed t o
a c e n t r a l bank w i t h a Board of D i r e c t o r s .
102
Box 42 {Page ?)
12*
A n a l y s i s o f t h e f e d e r a l Reserve Act by W i l l i a m W*
Flannagan.
13»
Telegram o f October 2 2 , 1913* a s k i n g t h a t Mr* Glass
make a speech b e f o r e t h e Economic Club o f lew Y o r k ,
14.
L e t t e r from E. D. H u l b e r t t o Mr, Glass on February
2 , 1914.
15.
L e t t e r t o u c h i n g upon t h e v a l u e o f money and banker
r e p r e s e n t a t i o n on t h e F e d e r a l Reserve Board, aaong
other t h i n g s .
16.
L e t t e r o f October
I913* t o Robert 1 . Harper from
Mr. G l a s s , p r a i s i n g W i l l i a m Jennings Bryan f o r h i s
work on Currency l e g i s l a t i o n .
17.
I n answer t o another r e q u e s t f o r a copy o f h i s speech
b e f o r e t h e Democratic caucus, Mr. Glass s t a t e s . t h a t
t h e speech was extemporaneous and expresses r e g r e t
t h a t he d i d n o t have i t p u t down i n w r i t i n g , because
o f t h e f a c t t h a t some people c l a i m e d t h a t h i s speech
" s e t t l e d the f a t e of the currency b i l l . 5 5
18.
L e t t e r on January 2 1 , 191%, a s k i n g Mr. Glass t o
p r o c u r e recommendation from t h e Treasury Department
. f o r a b i l l i n s u r i n g d e p o s i t s i n n a t i o n a l banks.
19.
L e t t e r from Mr. G l a s s , s t a t i n g t h a t t h e F e d e r a l
Reserve Act has no a f f e c t upon loans o f savings
banks c h a r t e r e d by s t a t e s .
20.
L e t t e r from Mr. Glass t o W i l l i a m G. McAdoo, t h a n k i n g
him f o r an i n1d e x and a b s t r a c t o f t h e F e d e r a l Reserve
A c t . McAdoo s n o t e .
21.
I n answer t o a l e t t e r , c o n c e r n i n g t h e o r g a n i z a t i o n
o f n a t i o n a l banks, Mr. Glass s t a t e s i n a hurried3.y
w r i t t e n l e t t e r t h a t he f e e l s t h a t t h e a c8 t1 " r e q u i r e s
n a t i o n a l banks t o . p r a c t i c a l l y r e c h a r t e r .
22.
Request from E. M. P a t t e r s o n o f t h e U n i v e r s i t y o f
Pennsylvania f o r copies o f t h e h e a r i n g s h e l d p r i o r
t o the framing of the b i l l .
23.
Telegram o f December 18, 1913, from George M. Reynolds
s t a t i n g t h a t he had encouraged c e r t a i n bankers t o
send messages t o Mr. Glass f a v o r i n g t h e a d m i n i s t r a t i o n
b i l l over t h e H i t c h c o c k b i l l .
Box 42, {Page 3)
24.
M r . Glass w r i t e s t o B r a d f o r d Rhodes on January 3 0 ,
1914, p r a i s i n g t h e F e d e r a l Reserve system and
e x p r e s s i n g t h e o p i n i o n t h a t t h e law assures
prosperity.
25.
Telegram from John Harsen Rhoades on October 2 4 ,
1913, u r g i n g t h a t t h e a d m i n i s t r a t i o n accept Frank
V a n d e r l i p ' s p r o p o s a l f o r a c e n t r a l bank, d e s p i t e
t h e Democratic p l a t f o r m .
26.
I n response t o © l e t t e r from J e f f e r s o n ,D. Stephens,
M r . Glass e x p l a i n s why no d e p o s i t guarantee or r u r a l
c r e d i t p r o v i s i o n s were i n c o r p o r a t e d i n t o t h e
Currency B i l l .
27.
S e v e r a l a d d i t i o n s t o t h e Currency B i l l o f a l e g a l
n a t u r e , proposed by W. E. Stowe on October 14, 1913.
28.
L e t t e r o f September 7 , 1913, f r o m D r . 0 . B . Mayes,
making s u g g e s t i o n s as t o t h e e l e c t i o n o f d i r e c t o r s
f o r n a t i o n a l banks.
29.
Notes o f J a n u a r y , 191^# from Joseph P. T u m u l t y ,
Secretary t o the P r e s i d e n t , concerning a speaking
invitation.
30.
Note f r o m Joseph P. Tumulty on October 7 , 1913,
t h a n k i n g Mr. Glass f o r sending an e d i t o r i a l f o r
President Wilson.
31.
Note o f October 3 0 , 1913* from M r . T u m u l t y , e n c l o s i n g
a l e t t e r from Howard B i t i n g , w h i c h P r e s i d e n t W i l s o n
wanted Mr. Glass t o see.
32.
Copy o f a l e t t e r , w r i t t e n i n O c t o b e r , 1913, by l y o a
G. T y l e r , d e r i d i n g a statement made by Nelson ¥ .
A l d r l c h i n r e f e r e n c e t o t h e F e d e r a l Reserve A c t .
33.
H a n d w r i t t e n l e t t e r o f December 2 5 , 1913> t o M r .
Glass from H. Parker W i l l i s , u r g i n g Mr. Glass t o
oppose c e r t a i n men f o r p o s i t i o n s on t h e F e d e r a l
Reserve B o a r d , who would f o r c e t h e system a l o n g
c e n t r a l b a n k i n g l i n e s . Mr. W i l l i s suggests t h a t men
l i k e Warburg and Conant be k e p t o f f t h e B o a r d . He
t h i n k s i t would be good, i f Mr. Glass would accept
a p o s i t i o n on t h e B o a r d , as suggested by S e c r e t a r y
McAdoo. M r . W i l l i s f e l t t h a t c e r t a i n i n d i v i d u a l s
had changed t h e i r minds s i n c e t h e p a s s i n g o f t h e a c t
and t h a t t h e y would have t o be d e a l t w i t h c a r e f u l l y .
W a l l S t r e e t I n t e r e s t s were s t i l l t o be f e a r e d , N s a i d
M r . W i l l i s . W i l l i s was a l s o o f t h e o p i n i o n t h a t
amendments t o t h e law c o u l d be made as o r g a n i z a t i o n a l
work c o n t i n u e d , i f n e c e s s a r y .
104
105
Box
(I'BZ*
3l4«
L e t t e r o f January
President Wilson,
by E. D. E u l b e r t ,
t o a whole s e r i e s
35.
L e t t e r o f January 5* 1914, from A. B . W a l k e r ,
a s k i n g whether S t a t e banks, which do n o t become
members o f t h e F e d e r a l Reserve System, can r e c e i v e
accomodation from n a t i o n a l banks *
36.
Lengthy d i s c u s s i o n o f t h e Currency B i l l by Adam D.
Warner on September 1 8 , 1913, r e q u e s t i n g t h a t
m u n i c i p a l - s e c u r i t i e s be made a c c e p t a b l e c o l l a t e r a l *
37•
L e t t e r o f September 2 3 , 1913* f r o m W. D. Wood, t o u c h i n g
upon s e v e r a l s u b j e c t s r e l a t e d t o b a n k i n g and c u r r e n c y
reform•
38.
M r . C* D. Htemner, s e c r e t a r y t o M r . G l a s s , s e n t EL
Parker W i l l i s an advance copy o f a Glass r e p l y t o
Senator Reed f o r c r i t i c i s m .
39•
L e t t e r o f October 2 4 , 1913, r e q u e s t i n g t h e r e t e n t i o n
o f the segregation o f savings d e p o s i t s .
40.
R e s o l u t i o n p r e p a r e d by t h e Board o f D i r e c t o r s o f t h e
Richmond Chamber o f Commerce, c o n c e r n i n g c u r r e n c y
legislation.
41.
L e t t e r o f October 2 2 , 1913, a s k i n g t h a t M r . Glass
speak b e f o r e t h e Economic Club o f Hew Y o r k .
42.
I n a l e t t e r t o J . H. Johnson on October 2 8 , 1913*
M r . Glass s t a t e s t h a t , a l t h o u g h e v e r y t h i n g , i s p e r f e c t
i n c o n n e c t i o n w i t h t h e s a v i n g s bank p r o v i s i o n s o f t h e
Currency B i l l , he f e e l s t h a t no change i s n e c e s s a r y .
43.
A magazine c i t e s Robert W. Babson and A. P i a t t
Andrew as c o n s i d e r i n g t h e Owen-Glass b i l l t o be
i n f l a t i o n a r y and r e q u e s t s comment f r o m Mr. G l a s s .
44.
Three changes i n t h e Owen-Glass b i l l a r e suggested by
t h e U t i c a , New Y o r k , A s s o c i a t i o n o f C r e d i t Mens
I ) redemption of notes only i n g o l d ;
S
45.
3-1 $ 1914, from Mr. Glass tof a v o r i n g an amendment suggested
i f i t were n o t expected t o l e a d
o f f u r t h e r amendments.
2 ) r e d u c t i o n o f t h e number o f F e d e r a l Reserve banks, and
3 / r e p r e s e n t a t i o n f o r t h e F e d e r a l Reserve banks on
t h e F e d e r a l Reserve Board or an I n c r e a s e i n t h e
powers o f t h e A d v i s o r y B o a r d .
S u g g e s t i o n s o f o t h e r changes w h i c h m i g h t be made i n
t h e Currency B i l l by s e v e r a l o t h e r A s s o c i a t i o n s o f
C r e d i t Men.
206
S22LJ2 (Fege 5)
46.
L e t t e r s favoring an Owen-Glass b i l l e x a c t l y l i k e
t h a t passed by t h e House.
47.
L e t t e r from Howard W. Lewis on December 16, 1913,
s t a t i n g t h a t favor or disapproval of the Hitchcock
b i l l r e s t s on the ownership of the stock of the
r e g i o n a l reserve banks.
48.
L e t t e r of November 3 , 1913, from the secretary of
the Economic Club of New York, s t a t i n g t h a t not everyone I n the group favors the Vanderlip proposal f o r
a c e n t r a l bank, so t h a t h i s audience w i l l not be
h o s t i l e t o the Currency B i l l .
49.
I n w r i t i n g t o J . P. Pulton on November 2 4 , 1913,
Mr. Glass states t h a t the favor of the business
i n t e r e s t s f o r the Currency B i l l i s appreciated,
e s p e c i a l l y i n view of the opposition of the bankers
t o the measure.
50.
Telegram from E. D. Hulbert on December 18, 1913,
s t a t i n g t h a t bankers favor p u b l i c i z i n g the r e s u l t s
of bank examinations.
51*
Telegrams of December 12, I 9 1 3 , from Mr. Glass t o A.
Barton Hepburn and George M. Reynolds, requesting a
sample of banker opinion on the choice between
government or bank management of the reserve banks.
52.
L i s t of suggestions f o r the Senate Banking and
Currency Committee on October 2 7 , 1913, from the
Indiana Bankers Association and from i n d i v i d u a l
banks a t the instance of other associations.
53.
L e t t e r s from bankers between October and December, 1913,
making c e r t a i n suggestions or recommendations, f o r
i n s t a n c e , supporting the segregation of deposits or
t a k i n g a stand on the issue of notes by the
government or by the banks.
54.
L e t t e r of November 11, 1913, t o Mr. Glass from V i c t o r
Morawetz, containing suggested amendments r e l a t i n g t o
the r e g i o n a l aspect of the new system, punishment f o r
allowing reserves t o f a l l below a c e r t a i n minimum,
and the extent t o which the government should c o n t r o l
the system.
55.
L e t t e r of November 2 6 , 1913, from Representative
Howard Sutherland, asking whether some remedy can be
found f o r the c r i t i c i s m s from country bankers t h a t
t h e i r primary source of earnings would be l o s t under
the proposed betaking laws.
110
BokJ*2 (P&&& 6}
56.
Telegram o f November 1 3 , 1913* from Lou Y* Stephens
t o Senator James A. Reed, s t a t i n g t h a t t h e bankers
favor the passing of the a d m i n i s t r a t i o n currency
b i l l , a l t h o u g h t h e y do n o t agree w i t h e v e r y t h i n g i n
the b i l l .
57.
L e t t e r f r o m Mr. Glass e x p l a i n i n g t h e method by
w h i c h t h e s t o c k o f t h e r e s e r v e banks w i l l be s u b s c r i b e d and comparing t h i s way t o t h a t proposed by
Senator H i t c h c o c k .
58.
L e t t e r from Mr. Glass t o J . H. Trego on December 16,
1913, s t a t i n g t h a t he had r e c e i v e d many t e l e g r a m s
f r o m bankers s u p p o r t i n g t h e a d m i n i s t r a t i o n b i l l
a g a i n s t t h e H i t c h c o c k b i l l and would l i k e t o l e a r n
t h e s e n t i m e n t s o f t h e c r e d i t men a l s o .
59.
Telegrams from. Mr,Glass t o S o l Wexler and Harry A.
W h e e l e r , a s k i n g f o r o p i n i o n s on t h e q u e s t i o n o f
c o n t r o l o f t h e R e g i o n a l Reserve Banks.
60.
L e t t e r o f December 4 , 1913, from Mr. Glass t o H.
Parker W i l l i e , m e n t i o n i n g t h e ease w i t h w h i c h M r .
Glass had found he c o u l d defend t h e Currency B i l l .
Glass s t a t e s t h a t he wants Mr. W i l l i s t o go over t h e
Senate b i l l w i t h h i m s e l f and Mr. K o r b l y w i t h i n t h e
near f u t u r e .
61.
notebook c o n t a i n i n g t h e n o t e s t a k e n by C a r t e r Glass
a t t h e meetings o f t h e Banking and Currency Committee
d u r i n g J u l y and A u g u s t , 1913. Copies o f proposed
amendments, b o t h t h o s e which were passed and t h o s e
w h i c h were d e f e a t e d by t h e c o m m i t t e e , a r e i n c l u d e d .
The names o f members p r e s e n t a t each o f t h e meetings
are l i s t e d .
ICC
Box 4 3 , Slase L paperB^
L e t t e r s o f Harvey A. Wheeler, 8 August 1913* c o n t a i n s
v a l u a b l e m a t e r i a l r e l a t i v e t o Glass b i l l and and
a t t i t u d e o f banks r e l a t i v e t o i t s r e q u i r e m e n t s .
2*
L e t t e r o f Glass t o 8prague.
3,
L e t t e r o f F i s k e t o Glass r e l a t i v e t o C o l . House•
4.
L e t t e r o f Glass t o Senator Simmons r e g a r d i n g
bonds.
5*
L e t t e r o f L a u g h l l n t o Glass r e g a r d i n g r e s e r v e s o f
Reserve Banks•
6.
L e t t e r o f Tregoe, s e c r e t a r y - t r e a s u r e r o f t h e n a t i o n a l
A s s o c i a t i o n o f C r e d i t Men, mentions an a n a l y s i s o f t h e
F e d e r a l Reserve A c t t o be p u b l i s h e d i n t h e A s s o c i a t i o n
magazine.
7.
P o r t i o n o f t h e minutes o f t h e Democratic house caucus
r e l a t e s t o changes i n t h e A c t .
8.
l a t t e r from Mr. Morawits t o G l a s s .
[1- 9 .
i*
"10*
11.
liberty
L e t t e r o f Sprague, 10 June 1913, t o G l a s s .
L e t t e r from Reynolds r e g a r d i n g balances i n o t h e r banks
as r e s e r v e s .
L e t t e r from Spayer & Company.
12.
C l i p p i n g from S t . Louis Republic r e g a r d i n g Glass1
answer t o Senator Reed.
13.
E d i t o r i a l , O c a l a , F l o r i d a , 23 December 1913-
14.
Report on a c t i o n o f t h e Conference Committee on t h e
F e d e r a l Reserve b i l l .
15.
L e t t e r o f W i l l i a m A. S c o t t t o Glass r e g a r d i n g d r a f t
b i l l f o r a c e n t r a l bank.
16.
L e t t e r o f George P. M c L e l l a n t o Glass r e g a r d i n g speech
a t Bremerton.
17•
L e t t e r o f W. A. S c o t t t o Glass on weaknesses i n t h e
b a n k i n g system.
of
•Sssjl*
(pa 3 e 2)
18.
L e t t e r o f Benjamin S t r o n g t o G l a s s .
19.
A speech by Glass "a R e p u b l i c a n i n v e n t i o n exposed 55 ,
7 September 1916, w i t h a n n o t a t i o n s by G l a s s .
20.
L e t t e r o f W. W. Hoxton t o G l a s s , I T January 1927•
21.
L e t t e r from W i l l i s t o G l a s s , 14 December 1918,
regarding treasury.
110
Box 44
Correspondence on banking and currency
(Miscellaneous d a t e s )
1.
Telegram from George M. Reynolds on September 2 1 ,
1914, opposing the attempt t o Incorporate a p r o v i s i o n
against i n t e r l o c k i n g bank d i r e c t o r a t e s i n t h e Clayton
bill.
Mr. Glass responds t h a t he w i l l oppose the move.
2.
Booklet prepared on A p r i l 2 , 1914, containing the
plan decided upon by the o r g a n i z a t i o n a l committee f o r
t h e d i v i s i o n of the country i n t o twelve d i s t r i c t s
and the l o c a t i o n of the F e d e r a l Reserve banks.
3.
L e t t e r from a Texas banker on August 2 7 , 1914,
coaplaining o f the p r o v i s i o n r e q u i r i n g a bank t o hold
a c e r t a i n percentage of i t s c a p i t a l stock & surplus
i n order t o become • member of the F e d e r a l Reserve
System.
4.
L e t t e r from W i l l i a m L . Boss on September 2 0 , 1914,
expressing concern over the f a i l u r e of the F e d e r a l
Reserve Board t o a c t f a v o r a b l y upon h i s proposals f o r
organization.
5.
Telegrams t o Representative R. L. Henry during
September, 1914, concerning emergency currency Issues
f o r a g r i c u l t u r a l purposes.
6.
Telegram of August 19> 1914, requesting t h a t s t a t e
banks be admitted t o membership i n the N a t i o n a l Currency
Association. Mr. Glass notes t h a t such a proposal
has a l r e a d y been made.
7.
L e t t e r s from Charles A. Conant during August, 1914,
concerning r e s e r v e s , note issues, and gold c e r t i f i c a t e s ,
expressing t h e d e s i r e t o p r o t e c t the gold r e s e r v e .
Mr. Glass answers t h a t questions of t a x r a t e s on notes
a r e d i f f i c u l t t o handle. Mr. Conant does not want the
use of gold c e r t i f i c a t e s encourages i n l i e u o f notes
by a high t a x r a t e on note issues.
8.
Mr. Glass answers a question r a i s e d by a banker, concerning the reasoning behind a l i m i t on the loans which
could be made by a bank, according t o i t s c a p i t a l and
surplus.
9.
Copy of a speech by Senator Cummings on September 2 9 ,
1914, expressing d i s s a t i s f a c t i o n w i t h t h e manner i n
which t h e popular i n t e r e s t s have been ignored by the
members of the Federal Reserve Board. Mr. Glass f i n d s
no s p e c i f i c c r i t i c i s m t o which he could r e p l y .
Box 42 {Page ?)
10.
L e t t e r from
complaining
competitive
despite the
11.
L e t t e r from Mr. Glass on September 25, 1914, t o
Frederick E. Farnsworth, t e n t a t i v e l y accepting a
speaking angagement and s t a t i n g t h a t he f e e l s t h a t
great care must be exercised t o prevent the a l t e r a t i o n
of the. Federal Reserve Act i n an unfavorable manner.
12.
Not* from Charles S. Samlin of the Federal Reserve
Board on August 2 9 , 1914, enclosing s e v e r a l proposed
amendments t o the Federal Reserve A c t , and i n c l u d i n g
a paper questioning the wisdom of opening the new banks
immediately.
13.
L e t t e r from W. W. Flannagan on August 15, 1914,
expressing the opinion t h a t I t would be a mistake t o
permit Federal Reserve notes t o count as a p a r t of
the l e g a l Reserve.
14.
L e t t e r from Mr. Glass on July 8 , 1914, t o Congressman
Scott F e r r i s , regarding the holding of p o s t a l deposits
by non-member s t a t e banks and r e l a t i n g t o the Mondell
bill.
15*
Amendment t o the section of the Federal Reserve A c t ,
s e t t i n g f o r t h the requirements f o r t r u s t operations by
n a t i o n a l banks, suggested on August 31, 1914, by George
C. Gregory.
16.
Reply of May 19, 1914, by Mr. Glass t o a l e t t e r from
M. I r s y t o n G r a f f , requesting explanation of the way i n
which the Federal Reserve Act could help a g r i c u l t u r a l
i n t e r e s t s obtain loans.
IT*
L e t t e r from Mr. Glass t o Representative R. L . Henry on
October 9 , 1914, r e f u s i n g a request t o consider a b i l l
not o f f i c i a l l y introduced I n the House, unless Mr.
Henry would agree t o allow the Banking and Currency
Committee t o consider t h r e e b i l l s favorably and r e p o r t
them t o the House f l o o r .
18.
Telegram of September 21, 1914, from S. D. H u l b e r t ,
requesting assurance t h a t Mr. Glass opposes the proh i b i t i o n against i n t e r l o c k i n g bank d i r e c t o r a t e s .
Mr.
Glass responds a f f i r m a t i v e l y .
19.
L e t t e r t o A. Barton Hepburn on September 14, 1914,
e x p l a i n i n g the a t t i t u d e s of several groups toward the
i n c l u s i o n of Federal Reserve notes among reserves and
promising t h a t his committee would defeat any such
proposal.
W. B. Dock on September 9 , 1921,
that the American farmer l a s t i l l a t a
disadvantage w i t h f o r e i g n i n t e r e s t s ,
f e d e r a l Reserve Act.
112
Box 42, {Page 3)
20.
L e t t e r of September 9 ; 1914, t o E. D. H u l b e r t , I n
which Mr. Glass expresses f u l l agreement w i t h Hulbert
on t h e question of reserves.
21.
A telegram from Mr. Glass t o A. Barton Hepburn, asking
t h e p o s i t i o n of the bankers on the question of counting
F e d e r a l Reserve notes as r e s e r v e , i s answered by Mr.
Hepburn t o the e f f e c t t h a t most bankers I n New York
so d e s i r e . I n a subsequent l e t t e r Mr. Glass s t a t e s h i s
view of the problem i n terms of " d i l u t i o n of bank
reserves and r e s u l t a n t i n f l a t i o n . "
The t h i n k i n g of
Mr. Warburg on tjie subject i s not supported by Hr..
Glass although he thus comes i n t o c o n f l i c t w i t h the
F e d e r a l Reserve Board.
22.
Telegram o f August 13» 191*> from A. Barton Hepburn,
g i v i n g an analysis of the problem of a l l o w i n g bank
notes t o be used as reserves by n a t i o n a l banks, a
p r a c t i c e which Mr. Hepburn opposes. I n an answering
telegram, Mr. Glass expresses agreement w i t h Mr.
Hepburn.
23.
Telegram from E. D. Hulbert on August 5 , 1914, requesting
t h a t a proposed amendment t o section 19 of the F e d e r a l
Reserve Act be given consideration as soon as p o s s i b l e .
24.
I n response t o a question concerning the p o s s i b i l i t y
of farmers borrowing money a t a lower r a t e of i n t e r e s t ,
Mr. Glass s t a t e s t h a t l e g i s l a t i o n along t h i s l i n e i s
pending, but t h a t he doubts the value of the proposals.
• 1,
£5.
)<
|i
Copy of a plan f o r the establishment of a N a t i o n a l Land
Mortgage Bank, sent t o Mr. Glass on May 7 , 1914, by
John V. Hogan.
Jhsk;, iXa a l e t t e r o f A p r i l 16, 1914, Mr. Glass s t a t e s t h a t he
? has been experiencing d i f f i c u l t y keeping up w i t h h i s
correspondence, because of the necessity f o r e x p l a i n i n g
the provisions of the F e d e r a l Reserve Act t o the business
• e n of the country.
27.
L e t t e r of March 24, 1914, from E. D. H u l b e r t , asking
about the status of an amendment, upon the p r e p a r a t i o n
of which he and Mr. Glass had agreed.
28.
L e t t e r from Richard W. K n o t t , e d i t o r of the Evening Post
i n L o u i s v i l l e , Kentucky, on September 30, 1914, r e l a t i n g
t o the problem of changing the l o c a t i o n of bank reserves.
Knott f e l t t h a t the v a u l t s of the I n d i v i d u a l bank
was the proper place f o r reserves t o be h e l d . He
opposed Paul Warburg's opinion t h a t the F e d e r a l Reserve
bank o f the d i s t r i c t should have c o n t r o l over the
reserve f u n d s . ' Stanley Matthews, John Sherman, and Mr.
S c h i f f are mentioned. Mr. Glass asnwers t h a t he agrees
113
Box 42, {Page 3)
i n p a r t w i t h Mr. K n o t t , but considers t h e proposed
changes as less serious than does K n o t t .
Several
other l e t t e r s from Mr.Knott d e a l w i t h t h i s s u b j e c t .
29.
I n answer t o a question as t o how much c a p i t a l stock
a s t a t e bank must have before q u a l i f y i n g f o r membership i n the F e d e r a l Reserve System, Mr. Glass s t a t e s
t h a t the requirements are the same as f o r n a t i o n a l
banks.
30.
An amendment suggested by Representative A. w. L a f f e r t y ,
w i t h the aim of making membership requirements somewhat l e s s severe f o r s t a t e banks.
31.
L e t t e r from Mr. Glass t o W i l l i a m G. McAdoo, s e c r e t a r y
o f the Treasury, on October 6, 1914, discussing the
plan by which Representative Henry would have the
F e d e r a l Reserve System extend loans t o cotton producers.
32.
L e t t e r opposing the issue of emergency currency by
s t a t e banks.
33*
L e t t e r from Mr. Glass t o Richard W. Knott on September
2 5 , 1914, concerning the a d v i s a b i l i t y of amending the
F e d e r a l Reserve Act t o enable member banks t o deposit
any p a r t o f t h e i r reserve funds a t the reserve banks.
Mr. Glass f e l t t h a t , i n view of the war I n Europe,
such a c t i o n would be acceptable.
34.
L e t t e r of August 2 2 , 1914, from W i l l i a m G. McAdoo,
suggesting t h a t a higher percent of commercial paper
be permitted t o be held as s e c u r i t y f o r c i r c u l a t i n g
notes, w i t h a corresponding lowering o f requirements
f o r bonds or other s e c u r i t i e s . Easier f i n a n c i n g of
farm crops was expected t o r e s u l t .
35*
L e t t e r from Mr. Glass t o G. W. Musser on J u l y 9 , 1914,
p r a i s i n g H. H. Seldonrldge, a member o f the Banking and
Currency Committee.
36.
Amendments suggested on May 14, 1914, by Herbert
Myrick t o the F e d e r a l Farm Loan s e c t i o n of the N a t i o n a l
Farm Finance A c t . Mr. Glass responded.
37.
Note from W l l l l s m G. McAdoo on A p r i l 2 4 , 1914, accompanying
a memorandum on the proposed Farm Loan Associations.
38.
S e v e r a l other notes from W. G. McAdoo, w r i t t e n during
A p r i l , 1914.
Box 21 (Page 6)
39.
L e t t e r from V. G. McAdoo on March 16, 1914, enclosing
two proposed amendments t o the Federal Reserve A c t ,
d e a l i n g w i t h the discounting of acceptances growing
out of f o r e i g n trade and the amount of reserves held
by ( a ) n a t i o n a l banks, (b) s t a t e banks.
40.
L e t t e r from the American Bankers Association on
September 28, 1914, concerning i n t e r l o c k i n g d i r e c t o r a t e s ,
the continuance of which the bankers favored.
41.
L e t t e r from Representative Edmund P i a t t on September
2 3 , 1914, expressing r e g r e t a t being unable t o attend
a meeting of the Banking and Currency Committee.
42.
L e t t e r of July 9 , 1914, t o D. C. Pryor, regarding the
disapproval of President Wilson f o r the Bulkley r u r a l
c r e d i t s b i l l and answering i n q u i r i e s concerning
Congressmen Thompson and Weaver. Mr. Pryor's l e t t e r
posed three questions.
43.
Statement, prepared by E. A. P a f f r a t h on May 2 2 , 1914,
containing several points r e l a t i n g t o loans to farmers.
44.
Copy of a l e t t e r from E. F . Rines t o Senator Robert
L . Owen on August 2 8 , 1914, suggesting an amendment
t o the section of the Aldrlch-Vreeland Act dealing w i t h
s e c u r i t y f o r c i r c u l a t i n g notes.
45.
L e t t e r from Charming Rudd on June 11, 1914, quoting
O.M.W. Sprague as saying t h a t l e g i s l a t i o n , r e l a t i n g
t o the u n i f i c a t i o n of c i r c u l a t i n g currency, i s pending,
i s answered n e g a t i v e l y by Mr. Glass.
46.;
L e t t e r of June 10, 1914, from A. F . Robson, asking t h a t
banks be permitted t o continue holding p o s t a l savings
funds.
47*
L e t t e r from Channing Rudd on June 13, 1914, asking
what the i n t e n t of the Federal Reserve Act was w i t h
respect t o the retirement of n a t i o n a l bank notes. Mr.
Glass answers t h a t banks can Increase t h e i r notes i n
c i r c u l a t i o n as long as they can f i n d government 2 ' s
t o secure the notes.
48.
P e t i t i o n of June 16, 1914, favoring the proposed r u r a l
c r e d i t law transmitted t o Mr. Glass by Representative
Stout.
49.
Correspondence, l a r g e l y w i t h George J . Seay and O l i v e r
J . Sands, r e l a t i n g t o the acceptance of Richmond,
V i r g i n i a , as the c i t e f o r a Federal Reserve Bank.
Box
(Page 6)
50 o
L e t t e r from C. W. York on June 17, 1914, announcing
a plan f o r a N a t i o n a l Land Bank and Insurance Company.
51.
J . ii. Tregoe of the N a t i o n a l Association of C r e d i t
Men on September 18, 1914, requested the opinion of
Mr. Glass on c e r t a i n amendments t o the Federal Reserve
Act. Other correspondence w i t h Mr. Tregoe.
52.
L e t t e r from Representative Oscar W. Underwood on
September 2 3 , 1914, I n behalf of a bank which was
said t o have too l i t t l e surplus, along w i t h a copy of
the l e t t e r c i t e d by Mr. Underwood.
53.
A l e t t e r from S. W. Velch, t o Mr. Underwood, concerning
loans on cotton crops.
54.
Memorandum prepared on August 13, 1954, f o r the Secretary
of the Treasury, by M. C. E l l i o t , concerning what might
be acceptable as s e c u r i t y f o r c i r c u l a t i n g notes under
the provisions of the Aldrich-Vreeland Act.
55.
Telegram from Representative Underwood on August 19,
1914, concerning membership f o r s t a t e banks and the
more l i b e r a l use of commercial paper as backing f o r
emergency currency.
56.
L e t t e r from Mr. Glass t o Joseph P. Tumulty on May 14,
1914, discussing the a t t i t u d e s of the President, Mr.
B u l k l e y , and a three-member committee.
57.
Paper containing the recommendations of the N a t i o n a l
Association of Credit Men, concerning rediscounting.
58.
Telegrams of A p r i l 9 , 1914, from John Skelton Williams
as comptroller of the Currency.
59-
Telegram of July 2 9 , 1914, from Paul M. Warburg.
60.
L e t t e r t o H. Parker W i l l i s from Mr. Glass on J u l y 9 ,
1914, requesting f u r t h e r information on a c t i v i t i e s of
the Monetary Commission.
61.
L e t t e r from Mr. Glass t o H. Parker W i l l i s on July 9 ,
1914, s t a t i n g I n confidence t h a t Mr. McAdoo i s consideri n g W i l l i s f o r the p o s i t i o n of secretary t o the Federal
Reserve Board. Mr. W i l l i s i s assured of a good Job
somewhere i n the system, possibly a t New York.
62.
L e t t e r of June 2 0 , 1914, t o Mr. Glass from Mr. W i l l i s
asking t h a t Mr. Glass give c e r t a i n information t o W i l l i s ,
on the basis of which he can take a c t i o n .
115
116
Box 42, {Page 3)
63.
Notes from John Skelton W i l l i a m s , Comptroller of the
Currency, i n May and .Tune, 1914.
64.
Statement by
stating that
Currency has
Maryland, i n
65.
Question concerning th<i l i a b i l i t y of stockholders of
s t a t e banks, which become members of the F e d e r a l
Reserve System.
John Skelton Williams on May 2 9 , 1914,
the o f f i c e of the comptroller of the
not dlscxlminated against B a l t i m o r e ,
the matter of l o c a t i n g a reserve bank.
Box 45
Photos o f W i l s o n and McAdoo l e t t e r s c o n c e r n i n g t h e
F e d e r a l Reserve
(1913)
A.
L e t t e r t o Mr. Glass f r o m Woodrow W i l s o n , e x p r e s s i n g
a p p r e c i a t i o n f o r h i s work on t h e F e d e r a l Reserve
Act.
B.
L e t t e r f r o m Mr. McAdoo t o Mr. G l a s s , g i v i n g Glass
c r e d i t f o r the pushing through of the Federal
Reserve A c t .
J. 18
Box 46A, Glass papers.
1.
L e t t e r of Edmund P i a t t t o Glass regarding c o l l a b o r a t i o n
by W i l l i s .
^
2.
L e t t e r of E. P i a t t t o Glass regarding the shares of
F e d e r a l Reserve t o be held by a bank t h a t i s no longer
a member bank.
3.
L e t t e r from Too McAdams t o Glass regarding the address
t o the Reserve C i t y Bankers Association.
4.
L e t t e r from T. McAdams t o Glass regarding earnings of
F e d e r a l Reserve Banks.
5.
L e t t e r from T . McAdams t o Glass regarding I n t e r e s t on
savings accounts.
6.
L e t t e r from T. McAdams t o Glass regarding the making of
N a t i o n a l Banks r e c e i v e r s i n the case of bankruptcy of
other banks.
7.
L e t t e r from Glass t o McAdams regarding earnings and
dividends of Reserve Banks.
8.
L e t t e r of McAdams t o Glass regarding earnings and dividends
of Reserve Banks, January, 1929.
t9.
L e t t e r of McAdams t o Glass regarding s t a t e
a n t a g o n i s t i c t o N a t i o n a l Banks.
10.
McAdams t o Glass regarding the a u t h o r i z a t i o n of s t a t e
banks and t r u s t companies t o act as d e p o s i t o r i e s f o r
F e d e r a l Reserve Banks.
11.
McAdams t o Glass regarding the weak p o s i t i o n of N a t i o n a l
Banks.
12.
McAdams t o Glass regarding the extension of the charters
of N a t i o n a l Banks.
13.
McAdams t o Glass regarding the t a x a t i o n of Banks.
14.
McAdams t o Glass and v i c e versa on the McFaddin A c t .
15.
Glass t o McAdenr r e g a r d i n g t h e p o s i t i o n o f F e d e r a l Reserve
agent.
16.
Glass t o McAdams regarding a t t i t u d e of President Harding
toward Federal Reserve system.
17.
Glass t o McAdams regarding appointment of chairman of
the Board.
legislation
119
Box 46A^ (c o n t i n u e d )
18o
McAdams t o 61*88 r e g a r d i n g members o f t h e Board o f
Governors, 1 January 1923•
19.
L e t t e r from Mr. Preshaker t o Senator Lenroot r e g a r d i n g
appointments t o t h e Board o f Governors.
20.
L e t t e r from McAdams t o Governor Harding r e g a r d i n g
par c o l l e c t i o n , e t c .
21.
L e t t e r from McAdams t o Glass r e g a r d i n g t h e t h r e e
b a s i c c o m p l a i n t s a g a i n s t Reserve Banks.
22.
Glass t o McAdams, r e f e r e n c e t o Senator Reed's campaign
and t h e i n j e c t i o n o f t h e F e d e r a l Reserve system i n t o
t h e e l e c t i o n campaign.
23.
McAdams t o Glass r e g a r d i n g plans t o r e s i s t t h e t a x
on F e d e r a l Reserve System.
24.
McAdams t o Glass r e g a r d i n g p e r p e t u a l c h a r t e r s f o r
N a t i o n a l Banks.
25.
McAdams t o G l a s s , 20 December 1921, r e g a r d i n g
reappointment o f H a r d i n g .
26.
McAdams t o G l a s s , 7 December 1920, r e g a r d i n g d i s c o u n t
r a t e charged by A t l a n t a .
27.
L e t t e r t o Glass from McAdams, 9 August 1920, r e g a r d i n g
r e g u l a t i o n o f i n t e r e s t r a t e s charged by banks.
120
Box 46B, Glass papers.
1.
Eugene Meyer t o Glass, 7 May 1932, regarding changes
I n Glass b i l l .
2.
Untemyer t o Glass, 31 May 1932, regarding a f f i l i a t e s
of banks.
3.
L e t t e r from P i a t t t o Glass, 18 March 1938, regarding
funds f o r W i l l i s memorial.
4.
L e t t e r from f l a t t t o Glass, 25 January 1938, regarding
the holding companies.
5.
P i a t t t o Glass, 4 February 1937, regarding administration
p o l i c y on gold and the Federal Reserve.
6.
Memorandum by P i a t t on the c o n f l i c t of laws regarding
holding companies.
7.
P i a t t t o Glass regarding new members on the Board of
Governors, 29 January 1936.
8.
P i a t t t o Glass regarding a r t i c l e i n the Herald T r i b m e ,
26 December 1935.
9*
P i a t t t o Glass, 2 January 1936.
j,
I
10.
I! ;
11.
P i a t t t o Glass, 3 February 1935, regarding open market,
P i a t t t o Glass regarding W i l l i s and others, 26 July 193V.
12.
P i a t t t o Glass, 16 A p r i l 1935, regarding gold standard,
13.
P i a t t t o Glass r e l a t i v e t o Herald Tribune a r t i c l e , 16
A p r i l 1935, r e l a t i v e t o the gold standard.
14.
P i a t t t o Glass r e l a t i v e t o Federal Reserve agent, 7
February 1935.
15.
P i a t t t o Glass r e l a t i v e to Echols, 22 March 1935.
16.
P i a t t t o Glass r e l a t i v e t o i n t e r e s t on time deposits,
3 January 1935.
17.
P i a t t t o Glass, 7 June 1934, r e l a t i v e to c l i p p i n g on the
Warren study of closed banks.
18.
P i a t t t o Glass regarding i n d u s t r i a l loans by Reserve
banks, 4 May 1934.
*tc.
sJL »£»
Box 46b,
(continued)
19.
F l a t t t o Glass regarding P i a t t l e t t e r i n Herald
Tribune, 30 A p r i l 1934, on c r e a t i n g c r e d i t .
20.
P i a t t t o Glass regarding i n d u s t r i a l loans, 30 March
1934.
21.
P i a t t t o Glass regarding confiscation of gold, 13
January 1934.
22.
p i a t t t o Glass regarding terms of board members.
23.
P i a t t t o Glass regarding branch banking.
24.
P i a t t t o Glass regarding branch banking, 3 January 1933.
25.
P i a t t t o Glass, 4 November 1932, regarding branch
banking.
26.
P i a t t t o Glass, 13 July 1932, regarding branch banking.
27.
P i a t t t o Glass, 18 February 1933, regarding branch
banking.
28.
S l a t t t o Glass, 24 January 1933* regarding branch
banking.
29.
P i a t t t o Glass regarding t r u s t companies, February, 1933.
30.
P i a t t t o Glass, Journal of Commerce, 23 January 1933.
31.
P i a t t t o Glass, 26 May 1932.
32.
B l a t t t o Glass, 9 A p r i l 1932.
33.
.Piatt t o Glass, 20 February 1932, regarding emergency
banking a c t .
122
Box 46B, Glass papers.
1.
L e t t e r of Mr. Untemyer t o Glass regarding bank a f f i l i a t e s
under the Glass b i l l .
2.
L e t t e r t o Eugene Myer regarding changes i n Glass b i l l .
3.
L e t t e r from P i a t t t o Glass regarding memorial f o r
W i l l i s , 18 March 1938, also regarding holding companies.
4.
P i a t t t o Glass, 8 October 1938.
5.
P i a t t t o Glass, 25 January 1938.
6.
P i a t t t o Glass, 4 February 1937.
7.
P i a t t t o Glass, 21 December 1936, regarding branch
banking.
8.
Address by P i a t t on branch banking.
9.
Manuscript by P i a t t on holding companies and the
Glass b i l l .
10.
P i a t t to Glass, 17 A p r i l 1938, regarding branch banking,
11.
P i a t t t o Glass, 29 January 1936, regarding new members
of the board.
12.jr P i a t t t o Glass, 2 January 1936, on several matters.
13.
P i a t t t o Glass, 3 July 1935, regarding the open market.
14.
P i a t t t o Glass, 22 March 1935, approval of Echols.
15.
P i a t t t o Glass, 16 A p r i l 1935, regarding the Act of 1935-
16.
P i a t t t o Glass, 17 February 1935, on same subject.
17.
P i a t t to Glass, 8 January 1935, regarding i n t e r e s t on
savings deposits.
18.
Piatt t o Glass, 9 June 1934, regarding Warren's study
of l i q u i d i t y of banks.
19.
P i a t t t o Glass, 39 March 1934, regarding c r e d i t .
20.
P i a t t t o Glass, 13 January 1934, on abandonment of gold.
21.
P i a t t t o Glass, 18 January 1934,
is:
Box 46C,
(continued)
22.
P i a t t t o Glass, 20 September 1930, regarding terms
of members of the board.
23.
14 March 1933, f i n a l form of Glass b i l l .
24.
P i a t t t o Glass, 3 January 1933» regarding branch
banking.
25.
P i a t t t o Glass, 4 November 1932, regarding branch
banking.
26.
P i a t t t o Glass, 13 July 1932, regarding the University
of V i r g i n i a and I n s t i t u t e of Public A f f a i r s .
27.
P i a t t t o Glass, 18 February 1933, regarding branch
banking and the Glfss b i l l .
28.
P i a t t t o Glass, 14 May 1932, regarding series i n
Commercial and Financial Chronicle, 4 November 1921.
29.
P i a t t to Glass, 9 A p r i l 1932, regarding branch banking.
124
Box 46P, Glass papers.
1.
Comments by Untemyer on the Currency B i l l .
2.
Speech by Glass, September 1920, on currency reform
and the Federal Reserve a c t .
3.
L e t t e r t o Glass from President Wilson regarding
personnel of the Committee on banking and currency.
4.
McAdoo to Glass, Warburg t o McAdoo, 2 August 1916.
5.
L e t t e r of Collidge t o Glass, 30 July 1935.
6.
Letter of T. J . Coolldge t o Glass regarding d i r e c t
loans t o the treasury.
7.
Letter of Joseph Kennedy regarding "Job" as Federal
Reserve agent, s February 1936.
125
Box 46E, Glass papers.
1.
L e t t e r t o Glass from John Randolph B o i l i n g r e l a t i v e
t o "atory" by Glass, 31 July 1926.
2.
Ray Stannard Baker t o Glass, 28 July 1926, regarding
manuscript sent t o Baker by Glass and Baker's comments.
3.
Sellgman t o Glass regarding Warburg.
4.
L e t t e r from Hamlin t o Glass, 4 September 1926, regarding
gold settlement fund.
5.
L e t t e r from Hamlin t o Glass, 31 August 1926, regarding
Glass a r t i c l e s .
6.
L e t t e r from Sands t o Glass regarding e l i g i b l e paper,
18 May 1932.
7.
L e t t e r from Sands t o Glass, 12 February 1932, regarding
accounts payable by banks.
8.
L e t t e r t o Glass from P h i l l i p s urging appointment of Sands
t o the Federal Reserve
j9.
L
Sands t o Glass regarding f o r e i g n bonds i n the assets
of banks, 15 December 1931.
10.
p 1
Sands t o Glass, 13 February 1932, regarding reserve bank
loans t o commercial banks.
11.
Atlee Bomersee t o Glass, 29 February 1932, regarding
Federal Reserve c r e d i t and a v a i l a b l e e l i g i b l e paper.
12.
L e t t e r of Glass t o Burleson regarding appointment of
Warburg t o Board of Governors, 16 A p r i l 1914.
13.
L e t t e r of
14.
E d i t o r i a l i n Lynchburg Advance (no d a t e ) regarding
i n t e r f e r e n c e w i t h f o r e i g n c r e d i t s by Federal
Reserve system.
15•
Memo regarding Cuban bonds and a Committee r e l a t i v e t h e r e t o .
16.
L e t t e r , 20 August 1 9 3 * j W i l l i s t o Glass regarding Warburg
and Federal Reserve a c t , and work t o be done by Bogen
and Beckhart f o r Glass.
17.
Robert S t e r l i n g Clark t o Grayson regarding
Dalger
t o Rixey Smith regarding Untemyer.
126
Box 5QB» ( c o n t i n u e d )
18.
19.
20.
Review of Glass 1 book by W.P.G. Harding.
A. D. S m i t h ' s f o u r a r t i c l e s i n New York Times on
t h e founders o f t h e F e d e r a l Reserve system.
W.P.G. Harding review of Glass 1 History of the
Federal Reserve i n New York Evening Post, 19 March
1929.
Box 47
Miscellaneous Papers and Correspondence, I 8 9 8 - I 9 I 8 .
General Statement The great m a j o r i t y of m a t e r i a l i n t h i s box i s
dated from about 1909-1913. I t consists almost e n t i r e l y
of two types of items. There are l i s t s of thousands of
names of people from various counties i n V i r g i n i a . I t i s
presumed t h a t these are the names of e l i g i b l e voters or
registered democrats i n a c e r t a i n d i s t r i c t of the s t a t e .
The second type item deals with banking l e g i s l a t i o n .
:Included are d r a f t s of proposed laws and a l i s t of
hquestions f o r witnesses appearing before the Committee on
Blinking and Currency as w e l l as other such m a t e r i a l .
d
Several other types of items appear i n f r e q u e n t l y .
A more d e t a i l e d l i s t of these follows.
Miscellaneous Correspondence, 1898-1918.
1.
L e t t e r from M. L. Muhleman of New York enclosing
t a b l e s (unpublished) which show the "unequal d i s t r i b u t i o n of banking f a c i l i t i e s . "
2.
Copy of an o u t l i n e and l i s t of standard q u e s t i o n s f o r
witnesses t e s t i f y i n g before the Banking and Currency
Committee i n the 1912-1913 session. Questions a t t e m p t
t o ger the witness* idea on current and proposed
legislation.
3.
Booklet e n t i t l e d "Guarantee on Insurance of Bank
Deposits," by Wslter F . McCaleb.
4.
Correspondence i n d i c a t i n g a controversy between Glacs
and the Treasury Department over proposed improvements
t o a post o f f i c e b u i l d i n g i n Lynchburg, V i r g i n i a .
( c a . 1908-1911)
5.
Correspondence (1909) from Richard B. Davis, Petersburg
lawyer e v i d e n t l y answering an i n q u i r y as t o the
s a l a r y Bishop James Cannon got as President of
Blackstone I n s t i t u t e .
6.
A small group of t a l k s e v i d e n t l y made by Glass b e f o r e
various r e l i g i o u s and church groups, ( c a . 1 0 )
7.
L e t t e r s between Glass and various labor leaders i n
which Glass emphasizes the f a c t t h a t he has never
voted against a b i l l t o help organized labor (1912)
and ( 1 9 0 2 ) .
8.
An undated, unsigned document i n handwriting (possibly
t h a t of Glass) e n t i t l e d , "An Act t o Create a Bank t o
be.Known as - ' T h e Bank of the United States of America.
A possible date f o r t h i s document might be obtained
by i t s reference t o 7163 n a t i o n a l banks i n the United
States.
9.
L e t t e r s regarding c e r t a i n Federal public buildings t o
be constructed a t Norton and Westpoint, V i r g i n i a , (193)
ca. 10.
10.
P a r t i t i o n from Radford V i r g i n i a c i t i z e n s asking passage
of a b i l l t o Improve New River waterpower.
129
Box 49 (Page 4)
11.
Correspondence from a Frank P. Brent of Lancaster, Va.
(1909) showing an attempt t o expose corruption i n the
V i r g i n i a Statfe Board of Education.
12.
Twelve folders i n which are found provisions of a
proposed law e n t i t l e d , "An Act t o Introduce i n t o the
banking and currency system of the United States
e l a s t i c i t y of c r e d i t and c i r c u l a t i o n through the
establishment of a Treasury Board and D i s t r i c t Associations."
(No date or author).
13*
L i s t a f t e r l i s t of peoples' names. Evidently these
l i s t s are the e l i g i b l e voters or registered democrats
i n various d i s t r i c t s or counties of V i r g i n i a .
Box 48
Correspondence (September to November, 1916)
A.
Miscellaneous correspondence
1.
L e t t e r from Andre'/ J . Frame on November 20, 1916,
concerning rediscounts and reserve requirements.
2.
Copy of the conr.;ltutlon of the United States of t h e
Earth.
3.
Copy of the Journal of the American Bankers
Association for October, 191b, i n c l u d i n g an a r t i c l e
on a speech by Paul M. Warburg on the Federal Reserve
System.
4.
Pamphlet, "Tvo Years of War," by S i r G i l b e r t Parker.
5.
Pamphlet, 'Vo Belgium."
6.
L e t t e r fr<a W. W. Flannagan of the Federal Farm Loan
Bureau.
7*
L e t t e r .'rem F . X. S t o l t z e , asking several questions
conferring exchange charges.
8.
Copy
9.
Letter t o Mr. Glass from the C h a r l o t t e s v i l l e , V i r g i n i a ,
Chamber of Commerce on October 4 , 1916, containing a
resolution p e r t a i n i n g to the purchasing of M o n t l c e l l o ,
Thomas J e f f e r s o n ' s home, by the Federal Government.
[
\
|
|i
» "The Farmers 1 Open Forum" f o r September, 1916.
10.
Booklet, "Preparedness Plus, M i l i t a r y and Naval
Preparedness Plus Self-Defense by Pan America and a
World-Wide League t o Prevent Aggression."
11.
A r t i c l e of September 25, 1916, from the New York
C i t y Times, r e p o r t i n g a r e p l y prepared by Mr. Glass
t o c r i t i c s of the Federal Reserve Act. The Republicans,
the A l d r i c h b i l l , the cost of the system, and the
payment of dividends, are discussed.
12.
Copy of a pamphlet, "What Public Men Say About the
League t o Enforce Peace," including statements by
Woodrow Wilson, E l l h u Root, Samuel Gompers, and
John Bates C l a r k , among others.
13*
Correspondence r e l a t i n g t o the Federal Farm Loan Act.
131
Box 46
14.
Copy of a l e t t e r from John Skelton Williams,
Comptroller of the Currency, t o William Q. McAdoo
on September 14, 1916, giving figures t o prove
t h a t , since the establishment of the Federal Reserve
System, bank f a i l u r e s decreased, r a t h e r than
increased, as was claimed by Congressman Sloan.
15.
L e t t e r from A. W. Dobie a- the University of V i r g i n i a ,
regarding plans f o r a speech on October 3 , 1916,
when Mr. Glass was t o speai: about the Federal Reserve
Act.
16.
L i s t of twenty-five points b? Charles N. Fowler i n
c r i t i c i s m of the Federal Reserve System, published on
September 16, 1916. Fowler challenges e i t h e r W.G.
McAdoo, Charles S. Hamlin, or barter Glass t o a public
debate on these points.
Box 48
Correspondence on b a n k i n g and c u r r e n c y ( J a n u a r y t o May, 1916)
A.
Miscellaneous
correspondence.
1.
Correspondence w i t h M r . G l a s s , c o n c e r n i n g h i s
r e l a t i n g t o branch banking.
2.
Correspondence r e l a t i n g t o r u r a l c r e d i t
3.
L e t t e r t o Mr. Glasa from J . T . Bowman, o p p o s i n g t h a t
p o r t i o n o f a b i l l , sponsored by M r . G l a s s , w h i c h
w o u l d p l a c e a f i n e on l o a n s made a t g r e a t e r t h a n a
c e r t a i n rate of i n t e r e s t .
Loans f o r s m a l l amounts
w o u l d become a l m o s t n o n - e x i s t e n t , i t i s s a i d .
4.
Note o f A p r i l 1 2 , 1916, f r o m John S k e l t o n W i l l i a m s ,
concerning t h e c o n d i t i o n o f n a t i o n a l banks.
5.
L e t t e r s t o Mr. Glass, concerning i n t e r l o c k i n g
orates .
6.
Copy o f a Commercial and F i n a n c i a l C h r o n i c l e a r t i c l e ,
o p p o s i n g proposed amendments t o t h e F e d e r a l Reserve
Act, p a r t i c u l a r l y provisions r e l a t i n g t o the issue
o f F e d e r a l Reserve n o t e s .
The a r t i c l e was s e n t t o
M r . Glass on March 2 9 , 1916, by t h e e d i t o r .
7.
L e t t e r o f F e b r u a r y 1 8 , 1916, f r o m F . A . Delano o f
t h e F e d e r a l Reserve B o a r d , s u g g e s t i n g a r e v i s i o n and
r e c o d i f i c a t i o n o f t h e N a t i o n a l Bank A c t .
8.
L e t t e r o f J a n u a r y 2 2 , 1916, f r o m M r . Glass t o
R e p r e s e n t a t i v e C. C. D i c k i n s o n , d e f e n d i n g t h e d e l e g a t i o n
o f F e d e r a l Reserve banks as f i s c a l a g e n t s f o r t h e
government and t h e a d o p t i o n o f r e s t r i c t i v e l e g i s l a t i o n
a g a i n s t t h o s e who charge e x c e s s i v e r a t e s o f I n t e r e s t
f o r l o a n s . Mr. D i c k i n s o n ' s l e t t e r I s . i n c l u d e d .
9.
L e t t e r f r o m M r . Glass on F e b r u a r y 2 9 , I 9 I 6 , t o W. H.
F r e e d , s t a t i n g h i s p o s i t i o n i n o p p o s i t i o n t o t h e use o f
l o n g - t e r m r e a l e s t a t e s e c u r i t y as c o l l a t e r a l f o r bank
loans.
L e t t e r f r o m M r . F r e e d , f a v o r i n g t h e change.
10.
L e t t e r f r o m M r . Glass t o John T . G a r r e t t on May 1 6 ,
1916, c o n c e r n i n g t h e g r a n t i n g o f l e g a l t e n d e r q u a l i t i e s
t o gold c e r t i f i c a t e s .
bill
legislation.
direct-
133
Box 49 (Page 4)
11.
Copy o f a b i l l , i n t r o d u c e d by Warren Gard and sent
t o Mr. Glass by R e p r e s e n t a t i v e Gard, s l i g h t l y
a l t e r i n g t h e laws r e l a t i n g t o monopolies.
12.
A r t i c l e concerning t h e P o s t a l Saving Bank.
13•
Suggestion from George S. G a r d i n e r , as t o paper
e l i g i b l e for rediscount.
14.
Telegrams r e l a t i n g t o t h e Land Mortgage Bank b i l l .
15.
L e t t e r o f May 8 , 1913* from Mr. Glass t o W.P.G.
H a r d i n g , c o n c e r n i n g a p l a n o f t h e F e d e r a l Reserve
Board on check c l e a r a n c e .
16.
Telegram from R e p r e s e n t a t i v e R. L . Henry, r e q u e s t i n g
a copy o f t h e r u r a l c r e d i t s b i l l .
Other correspondence
between Mr. Henry and Mr. G l a s s .
17.
L e t t e r from I t . R. R e v i l l t o R e p r e s e n t a t i v e A. B . Rouse
on February 16, 1916, opposing p e r m i t t i n g t h e
e s t a b l i s h m e n t o f branch banks i n c e r t a i n c i t i e s , because
o f t h e disadvantage t o s t a t e banks. Mr. Glass w r o t e
t o Charles S. Hamlin.
18.
L e t t e r from Mr. Glass t o R e p r e s e n t a t i v e Houston on
February 5# 1916, s t a t i n g t h a t t h e F e d e r a l Reserve
System should n o t be an emergency o r g a n i z a t i o n and
t h a t t h e number o f F e d e r a l Reserve banks should n o t
be decreased.
19*
Note from Walker H i l l on February 1 , 1916, s u g g e s t i n g
an amendment t o t h e C l a y t o n A c t , r e l a t i n g t o i n t e r l o c k i n g
directorates.
2041 L e t t e r o f A p r i l 2 2 , 1916, t o Mr. Glass from Representa t i v e C. A. L i n d b e r g h , accompanying a m i n o r i t y r e p o r t
on t h e r u r a l c r e d i t b i l l .
21.
Correspondence c o n c e r n i n g c r e d i t unions and t h e Land
Mortgage b i l l .
22.
L e t t e r o f March 8 , 1916, t o R e p r e s e n t a t i v e W i l l i a m
K e n t , opposing t h e g r a n t i n g o f t h e p r i v i l e g e t o member
banks t o o b t a i n loans d i r e c t l y a t F e d e r a l Reserve banks.
Mr. Kent forwarded a r e s o l u t i o n he had r e c e i v e d t o t h i s
effect.
23.
Note from t h e S e c r e t a r y o f t h e I n t e r i o r on February
4 , 1916, r e q u e s t i n g c o n s i d e r a t i o n f o r f a r m e r s , w o r k i n g
on r e c l a m a t i o n p r o j e c t s , under t h e pending r u r a l c r e d i t s
bill.
134
Box 49 (Page 4)
24.
R e p r i n t o f a May 13, 1915, a r t i c l e from t h e Passaic
D a l l y H e r a l d , g i v i n g R. D. Kent c r e d i t f o r the' c o n t e n t
of the Aldirch-Vreeland b i l l .
25.
Copy o f a paper by Robert D. K e n t , p r e s i d e n t o f t h e
Merchants Bank o f Passaic, New J e r s e y , s e t t i n g f o r t h
"A Plan o f a Cooperative System o f R u r a l C r e d i t s . "
26.
L i t e r a t u r e and correspondence, r e g a r d i n g r u r a l
and t h e F e d e r a l Farm Loan A c t .
27.
L e t t e r o f March 7 , 1916, t o ,Mr. Glass from W i l l i a m G.
McAdoo, S e c r e t a r y o f t h e T r e a s u r y , e n c l o s i n g a memorandum from H. Parker W i l l i s , S e c r e t a r y o f t h e F e d e r a l
Reserve Board, by Paul Warburg, c o n c e r n i n g e x t e n s i o n
o f American banking f a c i l i t i e s i n f o r e i g n c o u n t r i e s .
28.
Suggestion t h a t t h e l i m i t a t i o n o f loans by banks t o any
i n d i v i d u a l borrower t o a c e r t a i n percentage o f i t s
c a p i t a l be changed t o a lower percentage o f c a p i t a l
and s u r p l u s , i n view o f t h e l a r g e s u r p l u s funds
accumulated by many banks.
29.
Note o f March 7 , 1916, from t h e D i r e c t o r o f t h e M i n t ,
e n c l o s i n g a copy o f a b i l l and a l e t t e r from W i l l i a m G.
McAdoo, r e g a r d i n g t h e h o l d i n g o f more g o l d b u l l i o n ,
i n p r e f e r e n c e t o g o l d c o i n , as r e s e r v e a g a i n s t g o l d
certificates.
30.
L e t t e r from Mr. Glass t o Mr. McAdoo, e n c l o s i n g t h e l a t e s t
d r a f t o f t h e R u r a l C r e d i t s b i l l from t h e conference
committee.
31.
L e t t e r from R e p r e s e n t a t i v e D. T. Morgan, making plans t o
introduce a land c r e d i t b i l l .
32.
L e t t e r o f May 1 , 1916, from t h e p r e s i d e n t o f a N o r f o l k ,
V i r g i n i a , bank, f a v o r i n g t h e N o r r i s b i l l , c o n c e r n i n g
t h e guarantee o f bank d e p o s i t s under s t a t e l a w s .
33.
L e t t e r from Mr. Glass t o Robert L . Owen on May 4 , 1916,
c o n c e r n i n g two b i l l s , recommended by t h e S e c r e t a r y o f
t h e Treasury and t h e F e d e r a l Reserve Board and passed
by t h e House, which Mr. Glass f e l t should be a c c e p t a b l e
t o t h e Senate.
34.
L e t t e r from Mr. Glass t o Jacob S i e b e r t , J r . , on March
30, 1916, c o n c e r n i n g amendments t o t h e F e d e r a l Reserve
A c t , w i t h p a r t i c u l a r reference t o the question of Federal
Reserve notes as r e s e r v e s .
credits
135
Box 49 (Page 4)
35.
L e t t e r s r e g a r d i n g investments by n a t i o n a l banks i n
t h e s t o c k o f banks engaging, i n f o r e i g n trade«
36.
L e t t e r from Mr. Glass t o Thomas Conway, U n i v e r s i t y o f
Pennsylvania, s t a t i n g i n a b i l i t y t o supply a requested
document•
37.
Correspondence by telegram between Mr. Glass, and
s e v e r a l committee members, c o n c e r n i n g c o n s i d e r a t i o n
of the Rural Credits b i l l .
38.
L e t t e r s r e l a t i n g t o bank c l e a r a n c e s and t h e d e s i r a b i l i t y
o f membership i n t h e F e d e r a l Reserve System.
39.
L e t t e r t o R e p r e s e n t a t i v e Jewett Shouse from Mr. Class
on February 5* 1916, concerning t h e p o s i t i o n o f Pual
Warburg on acceptances. C l i p p i n g enclosed.
40.
L e t t e r s from J . H. Tregoe o f t h e N a t i o n a l A s s o c i a t i o n
o f C r e d i t Men, and o t h e r s , c o n c e r n i n g t h e p o s s i b l e
r e p e a l o f t h e N a t i o n a l Bankruptcy Law.
41.
F u r t h e r correspondence on r u r a l
42.
Suggestediamendment t o t h e F e d e r a l Reserve Act from
Andrew J . Frame, r e l a t i n g t o s t a t e banks becoming
members o f t h e F e d e r a l Reserve System.
43.
Note o f March 12, 1916, from Festus J . Wade.
44.
L i s t o f i m p o r t a n t p o i n t s about banking p r a c t i c e and
p o l i c y , which Festus J . Wade wanted Charles S. Hamlin,
o f t h e F e d e r a l Reserve Board t o keep i n mind.
45.
Note from John S k e l t o n W i l l i a m s , C o m p t r o l l e r o f t h e
C u r r e n c y , t o Mr. G l a s s , proposing t h a t no banks, o t h e r
t h e n F e d e r a l Reserve Banks, be p e r m i t t e d t o have t h e
word " F e d e r a l " as a p a r t o f t h e i r t i t l e s .
46.
Requests f o r c e r t a i n documents from H. Parker W i l l i s
f o r t h e F e d e r a l Reserve Board.
47.
Copy o f a b r i e f t a l k by Mr. G l a s s , showing t h e e f f e c t
on t h e banking system o f loans t o f a r m e r s i n r e l a t i o n
t o commercial l o a n s •
48.
Batch o f t e l e g r a m s , r e l a t i n g l a r g e l y t o amendments t o
the Clayton A c t , p a r t i c u l a r l y i n regard t o i n t e r l o c k i n g
directorates.
credits.
136
1.
copy o f a r t i c l e i n t h e Chicago T r i b u n e , 4 June
19159 r e g a r d i n g 3/ifluence o f Forgan and Reynolds on
t h e F e d e r a l Reserve Bank o f Chicago.
2*
Anonymous
3.
L e t t e r o f John S k e l t o n W i l l i a m s * r e g a r d i n g emergency
currency^ 20 December 1914.
4.
8 September 1914, l e t t e r t o P r e s i d e n t W i l s o n by Mr.
WarbiVg, i d e a s r e g a r d i n g r e s e r v e o f banks, f i c t i t i o u s
reserves.
5*
F e i e r a l Reserve n o t e s as l e g a l r e s e r v e s o f member banks.
6,
^ l a s s t o F o r b e s , 5 December 1914, r e g a r d i n g acceptance
powers f o r banks i n g e n e r a l .
7«
L e t t e r o f D. W. Adams t o G l a s s , 6 December 1914,
r e g a r d i n g c r e d i t extended by F e d e r a l Reserve banks.
8.
B . C* Forbes t o Glass r e g a r d i n g commercial p a p e r ,
December 1914.
9.
R u r a l c r e d i t s b i l l , b e g i n n i n g o f a g i t a t i o n f o r a system
of r u r a l c r e d i t .
I.*
I' :
;i 10.
i| ;
j ll.i
;
1
John S. B r i t t a n t o Glass r e g a r d i n g c o l l e c t i o n charges
on c h e c k s , 5 / 5 / 1 5 .
.George B a y l e y t o Glass r e g a r d i n g f a r m c r e d i t s f o r
d a i r y i n g , 25 January 1915-
i t l ^ i ' 1 G. H.i Bosworth t o Glass r e g a r d i n g par c o l l e c t i o n ,
June 1915.
30
13.
Glass t o G r i n e l s , 7 January 18, r e g a r d i n g f u n c t i o n o f
Reserve Banks.
14.
A. v . Green t o Glass r e g a r d i n g Ogden Armour and t h e
C o n t i n e n t a l and Commercial N a t i o n a l Bank, 6 January 1915.
15•
L e t t e r t o Glass from Chicago r e g a r d i n g Forgan and t h e
Reserve banks.
16.
Glass t o H u l b e r t , 27 December 1915 > r e g a r d i n g F e d e r a l
Reserve n o t e s as bank r e s e r v e s .
Comment: There a r e a number o f l e t t e r s i n t h i s box
r e g a r d i n g t h e F e d e r a l Farm Loan system b u t none a r e
important.
137
Box 50Bj» Glass papers,
1.
J . S. Jones t o G l a s s , November, 1915, a good l e t t e r
r e g a r d i n g s t a t e guarantee o f bank d e p o s i t s and t h e
need f o r F e d e r a l law*
2.
Jackson Johnson o f S t . L o u i s , May 1 , 1916, r e g a r d i n g
exchange charges on t h e customer check.
3.
S. R» H e l l e r t o Glass r e g a r d i n g t h e l o a n v a l u e o f
warehouse c e r t i f i c a t e s .
4.
L e t t e r from Glass t o Henry P* J a y , J a n u a r y , 1915*
a reprimand.
5.
Henry B. Jay t o Delano, 7 January 1915* r e g a r d i n g
a l l e g e d i n t e r v i e w o f Glass and o t h e r s i n Chicago ^Eribune.
6.
W i l l i a m I n g l e , 6 January 15* t o Glass r e g a r d i n g r u r a l
credit legislation.
7.
Hamlin t o G l a s s , 23 December 1914, r e g a r d i n g F e d e r a l
Reserve notes as l e g a l t e n d e r .
8.
Henry B . Jay r e g a r d i n g Forgan and t h e F e d e r a l Reserve
Bank o f Chicago - Forgan 1 s e l e c t i o n i l l e g a l a c c o r d i n g
t o Jay and board members.
9.
A. B* Hepburn t o G l a s s , 15 September 1914.
10.
L . E. L y f o r d a r t i c l e s i n New York Times, 2 January 1916,
r e g a r d i n g t h e slowness o f s t a t e banks t o j o i n t h e
F e d e r a l Reserve system.
11.
Glass t o L y f o r d r e g a r d i n g membership o f s t a t e banks i n
t h e system.
12.
L y f o r d t o G l a s s , 1 January 1916, r e g a r d i n g F e d e r a l
Reserve a c t and s t a t e banks.
13.
Glass t o L y f o r d , 23 December 1915* r e g a r d i n g e x c e s s i v e
reports.
14.
L y f o r d t o G l a s s , 14 December 1915* r e g a r d i n g m o d i f i c a t i o n
o f t h e F e d e r a l Reserve a c t i n c e r t a i n r e s p e c t s i f t h e
system i s t o succeed.
15•
S. C. banks p e t i t i o n a r u r a l c r e d i t
system.
138
Box 5QB» ( c o n t i n u e d )
16.
James G. McConkey9 economist, S t , L o u i s Reserve Bank,
r e g a r d i n g par c o l l e c t i o n s .
17.
John M a r s h a l l , 11 February 1915, r e g a r d i n g cheaper
c r e d i t f o r farmers.
18.
Use o f t r a d e acceptances t o be a u t h o r i s e d , 21 December
1915.
19.
L e t t e r from Benjamin S t r o n g t o Glass, 30 September 1915,
r e g a r d i n g r e g i o n a l meetings o f o f f i c e r s o f Reserve banks
t o i r o n out o p e r a t i n g problems.
139
Box 50C, Glass p a p e r s .
1.
Warburg t o G l a s s , 22 June 1915.
2.
W i l l i s t o G l a s s , 28 June 1915.
3.
W. W. Wheeler t o Glass and a response o f Glass
r e g a r d i n g t h e exchange charges on c o l l e c t i o n o f
c h e c k s , 16 May 1915.
4.
Wheeler t o G l a s s , 14 June 1915.
5.
Warburg t o G l a s s , 8 October 1914, r e g a r d i n g S t .
L o u i s Kansas C i t y and Richmond A t l a n t a Reserve
Banks.
140
Box 5 1
T h i s box c o n t a i n s correspondence between
Glass and h i s c o n s t i t u e n t s who l i v e i n Lynchburg
and Campbell c o u n t i e s .
M a t t e r s covered i n t h e
correspondence a r e c h i e f l y l o c a l and p e r s o n a l
a f f a i r s o r a r e r e q u e s t s f o r seeds and b u l l e t i n s .
For t h e most p a r t t h e m a t e r i a l i s o f
general i n t e r e s t .
Dated 1912 - 1913«
little
141
Box 52
T h i s box c o n t a i n s correspondence between
Glass and h i s c o n s t i t u e n t s who r e s i d e i n B e d f o r d
County.
For t h e most p a r t t h e m a t e r i a l
is
t a k e n up w i t h c o n t r o v e r s i e s over t h e appointment
o f l o c a l postmasters and changing o f
routes.
The m a t e r i a l i s o f l i t t l e
importance.
rural
general
bp*
a
Correspondences Appointments and r e q u e s t s
a d v i c e and a s s i s t a n c e , 1913.
for
Ca. 500 l e t t e r s from c o n s t i t u e n t s
a s k i n g G l a s s 1 s u p p o r t i n o b t a i n i n g patronage
p o s i t i o n s , support f o r various
legislation
i n w h i c h t h e y a r e i n t e r e s t e d , and r e q u e s t s
f o r government
publications.
3
Correspondence between Glass and c o n s t i t u e n t s
l i v i n g i n Montgomery ( 1 9 1 3 ) .
The m a t t e r s
dis-
cussed a r e f o r t h e most p a r t e i t h e r p e r s o n a l or
a f f e c t i n g o n l y a v e r y few people and c o n s e q u e n t l y
are of very l i t t l e general s i g n i f i c a n c e .
Such
t h i n g s as p o s t m a s t e r s h i p s , r e q u e s t s f o r seeds
and farm b u l l e t i n s t a k e up most o f t h e m a t e r i a l .
1913 Correspondence.
T h i s box c o n t a i n s correspondence between
Glass and h i s c o n s t i t u e n t s who l i v e i n Lynchburg
and Campbell County o f t h e 6 t h C o n g r e s s i o n a l
District.
The m a t t e r s d i s c u s s e d a r e f o r
the
most p a r t e i t h e r p e r s o n a l or a f f e c t i n g o n l y a
v e r y few p e o p l e , and c o n s e q u e n t l y a r e o f v e r y
l i t t l e general
significance.
Box 56
T h i s box c o n t a i n s correspondence between
Glass and h i s c o n s t i t u e n t s i n F l o y d County
(1913-1915)*
The correspondence d e a l s
either
w i t h p e r s o n a l a f f a i r s or problems o f a s t r i c t l y
l o c a l nature.
Most o f t h e m a t e r i a l d e a l s w i t h
d i s c u s s i o n and c o n t r o v e r s y over appointment
o f p o s t m a s t e r s o r changing o f r u r a l r o u t e s .
There a r e a l s o many r e q u e s t s f o r seeds, g o v e r n ment b u l l e t i n s ,
etc.
l2*J51
T h i s box c o n t a i n s correspondence f r o m
Glass 9 c o n s t i t u e n t s i n t h e Lynchburg and Campbell
part of the 6th D i s t r i c t *
The m a t t e r s d i s c u s s e d
are mostly e i t h e r o f a personal nature or d e a l i n g
w i t h s t r i c t l y l o c a l problems.
Such t h i n g s as
f i l l i n g l o c a l p o s t m a s t e r s h i p s , changing r u r a l
r o u t e s , r e q u e s t s f o r government b u l l e t i n s ,
and Jobs a r e t a k e n up.
seeds
A l s o correspondence w i t h
t h e b u s i n e s s manager o f t h e Lynchburg News
r e g a r d i n g t h e e r e c t i o n o f a new b u i l d i n g .
(Correspondence d a t e d 1913).
Box 58
Correspondence from c o n s t i t u e n t s
B e d f o r d County, (1913)®
in
The correspondence
d e a l s almost e n t i r e l y w i t h appointments
government j o b s , e s p e c i a l l y
to
postmasterships.
Other .problems o f a s t r i c t l y l o c a l and p e r s o n a l
nature are taken up.
Box
T h i s box c o n t a i n s correspondence from
G l a s s ' c o n s t i t u e n t s i n Roanoke C i t y and County
{1913-1914).
The m a t e r i a l d e a l s m o s t l y w i t h
l o c a l and p e r s o n a l p r o b l e m s , e s p e c i a l l y w i t h
r e q u e s t s f o r seeds and l i t e r a t u r e and c o n t r o v e r s i e s over p o s t m a s t e r s h l p s .
has l i t t l e i n t e r e s t o u t s i d e o f t h e
The m a t e r i a l
locality.
Box 60
Correspondence from constituents i n
Montgomery County (1913-1914) i n which they
discuss postmastershlps and r u r a l routes,
request government b u l l e t i n s , seeds, jobs,
pensions, e t c . or take up some other matter
of a s t r i c t l y l o c a l or personal nature.
Box 61
This box contains correspondence from
Glass* constituents i n Lynchburg and Campbell
County.
For the most part the subjects d e a l t
w i t h are e i t h e r personal or of a l o c a l nature.
Letters from Glass* sons, the business manager
of his paper, and others concerning the a f f a i r s
of the newspaper are Included.
Requests f o r
government publications, jobs, seeds, e t c . are
also here.
(1913).
IS I
Box 62
Correspondence from Glass 1 constituents
i n Lynchburg and Campbell County i n which they
seek government Jobs, l i t e r a t u r e , e t c . or take
up the matters of a personal or l o c a l nature.
Letters from Glass* sons and his newspaper
business manager are also Included.
(1913-1914).
4\*J ?
/S2
Box 63A, Olass papers.
1.
J. W. Alexander, 13 June 1916, regarding branch
banking i n N.C.
2.
Letters from various persons regarding branch banking.
3.
F i r s t National Bank of Brooklyn t o Olass regarding
amendments t o the Federal Reserve a c t , 19 July 1916.
4.
Continental Insurance Company objections t o bank's
w r i t i n g of f i r e insurance, 20 July 1916.
5.
Commercial National Bank of B e e v l l i e , Texas, on par
collections.
6.
Olass t o Bayley regarding McFaddin Act - not l i k e l y t o
pass since i t s t r i k e s a t a fundamental provision of
the Federal Reserve a c t , 28 June 1916.
7.
Monmouth Co. Bankers Association, New Jersey, against
branch banking, 13 June 1916.
8.
Old Town National Bank of Baltimore regarding bankers,
19 June 1916.
9.
Westport Avenue Bank of Borland regarding branch
banking.
10.
F i r s t National Bank of Bradford, 7 June 16, t o Olass
regarding location of reserve balances.
11.
F i r s t National Bank of Bound Brook, New Jersey, t o
Olass regarding location of reserve balances.
12.
Glass t o Selbert of C. and F.C. regarding d i f f e r e n c e
with Warburg, 2 August 1916.
13-
John Cudahy t o Olass regarding r u r a l c r e d i;t s , 20 July
1916.
14.
Hamlin to Glass for amendments t o the Federal Reserve
a c t , 18 July 1916.
15.
William T. Creasy t o Glass urging employment of C.B
Kegly t o the Board of the Federal Farm Loan system.
16.
F i f t h and t h i r d National Bank of Cincinnati regarding
float.
Box 63A, (p a ge 2)
17.
Glass to Cucullu regarding McPaddin B i l l , 27 June 1916
18.
Camden Deposit and Trust Company t o Glass regarding
branch banking.
19.
Allen Cucullu on McPaddin B i l l .
20.
Hinsch, F i f t h and Third National Bank of Cincinnati,
r e l a t i v e t o balance due from other banks as reserve.
21.
West Englewood Ashland State Bank of Chicago
regarding branch banking.
22.
Glass t o Hinsch regarding McFaddin b i l l and the
positions of American Bankers Association, 9 June 1916
23.
Letter of Xlnsch, Chairman of Federal Legislation
Committee of American Bankers Association, with i t s
plan for decentralization of reserves.
24.
Washington Park National Bank of Chicago to Glass
regarding branch banking.
25.
Letters of many Chicago banks t o Glass regarding
McFaddin b i l l .
26.
J . H. Noel to Glass regarding branch banking, 17 A p r i l
1916. A good statement of Chicago conditions.
27.
Cook Co. bankers t o Glass regarding branch banking.
28.
Delano to Glass regarding the counting of Federal
Reserve notes as reserve of member banks.
29.
A. L. M i l l s t o Glass regarding Federal reserve notes
as part of required reserves.
30.2 West Side State Bank of Denver to Glass regarding
branches.
31.
Delano to Glass regarding amendment of the Federal
Reserve a c t .
32.
Glass to Elston, 26 June 1916, regarding concentration
of reserves of National Banks i n Federal Reserve banks
Box 63a,
(p a ge 3)
33.
Elston t o Glass regarding branches f o r National banks.
34.
Old National Bank of Grand Rapids, 23 May 1916, and
other banks t o Glass regarding permission t o keep
part of t h e i r reserves w i t h correspondent banks.
35.
Hamlin t o Glass regarding par clearance, 3 August
36.
Hulbert l e t t e r t o Delano on Federal Reserve notes as
reserves of banks.
37.
Haalin t o Glass regarding amendment t o Federal Reserve
a c t , 29 June 1916.
38.
Hamlin t o Glass, 29 June 1916, regarding Federal
Reserve notes as reserves.
39*
Glass t o Haalln, 8 July 1916, regarding Owen and
amendments desired by the board.
40.
A B. Hepburn t o Glass regarding d i r e c t o r s of the New
York Reserve Bank who l i v e i n New Jersey.
41.
McAdoo t o Glass regarding par clearance, 14 July 1916.
42.
Glass t o M i l l e r regarding tax on Federal Reserve notes.
43.
Glass t o Royal J . M i l l e r , and M i l l e r t o Glass, regarding
i n t e r e s t on Federal Reserve notes, 23 May 1916.
44.
North Carolina Bankers Association r e s o l u t i o n regarding
par clearance.
45.
Glass t o Senator Smoot regarding amendments t o Federal
Reserve Act.
46.
Michigan State Library t o Glass about m a t e r i a l s .
47.
I r v i n g Shuman t o Glass regarding branches abroad.
48.
0. J . Sands and memo of George Bryan on taxation of
bank shares.
49.
Glass t o Sands regarding McFadden b i l l , 30 May 1916.
50.
George Bryan t o Sands on taxation of bank shares.
1916.
}
rye%S2LC^se
4)
51.
d i s s s t o Smoot r e g a r d i n g amendments t o t h e F e d e r a l
Reserve A c t * 25 J u l y 1916*
52«
¥ e r d e r y f M» J* r e g a r d i n g Glass 8 speech on MoLemore
resolution®
53*
Marburg t o Glass r e g a r d i n g Farm Loan System bonds ,
10 May 1916.
54*
Marburg t o Glass r e g a r d i n g F e d e r a l Reserve notes as
bank r e s e r v e s •
55*
Marburg t o Glass r e g a r d i n g amendments t o t h e F e d e r a l
Reserve A c t , 8 J u l y 1916*
56*
C o m p t r o l l e r t o Glass r e g a r d i n g N a t i o n a l Banking Act
and system 0 and amendments * 15 J u l y 1916*
57*
C o m p t r o l l e r t o Glass r e g a r d i n g N a t i o n a l Banks*
8 June 19160
580
O p i n i o n o f t h e C o m p t r o l l e r t o Glass r e g a r d i n g proposed
amendments* 13 June 1916.
j
59«
Reynolds t o W i l l i s regarding changes i n F e d e r a l Reserve
A c t , 3 February 1916,
60.
Robert Bridges, Commissioner of p o r t of S e a t t l e ,
regarding r a t e s on wheat loans, 16 February 1916„
3&T
j-Slo
Box 48
Correspondence on banking and currency (miscellaneous dates)
A. Branch banking.
1.
L e t t e r s from bankers during 1937 opposing the
establishment of branch banks, p a r t i c u l a r l y across
s t a t e l i n e s . The question of possession of bank stocks
by holding companies was considered, along w i t h branch
banking problems.
2.
Copy of a b i l l concerning payment of i n t e r e s t on demand
deposits by member banks, accompanied by a r e p o r t
s t a t i n g the disfavor of the Federal Deposit Insurance
Company w i t h the b i l l .
3.
Report of June 11, 1937, from the Treasury Department,
r e l a t i n g t o receiverships among banking organizations.
4.
Copies of several b i l l s designating l e g a l tender.
5.
Copy of a r e p o r t from the American Bankers Association,
regarding banks, bank surplus and reserves, holding
companies, e t c .
B. Samuel Untermyer
1.
L e t t e r of February 13, 1912, from Mr. Glass t o Samuel
Untermyer, c l a r i f y i n g statements made by him about
Mr * Untermyer.
2.
Correspondence w i t h A. P. Pujo, chairman of the House
Banking and Currency Committee, concerning the
a c t i v i t i e s of Mr. Untermyer.
3.
Copies of a l e t t e r from Colonel E. M. House t o President
Wilson, attempting t o arrange a secret meeting between
the President and Mr. Untermyer.
4.
L e t t e r from Mr. Glass t o H.i Parker W i l l i s on November
8 , 1913, r e l a t i n g t o the testimony given by Mr. W i l l i s
before the Senate Banking and Currency Committee and
enclosing p a r t of a r e p l y by Mr. Glass t o Senator
Reed which had yet t o be published.
5.
Copy of a r e p o r t showing the connection of Samuel
Untermyer w i t h a Supreme Court case i n which he appeared
as p l a i n t i f f .
[,
]I i14[!
Box 64, (Page 5)
<l6fr
i-6!
6.
Copies of newspaper a r t i c l e s , w r i t t e n i n 1913 and
1914, r e f l e c t i n g unfavorably upon Samuel Untermyer c
7.
Correspondence and newspaper a r t i c l e r e l a t i n g t o the
defense made by Samuel Untermyer against attacks made
upon him by Mr. Olass i n a series of magazine a r t i c l e s .
8.
L e t t e r s from A* Barton Hepburn and George M. Reynolds
during June, 1913, c r i t i c i z i n g an a l t e r n a t i v e plan t o
t h a t proposed by the House Subcommittee on Banking
and Currency.
9.
Copy of a l e t t e r from Mr. Glass t o Woodrow Wilson on
June 7 , 1913j enclosing statements by A. B. Hepburn
and E. C. Hulbert.
10.
L e t t e r s of March, 1912, between Mr. Glass and W i l l i a m
A. Glasgow, i n which Mr. Glasgow declines an o f f e r t o
become counsel f o r the Money Trust I n v e s t i g a t i o n .
11.
L e t t e r of June 7* 1913s from Mr. Glass t o A* Barton
Hepburn, s t a t i n g t h a t "the c h i e f point of danger now
seems t o be the apparent i n t r a c t a b i l i t y of our f r i e n d
Senator Owen.11
12.
Copy of a l e t t e r of June 24, 1924, from Mr. Glass t o
Arthur W. Page, concerning statements made by Samuel
Untermyer and Robert Owen about t h e i r connection w i t h
the Federal Reserve Act.
13•
Correspondence w i t h Bradford M e r r i l l concerning statements
made by Samuel Untermyer and by Mr. Glass about Mr.
Untermyer.
14.
Correspondence w i t h C. R. B e r r i e n i n 1927, about the
testimony of Samuel Untermyer before the Senate Banking
and Currency Committee.
15•
L e t t e r from A l v l n Untermyer, r e l a y i n g a message from
Samuel Untermyer i n connection w i t h unfavorable comments
by Mr. Glass, and defending Samuel against his c r i t i c s .
16.
Newspaper a r t i c l e of January 29, 1927, r e p r i n t i n g the
r e p l i e s of Mr. Untermyer and Mr. Glass t o statements
about each o t h e r .
C. Charles S. Hamlin
1 . C o n f i d e n t i a l l e t t e r of May 30, 1926, from Charles S.
Hamlin t o Mr. Glass, asking t h a t Mr. Glass do what he
could t o prevent h i s replacement on the Board of
It6X
)St
Box 64, (Page 5)
Governors by a Republican, since no Democrats would
then be on the board.
2.
L e t t e r of July 3 , 1926, from Charles Hamlin t o Mr.
Glass, g i v i n g personal data about himself and h i s
connection w i t h John Skelton Williams f o r use i n a
possible Senate debate, i f necessary.
3.
Abstract of one of the chapters of Paul Warburg's
book sent t o Mr. Glass by Charles Hamlin.
4.
L e t t e r of A p r i l 19, 1930, from Charles Hamlin t o
Mr. Glass, r e t u r n i n g a d r a f t of a b i l l t o amend the
N a t i o n a l Bank Act w i t h favorable comment.
5.
Correspondence during June, 1932, concerning reduction
i n wages f o r Federal Reserve Board members and employees.
6.
A r t i c l e by Charles Hamlin dated September 28, 1928,
r e f u t i n g the charge t h a t several p o l i c i e s adopted by
the Federal Reserve System dheapened c r e d i t , thus
encouraging speculation. Hamlin traced the cause of
the d i f f i c u l t i e s t o other sources.
7.
Discussion by Charles S. Hamlin on February 10, 1932,
of events during the depression p e r i o d , I n c l u d i n g
recommendations f o r increasing the powers of the Federal
Reserve Board over unwise banking p r a c t i c e s .
8.
Abstract prepared by Charles Hamlin i n 1930, c i t i n g
references t o Mr. Glass and t o H. Parker W i l l i s , made
by Paul Warburg i n h i s book.
9.
Statements by Charles Hamlin i n favor of the reappointment t o the Federal Reserve Board of Wayland W. Magee.
10.
Copies of several b i l l s introduced i n the Senate on
January 10, 1933, intended t o meet an emergency
situation i n agriculture.
11.
Note f r o n Charles Hamlin t o Mr. Glass dated January 24,
1933* suggesting t h a t any i n f l a t i o n a r y measures
accepted by Congress could be combated by granting
the power t o increase reserve requirements t o the
Federal Reserve Board.
jcGST
Box 64, (Page 5)
12.
Note of May 2 4 , 1932, from Charles Hamlin t o Mr. Glass
accompanying an index of the Glass b i l l , prepared by
Mr. Hamlin.
13.
Congratulatory note from Charles S. Hamlin t o Mr.
Glass, concerning the work done by Mr. Glass i n g e t t t i n g
the McFadden b i l l accepted.
14.
Memorandum prepared f o r Charles Hamlin and submitted
t o Mr. Glass, showing the e f f e c t of reserve r e q u i r e ments on n a t i o n a l banks a t the time of the t r a n s f e r
of reserve funds t o the new banks i n 1914.
15*
Explanation by Mr. Hamlin t o Mr. Glass on August 20,
1924 > as t o why the discount r a t e s were r a i s e d i n 1920.
16.
Personal l e t t e r from Mr. Glass t o Charles Hamlin on
September 20, 1926, concerning the book which Mr.
Glass was preparing and c i t i n g the sole point a t which
i t was considered t h a t Paul Warburg had made a c o n t r i bution t o the Federal Reserve Act.
IT.
An I n d e x - d i g e s t , prepared by Charles Hamlin on
February 1 , 1930, of the report on the Federal Reserve
System, prepared by the Banking and Currency Committee
of the United States Chamber of Commerce.
18.
Copy of a pamphlet, "Stock Trading," sent t o Mr. Glass
by Charles Hamlin.
19'
Personal l e t t e r from Mr. Glass t o Charles Hamlin on
September 7 , 1928, i n which Mr. Glass agrees t o discuss
proposed amendments t o the Federal Reserve Act w i t h Mr.
Hamlin and Governor Young.
20.
L e t t e r from Charles Hamlin t o Mr. Glass, p r a i s i n g O.M.
W. Sprague.
21.
L e t t e r of A p r i l 1 , 1927* t o Mr. Glass from Charles S.
Hamlin, drawing a connecting l i n k between the admission
of s t a t e banks t o the Federal Reserve System and the
McFadden b i l l .
22.
L e t t e r from Charles Hamlin on July 29, 1927, informing
Mr. Glass as t o the progress made on the d r a f t i n g of
new regulations on such subjects as membership
conditions f o r s t a t e banks.
Box 64, (Page 5)
23.
L e t t e r of January 23, 1926, from Mr. Glass t o Charles
Hamlin, t e l l i n g of his part i n the appointments of
Mohlenpah and P i a t t t o the Federal Reserve Board.
24.
Statement by Charles Hamlin on A p r i l 23, 1926,
r e l a t i n g t o the McFadden b i l l .
. The Federal Reserve Board
1.
Copy of a report t o Congress on January 1 , 1941, from
the Federal Reserve System, giving suggestions aimed
a t solving the problems presented by an abundance of
excess reserves.
2.
Copy of a b i l l , introduced i n the Senate on February
2 5 , 1941, which would have made reserve requirements
more severe.
3*
L e t t e r of September 12, 1940, from Mr. Glass t o a
publishing company, thanking them f o r sending him a
copy of Arthur D. Howden Smith's book, "Mr. House of
Texas," and o f f e r i n g a c r i t i c a l analysis of t h a t part
of the work dealing w i t h the Federal Reserve Act.
4.
Statement by the Board of Governors on A p r i l 8 , 1939,
s e t t i n g f o r t h various proposals f o r the attainment of
economic s t a b i l i t y and requesting t h a t Congress c l a r i f y
the part t o be played by monetary and c r e d i t policy i n
the attainment of the desired goals.
5.
L e t t e r from the president of a Missouri bank, concerning
I n t e r e s t expense and the establishment of a true system
of par clearance.
6.
L i s t s of suggestions t o the President f o r appointment
t o f i l l a vacancy on the Federal Reserve Board.
7-
Copy of a l e t t e r from J . M. Nichols, president of the
F i r s t National Bank of Englewood, w r i t t e n t o Marriner
S. Eccles on July 15, 193°* expressing strong opposition
t o the p o l i t i c a l implications of an increase i n reserve
requirements.
8.
Statement by the Board of Governors on March 17, 1936,
upholding the prohibition against i n t e r l o c k i n g d i r e c t o r a t e s , despite complaint of unfairness by an Ohio banker.
9.
Correspondence regarding the p o s s i b i l i t y of an appointment t o the Federal Reserve Board for General J . C.
Persons.
Box 64, (Page 5)
10.
Statement of January 30, 1936, by the Federal Reserve
Board t o the e f f e c t t h a t business concerns may not
place savings on deposit with member banks.
11.
Statements from the New York Credit Men's Association
l a t e i n 1935, I n behalf of William H. Pouch as a member
of the Federal Reserve Board.
12.
Correspondence of December, 1935, concerning the use of
influence by Marriner Eccles i n behalf of several
Philadelphia bankers, including a l i s t of statements
made a t various times by J . David Stern, newly appointed
class C d i r e c t o r of the Philadelphia Federal Reserve
Bank.
13.
L e t t e r s exchanged between Mr. Glass and Charles S.
Hamlin, i n which opposite views are expressed on the
a d v i s a b i l i t y of giving a responsible position i n the
Federal Reserve System t o J . David St^rn.
14.
Letters suggesting Hollins N. Randolph f o r a position on
the Federal Reserve Board.
15.
Recommendations by the Board of Governors on July 6 , 1935,
w i t h the aim of making the p r o h i b i t i o n against i n t e r locking directorates more e f f e c t i v e .
16.
L e t t e r of December 16, 1935, from Mr. Glass t o Chester
M o r r i l l , of the Federal Reserve Board, concerning i n t e r e s t
on time and savings deposits.
17.
L e t t e r of October 24, 1935, to Representative Sam
Rayburn, regarding appointments t o o f f i c i a l positions
i n the Federal Reserve System.
18.
Copy of a speech by Ogden L. M i l l s on May 28, 1935,
supporting Mr. Glass i n his c r i t i c i s m of the Eccles b i l l
and entering a plea to keep p o l i t i c s and banking
separated.
19.
Copy of a b i l l t o permit the further use of government
obligations as c o l l a t e r a l for Federal Reserve notes, along
with a favorable statement on the topic by Chester
M o r r i l l , of the Federal Reserve Board.
20.
Report by E. R. Black on the need f o r working c a p i t a l
by small business i n t e r e s t s .
21.
Several proped amendments to section 12B of the Federal
Reserve Act.
g l a s s ' answer t o Seymour r e g a r d i n g C o l o n e l House
and F e d e r a l Reserve l e g i s l a t i o n ;
manuscript
for
Adventure I n C o n s t r u c t i v e F i n a n c e , by G l a s s .
A.
Copy c f p o r t i o n s o f t h e book by C a r t e r G l a s s 9
An Adventure i n C o n s t r u c t i v e F i n a n c e ,
t y p e d and p a r t i a l l y
handwritten.
partially
Box
48
1.
Memo by "A Democrat" regarding McVeagh and B a i l e y *
2.
Memo t o Laughlln regarding asset currency.
3.
Memo on Owen B i l l by Glass ( ? ) , Very informative,,
4.
Hamlin t o Glass on W i l l i s 1 book on Federal Reserve
System and h i s t o r y .
5.
Memo r e g a r d i n g l^mcteburg Bank r e s e r v e requirements.
6.
Aucbincloes t o Glass.
7.
W. H. A l l e n t o Glass r e g a r d i n g f l o w o f f u n d s .
8.
Champ Clark t o B r i c k e r , and B r i s k e r t o Rouse, 11
February 1913*
9»
C e n t r a l Warehouse Lumber Company regarding trade
discounts.
10.
Charles MeCulloch regarding plan t o expand money
supply*
11.
Conant
1913.
12.
J . M. McCarthy t o Glass w i t h good recommendations f o r
changes i n N a t i o n a l Banking A c t , 8 March 1913.
13.
Suggestions from George M. C o f f i n f o r amendments,
1 February 1913.
14.
A l l e n Cucullu t o Glass r e g a r d i n g amendments.
15.
D« Forgan t o Glass r e g a r d i n g h e a r i n g s .
16.
Fisher t o Glass r e g a r d i n g C r a w f o r d - F u l l e r
17.
D.R« F r a n c i s of S t . Louis r e g a r d i n g Glass* speech.
18.
Fowler t o Glass ( i n t e r e s t i n g contents).
19.
Fowler t o Glass r e g a r d i n g i n s u r a n c e of d e p o s i t s .
20.
F s r w e l l f John B» regarding hearings, 5 .December 1912.
t o Glass regarding Connant's book, 6 March
Bill.
!toi±
Box 66
(Fag® 2 }
21<»
Fowler r e g a r d i n g h e a r i n g s *
22.
J» R. Greenlees r e g a r d i n g c u r r e n c y and banking
situation«
23.
Sllsss t o Holdswortto., 27 January 1913# w i t h reference
t o paper o f Holdsworth.
24.
£„ V . Eeaaserer t o Glass r e g a r d i n g r e p l i e s t o q u e s t i o n s
2 1 December 1912.
25.
E i r b y t o Glass on r e p o r t o f t h e N a t i o n a l Association
of Manufacturers on Glass questions s 27 December 1912.
,26•
Eesmserer t o Glass and answers t o questions,,
27.
Royal Meeker t o Glass r e g a r d i n g h e a r i n g s , 8 January
1913.
28.
£10 M» Shaw t o Glass * 4 December 1912.
29.
Glass t o Sprague, 27 June 1913,
30*
MeVeagh t o Glass*. 7 February 1913,
31.
Glass t o Wilson, 31 January 1913.
32.
Glass t o Warburg, i n v i t a t i o n t o appear before committee,
30 December 1912.
33•
L a u g h l l n t o Glass r e g a r d i n g hearings o f committee,
5 January 1912.
Box 48
Correspondence on banking and c u r r e n c y (December 25 s 1913s
t o March, 1914.)
A. M i s c e l l a n e o u s correspondence on m a t t e r s r e l a t i n g t o
banking and c u r r e n c y ,
1.
L e t t e r fro® t h e e d i t o r o f a Nebraska newspaper on
January 1 1 , 1914, u r g i n g t h e p a s s i n g o f a b i l l t o
guarantee bank d e p o s i t s .
2.
Correspondence r e l a t i n g t o r u r a l c r e d i t s
3.
L e t t e r s asking Mr. Glass t o a i d i n bringing a Federal
Reserve bank t o Richmond, V i r g i n i a .
4«
L e t t e r s r e q u e s t i n g copies o f b i l l s , speeches, etc..
e s p e c i a l l y copies of the currency b i l l i n i t s f i n a l
form»
5.
L e t t e r from the president of a Minneapolis bank on
December 13, 1913, s u g g e s t i n g s e v e r a l changes which
should be made p r i o r t o f i n a l acceptance of the measure
6.
L e t t e r from the president of a Philadelphia bank on
January 2 7 , 1914, expressing opposition to any proh i b i t i o n against i n t e r l o c k i n g d i r e c t o r a t e s .
7.
L e t t e r of January 2 , 1914, from Mr. Glass t o Andrew J*
Frame, expressing s a t i s f a c t i o n a t the e n t r y of the bank
of which Mr. Frame was p r e s i d e n t , i n t o the Federal
Reserve System*
8.
L e t t e r from Mr. Glass t o V . W. Flannagan on January 2 ,
1914, thanking Mr. Flannagan f o r h i s help during the
struggle t o get the currency measure accepted and
o f f e r i n g t o e x p l a i n a t some l a t e r d a t e t o Mr. Flannagan
the way i n which he and Representative Korbly had
triumphed over the Senate during the meeting of the
Conference Committee.
9*
Note of December 2 9 , 1913, t o Mr. Glass from Andrew
J . Frame, s t a t i n g his s a t i s f a c t i o n w i t h the currency
b i l l , p a r t i c u l a r l y the section containing a suggestion
o f h i s own.
10.
L e t t e r suggesting t h a t cumulative voting procedures be
adopted i n the e l e c t i o n of bank d i r e c t o r 8 .
legislation*
JLiiQ—
Boxj62.
(Page 2)
11.
L e t t e r p o s i n g q u e s t i o n s as t o t h e d i f f e r e n c e between
t h e F e d e r a l Reserve System and a t h i r d bank o f t h e
United S t a t e s .
12.
Note of December 1$, 1913s from S. D* H u l b e r t , o f f i c i a l
o f s Chicago bank 9 r e q u e s t i n g t h a t Mr. Glass oppose
any attempt-, backed by Paul Warburg or W. 0 . McAdoo„
t o allow Federal Reserve notes t o be counted as
reserves by member banks.
13•
A r t i c l e from t h e January-, 1912, Journal of P o l i t i c a l
Economy, w r i t t e n by E. D. Hulber"F7~entitled, "Some
Points i n Opposition t o the A l d r i c h Plan.."
14.
L e t t e r from E. D. Hulbert on December 17, 1913,
e x p r e s s i n g disfavor w i t h t h e n a t u r e o f t h e c r i t i c i s m s
of the currency b i l l presented by Senator E l l h u Root
and urging Mr. Qlass t o oppose the i n c l u s i o n of Federal
Reserve notes I n bank reserves.
15.
L e t t e r of i n q u i r y from E. D. Hulbert i n February, 1914,
asking about the r e s u l t of a meeting between Mr. disss
and several Senators. The r e p l y from Mr. Qlass i s t o
the e f f e c t t h a t the meeting would be held as soon as
Senator Owen could be present.
16.
L e t t e r of January 2 1 , 1914, fromMr. Qlass t o Senator
G i l b e r t M. Hitchcock, r e f e r r i n g him t o Representative
Charles A. Korbly on the subject of the guarantee of
bank deposits.
17.
Telegram from E. D. Hulbert on December 2 0 , 1913,
s t a t i n g agreement w i t h George M. Reynolds on t h e question
of the a d v i s a b i l i t y of making reserve requirements higher
f o r reserve c i t y banks than they are f o r other banks *
18.
L e t t e r of especial thanks from Mr. Glass on January 5 ,
1914, t o Edward L . Howe a t Princeton, New J e r s e y , i n
appreciation of a congratulatory l e t t e r f o l l o w i n g
legislation*
19.
A l e t t e r of indebtedness on the p a r t of Mr. Glass on
January 5 , 1914, followed a congratulatory l e t t e r from
A. Barton Hepburn.
20.
Congratulatory note o f January 12, 1914, from Mr. Qlass
t o C. A. Korbly on h i s re-nomination t o Congress.
21.
L e t t e r of acknowledgement from Mr. Glass t o Edwin W.
Kemmerer on January 5 , 1914,
Box 6?
(Page 3)
Q u o t e t i o n from a speech by Saaual Untermyer o:n
January 5* 2914. a d v o c a t i n g t h e us*> of ciwul^'civevoting methods i n s e l e c t i n g d i r e c t o r s f o r ija^ici:*: I
banks, recommended f o r t h e c o n s i d e r a t i o n o f K r . Glass
by Richard V. M a t t i s o n of t h e Ke&sbey h Mattiscn
Company^ Ambler 9 Pennsylvania.
23o
Mote from W i l l i a m G« McAdoo, S e c r e t a r y o f t h e Treasury
on January 4 S 1914, s u g g e s t i n g ttask i t might be v i s e
f o r Mr. Glass t o accept a speaking engagement I n
Peoria, I l l i n o i s .
24.
Request from S . M, P a t t e r s o n * o f the U n i v e r s i t y o f
Pennsylvania, f o r c o p i e s o f h e a r i n g s h e l d i n c o n n e c t i o n
with r u r a l credits legislation.
25o
Request from A. P. Pujo on December 2 9 , 1913* f o r a
copy of the currency law*
26.
L i s t of questions* posed on January 28» 1914, by
J e f f e r s o n D» Stephens, i n c o n n e c t i o n w i t h t h e c u r r e n c y
legislation.
27-
L e t t e r of January 9® 1914, f r o n Mr. Glass t o O l i v e r J.
Sands, suggesting t h a t B, Parker W i l l i s could hava
helped the people of Richmond.* V i r g i n i a , had he been
available.
28.
L e t t e r of January 16, 1914, from Mr. Glass t o Represent a t i v e Oscar Underwood about t h e events which t r a n s p i r e d
w i t h respect t o Representative Henry during the oaucu?:
on the currency b i l l .
29.
A s i m i l a r l e t t e r t o Representative A. M, Palmer.
30.
A f f i r m a t i v e r e p l y t o questions by l i r , Glass frcta Oscar
W. Underwood,
31.
L e t t e r of January 12, 1914, from Samuel Untermyer,
s t a t i n g t h a t a speech of his i s being seat t o Mr, Glas<s,
32.
Mote from Joseph P. Tumulty, secretary t o the Presider?^.
requesting t h a t Mr. Glass accept a speaking engagement
on February 14, 1914„
33 •
L e t t e r from Mr. Glass t o Joseph P. Tumulty on Deeember2 6 , 1913, asking t h a t a telegram from a group of
Lynchburg businessmen, asking President Wilson t o
stop f o r & short time i n the c i t y t o pay t r i b u t e t o Mr.
Glass f o r h i s part i n currency l e g i s l a t i o n be destroyed,
34
Copies of a l e t t e r w r i t t e n on August 2 2 , 1913, by
W i l l i a m Jennings Bryan t o Mr. Glass, supporting the
/*7
Box 64, (Page 5)
proposed currency b i l l , g i v e n t h r e e p r o v i s i o n s which
M r . Bryan considered v i t a l l y important *
35.
Acknowledgement from Joseph P. Tumulty of r e c e i p t
from Mr. Glass of a pamphlet, prepared by Paul Warburg.
36.
L e t t e r from H. Parker W i l l i s on February 25* 1914 s
s t a t i n g t h a t , as a r e s u l t of a t a l k w i t h Representative
B u l k l e y , ha was sending a p e r s o n a l l e t t e r t o M r . Glass*,
concerning t h e r u r a l c r e d i t s b i l l .
37.
Congratulatory note from Mr. Glass t o John Skelton
Williams on January 2 0 , 1914, upon the s e l e c t i o n o f
Mr. Williams as Comptroller of the Currency.
38.
L e t t e r of January 19, 1914, t o Paul M. Warburg from
Mr. Glass, concerning working c o n d i t i o n s f o r worsen
and c h i l d r e n , i n answer t o a l e t t e r from Mr. Warburg.
39.
Handwritten l e t t e r from Mr. Glass t o President Wilson,
apologizing f o r a request, made t o t h e President by
c e r t a i n Xgmchburg businessmen, t h a t h i s v a c a t i o n be
i n t e r r u p t e d t o stop i n the c i t y t o help pay t r i b u t e
t o Mr. Glass.
40.
Note of A p r i l 3 , 1916, from John Skelton W i l l i a m s ,
Comptroller o f the Currency, e x p r e s s i n g agreement w i t h
those opposing the s t a t e law i n Nebraska, concerning
the guarantee o f deposits,
41.
Copy of S t a t e Taxation of n a t i o n a l Banks, p r e s e n t i n g
an opinion lay &eorg® Bryan, a t f ^ n e y T O T the V i r g i n i a
Bankers Association, dated May 2 3 , 1916.
42»
Report by M» C. E l l i o t t , counsel f o r t h e Federal Reserve
Board, concerning f e d e r a l and s t a t e deposit guarantee lavis
43.
Report from the Attorney General t o S e c r e t a r y of t h e
Treasury, McAdoo, concerning the guarantee of d e p o s i t s
by s u r e t y companies.
44,
L e t t e r from the American Bankers Association t o t h e
governor of the Federal Reserve Board on June 1 , 1916,
i n favor of the McFadden b i l l .
45o
E d i t o r i a l of January 30, 1914, a t t a c k i n g Samuel "Jntermyer f o r d e s i r i n g t o have the banks operate uide** i'cs
Office regulations.
46o
Copy of a speech by James R, Young, e n t i t l e d ,
and Loan Associations."
"Land
-a r/iv>
l
Box 68
T h i s box c o n t a i n s correspondence fr-oia c o n s t i t u e n t s
i n F l o y d and Montgomery c o u n t i e s ,
most p a r t such
raattera
Correspondence r e s
{;3..9X2~X923)
For fchs
as t h e f o l l o t f i x i g a r e tsfcen up,.
Glass* eftances i n t*ie 2912
Democratic p r i m a r y and s o l i c i t a t i o n by Glass* o f votes>
r e q u e s t s f o r seeds 9 government b u l l e t i n s and -yearbooks ?
correspondence r e ;
appointment o f postmasters and
changing o f r u r a l r o u t e s .
¥fS~
po
Box 69
T h i s box c o n t a i n s r e q u e s t s or recommendations
f o r government j o b s
(19145.
Most o f them concern
postmaster p o s i t i o n * around t h e Roanoke, V i r g i n i a ,
area.
N o t h i n g o f wide or g e n e r a l i m p o r t a n c e
Included.
is
Box TO
Corr espondence f r o m c o n s t i t u e n t s i n Campbell
County and Lynchburg i n u h i e h t h e y t a k e up such
t i l i n g s as postmaster appointments ^ r e q u e s t s
government Jobs^ seeds, p u b l i c a t i o n s * e t c .
some o t h e r l o c a l or p e r s o n a l q u e s t i o n *
for
or
Letters
t o G l a s s ' son and newspaper e x e c u t i v e s r e g a r d i n g
t h e r u n n i n g o f t h e paper a r e I n c l u d e d *
(1914),
irrr~
Box 7 1
Correspondence from c o n s t i t u e n t s i n Roanoke
C i t y and County i n w b i c h t h e y t a k e up m a t t e r s
such as t h e f o l l o w i n g !
Requests f o r c o p i e s o f
t h e F e d e r a l Reserve A c t and o t h e r
government
p u b l i c a t i o n s | r e q u e s t s f o r government jotoa, seeds p
etc |
r e q u e s t s f o r i n f o r m a t i o n r e g a r d i n g fcfoe
e f f e c t s o f t h e new F e d e r a l Reserve Act on S t a t e
banks i
recommendations f o r postrnftstttpsfcips |
and o t h e r m a t t e r s o f a p e r s o n a l or l o c a l n a t u r e .
(1914)*
TT6"
j-r*
Box 72
Correspondence from residents of Roanoke
C i t y and County ( 1 9 1 4 ) , i n which they take up
a v a r i e t y of s u b j e c t s of
nature.
For example,
® l o c a l or personal
they seek Glass r
consideration on v a r i o u s b i l l s , recommend
various people f o r p o s t m a s t e r s h i p s , e t e 0
The
m a t e r i a l i s e r l a t i v e l y i n s i g n i f i c a n t outside of
i t s immediate l o c a l i t y .
•mn+
2S5LH
Correspondence between Glass and M s
c o n s t i t u e n t s I n I g n c h b u r g and Campbell County.
For t h e most p a r t t h e m a t e r i a l d e a l s w i t h
or p e r s o n a l a f f a i r s and i s r e l a t i v e l y
(1914),
local
insignificant,
Correspondence f r o m c o n s t i t u e n t s
B e d f o r d County (193A).
in
Sueh t h i n g s as recom-
mendations f o r p o s t m a e t a r s h i p s * r e q u e s t s
seeds and o t h e r m a t t e r s a r e t a k e n up«
for
Because
most o f t h e t o p i c s w r i t t e n about a r e o f a 3,00a!
o r p e r s o n a l n a t u r e ^ t h e correspondence l a
i n s i g n i f i c a n t o u t s i d e t h e immediate area,,
relatively
SSSLZ1
Correspondence fro® constituents
in
lyncfeburg and Campbell Counties i n w h i c h t h e y
t a k e up m a t t e r s o f a l o c a l n a t u r e .
correspondence re?
Also
p e r s o n a l and f i n a n c i a l
m a t t e r s w i t h tha business manager o f M s
newspaper.
(1914).
-ASen7
Box?6
mm^ttx&mxmia-s
.tut
Correspondence w i t h 6 l a s s *
i n I^rnchburg and Campbell Counties*
constituents
The m a t e r i a l
d e a l s w i t h m a t t e r s o f l o c a l i n t e r e s t or w i t h
p e r s o n a l a f f a i r s o f G l a s s * M s newspaper and
friends*
(1914).
nf
Max. 77
Correspondence f r o m r e s i d e n t s
l y n c h b u r g and Campbell C o u n t i e s .
of
The m a t e r i a l
d e a l s w i t h t o p i c s o f a l o c a l or p e r s o n a l
interest.
Many l e t t e r s from c r e d i t o r s
regarding
s m a l l accounts owed by Qlass and o t h e r
financial
matters are included.
(1914 - 1 9 1 5 ) .
Box 78
Correspondence from Glass*
i n Roanoke C i t y and County.
constituents
(1914-1915).
Most
o f t h e m a t e r i a l d e a l s w i t h a c o n t r o v e r s y over
t h e appointment o f Postmaster a t Roanoke.
S e v e r a l o t h e r l o c a l or p e r s o n a l m a t t e r s a r e a l s o
included but they are of l i t t l e
f o r t h e most p a r t ,
significance
BogJLi
Correspondence from
Roanoke C i t y «nd County.
c o n s t i t u e n t s ;l
For t h e meet- p a r t
she m a t e r i a l d e a l s w i t h appointment o f puz'ti8®3ters and r e q u e s t s f o r seeds and
bulletinso
I t s g e n e r a l s i g n i f i o s m c s i s yx»«fo§:>
l i m i t e d t o t h « immediate community «
(19i*>).
Box 80
Correspondence f r o m c o n s t i t u e n t s
B e d f o r d County.
in
For t h e most p a r t t h a K&'oeri
d e a l s nifch appointment o f postmasters mid
r e q u e s t s f o r seeds and government
bulletins,
I t s g e n e r a l s i g n i f i c a n c e i s p r o b a b l y Ximivad
t o t h e immediate community,
(1915)*
Box 8 l
l e t t e r s f r o m c o n s t i t u e n t s i n J^ncfe^v^g
and Campbell C o u n t i e s vconc^rniiig posl»y-«s t®:
s h i p s * government J o b s , ctosioglng v s r a !
routes,
r e q u e s t s f o r seeds and b u l l e t i n s and
p e r s o n a l and l o c a l m a t t e r s o f
limited interest.
(1915).
relatival;/
Box 82
Correspondence; Roanoke C i t y and County s
March 1915 - Aug. 1915.
About 400 l e t t e r s c o n c e r n i n g s t a t e &nd
l o c a l p o l i t i c a l matters etc.,
appointments©lectio*)
requests f o r assistance, a p p l i c a t o r s
for
employment i n t h e government* and some p e r s o n a l
letters*
A l s o some correspondence w i t h fcbe
T r e a s u r y Department r e c e r t i f i e d
checks,
Box 83
Correspondences
Lynchburg and Campbell Count
A l p h a b e t i c a l l y arranged miscellaneous
correspondence 9 d e a l i n g g e n e r a l l y with
p o l i t i c s i n V i r g i n i a i n 191?*
IocmI
Box 84
General Inventory This box i s composed almost exeluaive.Vy
of correspondence t o Glass f r o a various eiti.v&ns
i n Bedford County, V i r g i n i a . Glass was 3
of the House of Representatives a t t^te 'clause
Replies t o most of the l e t t e r s are e l a o iricliKfc-d,
Eaeh l e t t e r i s of l i t t l e r e l a t i v e iiaporvsci
except t o the extent t h a t sonsa o f thmt des.l uii.*very c o n t r o v e r s i a l Issues of l o c a l I n t e r e s t :in
various towns and communitiesr
The main points brought up
qvesttlo^s.
arguments and p e t i t i o n s from c i t l s e n s
the appointment of l o c a l postmaster*} and cimn&t;&
of r u r a l r o u t e s . The communities of Jfuddjtes'.oti
and Abent were of s p e c i a l i n t e r e s t i n fcSia l:Ln?»«
Also there are many requssfca f o r copies of
c e r t a i n b i l l s , l i t e r a t u r e frcaa the
flgrleitlr.ure
Department 9 maps and other items*
Box 85
Correspondences Lynchburg and Campbell Counties..
March 1916 • May, 1916,
About 500 l e t t e r s concerning ctate. acid
l o c a l p o l i t i c s and appointments, r e q u e s t s foe
seeds and b u l l e t i n s * newspaper business*
l e g i s l a t i o n and personal matters.
Box 86
L e t t e r s from constituents concerns ng
gyvernment
requests for publications imti
seeds 9 firj*^c::.al reports and a c t i v i t i e s r©g*ri1ng
his newspaper;, etc,
Also sane p e r i o r a l
fro® his friends end children.
letter
Ther« i s also a
l e t t e r t o Mr* S. F, Sheffey from Glesa i n whir'*
Glass gives his views of the way Bishop Csnnc/i
handles his f i n a n c i a l a f f a i r s .
(19X5 ~
IfS
Sox 87
Correspondence % aoanoke Citjf and C©>. nfcy.
August, 1915 - February, 1916.
About 500 l e t t e r s concerning, afrits
1 q c * 1 p o l i t i c s 9 p a r t i c u l a r l y appointment o?
postmasters, requests f o r seeda,. b u r . ' e t i r f c .
and expressions of opinions on v a r l o 0 3*>£i5
under consideration..
5
;v,
ic.
Box 88
Correspondence, i n c l u d i n g requests f o r Document 85
on l i b e r a l i s m t e s t i n g
(1928-29).
A,. L e t t e r s requesting copies of Senate Doeume'/nt No*
85 or acknowledging r e c e i p t of t h e l i t e r a t u r e ,
concerning inspection procedures f o r determining
whether c a t t l e had contracted tuberculosis.
1.
Responses from Senators upor* r e c e i p t of
copies of Senate Document No* 8 5 .
2.
L e t t e r s requesting copies o f Senate Dosument
Ho* 8 5 , or e n t e r i n g s i m i l a r complaints i n
connection w i t h c a t t l e i n s p e c t o r s
B. Copy of a b i l l introduced by Mr. Qlass on May 3.
1928, t o allow c a t t l e owners t o be repaid
any losses s u f f e r e d , as a r e s u l t of the d e c l a r a t i o n
of animals as t u b e r c u l a r .
tfO
Bsa^Sa
Corresporid&rtce from Roanoke
t y and
County (1926) c o n c e r n i n g government ;Jofc« and
appointmentsj? r e q u e s t s f o r c o p i e s o f b i l l n an?
o t h e r l i t e r a t u r e ^ r e q u e s t s f o r seeds*, ( j u ^ r l a ^
r e g a r d i n g t h e e f f e c t of c e r t a i n
p a r t i c u l a r l a t e r e & t s . etc»
legislaevx'j
Moat o f
*><•< rev. -
pondence concerns l o c a l or per*one1 a f f * i l * 9 ,
Box 90
Correspondence en Montgomery bounty (July* 19114 ~
January^ 1916)
Ao M i s c e l l a n e o u s correspondence w i t h -sonetituuncs
i n Montgomery County, V i r g i n i a .
1.
Suggestion from t h e postmaster a t R a d f o r d ,
V i r g i n i a , t h a t a campaign be o r g a n i z e d t o
give Mr. Olass a l a r g e v o t e i n a f o r t h coming e l e c t i o n s evavi though he would be
unopposed.,
2„
Request from an employee o f a bank a t
Chriatiansburg, V i r g i n i a , , t h a i Mr, Glaaa
h e l p him g e t a 40b a t one o f t h e F e d e r a l
Reserve banks. Mr. Q.laso answers t h a t he
does n o t make recommendations o f t h i s
n a t u r e because o f h i s i n t i m a t e correct.von
w i t h t h e F e d e r a l Reserve Systcva.
Box 9 1
Correspondencei Lynchburg and Campbell C o u n t i e s *
Hay ~ August$ 1916*
About 500 l e t t e r s *
S t a t e and l o c a l
p o l i t i c a l mattersj, i n c l u d i n g appointments^
endorsements* e t c *
and compensationo
Requests f o r seeds $
bulletins
L e t t e r s t o W a l t e r Addison and
M. Duerson concerning t h e News and Advance and other
p e r s o n a l or business m a t t e r s .
Box ftg
Correspondence f r o m r e s i d e n t s o f F l o y d
County (1915-1916) concerning* f o r the most p a r t
p o s t u a s t e r s h l p s $ r u r a l r o u t e changes and r e q u e s t s
f o r seeds and government b u l l e t i n s *
Other
p e r s o n a l or l o c a l m a t t e r s a r e t a k e n up i n Bone
cases b u t none i s o f v e r y g r e a t g e n e r a l i n t e r e s t «
Box 93
About 600 l e t t e r s c o n c e r n i n g t h e
local p o l i t i c a l situation*
appointments*
endorsements* r e q u e s t s f o r seeds*
etc*
bulletins*
c l a i m s f o r compensation and ¥ a r i o u s
p e r s o n a l and b u s i n e s s m a t t e r s »
(1916 - 1917)0
r'-iO —
rt^J
Box 94
Correspondence w i t h Roanoke C i t y and County
(May - November, 1916)
A. Miscellaneous correspondence w i t h constituents
during 19160
1.
E d i t o r i a l from the New York Sun on June 26 s
1916, sent by a Roanoke, V i r g i n i a , insurance
f i r m , backing the stand taken by Mr. Glass
i n favor of branch banking.
2.
Several l e t t e r s frcm r e a l e s t a t e firms s
opposing an amendment t o the n a t i o n a l Bank
Act t h a t would enable n a t i o n a l banks t o
carry out c e r t a i n insurance functions.
3.
4.
L e t t e r of September 8 , 1916, from a Roanoke,
V i r g i n i a , lawyer, congratulating Mr. Glass on
•a speech distinguishing the Federal Reserve
Act and the A l d r i c h b i l l .
L e t t e r from J . B. S t r l n g f e l l o w , a n a t i o n a l bank
examiner, thanking Mr. Glass f o r a i d i n g i n the
unsuccessful attempt t o procure f o r him the
Job as Federal Reserve agent a t Richmond, V i r g i n i a 0
Box 95
Correspondence w i t h F l o y d County,
(December, 1916, - A p r i l ,
A.
1917).
M i s c e l l a n e o u s correspondence w i t h c o n s t i t u e n t s i n F l o y d County«
-secr-
f97
Box 96
Correspondence w i t h B e d f o r d County
(December, 1916, - A p r i l , 1917)
A.
M i s c e l l a n e o u s correspondence w i t h c o n s t i t u e n t s from B e d f o r d County.
Speeches
(1916 - 1928)
A6 J e f f e r s o n Day Dinner
Copies of speeches by A l f r e d E. Smith and Harry F» Byrd,
among others, r e f e r r i n g p a r t i o ~ar xy t o the proper
r e l a t i o n of the government to
economy.
Be
Copy of a speech, "A Menacing Group A l l i a n c e m a d e I n
the Senate on March 2 3 , 1922, by Mr. Glass,, opposing t h e
e n t r y o f t h e United States i n t o an a l l i a n c e w i t h Japan.
C.
Copies of a speech of January 17 P 1936, by Mr. Q l a s s ,
r e f u t i n g the statement t h a t Woodrow Wilson agreed t o t a e
e n t r y i n t o World War I by the United S t a t e s , because o f
the existence of c e r t a i n secret t r e a t i e s which were
endangering the loans made by the Morgan f i n a n c i a l
interests.
D.
Copy of a b r i e f Armistice Day speech made by Mr. Glass on
November 11, 1923.
£.
Copies of a speech byMr. Glass i n the Senate on June 14,
1929, r e l a t i n g the problems created by high p r o t e c t i v e
t a r i f f s t o the a g r i c u l t u r a l I n t e r e s t s .
Wo
Copy of "The Truth about the War Department," a speech
made by Mr. Qlass on February 7 , 1918.
0.
Copies of a Jefferson Day speech by Mr. Glass on A p r i l 13
1916, explaining the need f o r banking reform and d e s c r i b i n g
the remedies which had been prescribed f o r tfee f i n a n c i a l
difficulties.
Copies of a speech. Lest We Forget," by Mr. Qlass on
February 16, 1923, concerning the a d v i s a b i l i t y o f
accepting a proposal f o r lowering t h e debt o f t h e B r i t i s h
t o the United States.
1.
Envelope supposed t o contain a speech made by Mr* 6 l a s a on
June 1**, I 9 1 7 , i n regard t o an amendment t o t h e fecSsrel
Reserve Act. The copy o f the speech, honraver, i s
J,
Copy of a speech by Mr. Glass on A p r i l 2 7 , 1533* e n t i t l e d
" S h a l l We Qo Over the Precipice? 1 ', opposing m amendment
t o the b i l l by which the country was t o go o f f the gclS
standard and also s t a t i n g opposition t o the b i l l *
Mr.
Qlass expresses the opinion t h a t the b i l l would ms'lcs t h e
Federal Reserve System subservient t o the Treasury
Department,
BoxJSL
2)
K.
Copy o f a speech made by Mr. Glass a t P i t t s b u r g ,
Pennsylvania, on February 9„ 1919s contrasting the
banking system before the passing of the Federal Reserve
A c t , under which the f a i l u r e of two Hew York banks
caused a panic, w i t h the banking community which s u r v i v e d
a world war almost unscathed.
L.
Complimentary l e t t e r s during t h e summer o f 1936, on the
speech by Mr. Glass a t a Democratic Convention* a t w h i c h
time he expressed d i s s a t i s f a c t i o n w i t h the t r e n d i n
n a t i o n a l government.
M.
Copy of a speech by Mr. Glass i n Chicago, I l l i n o i s 9 on
March 2 1 , 1919, i n which he d i s c u s s e s l i b e r t y loans and
t h e h i s t o r i c a l development of t h e Federal Reserve S y s t e m
N.
Statements, concerning Admiral Cary T. Grayson, waich Mr,
Glass had p r i n t e d i n the C o n g r e s s i o n a l Record.
0..
Statement placed i n t h e Congressional Record on August
1 6 , 1937, by M r . Glass, ^ v a S i T n F o r i B a t i o n about the
a c t i v i t i e s o f the Federal Deposit Insurance Company*
P.
Copies o f a statement by Mr. Glass, i n connection w i t h
the v i c t o r y l i b e r t y l o a n , e n t i t l e d , "Business Need n o t
Fear F u t u r e . "
Q*
Copies of a speech by Mr. Glass i n the House o f Represent a t i v e s on September 7 , 1916, and a speech made during
1916 t o t h e American Bankers * Association, d e a l i n g w i t h
H
!':! vbi1 the Federal Reserve A c t , the reasons f o r i t s enactment j.
ji- ' • the process by which i t became law, and the performance
'j,;;of the system.
R.
Copies o f , "A Dangerous Nostrum," a speech by Mr. Glass
on June 2 2 , 1926, opposing a b i l l designed t o a i d .
a g r i c u l t u r a l i n t e r e s t s , because i t was not i n accordance
w i t h the fundamental p r i n c i p l e s o f government.
Box 98
Speeches
(1916-28)
A*
Copies o f a speech by Mr. Glass OP Apr 17 8 191'^
concerning t h e l o c a t i o n o f r e g i o n ! r e s e r v e La*-!,
p a r t i c u l a r r e f e r e n c e t o o l a c i n g a bana j n X ^ ^ t ^ d
V i r g i n i a , r a t h e r than Baltimore
fla^/jard*
a^M
D«
or another c i t y .
Bo
Copy o f speeches by M r . Glass on September 10 and 13,,
1913* when he was t r y i n g t o assure t h e passage by the
House o f Representatives o f t h e b i l l , c r e a t i n g t h e
F e d e r a l Reserve. System»
C.
Copy o f an address by Mr. Glass d u r i n g 1919 t o t h e
H o r t h C a r o l i n a Banters Association, t o u c h i n g upon & wide
range of s u b j e c t s *
0.
Copy of a s p e e c h ' d e l i v e r e d on January 26 1932, > * Mr,
Glass, e n t i t l e d , " R e s p o n s i b i l i t y f o r ¥01 e A gn Lo&ac^
and c a l l e d by Glass t h e "Turnip-head apt och
B.
Copy of a speech by Mr. Glass on June 9 , 1925» b e f o r e «
meeting of the Robert Morris Associatesc
•F.
*
Copies of a speech made on March 20 a t Minneapolis and
on March 2 1 , 1919* a t Chicago by Mr, Glass, discussing
t h e Federal Reserve S y s t e a , the war, and the l i b e r t y
l o a n campaign,
ho
J]/
i;
?1
Copies of a booklet containing the statement of Mr. Glass
opposing c e r t a i n c a t t l e inspection procedures being
followed by employees of t h e S t a t e o f V i r g i n i a «
The
booklet i s e n t i t l e d , "A T a l e o f Two H e i f e r s / '
£.
Copies of "Government by I n v e s t i g a t i o n vs. Co ernment
by Suppression", a speech made on A p r i l 1 5 , 19?*, by Mr.
Glass, s u g g e s t i n g t h a t the Secretary of the Treasury
permit an i n v e s t i g a t i o n o f one of the Treasury agencies
by a Senate Connlttae.
1,
Copy of a speeeh by Mr. Glass on October 23* 1928,
c r i t i c i z i n g the actions of Herbert Hoover, when he served
as Food Administrator i n the World War I p e r i o d , and
r e f u t i n g those who defended P r e s i d e n t ' H o o v e r ,
J.
Copies of. a speech;, "The Facts About the F i s c a l P o l i c y
of our Government During the Past Few Years",, made by
Glass oai Hovember 1 , 1932.
£01
Boss 99
Correspondence p r o t e s t i n g Kitchen amendment t o SRI7606 (1$17)
lo
Copies of amendments t o the Federal Reserve A c t , submitted
on A p r i l 2 7 , 1917. W the Banking and Currency Committee,
of which Mr. Class was chairman, f o r consideration on
the Bouse f l o o r .
2.
Copy of a l e t t e r of May 1 6 , 1917 s from W i l l i a m G« McAdoo,
Secretary of the Treasury, t o President Wilson, g i v i n g
h i s views on the s i t u a t i o n w i t h respect t o s e v e r a l
amendments t o the Federal Reserve A c t , then ready f o r
r e s o l u t i o n i n conference committee,, McAdoo mentions
bringing Mr. Glass around t o accepting the issuance of
Federal Reserve notes against gold and expresses opposition
t o granting permission f o r c e r t a i n banks t o make exchange
charges•
3.
L e t t e r of October 2 , 1916, from Paul Warburg of the
Federal Reserve Board, covering a v a r i e t y of p o i n t s ,
considered of importance a t the t i m e , such as s t r e s s i n g
the adequacy of gold balances held by member banks•
4.
L e t t e r from Mr. Glass t o James B . Forgan on January 15®
1917, i n which Mr. Glass inquires about the J u s t i f i c a t i o n
f o r t h e p o s i t i o n , t a k e n by bankers who had p r e v i o u s l y
considered t h e Federal Reserve Act an i n f l a t i o n a r y measure,
t h a t F e d e r a l Reserve notes s h o u l d be used as reserves«
1;
<; 5 .
if i
T:!
'
!|
Telegram of November 11, 1916, from Bernard H. Baruch.
L e t t e r from W.P.G. H a r d i n g , governor of t h e F e d e r a l Reserve1
Board, on January 2 2 , 1917. announcing the withdrawal of a
recommendation t h a t Federal Reserve notes be Issued a g a i n s t
gold certificates.
7.
L e t t e r from Paul Warburg, of t h e Board o f Governors, on
January 3 0 , 1917* asking t h a t Mr. Glass t r y t o g e t Congress
t o r e c o n s i d e r t h e s e c t i o n o f t h e F e d e r a l Reserve A c t ,
r e l a t i n g t o bank loans t o d i r e c t o r s .
3.
L e t t e r s t o and from Mr. Glass concerning%
a ) p r i v a t e bankers as d i r e c t o r s of n a t i o n a l banks.
b) the performance of insurance services by small
n a t i o n a l banks.
( c ) the check c o l l e c t i o n amendment o f f e r e d i n 1917
by Representative K i t c h i n and by Senator
Hardwick.
Box 99
9.
'i/
L e t t e r from Mr, Glass t o W.P.G, Harding a t the F e d e r a l
Reserve Board, s t a t i n g t h a t a r e t u r n t o t h e former
system o f check c o l l e c t i o n would be undesirable.
10.
Several l e t t e r s f r o ® bankers favoring t h e K i t c h i n
11.
Correspondence w i t h John V . F a r w e l l about the K i t c h i n
bill*
12.
tetter
from Representative Edmund P i a t t * f a v o r i n g the
exacting of exchange charges.
13.
Reply of Mr. Glass t o the l e t t e r from Edmund P i a t t .
14.
numerous l e t t e r s from merchants, b o t h r e t a i l and w h o l e s a l e
throughout the country, p r o t e s t i n g the charging o f
exchange during the check clearance process. For example,,
t h e r e a r e l e t t e r s from g r o c e r s , drygoods c o n c e r n s , and
hardware s t o r e s .
15.
L e t t e r from W.P.G* Harding, Governor of the Federal
Reserve Board, accompanying a statement of the e f f e c t o f
a proposed amendment t o the reserve requirements*
16.
L e t t e r of A p r i l 3 0 , 1917» from Paul Warburg, of the Federal
Reserve Board, noting an enclosure f e l t t o be o f i n t e r e s t
t o Mr. Glass.
itltf.
]
L e t t e r s sent t o the Board of Governors, opposing the
K i t c h i n amendment concerning exchange charges, and t r a n s m l t t e d by W.PoG. Harding t o M r . G l a s s .
;
11
'I
jl8.„
1
bill.
Correspondence of the Comptroller of the Currency, r e l a t i n g
t o exchange charges on checks, including l e t t e r s from
John Skelton Williams t o Mr. Glass.
206"
BOX 100
Correspondence w i t h the Army Department i n 191?.
A.
Correspondence i n c o n n e c t i o n w i t h m i l i t a r y
s e r v i c e problems brought t o t h e a t t e n t i o n
of Mr. Qlass by c o n s t i t u e n t s .
Box 101
1.
QIsbs t o Penrose r e g a r d i n g Hudson m a t t e r , 9
October 1919, and e x t e n s i o n o f i n t e r e s t payments
on loans t o European borrowers,.
2.
L e f f l n g w e l l t o G l a s s , 30 January 1936, r e g a r d i n g
s u b r o g a t i o n o f c o l l a t e r a l f o r war l o a n .
3.
L e f f l n g w e l l t o G l a s s , 5 January 1936.
M e l l o n t o Glass r e g a r d i n g c a b l e s s e n t by G l a s s .
5<.
Houston t o Glass r e g a r d i n g c a b l e s .
6.
L e f f l n g w e l l t o Q l a s s , 19 December 1922. Memo
r e g a r d i n g t h e l e g a l i t y o f f o r e i g n loans 9 I T December
1922.
7.
Memo o f T r e a s u r y , 3 March 1921, r e g a r d i n g f o r e i g n
loans.
8.
Memo, 2 August 1921, t o Qlass r e g a r d i n g r e f u n d i n g
of foreign obligations.
9.
Memo f o r s e c r e t a r y , 25 October 1919, r e g a r d i n g
money m a r k e t .
10.
Memo t o Qlass f r o m ( ? ) K e l l e y r e g a r d i n g f o r e i g n
l o a n s , 3 March 1921.
11.
L e f f l n g w e l l t o Q l a s s , 15 December 1920, r e g a r d i n g
r e v e r s a l o f War Finance C o r p o r a t i o n .
12.
L e f f l n g w e l l t o K e l l o g g r e g a r d i n g t h e r e s e r v e (a good
memo).
13.
Lefflngwell to
14.
L e f f l n g w e l l address b e f o r e t h e Academy, 12 May 1922•
15.
L e f f l n g w e l l 1 s address b e f o r e P o l i t i c a l Science
A s s o c i a t i o n , 30 A p r i l 1922.
16.
Glass t o Korman H. Davis r e g a r d i n g F r e n c h f i n a n c e «
17<»
Qlass t o t h e P r e s i d e n t * 28 May 1918, r e g a r d i n g t h e
r e m o v a l o f embargoes on coin., b u l l i o n and c u r r e n c y
by P r e s i d e n t i a l p r o c l a m a t i o n .
( ? ) versus s o l d i e r ' s bonus*
Box 101
(Page 2)
P r e s i d e n t from G l a s s , 2 June 1911, r e g a r d i n g
forging of notes.
Glass t o P r e s i d e n t r e g a r d i n g appointment o f John
S k e l t o n W i l l i a m s , 24 January 1919.
mr* 1**1
Box 102
Correspondence p r o t e s t i n g t h e l a r d w i c k amendment t o
B»Ho 3613
(1917)
A*
numerous l e t t e r s opposing t h e B&rdwicfe amendment w h i c h
would renew t h e r i g h t o f t h e banks t o l e v y exchange
charges on checks*
BU
Pamphlets e x p l a i n i n g t h e HardMick amendment and d i s c u s s i n g
t h e c o l l e c t i o n p o l i c i e s o f t h e f e d e r a l Reserve System*
C*
Motes from s e v e r a l Senators* s t a t i n g o p p o s i t i o n t o t h e
Hftrdwick amendment and e x p r e s s i n g t h e hope t h a t t h e
Conference Committee would r e f u s e t o a c c e p t t h i s p o r t i o n
of the b i l l ,
D«
L e t t e r f r o m an organ o f t h e American Bankers A s s o c i a t i o n
i n f a v o r o f t h e Hardsiick amendment *
E»
Copy o f a t e l e g r a m fro® Mr* Glass t o W i l l i a m
McMoc*
Secretary of the treasury* concerning p o s s i b i l i t y of
u r g i n g t h e P r e s i d e n t t o v e t o t h e b i l l * i f t h e Hardwiclc
amendment l a accepted by t h e Conference Committee*
F.
L e t t e r from P a u l Warburg on A p r i l 28* 191?> s e n d i n g a
s t a t e m e n t t o Hr% d l a s a * i n t e n d e d t o keep him i n f o r m e d
about t h e a t t i t u d e o f I n f l u e n t i a l persons t o w a r d exchange
charges«
0.
Mote from W *P*Q, B a r d i n g * Governor o f t h e F e d e r a l Reserve
Board* on December
193*6* e n c l o s i n g a s u b s t i t u t e
amendment t o t h a t p a r t o f t h e F e d e r a l Reserve A c t d e a l i n g
w i t h membership r e q u i r e m e n t s # suggested by H« Parker W i l l i s «
H«
L e t t e r from W * P H a r d i n g , Governor o f t h e F e d e r a l Reserve
B o a r d , s e n d i n g 'correspondence about t h e S i t c h i n b i l l t o
Mr* Ulass*.
I*
L e t t e r f r o m Kr# Glass t o R e p r e s e n t a t i v e 0*
Brandy
e x p r e s s i n g t h e hope t h a t t h e P r e s i d e n t would v e t o t h e
b i l l c o n t a i n i n g t h e l a r d w i c k amendment.
J*
L e t t e r f r o m t h e p r e s i d e n t o f t h e $ i r s r d n a t i o n a l Bank
f a v o r i n g t h e c h a r g i n g o f exchange by banks *
K#
Telegram t o Mr. 6 1 mn f r o m Benjamin S t r o n g * o f t h e Net*
York F e d e r a l Reserve Bank* opposing t h e p l a n t o p e r m i t
t h e • c h a r g i n g o f exchange*
Box 102
(Page 2 )
L e t t e r from John P e r r i n , of the Federal Reserve Bank
of San Francisco, concerning the r e s p o n s i b i l i t i e s of
the Federal Reserve Agent.
Copy of the Federal Reserve Act as amended t o September
T a 1916, and a copy of the K i t c h i n b i l l .
Copies of a r e p o r t by the Federal Reserve Bank o f New
f o r k on t h e check c o l l e c t i o n system, prepared by P i e r r e
Jay*
Copies of the pamphlet* e n t i t l e d , "The C o l l e c t i o n System
of the Federal Reserve Banks."
Copies of a ten-page paper on "A D i s p a s s i o n a t e A n a l y s i s
of the Subject of 'Exchange• on Checks, Being a C o l l e c t i o n
Fee Assessed by C i t y Banks when Paying Checks Brawn
Against Banks i n Other C i t i e s , or i n Towns and V i l l a g e s *"
ttr
Correspondence p r o t e s t i n g Hardwick amendment on H.R. 3^73
(1917)
A.
Telegram ftpcan Mr. Glass on May 1 6 , 1917» t o John Y .
F a r w e l l , George A . Snapp, J . B. McLaurin* and s e v e r a l
r e t a i l e r s and wholesalers, suggesting t h a t p r o v i s i o n s
w i t h regard t o check c o l l e c t i o n s , contained i n a b i l l
before a Conference Committee, be opposed by business
Interests.
B.
L e t t e r s and telegrams opposing the Mardwick amendment*
p e r m i t t i n g banks t o make exchange charges f o r h a n d l i n g
checks.
1.
Telegram from W i l l i a m G. McAdoo.
2.
L e t t e r from J . H. Tregoe, Secretary of the R a t i o n a l
Association of C r e d i t Ken, showing how the group
«$8 cooperating i n opposing the B e r w i c k amendments
3«
Correspondence w i t h Thcnas A. F e r n l e y , Secretary o f
n a t i o n a l Wholesale Dry Goods Association, who
d i d much of the work involved i n f l o o d i n g Congressmen
w i t h messages opposing a r e t u r n t o former exchange
charge practices*
4.
L e t t e r s from numerous Congressmen, promising t o g i v e
thorough consideration t o the problem of exchange
charges.
5*
Correspondence from Frederick A. Delano, of the F e d e r a l
Reserve Board, concerning the cheek clearance provisions
of the Federal Reserve A c t .
6 . ; Memorandum from the Federal Reserve Board, concerning
statements made by J . F . T h r a l l s *
7.
L e t t e r s from John Skelton W i l l i a m s , Comptroller of
the Currency, opposing the Hardwick amendment.
C*
L e t t e r s from banks supporting the r e t u r n of the p r i v i l e g e
of making exchange charges*
D.
L e t t e r from John Skelton W i l l i a m s , Comptroller of the
Currency, accompanying a r e p o r t on usury charges.
K.
Paper pa9 "Domestic Exchange", by Robert D. Kent, president
of a bank i n Passaic, Hew Jersey.
Box 103
'i/
F.
l e t t e r from W.P.G. H a r d i n g , Governor o f t h e F e d e r a l
Reserve Board, s t a t i n g t h a t the acceptance of t h e b i l l
containing the Hardwick amendment would c o s t t h e government l a r g e sums of money i n connection w i t h L i b e r t y
Loan subscriptions,
6,
Telegram from William G. McAdoo, secretary of the Treasury 3
expressing the hope t h a t a c t i o n on amendments t o the
Federal Reserve Act would r e s u l t favorably f o r purposes
of governmental borrowing.
H.
Copy of the J o u r n a l of the American Bankers Association
f o r May, 191y# containing a review of the proposed
amendments t o the Federal Reserve Act.
I.
Copy of the Federal Reserve B u l l e t i n f o r February, 1917,
containing explanations of the proposed amendments t o t h e
Federal Reserve Act.
Copy of a proposed amendment t o s e v e r a l sections of the
Federal Reserve A c t , introduced i n the Senate on May 9„
1917.
K.
Copy of the Federal Reserve Act as amended up t o
September 7* 1916.
L.
L e t t e r from Paul Warburg, of the Federal Reserve Board,
discussing t h e a n t i c i p a t e d e f f e c t s of impending payments
f o r L i b e r t y Loan bonds upon the Federal Reserve banks and
s t r e s s i n g the need f o r increasing reserve requirements,
as would r e s u l t from t h e proposed amendments t o t h e F e d e r a l
Reserve A c t .
M.
Balance sheet, prepared by the Comptroller of the C u r r e n c y ,
showing the condition of the n a t i o n a l banks.
No
S t a t i s t i c s showing the number of various types o f business
concerns i n the United S t a t e s .
0.
L e t t e r s purporting i n many cases t o be describing the
poor operation of t h e e x i s t i n g system o f check c o l l e c t i o n ,
i n c l u d i n g l e t t e r s from bankers transmitted by t h e F e d e r a l
Reserve Board and l e t t e r s from business concerns sent by
the Comptroller of t h e Currency.
P.
Statements of Federal Reserve o f f i c i a l s and the Comptroller
of the Currency, concerning the e f f e c t of exchange charges
on the banks and the a t t i t u d e of bankers i n 1916 toward
the check c o l l e c t i o n system.
Box 104
Several l e t t e r s of protest
vs* t h e Hardwick amendments
2*
Several l e t t e r s i n favor of reinstatement of the
Hardwick amendments
3*
L e t t e r t o Glass i n f a v o r o f e s t a b l i s h m e n t o f a
f o r e i g n exchange bureau i n t h e F e d e r a l Reserve
System*
Glass t o KcLane T i l t o n r e g a r d i n g K i t c h e n amendments *
5*
P i t s Henry t o Glass r e g a r d i n g i n s u r a n c e o f d e p o s i t s
f o r non-member banks* 23 March 1918•
6*
Glass t o S c h e f f y r e g a r d i n g Hardwick amendment *
7*
Glass t o George Moore r e g a r d i n g Hardwick amendment«
8*
Sabath t o Glass r e g a r d i n g Bardwiek amendment,
9*
Glass t o ^regoe r e g a r d i n g Hardwick amendment«
10.
i l a s s t o Campbell r e g a r d i n g Hardwick amendment.
11c
Glass a l s o opposed K i t c h e n amendment i n t h e House*
I t was t h e House v e r s i o n o f t h e Hardwick amendment
i n t h e Senate*
12o
George Seay t o Glass r e g a r d i n g K i t c h e n amendment,
13*
P i e r r e Jay t o Glass r e g a r d i n g t h e a d v e r t i s i n g o f
t h e F e d e r a l Reserve System*
Ik*
L e t t e r s f r o m v a r i o u s sources p r o t e s t i n g t h e h i g h
c o s t o f l i v i n g and demands f o r r e l i e f p o u r i n g i n
f i r s t h a l f o f 1917*
15*
A n a l y s i s o f a b i l l t o c o o r d i n a t e * u n i f y and c o n s o l i d a t e
t h e f i n a n c i a l system o f t h e TJ» S . * 6 January 1917»
16*
Glass t o Tumulty r e g a r d i n g t h e h e l p o f t h e n a t i o n a l
A s s o c i a t i o n o f C r e d i t Men, 20 June 1917*
17-
Glass t o F e r n l e y * 20 January 1917- r e g a r d i n g Hardwick
amendment«
Ail
Box 104
(Page 2)
18.
Glass t o A i k e n o f t h e F e d e r a l Reserve Bank o f
Boston on amendment t o t h e F e d e r a l Reserve A n t .
19.
Jay t o Glass r e g a r d i n g par c o l l e c t i o n
20.
Perron t o Glass r e g a r d i n g par c o l l e c t i o n
21.
Qrr of JSstional A s s o c i a t i o n o f C r e d i t Men t o p r e s s u r e
s e n a t o r s on E a r d v l c k B i l l .
22.
Glass t o C. L . Cobb, e x p r e s s i n g o p p o s i t i o n t o
domestic
(?)
23.
Glass t o B u r t o n , 27 September 1917, r e g a r d i n g
c o l l a t e r a l f o r F e d e r a l Reserve n o t e s ,
24.
E. P. M i l l e r o f Lynchburg, t o Glass r e g a r d i n g t h e
need f o r $1.00 b i l l s ,
25.
Glass t o Congressman C o r n h l l l r e g a r d i n g t h e keeping
o f government s e c u r i t i e s a t p a r .
fight.
fight.
BOX K o
iUZ
Correspondence on personal and l e g i s l a t i v e matters (1923-1930)
A.
Walter W y a t t , General Counsel f o r the F e d e r a l Reserve
Board.
1 . L e t t e r s and data concerning t h e l e g a l aspects of
the par clearance of checks.
B.
Governor John Garland P o l l a r d
C.
Do
1.
Correspondence w i t h John Garland P o l l a r d w h i l e he
was a dean a t W i l l i a m and Mary C o l l e g e , c o n c e r n i n g
t h e p o s s i b i l i t y of obtaining a p o s i t i o n w i t h t h e
F e d e r a l Trade Commission*
2.
Correspondence during the gubernatorial campaign of
1925, r e l a t i n g t o c e r t a i n charges t h a t Mr. Glass had
f a l l e n under the influence o f t h e p o l i t i c a l machine i n
Virginia.
3.
Correspondence w i t h John Garland P o l l a r d d u r i n g t h e
period i n 1929, of h i s candidacy f o r t h e g o v e r n o r s h i p
of V i r g i n i a .
4.
Copy of a l e t t e r from Mr. Glass t o the President on
December 10, 1925, suggesting t h a t John Garland
P o l l a r d be appointed t o the Federal Trade Commission*
The Secretary t o t h e President i n f o r m s Mr. Glass t h a t
the President w i l l w r i t e him personally.
Yorktown Mine Depot Explosives
1.
Copy of a b i l l introduced i n the Senate on January 2 7 ,
1928, by Mr. G l a s s , d e l a y i n g a c t i o n on t h e movement
by the Wavy of c e r t a i n explosives from t h e i r storage
place near Baltimore, Maryland, t o Yorktown, V i r g i n i a ,
2.
Correspondence c o n c e r n i n g o b j e c t i o n s t o t h e movement
of explosives i n t o the 1 ' o r f o l k - P o r t s m o u t h area*
3.
Copy of a case heard before the United States C i r c u i t
Court of Appeals i n v o l v i n g property owners i n Yorktowr,
and the o f f i c i a l s o f the Haval establishment t h e r e .
Correspondence concerning t h e book. Adventure i n C o n a t r i i c t i v ;
Finance by Mr-. Glass.
"
""
1.
Copy of a l e t t e r from Mr, Glass t o B a r r y P r i s e , reporter
f o r a Washington, D.C, newspaper, i n q u i r i n g as t o hl»
knowledge o f the connection of Colonel E. M» House w i t h
the Federal Reserve Act.
Box 105
(Page 2}
2.
L e t t e r fro® David Lawrence, r e p o r t e r f o r another
Washington newspaper, t o Us** Olass, g i v i n g M s
r e c o l l e c t i o n o f t h e events o f 1913* i n v o l v i n g
Colonel House w i t h Currency l e g i s l a t i o n ,
3.
Typewritten copy of a p a r t of the manuscript prepared
by Mr. Olass while he was working on his book,
"Adventure i n Constructive Finance."
\
4.
Copies of two l e t t e r s , made by hand w i t h a pen, one
o f which i s from Colonel House t o P r e s i d e n t Wilson
and t h e o t h e r of which seems of the same n a t u r e ,
a l t h o u g h i t i s unsigned and no s a l u t a t i o n i s given,.
B o t h l e t t e r s d e a l w i t h c u r r e n c y m a t t e r s and one s t a t e s
t h a t , during a t a l k , f i r . g l a s s a d m i t t e d t o a complete
l a c k of knowledge about currency matters.
5.
Correspondence w i t h s e v e r a l men, i n c l u d i n g Ray
Stannard Baker, Charles S. Hamlin, and A r t h u r W. Page,
who had read portions of the manuscript f o r the book
by Mr. Glass.
6.
L e t t e r from Royal Meeker t o President Wilson dated
October 14, 1912, concerning the ideas put f o r t h by
I r v i n g Fisher about the gold content of the d o l l a r .
7.
L e t t e r from Mrs. Woodrow Wilson on A p r i l 15, 1926,
accompanying four l e t t e r s from President Wilson t o
Colonel louse.
i
j
E.
L i s t of delegates t o a conference i n May, 1930, a t D a l l a s ,
Texas.
F.
Correspondence r e l a t i n g t o a Job f o r Mrs. Sadie L, Hamner.
G.
Correspondence
Mr.
R. Haarrtri icsl,e smanaging
itor
of the V i r g i n i a w
n -i tPhi l o
t , Winder
concerning
which i te dwas
d©sired"THaFW7~SHis w r i t e . .
H.
Considerable correspondence between Mr. Glass and Doubleday,
Page, and Company p u b l i s h e r s about the p r e p a r a t i o n , d i s t r i b u t i o n , e t c . of the book, Adventure i n Constructive Finance.,
{KZmfKaSSSSSSXXiar**
1.
L e t t e r s regarding c r ^ i c l s m o f Mr. Glass 1 book by
Samuel Untermyer and the claims of Untermyer and
Senator Robert L . Owe.i to c r e d i t f o r formulating the
Federal Reserve Act. I t was decided not t o d i g n i f y
Mr. Untermyer w i t h a r e f u t a t i o n of his claims. Owen's
work i n connection w i t h the law was considered n e g l i g i b l e ?
but nothing was t o be p r i n t e d a g a i n s t him.
?
Boa. 105
2.
(Page 3)
S e v e r a l l e t t e r s mention tfee defense o f C o l o n e l S.
N. House by A r t h u r D. Howden S m i t h .
Correspondence r e l a t i n g t o t h e reappointment o f John J ,
Each t o t h e I n t e r s t a t e Commerce Commission. The r e v e r s a l
o f a d e c i s i o n by t h e ICC i n t h e Lake Cargo Coel case i s
one o f t h e main p o i n t s d i s c u s s e d i n c o n n e c t i o n w i t h
Senate c o n f i r m a t i o n o f Mr* Esch.
Box 218
Correspondence 19X7-18,
A l p h a b e t i c a l I j arranged p e r s o n a l c o r r e s pondence* d e a l i n g g e n e r a l l y w i t h f i n a n c i a l matters*?
t h e Lynchburg lews and Advance* r e q u e s t s f o r
and i n v i t a t i o n s *
favors^
Included are l e t t e r t o a i d from
P r o f e s s o r S t o c k t o n A r s o n , W a i t e r 1* Addison* B a r n a r d
Baruch* John A* Choloner^ M»
Glass 9 J r *
Duerson and C a r t e r
L e t t e r t o Ann Glass r e g a r d i n g M s
appointment as S e c r e t a r y o f T r e a s u r y *
Also included
i s a l e t t e r t o E. D. H u l b e r t d e n y i n g t h a t fee ( G l a s s )
opposed t h e F e d e r a l Reserve A c t *
2J(*
Correspondence on l e g i s l a t i o n
{1917)*
A* Misscelaneous correspondence r e g a r d i n g m a t t e r s o f
l e g i s l a t i v e concern a t t h e t i m e *
1*
Mr» Glass c i t e s t h e probable u n c o n s t i t u t i o n a l i t y o f
o m i t t i n g a c l a u s e from t h a t s e c t i o n o f t h e f e d e r a l
Reserve A c t e n a b l i n g n a t i o n a l banks t o c a r r y o u t
f i d u c i a r y functions»
2*
Mr« Glass answers a qisery by s t a t i n g t h a t l i b e r t y
bonds i n t h e possession o f a bank cannot be cons i d e r e d a c r e d i t a g a i n s t c a p i t a l and s u r p l u s f o r
t a x purposes•
3*
S e v e r a l l e t t e r s e x p r e s s i n g d e s i r e t o have t h e law
amended* so t h a t n a t i o n a l banks would n o t have t o pay
t a x e s on L i b e r t y Bonds *
Pamphlet by t h e U n i t e d Real E s t a t e Owners A s s o c i a t i o n *
opposing a proposed revenue b i l l *
5*
L e t t e r from a f e r t i l i s e r m a n u f a c t u r e r * s t a t i n g t h a t
a stamp t a x on checks would be undesirable®
6*
Correspondence between Mr* G l a s s t W i l l i a m G» McAdoo,,
S e c r e t a r y o f t h e Treasury* John S k e l t o n W i l l i a m s ,
C o m p t r o l l e r o f t h e Currency* and O l i v e r J . Sands 9
Chairman o f t h e V i r g i n i a Bankers A s s o c i a t i o n ^ c o n c e r n i n g
c e r t a i n p r o p o s a l s f o r l e g i s l a t i o n made by Mr* Sands*
7*
L e t t e r from R e p r e s e n t a t i v e John H* Small* f a v o r i n g
t h e d i s c o n t i n u a n c e o f t h e n e c e s s i t y f o r member banks
o f t h e F e d e r a l Reserve System t o pay a stamp t a x on
o b l i g a t i o n s secured by L i b e r t y Bonds« Mr* Glass
concurs*
8»
L e t t e r from a Roanoke* V i r g i n i a * banker on A p r i l 15*
1918* r e q u e s t i n g t o be informed when Congress accepts
a pending measure^ a l l o w i n g t h e f r e a s u r y Department
t o p l a c e r e c e i p t s from income and excess p r o f i t s t a x e s
w i t h government d e p o s i t a r i e s , ,
9*
L e t t e r t o t h e e d i t o r o f t h e Boston ^ a n s c r i f f t * showing
the u n c o n s t i t u t i o n a l i t y of t W ^ f ^ ^ ^ ^ T T ^ r e l a t i n g
t o t h e coinage o f s i l v e r * sent t o Mr* Glass by t h e
w r i t e r * James G. Mallock*
-880
Box 107
(Page 2)
10.
I n response t o a l e t t e r from O l i v e r J* Sands*
c o n c e r n i n g a b i l l t o prevent n a t i o n a l banks from
c h a r g i n g u s u r i o u s r a t e s o f I n t e r e s t * Mr* Glass
s t a t e s t h a t he would l i k e t o see n a t i o n a l banks
charge i n t e r e s t r a t e s t h a t would correspond i n
d i r e c t i o n o f movement t o t h e r e d i s c o u n t r a t e s e t by
t h e F e d e r a l Reserve System*
11*
L e t t e r o f September 1* 193*7* from John ¥» .Farwe 11 *
a s k i n g t h a t t h e proposed excess p r o f i t s t a x be made
e f f e c t i v e o n l y a f t e r e i g h t p e r c e n t had been earned
on i n v e s t e d c a p i t a l *
12*
L e t t e r from a h o t e l o p e r a t o r i n Georgia* p r o p o s i n g
t h a t t h e government i s s u e t r e a s u r y notes i n g r e a t e r
volume and t h a t these notes be made l e g a l t e n d e r f o r
a l l debts*
13*
Answers by Mr* Glass t o q u e s t i o n s c o n c e r n i n g issuance
o f greenbacks i n 1917* t h e d i f f i c u l t y o f o b t a i n i n g
loans through the Farm Loan System* and t h e prevalence
o f b i a s i n banking laws*
Ik.
L e t t e r from a Lynchburg* Y i r g i n i a * banker on February
23* 1918* d e s c r i b i n g c e r t a i n t r a n s a c t i o n s between h i s
bank and t h e f e d e r a l Reserve Bank a t Richmond* which
he d i d n o t f e e l should be s u b j e c t t o t a x a t i o n *
15-
L e t t e r of A p r i l 18* 1918* from R* L. Van Zandt*
governor of the D a l l a s F e d e r a l Reserve Bank* s u g g e s t i n g
changes i n the proposed amendments t o t h e F e d e r a l
Reserve Act* Mr* Glass accepts t h e s u g g e s t i o n s * b u t
f e a r s t h a t i t i s t o o l a t e t o have them i n c l u d e d i n
the pending measure*
16«
L e t t e r s from s p e c i a l i n t e r e s t groups, opposing t h e
exaction of taxes on excess p r o f i t s * draw an
unencouraglng answer frc® Sir. Glass.
IT.
Mr. Qlass expresses a p p r o v a l o f t h e i d e a s , presented
by John V. F a r w e l l i n an attempt t o analyze the e f f e c t s
of the proposed excess p r o f i t s t a x .
18.
Copy of a pamphlet concerning the proper r o l e of the
government i n dealing w i t h suppliers of war m a t e r i a l s ,
19.
L e t t e r s r e l a t i n g t o the plans f o r acquiring revenue
f o r the government, including ideas on the t a x a t i o n o f
excess p r o f i t s . Much of the correspondence i s w i t h
those who have s p e c i a l i n t e r e s t s which they d e s i r e t o
p r o t e c t . The a n t i c i p a t e d r e s u l t of the imposition o f
the proposed taxes i s the f a i l u r e o f many concerns.
oJ*
SSS^12X
3)
20*
Correspondence c o n c e r n i n g e x t e n d i n g t h e r i g & t
v o t e t o women*
21*
L a t t e r f r o m t h e Corn Exchange n a t i o n a l Bank., f a v o r i n g
t h e g r a n t i n g o f p e r m i s s i o n t o n a t i o n a l banks t o
e s t a b l i s h for&nofaaau
22 •
Copy o f t h e C o n g r e s s i o n a l ^Record f o r J u l y 219 1917 v
23*
L e t t e r from a lew %ork lawyer
f u n c t i o n s o f n a t i o n a l banks *
2k*
P e t i t i o n s u r g i n g Mr* Glass t o v o t e I n f a v o r
e x t e n d i n g tine r i g h t t o v o t e t o women «
tc
concerning t r u s t e e
of
Box 108
Correspondence on l e g i s l a t i o n
0-Q
(1917)
A* Correspondence r e l a t i n g t o m a t t e r s of l e g i s l a t i v e
d u r i n g 1917 and 1918.
1*
concern
Correspondence r e g a r d i n g a b i l l t o r e q u i r e . n e w
c o r p o r a t i o n s and c o r p o r a t i o n s b e i n g refinanced! t o
s e e w e a l i c e n s e from a government agency.
Mote from W i l l i a m G* MeAdoo* S e c r e t a r y o f the
T r e m u r j , accompanying a War Finance B i l l backed by
Mr, McAdoo»
3*
L e t t e r o f February 27* 1918, from Thomas B* Mc Adams,
s u g g e s t i n g t h a t a p r o p o s a l t o l i m i t bank d e p o s i t s t o
t a n t i m e s t h e c a p i t a l and s u r p l u s accounts o f t h e bank
would be umtise and g i v i n g s e v e r a l reasons f o r
d o u b t i n g t h e wisdom o f t h e measure*
4a
Correspondence from an Arkansas banker* who f a v o r e d
t h e guarantee o f bank d e p o s i t s and defended John
S k e l t o n W i l l i a m s * C o m p t r o l l e r o f t h e C u r r e n c y , who
had proposed t h e p l a n *
5*
L e t t e r from Thomas B« McAdams on March 2* 1913*
e x p r e s s i n g f e a r t h a t c e r t a i n proposed changes would
cause some n a t i o n a l banks t o g i v e up t h e i r c h a r t e r s *
6.
Telegram from W i l l i a m a* McAdoo, S e c r e t a r y o f t h e
t r e a s u r y * t o Mr* £Jlass on A p r i l 17* 1918* recommending
t h a t t h e Fitman b i l l be passed and s u g g e s t i n g t h a t Mr*
Glass g e t t h e t h i n k i n g o f Treasury o f f i c i a l s from
Assistant Secretary L e f f l n g w e l l *
7*
L e t t e r o f December 14, 1917, i n which Mr* Glass s t a t e s
t h a t he opposes expanding t h e l i s t o f paper e l i g i b l e
f o r r e d i s c o u n t purposes t o i n c l u d e such t h i n g s as
r a i l r o a d bonds and t h a t he does n o t b e l i e v e t h a t
.Congress w i l l do a n y t h i n g t o " i m p a i r t h e commercial
c h a r a c t e r o f t h e F e d e r a l Reserve System,"
8*
L e t t e r from an Alabama banker on February
1918*
s u g g e s t i n g an a d d i t i o n t o a proposed amendment t o t h a t
p a r t o f t h e F e d e r a l Reserve Act r e l a t i n g t o t h e c a p i t a l
r e q u i r e d f o r a bank t o become a member of the F e d e r a l
Reserve System.
9.
Box 106
9*
(Page 2 )
L e t t e r o f A p r i l 15, 1918, from a Lynchburg,
V i r g i n i a , banker,, a s k i n g t h a t the Sub-T?eaaury
system be discontinued.
10*
L e t t e r o f March 12, 1918, e x p r e s s i n g f a v o r w i t h ihs*
McFadden b i l l , which would enable* business concerns
t o pay t a x e s over a p e r i o d o f t i m e , i n s t e a d o f a l l
a t once.
11.
L a t t e r from an i n s u r a n c e company on August 2 6 , 1918.'.
opposing t h e e n t r y i n t o t h e i n s u r a n c e f i e l d by t h e
government»
12.
Mr. aiasa responds t o a l e t t e r from Representative
A l b e r t Johnson on A p r i l 2?» 1918, t o say t h a t he does
not f e e l t h a t any c o n t r o v e r s i a l i s s u e s r e l a t i n g t o
banking should be considered during a war period.
13.
Correspondence during March, 1918, w i t h E. D. H u l b e r t ,
who opposed t h e g r a n t i n g o f p e r m i s s i o n f o r banks t o
e s t a b l i s h branches.
14.
Correspondence w i t h A. B a r t o n Hepburn d u r i n g February,
1918, about a b i l l having t o do w i t h e l i g i b l e paper*
15.
Uote fro® t h e A s s i s t a n t t r e a s u r y S e c r e t a r y , r e l a t i n g
t o a l e t t e r t o Mr. Glass from A. Barton Hepburn on
August 16, I 9 1 7 , suggesting t h a t taxes be made
payable before the month i n which t h e y f e l l due.
16.
Mr. Glass responds n e g a t i v e l y t o a q u e s t i o n from
Representative F . E. Guernsey, a member of the Banking
iind Currency Committee, as t o whether m u t u a l savings
banks could become members of the Federal Reserve System*
1?.
Mr. Glass r e j e c t s a scheme f o r t h e i s s u e o f c u r r e n c y
presented by a Kansas lawyer.
18.
L e t t e r complaining of the i n e q u i t y of the proposed
provision of an excess p r o f i t s tax b i l l , whereby
taxes would be l e v i e d on t h e b a s i s o f pre-war e a r n i n g s .
19.
Correspondence w i t h John M. M i l l e r , president of a
Richmond, V i r g i n i a , bank, concerning the p o s s i b i l i t y
of a last-minute attempt t o r a i s e the discount r a t e
f o r taxes paid prematurely from three t o four percent.
20.
L e t t e r from a Richmond bank, suggesting t h a t the terms
of the next issue of Treasury c e r t i f i c a t e s be published
as e a r l y as possible, so t h a t the banks can make
p l a n s on the basis of t h e i r present holdings.
!
I!
Box
102
(Page 3)
21.
Statement o f a p p r o v a l from t h e Merchants A s s o c i a t i o n
o f lew York f o r b i l l s r e l a t i n g t o branch banking,
t h e e x e r c i s e o f t r u s t f u n c t i o n s by n a t i o n a l banks,
and t h e i s s u e o f F e d e r a l Reserve notes i n g i v e n
denominations.
22.
L e t t e r s t a t i n g t h a t t h e i m p o r t d u t i e s t o be exacted
under t h e proposed War Revenue b i l l would be q u i t e
u n f a i r i n sot® cases•
23.
L e t t e r from a Connecticut c o n t r a c t o r , f a v o r i n g the
amendment t o the Federal Reserve A c t , proposed by
Senator C a l d e r , and e x p r e s s i n g t h e hope t h a t sanehow s t a t e banks might be a t t r a c t e d i n t o the Federal
Reserve System i n greater numbers.
24.
L e t t e r from Senator Robert L . Owen on February 19,
1918, asking t h a t Mr. Qlass study c r i t i c a l l y a b i l l
t o e s t a b l i s h a Federal Reserve bank i n a f o r e i g n
country.
25.
Correspondence w i t h Edmund P i a t t , a member of the
House Banking and Currency Committee, concerning
a proposed tax on bank checks.
26.
L e t t e r from an o f f i c i a l of the American Bankers
Association, expressing a d e s i r e t h a t the shortage
o f supply of b i l l s of small denominations be
remedied by appropriate l e g i s l a t i o n .
27.
i;
L e t t e r from Mr. Qlass s u p p o r t i n g t h e move t o r e p e a l
the stamp tax on short term notes given i n payment
of l i b e r t y bonds.
28.
Correspondence concerning what t o do w i t h the l d l *
supply of s i l v e r i n the hands of the government.
1 M U M *
M i s c e l l a n e o u s Correspondence* 1913 - 191?*
f i l l s box i s devoted p r e d o m i n a n t l y t o t h r e e g e n e r a l
t y p e s o f correspondence * t h e r e a r e l e t t e r s from bankers*,
businessmen and o t h e r s g i v i n g t h e i r views on c e r t a i n
proposed amendments t o t h e I n d e r a l Reserve Act which t h e
Committee on Banking and Currency i n t h e House was
s t u d y i n g i n 193.7* The o t h e r types i n c l u d e m&ny l e t t e r s
from v a r i o u s people a s k i n g Glaaa t o use h i s i n f l u e n c e i n
g e t t i n g c e r t a i n p o s i t i o n s or appointments t o Jobs f o r
s p e c i f i c i n d i v i d u a l s * F i n a l l y t h e r e are l e t t e r s * r e l a t i v e l y
unimportant,*of a v e r y p e r s o n a l n a t u r e *
' A more d e t a i l e d l i s t f o l l o w s s
L e t t e r , from McAdoo t o Glass accompanied by copy o f
McAdoo$s "statement b e f o r e Senate Committee i n which he
'asks--'for an a s s i s t a n t t o t h e S e c r e t a r y o f t r e a s u r y ^
F e b r u a r y 12, 1917*
2*
L e t t e r from an o f f i c e r o f t h e S e a t t l e n a t i o n a l Bank t o
John S t W i l l i a m s * C o m p t r o l l e r o f Currency (1917) i n
w h i c h t h e w r i t e r e x p l a i n s i n some d e t a i l t h e p r a c t i c a l
shortcomings o f t h e F e d e r a l Reserve SyHem i B B i s " "
d i s t r i c t because o f g r e a t d i s t a n c e from t h e San F r a n c i c e o
Reserve bank and l a c k o f a branch i n t h e S e a t t l e area*
3*
L e t t e r f r o ® G* J . Seay o f t h e Richmond F e d e r a l Reserve
Bank i n which he p r e s e n t s arguments, to. Glass f a v o r i n g
a proposed- amendment t o t h e F e d e r a l Reserve A c t which
"would p e r m i t t h e i s s u e o f F e d e r a l Reserve n o t e s a g a i n s t
paper and g o l d * t h e minimum p r o p o r t i o n o f g o l d b e i n g #0
p e r c e n t , and t h i s r e s e r v e when on d e p o s i t w i t h t h e
Agent11 t o be counted as a p a r t o f t h e r e s e r v e o f t h e
bank*
(1917),
*
•
Many l e t t e r s a s k i n g p e r s o n a l f a v o r s o f Mr* Glass such as
r e q u e s t s ' f o r h i s h e l p i n g e t t i n g c e r t a i n p o s i t i o n s or
Jobs', f o r v a r i o u s people* A l s o l e t t e r s a s k i n g h i s o p i n i o n
on c e r t a i n s u b j e c t s and l e t t e r s o f a v e r y p e r s o n a l n a t u r e
from,friends *
5*
Cancelled checks* bank statement* r e c e i p t s and b i l l s
v a r i o u s concerns,
6*
Correspondence t o Glass from t h e manager of t h e U n i t e d
Loan and T r u s t Co* o f Ijynonburg, f o r example, one l e t t e r
]
i n g him o f h i s e l e c t i o n t o t h e Board o f D i r e c t o r s «
from
Si"
Box 109
(Page 2 )
7.
Copy o f a l a t t e r sent by Qlass t o an e x e c u t i v e o f t h e
In
N a t i o n a l Shoe Wholesalers A s s o c i a t i o n ( 1 9 1 7 ) .
i t Qlass suggests t h a t the A s s o c i a t i o n appeal t o i t s
members t o send protests t o t h e i r Congressmen so t h a t
the proposed " K i t c h l n b i l l " would be defeated. The
b i l l would r e s t o r e the "old system of charges" on
c o l l e c t i n g checks. Qlass notes t h a t country bankers
are f l o o d i n g Congressmen w i t h l e t t e r s i n favor of the
b i l l and some counteracting l e t t e r s a r e needed. A r e p l y
t o the Qlass l e t t e r and copies of protests are attached»
8.
Cppy o f a l e t t e r from a banker i n which he goes a g a i n s t
the m a j o r i t y of h i s profession and p r o t e s t s , instead of
encouraging the proposed " K i t c h i n b i l l . "
(See #7 above)
(1917)»
9.
Copy of a l e t t e r from a n a t i o n a l bank p r o t e s t i n g t h e
K i t c h i n b i l l and a l s o strongly advocating t h e compulsory
i n c l u s i o n of a l l banks i n t o t h e F e d e r a l Reserve System.
10.
Copy of recommendations of the Federal Advisory Council
regarding amendments t o the Federal Reserve System.
(1917).
11.
L e t t e r from W.F.Q. Harding t o Qlass i n which Harding
expresses i n d e t a i l h i s thoughts regarding the issue and
keeping i n c i r c u l a t i o n o f large amounts of Federal
Reserve notes and the proper type of s e c u r i t y which should
be; h e l d by the Reserve Banks. Sane members of the House
Banking Committee were e v i d e n t l y d i s a t i s f l e d w i t h c e r t a i n
practices of the Federal Reserve Banks and Harding i s
explaining h i s p o s i t i o n . ( 1 9 1 7 ) .
12.
L e t t e r from a Chicago banker g i v i n g h i s ideas regarding
c e r t a i n sections of H.R. 20045,(1917. L e t t e r i s addressed
t o Qlass.
13.
Several l e t t e r s t o Qlass asking h i s influence i n g e t t i n g
c e r t a i n men appointed t o a new board which was t o be
created under the Smith-Hughes b i l l f o r Vocational
Education. ( 1 9 1 7 ) . The appointments were t o be made by
the President.
14.
L e t t e r t o Qlass (1917) advocating support of a Senate
B i l l providing f o r compulsory m i l i t a r y t r a i n i n g .
15.
L e t t e r s expressing sympathy i n the death of Qlass*
(1915).
sister,
Sox. 109
3)
16.
Copy o f "Chicago Commerce," weekly p u b l i c a t i o n ,
(Nov. 28M 1913) i n which appears a speech by ©lass
d e f e n d i n g t h e proposed F e d e r a l Reserve Act,
17.
L e t t e r from Robert L . Owen t o W.P.G. Harding, Governor
of Federal Reserve Board* i n which Owen submits an
amendment t o "the pending b i l l (Senate B i l l Mo, 8 ) " ,
(1917).
18.
Occasional correspondence between the Chairman of the
Democratic N a t i o n a l Committee and Glass.(Mostly 1916
and 1917).
19.
L e t t e r frora G. J , Seay, Governor of Richmond Federal
Reserve Bank, t o Glass i n which he expresses h i s o p i n i o n
on c e r t a i n problems concerning a projected loan by t h e
government of about f i v e b i l l i o n d o l l a r s ,
(1917).
20.
Speech by Glass i n the House of Representatives e n t i t l e d
"American Rights on the Seas." (March 8 , 1916.)
21.
Speech of Paul M* Warburg a t the dinner of the Economic
Club of Mew York. (May 2 2 , 1916).
22.
L e t t e r from C. S* Haialin, Governor of Federal Reserve
Board, t o Glass enclosing copies of proposed amendments
t o sections 13 and 16 of the Federal Reserve Act. (1916).
23*
Some correspondence over a proposed amendment t o Section
5197 of the Revised Statutes of the U. S. r e g u l a t i n g
the r a t e of i n t e r e s t which may be charged by n a t i o n a l
banking associations and t o r a i s e revenue.
24.
L e t t e r fro® President of the N a t i o n a l C i t y Bank of New
York expressing h i s opinion on proposed amendments t o
the Federal Reserve Act. (1917)* S i m i l a r l e t t e r s from
presidents of Chase N a t i o n a l Bank and Continental and
Commercial N a t i o n a l Bank of Chicago. E v i d e n t l y Glass
had w r i t t e n and requested t h e i r opinions.
BggJLlO
L e t t e r s on miscellaneous
matters
including
e n l i s t m e n t s * t h e o b t a i n i n g o f commissions^
and r e l a t i v e m a t t e r s from f r i e n d s and
n e i g h b o r s o f Glass•
Comment:
This
box c o n t a i n s n o t h i n g r e l a t i v e
t o t h e F e d e r a l Reserve System w o r t h n o t i c i n g ,
Box 111
Correspondence w i t h the War Department during 1917,
A.
M i s c e l l a n e o u s correspondence on b e h a l f o f
c o n s t i t u e n t s , c o n c e r n i n g t h e performance o f
military duties.
Bo
Correspondence c o n c e r n i n g war r i s k
Copy o f the Mar Risk Insurance Act.
insurance.
Box 112
Correapondence w i t h the War Department d u r i n g
1917 (W - Z)
M i s c e l l a n e o u s correspondence and d a t a
r e l a t i n g t o v a r i o u s types of M i l i t a r y
service,
p a r t i c u l a r l y r e f e r r i n g t o methods of becoming
a commissioned o f f i c e r .
Box 113
Departmental correspondence i n 1917.
A,
M i s c e l l a n e o u s correspondence
1.
L e t t e r from a D e t r o i t b a n k e r , forwarded t o
M r . Glass by Representative Frank E. Doremus,
i n which the suggestion i s made t h a t t h e
F e d e r a l Reserve Act m i g h t be amended so as
t o p e r m i t s t a t e banks, w h i c h c a r r y on
savings o p e r a t i o n s , as w e l l as commercial
b u s i n e s s , t o e n t e r t h e F e d e r a l Reserve System.
2.
L e t t e r s c o n c e r n i n g a p p l i c a t i o n f o r and payment
o f pensions.
3«
Numerous r e q u e s t s f o r seeds.
Box 114
T h i s box c o n t a i n s l i t t l e o t h e r t h a n
l e t t e r s r e l a t i n g t o seeds and m i s c e l l a n e o u s
m a t t e r s o f s m a l l importance,,
on t h e F e d e r a l Reserve System.
Yery
little
Box 115
Correspondence c o n c e r n i n g p o s i t i o n s
A.
(1917)
Correspondence r e g a r d i n g Jobs f o r
certain
constituents.
1.
R e f u s a l s on t h e p a r t o f Mr. Glass t o
suggest t h e employment o f anyone by
t h e F e d e r a l Reserve System.
2.
Correspondence w i t h John S k e l t o n W i l l i a m s *
Comptroller of the Currency, concerning
a d i s s a t i s f i e d employee.
-z&r
>3/
Box 116
ThIs box r e l a t e s almost e n t i r e l y
t o appointments f o r government jobs or f o r
premotions, t r a n s f e r s and recommendations *
C o n t a i n s n o t h i n g on t h e F e d e r a l Reserve System.
Box 11?
f i l l s box r e l a t e s almost
entirely
t o a p p l i c a n t s f o r government Jobs o r f o r
p r o m o t i o n s * t r a n s f e r s * and recommendations*
etc.
Contains n o t h i n g r e g a r d i n g t h e F e d e r a l
Reserve System.
>33
Box 118
Correspondence c o n c e r n i n g t h e Post O f f i c e
Department
(1917}.
A.
M i s c e l l a n e o u s correspondence r e l a t i n g
the postal service.
to
Box 119
Correspondence
(1919 - 1921)
A,
L e t t e r from Mr, Glass t o W«P,G. H a r d i n g , governor
c f t h e F e d e r a l Reserve System, on November 5 ,
1919, s u g g e s t i n g t h a t s o l e r e l i a n c e n o t be p l a c e d
i n changing t h e d i s c o u n t r a t e i n t h e r e g u l a t i o n
of stock speculation.
B.
Numerous r e q u e s t s f o r Mr. Glass t o p l a c e t h e
name o f a correspondent on h i s l i s t t o r e c e i v e
t h e Congressional Record, a f t e r Glass r e p l a c e d
Senator M a r t i n a
C.
Correspondence r e g a r d i n g t h e e n t r y o f t h e U n i t e d
S t a t e s i n t o t h e ?«ague o f N a t i o n s .
D.
B o o k l e t s about t h e League o f Nations,,
E«
L e t t e r s r e q u e s t i n g t h a t N r . Glass s u p p o r t a b i l l
whereby t h e government would I n c r e a s e i t s a i d
t o home economics s t u d e n t s .
Box 120
L a t t e r from 01ass t o McAdams r e g a r d i n g
work on amendments t o F e d e r a l Reserve A c t $
1 1 September 1918*
Comments
T h i s box c o n t a i n s m o s t l y p e r s o n a l
m a t t e r s such as b i l l s * r e c e i p t s * e t c *
but
n o t h i n g on t h e F e d e r a l Reserve System except
t h e one i t e m mentioned above*
Box. 121
Correspondence w i t h the- Army Department
A.
(1917)
L e t t e r s r e l a t i n g 1-o m i l i t a r y m a t t e r s ,
e s p e c i a l l y t h e a t t e m p t s t o assure
c e r t a i n constituents of
considered d e s i r a b l e .
positions
a-3*7
BC2C 122
1»
'2*
3«
d i s s s t o Bowers r e g a r d i n g I n t e r e s t r a t e s on
T r t m m r y bonds * 6 l a r c h 1918*
01ass t o Brand r e g a r d i n g t h e views o f Mr. W i l l i a m s
021 paper e l i g i b l e f o r r e d i s c o u n t *
totter
t o Qlms from A.B*A» r e g a r d i n g t h e
l e g a l i s i n g o f trad® acceptances* 15 J u l y 1918*
W*
B a t t l e t o @lass r e g a r d i n g
l i b e r t y bonds®
f>«
stabilising
S l a s s t o C u c u l l u r e g a r d i n g d i s p o s i t i o n o f t h e sub*t r e a s u r i e s ^ 16 A p r i l 1918*
Cessment?
I n a d d i t i o n t o t h e f o r e g o i n g t h i s box
contains l e t t e r s regarding! food administration?
c l a i m s f o r r e l i e f 1 r e q u e s t s f o r a s s i s t a n c e o f many
kinds1 requests f o r l i t e r a t u r e of a l l s o r t s 1
requests f o r help i n g e t t i n g Federal p o s i t i o n a l
r e q u e s t f o r t h e support o f l e g i s l a t i o n * such as
woman s u f f r a g e ? l e t t e r s o f c o m p l a i n t a g a i n s t
S e c r e t a r y Baker}
r e q u e s t s f o r t r a n s f e r s from
Army t o Havyi l e t t e r s r e g a r d i n g t r a n s p o r t a t i o n
problems*
Box 123
General correspondence d u r i n g 1917
A.
(X>~G)
M i s c e l l a n e o u s correspondence d e a l i n g w i t h problems
p e r t i n e n t a t the t i m e .
1»
Agreement by Mr. Qlass t o p a r t i c i p a t e i n
a c t i v i t i e s t o be held i n honor o f Samuel Gompers.
B.
Data on t h e proposed A m e r i c a n - H e l l e n i c Commercial
Corporation, a j o i n t stock company.
Co
L e t t e r from John V. F a r w e l l t o Mr. Qlass on July
2 4 , 1918, enclosing a copy of an a r t i c l e by Mr.
F a r w e l l i n the Chicago D a l l y Tribune, requesting
t h a t Mr. Qlass oppose a pending revenue b i l l , i f
he agrees w i t h the c r i t i c i s m s expressed.
D.
L e t t e r from Mr. Qlass on March 2 1 , 1918, t o
Representative ¥ . J . F i e l d s , expressing t h e opinion
t h a t Congress w i l l not accept a b i l l i n s u r i n g bank
deposits.
£.
L e t t e r from the Hew York Clearing House on February
2 1 , 1918, asking t h a t Section 13 of the Federal Reserve
Act be amended, so t h a t member banks would not have
t o pay a t a x on advances made by the Federal Reserve
System on the basis of promisory notes.
F.
L e t t e r of June 2 1 , 1917s from Mr. Qlass t o a Lynchburg
V i r g i n i a , lawyer, discussing governmental r e g u l a t i o n
of p r i c e f i x i n g i n the c o a l I n d u s t r y .
Q.
L e t t e r from H. B. Powell, s t a t i n g t h a t an attempt was
being made by the Hew York Federal Reserve Bank t o
gain c o n t r o l of the import and export of g o l d , thereby
n u l l i f y i n g the Federal Reserve Act»
>31
B Q3E 124
1»
L e t t e r s f r o ® v a r i o u s persons r e l a t i v e t o appointments
t o many t y p e s o f p o s i t i o n s ,
2.
Many r e q u e s t s f o r speeches, e s p i e s o f h e a r i n g s and
the l i k e ,
3.
L e t t e r f r o m Glass t o W i l l i a m s and one t o C u c u l l u
r e g a r d i n g bank l o a n s t o i t s own d i r e c t o r s .
4.
L e t t e r f r o m David L a b i a t o Glass r e g a r d i n g farm
c r e d i t l e g i s l a t i o n * 27 Hovember 1917*
5„
L e t t e r f r o m Glass t o D a v i d J , Lewis r e g a r d i n g
I r v i n g F i s h e r and t h e g o l d standard®
6*
From d i s s s t o M o r r i s Cohen r e g a r d i n g a c o r r e c t copy
o f t h e n a t i o n a l Bank A c t *
7*
From Glass t o Hamlin r e g a r d i n g speech fey Senator
Edward Holden on t h e F e d e r a l Reserve System,
8*
P r i n c e t o n Bank and f r u s t Company t o Glass r e g a r d i n g
s e c t i o n 22 o f t h e F e d e r a l Reserve A c t and l o a n s t o
bank o f f i c e r s .
9.
Memorandum o f R. L . Henry* chairman o f t h e House
Committee on Rules r e g a r d i n g s e c u r i t y a f f i l i a t e s
o f t h e F i r s t n a t i o n a l Bank and t h e N a t i o n a l C i t y
Bank o f Mew York C i t y .
Comments %
T h i s box c o n t a i n s * besides the &Lo\e
jet*verj
r e g a r d i n g -mm j o b s and t r a n s f e r s f r o m o l d Jol
prebi^&B
o f p e n s i o n e r * ^ r e q u e s t s f o r seeds
govs*-raȣist
i n v i t a t i o n s t o make a d d r e s s e s ; r e q u e s t s f o r t h e views o f
Senator Glass on pending l e g i s l a t i o n ;
p o l i t i c a l appointments ? p l e a s f o r a s s i s t * ^ 3 0 ircm persons s e e k i n g p r o m o t i o n s
t o barter salary p o s i t i o n s ; l e t t e r s regarding the f i l l i n g
of v a c a n c i e s w i t h t h e rjfchfc p e o p l e | c l a i m s * i t h persons
against various depart&Tits*
Boa ,125,,
General correspondence d u r i n g 1917
A*
(Mc-Q)
Miscellaneous correspondence concerning problems
p e r t i n e n t a t t h e time*
1«
L e t t e r from Mr. Glass t o W i l l i a m Go McAdoo»
a s k i n g t h a t he not i n t e r f e r e i n t h e d i s m i s s a l
o f a member o f t h e Land Bank Board*
2*
L e t t e r s between Mr* Glass and Thomas B* McAdams*
r e g a r d i n g amendments t o t h e s e c t i o n o f t h e
F e d e r a l Reserve Act l i m i t i n g bank loans t o a
percentage o f c a p i t a l and s u r p l u s * and s u g g e s t i n g
t h a t member bank i n t e r e s t r a t e s be made t o
correspond more c l o s e l y t o t h e F e d e r a l Reserve
discount rate•
Note from W i l l i a m G. McAdoo* S e c r e t a r y o f t h e
Treasury 5 on March 28* 1918, a s k i n g Mr* Glass t o
a i d i n t h e passing o f a b i l l , r e l a t i n g t o t h e
War Emergency Fund*
L e t t e r from W. 6* McAdoo*, s u g g e s t i n g t h a t t h e
n a t i o n a l Bank Act be amended so as t o lower t a x e s
i n c o n n e c t i o n w i t h l i b e r t y bonds and Treasury
certificates»
Copies o f l e t t e r s from W* 6* McAdoo and Mr* Glass^
a i d i n g t h e campaign o f Ralph W* Moss* a member o f
t h e Banking and G u r r e n o j Committee** f o r r e - e l e c t i o n
t o t h e House®
6*
Suggested amendment by L o u i s P» McFadden* a member
o f t h e House'Banking and Currency Committee # on
March 12^ 1918* p e r m i t t i n g member banks 9 s i t u a t e d
c l o s e t o r e s e r v e c i t i e s or c e n t r a l r e s e r v e c i t i e s ,
t o choose between s e v e r a l l e v e l s o f r e s e r v e s t o be
m a i n t a i n e d a t t h e F e d e r a l Reserve banks»
7*
L e t t e r from Mr* Glass t o W, M« McCormick^ p r e s i d e n t
o f t h e B a l t i m o r e Commercial Bank* s t a t i n g t h a t
work on changing t h e r e q u i r e m e n t s f o r e n t r a n c e by
s t a t e banks i n t o t h e F e d e r a l Reserve System continued*
Box
244
(Page 2 )
8*
L e t t e r from A. C. M i l l e r , of the F e d e r a l Reserve
Board i n Washington* B. C„ , c o n g r a t u l a t i n g Mr.,
Qlass on t h e passing of t h e War Finance Corporation
bill.
9*
Copy o f t h e N a t i o n a l C i t y Bank L e t t e r f o r February.,
10.
L e t t e r from V i c t o r Morawetz on J u l y 5 , 1918,
accompanying several of h i s a r t i c l e s , p a r t i c u l a r l y
concerning l a b o r problems and the form i n which
t a x e s should be e x t r a c t e d .
11.
Correspondence preparatory t o the e l e c t i o n of 1918 e
12.
L e t t e r of October 2 , 1917* from a r e p r e s e n t a t i v e
o f the American Bankers Associations, s t a t i n g t h a t
banks would have t o bear the costs involved i n
i s s u i n g n a t i o n a l bank notes of smaller denominations
than those c i r c u l a t i n g a t the t i m e * Senator Robert
L . Owen answers t h a t the b i l l , which i s being
' c r i t i c i z e d , has a l r e a d y been passed, and Mr. Qlass
responds s i m i l a r l y .
13«
Correspondence during J u l y , 1918, between Mr. Qlass
and Robert L . Owen, regarding e a r l i e r attempts t o
c o n t a c t each other«
14.
L e t t e r from W. M. McCormick, president of the
Baltimore Ceaaaercial Bank, on October 19, 1917,
s t a t i n g t h a t i t i s l i k e l y t h a t three of the l a r g e s t
Maryland banks w i l l soon ask f o r admission t o the
Federal Reserve System0
15«
Correspondence w i t h John P e r r i n , Federal Reserve
Agent of the San Francisco bank, during J u l y , 1917,
concerning the f a i l u r e t o amend the Federal Reserve
A c t , so as t o enable branch banks t o maintain a
supply of unissued Federal Reserve notes.
16.
Hp. Qlass, i n responding t o a request t o speak i n
b e h a l f o f l i b e r t y loans$ states on June 2 0 , 1917,
t h a t he has been too busy working on Federal Reserve
l e g i s l a t i o n t o accept such engagements.
1918.
M L M 1
(Page 3}
27*
tetter* o f March 13* 19284 from H e r b e r t Quick* a
member o f t h e Faro Loan Board* denying statements
by a Mr* BmIcxq** concerning t h e p a r t p l a y e d by
F r o f e s s o r S c o t t * o f t h e U n i v e r s i t y o f Wisconsin,,
i n t h e d r a f t i n g o f t h e F e d e r a l Reserve Aet*
18«
L a t t a r from a n - o f f i c i a l o f t h e R i v e r s i d e n a t i o n a l
Bank on October 10* 1917* t o t h e e d i t o r o f t i m
g q m a e r c i a l and F i n a n c i a l C h r o n i c l e ^ d i s c u s s i n g t h e
proEISS^
securities
market*
29-
Correspondence with R e p r e s e n t a t i v e M i c h a e l F*
Fhelan d u r i n g J u l y * 1918* concerning a t t e m p t s t o
g e t t h e Fhelan b i l l , , which d e a l t w i t h denominations
o f F e d e r a l Reserve n o t e s * t h r o u g h t h e Senate a
20*
C o r r e s p o n d e n t between t h e Richmond f e d e r a l Reserve
Bank and a Xynohburg* Y i r g i n i a * bank c o n c e r n i n g t h e
f a i l u r e o f t h e a u t h o r i t i e s t o p e r m i t a u r p l u s funds
t o count In d e t e r m i n i n g c o l l a t e r a l r e q u i r e m e n t s
f o r r e d l s c o u n t i n g purposes«
21®
L e t t e r from Mr* Slaas t o M i c h a e l F* Fhelan on
September 29* 1928* r e g a r d i n g an amendment t o t h e
n a t i o n a l Bank A c t * w h i c h would enable banks t o use
t h e i r funds f o r c e r t a i n e d u c a t i o n a l purposes*
Box 126
letter
f r o m Sydney R o t h s c h i l d to SI ass, IS
December 1918,,. r e g a r d i n g t h e effectiveness& o?
the f e d e r a l Advisory Council,
Diseases a
p l a n f o r a re&edy*
t o S h e f f e y * 19 J u l y 1917* r e g a r d i n g
i n t e r e s t r a t e s on c a l l money and t h e F e d e r a l
Reserve,
Commentt
T h i s box,, a s i d e from t h e two above i t e m s t!,
i s o f t h e u s u a l s o r t ? r e q u e s t a f o r h e l p i n many
s i t u a t i o n s and problems o f c o n s t i t u e n t s and some
p e r s o n a l problems o f Mr, Glass*
Bear. 127
G e n e r a l correspondence d u r i n g 193.7
A«
(T~Z)
M i s c e l l a n e o u s correspondence on m a t t e r s o f importance
at the time,
1,
Correspondence w i t h t h e N a t i o n a l A s s o c i a t i o n o f
C r e d i t Men c o n g r a t u l a t i n g them upon w o r k i n g f o r
defeat o f the Hardwick amendment.* which would
hm® enabled banks t o charge exchange f o r c l e a r i n g
checks.
2.
L e t t e r o f May 31* 1917* from R« H. Treraain,
Deputy Governor of the Federal Reserve Bank of lew
York 9 accompanying a copy o f a speech by L» H»
Hendricks$ c o n s i d e r e d r e l e v a n t t o t h e problems
c r e a t e d by the Hardwick amendment•
3,
A l e t t e r frost the Farm Mortgage Association of
America on March 5 , 1918, d e a l i n g l a r g e l y w i t h
a g r i c u l t u r a l f i n a n c i n g and s u g g e s t i n g t h a t paper
a r i s i n g from other than commercial transactions
be made e l i g i b l e f o r rediscount. Mr. Glass answers
t h a t investment s e c u r i t i e s should not be i n c l u d e d
among e l i g i b l e paper•
4.
L e t t e r from J * H? Trego© s s e c r e t a r y o f t h e n a t i o n a l
A s s o c i a t i o n o f C r e d i t Men* an A p r i l 5 , 1918,
accompanying a copy o f a statement t o t h e S e c r e t a r y
o f the Treasury* s u g g e s t i n g t h a t some way be found
t o l i g h t e n t h e t a x burden m m a n u f a c t u r e r s . Mr®
Qlass responds t h a t he has asked t h e Treasury
Department t o permit t h e payment o f t a x e s over a
period o f t i m e , r a t h e r than a l l a t once.
5-
L e t t e r f r o ® Joseph P* Tumulty, S e c r e t a r y t o t h e
P r e s i d e n t , on January 2 4 , 1918, a s k i n g t h a t Mr.
Qlass accept an i n v i t a t i o n t o make a speech which
Mr. Wilson would be unable t o make.
6.
Note f r o ® Joseph P. Tumulty on June 2 8 , 1918,
s t a t i n g t h a t a l e t t e r from Mr. Qlass* a p p a r e n t l y
d e a l i n g w i t h H„ Parker W i l l i s , lias been presented
t o t h e Presidents
7.
Copy of resolutions adopted by t h e n a t i o n a l Associ a t i o n of Credit Men, concerning the usefulness of
the trade acceptance, t h e outstanding character of
Federal Reserve o f f i c i a l s , p a r t i c u l a r l y Paul M„
Warburg, and the number of s t a t e banks which had
become members of the F e d e r a l Reserve System*
Bos 127
(I-'age 2}
8*
C o r r e s p o n d e n t w i t h a Roano&e* V i r g i n i a * banker.,
r e g a r d i n g f a i l u r e t o get cheeks o l e & r e d p r o p e r l y .
9*
X*etter o f February
1918. from t h e governor o f
t h e D a l l a s f e d e r a l Reserve Bank t o Mr. Glass*
t e l l i n g o f t h e adverse e f f e c t * upon t h e program
t o convince s t a t e banks t o ccsse i n t o •the F e d e r a l
Reserve System # o f a statement toy Mr* Glass t h a t
c e r t a i n F e d e r a l Reserve o f f i c i a l s were g r a f t e r s .
10*
Vote from John S k e l t o n W i l l i a m s * C o m p t r o l l e r o f
t h e Currency* on October 12* 191?# s u g g e s t i n g
t h a t something be done t o b r i n g t o a h a l t t h e
unnecessary d e c l i n e o f p r i c e s on the stoafe market
t h e r e b y p r o t e c t i n g debtors« P r e v e n t i o n o f t h e
s h o r t s e l l i n g o f s e c u r i t i e s i s mentioned.
11*
Correspondence w i t h the C o m p t r o l l e r o f the
r e g a r d i n g loans t o bank d i r e c t o r a «
12•
l e t t e r o f Marcfe 1 , 1918$ t o Paul I L Warburg, conc e r n i n g t h e problems o f p e r m i t t i n g notes o f t h e
War Finance ' C o r p o r a t i o n t o . b e bought and s o l d by
t h e F e d e r a l Reserve Banks on t h e open m a r k e t ,
13*
L e t t e r t o t h e e d i t o r o f the
on
February 8 # 1918, r e f u t i n g the c l a i m fey Senator
G i l b e r t M* H i t c h c o c k t h a t the F e d e r a l Reserve Aet
was l a r g e l y t h e r e s u l t o f h i s own l a b o r s and d i f f e r e d
c o n s i d e r a b l y from t h e b i l l supported by Mr* Glass*
14*
totter
f r o m W i l l i a m 0* Ward on October
1917*
. s t a t i n g t h a t s e v e r a l o f the reasons f o r the
Guarantee Irumc Co^pa&y j o i n i n g t h e F s J & r a l Reserve
System yore t o
ajvartcpr e v^* opportunity
t o r e d l & o o u n t **ape* said so &elve*- vlmlx p o s i t i o n
i n i n t e r n a t i o n a l finance*
15*
L e t t e r f r o r t * Parker W i l l i s * s e c r e t a r y o f the
F e d e r a l Reserve Boards t o Mr* a i a s s ^ e n c l o s i n g copies
o f aT»adaei*t5 t o t h e f e d e r a l Reserve Act t o be
p r o o f r e a d by Mr. Glass and a l s o i n c l u d i n g s e v e r a l
oossmittee r e p o r t s .
16 »
Correspondence d u r i n g 1918* r e g a r d i n g t h e p o s s i b l e
• f f e e t e o f t l i t gmmmrmit
t a k i n g over the r a i l r o a d s .
Currenay,,
Box
249
(Page 2)
17 e
Lengthy, handwritten l e t t e r t o H r . Glass from B.
barker W i l l i s on J u l y 28., 191S, a p p r i s i n g Mr.
Glass o f t h e s t a t u s o f the v a r i o u s members of the
F e d e r a l Reserve Board* a© t o a v a i l a b i l i t y t o c a r r y
on t h e i r functions and s e t t i n g f o r t h I l l s own p l a n s
f o r terminating h i s work as secretary of the Board.
A m a j o r i t y of the Board members were e i t h e r out of
town, too busy w i t h other d u t i e s , or leaving t h e i r
p o s i t i o n s e n t i r e l y . No work was b e i n g accomplished
and few plans could be made u n t i l Congress, then
i n session but not w i l l i n g t o consider any important
l e g i s l a t i v e m a t t e r s , asad© appointments which would
f i l l the vacancies on the Board, Mr. W i l l i s sees
the period as the end of the i n i t i a l stage of
t h e h i s t o r y of the F e d e r a l Reserve System, He plans
t o continue h i s association w i t h the System, but i n
an a d v i s o r y capacity front Hew Tork e
18.
Personal l e t t e r t o Mr. Glass fro© H. Parker W i l l i s
on June 25# 1918, n o t i n g the r e s i g n a t i o n of M r ,
Delano and asking t h a t s i r . Glass suggest t o the
President t h a t Mr, W i l l i s t e apnointed t o '<-he
vacant p o s i t i o n on t h e F e d e r a l Reserve Board, i f
t h i s a c t i o n were considered o s p x r V b l e by Mr. Glass«
W i l l i s s t a t e s t h a t h i s reset ur **or making r« oh a
suggestion i s t o insure t h a t a per*oa who understands the problems of t h e Board i s appointed t o
t h e p o s i t i o n . B& says t h a t he w i l l take no other
a c t i o n on t h i s proposition.
19»
Copy of a l e t t e r w r i t t e n by H r , Glass on June 27*
191°, t o Woodrow Wilson, reoensaending t h a t H. Parker
W i l l i s be appointed t o the Federal Reserve Board i n
place of Hr* Delano, and g i v i n g M s q u a l i f i c a t i o n s
f o r the Job,
20,
L e t t e r t o Mr, Glass from £L Parker W i l l i s on August
21* 19183 expressing i n t e r e s t i n a l e t t e r sent t o
him by Mr. Glass and s t a t i n g t h a t he hoped t o l e a r n
t h a t m favorable decision had been issde i n t h e
matter,
21,
Correspondence and pamphlets dated i n 1918 9 regarding
p r i o r i t y i n production o f goods,
22,
Telegram fro® F . K. Wynoott, of Portsmouth, Virginia,,,
s t a t i n g s i m p l y t h a t McAdoo should succeed Wilson,
23 o
Teleg^a® fro?
Glass t o Paul K. Marburgj, undated^
s a y i i % ir* par 'c "&ra deeply disappointed a t t u r n of
events «' ' i c r ^s t o bs deplored. W i l l writ® when
1 get „cyi ijt? ess,,''
Box 128
1
L e t t e r d a t e d 18 February 1918* from Hamlin t o Glass
r e g a r d i n g G l a s s 1 r e p l y t o Senator Chamberlain *
2
A f o l d e r o f l e t t e r s r e l a t i n g , t o t h e c o n t r o v e r s y w i t h Jokes-.
I n c l u d e s many l e t t e r s o f g r a t i t u d e t o Glass- -for his.
addreas i n -.which he responded t o Xck-e&1 i n s u l t s fco hita.
3
'.Many l e t t e r s -to Glass .from people a c r o s s t h e l a n d f o r
h i a c a s t i g a t i o n o f "'Senator:. ^Chasberlaln of Oregon f o r h i s
• a t t a c k on t h e a d m i n i s t r a t i o n
condiict. o f " t h e
(1918)
k
L e t t e r s b f q cn$r a t u l a t i o n e t o Glass' o*>- h i s speech o f 7
F e b r u a r y 1918*
5
.Comaiunicatlon- .froni Di\. John-.De 'LaMet^r -of" t h e F e d e r a l
•Reserve B u l l e t i n ,
L e t t e r o f 23 'February"1918'.
6
Memo, 6 - F e b r u a r y X918, from t h e War ''Department r e g a r d i n g
machine guns.
7
L e t t e r from Hamlin o f " t h e Board c o n g r a t u l a t i n g Glass on
hi® address;.
'
8
Letter., o f - E l i z a b e t h Baker (Mrs. ! i e k p r n t t * Baker} t o Glass
r e g a r d i n g ..his defense .of t h e War 'I)&p$rtmknt,
9
L e t t e r ; f^om. S e c r e i a r y , . . I a n s l n g t o .Glass'' c o n g r a t u l a t i n g him
on h i s speech i n . d e f e n s e o f t h e War"JDefrartmeht, Mo d a t e .
10
!
Copy o f a- message " from' -Secretary'' Glatfs>.-1'9. pec'eaber 1918,
t o American Embassy* P a r i s ^ f o r ' the-- ! Presideirt,'
11
Memo,- 2-7 August 1938 f
12
L e t t e r frors. Glass t o Mrs, Banister-,• 6" September 1938 7
r e g a r d i n g . Ickes;,and o t h e r s ,
13
. C l i p p i n g from Hugh J - o h m m 1 a coluibn* A u g u s t 30, 1938,
regarding Ickes*
;
Glass r e g a r d i n g Xekes,
Glass ' t o Ickes.,, 9 September 1937 *
15
Frank..A. Dougherty t o G l a s s , a v e r y good l e t t e r on t h e
16.
Paper, .no • address> from: R o c h e s t e r , ,3'' August 1938, t o Glass
from unknown-.
1?,
• L e t t e r -of '.Glass, 7 September 1938* t o Hugh Johnson,
Coiament; There a r e many o t h e r ' l e t t e r s ' i n t h i s box* . m o s t l y
- - d o h g r a t u i a t i o n s t o Glass f o r hi.g • a t t a c k ; on Senator* Chamber'lalD
Box 129
Answers t o c o n g r a t u l a t o r y messages 021 besoming
S e c r e t a r y o f t h e Treasury (1918-19)»
A.
Motes from Mr. Qlass, answering congratulatory
messages from many persons upon h i s appointment
as S e c r e t a r y o f t h e Treasury, i n c l u d i n g notes t o
P i e r r e J a y , George J« Seay* B r , S e l i g a a n , S o l
Wexler, John Sharpe W i l l i a m s ,
John V. Farwell*
than,
Caldwell Hardy,
Bernard Banish,
who was l a t e r t o become Secretary of the
Treasury,
Joseph P. Tumulty,
V.P.O. Mar-ding s
W» tf„ Flannagan,
Festus J* Wade,
Theodore 1 . Burton,
Williamsr
A. C. M i l l e r ,
Lefflngwell,
J . Ho Tregoe,
Reynolds
D., Hulbert
John S k e l t o n
A, B., Hepburn,
C. S. Hamlin9
Benjamin S t r o n g s
George
Paul M« Warburg,
William M. Mart i n g. A, D. Meyea*
R. C.
O l i v e r J . Sands,
Jouett S&ousa,
Charles W* Fowler,
A . D. Welton and Royal Meeker.
Henry Morgen-
Robert L» 0»en,
Thomas B, McAdams
-552
mJM
Correspondence during 1919
A*
2*
I&-B)
M i s c e l l a n e o u s correspondence some o f which i n v o l v e s
m a t t e r s o f concern t o t h e T r e a s u r y Department,
1.
L e t t e r o f S c e n b e r 3 , 1919 > t o Mr. K. C. Adams,,
expressing the opinion t h a t Congress would not
pass l e g i s l a t i o n leadxng to the maintenance
of an infce-nacional commoditj index a t a constant
lev®!*
2.
I n answer t o a l e t t e r of A « « i l 1* 1919, Mr.
Glass s t a t e s t h a t more Treasury c e r t i f i c a t e s w i l l
fee i s s u e d and probably exchanged f c r government
bonds, but t h a t he can make no estimate as t o
the r a t e of t a x a t i o n w i t h i n the immediate f u t u r e .
3.
L e t t e r from A l f r e d Q. A l l e n , a C i n c i n n a t i lawyer,
on January 11, 1919$ r e f u s i n g the o p p o r t u n i t y t o
become A s s i s t a n t S e c r e t a r y of t h e T r e a s u r y , and
s u g g e s t i n g t h a t Robert Be Bult&ey or Walter W.
Warwick, Comptroller of the Treasury., would be
capable of handling the Job,
Copy of a pamphlet on f i n a n c i a l m a t t e r s * "The
Busy B ' s - Bankruptcy and Banking
T a l e g r w from a r e p r e s e n t a t i v e o f the American
Acceptance Counoil, asking Mr. Olaas t o w r i t e a
statement i n favor of t h e use of trade and bank
acceptances.
6.
Correspondence w i t h the American Bankers Association
during 1919, i n which Mr. Glass. refuses an i n v i t a t i o n
t o apeak t o a con/entlcn of the group.
7.
L e t t e r o f December 10, 1918, fro® I r v i n g F i s h e r ,
asking t h a t Mr, Qlass preside a t a meeting of the
American Economic Association i s answered
n e g a t i v e l y by Mr. Qlass. Dr. Fisher suggests
t h a t Mr. Qlass address himself t o the problems of
"reconstructing monetary standards."
Box 130
B.
(Fag© 2)
8.
Numerous o f f e r s f o r speaking engagements, most
o f which are declined by Mr. Glass.
9.
Correspondence between t h e American N a t i o n a l Bank
o f S a i n t Paul, Minnesota, and Mr. L e f f i n g w e l l ,
Assistant Secretary of the Treasury, concerning
the deposit of government funds.
10.
R i v i t a t i o n from General Douglas McArthur, superintendent of the United States M i l i t a r y Academy,
t o attend the 1919 Army-Navy f o o t b a l l game.
11.
I n a l e t t e r t o Robert Glass, Mr. Glass s t a t e s t h a t ,
" f o r personal reasons I would not be w i l l i n g t o
ask any favor of Mr. Strong" (Benjamin Strong,
Governor of t h e New York F e d e r a l Reserve Bank.)
12.
Plans by Federal Reserve o f f i c i a l s f o r a v i s i t
by Secretary Glass t o A t l a n t a , Georgia.
13.
Correspondence c o n c e r n i n g Mrs. J&naia Ayres Skinner,
who wanted a Job e i t h e r a t the F e d e r a l Reserve
B o a r d , or w i t h t h e ®?easury Department.
Correspondence between the Treasury Department and the
American Mission a t P a r i s .
1.
Agreement by the American M i s s i o n w i t h t h e Treasury
Department t h a t the United States should not borrow
i n f o r e i g n countries f o r t h e purpose o f s t a b i l i s i n g
t h e d o l l a r or r a i s i n g the value of the d o l l a r i n
f o r e i g n countries and g i v i n g s e v e r a l reasons f o r
the opinion.
2.
A r t i c l e on "The F i n a n c i a l S i t u a t i o n i n Germany,"
w i t h s i m i l a r analysis f o r Spain and England.
3-
R e j e c t i o n by the treasury Department of a plan
proposed by B r i t a i n ' s Loyd George f o r f i n a n c i a l
a i d t o Europe
4.
Suggestion by ;the American M i s s i o n t h a t appeal
should be made t o t h e 'Federal Reserve Board t o
cooperate with! Belgium i n supplying gold or s e c u r i t i e s
t o a i d German recovery.
Box 249 (Page 3 )
fj.
Reports d e a l i n g w i t h f i n a n c i a l problems
brought about by t h e c o n c l u s i o n o f t h e war,
Correspondence w i t h American Legion o r g a n i z a t i o n s 4
r e g a r d i n g t h e punishment o f enemies o f t h e U n i t e d
s t a t e s , who r e s i d e w i t h i n t h e c o u n t r y .
fSiscel laneous correspondence
L e t t e r a t t a c k i n g Frank A. vanderH.o, whom i t
i s feared
be appointed t o
t t e pltsoco f F r e d e r i c k A, Delano on the F e d e r a l Kes&rve
Board.
Correspondence BA-BR
(193-9)
A. Correspondence from Roger Babson* D i r e c t o r o f t h e
I n f o r m a t i o n and E d u c a t i o n S e r v i c e o f t h e Labor Department*
and c r i t i c i s m s s e n t t o Mr. Glass about Mr, Babson f s
s t a t i s t i c a l data.
B. Correspondence
with
C* Correspondence
relating to invitations
lewton
D. Baker*
S e c r e t a r y
o f
Mar,
to speak i n
B a l t i m o r e ,
D. L e t t e r from Frank
Bennetts s t a t i n g t h a t the country
mould g a i n by h a v i n g Mr. Ulass accept an appointment t o
t h e F e d e r a l Reserve Board * w h i c h i t m.% rumored t h a t the
P r e s i d e n t had o f f e r e d .
E. M i s c e l l a n e o u s
correspondence«
1j
Correspondence r e l a t i n g t o s e v e r a l speaking engagement
which Mr * Olase n i g h t accept* i n c l u d i n g l e t t e r s t o
. s e v e r a l Congressmen*
2.
L e t t e r t o C a l v i n Collidge-* Governor o f Massachusetts
c o n c e r n i n g a proposed speaking engagement In Boston-
3-
S e v e r a l p i c t u r e s o f Mr. Glass d u r i n g ceremonies a t t h e
l a y i n g of a cornerstone.
Copy o f a b o o k l e t p u b l i s h e d i n memory o f a f o r m e r
Congressman* S t a n l e y E« Boodle*
5.
Correspondence r e g a r d i n g v i c t o r y l o a n campaigns.
F* M i s c e l l a n e o u s
1,
correspondence,
L e t t e r o f A p r i l 14* 1919., from .Dwlght Bramaru c l a i m i n g
t h a t h i s work p r i o r t o 1913 had been t o some degree
r e s p o n s i b l e f o r t h e e x i s t e n c e o f t h e f e d e r a l Reserve
System and r e c a l l i n g t h a t he had appeared b e f o r e t h e
House Banking arid Currency SomiTdttee when Charles HFowler was chairman,
BoxJt^J;
2)
2„
Correspondence r e g a r d i n g t h e c o n d i t i o n o f Senator
M a r t i n and t h e p o s s i b i l i t y t h a t B a r r y St.George
Tucker m i g h t be a p p o i n t e d t o succeed Mm*
3.
Copy o f r e v i s i o n s i n income t a x forms were s e n t t o
t h e T r e a s u r y Department f o r an o p i n i o n on t h e i r
legality,
K*
Correspondence w i t h John K e r r Branch c o n c e r n i n g
a c t i v i t i e s connected w i t h l i b e r t y bonds* i n c r e a s e s i n
t a x e s , and bonds o f f o r e i g n governments endorsed by
t h e U* 3» Government«
5.
Correspondence, c o n c e r n i n g l i b e r t y l o a n campaigns.
6.
Mr Glass responds t o a l e t t e r c o m p l a i n i n g about t h e
h i g h c o s t o f livS.Bg by a s k i n g what c o n t r o l t h e government
m i g h t escert*
7*
Memorandum from W* S. Broughton a t t h e Treasury D e p a r t ment*: c o n c e r n i n g t h e p a r t p l a y e d by t h e f e d e r a l Reserve
System i n l i b e r t y bond s u b s c r i p t i o n s .
8.
L e t t e r t o M r . Cllass from General John J* P e r s h i n g *
Cotsmartder-in-Chief o f t h e American E x p e d i t i o n a r y Forces,:
on May 17* 19X9* r e p o r t i n g f a v o r a b l e a c t i o n 011 r e q u e s t s
f o r r e l e a s e o f t h e Army o f f i c e r s s t a t i o n e d i n France.
9*
E x p r e s s i o n o f a p p r e c i a t i o n by Mr. Glass f o r t h e o f f e r
by a S t * L o u i s p u b l i s h e r t o g i v e e x t r a p u b l i c i t y t o
I V e a s u r y p o l i c i e s * whenever such an e f f o r t was needed,
10.
H a n d w r i t t e n n o t e t o S e c r e t a r y Glass from W i l l i a m
Jennings Bryan 5 s u g g e s t i n g t h a t John S k e l t o n W i l l i a m s *
whose s work as C o m p t r o l l e r o f t h e Currency tie p r a i s e s
h i g h l y , would be t h e b e s t p o s s i b l e person t o become
Secretary of the Treasury.
11.
L e t t e r from W i l l i a m Jennings Bryan on F e b r u a r y 15* 1919*
s u g g e s t i n g t h a t ex-servicemen s h o u l d be good salesmen
f o r l i b e r t y bonds* i f t h e y were encouraged by t h e
T r e a s u r y Department t o engage a c t i v e l y i n t h e s a l e s
campaign,.
Box 132
T h i s box c o n t a i n s n o t h i n g on t h e F e d e r a l Reserve*
The papers t h e r e i n r e l a t e t o t
1,
Appointments t o Annapolis»
2*
T r a n s f e r s sought hj men In the
service*
A p p l i c a t i o n s f o r h e l p In s e c u r i n g a p p o i n t m e n t s .
4*
Many 3.etters r e g a r d i n g appointments
A n n a p o l i s from and t o Olaea*
to
Correspondence BR-CO
(1919)
Av Miscellaneous correspondenc e (BU BY)
1.
Proposal from t h e D i v i s i o n o f Loans and Currency o f the
Treasury Department t h a t t h e government begin p r e p a r a t i o n
o f a budget tabic h would be adequate t o determine
a p p r o p r i a t i ons*
2*
Correspondence concerning l i b e r t y loan©* i n c l u d i n g a
n o t e from J , P. t u m u l t y * S e c r e t a r y o f t h e Pr&sifienfe.
3.
L e t t e r from E* 8* B^rke*
p r a i s i n g Mr. Cllasa f o r
h i s Morlc a t t h e ' f t e a s u r y Deportment and i n c o n n e c t i o n
w i t h the e s t a b l i s h m e n t o f the F e d e r a l Reserve System.
Correspondence w i t h John Burke* Treasurer o f t h e U . S . ,
c o n c e r n i n g c e r t a i n u n d e s i r a b l e a c t i v i t i e s by t h e
I n t e r n a t i o n a l Bank o f Washington* which was making use
o f Mr, Burke*s name.
B+
C*
5.
Memorandum from John Burke r e g a r d i n g an appointment t o
t h e a s s i s t a n t t r e a s u r e r s h i p o f t h e U . S * , accompanied
by a n o t e from R. C, l e f f l n g w e l l ,
6.
Copy o f t h e F i r s t Annual Report o f t h e Mar Finance
C o r p o r a t i o n * sent o f January 23* 1919* from t h e f e d e r a l
Reserve Board,
Miscellaneous correspondence (A-CE)
1,
Correspondence c o n c e r n i n g v i c t o r y
2,
Correspondence w i t h R e p r e s e n t a t i v e J o u e t t Shouse*
c o n c o i r i n g t h e gr s i "
t o f h a v i n g Treasury o f f i c i a l s
propose pz on^ui. i
11
ease o f t h e Coast Guard *
3,
Telegram from C, D, C a r t e r on November 27* 1919*
e x p r e s s i n g t h e hope t h a t the problem o f p l a c i n g a branch
r e s e r v e bank a t Oklahoma C i t y would Boon be s e t t l e d .
4*
Copy o f a l e t t e r i n which Dudley Gates o f t h e Bureau o f
Mar R i s k Insurance upholds t h e d e c i s i o n t o r e s i g n h i s
p o s i t i o n and c r i t i c i s e s t h e o r g a n i s a t i o n o f bureau*
Memoranda and notes from George R. Cooksey o f t h e Tlreasury
Departments concerning war r i s k i n s u r a n c e , l i b e r t y loans $
and t h e s a l e o f government bo M e t o cover revenue inadeqiiaci e
among other
B.
loans.
things,
Miscellaneous correspondence (CH-CQ)
1-
Correspondence concerning l i b e r t y
loans.
Box 13^
1.
S p e c i a l a r t i c l e prepared f o r Glass f o r Josephus
D a n i e l s f o r p u b l i c a t i o n i n t h e R a l e i g h News and
Observer *
2.
L e t t e r from DeSasaure o f t h e J a c k s o n v i l l e branch
r e g a r d i n g F e d e r a l T r u s t Companies* 23 June 1919*
3*
Paper r e f e r r i n g t o Glass 1 a r t i c l e i n t h e Saturday
Evening Post f o r 9 August 1919*
Norman Davis t o Glass r e g a r d i n g S t r o n g as a
member o f t h e Reparations Committee* 27 August 1919*
5*
L e t t e r or memo from Glass t o Delano r e g a r d i n g
a proposed a c t i o n by t h e F e d e r a l Reserve Board
concerning t h e number o f F e d e r a l Reserve Banks *
18 November 1913* Glass s t r o n g l y d i s a g r e e s w i t h
Delano and t h e Board as
t o t h e proposed a c t i o n .
Reference t o t h e Board ? s a c t i o n or motion i s
made but not a t t a c h e d t o the memo*
Corra3pon®ence DB-FI
A
(1919)
Correspondence w i t h t h e Democratic N a t i o n a l Committee.
B. M i s c e l l a n e o u s correspondence (DI-D7)
1,
Correspondence concerning v i c t o r y
loans.
2,
Correspondence *?ith John S k e l t o n W i l l i a m s * Cotaptrol3er
o f the*Currency* D a n i e l C. Roper* Coszroisaioner o f
I n t e r n a l Revenue* and o t h e r s , recommending John B.
D o o l i n f o r t h e d i r e c t o r s h i p of t h e Oklahoma C i t y
branch o f t h e f e d e r a l Reserve bank.
3,
L e t t e r from John S. Drum, o f t h e C a p i t a l Issues
Committee* on January
1919a d i s c u s s i n g t h e problem
o f ? t a t e banks* which perform savings f u n c t i o n s * b e i n g
a d m i t t e d t o membership In the F e d e r a l Reserve System1
4,
L e t t e r o f January 27* 1919* a s k i n g t h e o p i n i o n o f Mr,
d i s s s ae t o what the s t a t e s should do i n c o n n e c t i o n
w i t h banks h a v i n g c a p i t a l of l e s s t h a n $23*000*
C. Correspondence w i t h M* K. Doeraon o f t h e Lynchburg newspaper
w i t h which Mr- Glass was connected,
D. M i s c e l l a n e o u s correspondence
(E)
1.
Statement by Congressman Joe JL Eagle as t o ho» bond
t a l e s might be increased d u r i n g t h e 1919 v i c t o r y l o a n
campaigns.
2.
Correspondence concerning v i c t o r y
loans.
L e t t e r front David E l l i o t on December 9* 1918* a s k i n g
t h a t t h e t i m e l i m i t f o r c o n v e r t i n g government V s i n t o
M 1/2$ bonds be extended^ s i n c e i t was t h o u g h t by some
t h a t c o n v e r s i o n c o u l d be accomplished a t w i l l .
Mr,
31aS3 responds t h a t t h i s recommendation was made t o
Congress«
4.
Copies o f t h e monthly f i n a n c i a l l e t t e r o f t h e Farmers
and Merchants n a t i o n a l Bank o f Los Angeles^ which i s
s e v e r e l y c r i t i c i s e d by John B* E l l i o t t * customs
c o l l e c t o r f o r t h e Lea Angeles d i s t r i c t .
Box 135
(page 2)
5.
L e t t e r from M i l t o n C. E l l i o t t , e x p r e s s i n g r e g r e t t h a t
he had found i t necessary t o r e s i g n as g e n e r a l counsel
o f t h e F e d e r a l Reserve Board.
6.
L e t t e r from John B u r k e , t r e a s u r e r o f t h e Onited States*
n o t i n g w i t h f a v o r t h e s e l e c t i o n o f Mr. E l l i o t t f o r
t h e p o s i t i o n o f R e g i s t e r o f t h e "Treasury.
7.
L e t t e r from Guy Steerson, V i c e - p r e s i d e n t o f the n a t i o n a l
Bank o f Commerce i n lew Y o r k , s u g g e s t i n g t h a t the-wari n s p i r e d c o o p e r a t i o n between t h e t r e a s u r y Department
and t h e bankers should be c o n t i n u e d , p o s s i b l e t h r o u g h
t h e F e d e r a l Reserve System.
8.
Copy o f a d r a f t o f a p l a n f o r European r e l i e f ,
t o Mr. Glass f o r c o n s i d e r a t i o n by an a s s i s t a n t
submitted
secretary,
M i s c e l l a n e o u s correspondence ( F A - F I )
1.
Correspondence r e l a t i n g t o l i b e r t y
2*
Correspondence w i t h John V. F a r w e l l , who r e f u s e s
o p p o r t u n i t y t o have h i s name proposed as a replacement
f o r F . A. Delano on t h e F e d e r a l Reserve Board.
3*
L e t t e r s from Mr. F a r w e l l , s u g g e s t i n g t h a t * i n view o f
t h e l a r g e p r o f i t s b e i n g made by t e x t i l e manufacturers^
t h e T a r i f f Commission should s t u d y t h e f e a s i b i l i t y o f
p r o v i d i n g less p r o t e c t i o n f o r the i n d u s t r y * i n order
t o i n c r e a s e t h e supply o f d r y goods and lower t h e p r i c e ,
4.
Suggestion from F r e d e r i c k T» Pearney t h a t t h e government
e x p l o i t Alaskan c o a l r e s o u r c e s .
5*
Copy o f t h e form upon which F e d e r a l Reserve banks were
t o r e p o r t e a r n i n g s and d i v i d e n d s was sent t o M r . Glass
from t h e F e d e r a l Reserve Board.
6.
L e t t e r from R e p r e s e n t a t i v e S c o t t F e r r i s , e x p r e s s i n g
f a v o r w i t h t h e appointment o f J o u e t t Shouse as A s s i s t a n t
Secretary of the Treasury.
7<
newspaper a r t i c l e concerning t h e Bureau o f War R i s k
I n s u r a n c e w i t h p a r t i c u l a r r e f e r e n c e t o i t s former
d i r e c t o r , Henry D. L i n d s l e y .
8,
Correspondence w i t h S c o t t F e r r i s * r e g a r d i n g h i s a t t i t u d e
oox*c«*rnjuffi> zhe e s t a b l i s h m e n t o f a branch F e d e r a l Reserve
bml> a t GUI bona C i t y ,
loans.
Box 135
9*
(page 3)
Copy o f an e d i t o r i a l by Douglas Southa11 Freeman
i n t h e Richmond Hews Leader* b a c k i n g Mr, Glass f o r
e i t h e r t h e g o v e r n o r s h i p o f V i r g i n i a or a seat i n
t h e Senate, whichever he d e s i r e d .
10*
Correspondence w i t h I r v i n g F i a h e r , who sent copies
o f t h e f i n a l r e p o r t of t h e American Economic Associ a t i o n on t h e p u r c h a s i n g power o f money t o S e c r e t a r y
G l a s s . Mr, Glass e x p r e s s i n g w i l l i n g n e s s t o d i s c u s s
a t a . l a t e r d a t e t h e problems i n v o l v e d i n a r e a d j u s t m e n t
o f monetary standards w i t h Mr* F i s h e r •
11*
Reports* pamphlets * e t c , r e g a r d i n g c o n t i n u a t i o n o f
government Insurance*
12*
Copy o f an a r t i c l e by Mr. Glass e n t i t l e d * "The
F i n a n c i a l Tasks and D u t i e s o f Today% i n t h e May 7*
19.19, i s s u e o f t h e ¥ i c k s b u r £ ( M i s s . ) H e r a l d .
Correspondence
A,
FA~GXi
{1919)
Correspondence w i t h A. B* Farquhar c o n c e r n i n g m a t t e r s o f
economic I m p o r t and e s p e c i a l l y r e g a r d i n g war d e b t s •
Memorandum r e g a r d i n g government f i n a n c e * p r e p a r e d
f o r Charles I . M i t c h e l l .
B*
C*
Correspondence w i t h t h e F e d e r a l Reserve Board* w h i l e Mr,
Glass waa S e c r e t a r y o f t h e Treasury*
l»
L i s t o f Class C d i r e c t o r s o f j O d e r A Reserve banks*
a p p o i n t e d a t a m e e t i n g o f t h e f e d e r a l Reserve Board
on December 18* 1919*
2*
.Statement o f t h e F e d e r a l Reserve Board i n w h i c h t h e
l o c a t i o n a t Oklahoma C i t y o f a b r a n c h bank o f t h e
Kansas C i t y f e d e r a l Reserve bank i s approved..
3*
Two c o p i e s o f r e p o r t s on g e n e r a l business c o n d i t i o n s
prepared a t the
F e d e r a l Reserve Bank *
4*
A n o t e r e l a t i n g t o a c t i o n s by t h e f e d e r a l Reserve Board
and a l i s t o f t o p i c s t o be disoussed d u r i n g t h e n e x t
meetings
5«
Memorandum c o n c e r n i n g t h e volume o f government
held i n foreign countries *
6,
Memorandum c o n c e r n i n g t h e p r a c t i c e o f b u y i n g acceptances
across reserve d i s t r i c t l i n e s .
Mm York
M i s c e l l a n e o u s correspondence
securities
(FL~FY)
1*
Correspondence w i t h W« W. Flannagan * I n one o f h i s
n o t e s t o Glass* Mr*. Piaimagan expresses t h e o p i n i o n
t h a t t h e r e v e r s a l i n a t t i t u d e toward t h e F e d e r a l Reserve System on t h e p a r t o f lew York banks ma
significant,
2*
E x p l a n a t i o n o f t h e r e t i r e m e n t o f P*
Foote^ a M i s s i s s i p p i banker* from a p o s i t i o n as d i r e c t o r o f t h e
F e d e r a l Reserve bank o f h i s d i s t r i c t and p r e s e n t i n g t h e
nme o f a l o g i c a l successor*
(Pag^ £}
3«
Correspondence r e l a t i n g t o t t e F e d e r a l Farm Loan
System,
C or r e s pond enoe c o n c e r n i n g the s e l e c t i o n o f an
a p p o i n t e e t o t h e Wa^ Finance C o r p o r a t i o n
L e t t e r from P* M* Foshay on Daoeixb&i'
r e g a r d i n g tfc# i n c i d e n c e cC t a x a t i o n ,
6,
Copy o f a
f o r a meet/.ng of c e r t a i n I?ed<?rol
Eeee^re o f f i c i a l s 0x1
30, 1910, d u r i n g whict h e ylaiiB o f t h e Treasury
f c r t h e 1919
wsr s a v i n g s oavsp^ifcn
t o ba c i s c u e s e d .
M i s c e l l a n e o u s correspondence
1«
2,
8, 1919^
(Gil - I T )
Copy o f an addre^B by B l h G r t ?L Gary on Jane 23, 191
on l a b o r
L e t t e r from Edwin P, Say. D i r e c t o r c f tivs C e n t r a l
of P l a n n i n g am S t a t i s t i c s , . announeirig t h e
d i s c o n t i n u a n c e of h i s o r g a n i s a t i o n .
Bmesu
P e r s o n a l correspondence and d a t a ,
clippings,
i u e l v d i z i g newspaper
Box 137
A
B*
M i s c e l l a n e o u s correspondence
(SL 00)
1,
Copy o f H i l l 1 a g o l d e n Rule f o r J a n u a r y , 1919*
2*
L e t t e r from Samuel tempers * p r e s i d e n t o f t h $
American F e d e r a t i o n o f L a b o r , accompanying a copy
o f 3 Labor and t h e War.
3.
L e t t e r from John W. Gordon o f Gordon and Brown,
i n s u r a n c e agency l o c a t e d i n Richmond* V i r g i n i a ,
r e p r e s e n t i n g London c o n c e r n s , g i v i n g reasons f o r
f a v o r i n g c o n t i n u a t i o n o f government ownership o f the
railroads.
Mr. Gordon f a v o r s p r i v a t e o p e r a t i o n o f
t h e r a i l r o a d s * but f e e l s t h a t c o n d i t i o n s c r e a t e d
d u r i n g t h e p e r i o d o f government ownership ware so
bad as t o r e n d e r t h e r a i l r o a d s i n c a p a b l e o f c o n t i n u i n g
t o o p e r a t e w i t h o u t government guarantee o f compensation.
He a l s o f e l t t h a t t h e l a b o r e r s were t e n d i n g
t o f o r c e t h e companies towards b a n k r u p t c y and i n d i t e d
Gompers, L a F o l l e t t e , and Burger i n t h i s c o n n e c t i o n .
4<
Note from Bob Gordon, o f f i c e sergeant - a t -arms f o r t h e
House o f R e p r e s e n t a t i v e s , on December 20* 1918,
e x p r e s s i n g sorrow a t t h e d e p a r t u r e o f Mr. G l a s s , who
had agreed t o become S e c r e t a r y o f t h e T r e a s u r y .
5*
S u g g e s t i o n t h a t 3% government bonds payable on demand
be exchanged f o r 4 1 / 4 $ bonds *
M i s c e l l a n e o u s correspondence
(GR QY)
1.
L e t t e r d e s c r i b i n g f a v o r a b l e r e a c t i o n o f a group o f s t a t e
bankers i n t h e T i d e w a t e r , V i r g i n i a , area a f t e r h a v i n g
heard Mr, Glass speak about t h e v i c t o r y l o a n ,
2.
A c c u s a t i o n by A. W. Green t h a t t h e b a n k i n g i n t e r e s t s ,
w h i c h opposed t h e F e d e r a l Reserve l e g i s l a t i o n , were
now opposing t h e a t t e m p t by t h e F e d e r a l Trade Commission
t o r e g u l a t e t h e p a c k i n g i n d u s t r y , which seemed t o have
a t y p e o f monopoly.
3-
L e t t e r o f January 27* 1919* from Thomas W. G r e g o r y ,
A t t o r n e y G e n e r a l , a t t e m p t i n g t o smooth over minor
d i f f i c u l t i e s i n v o l v i n g t h e T r e a s u r y Department and
t h e A l i e n P r o p e r t y Custodian over t h e r e f u s a l o f t h e
T r e a s u r y and p a r t i c u l a r l y H. C. L e f f i n g w e l l , t o make
c e r t a i n payments«
irfetr
1J0 3
Box 137
(Page 2)
Copy o f a b o o k l e t e n t i t l e d , "Why t h e Government Should
Own t h e R a i l r o a d s * u
0*
5*
Copy o f a speech, 11 The F i n a n c i a l Outlook 1 1 , made on
December 27* 1918, by B . Howell G r i s w o l d *
6,
Correspondence r e l a t i n g t o t h e War R i s k Bureau,
7*
Correspondence concerning t h e v i c t o r y l o a n .
8.
Copy o f a House b i l l t o p r o v i d e f o r a l i b r a r y
s e r v i c e i n t h e Bureau o f Education*
9.
Copy o f a pamphlet by Samuel dois per s , p r e s i d e n t o f t h e
American F e d e r a t i o n o f Labor, e n t i t l e d * "Why tm
Peace T r e a t y Should Be R a t i f i e d , * American l a b o r :
reasons f o r s u p p o r t i n g t h e League o f Mations covehant
w i t h i t s labor provisions*"
9,
L e t t e r o f i n t r o d u c t i o n f o r W. D* G u e r i n from Senator
At l e a Pomerene* Mr* Guerin was a Cleveland* Ohio,,
b a n k e r , who wished, t o t a l k over s e v e r a l t h i n g s w i t h
Mr* Glass,
Miscellaneous correspondence
1•
Information,
(HO-HY)
B o o k l e t showing t h e method by which t h e budget f o r
t h e S t a t e o f V i r g i n i a vtaa being prepared.
Memorandum on t h e economic• s i t u a t i o n i n Europe*
prepared on J u l y 3* 1919* by Herbert.Hoover,
1,
L e t t e r o f E. P. Howard, 13 December 1919* baa a
r e f e r e n c e t o t h e F e d e r a l Reserve Board which I s n o t
at a i l clear.
2,
L e t t e r t o Murray H u l b e r t from Glass r e g a r d ir-g
r e a p p o i n t m e n t o f .Delano, 7 March 191g,
3,
L e t t e r fro® H u l b e r t t o Gl&s*: r & g a r d i f r g Delano,
a? February 1919H u l b e r t t o Glass r e g a r d i n g p r e s s u r e t o s e l l E
bonds* 15 January 1919-
5
A. f o l d e r c o n t a i n i n g a number o f l e t t e r s ,
than*' t h e f o l l o w i n g * *
( 1 ) Glass t o Mali-3lap, 28 November
'' 1 Peace T r e a t y *
among
1.919regard!ng
( 2 ) L e t t e r t o Joseph W* Baseman r e g a r d i n g premiurn
bonds* 2 January 1919*
( 3 ) L e t t e r from 'Class t o George H a r r i s o n , 6 December
1919*
( 4 ) L e t t e r from Glass t o John K* S h o r t o f Roanoke,
r e g a r d i n g successor t o Senator M a r t i n mho Mas 1X3
2-9 August X9i9*
A" f o l d e r o f 1919 l e t t e r s on v a r i o u s s u b j e c t s * p a r t y
m a t t e r s b o t h s t a t e and n a t i o n a l * and appointments t o
government j o b s ,
7,
A f o l d e r o f l e t t e r s t o J- I * Hooker r e g a r d i n g G l a s s 1
appointment t o the- Senate, 23 December 1919- - f i l l o t h e r
papers i n t h i s f o l d e r a r e o f no s p e c i a l s i g n i f i c a n c e :
8*
L e t t e r s regarding the r a i l r o a d a d m i n i s t r a t i o n , 8
February 1919
9«
Folder 0ontaintrig t
( 1 ) I n v i t a t i o n t o address Xo*ia Bankers A s s o c i a t i o n *
19 M n a 1919*
' '
Box 138
(Page 2 )
( 2 ) Miscellaneous papers o f 1919.
significance.
Hone o f p r e s e n t
( 3 ) " I n d u s t r i a l Board" l e t t e r s t o Walker H i n e s ,
11 A p r i l 1919.
( 4 ) " I n t e r n a l revenue c o l l e c t o r s . "
it.
Not mucb i n
( 5 ) J u l y 9» 19^9, l e t t e r t o H. H. P e r r y r e g a r d i n g
reassignment o f c o l l e c t i o n d i s t r i c t s .
2 (fib
Correspondence
A.
(J-K)
1919
M i s c e l l a n e o u s correspondence
{J)
L
Correspondence i n which Mr. Glass r e f u s e s o p p o r t u n i t y
t o speak a t a meeting o f t h e F l o r i d a Bankers 1 Assoc
i a t i o n , i n c l u d i n g a l e t t e r from George R* Desaussure*
manager o f t h e J a c k s o n v i l l e 'branch o f the f e d e r a l
Reserve bank o f A t l a n t a ,
2*
Corres pondence i n v o l v i n g s e v e r a l persona* i n c l u d i n g
R* L , VanZandit* s e v e n or o f t h e f e d e r a l Reserve
Bank a t D a l l a s ,
c o n c e r n i n g the p r o p r i e t y o f
t r a n a f e r i n g t h e account o f the Lehigh V a l l e y R a i l r o a d
from one bank t o another by order o f the C o m p t r o l l e r
o f the Currency.
3*
Correspondence with
P i e r r e Jay* o f t h e f e d e r a l Reserve
Bank o f Mew f o r k d u r i n g March# 1919* c o n c e r n i n g t h e
c e s s a t i o n o f t h e d e p o s i t s o f t h e Hew York C e n t r a l
R a i l r o a d a t t h e F i r s t f r a s t and D e p o s i t Company*
Syracuse., Mew York* as a r e s u l t o f t h e o r d e r issued
by t h e C o m p t r o l l e r o f t h e Currency p r o h i b i t i n g the
m a i n t a i n i n g o f r a i l r o a d accounts w i t h c e r t a i n t r u s t
companies.
L e t t e r from Senator Edward 8* Johnson on August 6 P 191y
accompanying a copy o f a l e t t e r sent t o P r e s i d e n t W i l s o n
s t a t i n g t h a t t h e way t o s o l v e t h e problem o f t h e h i g h
c o s t o f n e c e s s i t i e s was t o l i m i t t h e percent o f p r o f i t s
i n t h e same manner t h a t t h e r a t e o f i n t e r e s t charged
by banks wm l i m i t e d *
5»
Copy o f a l e t t e r from Mr Slags t o A r t h u r R. Jones
w r i t t e n on August 11* 1919* I n w h i c h t h e a u t h o r s h i p
o f t h e F e d e r a l Reserve Act i s discussed* Glass denies
t h e statement by Mr. Jones t h a t Woodrow W i l s o n wm
t h e a u t h o r o f t h e measure* even though t h e backing o f
E. 0 - H u l b e r t had been c i t e d as t h e f o u n d a t i o n f o r the
s t a t e m e n t - Mr, Glass sent a copy o f Ms- speeches
b e f o r e t h e House o f R e p r e s e n t a t i v e s on September 10 and
13$ 1913* w i t h t h e passages marked which answered t h e
q u e s t i o n . He a l s o s t a t e d t h a t i t c o u l d be proven t h a t N
a l t h o u g h a t t e m p t s , ware .made* the Senate d i d n o t succeed
i n f o r c i n g any major changes i n t h e House b i l l *
2*7
Bffr^lia
6.
(Psge 2)
L e t t e r and n o t e m e n t i o n i n g t h e name o f W* A* Julian
The l e t t e r i s from Senator A t l e e Posoerenej t h e n o t e
mentions t h e F e d e r a l Reserve B o a r d .
B.
Correspondence d u r i n g 1919 w i t h ft* G* Cholmeley-Jones f
d i r e c t o r o f t h e Bureau o f War R i s k I n s u r a n c e *
G,
M i s c e l l a n e o u s correspondence
(KA--KX)
1.
L e t t e r o f October 2 3 , 1919* from 8* M. K a p l a n , conc e r n i n g t h e p o s s i b l e i n c r e a s e i n t h e c a p i t a l and
s u r p l u s o f t h e F i f t h n a t i o n a l Bank o f Mm f o r k ,
2*
Correspondence i n v o l v i n g W. A. Heath, chairman o f t h e
F e d e r a l Reserve Bank o f Chicago, c o n c e r n i n g p a s s p o r t s
t o Europe.
3.
R o b e r t D* K e n t , p r e s i d e n t o f t h e Merchants Bank o f
Passaic i n Mew J e r s e y * w r o t e t o M r . Glass on January
2 2 , 1919* a s k i n g M s o p i n i o n o f s t a t e m e n t s tm&e fey
Mr* Kent w i t h r e g a r d t o t h e o f f i c e o f C o m p t r o l l e r o f
t h e Currency d u r i n g an address e n t i t l e d , "The F e d e r a l
Reserve System from t h e V i e w p o i n t o f an I n e l i g i b l e
Hon -Member", a t a c o n v e n t i o n o f t h e American Bankers
Association*
Mr* Glass responds t h a t he d i s a g r e e s w i t h
what M r . Kent has t o say and t h a t he does n o t f e e l t h a t
t h e o f f i c e o f t h e C o m p t r o l l e r o f t h e Currency s h o u l d
be merged w i t h t h e F e d e r a l Reserve Board. A copy o f
t h e speech by M r . Kent i s e n c l o s e d .
Correspondence w i t h R e p r e s e n t a t i v e W i l l i a m K e t t n e r ,
concerning t h e attempt t o appoint a c h i e f n a t i o n a l
bank examiner a t San F r a n c i s c o .
5*
Correspondence w i t h M i l l a r d M. K I p l i n g e r , Mho had J u s t
r e s i g n e d a p o s i t i o n w i t h t h e A s s o c i a t e d Press t o go
t o work f o r t h e l a t i o n a l Bank o f Commerce. M r . Glass
thanks him f o r h i s c o o p e r a t i o n i n c o n n e c t i o n w i t h t h e
l i b e r t y l o a n campaigns.
M i s c e l l a n e o u s Correspondence
(KL-K?)
1.
Copy o f a speech by C.
Knoeppel c o n c e r n i n g t h e c o a t
o f l i v i n g and a pamphlet, "Economic P r o d u c t i o n Plus
I n d u s t r i a l Democracy", s e n t t o - M r . Glass by Mr. Khoeppel
p r e s i d e n t o f an i n d u s t r i a l e n g i n e e r i n g c o n c e r n .
2.
Correspondence
Box 140
1,
Many l e t t e r s frohi (Haas r e g a r d i n g t h e Bureau
o f War R i s k I n s u r a n c e •
2*
L e t t e r s r e g a r d i n g t h e appointment o f t h e Postmaster f o r Chicago>
3*
L e t t e r s t o and from James H a m i l t o n Lewis
regarding various matters*
May* 1919.
A f o l d e r o f l e t t e r s * m i s c e l l a n e o u s communications
on a v a r i e t y o f s u b j e c t s f r o m many p a r t s o f t h e
c o u n t r y b u t none - r e l a t e t o t h e F e d e r a l Reserve
System or o t h e r w i s e o f s i g n i f i c a n c e *
Box 141
A f o l d e r oi4 correspondence between McAdoo and, Glaaa
r e g a r d i n g t h e appointment o f a s e c r e t a r y ' o f t h e T r e a s u r y .
Glass opposed t h e appointment o f a s o u t h e r n -man b u t McAdoo
^ a s . f o r Koper* December 11, 1919*
1,
L e t t e r from Glass, t o McAdoo r e g a r d i n g wages and p r o f i t s
In t h e c o a l i n d u s t r y . 11 December 1919-
S*
Glass t o McAdoo r e g a r d i n g s a l a r i e s o f t h e P r e s i d e n t
and agents o f t h e F e d e r a l Reserve Bank o f Cleveland*
26 November I 9 I 9 .
3.
McAdoo t o Glass r e g a r d i n g appointments t o vacancies
t h e F e d e r a l Reserve Board, 20 August 1919*
k.
5*
T h i s f o l d e r c o n t a i n s Much
w i t h Glass* 19^8-49
of McAdoo*a
in
0ovvaspondenee
L a t t e r o f Paul Warburg t o McAdoo* 2 January 1919*
r e g a r d i n g t h e background o f t h e F e d e r a l Reserve A c t 9
and t h e r u l i n g o f
trillion dollars tc
e d u c a t i o n o f t h e p u b l i c about t h e
monetary
reforms«
one
carry on the
need for
6*
Glass t o McCord r e g a r d i n g s u b s c r i p t i o n by t h e f e d e r a l
Reserve Bank o f A t l a n t a t o t h e V i c t o r y L i b e r t y Loan.
2 June 1919*
7.
A f o l d e r c o n t a i n i n g l e t t e r s t o and from Thomas B.
MeAdaias.
8-
L e t t e r s exchanged between Glass arid HcCord 5 P r e s i d e n t
o f t h e F e d e r a l Reserve Bank o f A t l a n t a * r e l a t i v e t o the
L i b e r t y Loan period t
1919.
2 June
9«
Report by McCord on t h e Cuban c u r r e n c y s i t u a t i o n *
May 1919•
2?
10.
L e t t e r from Glaaa t o P r e s i d e n t MeDougall o f t h e Chicago
Reserve Bank r e g a r d i n g appointment o f l a t t e r as a
d e l e g a t e t o t h e Pan American F i n a n c i a l Conference*
28 January 1920*
11.
Memo o f 8 August 3,919 r e g a r d i n g money s u p p l y and i t s
c o m p o s i t i o n from F e d e r a l Reserve Board. {A copy was
sent t o G l a s s * }
12.
L e t t e r from Thomas R* Maraha11 t o G l a s s , a s k i n g h i s h e l p
i n o b t a i n i n g a: eoumiission i n the Army, 26 J u l y X9X7,
13.
A f o l d e r abotit;;,®any t h i n g s o f no r e l a t i o n t o t h e F e d e r a l
Reserve* such
party matters* requests f o r assistance
i n o b t a i n i n g : r !obs, t r a r i s f e r a w i t h i n the s e r v i c e , and the
like.
-X1D
BcxjM^S
1.
Correspondence' d u r i n g March* 1522, r e l a t i n g t o an amendment
to t h e f e d e r a l Reserve A c t . a tigged t e d by Senator Me E e l l a r
whereby t h e paper o f cotton f e e t o r s would be e l i g i b l e
f o r rediscount,
Mr... Qlass rsspa??.as t h a t
voted f o r
t h i r - amendment , s i n e s tfce r e s t r i c t i o n s s e t f o r t h fej t h e
F e d e r a l Reserve Board soessed t o j u s t i f y a^
vote* feut'that t h e ^ a a u r e had been d e f e a t e d ,
2.
C or r e a pendens a r e g a r d i n g a . f e d e r a l c h a r t e r f o r R o t a r y
Club a-.
3.
Mote from Theodore Mold * governor o f the M i n n e a p o l i s
f e d e r a l Reserve B a a l s * r e g a r d i n g a vacant p o s i t i o n as
postmaster i n S t . Cloud* Minnesota,
Correspondence
from wholesale and r e t a i l grocers., prot e s t i n g a monopolistic* tendeney a&orig packers w i t h
respect t o food d i s t r i b u t i o n .
5*
Copies of a b i l l t o c r e a t e a F e d e r a l L i v e Stock Commission
and correspondence concerning tlhe measure„
6.
Memoranda r e g a r d i n g fissances o f t h e Farm Loan o r g a n i s a t i o n ,
7-
Memoranda and b o o k l e t r e l a t i n g t o c o l l e c t i o n o f cmetoms
d u t i e s ' i n f r e e p o r t s i n the U n i t e d S t e t e a .
8*
Memorandum from A, M i t c h e l l F a l s e r , A t t o r n e y G e n e r a l , t o
Mr * Glass on March 20, 1319* ' S t a t i n g t h a t John SireXton
W i l l i a m s might s t i l l be considered a. member o f tfce Faclara:
Reserve Board and* as
be e n t i t l e d t o r e c e i v e comp e n s a t i o n * d e s p i t e t h e f a o t t h a t t h e appointment o f Mr...
W i l l i a m s t o succeed h i m s e l f bad n e t hemi confirmed
by the
Senate p r i o r t o I t s adjournment,
9.
E d i t o r i a l i n the B r i r f e s ^
of February 2 , 1920,.
n o t i n g ' t h a t Mr* G l a s i s I S ' i T T o ^ l i a " t F ^ T r e a & u v ; f Department
a f t e r s e r v i n g f o r a l i t t l e acre
r js \
t o t a k e over
t h e seat o f Senator M a r t i n upon * ^ ' n o jV
of Governor
Davis o f . V i r g i n i a *
L a t e r e d i t o r i a l concerns M a successor
10,
Copy o f t h e p r e l i m i n a r y f l r j & r - c l a l statement o f t'ne United
S t a t e s government f o r A p r i l 6* 1Q17, t o May 31, 1919*
11,
Memoranda concern-' * ^ "lie f i t t m m l o t o f 3918, which d e a l t
wit!*,! t h e coinage < i i i v e r ,
12.
S t a t i s t i c s ' on time d e p o s i t s b a l d t y n a t i o n a l banks*
13.
Copy o f t h e C l a y t o n A n t i t r u s t
Act.
ISBL2&2L
Correspondence and announcements r e g a r d i n g t h e C i v i l
S e r v i c e Commission and t h e Peace t r e a t y
(1919-1921)
A«
Correspondence r e g a r d i n g r e l a t i o n s w i t h Q e i m m j *
p a r t i c u l a r l y w i t h r e s p e c t t o t h e proposed peace t r e a t y .
t e l e g r a m f r o m F* A* Delano* c o n g r a t u l a t i n g M r .
© l a s s on h i s a r t i c l e on t h e peace t r e a t y w h i c h
had appeared i n t h e Hew York ^toes,2*
B o o k l e t * "The Meaning o f Mar and t h e B a s i s
Permanent Peace*" by James II« Johnson*
for
3« "Copy 'of a l e t t e r f r o m Mr* Oleeft t o Theodore
Warburg on March 17* 1920* i n w h i c h he i n d i c a t e s
a-knowledge o f t h e a t t i t u d e o f P r e s i d e n t W i l s o n
on c e r t a i n amendments t o t h e peace t r e a t y *
C o p y ' o f t h e h e a r i n g s on t h e peace t r e a t y b e f o r e
t h e Senate Committee on F o r e i g n R e l a t i o n s *
Copy o f an address by Henry Cabot Lodge on*
H
Maintenance o f Peace *11
6*
Copies o f s e v e r a l amendments t o t h e peace t r e a t y
and a Senate r e s o l u t i o n s e t t i n g f o r t h t h e c o n d i t i o n s
under w h i c h t h e t r e a t y would be c o n s i d e r e d a c c e p t a b l e ,
7*. .Copies o f t h e peace t r e a t y w i t h Germany*
8*
Copies o f a Senate 4 Document* c o n c e r n i n g t h e League
of nations.
B.
Pamphlets o f t h e C i v i l S e r v i c e Commission and c o r r e s pondence w i t h t h e commission and w i t h persons d e s i r i n g
Jobs r e q u i r i n g C i v i l S e r v i c e e x a m i n a t i o n s .
C*
Miscellaneous
correspondence
1.
L e t t e r f r o m C»S*if* S m i t h * o f t h e Mew York Chamber o f
Commerce* s u g g e s t i n g a p l a n whereby an ' i n t e r n a t i o n a l
d o l l a r m i g h t be c r e a t e d on t h e b a s i s o f c e r t a i n
s e c u r i t i e s * w h i c h would make t h e c u r r e n c y as c l o s e l y
s i m i l a r t o g o l d as p o s s i b l e *
2.
. L e t t e r f r o m John W* Craddock t o S e n a t o r Claude A,
Swsnson on J a n u a r y 7 * 1920, e x p l a i n i n g what he f e l t
t h e Democrats s h o u l d do w i t h r e s p e c t t o t h e peace t r e a t y *
Box 1H4
0 o r r asisondence c o n c e r n i n g l e g i s l a t i v e and T r e a s u r y
m a t t e r s . (1919-1922)
A, Correspondence w i t h Joseph P« Tumulty* s e c r e t a r y t o t h e
President*
1*
Hote o f January 1 4 , 1920* s t a t i n g t h a t t h e P r e s i d e n t
had n o t y e t decided upon a successor f o r Mr* Giaae
as T r e a s u r y S e c r e t a r y and r e q u e s t i n g t h a t Mr. Olass
r e m a i n a t t h e j o b f o r a w h i l e "logger*
2*
Mr* Tumulty s e n t an e d i t o r i a l t a k e n from t h e Kewark
Evening Hews f o r January 2?* 1920 s i n w h i c h t h e
~
cFH^icisms o f C h a r l e s
Fowler* concerning the Federal
Reserve System* a r e d i s c u s s a l *
3,
Tumulty sent a copy o f a l e t t e r from Senator Robert L .
Omen t o P r e s i d e n t W i l s o n on Hovamber 6* 1919* c o n c e r n i n
t h e ' - d e s i r a b i l i t y o f c o r r e c t i n g an adverse balance o f
trade *
Newspaper a r t i c l e i n w h i c h R e p r e s e n t a t i v e Edmund P i a t t
proposed removing from t h e F e d e r a l Reserve Act t h o s e
elements w h i c h W i l l i a m Jennings Bryan had suggested,
5*
Other correspondence from J . P. Tumulty a t t h e W h i t e
House.
B. S e v e r a l n o t e s from Robert Lansing* ' S e c r e t a r y o f S t a t e .
C« Correspondence w i t h D a n i e l C* Roper* Commissioner o f
I n t e r n a l Revenue*
1*
L e t t e r from Mr. Roper t o W i l l i a m CK McAdoo on August 12
1919* r e p o r t i n g on events s i n c e Mr. McAdoo had l e f t t h e
T r e a s u r y Department.
2.
Copy o f a c o n f i d e n t i a l r e p o r t f r o m D a n i e l C* Roper on
February
1919,? c o n c e r n i n g t h e method o f m e e t i n g
government o b l i g a t i o n s * i n c u r r e d i n a n t i c i p a t i o n o f
revenue from q u a r t e r l y payments o f income and e x c e l s
p r o f i t s t a x e s , which had s i n c e been c a n c e l l e d .
B o x j M {Page 2}
IK Correspondence wit** W i l l i a m G. R e d f i e l d i S e c r e t a r y of
Commerce.
Cor r e a pondonoe c o n c e r n i n g the p r o p e r performance uj
T r e a s u r y f u n c t i o n s i n connect i o n w i t h f o r e i g n ea<
age
2*
Covveapondence r e l a t i n g t o the t e r m i n a t i o n o f
controls.
price
E.- Correspondence w i t h Charles S - Hamlin 9 member o f t h e
F e d e r a l Reserve Board
1.
Correspondence r e g a r d i n g t h e q u e s t i o n o f t h e power
o f t h e F e d e r a l Reserve Board t o change d i s c o u n t r a t e s .
'2.
L e t t e r from Governor Harding on December 29* 1919s
s t a t i n g t h a t acceptances a r e n o t b e i n g used
e x t e n s i v e l y f o r r e d i s c o u n t purposes.
3.
Mote from Charles S* Hamlin on December 20* 1919*
p o i n t i n g o u t an e r r o r i n t h e proposed b i l l a b o l i s h i n g
the sub-treasuries„
k.
Correspondence r e l a t i n g t o t h e p o s s i b l e a b o l i t i o n o f
t h e C a p i t a l I s s u e s Committee* A l t h o u g h h e was chairman
o f t h e Committee* Mr. Hamlin f a v o r e d i t s a b o l i t i o n .
S*
Report f f u n
j&ndn S t r o n g
m ^ i o f t h e Mew York
F e d e r a l j f t e ^ r v * . B & r k , c o n c e d i n g replacement o f U n i t e d
S a t c s n o t e s ( g r e c n & i ' k d ) oc P e d a c R e s e r v e n o t e s
and t h e e ^ r i i t ^ o r o f t h e sn>-treasury
system, s e n t by
Mr, Hamlin ico tar* Gxass f o r an e x p r e s s i o n o f o p i n i o n
from t h e t r e a s u r y Department* Mr, Glass does n o t t h i n k
h i g h l y o f t h e p r o p o s a l t o r e t i r e greenbacks.
6,
C o r r e s p o n d e n t c o n c e r n i n g a proposed F e d e r a l Stock
P u b l i c i t y u x l j t o r e g u l a t e stock promotions,
7*
Correspondence w i t h John S k e l t o n W i l l i a m s * C o m p t r o l l e r
o f t h e C u r r e n c y , c o n c e r n i n g t h e wisdom o f g r a n t i n g
p e r m i s s i o n f o r the N a t i o n a l C i t y Bank t o e s t a b l i s h
f o r e i g n branches *
8,
Mote, from Charles S* Hamlin s t a t i n g t h a t any r e f u n d i n g
o f d e b t s by f o r e i g n c o u n t r i e s s h o u l d be handled
F e d e r a l Reserve banks, r a t h e r t h a n by p r i v a t e bankerr*
Box
9*
10*
F.
{Page 3)
Copy o f a d r a f t * prepared on February Y* 1919* o f
an a c t t o " p r o v i d e f o r f u r n i s h i n g i n f o r m a t i o n w i t h1
r e s p e c t t o shares o f s t o c k o f f e r e d t o t h e p u b l i c /
Statement o f Mr. Glass t h a t he i s happy t o know t h a t
Mr, Hamlin i s s a t i s f i e d w i t h t h e appointment o f Mr.
Shouse as A s s i s t a n t S e c r e t a r y o f t h e Treasury*
Correspondence w i t h W.P.G* Harding*, Governor
F e d e r a l Reserve Board,
of the
1.
Copy o f an address t o be d e l i v e r e d by Mr- Harding
t o a Pan "-American F i n a n c i a l Conference,
2«
Statement by Mr. Harding i n which he r e f u t e s a c l a i m
by J . A. Pondroza t h a t email banks are b e i n g d i e c r i m i n a t e d a g a i n s t by t h e r e q u i r e m e n t t h a t checks
be c l e a r e d a t p a r .
3,
L e t t e r from W H a r d i n g on November 12* 1919*
s u g g e s t i n g t h a t Mr* Glass i n t r o d u c e l e g i s l a t i o n
designed t o atop t h e c i r c u l a t i o n o f ch„c&s b e a r i n g
a statement t h a t t h e check would he psia a t the
c u r r e n t exchange r a t e ,
k.
Memorandum from Mr. Harding t o Mr, G l a s s , c i t i n g a
problem i n which t h e c i t i e s o f Lynchburg and Roanoke#
V i r g i n i a * were i n v o l v e d , c o n c e r n i n g immediate.payment
o f checks a t F e d e r a l Reserve banks * i f excess r e s e r v e s
s u f f i c i e n t t o cover t h i s s e r v i c e were m a i n t a i n e d .
5.
A r e p o r t t o t h e P r e s i d e n t by Senator Robert L* Owen
on February 27m 1919* s u g g e s t i n g t h a t t h e d o l l a r be
p u t a t par w i t h t h e money o f o t h e r c o u n t r i e s by t h e
i s s u e o f government s e c u r i t i e s payable i n f o r e i g n
c u r r e n c y * i s r e f e r r e d t o Mr. Glass t h r o u g h a p e r s o n a l
n o t e from Woodrow W i l s o n . The o p i n i o n o f
Harding on t h e q u e s t i o n i s presented i n a l e t t e r t o
Mr» G l a s s t then S e c r e t a r y o f t h e T r e a s u r y .
6.
A copy o f a statement* encouraging use o f c r e d i t by
t h e c o n s t r u c t i o n i n d u s t r y * which l.P.CI* l a r d i n g sent
t o Mr. L e f f l n g w e l l w i t h t h e s u g g e s t i o n t h a t a s i m i l a r
r e p o r t be i s s u e d by t h e Treasury Department.
7.
Motes by which Mr Glass agrees t h a t Mr. Harding i s
t o o busy to- c o n t i n u e t h e mark i n v o l v e d i n h i s
c o n n e c t i o n w i t h th® Mar Finance C o r p o r a t i o n and
promises t o have him r e l i e v e d o f these d u t i e s .
<3-7*
Box Ikk
(Page k)
8.
Report prepared by Mr- L e f f i n g w e l l * A s s i s t a n t S e c r e t a r y
o f t h e T r e a s u r y , f o r Mr, Glass on January 3* 1919*
recommending t h a t t h e F e d e r a l Reserve Act be amended
so t h a t more revenue can be d e r i v e d from t h e e a r n i n g s
of t h e F e d e r a l Reserve banks. A c o r r e s p o n d i n g memorandum t o Mr. Harding from M. C. E l l i o t t * g e n e r a l
counsel* r e f u t e s a p o r t i o n o f t h e L e f f i n g w e l l
memorandum.
9.
S e v e r a l o t h e r notes from Mr, H a r d i n g .
0.
Correspondence w i t h F r a n k l i n K. Lane, S e c r e t a r y o f t h e
Interlor.
H.
Correspondence concerning appointments t o t h e F e d e r a l
Reserve Board.
1.
L i s t o f persons and groups recommending s e v e r a l men
f o r appointment t o t h e F e d e r a l Reserve Board.
Paul
M. Warburg has t h e best recommendations.
2.
A r t i c l e I n t h e D a i l y B u l l e t i n i s s u e d by t h e weekly
newspaper Manufacturers Record* e n t i t l e d , "Why Mr.
Paul M. WaFburg Should HoFBe Reappointed on t h e
F e d e r a l Reserve Board. 11
3.
Telegram from P i e r r e Jay* p r e s e n t i n g t h e names o f
many men who might p o s s i b l y be a p p o i n t e d t o t h e F e d e r a l
Reserve Board, but q u e s t i o n i n g t h e a v a i l a b i l i t y , o f most
o f t h e b e t t e r men on t h e l i s t .
4.
E x p l a n a t i o n o f t h e p r o v i s i o n s o f t l w F e d e r a l Reserve Act
w i t h r e s p e c t t o q u a l i f i c a t i o n s f o r membership on t h e
F e d e r a l Reserve Board * sent t o Mr. Olass by W.P.G.
Harding.
5-
Correspondence r u n n i n g over a p e r i o d o f t i m e between
t h e Treasury Department and Evans W o o l l e n , c o n c e r n i n g
t h e o p p o r t u n i t y t o f i l l a vacancy on t h e F e d e r a l Reserve
Board. Mr- Woollen f a i l e d t o a r r i v e a t t h e d e c i s i o n
t o accept t h e appointment* i f t e n d e r e d , i n t i m e t o have
h i s name p r e s e n t e d .
6.
R e f u s a l o f W. A. J u l i a n t o accept recommendation as a
member o f t h e F e d e r a l Reserve Board*
7*
Telegram from W i l l i a m (K McAdoo t o Mr. Glass,, t h e n
S e c r e t a r y o f t h e Treasury* a p p r o v i n g t h e s u g g e s t i o n o f
Charles 0 Dawes f o r n o m i n a t i o n t o a p o s i t i o n on t h e
F e d e r a l Reserve Board. Mr. Dawes d e c l i n e d .
"Stttr
Box 3Ji4
(f£:ge 5}
8.
Wallace D. Simmons* S t . L o u i s * M i s s o u r i , hardware
e x e c u t i v e 9 d e c l i n e s t o have M s name suggested by
Mr. Glass f o r a p o s i t i o n on t h e F e d e r a l Reserve Board-
9*
John V. F a r w e l l recommended F r e d e r i c k A. Delano f o r
r e a p p o i n t m e n t t o t h e F e d e r a l Reserve Board* b u t Mr,
Glass f e l t t h a t c i r c u m s t a n c e s p r e v e n t e d h i s making
t h i s recommendation t o t h e P r e s i d e n t .
10.
Telegram from B« D. B u l b e r t a l s o recommending F . A.
Delano.
11.
P. H. Rawson r e f u s e d a n o m i n a t i o n f o r a p l a c e on t h e
board.
12.
L e t t e r o f December 2* 1918* from P i e r r e Jay t o R.
L e f f l n g w e l l , p a s s i n g on a recommendation o f F* P*
B i x o n , w i t h whose n o m i n a t i o n i t was s a i d Benjamin
S t r o n g would concur* W. 6 . McAdoo responds t o an
i n q u i r y f r o m Mr. Glass by s t a t i n g t h a t he does n o t
know Mr, H l x o n .
13-
Note from V i c e - P r e s i d e n t Thomas R. M a r s h a l l on
January 18, 1919* s t a t i n g t h a t , i f Evans Woollen
or E. H. W o i c o t t a r e n o t a v a i l a b l e , he w o u l d ' s u g g e s t
L e r o y A. Goddard, whose appointment would be s a t i s f a c t o r y w i t h Mr. Forgsn and Mr. R e y n o l d s . Mr. G l a s s ,
however, was n o t i n c l i n e d t o propose t h e name o f Mr,
Goddard, because he was n o t w i d e l y known among
western bankers.
14.
Exchange o f t e l e g r a m s w i t h W*
McAdoo, a g r e e i n g t o
postpone a c t i o n on appointments t o t h e f e d e r a l Reserve
Board,
15*
A l b e r t S t r a u s s a t t h e F e d e r a l Reserve Board recommended
J . H. P u e l i c h e r f o r n o m i n a t i o n t o t h e B o a r d .
X,
Response t o r e q u e s t s f o r c o p i e s o f t h e Annual R e p o r t o f
t h e S e c r e t a r y o f t h e t r e a s u r y , i n c l u d i n g r e q u e s t s from
s e v e r a l S e n a t o r s . The1 S e c r e t a r y o f M a r , W i l l i a m G. McAdoo,
F r e d e r i c k A* Delano, L o u i s D. B r a n d e i s , R o b e r t W.
tfoolley,
and John Manamaker a r e among t h o s e who w r i t e t o t h a n k M r /
Glass f o r sehding them c o p i e s o f t h e r e p o r t ,
J.
Correspondence i n v o l v i n g B* 0 . L e f f l n g w e l l and r e p o r t s
p r e p a r e d b y : M r . L e f f l n g w e l l as A s s i s t a n t S e c r e t a r y o f t h e
Treasury.
xnl
Bo^ij^
1.
(page 6 j
L e t t e r o f h i g h commendation w r l t t e x ; by Mr* Glass o»
February 2 , 1920* t o R, C\ L e f f i n g w e l l f o r h i e
s e r v i c e d u r i n g t h e term o f Mr. Glass as S e c r e t a r y o f
t h e Treasury*
Other compliments are p a i d t o Mr.
L e f f i n g w e l l ' I n correspondence r e c e i v e d by Mr- Glass,
Memoranda r e l a t i n g t o f o r e i g n l o a n s .
3«
Statement and newspaper a r t i c l e s r e g a r d i n g t h e s h i p
building Industry*
Memoranda regard5.Bg t h e coat o f
living*
5*
Summary o f newspaper repo* i * (bout t h e e f f e c t o f a
program* i n t r o d u c e d by Mr, <31
whereby Treasury
n o t e s would c o n t i n u e i n twe * t f i n a n c e government
operations.
6.
Mote from Mr. L e f f i n g w e l l d i s c o u r a g i n g any p o l i c y
p e r m i t t i n g p u b l i c o f f i c i a l s t o get i n f o r m a t i o n about
n a t i o n a l bank l o a n s from bank examiners,
7«
Memoranda concerning p r i c e l e v e l s and d e t e r m i n a t i o n o f
wheat p r i c e s by t h e government.
8.
Copies o f s e v e r a l summaries p e r t a i n i n g t o Treasury
a c t i v i t i e s and expected Treasury p o l i c i e s .
9.
Statement by Mr* L e f f i n g w e l l t h a t banks should n o t
buy t a x c e r t i f i c a t e s , - i n a n t i c i p a t i o n o f t h e t i m e '
yfeen income and p r o f i t s taxes f a l l due* b u t r e d i s c o u n t
Ui3 c e r t i f i c a t e s b e f o r e t h e taxes must be p a i d .
10.
Memoranda r e l a t i n g t o l i b e r t y
11.
Copy o f a b i l l " t o p r o v i d e a n a t i o n a l budget system
and an Independent a u d i t o f Government a c c o u n t s / *
accompanied by a L e f f i n g w e l l memorandum on t h e b i l l . ,
which expresses some d i s f a v o r
12.
Memoranda r e g a r d i n g t h e d e s i r a b i l i t y o f r e t a i n i n g
c e r t a i n men on j o b s i n d i r e c t l y i n v o l v i n g t h e Treasury
Department and o f b r i n g i n g s e v e r a l good new men i n t o
t h e dfepartisent *
13„
Memorandum-, addressed t o Mr. l e f f i n g w e l l by Fred J*
Kent* D i r e c t o r o f the D %
i v i s i o n o f F o r e i g n exchange 'of
t h e F e d e r a l Reserve Bom ti, f a v o r i n g t h e r a i s i n g o f
t h e g o l d embargo.
loams.
Box
249
(Page 7 )
14.
Memorandum i n w M c h Mr. L e f f l n g w e l l opposes t a x
exemptions f o r bonds issued by t h e F e d e r a l House Loan
Bank and g i v e s h i s p e r s o n a l reasons f o r t a k i n g t h i s
position*
15,
Memorandum from Mr, L e f f i n g w e l l t o Mr. Glass on May
14, 1919* opposing a p l a n o f f e r e d by Governor Harding*
whereby t h e F e d e r a l Reserve Board $ o u l d s e t up an
o r g a n i s a t i o n o f i t s own t o handle f o r e i g n exchange
m a t t e r s , Mr. L e f f l n g w e l l suggests t h a t t h e s e t h i n g s
n o t be t a k e n out o f t h e hands o f Hew York f i n a n c i e r s *
He f e e l s t h a t t h e board would n o t be a b l e t o conduct
such business s a t i s f a c t o r i l y ,
L e f f l n g w e l l «t»*ea
t h i s p l a n i s s i m i l i a r t o an e a r l i e r pla**« peeuenztd 0 '
Senator Robert L* Owen* w i t h which Mr* hardJ^g ^ i a no*agree*
16«
Memorandum opposing t h e e s t a b l i s h m e n t o f an I n t e r n a t i o n a l
Gold Clearance Fund and showing t h e e f f e c t on t h e
F e d e r a l Reserve System*
17*
newspaper a r t i c l e r e p o r t i n g t h e l i k l i h o o d o f a new
Treasury i s s u e s i m i l a r t o p r e v i o u s v i c t o r y loans *
b u t w i t h no s a l e s campaign i n v o l v e d * A statement by
Mr. G l a s s , concerning t h e method and terms o f i s s u e
i s included.
18*
Mr* L e f f l n g w e l l s t a t e s t h a t he hopes acceptances o f
t h e R a i l r o a d A d m i n i s t r a t i o n w i l l n o t be a l l o w e d i n t o
Reserve bank p o r t f o l i o s •
19*
Mfcr* L e f f l n g w e l l became alarmed over a statement by
Governor M i l l e r o f t h e F e d e r a l Reserve Bank a t Kansas
C i t y * c r i t i c i s i n g governmental e x p e n d i t u r e s . Mr
L e f f l n g w e l l expresses t h e f e a r t h a t t h e success o f t h e
V i c t o r y L i b e r t y Loan might be jeopardised®
20,
Memoranda and p r i n t e d statements c o n c e r n i n g
loans *
21*
Copy o f an a c t o f January 13, 1919* i n t h e Senate*
p r o v i d i n g f o r r e l i e f i n cases where f o r m a l c o n t r a c t s
had n o t been made a c c o r d i n g t o law *
22*
Copy o f an a r t i c l e o f January 18* 19,19* e n t i t l e d *
" F i n a n c i a l Experts t o Advise W i l s o n J ' The problems
were those occasioned by the a r m i s t i c e w i t h Germany *
23.
Memorandum from the F e d e r a l Reserve Board on January 18,
1919s concerning wheat p r i c e s a
liberty
Box 145
M i s c e l l a n e o u s Correspondence, P e r s o n a l (1919-1925)
A*
B.
Correspondence w i t h R i x e y Smith* s e c r e t a r y t o Mr* G l a s s .
1.
H a n d w r i t t e n l e t t e r f r o m Mr. Glass t o B i x e y S m i t h ,
a s k i n g him t o l o c a t e c e r t a i n s t a t i s t i c s c o n c e r n i n g
loans by t h e Richmond F e d e r a l Reserve Bank t o South
C a r o l i n a b a n k s , among c e r t a i n papers r e t a i n e d f o r
c o n f r o n t i n g Mr. H e f l i n .
2.
Copy o f a magazine a r t i c l e , l i s t i n g Mr. Glass as a
p o s s i b l e Democratic c a n d i d a t e f o r t h e p r e s i d e n c y i n
1924 and d e v o t i n g a l e n g t h y paragraph t o t h e
reasons f o r c o n s i d e r i n g him an a c c e p t a b l e c a n d i d a t e .
3.
Rixey S m i t h w r o t e M r . Glass on J u l y 6 , 1923* t o say
t h a t t h e t h i n g s i n h i s o f f i c e had been p r o p e r l y s t o r e d
a?iay and t h a t p a r t i c u l a r c a r e had been t a k e n o f a
package o f papers c o n c e r n i n g t h e F e d e r a l R e s e r v e ,
about w h i c h Mr. Glass had spoken.
4*
L e t t e r f r o m R i x e y S m i t h on October 5 , 1922, s t a t i n g
t h a t P r e s i d e n t H a r d i n g would make no appointments
t o t h e F e d e r a l Reserve Board w h i l e Congress was n o t
i n s e s s i o n , b u t t h a t he seemed t o f a v o r W.P.G. H a r d i n g ,
i f C o n g r e s s i o n a l a p p r o v a l were i n s u r e d . A newspaper
r e p o r t o f a speech by R e g i n a l d McJCenna, f o r m e r
c h a n c e l l o r o f t h e B r i t i s h Exchequer, c o n c e r n i n g t h e
methods by w h i c h E n g l a n d , F r a n c e , I t a l y , and Germany
c o u l d pay t h e i r d e b t s , i s enclosed by Mr. S m i t h .
Correspondence w i t h Henry C. S t u a r t , f o r m e r g o v e r n o r
Virginia.
1.
of
L e t t e r o f J u l y 9» 1923* i n w h i c h Mr. Glass f r a n k l y
s t a t e s t h e c i r c u m s t a n c e s under w h i c h he f e e l s t h a t he
m i g h t be nominated f o r t h e p r e s i d e n c y .
C*
L e t t e r 'to t h e e d i t o r o f t h e Richmond T i m e s - D i s p a t o h *
c o r r e c t i n g an i m p r e s s i o n t h a t T ^ S ' ^
Chapter o f t h e American I n s t i t u t e o f B a n k i n g , M r . Glass
had s e v e r e l y c r i t i c i z e d t h e War Finance C o r p o r a t i o n .
D.
Correspondence w i t h W i l l i a m V. W i l s o n , Lynchburg,
lawyer.
Virginia,
ii^r
Box 145
1.
(page 2}
L e t t e r from Mr. Glass t o W i l l i a m
W i l s o n on March
12, 1920, s t a t i n g t h a t he discussed t h e q u e s t i o n
o f i n c r e a s i n g , government d e p o s i t s a t ' t h e Lynchburg
n a t i o n a l Bank w i t h A s s i s t a n t S e c r e t a r y L e f f l n g w e l l *
but received l i t t l e s a t i s f a c t i o n .
£«
Two copies o f a speech o f February 13, 1924, by Senator
Samuel M. R a l s t o n , on t h e M e l l o n t a x p l a n .
P.
C o n g r a t u l a t o r y n o t e from Mr. Glass t o Samuel M* R a l s t o n
on November 13, 1922, concerning h i s e l e c t i o n t o t h e
Senate.
G.
Correspondence i n v o l v i n g J o u e t t Shouse # A s s i s t a n t S e c r e t a r y
of the Treasury.
1.
Copy o f a l e t t e r ' t o J o u e t t Shouae on June 4 , 1920,
from t h e Oklahoma branch o f t h e Owen f o r P r e s i d e n t
. o r g a n i s a t i o n , i n which t h e c l a i m t o a u t h o r s h i p o f
t h e F e d e r a l Reserve Act i s repeated i n b e h a l f o f
Senator Robert L* Owen.
Correspondence w i t h Josephus D a n i e l s , most o f which t o o k
p l a c e w h i l e he was.Secretary o f t h e Navy.
1.
Copy o f a speech by Josephus D a n i e l s on January 8 ,
1920, b e f o r e a Jackson Day banquet audience.
2.
Correspondence r e l a t i n g t o t h e book, "Our Mavy a t War%
by Mr. D a n i e l s , a copy o f which was sent t o Mr. Glass
on June 2 ? , 1922.
1.
Correspondence between Mr. Glass, and W a l t e r Lippmann,
r e q u e s t i n g i n f o r m a t i o n or making complimentary remarks.
J.
Correspondence w i t h C h r i s t o p h e r B . G a r n e t t , a Washington,
D* C. l a w y e r .
1,
L e t t e r from Mr. Glass on November 16, 1925, d i s c r e d i t i n g
t h e members o f t h e Supreme C o u r t , who p a r t i c i p a t e d i n
c e r t a i n d e c i s i o n s i n v o l v i n g i n t e r s t a t e commerce..
.285Box 145
2.
(page 3)
l a t t e r o f I n t r o d u c t i o n f o r Mr. S a r n e t t t o Edmund
P i a t t , former Congressman t h e n s e r v i n g as Deputy
Governor o f t h e F e d e r a l Reserve Board
K.
Correspondence w i t h Janes P. Woods, Roanoke, V i r g i n i a ,
l a w y e r , most of which concerns t h e p o s s i b i l i t y of a
nomination f o r Mr. Glass t o candidacy f o r the presidency.
L.
Correspondence by Mr. Glass i n which he recommends t h a t
John W. Davis be a p p o i n t e d t o f i l l a vacancy on t h e
Supreme C o u r t .
M.
Correspondence, most of which took p l a c e d u r i n g February*
1924, a t the time of the death of Voodrow Wilson.
H.
1.
Copy of an e d i t o r i a l of February 2 , 1924, when Mr.
Wilson was near death, e n t i t l e d , "Woodrow Wilson
i n History.""
2.
Carbon copies of a l e t t e r from President Wilson t o
Mr. Glass on May 28, 1920, thanking him f o r sending
a copy of the platform adopted by V i r g i n i a Democrats.
3.
Excerpts from a book by Woodrow Wilson, A H i s t o r y of
the American People.
4.
Carbon copy of a note from President Wilson t o A. C.
Leffingwell, Assistant Secretary of the Treasury,
on February 4 , 1920, thanking him f o r deciding t o
c o n t i n u e h i s a s s o c i a t i o n w i t h t h e Treasury Department
under Secretary Houston.
Correspondence w i t h £ . Lee T r i n k l e , Governor of V i r g i n i a .
Box 146
Invitations
A.
(1919-1920)
I n v i t a t i o n s t o attend various public functions,
including several meetings of bankers organizations .
se?
Box 147
Correspondence
1920-1922-D*
T h i s box includes l e g i s l a t i v e and p o l i t i c a l
correspondence between Glass and t h e f o l l o w i n g :
Henry
F . Byrd, B» C. L e f f l n g w e l l o f J . P. Morgan and Company,
Harold L . I c k e s , S e c r e t a r y o f I n t e r i o r , Hugh S . Johnson,
a d m i n i s t r a t o r o f t h e n a t i o n a l Recovery Administration,
and Attorney General
D. M i t c h e l l «
Ttie great b u l k of the m a t e r i a l i s r e l a t i v e l y
i n s i g n i f i c a n t as f a r as widespread I n t e r e s t i s concerned*
Perhaps over 5Qjf of the u n i t s are e i t h e r t o or from
Byrd. Such n a t t e r s as V i r g i n i a ' s road s i t u a t i o n , s t a t e
p o l i t i c a l a f f a i r s , drought r e l i e f and appointment of
people t o v a r i o u s 3©bs i n t h e s t a t e a r e t r e a t e d . The names
of H. G, S h i r l e y , Highway Commissioner i n V i r g i n i a ,
and Colgate V . Darden appear i n many of the l e t t e r s .
Correspondence from L e f f l n g w e l l i s f o r t h e most
p a r t confined t o the subject of banking l e g i s l a t i o n .
Included i s a t h i r t y - p a g e l e t t e r expressing h i s c r i t i c i s m s
of proposed amendments t o the Federal Reserve A c t . ( 1 9 3 2 ) .
One l e t t e r h i n t s of some v e r b a l attacks on L e f f l n g w e l l
by Mr* Hearst, N r . Untermyer and Mr» A l d r i c h .
About s i x l e t t e r s from Xckes, approximately ten from
Johnson and ten from M i t c h e l l complete t h i s group. Those
from Xckes d e a l w i t h c o n s t r u c t i o n o f a suspension b r i d g e
over t h e York r i v e r j those from Johnson concern q u e s t i o n s
and complaints o f v a r i o u s business concerns r e g a r d i n g
p a r t i c u l a r H.R.A. industry codes. F i n a l l y , the l e t t e r s
from Johnson t r e a t the parole of a Harry Goldhurst, one
time bucket-shop operator.
£86"
Sox 148
I n v i t a t i o n s - Correspondence, 1920.
General Statement
-
This bos i s composed e x c l u s i v e l y o f
I n v i t a t i o n s extended t o Glass during the year 1920
t o attend and address various conferences, meetings,
e t c . Included are i n v i t a t i o n s t o luncheon by
public f i g u r e s such as W.P.G. Harding and an
I n v i t a t i o n t o speak on "Causes and Remedies of
I n f l a t i o n " by the Academy of P o l i t i c a l Science.
Nearly a l l i n v i t a t i o n s have a copy of Glass*
answer.
Box 149
Personal Correspondence, 1918 - 1920,
1.
L e t t e r s (1920) congratulating Glass on t i l s
appointment t o succeed M a r t i n i n t h e Senate«
<ca. 2 0 ) •
2a
L e t t e r s regarding the p o s s i b i l i t y of Glass as
p r e s i d e n t i a l nominee a t Democratic convention
( 1 9 2 0 ) . These l e t t e r s a r e m o s t l y o f a p e r s o n a l
nature urging him, e t c .
3«
L e t t e r from Glass t o Edmund P i a t t , member of
F e d e r a l Reserve Board, i n which Glass acknowledges r e c e i p t of the chair used by Glass w h i l e
Chairman of the subcommittee on banking i n which
he did a l a r g e share of h i s work on t h e F e d e r a l
Reserve l e g i s l a t i o n . S i e c h a i r was s e n t t o
Glass* home ( 1 9 2 0 ) .
4®
Other l e t t e r s o f a p e r s o n a l n a t u r e .
Box 150
C orrespondence,
1920-1922-A-
One o f a s e r i e s o f boxes of correspondence f i l e d
a l p h a b e t i c a l l y including i n d i v i d u a l s and organizations *
The m a t e r i a l i n t h i s box i s r e l a t i v e l y i n s i g n i f i c a n t .
1.
L e t t e r s t o Glass (and a copy of the r e p l i e s t h e r e t o )
requesting t h a t Glass give h i s a t t e n t i o n t o various
s p e c i a l I n t e r e s t s when the Committee on appropriations
considers the amounts t o be appropriated t o these
d i f f e r e n t i n t e r e s t i n the budget,
( c a . 150 or more
l e t t e r s and r e p l i e s , 1920-1921).
2.
About 6 l e t t e r s i n d i c a t i n g a controversy over a
prayer made before the Disarmament Conference by a
Rev. Abernathy (1922) i n which the l a t t e r f a i l e d t o
mention C h r i s t . There was strong contention over
whether the f a i l u r e was purposely or a c c i d e n t a l «
3°
L e t t e r s concerning the claims o f war veterans t o some
form of compensation.
4.
Correspondence regarding a b i l l "to r e g u l a t e the
operation of and f o s t e r t h e development of r a t i o
communications i n the United S t a t e s . "
(S.4038)
(1920).
5o
Copy of a decision of the Pederal D i s t r i c t Court of
the Northern D i s t r i c t of Georgia i n v o l v i n g the Pederal
Reserve Bank of A t l a n t a . Hon member banks charged
the F e d e r a l Reserve Bank of t r y i n g t o p u t the former
out o f business because o f t h e i r not agreeing t o
r e m i t a t par the payment of checks.
6o
L e t t e r s ( c a , 25) from the American Legion asking
Glass 1 a i d on various bills, e s p e c i a l l y the s o l d i e r s
bonus b i l l .
(1919-21).
7o
O^her l e t t e r s from people seeking employment w i t h the
government.
Bcajl51
Correspondence 1920-1922-ASecond i n t h i s s e r i e s o f m a t e r i a l f i l e d a c c o r d i n g
t o t h e above heading* The headings I n c l u d e b o t h people
and t o p i c s * The major t h i n g s i n c l u d e d a r e : (The c o r r e s pondence a c t u a l l y dates back as f a r as 193-7) <
1*
Probably upwards o f 200 l e t t e r s dated 1920-22 conc e r n i n g t h e s t a t u s and p l i g h t of tfce June* isa.i people
and t h e i n v a s i o n o f t h e i r lands by
Tt:r*Cw *
One f o l d e r o f correspondence on t h e s u b j e c t o f
a u t h o r s h i p o f t h e F e d e r a l B©serve l e t * The c o n ^ a pondence i s between Olass ard George W Armstrong
o f Texas who was i n t h e process o f w r i t i n g a bo^k*
The Crime o f f 20* The correspondence g e t s r a ^ h ^ r
Heaied B H w i i n ^ h e m w i t h t h e f o l l o w i n g a r o ^ g <he
names mentioned i n t h e c o n t r o v e r s y
Warburg^
Untermyer^ Hepburn, Reynolds., Fo t < «
Parkin*
L a u g h l l n * Congressmen Henry, e t c * T r n r e
about
10 l e t t e r s and t h e y are pros a b l y n l a l l v JL.v
important,
(1922)• See f c 3 £ e i ei t i t l e ! , ,
trong,..
MTc Geo. W«w.
3«
About 33 l e t t e r s d a t i n g back t o 1917* a s k i n g f o r
p o s i t i o n i n Glass* o f f i c e *
As many as 200 l e t t e r s from people a r d orgar«i£*tric2i3
e x p r e s s i n g t h e i r views on t h e q u e i t i o r o f
{1920-1922)0 The r e p l i e s are fox
mazz oaj*t
attached t o the l e t t e r s •
A l l t h e m a t e r i a l i n t h i s box Is c*£v legated by t h e
use o f m&nila f o l d e r s and a n & i ^ a l p h a b e t i c a l l y *
The arrangement i s s t i l l I n t a c * ma items ara easy
t o locate*
BraJLgg!
Correspondence * 2920-1922~A
The m a t e r i a l I n t h i s bc^ i s arrar^ec 1 a l p h a b e t i c a l l y
i n s e p a r a t e f o l d e r s and i s composed l a r g e l y o f r e l a t i v e l y
u n i m p o r t a n t persona 1 * r e q u e s t s *
f o l l o w i n g Items
are contained herein*
le
A statement e n t JbioJ* n A g r i c u l t u r a l Progress i n
V i r g i n i a i n B r i e f and What t h e S t a t u Has Done f o r
A g r i c u l t u r e . " A l s o o t h e r 0orrespondenoe on
agriculture^
Letters requesting various agrieult
u r a l l i t e r a t u r e * 11
Bequests f o r & I m s t o J o i n t h e
" A g r i c u l t u r e Bloc *
2p
T h i s box i s made up almost e n t i r e l y o f p e r s o n a l
part
r e q u e s t s by G l a d s ' e o r a t i t m o s t '
t*ie * eque&tu a r e i X ^ p a r t i a l 0?* t o c * i d x s w l j ^ *
eomper*satloii f o , i**exaj?a o f v s u ^ o u « : s *nu
a l s o f o r p o s i t i o n s and employment *
T
T,fi
ISLlSi
Correspondence 1920-1928-Bo
I M a box c o n t a i n s a l e t t e r w r i t t e n by Glass
I n which fee p o i n t s out c e r t a i n passages i n M s speeches
which shot! how much t h e Senate had t o do w i t h F e d e r a l
Reserve L e g i s l a t i o n .
(See" B a r r y M r , Joseph
The o t h e r m a t e r i a l i n t h e box i s correspondence
f r o n c o n s t i t u e n t s and f r i e n d s o f Cllaas i n which t h e y
ClJ express t h e i r o p i n i o n on c u r r e n t n a t t e r s * or
| 2 j s o l i c i t h i s support o f proposed l e g i s l a t i o n * or
13) seek h i s a s s i s t a n c e i n g e t t i n g Jobs* pensions<
t r a n s f e r s * promotions* p a r o l e s * e t c * or ( 4 ) t a k e up
some o t h e r m a t t e r o f a p e r s o n a l n a t u r e *
Because o f t h e l i m i t e d number o f people
w i t h which most o f t h e m a t e r i a l i s concerned* i t i s
f o r t h e most p a r t o f l i t t l e g e n e r a l importance.
Bos 154
Correspondence, 1920-1922~B.
The r » s t e r l a l i n t h i s box i s arranged
a l p h a b e t i c a l l y , each heading bein t ; i n a
ste
f o l d e r , Mearly ©very f o l d e r i a o p p o s e d o f r e q u e s t
of f a v o r s of Senator Glass by h i s c o n s t i t u e n t s .
There a r e r e q u e s t s f o r jobs and v e t e r a n ' s pension
claims, e t c . host; of the m a t e r i a l i s r e l a t i v e l y
unimportant and o f a personal nature.
One i n t e r e s t i n g l e t t e r i n t h e box contained
a d e s c r i p t i o n o f some incidents i n t h e e a r l y l i f e of
the l a t e Booker T„ Washington. The l e t t e r was
w r i t t e n by one who claims t o have known Washington
when he was young, (See f o l d e r e n t i t l e d , "Burroughs,
Mr. A. H . " ) , L e t t e r dated 1922.
jm*
Box 155
Correspondence 1920-1922-B»
Bach I t e m d e a l t w i t h i s i n a s e p a r a t e
f o l d e r * f h a i t e m s a r e f o r t h e most p a r t p e r s o n a l
and u n i m p o r t a n t * a s k i n g f a v o r s o f Glass*
© t e r a i s correspondence between Glass and
a man frost C a l i f o r n i a i n w h i c h t h e l a t t e r steles t o
d e t e r m i n e t h e p o s i t i o n o f Hiram Johnson on t h e
F e d e r a l Reserve Act*
(See f o l d e r e n t i t l e d ? lfB»rham«
Mr* J .
There i s a l i t t l e cox* esj^onden** ^ o t c t xnS^p
t h e B a l l Rent B i l l i n v o l / i n ? a pre l o a g a c i o n o f
Rent Commission i n £* £
Also^
e t c ^ s rt*««
t o amendments t o " t h e BanK^up
law
i^g
Box 156
1920-1922 Correspondence*
F o l d e r s o f eorrespondence with
constituents
c o n c e r n i n g c l a i m s f o r pensions * r e q u e s t s f o r
employment md
s i m i l a r matters«
i s a l e t t e r from Glass t o H«
Of some i n t e r e s t
Beaie concerning-
t h e o p e r a t i o n s o f t h e F e d e r a l Reserve System*
b o * ig>7
Correspondence s 1920-1922.
M i s c e l l a n e o u s correspondence p e r t a i n i n g
t o pension claims, r e q u e s t s f o r a s s i s t a n c e and
local
politics.
BsgcJ58
Correspondence 1920-1922
f
eepcu'** ce ana J
"to^t c^
is
^b^u
e ^ i* o * *
i*
* *
l e t t ^ x - -5 d - i n •
t
*
Jito^iiis.
* the
hAi^un
f r i o^feer b 3 i ' ~ # i i ^ i j do w i t h
w^i
anii § I o i l s ^ s * ecc,
*
*<
3
o f h TOrronai ^awure a e ^ i \ v ^ ^
problems ana
favosa o* - J i s w
jy^,
pensions* a t e . R e l a t i v e l y imimportant*
§«J2£
Correspondency
192-1922*
M i s c e l l a n e o u s correspondence c o n c e r n i n g
p e n s i o n c l a i m s * r e q u e s t f o r a s s i s t a n c e , and
s i m i l a r matters *
Box 160
Correspondence 1920-1922-C.
Personal and I n d i v i d u a l business c o r r e s pondence from Glass* constituents a s k i n g f a v o r s
r e g a r d i n g jobs* veterans' b e n e f i t s , etc*
About
100 l e t t e r s r e the Calder B i l l t o i n v e s t i g a t e
and r e g u l a t e the c o a l i n d u s t r y .
entitled,
(See f o l d e r
"Calder Senate B i l l # 3 . 4 9 2 8 , Coal
Situation").
Correspondence r a
charters f o r n a t i o n a l banks.
"perpetual"
(See f o l d e r
"Calder
Senate S. #3255* Perpetual Charters f o r N a t i o n a l
Banks.").
M l
Bolt 161
Correspondence, 1980-1922 C,
Pension elalmm w r e q u e s t a f o r a i d and
s i m i l a r mautem *
Copy o f apeech by fSeorge
C o f f i n 0V1 nThe F e d e r a l Reserve Banfclns System1'
lAZ
Box 162
Correspondence 1920-1922-C,
Correspondence frorei d l a s s *
constituents
a s k i n g i n d i v i d u a l f a v o r s such,as h e l p i n
getting
government J o b s , veterans® d i s a b i l i t y and p e n s i o n
claims, etc,
A l s o about 50-75 l e t t e r s r e proposed
l e g i s l a t i o n t o p r o v i d e f o r t o l l s f o r check
c o l l e c t i o n by banks.
(See f o l d e r e n t i t l e d p "Checks
Collection - Toll on."),
Correspondence r e
C h i l d Labor B i l l S4816, ( 1 9 2 1 ) .
Correspondence
r e appointment o f J . H. Chitwood us d i s t r i c t
attorney.
><i1
Box 163
Correspondence 1920-22
C
Miscellaneous correspondence;
r e q u e s t s f o r a s s i s t a n c e , pension c l a las,,
c o n s t i t u e n t s 1 o p i n i o n s on l e g i s l a t i v e n a t t e r s
5
$00
Box 164
Correspondence 1920-1922-C,
Cor respondanee f r o m Gizsu5
constituents
and friers-:1a i n which t h e y ( l ) express t h e i r
id-ass and o p i n i o n s on c u r r e n t n a t t e r s , or
(2)
s o l i c i t M s s u p p o r t on proposed l e g i s l a t i o n . ,
or (3)
seek M s a s s i s t a n c e I n g e t t i n g g o v e r n ment j o b s , t r a n s f e r s , p r o m o t i o n s , pensions.,
compensation, a t e . o r
( 4 ) tftke up seise o t h e r
m a t t e r o f a p e r s o n a l n a t u r e , Because o f t h e
s m a l l number o f people concerned i n each i n s t a n c e
t h e m a t t e r i s 9 f o r t h e most pa>?t, o f l i t t l e
general importance.
Box 165
Correspondence 1920-1922-D
Correspondence between ( l l a s s and h i s con~
s t i t u e n t s r e g a r d i n g p e r s o n a l problems o f t h e
c o n s t i t u e n t s I n which t h e y u s u a l l y s o l i c i t a i d
from him on such matters as v e t e r a n s 1 p e n s i o n
and d i s a b i l i t y compensation c l a i m s , g e t t i n g j o b s ,
etc.
A l s o a f o l d e r e n t i t l e d , "Democratic n a t i o n a l
Committee, 1921" i n which
t h e r e appears t o be
d i s s a t i s f a c t i o n on a l a s s 1 p a r t w i t h a c t i v i t i e s
of t h e Chairman. This f o l d e r contains l e t t e r s
from Bernard Bazjuch and other men of prominence.
The m a t e r i a l i n the box i s r e l a t i v e l y
unimportant.
EoacJ166
Correspondence 1 9 2 0 - 1 9 2 2 - 0 .
P e r s o n a l
e o r r e s p o n d e d c e " b e t w e e n G l a s s
a n d
M b constituents, regarding the personal p r o b l e m
o f t h e ^ l a t t e r * i n t i h i e h their u s u a l l y s o l i c i t
G l a s s 1 add* Sic*** t h i n g s mn government Jobs,,
v e t e r a n s ? pens3 ens and d i c a * T i l t j c l a i m s a r e
the usual o b j e c t s f o r which a i d i s requested,
There i s bome correspondence (Sea f o l d e r e n t i t l e d * " D a v i s * M r . 3bos I K " ) i n w h i c h t h e
a u t h o r s h i p o f t h e F e d e r a l Reserve A c t i s d i s cussed b r i e f l y *
There i s a f o l d e r o f aorrespondence
Westmoreland D a v i s , g o v e r n o r o f V i r g i n i a *
with
4 f o l d e r o f correspondence on proposed
l e g i s l a t i o n t o adopt t h e m e t r i c ajazem tn t h e
United States,
Box 306H4
Correspondence 1920-1922~XjU
L e t t e r s of r e l a t i v e l y l i t t l e general
importance f r o ® d i s s s 1 c o n s t i t u e n t s e x p r e s s i n g
t h e i r views and a s k i n g iais a i d on v a r i o u s
m a t t e r s such as s e c u r i n g government jiobs.
There i s one l e t t e r q u e s t i o n i n g a c t i o n s of
t h e F e d e r a l Reserve as r e p o r t e d i n a speech by
Senator B e f l i n * There i s a- r e p l y t o t h e l e t t e r
also*
(See f o l d e r e n t i t l e d * " D u n i v i n , Mr-. J , H«s
Correspondence r e s t h e omission o f t h e
word "Christ" i n the disarmament conference.
(See "Durkin, Mr. W. W . * ) .
Correspondence res
a n t l lynching b i l l .
Correspondence res the duty on d y e s t u f f s
and chemicals«
(See " D y e s t u f f s " ) .
Box 168
Correspondence 1920-1922-D*
Correspondence on various? s u b j e c t 3 from
d i s s s ' colleagues and c o n s t i t u e n t s » Ifce m a t e r i a l
i s f i l e d i n separate f o l d e r s a c c o r d i n g t o s u b j e c t
or c o r r e s p o n d e n t .
There i s a f o l d e r d e a l i n g w i t h t h e p r o v i s i o n s
o f t h e Democratic p l a t f o r m i n 1920, another on t h e
n a t i o n a l Democratic committee and another on Democ r a t i c p u b l i c i t y ( 1 9 2 0 ) . Each of these f o l d e r a
c o n t a i n s ©a* 20-50 l e t t e r s or r e p o r t s and c l i p p i n g s .
Correspondence ret
the Denison b i l l
regulate the sale of corporate s e c u r i t i e s .
to
Most o f t h e m a t e r i a l i s u n i m p o r t a n t and of
a p e r s o n a l n a t u r e . The most f r e q u e n t r e q u e s t i s t h a t
of aid i n g e t t i n g a job.
Box 169
Correspondence 1920-1922-D.
This box contains f o u r f o l d e r s o f m a t e r i a l .
Each f o l d e r contains correspondence t o and f r o ®
Glass r e g a r d i n g v a r i o u s aspects o f the Democratic
s i d e o f the p o l i t i c a l campaigns o f 1920 and 1922.
At l e a s t two f o l d e r s contain c a . 150 o r more l e t t e r s *
12ie t i t l e s o f t h e f o l d e r s are as f o l l o w s :
1 . "Democratic N a t i o n a l Convention, June 2 8 , 1920."
2 . "Democratic Campaign, 1920, Speaking, e t c . "
3 . "Democratic S t a t e Campaign, Hon. Hal Flood
Chairman."
4 . "Democratic N a t i o n a l Committee, 1922."
Only p o l i t i c a l correspondence i s contained i n
t h i s box.
Box 170
Correspondence 1920-1922-E.
T h i s box i s f i l l e d ' e x c l u s i v e l y w i t h
letters
f r o n Glass1 c o n s t i t u e n t s ( w i t h r e p l i e s from Glass)
s e e k i n g h i s a i d i n such t h i n g s as v e t e r a n s '
com-
p e n s a t i o n c l a i m s * government J o b s , s a l a r y i n c r e a s e s s
transfers,
etc,
The i t e m s a r e f i l e d s e p a r a t e l y and a r e o f
very l i t t l e general importance.
Box 171
Correspondence 1920-1922-E-P*
L e t t e r s fro© Olass * c o n s t i t u e n t s a s k i n g
a i d on v e t e r a n s ' compensation, s e c u r i n g government
j o b s and o t h e r t h i n g s o f a r e l a t i v e l y
Datura
unimportant
Glass 1 r e p l i e s a r e a l s o i n c l u d e d *
There i s on© l e t t e r from alas3 m e n t i o n i n g
t h e o r i g i n and g i v i n g h i s o p i n i o n o f t h e
validity
ci' B e f l l n ' s r e p l y t o h i s defense o f t h e F e d e r a l
Reserve A c t .
{See " F o c t e , Mr. F .
1922.
B^JLJS
Correspondence 1920-1922-7.
Correspondence between- Glass and M s
c o n s t i t u e n t s i n which t h e l a t t e r * , f o r t h e most
p a r t * seek M s a i d on t h i n g s suet* as veterans *
compensation* government £obs* s a l a r y i n c r e a s e s *
t r a n s f e r s * proposed l e g i s l a t i o n and o t h e r m a t t e r s
of a personal nature •
g e n e r a l importance*
Ho s i n g l e i t e m i s o f mmh
Box 173
Correspondence 1920-1922-F.
Correspondence between glass and h i s
c o n s t i t u e n t s i n which t h e l a t t e r u s u a l l y seek
h i s a i d on such t h i n g s as government J o b s ,
v e t e r a n s * d i s a b i l i t y claims* p e r s o n a l recommendations, etc.
The m a t e r i a l i s f i l e d i n s e p a r a t e f o l d e r s
and i s o f r e l a t i v e l y l i t t l e or no g e n e r a l importance.
Tbm l e t t e r s d e a l e x c l u s i v e l y w i t h p e r s o n a l matters
of the c o n s t i t u e n t s .
BoxJ£4
Oorreapoiidan^e
1920-1922-f«
Correspondence between ( f l m u and h i a
c o n s t i t u e n t s 1B wfoich f o r t h e moat p a r t t h e
seek M a a i d on Bitch thing®
latter
m government Jo
v e t e r a n s 1 p e n s i o n s * m d o t h e r p e r s o n a l problems
of a r e l a t i v e l y iBBignifleant
nature»
T h & m i s some eotrrespontenee i n wttleb
constituents express their vlm&
legislation*
on proposed
F o r e x a m p l e * aee f o l d e r
" F r e l i r i g ^ m e n Senate { B i l l 3 # 3 9 )
Branch
Braking*"
entitled,
Permitting
s x r
Box 175
Correspondence 1920-1922-0.
Correspondence between Glass and h i s cons t i t u e n t s r e l a t i n g t o p e r s o n a l problems o f t h e
l a t t e r and seeking m a s s * a i d on 3ueb t i l i n g s as
government Jobs* v e t e r a n s ' pension c l a i m s
proposed l e g i s l a t i o n * e t c *
There i s a f o l d e r o f correspondence res
a b i l l t e r m i n a t i n g government guarantee o f wheat
p r i c e s . See "Sronna Senate B i l l #33844
One f o l d e r c o n t a i n s a l e t t e r from Glass
c l a r i f y i n g t h e c o n s t i t u t i o n a l i t y o f a former
congressman b e i n g a p p o i n t e d t o t h e F e d e r a l Reserve
Board* f h e r e seems t o have been some q u e s t i o n about
i t * See "Grayson* Hear A d m i r a l To
f h e m a t e r i a l i s of very l i t t l e
importance.
general
Box 176
Correspondence 1980-1922<-0.
Correspondence between Glass and M s c o n s t i t u e n t s d i n w h i c h t h e l a t t e r u s u a l l y seek M s
a i d on p e r s o n a l problems such as s e c u r i n g government
Jobs, veteran•s c l a i m s , etc* Also l e t t e r s from
v a r i o u s p o l i t i c i a n s and i m p o r t a n t sgen such as
Samuel Sempers. There i s a l s o a f o l d e r o f c o r r e s pondence between Glass and t h e v i c e p r e s i d e n t r e s
t h e s t a t u s o f Glass * c l e r i c a l f o r c e on t h e
government p a y r o l l a t t h e end o f a term ©lass served
i n t h e S e n a t e . See " G l a s s , correspondence w i t h T i c e
President."
The correspondence i s o f l i t t l e
importance*
general
Box 1JJ
Correspondence 1320-1922-6*
Correspondence between Qlass and M s
c o n s t i t u e n t s i n which t h e l a t t e r f o r t h e most
p a r t seek b i s a i d on p e r s o n a l problems t such as
s e c u r i n g Jobs or c o n g r a t u l a t e him f o r
etc*
speeches f
Most o f t h e m a t e r i e l i s o f an i n s i g n i f i c a n t
nature*
There i s a l s o correspondence from some
o f d l a s s 1 c o l l e a g u e s and k i n s p e o p l e *
For example 9
f r o ® E* C* Glass # b r o t h e r o f t h e Senator*
One f o l d e r o f correspondence c o n g r a t u l a t i n g
him on a p u b l i s h e d l e t t e r t o John S« B r y a n c o n c e r n i n g
t h e Iieague o f Motions*
Box 178
Correspondence 1920-1922-G-H.
Correspondence between disss and M s
c o n s t i t u e n t s over i n s i g n i f i c a n t matters or matters
o f a p e r s o n a l n a t u r e such as o p i n i o n s on proposed
l e g i s l a t i o n , r e q u e s t s f o r government l i t e r a t u r e ,
r e q u e s t s f o r a i d i n g e t t i n g j o b s and d i s a b i l i t y
compensation, e t c .
A l s o sot® l e t t e r s from v a r i o u s
senatorsa government o f f i c i a l s , e t c *
There i s a
l e t t e r mentioning the McFadden b i l l ( 1 9 2 1 ) , f o r
example.* {See " G i l b e r t , Hon. S. T . " ) 0
The m a t e r i a l
i s u n i m p o r t a n t as f a r as g e n e r a l i n t e r e s t i s concerned.
Correspondence 1920-1922-H.
This box contains a four-page l e t t e r fro©
Of lass t o W. S. H a r r i s , e d i t o r of Petersburg newspaper, explaining c l e a r l y Glass* p a r t , Wilson's
part and Parker W i l l i s 1 part i n the w r i t i n g of
the Federal Reserve Act,
importance.
The l e t t e r may be of some
See f o l d e r e n t i t l e d , " H a r r i s , Mr.
Walker Edward."
The other items i n the box are l e t t e r s fro®
constituents asking favors and expressing opinions«
They are f o r the most part unimportant „
3/6
Box 180
Correspondence I92O-I922-H,
L e t t e r s from Glass I n d i c a t i n g t h a t h i s data
on the Federal Reserve Act are i n the hands of W i l l i s .
He s t a t e s , " A l l of my newspaper clippings of t h a t
date (1913) together w i t h a l l other of my data are
i n t h e possession of D r . H. Parker W i l l i s . « . .
who l a preparing t o w r i t e a h i s t o r y of f e d e r a l
Reserve L e g i s l a t i o n . n Also the V a n d e r l i p plan
of c e n t r a l banking l a mentioned. (See f o l d e r
e n t i t l e d , " H o l l i a t e r , Mr. W. R . " } .
The other Items i n the box a r e l e t t e r s from
constituents asking favors and expressing opinions.
These Items are of very l i t t l e general importance.
Box 181
Correspondence X920~1922~H.
Correspondence between Glass and M s
c o n s t i t u e n t s i n w h i c h t h e l a t t e r ask p e r s o n a l
f a v o r s * express o p i n i o n s r e g a r d i n g proposed
l e g i s l a t i o n * etc*
Tim l e t t e r s a r e f o r t h e most
p a r t p e r s o n a l and i n s i g n i f i c a n t , ,
Mo m a t t e r
of
g e n e r a l i m p o r t a n c e i s t a k e n up a t a n j a p p r e c i a b l e
length*
BoxjJg
Correspon£enee 1920-1922-H
Correspondence between Of l a s 3 and M e cons t i t u e n t s p e r t a i n i n g t o v a r i o u s parBona1 problems
o f tfee l a t t e r and i n which t h e y ssek a d v i c e and
express opinions,,
Such t h i n g s ae t i c ! i n s e c u r i n g
j o b s * v e t e r a n s 1 pension claims* e t c * are t r e a t e d ,
M a t t e r s o f g e n e r a l importance are not d e a l t
appreciably*
viixh
>85-
Box 183
Correspondence 1920-1922-H
Correspondence between Glass and h i s cons t i t u e n t s d e a l i n g w i t h personal problems o f t h e
l a t t e r and s e e k i n g favors from Glass regarding
government j o b s , e t c .
Most o f the m a t e r i a l i s
r a t h e r i n s i g n i f i c a n t as f a r as general I n t e r e s t
i s concerned®
There I s one f o l d e r of about 50-75 l e t t e r s
dealing w i t h a b i l l introduced by Senator Haugen
and p e r t a i n i n g t o the s i z e and shape of food and
drug containers.
Box 184
Correspondence 1 9 2 0 - 1 9 2 2 - H - I
T h i s box c o n t a i n s one f o l d e r o f correspondence
f r o m c o n s t i t u e n t s u r g i n g Glass t o t a k e some p a r t i c u l a r s t a n d on proposed i m m i g r a t i o n l i m i t a t i o n
legislation.
A l s o a f o l d e r o f correspondence r e ;
payment o f f o r e i g n d e b t s t o t h i s c o u n t r y and o t h e r
i n t e r n a t i o n a l debt problems. A f o l d e r o f c o r r e s pondence r e s
" I r i s h Independence."
There i s some correspondence f r o m an unnamed
person i n d i c a t i n g t h a t a P r o f e s s o r V . A. S c o t t o f
the U n i v e r s i t y o f Wisconsin wrote f i n a l v e r s i o n of
t h e F e d e r a l Reserve A c t . A l e t t e r f r o m Glass, g i v e s
his opinion of t h i s r e p o r t .
(See f o l d e r e n t i t l e d ,
" Q u i c k , Mr. H e r b e r t " ) .
The o t h e r m a t e r i a l i n t h i s box i s f r o m con
s t i t u e n t s and i s r e l a t i v e l y u n i m p o r t a n t .
3>»
Box 185
Correspondence 1920-1922-J
Correspondence between Glass and M s
c o n s t i t u e n t s d e a l i n g f o r the most p a r t w i t h
p e r s o n a l problems o f t h e l a t t e r .
For example*
t h e c o n s t i t u e n t s seek such t h i n g s as government
Jobs* pensions^ etca
Mo m a t t e r s o f
general
i n t e r e s t a r e d e a l t w i t h t o any e x t e n t *
Box 186
Correspondence 192Q-1922-J
Correspondence f r o m Glass 5
constituents
i n which they s o l i c i t h i s a i d i n securing j o b s ,
g e t t i n g p e n s i o n s , o b t a i n i n g a d v i c e and express
t h e i r own o p i n i o n s on c e r t a i n i s s u e s .
H0 matter
o f g e n e r a l importance i s d e a l t w i t h a t any l e n g t h .
3
Box 187
T h i s box c o n t a i n s a l e t t e r f r o m a C. A.
K o r b l y who v:as t h e r a n k i n g member o f t h e House
B a n k i n g Committee, i n w h i c h he t a l k s about t h e
a u t h o r s h i p o f t h e F e d e r a l Reserve A c t , and a l s o
a statement t o the e f f e c t (enclosed I n K l r b l y • s
l e t t e r ) t h a t Owen was r e s p o n s i b l e f o r t h e A c t .
T h i s , K o r b l y seems t o r e f u t e .
I s a l s o mentioned.
McAdoo { s c o n n e c t i o n
(See f o l d e r e n t i t l e d ,
"Korbly,
Hon. C. A . " ) .
The o t h e r m a t e r i a l i n t h e box i s
correspondence
from c o n s t i t u e n t s o f a p e r s o n a l n a t u r e and u n i m p o r t a n t »
Box 188
Correspondence 1920-1922-K-L
Correspondence between Glass and h i s c o n s t i t u e n t s c o n c e r n i n g p e r s o n a l problems o f t h e
latter.
The l e t t e r s d e a l l a r g e l y w i t h such t h i n g s
as g e t t i n g j o b s , t r a n s f e r s , p e n s i o n s , e t c .
for
t h e c o n s t i t u e n t s and n o t h i n g o f g e n e r a l i m p o r t a n c e
Is dealt with extensively.
Box 189
Correspondence 1920-1922-L
Correspondence f r o s G l a s s '
constituents
a s k i n g f a v o r s , s e e k i n g i n f o r m a t i o n and l i t e r a t u r e
and e x p r e s s i n g o p i n i o n s on v a r i o u s
subjects.
N o t h i n g o f g e n e r a l importance d e a l t w i t h e x t e n s i v e l y .
Box 190
Correspondence 1920-1922-L
Correspondence from Glass' constituents
i n which t h e y ask f a v o r s , plead f o r h i s s u p p o r t
on proposed l e g i s l a t i o n , s o l i c i t a i d i n g e t t i n g
Jobs* e t c .
Ho m a t t e r o f g e n e r a l I n t e r e s t
t r e a t e d t o any g r e a t e x t e n t .
is
Box 191
Correspondence 1920-1922-L
Copy o f a b i l l Introduced by Senator Ladd
" t o e s t a b l i s h an honest money system"
(1921).
See "Ladd, Sen. S#2604."
The o t h e r m a t e r i a l i s correspondence from
constituents about proposed l e g i s l a t i o n , a i d i n
g e t t i n g jobs and pensions, and r e q u e s t s f o r
information, e t c .
general importance.
The m a t e r i a l I s of
little
33
Box n l p g
Correspondence 1920-1922-L-M
T h i s box c o n t a i n s a r e p o r t o f t h e Committee
on Banking o f t h e Merchants % A s s o c i a t i o n o f lew
f o r k i n r e s changes i n t h e " F e d e r a l Reserve Act 11
{See "Mead, Mr* S* C* n }»
The o t h e r m a t e r i a l
t h e box i e correspondence from c o n s t i t u e n t s
in
in
w h i c h t h e y * f o r t h e most p a r t j , seek S l a s s * a i d on
t h e i r p e r s o n a l problems, o r express o p i n i o n s on
l e g i s l a t i o n and w r i t e about o t h e r t h i n g s o f a
g e n e r a l l y unimportant nature*
ss&isa
Correspondence 1920-1922-M
T h i s box c o n t a i n s a copy o f a l e t t e r t o t h e
Mm l o r k Times f o r August 18* 1920* w r i t t e n by EfcSenator Henry C« Bfensborough i n which he a t t e m p t s
t o show where c r e d i t f o r t h e F e d e r a l Reserve l e t
should go* The l e t t e r may be o f some importance
p a r t i c u l a r l y as s u b s t a n t i a t i n g evidence o f a
c e r t a i n l i n e o f t h o u g h t on a u t h o r s h i p o f t h e Acto
There i s a l s o a l e t t e r and mimeographed pamphlet
t o d l a s s from H o l l l n s Randolph a t t e m p t i n g t o defend
t h e a c t i n t h e f a c e o f i t s many c r i t i c s , ,
(This
m a t e r i a l i s found i n t h e f r o n t o f a f o l d e r which
i s t h i c k w i t h m i s c e l l a n e o u s m a t e r i a l - no name or
t i t l e on t h e f o l d e r ) *
A l s o i n t h i s box a r e l e t t e r s about and c o u r t
proceedings a g a i n s t t h e V i r g i n i a S t a t e Veterinarian*
Ferreyhough*
The remainder o f t h e m a t e r i a l i n t h e box i s
r e l a t i v e l y u n i m p o r t a n t correspondence from c o n s t i t u e n t s about p e r s o n a l m a t t e r s such as a i d i n
s e c u r i n g Jobs* t r a n s a c t i o n s i n v o l v i n g d l a s s 1 cows
and farm* h e l p i n g e t t i n g v e t e r a n s 1 pensions * e t c 0
Box 194
Correspondence 1920-1922-M
This box c o n t a i n s upwards o f ca. 200 l e t t e r s
p e r t a i n i n g t o the government 1 s a c t i v i t i e s
Muscle Shoals i n Alabama and t o c e r t a i n
regarding the p r o j e c t .
(See f o l d e r
at
legislation
entitled,
"Muscle Shoals B i l l S - 3 3 9 0 " ) .
The other m a t e r i a l i n the box i s correspondence
from constituents and f r i e n d s of Glass regarding
unimportant and personal matters.
3&r
1
g s s L m
Correspondence 1920-1922-M
Correspondence f r o ® Glass 8
constituents
and f r i e n d s i n which t h e y , f o r the most p a r t ,
express t h e i r opinions on l e g i s l a t i o n matters*
seek h i s a i d i n s e c u r i n g pensions and j o b s ,
and t a k e up o t h e r m a t t e r s of a p e r s o n a l nature«.
The correspondence i s r e l a t i v e l y unimportant *
Box 196
Correspondence 192G-1922~M
Correspondence f r o i s Q l a s s f
constituents
and f r i e n d s i n w h i c h t h e y * f o r t h e most p a r t *
express t h e i r o p i n i o n s on proposed
legislation^
seek h i s a i d i n s e c u r i n g pensions and Jobs* and
t a k e up o t h e r m a t t e r s o f a p e r s o n a l n a t u r e •
f l i e correspondence i s n o t o f g r e a t g e n e r a l
importance•
Bo®JL<£
Correspondence 1920-1922-M
Correspondence from (Sl&ss*
constituents
and f r i e n d s i n which- t h e y * f o r t h e most p a r t *
express t h e i r o p i n i o n on proposed l e g i s l a t i o n ^
seek h i s a i d i n s e c u r i n g government j o b s and
pensions and t a k e up o t h e r m a t t e r s o f a
personal nature*
The m a t e r i a l i s n o t o f g r e a t
g e n e r a l importance,,
Box 198
Correspondence 1920-1922-M
Correspondence f r o m c o n s t i t u e n t s and
f r i e n d s o f Glass i n mhlch t h e y * f o r t h e most p a r t ^
express t h e i r o p i n i o n s on i m p o r t a n t m a t t e r s and
proposed l e g i s l a t i o n * and seek h i s a i d on such
t h i n g s as s e c u r i n g pensions^ Jobs*
etc*
transfers^
There- i s one f o l d e r p f o r example^ on t h e
"McFadden B i l l * R e l a t i v e t o N a t i o n a l Bank Taxes*"
Most o f t h e correspondence d e a l s w i t h
problems o f a p e r s o n a l n a t u r e and i s o f v e r y
general importance•
little
Box 199
Correspondence 1920-1922
Correspondence f r o © Q l m s 1
constituents
and f r i e n d s i n w h i c h t h e y * f o r t h e most p a r t ^
express t h e i r o p i n i o n s on proposed
legislation
or seek h i s a s s i s t a n c e i n g e t t i n g such t h i n g s
as pensions* t r a n s f e r s * j o b s and o t h e r m a t t e r s
of a personal nature*
Also a f o l d e r of
f r o » e d i t o r s of various publications
Glass t o ' w r i t e a r t i c l e s "on v a r i o u s
letters
asking
subjects*
The m a t e r i a l i s o f l i t t l e g e n e r a l importanceo
Box
Correspondence
200
192G~1922~0~f
Correspondence f r o m Q l a s s 1
constituents
and f r i e n d s i n w h i c h t h e y * f o r t h e most p a r t *
express o p i n i o n s on proposed l e g i s l a t i o n or
seek h i s a s s i s t a n c e i n g e t t i n g j o b s *
transfers*
and pensions and t a k e up o t h e r m a t t e r s o f
a personal nature•
unimportant«
The m a t e r i a l i s
relatively
Box 201
Correspondence 1920-1922-1
Correspondence from G l a s s 1
constituents
i n w h i c h t h e y seek h i s a i d on v a r i o u s p e r s o n a l
problems*
A l s o s e v e r a l f o l d e r s on t h e f o l l o w i n g
g e n e r a l s u b j e c t s - Negro problems* n a v a l a p p r o p r i a t i o n s and proposed l e g i s l a t i o n r e g a r d i n g t h e
n a v y , v a r i o u s problems c o n c e r n i n g t h e p o r t
Norfolk* Virginia*
These f o l d e r s c o n t a i n
of
letters
and l i t e r a t u r e e x p r e s s i n g o p i n i o n s and g i v i n g
d a t a on v a r i o u s aspects o f t h e problems considered,,
i
Bos 202
Correspondence 1920-1922-P
Correspondence from G l a s s '
constituents
and f r i e n d s i n w h i c h t h e y , f o r t h e most p a r t ,
( 1 ) express o p i n i o n s on proposed l e g i s l a t i o n ,
or
( 2 ) p l e a d f o r h i s v o t e on c e r t a i n m a t t e r s » o r
( 3 ) seek h i s a i d i n g e t t i n g government j o b s *
pensions, transfers* etc*
or
( 4 ) take up some
o t h e r m a t t e r of a r a t h e r personal n a t u r e „
m a t e r i a l contained h e r e i n i s r e l a t i v e l y
s i n c e i t does n o t r e l a t e t o m a t t e r s o f
significance.
The
unimportant
particular
Box 203
Correspondence 1920-1922-P
Correspondence from Glass*
constituents
andL-friends i n which they express opinions on
proposed l e g i s l a t i o n or seek M s a i d i n g e t t i n g
Jobs and o t h e r such p e r s o n a l n a t t e r s .
m a t e r i a l i s r e l a t i v e l y unimportant.
The
There i s
one f o l d e r on c e r t a i n proposed l e g i s l a t i o n t o
strengthen p r o h i b i t i o n enforcement.
Box 20%
Correspondence 1920-1922-F
Correspondence from Glass 5
and f r i e n d s i n w h i c h t h e y
constituents
( 1 ) express
o p i n i o n s on c u r r e n t a f f a i r s * or
(2)
their
solicit
h i s s u p p o r t on proposed l e g i s l a t i o n * o r
seek h i s a s s i s t a n c e i n s e c u r i n g j o b s *
o r pensions f o r them* o f
(3)
transfers
( 4 ) t a k e up soem o t h e r
m a t t e r o f a p e r s o n a l nature®
The m a t e r i a l c o n t a i n e d h e r e i n i s
n o t o f v e r y g r e a t g e n e r a l importance*
probably
Box 205
Correspondence 1920-1922-R
Correspondence from Glass®
and f r i e n d s i n which they
constituents
( 1 ) express t h e i r
opinions on current matters®
or
(2)
solicit
h i s support of c e r t a i n proposed l e g i s l a t i o n ,
or
( 3 ) seek his a i d i n securing them a j o b ,
t r a n s f e r , or pension, or
( 4 ) t a k e up some
other personal or r e l a t i v e l y
insignificant
matter.
The m a t e r i a l i s probably unimportant as
f a r as wide g e n e r a l i n t e r e s t i s concerned.
Box 206
Correspondence 1920-1922-R
Correspondence from Glass*
and f r i e n d s i n which they
(1)
opinions on current a f f a i r s , or
constituents
express t h e i r
(2)
solicit
h i s vote or support on c e r t a i n l e g i s l a t i v e
issues, or
( 3 ) seek h i s a s s i s t a n c e i n g e t t i n g
Jobs, t r a n s f e r s , paroles, pensions, e t c .
or
( 4 ) take up scsne other matter o f a personal
nature.
The m a t e r i a l i s r e l a t i v e l y unimportant
as f a r as general i n t e r e s t i s concerned.
343
Box 207
Correspondence 1920-1922-R
Correspondence from Glass*
and f r i e n d s i n which they
constituents
<1) s o l i c i t h i s
s u p p o r t o f c e r t a i n l e g i s l a t i o n , or
( 2 ) express
t h e i r opinions on current a f f a i r s , or
( 3 ) seek
h i s a s s i s t a n c e i n g e t t i n g Jobs, t r a n s f e r s ,
p a r o l e s a pensions 8 e t c .
personal matter w i t h him.
o r { 4 } t a k e up some
There i s one f o l d e r
d e a l i n g w i t h the merits of the U.S. t r a d i n g w i t h
Russia.
See "Russian Trade."
Host of the
m a t e r i a l i s r e l a t i v e l y unimportant as f a r as wide
general I n t e r e s t I s concerned.
There i s a l s o a
f o l d e r r e g a r d i n g our government sending a r e p r e s e n t a t i v e t o the Vatican i n Rome.
to Vatican."
See "Rome, Rep.
Bos 208
Correspondence 1920-1922-S
Correspondence f r o m Glass•
constituents
and f r i e n d s r e g a r d i n g such m a t t e r s as government
j o b s , t r a n s f e r s 5 pensions, l e g i s l a t i o n ,
etc.
f l i e m a t e r i a l i s o f l i t t l e importance as f a r as
g e n e r a l I n t e r e s t i s concerned, s i n c e i t
deals
e n t i r e l y w i t h problems a f f e c t i n g o n l y a s m a l l
group o f p e o p l e o r even J u s t one i n d i v i d u a l , ,
Box 209
Correspondence 1920-1922
Correspondence from Glass 1 f r i e n d s and
c o n s t i t u e n t s i n which t h e y
o p i n i o n s on c u r r e n t m a t t e r s ,
( 1 ) express t h e i r
or ( 2 ) s o l i c i t
s u p p o r t on c e r t a i n proposed l e g i s l a t i o n ,
his
or
( 3 ) seek h i s a s s i s t a n c e i n s e c u r i n g p e n s i o n s ,
Jobs, t r a n s f e r s , p r o m o t i o n s , p a r o l e s , e t c .
them,
for
or ( 4 ) t a k e up some m a t t e r o f a p e r s o n a l
nature.
S i n c e most o f t h e m a t e r i a l concerns o n l y a
few I n d i v i d u a l s , i t i s f o r t h e most p a r t u n i m p o r t a n t
as f a r as general I n t e r e s t I s concerned.
Bos 210
Correspondence 1920-1922-S
Correspondence from constituents and
f r i e n d s o f Glass i n which t h e y
( 1 ) express
t h e i r opinions on c u r r e n t m a t t e r s , or
(2)
s o l i c i t h i s support on various proposed
l e g i s l a t i o n , or
( 3 ) seek h i s assistance i n
g e t t i n g Jobs, t r a n s f e r s , promotions, pensions,
paroles, e t c .
or
( 4 ) t a k e up some other matter
o f a personal nature.
The m a t e r i a l i s
relatively-
unimportant so f a r as g e n e r a l i n t e r e s t i s concerned.
Box 211
Correspondence 1930-1922~S
T h i s box c o n t a i n s a f o l d e r o f correspondence
i n d i c a t i n g some c o n t r o v e r s y between Glass and Hear
A d m i r a l S i n s over a Senate i n v e s t i g a t i o n i n which
Glass e v i d e n t l y brought out some i n f o r m a t i o n a g a i n s t
Sims* Sims had e v i d e n t l y made some r a t h e r u n d i p l o m a t i c u t t e r a n c e s f o r which he was b e i n g i n v e s t i g a t e d *
See "Sims* Rear A d m i r a l " ,
There a r e a l s o f o l d e r s r e l a t i n g t o t h e U« S*
S h i p p i n g Board* and t o t h e s c a r c i t y and h i g h p r i c e
o f sugaro
The o t h e r m a t e r i a l i n t h e box i s correspondence
from Glass ? c o n s t i t u e n t s and f r i e n d s i n which t h e y
( 1 ) express o p i n i o n s on c u r r e n t a f f a i r s * or
(2)
s o l i c i t h i s support o f proposed l e g i s l a t i o n * o r ( 3 )
seek h i s a s s i s t a n c e i n g e t t i n g j o b s * t r a n s f e r s *
premotions* pensions* p a r o l e s * pardons* e t c * or ( k )
t a k e up some o t h e r p e r s o n a l m a t t e r w i t h him*
The m a t e r i a l i n t h e box i s f o r t h e most p a r t of
l i m i t e d general i n t e r e s t *
'J**1***
Box 212
Correspondence 1920-1922~S
Correspondence from §la.ss s
and f r i e n d s i n w h i c h t h e y
on c u r r e n t a f f a i r s ^ o r
proposed l e g i s l a t i o n * or
constituents
( 1 ) express t h e i r
opinions
(8) s o l i c i t h i s support f o r
( 3 ) seek M s a i d i n g e t t i n g
j o b s * pensions $ t r a n s f e r s ^ pr emotions t e t c *
or
t a k e up.some o t h e r m a t t e r o f a p e r s o n a l n a t u r e *
Two f o l d e r s i n t h i s box c o n t a i n a r a t h e r
l a r g e number o f l e t t e r s *
They a r e concerned w i t h
t h e Sheppard-Towner m a t e r n i t y b i l l and a proposed
i n c r e a s e i n second-class p o s t a l n o t e s *
(k)
Box 213
Correspondence 1920-1922-S
Correspondence f r o ® Glass*
and f r i e n d s i n which they
constituents
( 1 ) express t h e i r opinions
on v a r i o u s c u r r e n t a f f a i r s , or
vote on proposed l e g i s l a t i o n , or
{£) s o l i c i t
his
( 3 ) seek h i s a i d
i n g e t t i n g j o b s , pensions, t r a n s f e r s ,
promotions,
compensation, p a r o l e s , army discharges, e t c .
or
( 4 ) take up some matter of a personal n a t u r e w i t h
him.
For the most p a r t the m a t e r i a l i s r e l a t i v e l y
unimportant.
Box 214
Correspondence 1920-1922-S
This box c o n t a i n s a f o l d e r e n t i t l e d
" S t r a u s s , Hon. A l b e r t " i n which v*aay be found a
copy of Lloyds Bank Monthly. On page 117 of the
Journal I T t t T a r t f e Ae on 'the F e d e r a l Reserve System
and Carter Olass. I t i s i n defense o f the Federal
Reserve System which was b e i n g c r i t i c i z e d a t t h e
time f o r i t s d e f l a t i o n a r y p o l i c y .
The other m a t e r i a l i n the box i s correspondence
from Olass * c o n s t i t u e n t s and f r i e n d s i n which t h e y
( 1 ) express opinions on current a f f a i r s , or
(2)
s o l i c i t h i s support on proposed l e g i s l a t i o n , or
(3)
seek h i s a s s i s t a n c e i n g e t t i n g a Job, pension* p r o m o t i o n ,
t r a n s f e r , p a r o l e , e t c . or ( 4 ) t a k e up some o t h e r m a t t e r
o f a p e r s o n a l n a t u r e w i t h him.
Because the m a t e r i a l deals l a r g e l y w i t h matters
c o n c e r n i n g o n l y a few people i t i s f o r t h e most p a r t
r e l a t i v e l y unimportant.
Box 215
Correspondence 1920-1922-T-U
Correspondence from Glass 1 constituents
and f r i e n d s i n which t h e y ( 1 ) express t h e i r
opinions
on c u r r e n t m a t t e r s , or ( 2 ) s o l i c i t h i s v o t e on
proposed l e g i s l a t i o n , or
( 3 ) seek h i s a i d i n g e t t i n g
government Jobs, pensions, p r o m o t i o n s , p a r o l e s ,
transfers, etc.
or
( 4 ) take up s a m other matter
w i t h him.
There i s a f o l d e r of c a . 100 l e t t e r s from
people e x p r e s s i n g t h e i r thoughts cm the Four-Power
Treaty.
See "Treaty."
The m a t e r i a l I s f o r the most p a r t unimportant
as f a r as general i n t e r e s t goes.
Box 355
Correspondence 1920-1922-T-U
•Correspondence from c o n s t i t u e n t s *
friends
and business concerns t o Glass i n which t h e y
(1)
express t h e i r o p i n i o n s on v a r i o u s m a t t e r s * or
(2)
s o l i c i t h i s support o f proposed l e g i s l a t i o n ^
or
( 3 ) seek h i s a i d i n g e t t i n g j o b s * t r a n s f e r s *
pro-
m o t i o n s * pensions* e t c * o r
matter of a personal nature*
{ k ) t a k e up some o t h e r
Correspondence r e l a t i n g
t o proposed l e g i s l a t i o n i s f i l e d a c c o r d i n g t o t h e
name o f t h e congressman s u b m i t t i n g t h e
bill*
Because o f the l i m i t e d number o f people
concerned* most o f t h e correspondence i s
'unimportant*
relatively
Box 21?
Correspondence 1920-1922-W
One f o l d e r i n t h i s box c o n t a i n s l e t t e r s
between Glass and a c o n s t i t u e n t i n which t h e y seen t o
d i s a g r e e on t h e proper r a t e o f r e d i s c o u n t s t h e proper
course f o r t h e F e d e r a l Reserve t o t a k e * and o t h e r
n a t t e r s (1920)* See " W i l l i a m s ^ I r * Langhorne M*ff
There i s a l s o a f o l d e r o f correspondence
r e l a t i n g t o t h e a u t * v i t i e s o f t h e War Finance Corp*
and c o n c e r n i n g t h * proposed r e v i v a l o f i t s a c t i v i t i e s
t o h e l p r e l i e v e farm d i s t r e s s i n 1920* See "War
Finance Corporation* 1 1
The o t h e r m a t e r i a l i n t h e box i s correspondence
t o 6 l a s s from f r i e n d s , c o n s t i t u e n t s * and business organi s a t i o n s i n which t h e y ( 1 ) express t h e i r t h o u g h t s on
c u r r e n t a f f a i r s * or ( 2 ) s o l i c i t h i s s u p p o r t o f c e r t a i n
l e g i s l a t i o n * or ( 3 ) seek h i s a i d i n g e t t i n g j o b s * p a r o l e s
t r a n s f e r s * e x e c u t i v e clemency* pensions„ s t r .
or ( 4 )
t a k e up some o t h e r m a t t e r o f a pm ^oaal n a t u r e *
Correspondence r e l a t i n g t o proposed l e g i s l a t i o n
i s o f t e n f i l e d under t h e name o f t h e congressman who
submitted the b i l l *
Because o f t h e l i m i t e d number o f people concerned
most o f t h e m a t e r i a l i s n o t o f g r e a t g e n e r a l importance *
Box 218
This box c o n t a i n s -a f o l d e r of correspondence between Q l m z
and John S k e l t o n W i l l i a m s , one-time Comptroller o f the
Currency. There are ca. 200 l e t t e r s , ( 1 ) A l e t t e r f r o a
Glass (January 25, 1922) I n which he s t a t e s t h a t i n h i s
f i r s t d r a f t o f the Federal Reserve Act he provided t h a t
the Sec. o f A g r i c u l t u r e should be e x - o f f i e i o member of
t h a F . R . Board* He discusses the type of men t h a t should
be members, ( 2 ) Another l e t t e r (January 3 , 1922) i n
expresses b e l i e f t h a t the F . R . S . has been extravagant
i n i t s b u i l d i n g program and too l i b e r a l i n the matter of
o f f i c e r s ' s a l a r i e s . A g r i c u l t u r a l i n t e r e s t s and cse •f.R.
S. are also mentioned. ( 3 ) L e t t e r (January 31* 1922)
claiming t h a t Glass heard Senator H e f l i n rehearsing a
speech a t t a c k i n g t h * F . R . S . which iiad been wrxrteM l y
W i l l i a m s . The l e t t e r was 3r answer t o
rftlliam'n
.ion
t o a spetch by Glass i n defense of F.R.b
( 4 ) hezlc.e
(February 6 , J922* discussing disa^reei.-s»nts w i i n
feilita^s
o o n t a i n i r g statement by Glasn th&c .e was
H e f l i n not t o smwk i n defense of the F.fi S l r tfcs
Senace. He was t o l a t h a t i f *ie d i d the pat*.rnl'u> o f
b i l l would be ascribed t o a Geiman econou i s t r a -he.' tM-n
himself.
( 5 ) S«v@«@l l e t t e r s fro© W i l l i a m s charg* ig
extravagant and poor administration of t h e &ew York
F e d e r a l Reserve Bank. ( 6 ) L e t t e r fro® Glass (June 17s
1921) i n which he deplores the f a i l u r e o f the Federal
Reserve t o c a l l f o r Governor S t r o n g 5 s resignation*
Another
l e t t e r (May 19, 1921) r e f e r r i n g t o Strong.
( 7 ) Many l e t t e r s
from Williams r e : the confirmation by the Senate of his
appointment as Comptroller of the Currency,
( 8 ) Many other
l e t t e r s r e l a t i n g t o banking and f i n a n c i a l matters are
included. T h i s f o l d e r i s probably a r a t h e r important one
i n t h i s p a r t i c u l a r f i e l d . See " W i l l i a m s , Hon, Jno.
Skelton."
Hie o t h e r m a t e r i a l i n t h i s box i s correspondence
t o Glass from c o n s t i t u e n t s , f r i e n d s , business concerns,
e t c . i n which t h e y ( 1 ) express t h e i r opinions on various
m a t t e r s , or ( 2 ) s o l i c i t h i s support on proposed l e g i s l a t i o n ,
or ( 3 ) seek h i s a i d i n g e t t i n g Jobs, t r a n s f e r s , p e n s i o n s ,
compensation, p a r o l e s , e t c . or ( 4 ) take up some other
matter of a personal nature. Most of the m a t e r i a l of
t h i s type i s r e l a t i v e l y unimportant,
Box 21$
Correspondence 1920-1922
T M b box c o n t a i n s a f o l d e r o f correspondence
t o and f r o ® B. B* Wlnfree<> Slass ? p r i v a t e s e c r e t a r y
d u r i n g t h e y e a r s 1920-1922.
The o t h e r m a t e r i a l i s correspondence t o Ql&se
f r o i i c o n s t i t u e n t s ^ f r i e n d s * business
organisations*
etc* i n which t h e y ( 1 ) express t h e i r o p i n i o n s on
c u r r e n t a f f a i r s , or (2) s o l i c i t h i s s u p p o r t on proposed
l e g i s l a t i o n * or ( 3 ) seek M s a s s i s t a n c e i n g e t t i n g
j o b s , pensions* t r a n s f e r s * e t c * or
( 4 ) t a k e up some
other matter of a personal nature *
Most o f t h e m a t e r i a l i s r e l a t i v e l y
inslgnlflean
Box 820
Correspondence 1920-1922~W
Correspondence t o G l a s s f r o m c o n s t i t u e n t s *
f r i e n d s * business organisations* etc* i n which they
( 1 ) e x p r e s s o p i n i o n s on v a r i o u s m a t t e r s * o r
(2)
s o l i c i t h i s s u p p o r t on c e r t a i n l e g i s l a t i o n *
or
seek h i s a s s i s t a n c e i n g e t t i n g j o b s *
t r a n s f e r s § e t c * or
(3)
pensions*
( 4 ) t a k e up some o t h e r m a t t e r
of a personal nature•
The m a t e r i a l i s f o r t h e most p a r t
insignificant*
relatively
Box 821
Correspondence 1920-1922-T-U
This box contains a f o l d e r of correspondence
w i t h an o f f i c e r of the A n t i Saloon League.
p o l i t i c a l m a t t e r s are d i s c u s s e d .
Various
See "Wheeler, Mr*
Wayne B , "
The other m a t e r i a l c o n t a i n e d h e r e i n i s
correspondence t o Glass f r o ® f r i e n d s ,
constituents
and business organizations, i n which they ( 1 ) express
t h e i r opinions on current matters, or
(2) s o l i c i t
Ms
vote on proposed l e g i s l a t i o n , or ( 3 ) seek h i s assistance
i n g e t t i n g Jobs, compensation, t r a n s f e r s , e t c .
or
(4)
take up some other matter of a personal nature»
Most of the m a t e r i a l i s r e l a t i v e l y
insignificant«
Box 222
Correspondence 1920-1922-W-X-Y-Z
I M i box contains a f o l d e r o f correspondence
t o and from Kiss Mary W a l l a c e , G l a s s ' s t e n o g r a p h e r .
See " W a l l a c e . . . " I n the f o l d e r i s a l e t t e r t o h e r
from C»D. Haamer, who was e v i d e n t l y a former stenographer. This l e t t e r d e s c r i b e s t h e f i l i n g system
used w h i l e he was employed. L e t t e r , dated A p r i l 8 , 1921
nay be u s e f u l i n d e t e r m i n i n g how t h i n g s were f i l e d .
$he other m a t e r i a l i s correspondence t o
G l a « * f r o m c o n s t i t u e n t s , f r i e n d s , business o r g a n i s a t i o n s
ete^ iin ^ h i c h t h e y ( 1 ) express t h e i r o p i n i o n s on
current a f f a i r s , or ( 2 ) s o l i c i t h i s s u p p o r t on c e r t a i n
p r o p o s e l e g i s l a t i o n , o r ( 3 ) seek h i s a s s i s t a n c e i n
get/fc&njgvJobs9 p e n s i o n s , t r a n s f e r s , clemency i n c o u r t
m a r t i a l cases, e t c . or ( 4 ) take up some other matter
of a personal n a t u r e . The m a t e r i a l l a f o r t h e most p a r t
relatively insignificant.
Box 223
Correspondence L e g i s l a t i v e
1920-1981
T h i s box c o n t a i n s l e t t e r s t o Glass r e q u e s t i n g l i t e r a t u r e ® i n c l u d i n g copies of b i l l s a
government documents, e t c .
speeches,
Glass acknowledgements
o f each l e t t e r I s a l s o i n c l u d e d .
The m a t e r i a l i s o f l i t t l e g e n e r a l i m p o r t a n c e .
if 'l .
z l o
Box 224
Correspondence L e g i s l a t i o n 1920-21 w i t h Delano
This box contains;
1*
A f o l d e r of correspondence w i t h Olass on t h e
subject o f t a x a t i o n and t h e h i g h c o s t o f l i v i n g s
d a t e d c a . 1920. Correspondence r e g a r d i n g t h e
usefulness o f the B . L . S . cost of l i v i n g index i s
a l s o included. The correspondence i s not onlu
w i t h Delano, but w i t h other people as w e l l -
2.
A f o l d e r of ca. 300 l e t t e r s res the Federal Farm
Loan Act - Proposed amendments, p o l i c i e s o f t h e
banks, e t c . The l e t t e r s are dated from 1919 t o
1922.
3o
A f o l d e r of ca. 100 l e t t e r s regarding proposed
t a x r e v i s i o n s i n 1919-21.
4.
A f o l d e r o f c a . 100 l e t t e r s r e : t h e s o l d i e r s
bonus, dated mostly 1922. The f i r s t two l e t t e r s
i n t h i s f o l d e r seem t o be out of place. One
(dated 1926) has t o do w i t h branch banking by
s t a t e banks and proposed l e g i s l a t i o n r e l a t i n g
t h e r e t o . The second i s a l e t t e r from C a r d e l l H u l l
t o a Tennessee p u b l i c a t i o n (dated 1926) r e f e r r i n g
t o t h e farm problem.
t
Box 225
Miscellaneous Correspondence, Speeches, and L e g i s l a t i o n ,
1914-1944.
General Statement Ho one type o f item I s predomlnent i n t h i s b o x .
Probably the most important a r e those d e a l i n g w i t h
banking and monetary l e g i s l a t i o n b u t even these a r e conf i n e d p r i m a r i l y t o speeches and r e l a t i v e l y i n s i g n i f i c a n t
l e t t e r s . Correspondence on the a t t e m p t e d c o u r t p a c k i n g
biy Hoosevelt and on the p l i g h t of the c o t t o n farmers I n
1 9 1 4 a r e a l s o Included. Most of the m a t e r i a l i s dated i n
the m i d d l e and l a t e 1930'a.
A more d e t a i l e d l i s t of items f o l l o w s :
1.
L e t t e r s i n d i c a t i n g a claah of ideas between Represent a t i v e Henry of Texas and Glass over the question of
proper a i d t o cotton farmers.
(1914).
2.
L e t t e r s regarding appointment of l o c a l postmasters,
(ca. 10).
3.
L e t t e r s of a personal nature and some regarding
business matters on Glass* farm, ( c a . 1 5 ) .
4.
Copy of a speech of Representative Henry B. S t e a g a l l
before meeting o f s u p e r v i s o r s o f s t a t e banks ( 1 9 3 6 ) .
Speech deals w i t h F . D . I . C . and branch banking, e t c .
5.
A r t i c l e p r a i s i n g Glass i n h i s speech a t t a c k i n g the
court packing attempt by Roosevelt. ( 1 9 3 7 ) .
6.
L e t t e r from Leo T. Crowley, Chairman, F . D . I . C . (1936)
t o which i s attached copy of speech d e l i v e r e d b e f o r e
meeting of supervisors of s t a t e banks. Speech d e a l s
w i t h s u f f i c i e n c y of F . D . I . C . as insurer of bank deposits.
7.
L e t t e r s and p e t i t i o n s from attorneys appealing f o r an
a d d i t i o n a l judge i n the Western d i s t r i c t of V i r g i n i a .
(1937).
8.
Speech of Hon. Henry S t . George Rucker of V i r g i n i a i n
the House of Representatives ( I 9 2 6 ) opposing an approp r i a t i o n f o r the " w e l f a r e and hygiene of maternity arid
infancy."
Box 225 (Fag® 2}
l e t t e r from Cordell B u l l , Secretary o f S t a t e ,
(1944) enclosing a copy of a paper prepared during
the conversations a t Dumbarton Oaks. Paper i s
e n t i t l e d , "Proposals f o r the Establishment of a
General I n t e r n a t i o n a l Organization."
Speech by S i r Charles Addis e n t i t l e d , "The Hem
Monetary Technique."
(1936).
Box 226
Correspondence Personal and L e g i s l a t i v e 1920-25®
T h i s box c o n t a i n s a s e r i e s o f f o l d e r s each c o n t a i n i n g
correspondence t o a p a r t i c u l a r person o r about a p a r t i c u l a r
s u b j e c t . I m p o r t a n t items i n t h e box i n c l u d e :
1.
Polder o f l e t t e r s t o and from 3 . F. Mooraaw, farmer i n
which Glass deals m o s t l y w i t h t h e p l i g h t o f t h e farmers,
r e v i v i n g the War Finance Corp., farm p r i c e s , e t c .
2.
Folder of l e t t e r s i n which appeared a l e t t e r from Glass
describing a scheme proposed by him t h a t was an
"automatic q u a l i f i c a t i o n which would e f f e c t i v e l y exclude
negroes from r e g i s t r a t i o n " f o r voting i n V i r g i n i a . The
l e t t e r was dated February 25, 1921. See "Harrison, Hon,
T . W."
3.
A l e t t e r t o Mr. W. C. Harrison i n which Glass discusses
the speeches made by H e f l l n a t t a c k i n g a previous speech
by Glass r e * the Federal Reserve System. (October 2 5 ,
1923).
4.
There are
Everls A.
regarding
banking,
5.
A memorandum "as t o the s u b s t i t u t i o n of the 1 i n t e r e s t
charge 1 on the uncovered p o r t i o n of Federal Reserve notes
. . . . f o r the present payment t o the United States ss a
franchise t a x o f the balance of earnings remaining a f t e r
t h e payment
of dividends on s t o c k and appropriation t o
s u r p l u s „ M T h i s memorandum i s n o t i n a f o l d e r and i s
accompanied by a l e t t e r t o Hon. S. P. G i l b e r t * J r .
6.
L e t t e r from Glass t o D r . Laurence W. A b b o t t answering
c r i t i c i s m o f t h e F . R . Act and a d m i n i s t r a t i o n o f the
system, (dated March 8 , 1923). See "Abbott
. I n
the same f o l d e r are two l e t t e r s c r i t i c i s i n g the system*
one from Willoughby Mr. McCormick and another from 1.
H. Cable.
7.
A f o l d e r of correspondence w i t h Mr. R. G* Edmonds, e d i t o r
o f the Manufacturers Record. I n t h i s correspondence tfea
two c a r r i e d on a r a t h e r heated controversy over t h e
some loose l e t t e r s , not i n f o l d e r s t o Hon*
Hayes, formerly of the House of Representatives 3
the McFadden B i l l which d e a l t w i t h branch
(dated 1925).
Box 226
(Pag© 2 )
r e v i v a l o f t h e Mar Finance C o r p o r a t i o n , t h e " d e f l a t i o n "
p o l i c y o f t h e F e d e r a l Reserve B o a r d , e t c . Tfee c o n t r o v e r s y ended w i t h a severance o f correspondence
between them.
F o l d e r s o f correspondence o f l e s s o r importance d e a l i n g
w i t h v a r i o u s p u b l i c and p e r s o n a l m a t t e r s .
Box 227
Correspondence L e g i s l a t i v e and Personal 1920-25
Thla box contains folders of correspondence w i t h
various people and about various subject - each person
or subject i n a separate folder.* Included a r e :
1.
About 150 l e t t e r s r e : the Johnson Immigration £111
i n 1924, from Glass* constituents.
2.
About 250-350 l e t t e r s from constituents urging
Glass t o l e t his vote on the s o l d i e r s ' bonus b i l l
be i n accord w i t h t h e i r views. (1922-1924).
3.
Other l e t t e r s of lesser importance
Box 228
Correspondence P e r s o n a l and L e g i s l a t i v e
1920-1925.
I n c l u d e d i n t h i s box ares
1.
A f o l d e r o f correspondence and e d i t o r i a l s r e s
t h e c o n t e s t between Mapp and Byrd f o r g o v e r n o r
V i r g i n i a ( 1 9 2 5 ) . See HKapp and B y r d . "
of
2.
Correspondence w i t h A l b e r t Rathbone r e g a r d i n g t h e
F o r e i g n debt owed t h e U. S . by F r a n c e , G r e e c e , e t c *
and other f i n a n c i a l n a t t e r s .
3.
P o l i t i c a l correspondence w i t h R o b e r t Woolley.
4.
Other correspondence o f l e a s e r
importance.
-a^r
3*7
box 22?
Correspondence L e g i s l a t i v e 1920-25.
This box contains t
1.
Ca. 50 l e t t e r s res Secretary of Treasury Mellon's
ideas f o r reduction of taxes.
2.
Ca. 100-150 l e t t e r s requesting copies of a speech
nade by Glass against the KcNary-Haugen Farm R e l i e f
B i l l . Also l e t t e r s congratulating Glass on his
stand.
3.
Ca. 25 l e t t e r s res Increased pay f o r f e d e r a l Judges.
About 200-250 l e t t e r s requesting copies of speeches #
l i t e r a t u r e , etc.
122LJ22
Correspondence Legislation 1920-25.
This box containss
1.
About 50 l e t t e r s regarding a proposed amendment t o
the c o n s t i t u t i o n which would permit the Federal government t o enact a c h i l d labor law.
2.
Upwards of 300 l e t t e r s congratulating Glass on his
speech regarding the funding of the B r i t i s h War
Debt and asking f o r copies of the speech.
3.
About 50-100 l e t t e r s regarding a r e v i s i o n of the proh i b i t i o n laws. (1924).
4.
Correspondence (about 100-150 l e t t e r s ) regarding
proposed l e g i s l a t i o n having t o do w i t h s t a t e taxation
of n a t i o n a l banks.
5«
Folder of correspondence regarding proposed changes
I n the income tax laws, especially corporate Income
taxes, (ca. 75 l e t t e r s . )
6.
A f o l d e r of l e t t e r s regarding a proposed emergency
tariff bill.
7.
Other items of lesser importance.
Box 231
Correspondence res L e g i s l a t i o n 1920-27.
Miscellaneous correspondence from constituents
expressing approval of or opposition t o proposed
legislation.
Such things as t a x b i l l s , f o r e i g n d e b t ,
t r e a t y r a t i f i c a t i o n , t a r i f f s , post o f f i c e department, e t c .
are r e f e r r e d t o .
significance.
Most of the correspondence l a of
little
V7 0
Box 232
Correspondencet Bequests f o r copies o f Speeches, 1920-30.
T h i s box c o n t a i n s 1
1.
A f o l d e r o f l e t t e r s congratulating Glass on t i l s
r e - e l e c t i o n t o the Senate I n 1930.
2.
About 300 o r more l e t t e r s p r a i s i n g Glass on a
speech made i n 1924, and a s k i n g f o r c o p i e s o f
it.
Speech was e n t i t l e d , "Government by I n v e s t i g a t i o n
vs.
Government by Suppression.
Bo*
2
?3
I n v i t a t i o n s , 1921.
This box contains requests f o r Glass
t o speak t o or attend various Conferences,
meetings, e t c .
importance.
They are of l i t t l e general
Correspondence L e g i s l a t i o n 1920-21. F e d e r a l Reserve Banks.,
T h i s box c o n t a i n s :
1.
A p r i n t e d copy of t h e views of c e r t a i n a m b e r s o f t h e
Senate Committee on Banking and Currency c o n c e r n i n g
t h e F e d e r a l Reserve A c t . (1.913)»
2.
A l e t t e r from W.F.G. Harding t o member banks (mimeographed) e x p l a i n i n g why I t i s n o t d e s i r a b l e f o r t h e
member banks t o share i a t h e e x t r a l a r g e e a r n i n g s o f
t h e F e d e r a l Reserve Banks any more t h a n t h e i r . n o r m a l
( A p r i l 2 2 , 1920),
3.
An a r t i c l e w r i t t e n by B, Parker W i l l i s c a l l e d , "The
R e s p o n s i b i l i t y o f The F e d e r a l Reserve System" i n which
he goes I n t o the causes of the I n f l a t i o n c f 1919-20,
etc.
A p h o t o s t a t e d <?ogy o f q u e s t i o n n a i r e on " t h e h i g h cost
o f l i v i n g " ( 1 9 2 0 ) . I t seems t o have been prepared by
the Republican n a t i o n a l Committee and contains questions
r e g a r d i n g t h e causes, e f f e c t s , r e m e d i e s , e t c .
5«
Correspondence (1922) between t h e Governor o f the F e d e r a l
Reserve Bank of A t l a n t a and two M a s h v i l l e Tennessee
member banks concerning c e r t a i n bonds t h a t were r e discounted w i t h t h e F«R. bank*, e t c . and a controversy
between them over repayment of the l o a n .
6c
A l e t t e r from Harding t o the Chairman o f t h e Senate
B a n k i n g Committee I n w h i c h he e x p l a i n s t h e t h e o r y o f
and defends t h e p r o g r e s s i v e r e d i s c o u n t r a t e used by t h e
F e d e r a l Reserve Bank o f A t l a n t a d u r i n g the e a r l y 2 0 ' s *
7.
An e i g h t page memorandum quoting statements made against
members o f t h e F e d e r a l Reserve System by Senators H e f l i n
and Watson which are l i b e l o u s i n t h e i r content except
f o r the c o n s t i t u t i o n a l immunity o f s e n a t o r s . ( J u l y 12,
1922.) The statement l a prepared by E. W. Freeman,
Assistant Counsel f o r the F . R. Beard*
8.
Copy o f remarks made by a Wisconsin banker a g a i n s t a
b i l l s e e k i n g t o p r o v i d e f o r t h e payment o f exchange cm
checks«
373
Box 2 3 1
9„
(Page 2 )
L e t t e r s , ( d a t e d 1922) from various bankers and others
i n fee country, recommending the reappointment of
W.P.G. Harding as governor of the F . R. Board.
10.
A mimeographed l e t t e r from W.P.G. Harding t o John
Skelton Williams (January 31» 1921) answering charges
of mismanagement made by W i l l i a m s a g a i n s t the Board*
11.
A mimeographed copy of a r e p o r t o f a s p e c i a l committee
of the Federal Reserve Board answering charges made
against i t by John Skelton Williams and f u r t h e r
c h a r g i n g Mr. Williams w i t h a f a i l u r e t o c a r r y out M s
d u t y . (Bated February 2 f l , 1921,)
12.
Another l e t t e r from Harding t o Williams ( A p r i l 4 , 1921)
a f t e r Williams had l e f t the Comptroller p o s t , I n which
Harding, w r i t i n g f o r the F . R. Board, answers f u r t h e r
charges previously made by W i l l i a m s .
13.
A l e t t e r from the Federal Reserve Bank of New York t o
W.P.G. Harding i n which the bank o f f i c e r s submit
Information and r e f u t e charges made s p e c i f i c a l l y a g a i n s t
t h a t bank by John Skelton Williams.
(Dated March 16,
1921).
14.
A mimeographed l e t t e r from W.P.G. Harding t o the Senate
e x p l a i n i n g the Board's actions i n having Senator Glass *
speech i n defense of the Board c i r c u l a t e d .
15-
Copy of Commerce and Finance f o r March 15, 1922,
contalnlng an e d i t o r i a l , ' ^ I r e t h e Reserve Banks Exceeding
t h e i r Functions?"
16.
A synopsis of the decision of the U.S. D i s t r i c t Court
i n the case of Brookings S t a t e Bank v s . F . R. Bank o f
San Francisco. A l s o complete copy of Judge's opinion.
17-
"A Reply t o the C r i t i c s of the Federal Reserve System."
a t y p e w r i t t e n statement by H o l l l n s N. Randolph.
18.
A l e t t e r from John Skelton Williams t o Glass (May 2 8 ,
1921) discussing what he thinks the F . R.Board should
have don© t o a v o i d such a sudden d r o p i n p r i c e s .
19.
L e t t e r s between W.P.G. Harding and the Governor of
Xebraska concerning the need f o r c r e d i t r e l i e f by
Nebraska f a r m e r s .
Box 23%
{Page 3 )
20.
L e t t e r from W.P.G. Harding t o Glass regarding the
cost of b u i l d i n g the Federal Reserve Bank of Hew York
and answering charges of extravagance made by John
Skelton W i l l i a m s .
21.
Copy of a l e t t e r from W.P.Q. Eardlng t o Senator Owen
r e p l y i n g t o a l e t t e r of Owens i n which he had urged
t h a t steps be taken t o b r i n g L i b e r t y Bonds back t o par.
22»
Copy of a l e t t e r from John Skelton Williams (February
2 6 , 1921) t o W.P.G. Harding i n which Williams continues
t o charge poor a d m i n i s t r a t i o n , e t c .
23.
Some pages from the Congressional Record containing
words made by Senator H e f l l n a t t a c k i n g H. Parker W i l l i s ,
W.P.a. Harding, the Federal Reserve Board and others.
24.
A copy of a l e t t e r from W.P.G* Harding t o Senator
Lenroot on the subject of the Federal Reserve c l e a r i n g
system. ( A p r i l 1 , 1920).
25.
A speech by W.P 0 . Harding e n t i t l e d , "A B r i e f Discussion
of Present Conditions," December 7* 1920, d e l i v e r e d
before American Farm Bureau Federation, I n d i a n a p o l i s *
26.
A paper on par remittance by H o l l l n a H. Randolph.
27.
L e t t e r s from John Skelton Williams t o Senator Smoot
charging the Federal Reserve System w i t h paying excessive
s a l a r i e s . Also l e t t e r s t o Smoot from Edmund P i a t t ,
vice-Governor of the Federal Reserve Board answering
W i l l i a m ' s charges.
28.
Other items, mostly concerned w i t h the Federal Reserve
System.
Correspondence T a r i f f
1921-22.
T h i s box c o n t a i n s ;
1.
Ca. 200 or wore l e t t e r s t o Glass from c o n s t i t u e n t s , r e g a r d i n g proposed p r o t e c t i v e
t a r i f f b i l l s and s o - c a l l e d emergency t a r i f f
b i l l s . G l a s s ' answer t o each l e t t e r i s a l s o
included.
(1921).
2.
About 200 l e t t e r s o f t h e same g e n e r a l d e s c r i p t i o n as i n No. 1 , except t h a t t h e y r e f e r
t o proposed t a r i f f measures i n t h e year 1922«
I n most cases t h e l e t t e r s a r e i n t h e i n t e r e s t
o f c e r t a i n groups a f f e c t e d by t h e t a r i f f s
and d e a l w i t h p a r t i c u l a r problems o f t h e
writers.
Box 236
Correspondence: Woodrow Wilson Foundation,
1921-23.
Correspondence regarding the Woodrow
Wilson Foundation Fund*a d r i v e t o r a i s e $50,000
in Virginia.
Fund.
Olass was s t a t e Chalrnan of the
H i
Box 2?7
About 150 or more l e t t e r s
praising
Glass on h i s speech "The Trufh About the
F e d e r a l Reserve System," and a s k i n g f o r copies
Of i t o
(1922) 0
Box 238
Requests f o r c o p i e s o f G l a s s '
speech,
"The T r u t h About t h e F e d e r a l Reserve System,
Ca. 150-200 l e t t e r s .
(1922),
Box 239
Correspondence s Democratic Campaign 1922-24 *
This
box c o n t a i n s i
lo
One f o l d e r o f r e l a t i v e l y i n s i g n i f i c a n t c o r r e s pondence t o Glass i n 1924 w h i l e he was a t t h e
Democratic n a t i o n a l Convention* Many o f t h e
l e t t e r s expressed t h e hope t h a t he would be
nominated*
2*
A f o l d e r o f correspondence f r o m t h e Democratic
n a t i o n a l Committee i n 1923* o u t l i n i n g s t r a t e g y *
etCo
3o
A f o l d e r o f r e q u e s t s f o r t i c k e t s t o t h e Demo
e m t i o n a t i o n a l Convention ( 1 9 2 4 ) .
4.
A f o l d e r o f correspondence r e g a r d i n g t h e democ r a t i c campaign i n t h e s t a t e o f V i r g i n i a i n 1922•
Much o f i t i s concerned w i t h r e q u e s t s f o r Glass
t o speake
31*
Box £40
This box c o n t a i n s *
1,
A f o l d e r on t h e McFadden b i l l i n 1927,
( e ) A typed statement made b;? Glass g i v i n g
h i s idea o f t h e m e r i t s o f t h e b i l l and
the procedure necessary t o get i t passed*
A l s o h i s view o f t h e H u l l amendments *
( b ) L e t t e r from McFadden t o members o f t h e
House r e * proposed changes i n M a b i l l ,
(19275o
( c ) L e t t e r from t h e Senate conferees t o
McFadden*
( d ) B o o k l e t on* " F a c t s versus Misstatements
r e t h e McPadden B i l l , "
( e ) L e t t e r s from c o n s t i t u e n t s
o p i n i o n s on t h e b i l l , .
expressing
2.
A f o l d e r o f l e t t e r s making arrangements f o r Glass
t o make a speech i n G r e e n v i l l e * So 0* (1924),
Of
r e l a t i v e l y l i t t l e importance,
3*
About 400-500 l e t t e r s from c o n s t i t u e n t s e x p r e s s i n g
t h e i r o p i n i o n s on t h e s o l d i e r s bonus b i l l - 1922.
Box 241
Tlsls box c o n t a i n s ?
1,
A f o l d e r o f correspondence and e d i t o r i a l s
e n d o r s i n g Glass f o r t h e Democratic p r e s i d e n t i a l nomination,
(1934).
2.
A f o l d e r o f c a . 350 l e t t e r s c o n g r a t u l a t i n g
Glass on a speech made i n 1940 a t t h e Democrat!
l a t i o n a l Convention i n w h i c h he denounced a
t h i r d t e r m f o r R o o s e v e l t and nominated James
A, F a r l e y .
121*
Box 242
Request® f o r 01ass t o speak t o
v a r i o u s groups or t o a t t e n d v a r i o u s
p e r f o r m a n c e s , cereiaonles ? shows* e t c ,
1922-1924.
-36T
Box 243
I n v i t a t a t i o n s f o r Glass t o a t t e n d
v a r i o u s ceremonies and g a t t j e r i n g s * or
f o r bin t o speak t o c e r t a i n groups.
(1923).
B
ox 244
Correspondence L e g i s l a t i o n 1924-1930.
T h i s box contains?
1«
2.
A folder o f p o l i t i c a l c o r r e s p o n d e n c e with J. T .
Deal of the second d i s t r i c t of Virginia. (1923
1930).
A f o l d e r o f correspondence w i t h Senator Capper
dealing almost entirely with legislation regarding
public u t i l i t i e s i n the D i s t r i c t of Columbia.
3.
4.
Correspondence with 0. O'Connor Goolrick, for the
most part over a state Democratic primary i n which
Byrd and Mapp were candidates.
Personal and p o l i t i c a l correspondence w i t h Vance
C. McCormick. Most of the correspondence i s t a k e n
up with opinions on national p o l i t i c a l matters <
monetary matters, etc.
5-
Correspondence with Colonel James P. Woods, dealing
mostly with state p o l i t i c s in Virginia.
6.
Folder of miscellaneous p o l i t i c a l and legislative
correspondence with Congressman R. Walton Moore.
7«
Folder of correspondence with Colonel W„ S . Battle
of Roanoke, Virginia.
I t deals mostly with the
Virginia p o l i t i c a l situation and to some extent
with Bishop Cannon and his controversy with G l a s s .
Bm245
T h i s box contains?
1*
L e t t e r s c o n g r a t u l a t i n g Glass on a statement made
by hiai r e b u k i n g seven democrats Mho i s s u e d some
s o r t o f p o i n t statement a f t e r t h e i r e l e c t i o n i n
1930,
2*
L e t t e r s c o n g r a t u l a t i n g Glass on h i s r e - e l e c t i o n
i n 1924.
3*
L e t t e r s acknowledging r e c e i p t o f an autographed
copy o f Glass 1 book by h i s f r i e n d s * A l s o l e t t e r s
e x p r e s s i n g o p i n i o n s on h i s book* f, An Adventure
i n Constructive Finance*"
Requests f o r copies o f a speech by Glass a t t a c k i n g
c r i t i c s o f t h e F e d e r a l Reserve System (1923)•
5*
L e t t e r s acknowledging a c a r t o o n sent t o h i s f r i e n d s
by Glass as a T h a n k s g i v i n g g i f t i n 1929*
6«
L e t t e r s acknowledging r e c e i p t by Glass 1 f r i e n d s o f
a brochure w r i t t e n by him c a l l e d 11A T a l e o f Two
H e i f e r s " i n which he e v i d e n t l y a t t a c k e d t h e s t a t e
l e g i s l a t i o n a u t h o r i s i n g t h e t e s t i n g o f cows f o r TB«
7*
Correspondence from t h e Lynchburg I n d u s t r i a l Savings
and Loan C o r p o r a t i o n r e : a n o t e which Glass endorsed
f o r a Mrs* Rebecca Spurlock« The bank was t h r e a t e n i n g
t o t a k e a c t i o n because Mrs* S p u r l o c k was I n a r r e a r s i n
her payments *
Box 246
T h i s box c o n t a i n s *
1*
Miscellaneous l e t t e r s c o n c e r n i n g l e g i s l a t i v e
m a t t e r s i n 1941* For example p l e t t e r s t o Glass
e x p r e s s i n g concern over Morgan Shaw* s i d e a o f
t a x i n g c o r p o r a t e earnings above a 6§f r e t u r n on
c a p i t a l 100$* A l s o l e t t e r s from Senator Byrd
s u g g e s t i n g c e r t a i n men f o r appointments* etc,,
L e t t e r s r e g a r d i n g an attempt t o t a k e p a r t o f
V i r g i n i a ( A r l i n g t o n County) i n t o t h e D i s t r i c t
o f Columbia* so t h a t A r l i n g t o n Cemetery* i t s
a i r p o r t * P o r t Meyer* e t c , mould be i n D» C*
L e t t e r s and l i t e r a t u r e on t h e r e s u l t s o f t e s t i n g
f o r T*B* i n cows and t h e w o r t h o f such t e s t i n g o
A b i l l from Glass ? lawyers f o r p r e s e n t i n g h i s
case a g a i n s t t h e s t a t e v e t e r i n a r i a n * a t al«
Copies o f l e t t e r s r e c e i v e d d u r i n g t h e Smith
campaign* b o t h c o n g r a t u l a t i n g and n o t c o n g r a t ulating*
39^
3^7
Box 247
This box c o n t a i n s :
1*
A f o l d e r d f c a . 75 - 100 l e t t e r s u r g i n g Glass
t o v o t e f o r U, S* entrance i n t o t h e World Court
1925 - 1926,
2«
Can 25 l e t t e r s u r g i n g Glaaa t o v o t e f o r a pension
b i l l b e f o r e Congress which t i o u l d h e l p dependents
o f s e r v i c e men (1926)*
3'•>
Ca, 75 l e t t e r s . , m o s t l y from l o c a l lodges o f
r a i l w a y brotherhoods * r e q u e s t i n g Crlass t o vote f o r
t h e Couzens R e s o l u t i o n h a v i n g t o do w i t h t h e
consolidation of r a i l r o a d e r
A f o l d e r o f newspaper c l i p p i n g s r e g a r d i n g an
a t t a c k by dlaaa on a c t i o n by P r e s i d e n t C c o l i d g e o f
s a n c t i o n i n g or v e t o i n g p r i v a t e bank loans fco
f o r e i g n governments,
5*
A f o l d e r o f l e t t e r s from v a r i o u s i n t e r e s t s a s k i n g
f o r Glass 1 i n f l u e n c e i n g e t t i n g Congress t o approp r i a t e money f o r some cause, {1929}*
6,.
L e t t e r s t o Glass r e : amendment o f t h e Volshes»d Act
and r e p e a l o f p r o h i b i t i o n {1926},
7
A f o l d e r o f newspaper c l i p p i n g s deiUiAg
a
v a r i e t y o f s u b j e c t s - t h e moat f r e q u e n t being
p r o h i b i t i o n , Bishop Cannon^ debt o f f o r e i g n
governments t o t h e
p o l i t i c a l a r t i c l e s about
Qlass # e t c *
39?
Box 248
Correspondencej L e g i s l a t i o n ,
1925-1930.
Correspondence on proposed
legislation
regarding Immigration, Reorganization9
b i l l , B i g Navy B i l l , McPadden B i l l *
the- R a d i o
Including
l e t t e r f r o m F e d e r a l Reserve Agerst i n S t ,
and Tax B i l l , 6 9 t h Congress,,
Louis,
tff
Box 249
C o r r e spendences f o r B o n a I a n d • L e g i s l a t i v e ,
1926-30,
E l e c t i o n c o n t e s t o f " W i l l i a < i B* W i l s o n * l e t t e r s
and p a p e r s j F i l e on P a u l II» Warburg, i n c l u d i n g
(3)
statement o f American Bankers A s s o c i a t i o n f a v o r i n g
I n d e t e r m i n a t e c h a r t e r s f o r F e d e r a l Reserve Banks j
( 2 ) two statement a by Warburg on monetary
and ( 3 ) l e t t e r s between Glass snS Marburg r e l a t i n g
t o passage o f MeFadden B i l l ,
F i l e on D a l l a s F e d e r a l
Reserve Bank ease, F i l e on Charles M i t c h e l l *
L e t t e r s from Charles C o l l i n s , A s s i s t a n t C o m p t r o l l e r
' o f 'the Currency,, i n c l u d i n g some p e r t a i n i n g t o
McPadden B i l l .
A f o l d e r o f correspondenc e w i t h As
D* Noyes o f t h e Hew York Times* c o n c e r n i n g Houden
S m i t h a r t i c l e s . , Warburg*a i n f l u e n c e on F e d e r a l Reserve
A c t * Senator Tom H e f l i n * and o t h e r - r e l a t e d matters-,
P o l d e r o f correspondence w i t h A l b e r t Shaw* i n c l u d i n g
l e t t e r s e x p r e s s i n g Qlass 1 view on f e d e r a l Reserve
P o l i c y i n 1928,
Boi r „g r |0
CCT-respondenee? P o l i t i c a l a r 4 L e g i s l a t i v e ,
1920-30*
F i l e s o f o o r r e a pondenc e w i t h H a r r y F* 3 y r d ,
ccncern&rg fc^e ^ c l i t i ^ a l s i t u a t i o n i n V i r g i n i a I n
1927-28,, a r c
^ r e s i d e n t i a l Campaign o f 1928,
About 50 4 x e i t c * * *T<twl» Halsey* res Democratic
national
» o f 13281 Senator Glass and R i x e y
Smith* i u . i v ^ n g
m t,3cle by Glass* *!The B a t t l e
f o r t h e XV
J i l l ,fc 192?^ and c o n c e r n i n g
palmar IX?
* a*
j Governor Benjamin S t r o n g *
Governor
s i *icse»>ve Board o f Mew lark
including
l e t t e r s on F e d e r a l Reserve p o l i c i e s I n t h e 20*8*
K m ring* and H. - Parker Mi i l l s ?
Herman H,
Davis a} j-M e l u d i n g l e t vers r e l a t i n g t o l o u s e and Seymour.
branch
BoxJISl
Hearings?
1928o
S e n a t o r i a l Campaign E x p e n d i t u r e s
Box
Correspondencet L e g i s l a t i v e and Personal,
19^7-^936,
Correspondence w i t h Q&o* A* M o r r i s * Governor o f
t b e Reserve Board o f F M l a d e l p M s on Senate B i l l
4412 amending t h e F e d e r a l Hessrve A c t * on tin r e l a t i o n s
between t h e F e d e r a l Reserve Board and Raserve Banks *
and on u n i f o r m i t y i n d i s c o u n t r a t e s .
(Oa, 30 l e t t e r s ) ;
L e t t e r f r e e Glass t o Robert J* Buc&ley denying
s i m i l a r i t y Let
^ l o r i c h B i l l arid F e d e r a l Heaorve
A c t * L e t t e r f r o t f C ^ r s t o f » A. Delano defining
the
importance o f \*m p o s i t i o n o f C o m p t r o l l e r o f t h e
Currency* Memoraidum r e 1 c o n s i d e r a t i o n o f r e a p p o i n t ment o f Governor 'larding« Copy o f r e g u l a t i o n of Board
d e a l i n g w i t h par e o l x e e v i o n s and correspondence on
t h i s s u b j e c t s L e t t e r s t o Robert Glass* L e t t e r from
Glass t o Edm S* Gaines d i s c u s s i n g o r i g i n o f F e d e r a l
Reserve A c t * Correspondence ^ i t l i L l o y d R« Fresman
on c a l l l o a n r a t e s * E a r l y d r a f t o f F e d e r a l Reserve
Act * l a y t 1913® L e t t e r t o Geoi gc j o & n e l l a * d i s c u s s i n g
Untermyer* Correspondence w i t !
M* M i l l e r > J r .
c o n c e r n i n g G l a s s - S t e a g a l l A c t . correspondence w i t h
John
Mershon on o r i g i n of Fedet 4 *! Reserve i l o t .
^ i&incrlty report
L e t t e r f r o ® Edmund P i a t t and
o f Board on branch banking,* I 9 2 3 .
Correspondence s P o l i t i c a l Carcp*ign * 1926*
Folder of i n v i t a t i o n s
P r e s i d e n t i a l Campaign*
t o
apeak d v r i f i g
L e t t e r s t o u c h i n g the
P r e s i d e n t i a l Campaign* t h e Democratic
P l a t f o r m 9 and P r o h i b i t i o n ,
National
Box 234
Correspondence t T u b s r c u l s r I n f e c t i o n o f A n i m a l s ,
Primarily
for
c o p i e s o f Senafee Docket No, 85 on t h e above
subject*
r e q u e s t s frcas c o n s t i t u e n t s
BcgLSSSt
Correspondences T a r i f f
1929-1930,
About 3500 l e t t e r s from c o n s t i t u e n t s
i n r e g a r d t o t h e i r views on proposed
legislation*
tariff
-ifetr
Box 256
P o l i t i c a l Correspondence, 1928-1930.
A p p r o x i m a t e l y 100 l e t t e r s
acknowledging
G l a s s ' form l e t t e r o f October 20» 1930, a s k i n g
f o r s u p p o r t i n b i s r e - e l e c t i o n campaign*
L e t t e r s (about 500) o f commendation r e g a r d i n g
M r . G l a s s ' Radio speech Campaign o f 1928,,
Box 257
Correspondence: P o l i t i c a l *
1920-30,
F o l d e r s o f correspondence r e s
B a t t l e f i e l d Parks
Boralij
Spotsylvania
Hon* Joseph P. T M n u l t y j W, E>
James F , B y r n e s ; R i x e y S m i t h {1926}
i n c l u d i n g l e t t e r s r e l a t i n g t o fch© p r e p a r a t i o n
and p u b l i c a t i o n o f "An Adventure i n
Finance,,."
Constructive
L e t t e r s t o A r t h u r 1% Page c o n c e r n i n g
p u b l i c a t i o n o f G l a s s 1 book; L o u i s W i l e y ; Col.
Anderson?
Frank Cabb., Jr? W a l t e r E , A d d i s o n j
St» George Tucker a
Henry
»
Correspondence; l e g i s l a t i v e and f e r s o n a l ^
1929-1935.
F o l d e r o f ccorrespondanae
and R l x e y S m i t h ,
lettertelegrams
between Qlass
R l x e y Smith*a p e r s o n a l f i l e . ,
and newspaper c l i p p i n g s per-
t a i n i n g t o t b e Morgan case* ea* 2gG*
File
of
correspondence w i t h E* C« Folkes?about 100 3,ett;ers*
d e a l i n g p r i m a r i l y w i t h t h e American Bank i n
Ricftzaond$ the
m& o f c o n v i c t s i n r o a d f o r c e s «
and M s d e s i r e t o o b t a i n a F e d e r a l appointment <
iL»
—
Telegramss Glass Banking B i l l *
1933.
About 1500 telegrams from bankers
and o t h e r s t h r o u g h o u t t h e U n i t e d S t a t e s
e n d o r s i n g t h e Gl&ss Banking B i l l *
Box 260
Correspondences Cannon Case* 1930-193-1^
M i s c e l l a n e o u s c or r e s ponder c e and documents
p e r t a i n i n g t o i n v e s t i g a t i o n and t r i a l o f B i s h o p
Cannon*
letters
( 2 ) from Joufett Shouse conveying
i n f o r m a t i o n on Cannon f a a c t i v i t i e s *
&fcout 8
mimeographed c o p i e s o f statement by F o r r e s t
Frettyxnan on manner i n which Cannon C tor oh t r i a l
was conducted,,
A f o l d e r of m a t e r i a l concerning
Cannon* s s t o c k gamblings
confession*
Copy o f G o l d h u r s t 8 s
F i l e on G o l d h u r s t
parole,
Box 261
Correspondences
Cannon Qme p 1930-31*
S-Z
L e t t e r s o f Charles H« T u t t l e 9 f r a n k Morgan
and Robert Thomas*
F o l d e r o f newspaper c l i p p i n g s on Qlaasspeech Jfoveiiber 1 , 1932«
Statements o f Senator
Glass on M s 1939 banking l e g i s l a t i o n *
Glass on v a r i o u s s u b j e c t s * 1930-3 1 b
Speeches by
including
Veterans Bonus* Farm R e l i e f * I l l e g a l F o r e i g n Loans*
and K e l l o g g Peace Paet*
Statement o f Senator Glass
r e e f f o r t s o f F e d e r a l Reserve Board t o curb s p e c u l a t i o n
L e t t e r s o f Glass t o Cannon and Cannon t o Glass*
Correspondence between Cannon and Cable & Company <
L e t t e r from Glass t o Bjevly
discussing
bill
f o r change o f r e s e r v e on t i m e d e p o s i t s .
Correspondence w i t h Senator Mye r e
g a t i o n o f Cannono
investi-
Box
62
Correspondenc3 $ Cannon Case3
1S30-31
Correspondence p e r t a i n i n g t o v a r i o u s
a s p e c t s o f t h e Gannon Case*.
Correspondence i n c l u d e d i
About 1000 p i e c e s •
Keel D a n i e l > J* Lee
D a v i s * Guston T* F l t & h u g h * J* B« Wools, C o l l i n s
Denny* £ r n e e t C h e r r i n g t o n and others«
Let t e r s
i n d i c a t e t b e i m p o r t a n t r o l e p l a y e d b;/ Glase
in
u n c o v e r i n g evidence a g a i n s t Cannon*
F o l d e r o f about 20 l e t t e r s between Glass
i
and. Gannon*
jm*
t/^3
Box 263
Correspondence $ Cannon Case 1930-31
E-H
M i s c e l l a n e o u s correspondence on v a r i o u s
a s p e c t s o f t h e i n v e s t i g a t i o n o f Cannon f s
activities«
Many l e t t e r s v e r i f y i n g G l a s s 1 i m p o r t a n c e as an
i n s t i g a t o r o f t h e proceedings a g a i n s t Cannon»
Correspondence w i t h D a n i e l R o t e r * Judge Adolphus
lagan^ Jaiaes O^Brien* Dr* F , J , Prettyman* C h a r l e s
B» F a r k h l l l ^ W i l l i a m D* M i t c h e l l * B a s i l Manley*
Rev*
C. B a r r e l ^ W* M. C r a v a t t ^ C l a r i s Ooldfourst*
Ouston F l t z h u g h , . B i s h o p W i l l i a m N« A l n s w o r t h *
and s t a t e m e n t s o f Mrs* H e l l e n McCallum (Cannon) and
Mrs* Joan Chapman*
JMM
Bon 264
Correspondences Bishop Cannon f s Case. 1928-33*
Correspondence w i t h Janes 0 f B r i a n and
Judge Adolphus l a g a n •
F o l d e r o f newspaper
c l i p p i n g s about Cannon and about G l a s s 1 proposed
t a x on s t o c k market t r a n s a c t i o n s •
Photostatic
c o p i e s o f correspondence o f J * Edgar Hoover
(re
G o l d h u r s t ) and o f o t h e r papers p e r t a i n i n g t o
Goldhurst$s
trial«
F o l d e r o f correspondence
w i t h H a r o l d P* Nye and G. T*
ffltshugb.
40jr» .
Box 265
Newspaper C l i p p i n g s , 1930-31*
E d i t o r i a l s and news accounts o f
Cannon's s t o c k market t r a n s a c t i o n s , .
i+oC*
Box 266
Correspondence: L e g i s l a t i v e and P o l i t i c a l s 1929-32o
F o l d e r s o f correspondence p e r t a i n i n g t o
the Banking and Currency meeting, January 19.,
1931.
Banking L e g i s l a t i o n memoranda1 l e t t e r s
f r o ® bankers o f f e r i n g t h e i r a p p r a i s a l s of the
e x i s t i n g s i t u a t i o n and s u g g e s t i n g improvementsj
Henry P. Epes, Charles W. C o l l i n s , Claude Weaver,
and Hon, J * W. Pol®, including l e t t e r s
pertaining
t o the Insurance o f bank deposits and the branch
banking b i l l .
Box 26?
Correspondence 2 L e g i s l a t i o n ,
1930-35•
Correspondence i n c l u d e s *
1*
L e t t e r s r e l a t i n g t o St00k Exchange I n q u i r y ,
2*
L e t t e r s and telegrams par Gaining t o t h e
Woodrow W i l s o n F o u n d a t i o n , A l s o f i n a n c i a l
reports«
3»
Correspondence w i t h t h e Treasury Department*
p r i m a r i l y c o n c e r n i n g appointmenta«
L e t t e r f r o u Bon* A* Ha ¥sndenfourg s u g g e s t i n g
a a m e r & m a c t o t h e FD1C law «
5*
Correspondence w i t h J o u e t t Sbouse on p a r t y
m a t t e r s * v i e ^ s o f c o n s t i t u e n t s and o t h e r sulijeete*
6*
Correspondence between Glass and C* B&scom
Slemp*
7*
Correspondence w i t h Peter Saunders®
Me.~
iffif
Box 268
Correspondences P o l i t i c a l *
193^-35*
Contentsi
1*
F o l d e r o f correspondence p e r t a i n i n g t o t h e
pamphlet* n Yon Can Defend America* 11
2*
C o n g r a t u l a t o r y l e t t e r s on 1942 e l e c t i o n ®
3*
Correspondence w i t h F r a n k l i n D * R o c s e v e l t *
p r i m a r i l y c o n c e r n i n g r o u t i n e p o l i t i c a l and
l e g i s l a t i v e m a t t e r s • Some l e t t e r s o f a
personal nature*
F o l d e r o f m i s c e l l a n e o u s correspondence and
newspaper c l i p p i n g s * i n c l u d i n g * R o b e r t 5 a
n o m i n a t i o n t o F e d e r a l Judgeship*
Shakespeare
c o n t r o v e r s y ^ s e v e r a l c l i p p i n g s and an a r t i c l e *
"Vapor vs* t h e Record% c o n c e r n i n g Samuel
U n t e r m y e r * s p a r t i c i p a t i o n i n F e d e r a l Reserve
legislation;
Copy o f speech made by him a t
Richmond* and statements c o n c e r n i n g t h e a c t i v i t i e s
o f B i s h o p Cannon*
Box 269
Correspondence: L e g i s l a t i o n , 1930-35•
Contents %
1,
Several f o l d e r s of l e t t e r s p e r t a i n i n g t o
highway construction i n V i r g i n i a .
2.
Correspondence w i t h John J . Raskob r e g a r d i n g
M s appearance b e f o r e t h e banking committee,
1933 •
3«
Personal correspondence w i t h Br* L.S« Rowe.
L e t t e r s r e l a t i n g t o the Reconstruction Finance
Company,
5.
Correspondence w i t h A. L. A i l w o r t h , mostly of a
personal or l o c a l p o l i t i c a l n a t u r e . 1920-33.
Box 270
Correspondence: L e g i s l a t i o n s
1928-1933
Contents!
I*
F o l d e r o f about 600 l e t t e r s from c o n s t i t u e n t s e x p r e s s i n g t h e i r views on the
World Court 9 the Disarmament Conference,
and Muscle S h o a l s .
2.
P o l d e r o f about 300 l e t t e r s c o n c e r n i n g t h e
t a r i f f b i l l of 1930.
Box 271
Correspondence: Personal and L e g i s l a t i o n ^
1930-1935.
Contents:
1.
Papers p e r t a i n i n g t o t h e Farm C r e d i t A d m i n i stration.
2.
L e t t e r s o f J . F . T . 0*Conner, C o m p t r o l l e r , 1933•
3*
Correspondence w i t h George W. M o r r i s concerning
p o l i c i e s of the F e d e r a l Reserve System
L e t t e r s c o n c e r n i n g t h e J o i n t Stock Land Banks.
5.
L e t t e r s c o n g r a t u l a t i n g Glass on h i s
t o t h e Bonus B i l l , 193^.
6»
F o l d e r o f telegrams c o n c e r n i n g banking schemes*
7.
General correspondence on a p p r o p r i a t i o n s , 1933•
8»
Correspondence on a g r i c u l t u r a l m a t t e r s , 1933°
opposition
Box
272
Correspondence s P o l i t i c a l .
Contents:
la
L e t t e r s 9 t e l e g r a m s and p e t i t i o n s c o n c e r n i n g
t h e p r o h i b i t i o n i s s u e . About 500 p i e c e s ,
dated 1932-33.
2.
Correspondence w i t h George L . H a r r i s ,
Governor o f F e d e r a l Reserve Bank o f lew York f f
on F e d e r a l Reserve p o l i c i e s and monetary
and b a n k i n g p r a c t i c e s and l e g i s l a t i o n .
I n c l u d e s statement o f Board o f New York Bank
r e B a n k i n g L e g i s l a t i o n , 1932.
Box 273
Correspondence: P o l i t i c a l ,
1930-35.
Contents:
1.
Two f o l d e r s of correspondence between Glass
and Rixey Smith on various aspects of the
Cannon i n v e s t i g a t i o n .
2.
Folder of Miscellaneous correspondence,
i n c l u d i n g l e t t e r s of Jesse H. Jones, Harold
L . I c k e s , Louis T. McFadden and W i l l i a m McAdoo.
3*
Folder of l e t t e r s and clippings r e l a t i n g t o
t h e Morgan i n v e s t i g a t i o n .
Folder o f m i s c e l l a n e o u s papers i n c l u d i n g a speech
on the F e d e r a l Reserve A c t , d e l i v e r e d i n
P i t t s b u r g h , February 8 , 1919; and l e t t e r s between
Glaus and Robert F . Wagner concerning proposed
amendment t o the Federal Reserve Act i n 1938.
l+t
Box
417
Correspondence? P o l i t i c a l 1930-40*
Folder of l e t t e r s r e l a t i n g t o the U n i v e r s i t y
of V i r g i n i a dispute*
About a do&en l e t t e r s from
bankers on v a r i o u s aspects o f proposed monetary and
banking l e g i s l a t i o n *
Correspondence between Olass
and R i x e y Smith on Bishop Cannon case and m i s c e l l aneous mattersa
F o l d e r o f l e t t e r s on Bacon-Shakespeare
c o n t r o v e r s y * i n c l u d i n g copy o f an i n t e r v i e w w i t h W i l l i a m
Smedley*
Speeches and memoranda r e l a t i n g t o taxes*
^
BS3L2Z&
Correspondence i Personal 1931-34„
M i s c e l l a n e c i s p e r s o n a l correspondence «
About 300 l a t t i r s i n c l u d i n g those o f C o l g a t e
Darden, Eugena Blacky Bernard Baruchj, W. P. Wood,
Jouett ffhouset and Mrs. Woodrow Wilson.
Mostly
l e t t e r 0 of caanendation on h i s 1933 speech r e
the Faw Deal,
J? r* •
Box 276
Correspondence:
Invitations,
1930-1933,
I n v i t a t i o n s r e c e i v e d f r o m 19301933 t o g e t h e r w i t h l e t t e r s o f acceptance
or r e g r e t s .
—
122LSU
Correspondenaes Bishop Cannon Case* 1931«
1®
S e v e r a l hundred p h o t o s t a t e d pages o f
memoranda f o r t h e A t t o r n e y General
from Jr.Edgar Hoover on t h e s u b j e c t o f
b r i b e r y i n t h e Soldfeurst case*
Several
o t h e r p h o t o s t a t e d documented i n c l u d i n g
t h e statements o f Joseph Radios and Miss
Fallor*
Box 278
Correspondence:
F e d e r a l Reserve P 1931.
1»
F o l d e r o f correspondence marked "Federal
Reserve Act Changes Mo. I " c o n t a i n i n g l e t t e r s
which express the w r i t e r ' s a t t i t u d e toward
broadening t h e d e f i n i t i o n o f e l i g i b l e paper,
forming a National Credit Corporation,
e x t e n d i n g branch and c h a i n b a n k i n g and examining
banks aore c a r e f u l l y , I n c l u d e d a r e l e t t e r s
ofs Eugene Meyer, Angus McLean, Louis T . McFadden, Col. Thomas B . McAdams, George H a r r i s o n f
C. S. Bamlin, F . W. Taussig, J . H. Case, Robert
J . B u l k l e y , Bernard Baruch, and A l f r e d L . A i k i n .
ca. 400 l e t t e r s .
2.
A f o l d e r containing about 450 l e t t e r s p r i m a r i l y
on the above mentioned subjects.
Correspondents
i n c l u d e : H. Parker W i l l i s , Richard C. Whitney,
Arthur H. Vandenburg, Joseph T. Robinson, Samuel
D. P e t t e n g e l l and Peter Norbeck.
4-1 f
Box 279
Correspondence, 1931.
This box c o n t a i n s about 300 l e t t e r s o f v a r i o u s
p o l i t i c a l and l e g i s l a t i v e nmtters. Of s p e c i a l
importance a r e t h e f o l l o w i r f ; :
1«
l e t t e r from l e w t o n D. B i k e r c o n t a i n i n g
s u g g e s t i o n s f o r t h e Deir^cratic Platform i n 1932.
2»
Correspondence w i t h S. 0. Bland r e l a t i n g t o
t h e payment o f " p r e v a i l i n g wages" on F e d e r a l
projects i n V i r g i n i a .
3.
L e t t e r f r o ® Glass t o R. 3. Casael e x p r e s s i n g
his views on the poor a d n i n i s t r a t i o n o f t h e
F e d e r a l Reserve A c t *
4«
Correspondence between Crises and W i l l i a m 3 .
McAdoo. I n a l e t t e r dased
3* 1931, McAdoo
d e n i e s that- t h e s o - c a l l e d Treasury Plan was
suggested by e i t h e r Unf ermeyer m? 0wen«
Box 280
Correspondence, 1931-32,
About 400 l e t t e r s c o v e r i n g miscellaneous
p o l i t i c a l and p e r s o n a l n a t t e r s . Of s p e c i a l i n t e r e s t
are the following:
1*
Correspondence w i t h Bernard M. Baruch regarding
the p o l i t i c a l s i t u a t i o n i n 1931«
2«
Correspondence w i t h E. G» Branson enclosing a
statement from C. S . Marolin on t h e subject
"The Right of Federal Reserve Banks t o Purchase
F o r e i g n Bonds and Use Them as S e c u r i t y f o r
Federal Reserve Notes."
3.
L e t t e r s of Harry F . Byrd p e r t a i n i n g t o p o l i t i c a l
support of various leaders i n V i r g i n i a .
L e t t e r f r o ® Glass t o Horace N. Hawkins concerning
Wilson's a t t i t u d e toward a t h i r d term and h i s
actions a t t h e 1920 Convention,
5.
Correspondence w i t h Governor John Q. P o l l a r d
r e l a t i n g t o the appointment of a U.S. Marshall i n
the E a s t e r n D i s t r i c t of V i r g i n i a and t o other
p o l i t i c a l matters i n V i r g i n i a .
Box 281
Correspondence: Banking and Currency, miscellaneous elates«
Some papers r e l a t i n g t o t h e p r e p a r a t i o n o f the
MeFadden B i l l * including a l o n g l e t t e r from H.
Parker W i l l i s t o Senator King, d a t e d February 5*
1927, and a memorandum prepared f o r Senator Glass
by C l a r i e s
Collins.
2«
A l e t t e r fro® C. S. Hamlin e n c l o s i n g what appear t o be
suggested changes i n Olass 1 Chronicle.
3.
A statement "Some Notable Achievements of the Federal
Reserve System," unsigned and undated.
4.
Memorandum i n Glass 1 handwriting o f conversation
and communications w i t h C. S. Hamlin, Paul Warburg
and W.P.G. Harding concerning the plan of the
f e d e r a l Reserve Board t o reduce t h e number of
Reserve Banks,
5"
Folder marked, " T r e a s u r y - L e t t e r s of C o n g r a t u l a t i o n » "
Ca. 200, dated 1933.
6„
d i s s s * h a n d w r i t t e n opinion o f par check c l e a r a n c e ,
7.
Typewritten memoranda w i t h marginal notations i n
Glass 1 h a n d w r i t i n g c o n c e r n i n g the a c t i o n of the
Federal Reserve Board i n 1920.
8»
Memorandum prepared by W a l t e r Wyatt, " B r i e f Statement
of Present L e g a l Status o f Par Clearance System."
November 26 a 1926.
9.
Memorandum on the Glass-Owen Banking B i l l .
10.
L e t t e r from Edmund P i a t t , January 9 , 1922, reviewing
the controversy over Reserve p o l i c i e s i n which J . S .
W i l l i a m s and o t h e r s were t h e n engaged.
Letter.from
J . S . Williams t o S l a s s , June 2 1 , 1921, explainJrg h i s
p o s i t i o n . Other correspondence p e r t a i n i n g t o t h e
F e d e r a l Reserve,^Including l e t t e r s of Geo* Sear W.P,0„
Harding and J . Skelton W i l l i a m s .
Box 282
Correspondences
1»
F o l d e r o f correspondence c o n c e r n i n g
t h e Bus
2.
L e g i s l a t i o n , 1932®
3111.
F o l d e r o f correspondence c o n c e r n i n g
t h e C h i l d r e n ' s Bureau„
3.
e « . 25 l e t t e r s
F o l d e r o f correspondence c o n c e r n i n g
Vocational Education.
Ca„ 400 l e t t e r s
t ^ y
Box 283
Correspondence: Banking and Currency, Federal Reserve,
m i s c e l l a n e o u s dates*
1.
Folder o f correspondence w i t h Russel C. L e f f i n g w e l l ,
1920-1932. I n a d d i t i o n t o l e t t e r s of a personal
nature there are many which d e a l w i t h monetary and
f i n a n c i a l matters. L e t t e r s dated A p r i l 25, 1932
and February 2 0 , 1932, suggest the importance of
L e f f l n g w e l l 1 s ideas i n the formulation of the Glass
Bill.
I n l e t t e r s dated A p r i l 2 9 , 1932 and A p r i l 5 ,
1932 the Federal Reserve and Treasury p o l i c i e s of
1919-20 and t h e behavior of Charles M i t c h e l l i n 1929
are d i s c u s s e d . A number o f memoranda dated 1919 g i v e
information regarding the f i n a n c i a l and monetary
s i t u a t i o n i n t h a t y e a r . L e t t e r of February 2 5 , 1924,
discusses the p a r t i c i p a t i o n of Eugene Meyer i n the
r e v i v a l of the War Finance Corporation. L e t t e r s of
February 3 , 1923, and February 6 , 1923, r e c o r d t h e
views of both L e f f i n g w e l l and Glass on the subject
of the payment of f o r e i g n debts by our A l l i e s .
2.
About 10 loose p a p e r s , including a memoranda which
g i v e s the opinions of the f o l l o w i n g Senators on
various provisions o f the Federal Reserve Act a t the
time of the House-Senate Conference: Bristow, Reed,
Wilson, Thomas Ashurst, Lavis S h a f f r o t h , Weeks and
Hayes. Also r e c o r d o f voting i n t h e House-Senate
Conference•
3-
Folder of correspondence w i t h H. Parker W i l l i s , ca.
400 l e t t e r s , dated 1913-1932. Many of the l e t t e r s
dated 1930-31-32 d e a l w i t h the Banking and Currency
Committee h e a r i n g s . A memoranda prepared by W i l l i s
suggesting amendments t o the McFadden B i l l .
Letter
of March 10, 1930, explains some provisions of the
proposed Glass B i l l .
L e t t e r s of December 1 , I 9 2 9 and
December 2 , 1929, i n which W i l l i s i n t e r p r e t s various
sections of the Banking Act of 1930 and comments on
the b i l l .
L e t t e r from W.P.G. Harding dated January 3*
1925, discussing the provision of the McFadden Act
t h a t would tend t o broaden the d e f i n i t i o n of e l i g i b l e
paper. L e t t e r from W i l l i s of August 29, 1929, i n which
he expresses his opinion of the forthcoming book by
Paul Warburg and of the importance of Warburg's part
i n the d r a f t i n g of the Federal Reserve Act. L e t t e r o f
January 17* 1928, s e t t i n g f o r t h the f a c t s as t o the
f*
Box 283
(Pag® 2)
gold c l e a r i n g fund provision i n the Federal Reserve
Act. L e t t e r from W i l l i s dated June 8 , 1927» giving
the f a c t s about the proposed book by Paul M. Warburg.
Several l e t t e r s of August-November, 1926, discussing
0lass* forthcoming book. Letter of February 10,
1926, from Glass t o W i l l i s touches on the dispute
over whether s t a t e banks should be admitted t o the
Federal Reserve System. About 30 l e t t e r s between
November, 1924, and January, 1926, deal w i t h the
McFadden B i l l . L e t t e r of January, 1923, discussing
the establishment of a Federal Farm Discount Corp.
L e t t e r from W i l l i s dated May 26, 1913, i n which he
reports Hepburn as "approving the reserve position"
and also discusses Untermeyer. L e t t e r and memoranda
from W i l l i s , June 3 , 1913» regarding the plan f o r a
"Katiohal Reserve." A l e t t e r of June 6 , 1913»
from Glass concerning, apparently, the Owen B i l l .
L e t t e r s of June 5 , 1913, concerning W i l l i s * estimates
of McAdoo*s plan, and of June 7 , 1913# i n d i c a t i n g
t h a t Wilson regarded McAdoo1s plan sympathetically.
u
Box 284
Correspondencet
1932 A-J
F e d e r a l Reserve and Banking*
A l p h a b e t i c a l l y arranged correspondence a
m o s t l y l e t t e r s from c o n s t i t u e n t s e x p r e s s i n g t h e i r
views on the proposed Qlass Banking B i l l .
letters.
ca. 400
I n a l e t t e r of February 13, 1932,
addressed t o George Stewart Brown, Glass s t a t e s
the f a c t o r s t h a t motivated him t o introduce his
b i l l and blames the current c r i t i c a l s i t u a t i o n upon
the m a l a d m i n i s t r a t i o n o f t h e F e d e r a l Reserve
banking system.
Glass B i l l .
Carbon copy of a d r a f t of the
L e t t e r s o f John Janney t o the Secretary
t o the President and Senator W i l l i a m E . Borah,
February 6 , 1932 and February 3 , 1932.
BoxJ>§k
Correspondences
1932 K-Z
F e d e r a l Reserve and Banking*
Ca* 400 l e t t e r s from c o n s t i t u e n t s e x p r e s s i n g t h e i r views on t h e proposed Glass B i l l *
I n c l u d e d are l e t t e r s o f E* V«-Eemmerer, Samuel B*
P e t t e n g i l l and o f prominent bankers t h r o u g h o u t
t h e country®
Many proposals f o r i n s u r i n g d e p o s i t
and p r e s e n t i n g bank f a i l u r e s *
,BoxJ86
Correspondence:
1*
Ta& L e g i s l a t i o n *
1932*
F o l d e r o f correspondence on t h e S a l e s Tax.
F o l d e r o f correspondence c o n c e r n i n g t a x on
gasoline*
3*
F o l d e r o f correspondence on S o l d i e r s Bonus B i l l *
4*
F o l d e r on t h e B.itumiaous Coal s i t u a t i o n *
L e t t e r s from c o n s t i t u e n t s expressing t h e i r
views on t h e irario^B t a x measures,,
••"I
BoxgS7
Correspondences
X*
L e g i s l a t i o n * 1932«
F o l d e r o f correspondence marked " m i s c e l l a n e o u s
B i l l s ' 1 i n c l u d i n g l e t t e r s concerning the GlassS t e a g a l l B i l l , World Court* Economy B i l l *
B i l l * Muscle Shoals^ ^ r s o n - f i t E g e r a X
Mclfary BiXX*
Copper Resale B i l l *
Act*
appropriations
and t h e need f o r v a r i o u s r e l i e f measures.*
Dies
j
Bog 288
Telegrams:
Glass B a n k i n g B i l l ,
1932.
About 1500 t e l e g r a m s u r g i n g speedy
passage o f Glass B i l l .
Box 289
Correspondence: "Constitutional Immorality"
Radio Address, 1937«
Letters from people throughout the
nation praising Glass' stand on the packing of
the Supreme Court.
A few of the l e t t e r s are
w r i t t e n i n opposition to Glass* speech.
Box 290
Correspondence s
1,
F o l d e r marked
L e g i s l a t i o n s 1932 *
tf
Tax F i l e " c o n t a i n i n g c a . 300
l e t t e r s concerning the manufacturer*s
tas,
e l e c t r i c i t y t a x , s a l e s tax*, i n h e r i t a n c e
tax*
t h e a t r e t a x and t a x on cheeks*
Folder e n t i t l e d
11
f a x Letters*1 c o n t a i n i n g ca.
75 l e t t e r s p e r t a i n i n g t o t a x e s 011 motor
v e h i c l e s and on e l e c t r i c i t y .
3-
F o l d e r marked "Goldsborough B i l l ^ 5 1
including
l e t t e r s between Glass and Ooldaborough*
Box 291
Correspondence:
Financial Matters* 1 9 3 2 . J-Z>
A b o u t 300 l e t t e r s , alphabetically arranged,
c o n c e r n i n g bank f a i l u r e s ® i n s u r a n c e o f d e p o s i t s >
j
ecaanents on t h e Glass Banking B i l l , s t o c k market
i n v e s t i g a t i o n and war debt adjustments*
A l s o i n c l u d e d i s a r e p o r t by t h e F e d e r a l
Advisory Council on Senate B i l l # 4 1 1 5 .
Box 292
Correspondencet Legislations 1932-33*
1.
Folder of correspondence on the Home Loan B i l l .
2.
Folder of correspondence on the Economy Act
of 1933*
3.
Folder of correspondence r e Shenandoah N a t i o n a l
Park*
4.
Folder of correspondence about the 1933 Tax B i l l .
5.
Folder of correspondence on P r o h i b i t i o n ,
i
Box 293
Correspondence; F i n a n c i a l and L e g i s l a t i o n ,
A-H
1932.
1.
Folder o f l e t t e r s requesting c o p i e s of t h e
Glass B a n k i n g B i l l .
2.
About 350 l o o s e l e t t e r s , a l p h a b e t i c a l l y a r r a n g e d ,
complimenting Glass on h i s s t a n d on f i n a n c i a l
m a t t e r s and on h i s Banking B i l l .
Also included
i s a s t a t e m e n t o f t h e F e d e r a l A d v i s o r y Board
r e recommendations t o t h e F e d e r a l Reserve
Board.
Jm-
Box 294
O f f i c i a l Correspondence, 1932 Patronage-,
1.
F o l d e r marked "Lynchburg Postmaster," cont a i n i n g about 25 l e t t e r s requesting assistance
i n obtaining t h e p o s i t i o n o f postmaster *
2.
Folder marked "Patronage" containing about
50 l e t t e r s r e l a t i n g t o requests f o r jobs*
3.
Folder of applications f o r V i r g i n i a Postmaster.
4.
k p i l e o f m i s c e l l a n e o u s l e t t e r s , a case p e r s o n a l
o t h e r s p e r t a i n i n g t o f i n a n c i a l and p o l i t i c a l
matters.
S 'l
"V--1
4 3 ^
Sox 295
Correspondence! P o l i t i c a l ,
1930-35.
1.
F o l d e r o f non-complimentary l e t t e r s r e fch®
Morgan I n v e s t i g a t i o n ,
c a . 50 p i e c e s .
2/.
F o l d e r o f correspondence p e r t a i n i n g t o W. D*
H y e ' s candidacy f o r M a r s h a l l o f E a s t e r n D i s t r i c t
of Virginia„
3.
F o l d e r o f about 300 l e t t e r s c o n c e r n i n g t h e Morgan
Investigation.
P r i m a r i l y uncomplimentary.
4.
F o l d e r marked " M i s c e l l a n e o u s " c o n t a i n i n g c o r r e s pondence r e l a t i v e t o t h e Goldhurst-Cannon c a s e s .
Ca3 350 l e t t e r s ,
5.
F o l d e r o f correspondence w i t h T . M c C a l l F r a z i e r
concerning State p o l i t i c a l
raatters.
6.
F o l d e r o f correspondence w i t h t h e Hon. J . G„
Pollard r e State p o l i t i c a l a f f a i r s .
•"U^JLJ. JL
7
Box 296
Correspondences
A~J
Banking, e t c .
1932-33»
About 400 l e t t e r s from c o n s t i t u e n t s *
m o s t l y bankers P ^ p r e s s i n g t h e i r yiews cm t h e
Glass B a n k i n g b i l l ,
t h e need f o r r e f o r m i n
b a n k i n g p r a c t i c e s * and t h e r e s t r a i n t o f
lation*
A f o l d e r o f c orrespondenc®
specu-
relating
t o S e c t i o n 19 (Branch B a n k i n g ) o f t h e Q l t e s
Bill.
BOS_22L
Correspondence* Banking • e t a *
K-Z
19:12-13,
About 400 i e t i e r a from bankers a M
others r e l a t i n g to *
d e p o s i t inatiranae*,
as-* J
sr
^ ?
»
*
need f o r r e f o r m i t . b a c k i n g p r a o t i a e s .
" d
11*
Box 298
Correspondences Speeches, 1932-33.
1,
F o l d e r o f l e t t e r s complimenting Glass on
h i s speech a g a i n s t t h e I n f l a t i o n B i l l .
Requests f o r c o p i e s o f speech®
2*
F o l d e r marked "Correspondence w i t h r e f e r e n c e
t o Senator g l a s s 1 speech o f November 1 9 1932,"
and requests f o r speech,
3.
Folder marked " I n f l a t i o n Speech."
copies.
Requests f o r
Folder o f " I n f l a t i o n L e t t e r s " complimenting
Glass on his speech.
44~
Box 299
Correspondence 9 1932 c
M i s c e l l a n e o u s correspondence * a l p h a b e t i c a l l y
filed*
About 300-350 l e t t e r s * m o s t l y o f a p e r s o n a l
or p o l i t i c a l n a t u r e *
Included are l e t t e r s
Claude Ssmnson* John Jacob Raskob
from
Seorge H« Moses f
W i l l i a m H. K i n g * Jesse H« Jones* Harry G o l d h u r s t *
A r t h u r Copper* B a r r y F* Byrd* James A* F a r l e y *
A l s o i n c l u d e d i s a l e t t e r f r o m C* S» Hamlin
d a t e d September 14* 1932* s t a t i n g what had been done
by t h e F e d e r a l Reserve Board under t h e Glass amendment p e r m i t t i n g d i r e c t F e d e r a l Reserve l o a n s t o
borrowers*
Other l e t t e r s between Cllass and B t e l i n
d i s c u s s i n g t h i s amendment*
I
Bex 300
Correspondence "Pan M a l l "
1932-33.
About 400 l e t t e r s o f a p o l i t i c a l and
legislative nature.
f o r b a n k i n g reforms®
Many c o n t a i n s u g g e s t i o n s
Box 301
Correspondence s Banking B i l l and F e d e r a l
Reserve* 1931-33*
A-J
L e t t e r s c o n g r a t u l a t i n g Glass upon t h e
passage o f M s M i l *
Several l e t t e r s
containing
s u g g e s t i o n s on how t o c u r b s h o r t - s e l l i n g *
Other
l e t t e r s c o n t a i n s u g g e s t i o n s f o r amending t h e
F e d e r a l Reserve A c t *
Carbon copy o f Senator Glass 9
remarks r e F e d e r a l Reserve* undated*
Box 302
Correspondencei Banking B i l l and F e d e r a l
R e s e r v e , 1931-33*
K~Z
L e t t e r s concerning deposit
insurance*
amendments t o t h e F e d e r a l Reserve A c t * and
r e s t r i c t i o n on s t o c k s p e c u l a t i o n and s h o r t
selling•
jkjbri
** "W
Correspondence % Loans, e t c .
Statistics®
1932-37.
1.
M a n i l l a envelope marked, "'Faotb Cev<»ivrg tK"*r
Debts, Hew York, 1932," c o n t t m i n g a stfjajjhAet
o f the saae t i t l e prepared by Young I Ctw3ey I n c .
2.
Folder marked "Foreign Loans". Copies of
r e p r e s e n t a t i v e e d i t o r i a l s from newspapers
t h r o u g h o u t t h e n a t i o n e x p r e s s i n g views on loans
t o A l l i e s i n 1917-18. Also a long c a b l e fro®
t h e American M i s s i o n , November 1 3 , 1919, on
r e l i e f t o A u s t r i a . , About 75 l e t t e r s p e r t a i n i n g
t o F o r e i g n Loans.
3«
F o l d e r m a r k e d " A l l i e d Loans - Reductions." Reports
on A l l i e d deaths i n b a t t l e ; a u t h o r i t a t i v e
statements on the a u t h o r i z a t i o n of loans t o
f o r e i g n countries; and s t a t i s t i c s on the repayment
o f l o a n s . 1937®
Box 304
Reports, Papers and Correspondences Banking and
Currency, 1932-34, Glass B i l l .
X.
Folder aj&rkad " t a t t e r s and p s p r a f<*
Record*
May 1 , 1935". Msmspaper eai%.©r3s3s c o n c e r n i n g t h e
banking n o t i o n s o f Marrlner Brce
s^u t h e ne»
b i l l amending t h e Federal Reserve A s t
2.
Correspondence w i t h and statements of various parsons
who t e s t i f i e d b e f o r e the B%nkirg and Currencj
Committee I n 1235# including Jtmes 1
s- l i v i n g
F i s h e r , and F . A. Vanderlip. A l s o about 100 l e t t e r s
from constituents opposing the F l e t c h e r - S t e a g a l I Act,
3.
C o n f i d e n t i a l memorandum f o r the Secretary of t h e
Treasury, prepared by the Federal Reserve Board
of New Yorlc, A p r i l I T , 1933* c o n c e r n i n g the i n t e r n a t i o n a l value of the d o l l a r .
4.
Folder marked "Eccles, M a r r i n e r , 1934"„
Correspondent
between Eccles and Glass. L e t t e r s from constituents
concerning Eccles' p o l i c i e s . including two from
Walter E . Spate? ^ I s c i s s l n g Ecc2ee> testimony before
the House Commit-ee on Banking a?d Currency.
5-
Several memoranda on Branch Banking.
6.
Mimeographed ccpy of an e a r l y d r a f t of the Federal
Reserve A c t .
7.
Memoranda and s t a t i s t i c s concerning bank f a i l u r e s *
1921-31.
8.
Correspondence w i t h bankers concerning t h e Glass 1
S t e a g a l l Act- Also s e v e r a l l e t t e r s from H„ Parker
W i l l i s a n a l y s i n g the b i l l .
iH-i
Box 305
R e p o r t s 9 Papera and Correspondence, Banking and Currency
1932-34, Glass B i l l *
1 . Correspondence r e Olass B i l l w i t h o f f i c i a l s of the
F e d e r a l Resarv® System,
a.
A l e t t e r o f A p r i l 5* 1932, from Chester M o r i e l ,
S e c r e t a r y o f t h e F e d e r a l Reserve B o a r d , c o n t a i n i n g
suggestions f o r l e g i s l a t i o n t o r e g u l a t e the
holding company a f f i l i a t e s of member banks.
b.
L e t t e r of January 3 0 , 1932, from £ . L . Smead,
Chief of the D i v i s i o n of Bank Operations of the
Federal Reserve Board, g i v i n g t h e amount o f loans
t h a t each F e d e r a l Reserve bank c o u l d extend t o
member banks as of January 2 7 , 1932. Another
l e t t e r o f February 2 4 , 1932, showing the amount
of e l i g i b l e assets held by each of the f i v e
l a r g e s t member banks i n San Franclcso and other
f i g u r e s * S i m i l a r information i s contained i n a
l e t t e r of February 2 3 , 1932.
fetter
o f A p r i l 30*
1932, shewing changes i n member bank s e c u r i t y
loans under the various discount r a t e s during
1920-1921. Other l e t t e r s of February - A p r i l ,
1932, g i v i n g s t a t i s t i c s on loans, discounts and
reserves.
c.
L e t t e r from C» S . Hamlin, July 9* 1932, e n c l o s i n g
d r a f t o f an amendment t o Federal Reserve Act
g i v i n g F e d e r a l Reserve Banks i n emergencies t h e
power t o l o a n d i r e c t l y on e l i g i b l e p a p e r .
d.
L e t t e r of December 19* 1931, shoeing vote of
Governors r e amendment t o Section 13 of Federal
Reserve Act.
2.
Copies of r e p o r t s by the Treasury Department and -he
Federal Reserve Board on b i l l s which weie r e f e r r e d
t o Glass 1 subcommittee.
3.
Report of the Committee on Bank Reserves of the Federal
Reserve System.
4.
Treasury correspondence r e Glass B i l l ,
3)
5=
newspaper c l i p p i n g s - ©lass
Bill.
6.
L e t t e r s p r o p o s i n g amendments t o (flans B i l l .
O n t e n voo, o f a statements *ut»ior n o t d e s i g n a t e d 9
C u i o o r t i n e , ico r e c o r d t h e controversy" between t h o
T« c a s u r /
d ttm F e d e r a l Reserve Bo&rd i n 1919
eve- discount r a t e s .
8.
E a r l y d r a f t s o f Glass
9o
L e t t e r s and t e l e g r a m s r e g a r d i n g Glass
Bill.
Bill,
<4 <4-1
Box 306
Correspondence» Ha©y Longs 1932-35*
Letters regarding Senatorial I n v e s t i g a t i o n
o f e l e c t i o n t o Senate of J . Overton i n 1932»
L e t t e r s t o and f r o ® the Women's Committee, Square
Dealers; e d i t o r a l s and a r t i c l e s requesting Qlass*
a i d i n u n s e a t i n g b o t h Long and O v e r t o n .
of corruption under Long's regime.
Accounts
Comments on
Long-Glass controversy over Banking L e g i s l a t i o n .
Copies of l e t t e r s sent out by Huey Long, defending
h i m s e l f and a t t a c k i n g others.
A number of newspaper
a r t i c l e s and e d i t o r i a l s r e l a t i n g t o these and
similar topics.
3§34+f
Box
Correspondences
452
Congratulatory L e t t e r s * e t c .
About 400 l e t t e r s from people
1933®
throughout
t h e n a t i o n c o n g r a t u l a t i n g ©lass cm h i s opposition
t o the administration.
45V
Bog 308
Correspondence:
Economy B i l l , 1933*
X.
L e t t e r s p r a i s i n g Olaaa 1 s u p p o r t o f Economy
measures®
2.
fetters
c r i t i c i z i n g the moratorium.
3*
fetters
s u g g e s t i n g r e f o r m s i n banking p r a c t i c e s .
BOXJ09
Correspondence , 1933«
1.
L e t t e r t o James M. Beck s t a t i n g h i s
views on t h e Recovery A c t .
2.
L e t t e r s c o n g r a t u l a t i n g Glass on passage o f
Glass B i l l .
3.
Correspondence w i t h B a r r y F . Byrd.
polities.
State
Box 310
Correspondencei
Banking, 1933*
About 400 l e t t e r s from bankers, lawyers,
and others o f f e r i n g suggestions r e the Glass B i l l ,
expressing opinions concerning deposit insurance,
and giving suggestions f o r other reform measures»
Also included i s a statement by the employees of
the National C i t y Bank concerning the a c t i v i t i e s
of the bank's o f f i c i a l s , Including Charles E.
Mitchell.
Box 311
Correspondence j Banking and Currency, 1919*33*
1.
Folder marked "Banking and Currency Commit tee"
containing correspondence w i t h Richard Whitney
r e l a t i n g t o the Stock Exchange I n q u i r y .
Miscellaneous correspondence r e banking, and
correspondence concerning the business of the
Committee.
2.
A second f o l d e r marked "Banking and Currency
Committee Senate" containing l e t t e r s r e l a t i n g
t o banking l e g i s l a t i o n and papers r e l a t i n g t o
the business of the Committee? Treasury Department reports on various b i l l s r e f e r r e d t o Glass*
sub-committee, and miscellaneous l e t t e r s concerning banking l e g i s l a t i o n * Also included
l a correspondence w i t h Henry B. S t e a g a l l r e
Olass-Steagall Act.
3»
Folder of correspondence w i t h H. K. Duerson r e
business and personal matters, 1919-1933.
Box 312
Correspondence: L e g i s l a t i o n
1.
1933-35*
Folder o f l e t t e r s oonoeming t h e H.R.A.
1934.
Correspondence w i t h Robert F .
Wagner» M i l l a r d S . l a d i n g s , den. Hugh Johnson»
and many businessmen who w r o t e p r o t e s t i n g
against the Act.
2.
About 200 l e t t e r s w r i t t e n i n 1935-36 c o n c e r n i n g t h e abuses p e r p e t r a t e d by t h e HRA.
Bo* 313
Correspondence*
1933-1937.
Legislation Banking and Currency,
1.
Synopsis of opposition t o Federal Reserve B i l l ,
a memorandum reporting various expressions of
disapproval by bankers and others I n 1913.
Photostatic copies of an a r t i c l e I n "The Outlook"
e n t i t l e d , "Tha Banker's Objections t o the
Currency B i l l . " Photostats of Hie F i n a n c i a l
Age of 1913.
"
2.
Folder marked "Democratic Committees" containing
correspondence with the Democratic National
Committee.
3.
F i l e marked, "Banking and Currency" containing
correspondence r e l a t i n g t o b i l l s pending before
Glass' sub-committee, May, 1936, and copies of
several b i l l s .
Folder of correspondence concerning the Copper
galley b i l l .
5.
Folder of correspondence r e Farm R e l i e f .
6*
Folder of correspondence on Beer B i l l .
Letters
congratulating Glass on his opposition.
Box 314
Correspondencei
Speeches, 1933-37 °
1.
A f o l d e r c o n t a i n i n g c o p i e s o f t h e speech
"Constitutional Immorality."
2.
F o l d e r marked "Glass candidacy f o r U . S .
S e n a t e , March 4 , 1 9 2 5 , " c o n t a i n i n g c o r r e s pondence p e r t a i n i n g t o h i s r e g i s t r a t i o n as
a candidate.
3.
Correspondence r e l a t i n g t o G l a s s '
speech i n 1934.
4.
F o l d e r o f correspondence commenting on Glass*
impromptu remarks on t h e f l o o r o f t h e S e n a t e ,
F e b r u a r y 2 0 , 1933.
5o
L e t t e r s i n r e p l y t o Glass' complaint r e
Lynchburg
"and/or.
goxjp-i
Correspondence:
L e g i s l a t i o n 1934-35.
1*
F o l d e r o f correspondence on t h e HRA, 1935,
L e t t e r s f r o ® businessmen a s k i n g Glass t o
oppose reenactment of the HRA.
2.
Folder marked "Bank, 193^" containing c o r r e s pondence r e proposed changes i n the Bank Act
o f 1933-
3o
Folder of correspondence about the Guffey B i l l *
4,
Folder of correspondence on the Pure Food A c t .
5.
Folder of correspondence about Old Age Pensions„
1935.
Box 316
Correspondences
Legislation,
1934-36.
1.
F o l d e r o f correspondence on S t o c k Exchange
Bill.
L e t t e r s from bankers, lawyers,
i n v e s t m e n t c o u n s e l l o r s and o t h e r s r e l a t i n g t o
t h e F e d e r a l Trade Commission and o t h e r
p r o v i s i o n s o f t h e Stock Exchange B i l l .
2.
About 350 l e t t e r s i n a f o l d e r marked " F i r s t
S o l d fetters" c o n g r a t u l a t i n g Glass on h i s
opposition t o gold devaluation.
3»
F o l d e r e n t i t l e d "Vinson B i l l " c o n t a i n i n g
about 75 l e t t e r s c o n g r a t u l a t i n g Glass on
h i s o p p o s i t i o n t o t h e Vinson B i l l .
1SL22X
Correspondence: L e g i s l a t i o n ,
1934-36.
1.
Folder of about 400 l e t t e r s r e l a t i n g t o the
Bank B i l l o f 1935. Many l e t t e r s from bankers
e x p r e s s i n g views on the proposed B i l l or enclosing
amendments t o the B i l l , newspaper clippings
and p r i n t e d statements concerning various aspects
o f the B i l l .
I n a l e t t e r t o M. E . B r i s t o w ,
February 9» 1935» Glass a f f i r m s t h a t he
believes the purpose of the Bank B i l l t o be
t o destroy s t a t e banks. A l s o , many l e t t e r s
concerning the appointment of Marriner Eccles
t o the Federal Reserve Board. Some l e t t e r s
r e l a t i n g t o deposit Insurance assessments.
Correspondence between P r e s i d e n t Roosevelt and
Duncan F l e t c h e r r e Bank B i l l .
Correspondence
w i t h Reed Smoot and the RFC concerning E c c l e s 1
connection w i t h banks i n Utah and the condition
of those banks.
2.
Folder marked "Bonus, 1936" containing ca. 75
l e t t e r s m o s t l y commending Glass on h i s stand
against the Bonus B i l l .
3.
Folder of l e t t e r s r e The World Court, 1935»
both f o r and against our e n t r y .
Box 318
Correspondences
Legislation,
1934-36*
1.
F o l d e r o f correspondence on t h e Wagner B i l l .
L e t t e r s f r o m c o n s t i t u e n t s g i v i n g t h e i r views
on t h i s B i l l .
2,
F o l d e r o f correspondence on Tax B i l l - 1934.
L e t t e r s from c o n s t i t u e n t s supporting or
o b j e c t i n g t o proposed t a x e s cm candy, c i g a r e t t e s
and o t h e r i t e m s .
3.
F o l d e r o f l e t t e r a p e r t a i n i n g t o t h e Bonus
and t h e Independent O f f i c e s B i l l .
4.
A second f o l d e r o f correspondence on t h e Wagner
Bill.
About 300 l e t t e r s f r o m c o n s t i t u e n t s
p r e s e n t i n g t h e i r views on t h i s B i l l .
SS3L222
Correspondence: L e g i s l a t i o n , 1935=
1.
Folder of correspondence r e Tax B i l l , 1935°
L e t t e r s from constituents p r o t e s t i n g against
or supporting various e x c i s e t a x e s .
2«
Folder of correspondence on the Wagner R e s o l u t i o n , 1935, t o exclude a l l persons except
lawyers from p r a c t i c e before public departments o
L e t t e r s from constituents p r o t e s t i n g t h i s
Resolution. Other l e t t e r s regarding the Wagner
Labor B i l l .
3.
F o l d e r of l e t t e r s from constituents e x p r e s s i n g
t h e i r views on the Tobacco Control Act.
Box 320
Correspondence, 1934•
M i s c e l l a n e o u s correspondence, p r i m a r i l y o f a
personal or p o l i t i c a l (State) n a t u r e ,
including
l e t t e r s o f B a r r y F* B y r d , W i l l i a m So B a t t l e ,
M* B a r u c h , Eugene Black*, W i l l i a m E* Borahs
Bernard
T . G«
Bruchj, Leo C r a w l e y , M a r r i n e r S . E c c l e s , James Ac Far l e y ,
Jesse Jones and C* S. Hamlino
Of some i n t e r e s t
is
a l e t t e r from Glass t o M. E* B r i s t o w d a t e d December
2 6 , 1934, i n which he s t a t e s h i s views on a c t i o n s t a k e n
by t h e FDXC r e i n s u r a n c e o f non-member S t a t e Banks.
Carbon copy o f l e t t e r f r o m W. J® B r y a n , October
i913a p r o m i s i n g h i s s u p p o r t o f F e d e r a l Reserve A c t *
Carbon copy o f a statement made by Glass on
December 2 7 , 1934, r e i n t e r e s t payments by banks on
t i m e and s a v i n g s d e p o s i t s *
s u b j e c t , December 2 4 , 1934•
L e t t e r t o Hamlin on same
L e t t e r t o P r o f e s s o r Raymond
Moley, October 29* 1934, i n which Glass expresses t h e
o p i n i o n t h a t t h e F e d e r a l Reserve System has
been w r e c k e d . "
"practically
L e t t e r t o Senator S* W* Raymond, Dec*
4 , 1934, c h a r a c t e r i s i n g as a s t e a l t h e t r a n s f e r
F e d e r a l Reserve funds t o t h e FDIC*
of
Box 321
Correspondence s
L e g i s l a t i o n , 1935*
1.
F o l d e r o f correspondence on t h e A n t i Lynching Law, 1935. L e t t e r s from cons t i t u e n t s a s k i n g f o r M s support o f the B i l l .
2.
Folder of correspondence on Bonus, 1935.
L e t t e r s from c o n s t i t u e n t s e x p r e s s i n g t h e i r
views on the proposed bonus l e g i s l a t i o n 0
Box 322
Correspondence
1*
$
Personal and L e g i s l a t i o n * 1935®
F o l d e r s o f complimentary l e t t e r s t o Senator
Glass* p r i m a r i l y commending M s
t o the
2,
opposition
Administration*
F o l d e r o f papers c o n c e r n i n g the
Judgeship
f o r the E a s t e r n D i s t r i c t o f V i r g i n i a o
Bocjga
Correspondence t ¥ e t e r a n s Cases* 193^-19^3*
C-G
Correspondence between v e t e r a n s and
Glass and between Glass and tfae V e t e r a n s A d m i n i s t r a t i o n r e l a t i v e t o claims f o r
compensation*
U1 *
Bos 324
Correspondence: Veteran's Cases, 1934-1943.
H-U
Correspondence between v e t e r a n s and
a l a s s , and between Glass and the Veterans
Administration concerning claims f o r compensation.
y
Correspondences
JUC
V e t e r a n ' s Cases, 1933-43.
Correspondence between v e t e r a n s and
G l a s s , and between Glass and t h e V e t e r a n s
A d m i n i s t r a t i o n r e l a t i n g t o claims of veterans.
<6
Box 326
Correspondence: Veteran*s Cases,
1934-1943. 0-S
Correspondence between veterans and
Glass and between Glass and the Veteran's
Administration r e l a t i v e t o claims f o r compensation.
Box 327
Correspondencet
T-Z
V e t e r a n ' s Cases, 1934-43.
Correspondence between v e t e r a n s and
G l a s s , and between Qlass and t h e V e t e r a n ' s
A d m i n i s t r a t i o n c o n c e r n i n g c l a i m s f o r compensation.
c^no
Box i 328
Correspondences L e g i s l a t i o n *
1.
1934-36*
Polder o f l e t t e r s about g o l d * 1934* Many
l e t t e r s from c o n s t i t u e n t s commenting on t h e
u n c o n s t i t u t i o n a l i t y of gold devaluation*
2*
Some l e t t e r s on t h e Townsend P l a n , 1936*
3*
F o l d e r o f telegrams concerning t h e MA«
4.
Correspondence concerning t h e A M - 19360
5»
F o l d e r o f correspondence on r e q u e s t s f o r
a p p r o p r i a t i o n s t o Army* Mavy* D i s t r i c t o f
Columbia and o t h e r agencies»
F o l d e r o f correspondence on t h e Tax B i l l * 1936•
L e t t e r s from c o n s t i t u e n t s e x p r e s s i n g t h e i r views
on v a r i o u s e x c i s e t a x e s and on o t h e r p r o v i s i o n s
of the B i l l .
6,
7»
F o l d e r o f l e t t e r s on t h e proposed Gold Reserve
B i l l * 1934• Many l e t t e r s complimenting Glass
on h i s stand on monetary m a t t e r s .
Jm-
4-7 I
Bo* 329
Correspondence:
L e g i s l a t i o n , 1934-36.
1.
Folder of correspondence on the F l e t c h e r Rayburn B i l l . Ca. 200 l e t t e r s , many from
p r i v a t e bankers requesting support of above
mentioned b i l l .
2.
Folder marked "Miscellaneous l e g i s l a t i o n ,
1934" containing l e t t e r s from constituents
regarding Wagner Labor Disputes Act, T h i r t y
Hour Week B i l l , Food and Drug Act, the
Duffer-Ellenbozen B i l l s , and numerous others.
T h i s box c o n t a i n s :
1.
A l e t t e r t o Olass from a f o r e i g n banking
concern enclosing suggested changes and
amendments t o the O l a s s - S t e a g a l l Act. (1934)*
2.
Correspondence r e P e t t e n g l l l b i l l t o amend
the I n t e r s t a t e Commerce Act.
(1934)
3*
Copy of Report of Committee on Federal Taxation
of the N. Y. S t a t e Society of C.P.A.»s.
4.
A memorandum i n support of an amendment t o
the I n d u s t r i a l Credit Act. (1934)*
5.
Copy of proposed amendment t o vh4 S e c u r i t i e s
Exchange Act. ( 1 9 3 4 ) .
6.
Correspondence r e Senate b i l l s t o provide
unemployment insurance.
7<°
L e t t e r s urging support of amendments t o the
Railway Labor Act ( 1 9 3 4 ) .
8.
L e t t e r s t o Glass r e the Copeland B i l l r e g u l a t i n g
the a d v e r t i s i n g of foods, drugs and cosmetics,
also the Tugwell B i l l .
9*
Correspondence r e the Walsh-Guyer B i l l which
would permit the R . F . C . t o make loans t o p r i v a t e
i n s t i t u t i o n s of higher l e a r n i n g .
10.
Correspondence r e a m i n i c i p a l bankruptcy b i l l .
11.
Correspondence r e proposed t a r i f f r e v i s i o n .
12.
Correspondence r e proposed Wagner Labor B i l l
13.
Correspondence r e bankruptcy law amendmenta.
14.
Correspondence p e r t a i n i n g t o various other b i l l s .
(1934),
^tt
Hrll
Box 331
Correspondences Mostly commendations, 1935.
About 400 l e t t e r s commending Qlass f o r
his stand on monetary matters.
Newspaper e d i t o r i a l s
commending his l e t t e r t o Hamlin (December 18, 1935)
accusing the FDIC of usurping l e g i s l a t i v e power.
goxJ2£
T h i s box c o n t a i n s :
1*
A f o l d e r o f correspondence r e t h e e s t a b l i s h m e n t
o f a J e f f e r s o n memorial (193?) and a c o n t r o v e r s y
over c u t t i n g down some Japanese c h e r r y t r e e s t o
erect a statue.
2.
There i s a f o l d e r o f correspondence (1938)
r e g a r d i n g a bronze b a s - r e l i e f o f Glass i n
commenoration o f t h e 2 5 t h a n n i v e r s a r y o f t h e
s i g n i n g o f t h e F e d e r a l Reserve Act* I n c l u d e d i n
t h e f o l d e r i s a l e t t e r t o Mr. Chester M o r r i l l from
g l a s s which mentions an unpublished paper w r i t t e n
by Glass i n which he d e s t r o y s " t h e p r e t e n t i o n s o f
c e r t a i n persons* and p a r t i c u l a r l y o f IJntermyer,
t o p a r t s i n t h e development o f our banking system"
even more f u l l y t h a n he d i d i n h i s book* An
Adventure i n C o n s t r u c t i v e Finance*
3«
A f o l d e r o f correspondence r e t h e S k y l i n e D r i v e and
Shenandoah N a t i o n a l Parke
k.
A f o l d e r o f l e t t e r s from J*F*T* 0*Connor^ C o m p t r o l l e r
o f t h e Currency. These l e t t e r s d e a l t o a l a r g e
e x t e n t w i t h c e r t a i n banks w h i c h a r e i n r a t h e r bad
c o n d i t i o n * and w i t h o t h e r s p e c i f i c i n s t a n c e s i n which
banks seemed t o have been c a u s i n g some a n x i e t y on
t h e p a r t o f 1 t h e$1 C o m p t r o l l e r . A l s o a copy o f t h e
C o m p t r o l l e r s suggestions t o make more e f f i c i e n t 11
i n s u r a n c e o f bank d e p o s i t s and t o decrease overhead*
There i s a l s o a d i s c u s s i o n o f " d u p l i c a t i o n " o f bank
examinations*
5*
A f o l d e r o f correspondence r e g a r d i n g t h e appointment
by Roosevelt o f Judge F l o y d A. Roberts f o r U. S.
D i s t r i c t Judge o f V i r g i n i a .
The appointment was
opposed by Glass and Byrd and n o t c o n f i r m e d by t h e
Senate. A c o n t r o v e r s y ensued*
J
goxJll
L
L e t t e r s from James F. Warburg (1935) r e g a r d i n g
banking n a t t e r s such as a u t o m a t i c c r e d i t c o n t r o l s *
etc*
The l e t t e r s have t o do w i t h a b i l l which
seeks t o m o d i f y t h e d e p o s i t i n s u r a n c e p l a n and
t o e f f e c t c e r t a i n a l t e r n a t i o n s i n the Federal
Reserve System. A l i s t o f q u e s t i o n s o f
"paramount importance 11 r e g a r d i n g changes i n t h e
F e d e r a l Reserve Act was sent t o Qlass* Mimeographed copy o f a statement by Warburg on t h e
proposed "Banking Act o f 1935*" See f o l d e r
e n t i t l e d "Warburg, James P* (1935) 11 »
2*
Correspondence w i t h e d i t o r o f a New Jersey
newspaper c o n c e r n i n g t h e r o l e o f Robert B« Kent
o f Passaic 9 If. J . i n c r e a t i n g t h e F e d e r a l Reserve
Act*
3»
Most o f t h e correspondence i n t h e box I s t a k e n
up w i t h r e q u e s t s f o r government j o b s *
m -
If60 »
L+1<*
Box 334
C orrespondence, 1935 *
Ca* 500 l e t t e r s from people t h r o u g h o u t
t h e c o u n t r y commending Glass on t h e passage o f
t h e Bank B i l l o f 1935•
Also, a folder
containing
l e t t e r s from i m p o r t a n t p e o p l e , complimenting Glass
on t h e Bank A c t *
Among t h e l a t t e r a r e l e t t e r s
of
R« F» duPont, Leo Crawley, Thomas B. McAdams,
J*F« T. 0 f C o n n e r , and John J . W i c k e r , Jr»
Some
l e t t e r s i n t h e f o l d e r promise s u p p o r t o f Glass i n
t h e coming e l e c t i o n *
Q n—
«77
Correspondences
A-H
Banking Commendations, 1935.
About 200 l e t t e r s f r o ® people t h r o u g h out the country expressing t h e i r approval of
Glass* s t a n d on monetary m a t t e r s „
Z
Box 336
Correspondence: b a n k i n g commendations d u r i n g 1935
(l-Z)
i.
L e t t e r s commenting f a v o r a b l y upon t h e s t a n d t a k e n by
Mr. Glass on numerous i s s u e s o f i m p o r t a n c e a t t h e t i m e ,
G e n e r a l commendations*.
2*
Copy o f a newspaper a r t i c l e * u r g i n g Mr, Glass t o e n t e r
t h e f r a y i n f a v o r o f a g o l d s t a n d a r d * when t h e a d m i n i s t r a t i o n urged Congress t o pass l e g i s l a t i o n f a v o r a b l e
t o the s i l v e r interests,.
3*
L e t t e r s e x p r e s s i n g d i s f a v o r w i t h t h e work o f t h e
a d m i n i s t r a t i o n and p r a i s i n g Mr* Glass f o r M s o p p o s i t i o n
t o t h e t r e n d toward government i n t e r f e r e n c e w i t h
business.
k.
Complimentary l e t t e r from S* R» H&rrlman* c o n c e r n i n g
t h e b a l a n c i n g o f t h e budget and t h e s t a t e and l o c a l
a s p e c t - o f r e s p o n s i b i l i t y - f o r unemployment.
ft Uji
"I.
T h i s bos i s t a k e n up w i t h l e t t e r s
to
Glass commending him f o r h i s eourse i n opposing
v a r i o u s New D e a l p o l i c i e s and f o r h i s c o u r a g e ousness.,
Also birthday greetings.
(1935)«
jm-
Correspondences
Banking and Currency, 1935-36.
Folder marked "Regarding appointment of
members of t h e Federal Reserve Board, 1936."
L e t t e r s of endorsement f o r v a r i o u s candidates«
2.
Folder marked "Bank B i l l , 1935". L e t t e r s from
constituents expressing t h e i r views on the B i l l .
Suggested amendments and r e v i s i o n s t o B i l l
submitted by bankers and other Congressmen.
L e t t e r s from Qlass t o various persons which
i l l u s t r a t e h i s a t t i t u d e toward various sections
of the b i l l . Many l e t t e r s from S t a t e bankers
p r o t e s t i n g against attempts t o force them i n t o
the Federal Reserve System.
Box 339
Correspondence: L e g i s l a t i o n , 1935-39.
1.
Folder of correspondence marked "HRA Complaints,
1935*"
About 400 l e t t e r s complaining about
code systems, p r i c e s , wages and hours.
2.
Folder of correspondence r e devaluation.
Letters
from constituents urging Glass t o oppose devaluation.
Also sane papers regarding S l i v e r
Purchase Act.
JiS6-
Box 340
Correspondence: P o l i t i c a l ,
1935-41.
1.
Folder narked "Fan n a i l about the A d m i n i s t r a t i o n ,
1937."
2»
Folder on "Appomattox Park B i l l ,
3.
Folder o f correspondence w i t h William G. McAdoo,
p o l i t i c a l and personal n a t t e r s . Several l e t t e r s
r e f e r r i n g t o the McAdoo b i l l , 323*7.
4.
Folder of correspondence w i t h Adm. Gary T . Grayson,
personal.
5-
Folder on "Government Business, 1938."
6.
L e t t e r s I n regard t o government waste and uaurption.
7.
Folder " H a r p e r ^ F e r r y , John Brown M i l i t a r y Park."
8.
Correspondence w i t h l o b e r t L . Owen, 1935.
Letter
of March 27* 1939* expressing his views of Federal
lteaerve p o l i c i e s and of Marrlner Eccles.
9*
Folder on Blue Ridge Park Skyline D r i v e .
10.
1935."
Folder of correspondence w i t h the Byrd associates»
U
Or*
"TU f
<W3
Box 341
Correspondence, 1935"36.
Miscellaneous correspondence of a personal
or p o l i t i c a l n a t u r e .
L e t t e r t o Franklyn Waltnan, J r .
i n which Glass describes the present s t a t e of a f f a i r s
on the Federal Reserve Board, November 2 0 , 1935*
L e t t e r s of Hon. A. P i a t t Andrew, Mrs. B l a i r B a n n i s t e r ,
the Boatwrlght c h i l d r e n , John Stewart Bryan, Barry
F . Byrd, Harold I c k e s , James A. F a r l e y , R. Walton
Moore, Theodore
R o o s e v e l t , and John 0*
Pollard*
hoc
"'I'UU
Box
487
Correspondence: P o l i t i c a l and Personal, 1930-26.
Correspondence on D a n i e l C. Roper 9 including
a statement of Mr* McAdoo t o Federal Reserve Board,
May, 1923s Rural Credit B i l l s , 1923s Mr. John
Hutcheson;
Bon, C. B. Stamp;
the American Farm Bureau;
Mr. d r a y S i l v e r of
W i l l i a m Q. Shepperd;
U n i v e r s i t y of V i r g i n i a Centennial Endownment Fund;
Mr. Frank Nelson;
of Wcnen V o t e r s ;
Judge A. E. Chamberlain;
Governor A. J . Montague;
Cox, and M i l i t a r y T r a i n i n g Camps.
League
W. A.
JftOnr-
S22UM
Correspondence: P o l i t i c a l ,
1939-45.
1»
F o l d e r o f correspondence r e Banking and Currency
B i l l s p e n d i n g , 1939-45. O f f i c i a l correspondence
w i t h F l e t c h e r , Henry B. S t e a g a l l , Jesse Jones,
Robert Wagner, Chester Bowles, and S. 0 . B l a n d .
A l s o l e t t e r s from c o n s t i t u e n t s e x p r e s s i n g t h e i r
views on v a r i o u s monetary and c u r r e n c y m a t t e r s .
Copies o f b i l l s r e f e r r e d t o t h e sub-committee o f
which Glass was Chairman. Copies o f r e p o r t s from
t h e Treasury Department, F e d e r a l Reserve B o a r d ,
and C o m p t r o l l e r o f t h e Currency on t h e v a r i o u s
bills.
2.
F o l d e r o f Senator Glass 1 1942 e l e c t i o n p a p e r s .
3.
Correspondence w i t h t h e Hon. W a l t e r George,
p r i m a r i l y concerning l e g i s l a t i v e matters.
4.
Correspondence w i t h Rep„ S. 0 . Bland on l e g i s l a t i v e
and s t a t e p o l i t i c a l m a t t e r s .
5-
F o l d e r o f correspondence on t h e 1941 H o l d i n g Company
Bill.
6.
F o l d e r o f correspondence about Edward J . F l y n n .
.499-
Box 344
Correspondences Banking and C u r r e n c y , 1935•
1.
Polder marked "Banking and Currency Pending
Matters" containing requests from bankers t o be
beard before banking sub-committee„ Some p r i n t e d
pamphlets concerning gold clauses and court
d e c i s i o n ; suggested r e v i s i o n s of GlasB-Steagall
A c t ; r e p o r t by Treasury Department on Thomas B i l l ;
suggested amendments t o G l a s s - S t e a g a l l A c t ;
carbon copy of l e t t e r from F . D. Roosevelt t o
Duncan F l e t c h e r recommending an adjustment i n t h e
gold reserves of t h e P h i l l i p t o e I s l a n d s ; Copy of
r e p o r t of PDIC on Senate b i l l s 3596 anf 3636;
l e t t e r from Secretary of the Treasury Morgan Shaw
t o Chairman Duncan s t a t i n g his opinion of three
b i l l s which would amend the Banking Act of 1933.
Mimeographed copy of S3137 w i t h marginal notes and
changes i n Glass' handwriting.
2.
Voider of correspondence r e 1935 Bank B i l l .
Telegrams and l e t t e r s r e l a t i n g t o Senator F l e t c h e r ' s
Open Market Committee proposal. L e t t e r from Compt r o l l e r of the Currency, June 11, 1935* g i v i n g his
opinion on the appointment of the FDIC as r e c e i v e r
f o r • closed n a t i o n a l bank. L e t t e r s from independent
bankers r e i t e r a t i n g t h e i r protest of any provision
i n a Federal law (which would make them members of
the FR System. Memoranda containing suggested
amendments t o or r e v i s i o n s o f the Bank Act. Copies
of reports of the Federal Reserve Board and of the
Treasury on various b i l l s being considered by the
sub-committee.
Box 345
Correspondence?
Political,
1935-40.
1.
Folder of correspondence w i t h Joseph P. Kennedy,
Maritime Commission, 1937•
2.
Folder of correspondence r® n a t i o n a l Park a t
Manassas.
3>
Folder of correspondence w i t h Hon. George W»
Pepper. L e g i s l a t i v e - t a x a t i o n of n a t i o n a l Banks,
4«
Folder of correspondence w i t h Hon. Duncan
F l e t c h e r . P o l i t i c a l and l e g i s l a t i v e . ,
5.
Folder of papers on the " P a t r i c k Henry Speech."
6.
Folder of p o l i t i c a l correspondence w i t h the Hon,
Harry F . Byrd, 1937-
7.
Folder of correspondence on the Four B i l l i o n
Work B i l l , 1935. L e t t e r s from constituents g i v i n g
t h e i r views.
8.
Folder of correspondence w i t h George Perry.
Mostly p o l i t i c a l .
Box 346
Correspondence: Senate Speech on b e h a l f
President Wilson,
of
About 400 - 500 l e t t e r s from people
throughout t h e nation commenting on Glass*
defense of President Wilson.
Box 34?
Correspondences 1936«
A-J
Miscellaneous correspondence^ m o s t l y
p e r s o n a l or d e a l i n g w i t h S t a t e p o l i t i c a l
Correspondence w i t h I r s * B l a i r
affairs•
Bannister,
W i l l i a m E* Borah, Harry P* B y r d , James Fa B y r n e s ,
B a i n b r i d g e C o l b y , James Cousens, Leo Crawley,
Colgate Draden, Steven E a r l y , M»S. Eeoles s . Harold
I c k e s , and Jesse Jones*
Jj^r
^ 0
Box
493
C orrespondenee t 1936 •
K-Z
Miscellaneous correspondence«
p e r s o n a l * scme p o l i t i c a l .
o f Joseph P* Kennedy
Mostly
I n c l u d e d are l e t t e r s
James H« L a n d i s * R u s s e l l
E« L e f f i n g w e l l * A. J . Montague* B* Walton Moore*
J . P . T . 0 f Connor^ Geo. C* Perry^ Hanry A. Wallace*
F r a n k l i n D. R o o s e v e l t * Rixey Smithy and C* A*
Woodruisi*
L e t t e r t o K o l l i n s N. Randolph,, August 12 p
1936^ d e s c r i b i n g p o l i c i e s o f Federal Reserve Board
and g i v i n g h i s opinion o f them*
l i i J i
Correspondences
1935-1940*
lc
F o l d e r o f papers and correspondence conc e r n i n g Senator G l a s s 1 r e e l e c t i o n * 1936,
2*
F o l d e r marked " M e t h o d i s t Church
and N o r t h •11
3a
b o l d e r o f newspaper c l i p p i n g s *
4C
F o l d e r o f correspondence r e ' l o r f o l k Sea W a l l *
F o l d e r o f newspaper c l i p p i n g s *
South
1939«
1937*
Ji^fe
Boz 350
Correspondence r e g a r d i n g t h e speech by Mr- Qlass
a g a i n s t t h e a t t e m p t e d p a c k i n g o f t h e Supreme
Court ( 1 9 3 7 ) .
1.
Ohio
2o
Arkansas
3.
Mississippi
4„
North Carolina
5«
Georgia
6.
Alaska
7.
West V i r g i n i a
8.
Rhode I s l a n d
9.
Delaware
smJ^tk
Correspondence r e l a t i n g t o t h e speech
by Mr. Glass concerning the attempted packing
of the Supreme Court
1.
(1937)•
Miscellaneous correspondence r e l a t i n g
t o the attempted packing.
2.
Correspondence from I l l i n o i s .
Correspondence r e l a t i n g t o t h e speech
by M r , Glass opposing t h e a t t e m p t t o pack t h e
Supreme Court
(1937).
B2EJS3.
Correspondence r e l a t i n g t o t h e speech
bj
Mr« Glass i n w h i c h he a t t a c k e d t h e a t t e m p t
t o pack t h e Supreme C o u r t
(193?)«
-seer
ttft
Box 354
Correspondence r e l a t i n g t o t h e r a d i o
address by Mr. Glass on March 2 9 , 1937.
The
l e t t e r s were w r i t t e n i n March and A p r i l o f 193?%
Several of the l e t t e r s r e l a t e t o the e a r l i e r
Glass speech on t h e s u b j e c t o f the p a c k i n g o f
the Supreme Court.
Box 355
Correspondence c o n c e r n i n g t h e speech made
by M r . Glass opposing t h e a t t e m p t e d p a c k i n g o f t h e
Supreme Court
{1937I<
1.
L e t t e r s e x p r e s s i n g d i s p l e a s u r e w i t h Mr* Glass
f o r t a k i n g t h e p o s i t i o n he d i d w i t h r e g a r d
t o t h e P r e s i d e n t and t h e Supreme Court*
(Unions and u n i o n members w o t e * s t a t i n g t h a t
t h e y d i d n o t agree w i t h Mr. G l a s s * )
L e t t e r s t h a n k i n g Mr* Glass f o r sanding t h e n
c o p i e s o f t h e speech*
3*
A copy o f t h e speech l a
included*
L e t t e r s t o Mr. Glass c o n c e r n i n g b i s speech*
Bequests f o r c o p i e s of t h e speech.
M t
Correspondence i egax d i n g a b h i r d term f o r
P r e s i d e n t R o o s e v e l t , e s p e c i a l l y a speech by Mr, G1ass
a t t h e Democratic n a t i o n a l C o n v e n t i o n i n 1940*
opposing a t h i r d term f o r any p r e s i d e n t s
A*
B*
Correspondence from Senator Byr d* c o n c e r n i n g
e l e c t i o n s and t h e c o n v e n t i o n , e s p e c i a l l y t h e
d e f e a t o f t h e f o l l o w e r s o f Cfovernor P r i c e i n
okaying the' V i r g i n i a d e l e g a t i o n f o r Roosevelt*
l e t t e r from B&win M* Watson* S e c r e t a r y t o t h e .
P r e s i d e n t , acknowledging r e c e i p t o f communications
from Mr*
r e g ^ r d i n ^ u set i t . on f ce a
candidate f o r a f e d e r a l /^dcesrli>, ifro i o ^ a
' c o n f l i c t wifcn C i v i l S e r v i c e o f f . t o t a l s .
Glass
expresses t h e o p i n i o n i n a l e t t e r t o C o l ^ r t o
W* Darden t h a t , s i n c e t h e Senators from M r *
..a
a r e n o t h e l d i n v e r y h i g h f a v o r a t t h e tonite
House, t h e p l e a w i l l have no e f f e c t *
Cm
tetter
f r o m James A, F a r l e y „ Postmaster General*
t h a n k i n g Mr. Glass
nominating, him s t t H
Lemocratic n a t i o n a l Ccrventjon
Olss*; r e s p c o s ,
praising Fariey•
D*
Correspondence c o n c e r n i n g p o s s i b i l i t y o f Douglas
S* Freeman succeeding Senator Glass by a p p o i n t m e n t .
B.
An a t t a c k by Mr. Glass on t h e book^ Mr, House o f
Texas, by A r t h u r D* Howden S m i t h ,
SiitWTepeii^
many o f t h e arguments i n f a v o r o f C o l o n e l House * s
a u t h o r s h i p of" t h e f e d e r a l Reserve A c t , p r e v i o u s l y
r e f u t e d by Mr* Glass« C e r t a i n s p e c i f i c * e v e n t s a r e
r e c a l l e d by Glass*
F*
L e t t e r o f December 13 * 1940, f r e m Hten^y Fo~gfcnt v au,
as S e c r e t a r y o f t h e T r e a s u r y * t c ?
r"
prop o s i n g a meeting, between t h e ' t i c * ^ o n ^
n tne
C o m p t r o l l e r o f t h e Currency* t o d i s e j c a bank h o l d i n g
companies^ and branch banking* ^ r G ^ l s
ac:3« e r ,
o f f e r i n g t o p r e s e n t l e g i s l a t i o n , , pi e p i x e a j j
j m
Box 356
(Page 2)
Morgenthau* on t h e s u b j e c t o f h o l d i n g companies*
was n o t s e n t * s i n c e Mr. Glass went t o t h e meeting
i n person. Glass s t a t e s t h a t a c t i o n on h i s
p r e v i o u s b i l l , concerning bank h o l d i n g companies*
was w i t h h e l d a t t h e r e q u e s t o f S e c r e t a r y
Morgenthan.
G.
L e t t e r o f J u l y 30* 1940* i n which Mr* Glass w r i t e s
t o Mrs* Eugene Meyer t h a t
cannot ^eepfc
engagement f o r an i n t e r v i e w on
s e l e c t of the
d e s i r a b i l i t y o f a t h i r d term f o r
* Roosevelt*
l a r g e l y because he gets t o o mad
In* genkle&anly*
when he t h i n k s about i t .
He
Telegrams e x p r e s s i n g Mr. Glass 5 a t t i t u d e toward
t h e way Democrats should v o t e i n t h e 1940 e l e c t i o n ,
L e t t e r s from Kenneth McKellar as chairman o f t h e
Committee on Post O f f i c e s and Post Roads *
J.
Mote f r o m Mr* Glass t o t h e Lynchburg newspapers*
t e l l i n g them what e d i t o r i a l p o l i c y t o f o l l o w *
.given c e r t a i n p o s s i b l e r e s u l t s o f t h e f o r t h c o m i n g
Democratic n a t i o n a l Convention.
Km
L e t t e r o f June 12* 1940* from Senator Byrd* conc e r n i n g a quota c l a u s e i n t h e L a b o r - F e d e r a l S e c u r i t y
appropriation b i l l *
Lo
Mote from t h e c l e r k o f t h e Senate A p p r o p r i a t i o n s
Committee* e n c l o s i n g a l i s t o f t h e s t a t u s o f a l l
a p p r o p r i a t i o n b i l l s as o f June 8* 1940.
M«
Telegrams between Mr. Glass and John G. Townsend*
c o n c e r n i n g a b i l l p r e v i o u s l y i n t r o d u c e d by Glass t o
i n c r e a s e t h e l e n d i n g power o f t h e E x p o r t - I m p o r t
Bank. Townsend now wants him t o oppose t h e b i l l *
J?«
Copy o f t h e V i r g i n i a Democratic
platform.
S&0
BoxJISl
(Page 3)
0*
Statements o f P r e s i d e n t R o o s e v e l t , c o n c e r n i n g
bureaucracy i n t h e 1932 campaign* Many statements
were made, such as promises t o reduce governm e n t a l spending* which seem i n c o n s i s t e n t w i t h
l a t e r developments•
P»
Request from t h e Treasury Department t h a t
a c t i o n be d e f e r r e d on a b i l l t o p r o h i b i t i n d i v i d u a l s f^a® p u r c h a s i n g g o l d c o i n or b u l l i o n i n
f o r e i g n c o u n t r i e s , except under c e r t a i n c o n d i t i o n s *
Box 35
Correspondence on l e g i s l a t i o n * p a r t i c u l a r l y
a t t e m p t a t p a c k i n g t h e Supreme C o u r t •
A*
the'
L e t t e r s s u p p o r t i n g Mr* Glass i n h i s s t a n d
a g a i n s t t h e a t t e m p t t o pack t h e Supreme
Court*
lv
P e t i t i o n s opposing t h e p a c k i n g o f
t h e Supreme C o u r t *
B*
Two l e t t e r s i n s u p p o r t o f P r e s i d e n t R o o s e v e l t 1
position*
Box 358
Correspondence on l e g i s l a t i o n (1940)«
A* L e t t e r s on v a r i o u s s u b j e c t a under
c o n s i d e r a t i o n a t t h e time,,
legislative
1*
Requests f o r support o f t h e b i l l e l i m i n a t i n g
t h e n e c e s s i t y f o r a motion p i c t u r e t h e a t r e
manager a c c e p t i n g f i l m s by t h e group*
2t
L e t t e r s r e q u e s t i n g support f o r t h e S i d i n g s M i l l e r b i l l , concerning f a i r trade *
R e t a i l e r s desired protection,,
L e t t e r s u r g i n g support f o r n e u t r a l i t y
l e g i s l a t i o n * i n c l u d i n g an embargo on goods
shipped t o w a r r i n g c o u n t r i e s .
4*
L e t t e r s concerning a b i l l extending f e d e r a l
a i d t o education.
5-
L e t t e r s favoring the Star route
r e l a t i n g t o the mails.
6i
L e t t e r s opposing t h e O'Mahoney F e d e r a l L i c e n s i n g
bill.
7*
L e t t e r o f February 2* 1937* i n f o r m i n g jfx%
Glass t h a t l e g i s l a t i o n was pending which Mould
e x a c t l y r e v e r s e taxes c u r r e n t l y i n e f f e c t ,
r e g a r d i n g c a p i t a l gains or l o s s e s .
legislation*
BS2LJ52
X.
L e t t e r from E* 2* Jones o f S u f f o l k i n o p p o s i t i o n
t o branch banking*
2,
L e t t e r r e g a r d i n g taxes on m u n i c i p a l bond income*
3*
Matlonal service act.
4*
War Referendum B i l l ,
5*
Regulation of over-the-counter dealings i n
6c
L e t t e r r e g a r d i n g crab f i s h i n g *
7*
L e t t e r u r g i n g t h a t f o u r t h c l a s s postmasters be put
on s a l a r i e s *
8*
L e t t e r r e g a r d i n g l o n g and s h o r t h a u l
9*
P u b l i c funds f o r p r i v a t e school*
securities*
legislation*
10*.
Letter of
banking*
11.
S e v e r a l l e t t e r s r e g a r d i n g t h e Chain S t o r e Tax B i l l *
12v
Equal r i g h t s amendment has many s u p p o r t i n g l e t t e r s *
13*
L a F o l l e t t e - P a t t e r s o n B i l l s t r o n g l y supported i n
l e t t e r s t o Glass*
E# Jones o f S u f f o l k r e g a r d i n g branch
Boxi^60
L e t t e r s t o Glass r e g a r d i n g Tom
Blgbee waterway 9 even though Glass was mot
t h e Committee t o which t h i s l e t t e r would
n o r m a l l y go.
Box 361
Papers * r e p o r t s * and correspondence on b a n k i n g and c u r r e n c y
{1938-39).
A,
B»
Bank H o l d i n g Company b i l l *
1*
Summary o f t h e Bank H o l d i n g Company b i l l ,
2,
L e t t e r s from C a r t e r Glass t o Jesse Jones o f
RFC and Henry Morganthan^ S e c r e t a r y o f t h e
treasury.
3*
numerous l e t t e r s e x p r e s s i n g o p i n i o n s on h r r o f a
measure* Chain b a n k i n g and branch b a n k ! c, h , - v t
Copies o f t h e Glass-McAdoo b i l l *
companies mud a f f i l i a t e s *
1*
C«
B*
p r e s e n t e d by Senator CJlase-
tin
c o n c e r n i n g bank . h o l d i n g
A d r a f t o f t h e Bank H o l d i n g Company b i l l .
Correspondence r e l a t i n g t o t h e b i l l * I n t r o d u c e d i n t o
Congress by M r . Glass and passed* w i d e n i n g t h e scope
o f t h e R e c o n s t r u c t i o n Finance C o r p o r a t i o n *
1.
R e p o r t * "RFC and I t s Subsidiaries* 1 1 by Jesse Jones *
o f t h e Department o f Commerce*
2*
R e s o l u t i o n by t h e V i r g i n i a Bankers A s s o c i a t i o n *
commending Messrs * E c c l e s * Morganthan* a M Jones*
3*
Mr* Glass s t a t e s t h a t he i n t r o d u c e d a b i l l making
l o n g t e r m l o a n s t o business p o s s i b l e * i n o r d e r t o
a v o i d worse e v i l s * w h i c h would e x i s t i f a more p o o r l y
managed government agency were t o handle loans t o
business c o n c e r n s .
Correspondence on m a t t e r s under c o n s i d e r a t i o n by t h e
subcommittee on Banking and Currency I n 1939*
It
Copy o f h e a r i n g s b e f o r e t h e subcommittee* c o n c e r n i n g
t h e p e r i o d d u r i n g which t h e d o l l a r c o u l d be
devalued,
A l s o a copy o f t h e b i l l .
2.
L e t t e r o f A p r i l 3* 1939* from R o b e r t If* Wagner*
chairman o f t h e Senate Banking and Currency
Committee
e n c l o s i n g a l e t t e r from t h e T r e a s u r y Department,
concerning the issue of
gramibacks*
j^ktr
S0(*
Box 356
(Page 2)
3*
Coplea o f s e v e r a l b i l l s sent t o Mr* Qlass by
R o b e r t Wagner, i n c l u d i n g one t o amend t h e F e d e r a l
Reserve A c t by t u r n i n g bank examinations over t o
t h e F e d e r a l D e p o s i t Insurance C o r p o r a t i o n *
4*
Copy o f t h e C l a y t o n b i l l , c o n c e r n i n g i n t e r l o c k i n g
bank d i r e c t o r a t e s *
f>»
L e t t e r from t h e C o m p t r o l l e r o f t h e Currency.*
p r o t e s t i n g t h e proposed s h i f t o f t h e - b a n k e x a m i n a t i o n
f u n c t i o n s t o t h e FBIC*
6*
L e t t e r o f May 3* 1939* from Henry M^jrantha™ *
S e c r e t a r y o f t h e Treasury opposing ^ t r ~ ; i n g of
t h e bank examinations away f r c w
r . r ^ y Separticeuc
7,
Lecher frcm Be*
Wegn^
*o*>xt * § ^ p * ^ * ^ % ih®
Ola;/ ton Ac* pi epared by * m
* arc* v ^ c -m ^ r n d ^
The Boara s o r t s i f e i s t h e C *aj t : n $ *
*ati*3c*ory;
sxn^e i t - r a & s the process c f el3r*x
t
«
l o c k i n g d^ e^ c r a ,ea moii* g r a f t a l <
8.
Statement from Leo T* C r j a l o y , o h a l i «an ^ f t i e FDIC,
f a v o r i n g t h e i n d e f i n i t e ^ . r ^ w r o*
^^ i n
w h i c h bank o f f i c e r s mig&i v * i o a ^
w their
banks*
9*
Recommendation by t h e t r e a s u r y Department t h a t a b i l l
be passed t r a n s f e r r i n g t h e remainder o f a redemption
f u n d f o r n a t i o n a l bank notes out o f i t s r e s e r v e
p o s i t i o n * s i n c e t h e r e s e r v e c o u l d s a f e l y be dispensed
with*
1Q*
Copy o f a b i l l sent t o Mr* Qlass by Senator Wagner *
p r o p o s i n g an i n c r e a s e In t h e amount o f a d e p o s i t
w h i c h c o u l d be i n s u r e d by t h e FDXC t o $10,000.
11*
A Treasury r e p o r t , e x p r e s s i n g no o b j e c t i o n t o t h e
p l a n t o change t h e p e r i o d In which bank o f f i c i a l s
c o u l d repay loans p r e v i o u s l y c o n t r a c t e d *
12*
Report from t h e T r e a s u y r e ^ a r t ^ e ^ t * euj,gearing t h a t
a b i l l t o s t a b i l i s e ^rica** zft :ugh r
jng. t h e
v a l u e o f t h e d o l l a r te r e j e c t s ,
I,
ob«ertt«i
t h a t t h e l e v e l of e t a b x l i <a U ^ b^o la * * v a p r e determined and t h a t t h e P v S i v ^ u , v f
agencies must f i r s t be q u a l i f i e d *
Boss i 3 6 I
20*
(Page' 3)
13 o
Copy o f a b i l l t o amend t h e F e d e r a l Reserve A c t w i t h
r e s p e c t t o bank f a i l u r e s *
14o
Copy o f a b i l l i n t r o d u c e d i n t h e Senate on March
23* 193^* by Lynn Joseph F r a i l e r * from Hortfe Dakota
and r e f e r r e d t o t h e Subcommittee o f t h e Committee
on Banking and Currency* p r o p o s i n g t h e o r g a n i s a t i o n
o f a f Bank o f t h e U n i t e d S t a t e s * " a l o n g K i t h t h e
c r e a t i o n o f a Board o f c o n t r o l . The assess and
l i a b i l i t i e s o f t h e F e d e r a l Reserve System w u l d have \
be?n t r a n s f e r r e d t o t h e Bank o f t h e U n i t e d S t a t e s
an 3 a l l F e d e r a l Reserve n o t e s would be r e t i r e d
w i t h i n t e n y e a r s . The aim o f t h e b i l l was trv
clacrease debt and s t a b i l i s e p u r c h a s i n g power.
15,
Hote from t h e Treasury
of further service* i f
g o l d purchases t h r o u g h
amendments t o t h e Gold
being c o n s i d e r e d .
16.
l a t t e r from M a r r l n e r Eccles t o Senator Wagner on
?iarch 9* 1939* s t a t i n g t h a t t h e Board o f Governors
i s n o t i n f a v o r o f a proposed amendment t o t h e
F e d e r a l Reserve A c t * c o n c e r n i n g t h e maintenance o f
a s t a b l e p r i c e l e v e l . A ten-page memorandum g i v i n g
reasons i s enclosed®
3f/e
Hote r e g a r d i n g w i l l i n g n e s s o f t h e Treasury Department'
t o h e l p i n t h e Congressional i n v e s t i g a t i o n o f t h e U«S*
g o l d p o l i c y * i f necessary. An e a r l i e r n o t e from Mr*
Eccles suggested t h e p o s s i b i l i t y o f expanding t h e
study.
18.
A n o t e from t h e Treasury Department r e f e r r i n g t o places
where p r e v i o u s statements had been made f a v o r i n g t h e
c o n t i n u a t i o n o f p r e s i d e n t i a l powers* r e g a r d i n g t h e
weight of the gold d o l l a r *
19-
Copy o f a M i l * i n t r o d u c e d by Mr. Thomas * o f Oklahoma*
r e q u i r i n g t h e Board o f Governors t o m a i n t a i n t h e
p r i c e l e v e l a t 100 o f t h e index computed by t h e
Bureau o f Labor S t a t i s t i c s * I t was f u r t h e r proposed
t o i n c r e a s e a g r i c u l t u r a l p u r c h a s i n g power* t o i n c r e a s e
n a t i o n a l income* and t o balance t h e b u d g e t .
Department o f f e r i n g t o *ve
possible* I n connection v l t h
issue of gold c e r t i f i c a t i o n
Reserve Act o f 1934 were
Copy o f t h e Congressional Record f o r March 13* 1939*
w h e r e i n t h e S o l d Reserve Act o f 1934 was d i s c u s s e d .
$t><l
Box 361
(Pag© 4 )
21.
Copy o f a r e p o r t from t h e Mew York F e d e r a l Reserve
Bank, a n a l y z i n g the p r o p o s a l f o r d e v a l u a t i n g t h e
dollar.
22.
L e t t e r t o Mr. Glass from Edwin W. Kemmerer on
Maroh 1 3 , 1939* expressing t h e hope t h a t t h e
Federal Reserve Board can acquire more outstanding
members and r e a s s e r t i t s s u p e r i o r i t y i n c e r t a i n
monetary matters over the Treasury Department. The
r e p e a l of the e x i s t i n g s i l v e r p o l i c y and the r e t u r n
t o a gold standard, including f u l l c o n v e r t i b i l i t y
and c i r c u l a t i o n of gold coin and gold c e r t i f i c a t e s ,
are proposed.
23*
A l a t e r copy of the Hew York Federal Reserve Bank
r e p o r t analysing the proposal f o r devaluation of
tha d o l l a r .
24.
Report from the Treasury Department, f a v o r i n g the
continued or expanded endeavor of the RFC t o extend
c r e d i t t o business f i r m s , r a t h e r than the c r e a t i o n
of a d d i t i o n a l f a c i l i t i e s f o r the same purpose,
proposed r e g i o n a l i n d u s t r i a l banks opposed.
25.
Copy of a b i l l Intended t o terminate the power of
the President t o d i r e c t the Secretary of the Treasury
t o issue United States notes, as provided i n 1933.
26.
Copy of a b i l l introduced by Senator K i n g t o amend
the Gold Reserve Act of 1934, attempting t o e f f e c t
a r e t u r n t o the coinage of gold.
27.
L e t t e r from Senator John G. Townsend t o M r . Glass,
enclosing a pamphlet, a statement, and copies of
s e v e r a l b i l l s , concerning the p o s s i b i l i t y of r e p e a l i n g
the S i l v e r Purchase Act. Studies are proposed of
t h e gold p o l i c y , as w e l l as the s i l v e r p o l i c y .
28.
Statement by the RFC, opposing the establishment of
r e g i o n a l i n d u a t r i a l banks, since the need f o r such
i n s t i t u t i o n s was being met adequately by the banks
and the RFC.
29.
Copies of b i l l s proposing ( 1 ) d i s p o s i t i o n of unclaimed
deposits i n n a t i o n a l banks (introduced by Mr. Wheeler);
( 2 ) r e p e a l of the S i l v e r Purchase Act of 1934 (Mr.
Townsend)i ( 3 ) s i m p l i f y i n g the accounts of the
Treasurer of the United States (Mr. Wagner).
Box 361
(Pag® 5 )
30.
Report from the RFC, H a t i n g the three changes
proposed I n a b i l l before the Banking and Currency
Committee, as i t r e l a t e d t o the RFC.
31.
Report from the Department of A g r i c u l t u r e , f a v o r i n g
tha maintenance of a s t a b l e p r i c e l e v e l , but
c r i t i c i z i n g c e r t a i n o f tha provisions f o r a t t a i n i n g
the goal,
32.
A copy of the b i l l t o e s t a b l i s h a system o f
r e g i o n a l i n d u s t r i a l banks.
33«
A copy of the b i l l t o exclude c e r t a i n deposits from
the assessment base of banks subject t o the FDIC.
34.
Copy of a b i l l , r e q u i r i n g the Secretary of the
Treasury t o r e p o r t on the method of apportionment
of the s t a b i l i z a t i o n fund f o r d e a l i n g i n f o r e i g n
c u r r e n c i e s , established by the Gold Reserve Act
of 1 9 3 * .
35«
Copy of the b i l l t o r e p e a l c e r t a i n powers w i t h
respect t o the issue of greenbacks.
BOX 362
Correspondence 011 l e g i s l a t i o n
(1937-39).
A. Miscellaneous l e g i s l a t i o n (1939)
1.
f i r . Glass responds t o a l e t t e r requesting M s
opinion on the Wagner Act by s t a t i n g , " I t h i n k
the n a t i o n a l Labor Halations Act the worst law
ever put on the f e d e r a l s t a t u t e books."
2.
L e t t e r requesting Mr. Glass t o oppose the amend
ment, proposed by Senator King, t o the M i l l e r Tydings Resale Price Maintenance Act.
B.
L e t t e r expressing opposition t o the S t . Lawrence
Seaway p r o j e c t .
C.
L e t t e r s requesting Mr. Glass t o bear i n mind the
i n t e r e s t s of the optometrists, when l e g i s l a t i o n
concerning t h e i r profession i s considered.
D.
L e t t e r s pro and con on the farm b i l l under considera t i o n by the Senate. Special i n t e r e s t s favor such
l e g i s l a t i o n . Some opposition I s expressed. Senator
Glass opposed the farm b i l l , but gauged the a t t i t u d e
o f h i s colleagues t o be such t h a t anything l a b l e d
farm r e l i e f would be accepted.
1.
L e t t e r proposing p a r i t y prices f o r wheat and
cotton as the s o l u t i o n t o the farm problem.
2.
L e t t e r opposing the Far® B i l l and the Wages
and Hours B i l l .
3.
Lower t a r i f f s and action t o i n c r e a s e t r a d e I s
suggested as a preliminary t o assuring high
prices and clamping production controls on the
farmer. "Costs could be lowered by r e v i s i n g the
Smoot-Bawiey t a r i f f schedule and r e w r i t i n g
e x i s t i n g r e c i p r o c a l trade t r e a t i e s .
Box 362 (Pag© 4)
Correspondence r e l a t i n g t o f u r t h e r appropriations
f o r r e l i e f spending*
1.
L e t t e r s opposing pi»p priming and governmental
competition w i t h business. Also telegrams,.
2.
Copy of a newspaper a r t i c l e i n which the
president of Brookings I n s t i t u t e traces the
depression of 1938 t o the wiping out of p r o f i t s
by high wages.
3«
Suggestions of f u r t h e r e f f o r t s t o Improve WPA
and other s i m i l a r r e l i e f agencies. Funds
requested.
4.
L e t t e r s opposing the Reorganization b i l l of
1938. C e n t r a l i z a t i o n tendency condemned.
5.
L e t t e r s condemning wasteful expenditures and
power-seeking public o f f i c i a l s .
Inflation
predicted.
6.
Unwise t a x a t i o n t o foot the b i l l f o r pump priming
complained about. D e f i c i t finance condemned.
7*
Several l e t t e r s suggest r e s t o r a t i o n of confidence
i n the government as the s o l u t i o n t o the problem
of depression, r a t h e r than pump priming.
ip*
M
Many l e t t e r a t o Glass aaking Glass t o support a
j o i n t r e s o l u t i o n S . J . 1 9 2 t o r e p e a l paragraph 1 ,
sub-section B of s e c t i o n 43 of t i t l e 3 of t h e
a r t i c l e o f 12 May 1933* t o r e p e a l t h e power of
the President t o issue t h r e e b i l l i o n d o l l a r s of
greenbacks. Other papers i n c l u d e :
( a ) Opposition t o t a x b i l l on municipal bonds.
( b ) Opposition t o t a x on o i l f u e l , f i s h , and
laundry s a l e s .
( c ) Opposition t o s o c i a l s e c u r i t y t a x .
( d ) Opposition t o t a x on f o r e i g n f i s h meal.
( e ) Opposition t o whale o i l t a x .
( f ) Opposition t o t a x on r a d i o s e t s .
L e t t e r s regarding the t a x on u n d i s t r i b u t e d
p r o f i t s from many firms and s t a t e s .
Box 364
Correspondence on l e g i s l a t i o n
(1938-39)
A*
L e t t e r s u r g i n g Mr* Glass t o oppose l e g i s l a t i o n
l i m i t i n g the length of t r a i n s •
B»
L e t t e r s i n r e g a r d t o t h e n e u t r a l i t y law and t h e
arms embargo o f 1939•
C.
Miscellaneous l e g i s l a t i o n
J>#
(1939)
lo
L e t t e r p r o t e s t i n g t h e g r e a t volume o f
r e g u l a t i o n s by which banks must abide*
e s p e c i a l l y t h a t r e f u s i n g bank p e r s o n a l
t o o b t a i n a l o a n from t h e bank a t which
t h e y a r e employed *
2o
L e t t e r o f A p r i l 18* 1939* t o Senator T a f t
from t h e Independent Bankers A s s o c i a t i o n *
opposing a b i l l which would encourage
branch banking t o some e x t e n t .
Complete
l e g i s l a t i o n i s d e s i r e d * i f branch banking
i s considered d e s i r a b l e .
L e t t e r s r e q u e s t i n g Mr* Glass t o a c t f a v o r a b l y on
an amendment t o t h e Food and Drug b i l l * proposed by
t h e Dr* Nathan Tucker L a b o r a t o r y -
go*3§5l
Correspondence on l e g i s l a t i o n
A*
l e t t e r s and telegrams concerning t a x e s on v a r i o u s
t h i n g s * such as f u e l o i l * c h a i n s t o r e s * and u n d i s tributed profits•
Most o f t h e l e t t e r s r e q u e s t
t h a t Mr* Glass oppose c e r t a i n t a x e s t o be l e v i e d
on s p e c i a l i n t e r e s t s «
1.
B.
(1937-39)
L e t t e r s from C o r d e l l H u l l * S e c r e t a r y o f
State* regarding i n t e r n a t i o n a l trade*
Miscellaneous l e g i s l a t i o n
(1939)•
1.
I n answering l e t t e r s r e l a t i n g t o t h e
e x t e n s i o n o f s o c i a l s e c u r i t y * Mra Glass
s t a t e s t h a t he voted a g a i n s t t h e S o c i a l
S e c u r i t y Act and i s opposed t o e x t e n d i n g
i t s p r o v i s i o n s t o anyone.
2o
Business i n1t e r e s t s express o p p o s i t i o n t o
t h e Borah-0 Mahoney L i c e n s i n g B i l l * by
w h i c h business would be r e q u i r e d t o g e t a
l i c e n s e from t h e government•
3«
Mr* Glass s t a t e s * i n answer t o l e t t e r s $ t h a t
he voted a g a i n s t t h e Mage and Hour Act
and opposed e x t e n d i n g t h e coverage o f t h e
law t o anyone*
L e t t e r s c o n c e r n i n g t h e Wagner A c t .
C.
L e t t e r s c o n c e r n i n g t h e l i f t i n g o f an embargo on
arms t o Spain*
1®
L e t t e r s u r g i n g t h e c o n t i n u a t i o n o f laws on
n e u t r a l i t y * i n o r d e r t o m a i n t a i n peace.
Do
Correspondence on 1939 r e l i e f
£.
L e t t e r s r e g a r d i n g minimum wages and t h e d e c l a r a t i o n
o f V i r g i n i a as a southern s t a t e under t h e WalshHealey Act a t t h e i n s i s t e n c e o f Mr. Glass t o some
extent ®
funds*
Box 368
Correspondence' on l e g i s l a t i o n
(1937-39)*
A*
Correspondence r e l a t i n g t o t h e i n v e s t i g a t i o n o f
t h e s i l v e r purchase program* suggested by Senator
Townsend. ( J a n u a r y , 1939)«
Bo
L e t t e r s e x p r e s s i n g o p p o s i t i o n t o t h e Patman b i l l *
p r o p o s i n g a t a x on c h a i n s t o r e s *
C«
Requests f o r a c o n g r e s s i o n a l i n v e s t i g a t i o n o f TTA*
D.
Telegrams and l e t t e r s c o n c e r n i n g t h e FBA and a
proposed housing b i l l *
Mr* Glass r e p l i e s t h a t he
opposes any i n f r i n g e m e n t by government on p r i v a t e
business*
£0
L e t t e r s r e l a t i n g t o r i v e r s and harborsj> most o f
w h i c h come from t h e Mar Department*
F*
L e t t e r s r e q u e s t i n g Mr* Glass t o v o t e f o r
Ludlow Peace Amendment*
G*
L e t t e r s c o n c e r n i n g t h e Court Packing B i l l * proposed
by t h e P r e s i d e n t * Most o f t h e l e t t e r s support t h e
s t a n d t a k e n by Mr* Glass*
H*
L e t t e r s and telegrams from manufacturers and
businessmen^ a s k i n g Mr* Glass t o s u p p o r t t h e T i d i n g s
amendment t o t h e F a i r Trade Act*
the
Box 367
1,
Telegram v e r s u s the b i l l section r e q u i r i n g
banks w i t h deposits of one m i l l i o n d o l l a r s
t o give up d e p o s i t i n s u r a n c e u n l e s s t h e y ar©
members o f the F e d e r a l Reserve System.
2.
Telegrams urging r e p e a l of s e c t i o n 12B of
F e d e r a l Reserve A c t .
3.
84 telegrams mostly from those f a v o r i n g
r e p e a l of section 12B of the F e d e r a l Reserve
Act.
Comment:
The remainder of t h i s f o l d e r r e l a t e s
t o the a n t 1 - l y n c h i n g b i l l .
577
Box 368
Correspondence r e l a t i n g t o t h e speech made by
Mr. Glass opposing t h e a t t e m p t t o pack t h e Supreme
Court
(1937).
1.
Oklahoma
2.
New York
Sft
Box 369
Correspondence r e l a t i n g t o t h e speech byMr. Glass, opposing t h e attempted p a c k i n g o f
the Supreme Court
(1937).
lo
Vermont
2.
Canada
3.
New York
Sif
MJI£
Correspondence c o n c e r n i n g Mr 0 G l a s s 1 speech i n
r e f e r e n c e t o t h e a t t e m p t e d Supreme Court p a c k i n g
(1937)<
1.
Connecticut
2«
Maine
3.
Colorado
k.
Kansas
5-
Tennessee
6„
Utah
7*
S o u t h Dakota
8.
Arizona
9.
Wyoming
10.
Kentucky
11,
Iowa
5
box
m
Correspondence r e g a r d i n g t h e speech by M r .
Glass a t t a c k i n g t h e a t t e m p t e d p a c k i n g o f t h e
Supreme Court
(1937).
lo
New Hampshire
2.
Nova S c o t i a
3o
Nevada
4.
South Carolina
5.
North Dakota
6.
Florida
7«
Texas
sai
1SLSH
Correspondence c o n c e r n i n g l e g i s l a t i o n a f f e c t i n g t h e
Supreme Court and appointments t o t h e Court
(1937)•
1.
l e t t e r s * t e l e g r a m s * e t c * r e q u e s t i n g t h a t Mr*
Glass oppose t h e appointment o f Senator Hugo
B l a c k t o t h e Supreme Court *
2.
L e t t e r s and telegrams c o n g r a t u l a t i n g Mr* Glass
on h i s s t a n d w i t h r e s p e c t t o t h e B l a c k
appointment *
3*
Correspondence c o n c e r n i n g t h e a t t e m p t t o pack
t h e Supreme C o u r t .
4.
L e t t e r s t h a n k i n g Mr. Glass f o r h i s f i g h t t o
p r e v e n t t h e p a c k i n g o f t h e Supreme Court and
commenting on a r a d i o address o f March 29* 193?«
L e t t e r s o f J u l y * 1937* e x p r e s s i n g o p p o s i t i o n t o
t h e compromise measure on t h e i n c r e a s e o f t h e
number o f Supreme Court members and t h e r e q u i r e d
r e t i r e m e n t age*
5.
Correspondence c o n c e r n i n g t h e p o s i t i o n o f M r .
Glass w i t h r e s p e c t t o t h e a t t e m p t e d p a c k i n g o f
the Supreme Court* February t o June* 1937*
I n c l u d i n g l e t t e r s * t e l e g r a m s * c o p i e s o f speeches*
magazine and newspaper a r t i c l e s * e t c .
bqx 373
Correspondence regarding the speech by Mr. G l a s s s
opposing the attempt t o pack the Supreme Court
1.
Miscellaneous correspondence
a.
Against speech
b.
B r i t i s h Columbia
c.
Anonymous
d.
Nova S c o t i a
2.
Miscellaneous
3»
Miscellaneous
(1937).
w r
Correspondence regarding t h e speech by Mr.
Q l a / s , opposing the attempt t o pack the
Srpreme Court
(1937).
1*
Wisconsin
2o
Nebraska
3.
California
Box 375
Correspondence regarding the speech by Mr. Olass
concerning the packing of the Supreme Court
1.
Hew Mexico
2.
Michigan
3.
Massachusetts
4.
Montana
5„
Oregon
6.
Maryland
7.
Louisiana
(1937)
-§&r*
Box 376
Correspondence on the r a d i o speech made by Mr.
Olass I n opposition t o the attempt t o pack the
Supreme Court
(193?).
1.
Virginia
2.
Washington
3.
Mew Jersey
.5-Z6
Box 377
Correspondence from s e v e r a l s t a t e s regarding the
speech by Mr. Glass concerning the packing of the
Supreme Court
(1937).
1.
Minnesota
2.
Indiana
3«
Missouri
Alabama
5«
D i s t r i c t of Columbia
a.
Telegram from M i l l a r d E.
fydlngs.
b.
L e t t e r from a member o f the House.
j r 4
SsOXl
Correspondence In o p p o s i t i o n t o t h a stand t a k e n by
Mr* Glass aga j a s t t h e p l a n o f P r e s i d e n t Roosevelt
t o paolc tm Supreme Court
(1937)*
A0
Copy o f a newspaper r e p o r t o f the Qi^ss r a d i o
speech opposing t h e p l a n t o
the* Supreme
C our t o Trie s m a page c a r r i e s t h e s ^ o r y o f
a 5 - 4 v v t € by %hm Supreme Courts r e v e r s i n g a
d e c i s i o n made a year b e f o r e c o n c e r n i n g minimum
wages f o r women*
Box 379
Correspondence on l e g i s l a t i o n , e s p e c i a l l y r e g a r d i n g
the Supreme Court
(1937)«
A*
L e t t e r s approving the stand taken by Mr. Glass
against t h e attempt by the President t o pack
the Supreme Court.
B.
L e t t e r from the owner of a g r a i n m i l l , comparing
the attempt t o pack t h e Supreme Court w i t h the
hardship experienced under the infamous HRA.
C.
P e t i t i o n s , pamphlets, newspaper a r t i c l e s , e t c .
a l l opposing the p l a n t o pack t h e Supreme Court.
Box 380
Correspondence
A.
(1936-39)
Miscellaneous correspondence
1.
L e t t e r from Mr, Glass I n Lynchburg t o Rixey Smith,
r e f u s i n g t o recommend anyone f o r a p o s i t i o n on t h e
Board of Governors.
2.
L e t t e r from Senator Byrd on
expressing the opinion t h a t
toward a p a r t i c u l a r person,
obsessed w i t h the mania f o r
3.
L e t t e r t o Bernard Baruch from Senator Glass when
Baruch was i l l .
September 2 1 , 1937*
opposition i s developing
because "he has become
Roosevelt."
L e t t e r from I . C. Blandy on December 7* 1936,
urging Mr. Glass t o act as an Independent, e s p e c i a l l y
i n view of the d i c t a t o r i a l powers of the President
over the Treasury and the Federal Reserve Board.
5.
Upon being asked t o advise a newly q u a l i f i e d v o t e r
as t o p a r t i e s , Mr. Glass r e p l i e s t h a t n e i t h e r
p a r t y can be h i g h l y recommended t o an i n t e l l i g e n t
person, but t h a t he adheres t o the Democratic p a r t y ,
hoping t h a t someday i t w i l l r e t u r n t o Jeffersonian
principles.
6.
L e t t e r questioning continued need f o r s i l v e r
purchase p o l i c y .
7.
L e t t e r of October 6 , 1936, from Edwin W. Keramerer
t o Senator Glass, w i t h four enclosures. Kemmerer
deals w i t h such subjects as i n f l a t i o n , p r i c e s ,
the I n t e r e s t r a t e , and i n t e r n a t i o n a l f i n a n c e . The
enclosures include a r t i c l e s prepared by Mr. Kemmerer*,
8.
E. V . Kemmerer wrote t o Mr. Glass on October 3 , 1936,
asking Glass t o repeat a statement about t h e e f f e c t s
o f a decline i n the p r i c e of government bonds.
Mr. Glass s t a t e s t h a t a decline i n values would be
disastrous t o a large m a j o r i t y of banks, since they
hold so many government s e c u r i t i e s .
P o l i c i e s of the
RFC have kept banks s o l v e n t , says Glass, r a t h e r t h a n
those of the FDIC. Mr. Glass f e e l s t h a t an "explosion"
I s almost i n e v i t a b l e .
-§s*r
Box
356
(Page 2)
9.
Telegrams concerning a statement o f d i s t r u s t f o r
the New D e a l , made by Mr. G l a s s . Glass responds
t h a t he w i l l continue t o v o t e a g a i n s t any Mew
Deal proposals, which he c o n s i d e r s "unsound or
unconstitutional."
10.
Telegram from Henry Morgenthan, Secretary of the
Treasury, on December 8 , 1936, requesting t h a t
Mr. Glass arrange a time t o discuss " f i n a n c i a l
l e g i s l a t i o n " w i t h him.
11*
I n answer t o a l e t t e r , Carter Glass s t a t e s t h a t
he d i d not t h i n k Hugo Black should have been
appointed t o the Supreme Court, but saw no p r a c t i c a l
way t h a t the Senate could challenge the appointment,
having once given confirmation.
12.
I n making c r i t i c a l remarks i n connection w i t h a
biography o f h i s l i f e by James E . Palmer, Mr. Glass
s t a t e s t h a t he had "denounced Garrison as an
impostor, who d i d not contribute a l i n e nor an
idea t o the Federal Reserve A c t . " (Garrison wrote
the book about Roosevelt, Wilson, e t . a l . ) .
13.
L e t t e r of J u l y 3 0 , 1937, from Edmund P i a t t , Former
member of the Federal Reserve Board, expressing
sincere r e g r e t a t the death of H. Parker W i l l i s ,
P i a t t r e c a l l s the s t r a i n e d r e l a t i o n s between Mr.
W i l l i s and most of the members of the Board,
r e s u l t i n g from W i l l i s * c r i t i c i s m s low i n t e r e s t
r a t e s and easy money p o l i c i e s . P i a t t admits the
v a l i d i t y of W i l l i s 1 statements, but lays the blame
t o appointees t o the Board by President Harding.
14.
L e t t e r from Edmund P i a t t on October 2 3 , 1936,
enclosing an a r t i c l e on business recovery and
the gold standard by Rufus S. Tucker, a mutual
f r i e n d of he and Parker W i l l i s . tf. S. devaluation
discussed by P i a t t .
15.
L e t t e r of December 16, 1936 # from a bank p r e s i d e n t ,
urging Mr. Glass t o accept chairmanship of the
f u l l Banking and Currency Committee, r a t h e r than o f
the Appropriations Committee. Glass r e p l i e s t h a t
he would probably p r e f e r t o r e t a i n chairmanship o f
the Banking and Currency Subcommittee, because o f
h i s I n t e r e s t i n Federal Reserve l e g i s l a t i o n .
S*>t
Box
356
(Page 2)
16.
Several l e t t e r s between Mr. Glass* Harold Ickes*
and A. W i l l i s Robertson, regarding d i s c r i m i n a t i o n
i n the approval of public works p r o j e c t s ,
1?.
L e t t e r s questioning Mr. Glass as t o whether he
would support Roosevelt or Governor Landon i n
193^. Glass r e p l i e d t h a t he would support the
Democratic nominees*
18.
Personal correspondence w i t h Claude Swanson.
Secretary of the Navy, i n November, 1936.
19.
Correspondence of October 6 , 1936, I n which Mr.
Glass refuses Senator Tydings* request t o speak
before a Democratic meeting i n Baltimore on the
p r e s i d e n t i a l campaign between Roosevelt and Landon.
Glass f u l l y o u t l i n e s h i s t h i n k i n g t o Senator
Tydings.
20.
Telegrams from Carter Glass t o Mrs. Woodrow Wilson
on December 2 4 , I 9 3 7 , and December 24, 1936.
seer
53 2.
Box 381
This f o l d e r contains c h i e f l y
letters
t o Senator Glass regarding the C o u r t Packing
Bill.
The m a j o r i t y of them urge him t o vote f o r
the b i l l .
L i t t l e i n t h i s f o l d e r r e l a t e s t o the
F e d e r a l Reserve System.
Most o f the l e t t e r s a r e
from Ignorant people who are I n s p i r e d by some
o r g a n i z a t i o n such as the labor union.
33T
Box 382
C orrespondence on F i g h t f o r Freedom and w i t h H. Parker
Willis,
A.
B.
A r t i c l e s s e n t t o f i r . Glass, h o n o r a r y chairman by
F i g h t f o r Freedom* I n c .
1*
Copy o f a t e l e g r a m t o P r e s i d e n t R o o s e v e l t f r o m
t h e A s s o c i a t e d Leagues f o r s D e c l a r e d War, u r g i n g
t h a t war be d e c l a r e d on Germany* Dates September
1 1 , 19^1.
2.
C i r c u l a r s suggesting more concrete a c t i o n on t h e
p a r t of America i n opposing Germany.
3.
A r t i c l e i n the F o r t Smith Tribune f o r September
2 6 , 1941, condemning Colonel Lindbergh f o r
accepting honors from H i t l e r and c r i t i c i z i n g t h e
President f o r disagreeing w i t h him.
4.
Pamphlet by Douglas M i l l e r , "You C a n ' t Do Business
with H i t l e r . "
5.
Telegram o f August 1 2 , 1941, from the chairman
of F i g h t f o r Freedom, I n c . , warning of the c o r r e l a t i o n
between German progress and Japanese a c t i v i t y .
6.
Criticisms directed at a Senatorial investigation
of pro-Kazism i n the movie I n d u s t r y .
7.
Pamphlet by D r . Foster Kenedy, "The Psychobiology
of I s o l a t i o n i s m . "
H. Parker W i l l i s .
1.
Announcement of the death of H. Parker W i l l i s on
the f r o n t page of the S t a t e n I s l a n d Advance f o r
J u l y 19, 1937» i n c l u d i n g a statement by Senator
Glass. B i o g r a p h i c a l data g i v e n .
2.
Correspondence between Mr. Glass and John M.
concerning the establishment of a f e l l o w s h i p
a t Columbia U n i v e r s i t y i n honor of H. Parker
i n c l u d i n g Glass* statement t h a t , "Dr. W i l l i s
I were devoted f r i e n d s * "
Chapman,
fund
Willis,
and
SW
Box
3,
356
(Page 2)
L e t t e r d i s c u s s i n g t h e f e a s i b i l i t y o f a commodity
d o l l a r encloses an a r t i c l e i n which Parker W i l l i s
statements on g o l d f l o w s , p r i c e s o f commodities;
and i n t e r n a t i o n a l t r a d e .
l a t t e r of November 1 9 , 1932, from H. Parker W i l l i s
t o Carter G l a s s , describing i n d e t a i l a luncheon
meeting between Jhimaelf and P r e s i d e n t Roosevelt
a t which the Glass b i l l on banking was discussed,
W i l l i s f e l t t h a t Roosevelt was " i n sympathy w i t h
most of i t s provisions." Four t o p i c s i n which
the President was most i n t e r e s t e d are l i s t e d and
discussed.
5.
Telegram o f June 5 , 1936, from R i x e y Smith t o D r .
W i l l i s , c i t i n g p r o v i s i o n s o f a b i l l , ready t o go
t o a conference committee, concerning appropriations
f o r PWA and public works p r o j e c t s .
6.
L e t t e r o f February 2 1 , 1935* from fi. Parker W i l l i s
t o Carter Glass, i n which Mr. W i l l i s says of the
pending G l a s s - S t e a g a l l A c t , " i t i s the w o r s t and
most dangerous measure t h a t has made i t s appearance
f o r a long t i m e . " A c t i v i t y of President Roosevelt
and Marriner Eccles i n regard t o the b i l l also c i t e d .
7.
L e t t e r t o Rixey Smith from H. Parker W i l l i s on
June 2 3 , 1933, i n1 which W i l l i s requests copies of
a l l of Mr. Glass recent speeches on monetary I s s u e s ,
8.
L e t t e r t o Senator Glass on March 11, 1934, from
fi. Parker W i l l i s , requesting t h a t Mr. Glass present
a statement r e p r e s e n t a t i v e o f c o n s e r v a t i v e views
on the trend o f t h i n k i n g w i t h r e s p e c t t o c u r r e n c y
and banking matters during the "recovery" period
i n the U . S . , f o r the b e n e f i t of confused f o r e i g n e r s .
9*
A l e t t e r from Parker W i l l i s , recommending t h a t
Senator Glass read several pamphlets, brings an
answer from Mr. Glass, r e l a t i n g t o r e p u d i a t i o n and
t h e f t on the p a r t of the government p r i o r t o 1934*
10.
L e t t e r of December 27, 1934, t o Carter Glass from
H. Parker W i l l i s , requesting i n f o r m a t i o n , t o be
transmitted t o others as being from Mr. W i l l i s and
not Mr. Glass, regarding the a t t i t u d e o f President
Roosevelt toward t h e sound money p l a n k o f -the
Democratic p a r t y .
mr*
Bos 382
(Page 3)
11.
Address t o t h e American S t a t i s t i c a l A s s o c i a t i o n by
D r . Gustav S t o l p e r , " I n t e r n a t i o n a l Consequences
of t h e American Gold P o l i c y . "
12.
L e t t e r from Mr. W i l l i s t o Mr. Glass on Decembsr
2 6 , 193%, concerning the competency o f Jacob
V i n e r , f o r whoa W i l l i s has a minimum o f r e s p e c t .
13*
Mr. W i l l i s sent a l e t t e r of i n t r o d u c t i o n f o r Dr.
Michel H e l l p e r i n t o Mr. Glass on January 1 8 , 1934.
14.
L e t t e r t o Mr. Glass from Mr. W i l l i s on A p r i l 12,
1933, enclosing a copy of another W i l l i s l e t t e r t o
Treasury Secretary Woodin, g i v i n g s p e c i f i c recommendations concerning Treasury a c t i v i t i e s .
15.
Answer t o Mr. W i l l i s 1 l e t t e r enclosing l e t t e r of
Secretary Woodin. Glass agrees w i t h W i l l i s , but
holds no hope of favorable Treasury action*
Glass
s t a t e s his pleasure a t having r e f u s e d t h e j o b o f
Secretary of the Treasury and says he would probably
have q u i c k l y resigned, had he accepted t h e j o b .
16.
L e t t e r of May 12, 1933» t o Carter Glass from Parker
W i l l i s , asking t h a t Glass send l e t t e r s t o s e v e r a l
western bank commissioners, r e q u e s t i n g c e r t a i n
information about bank mergers.
17.
Three l e t t e r s d i c t a t e d by B. Parker W i l l i s on
January 4 , 1933, asking f o r c e r t a i n s t a t i s t i c a l
data from the governor o f t h e F e d e r a l Reserve Board.,
the Federal Bnployment S t a b i l i z a t i o n B o a r d , and
the Reconstruction Finance Corporation.
18.
Upon r e c e i p t of the requested m a t e r i a l Rixey Smith
wrote t o D r . W i l l i s .
19.
L e t t e r of a personal nature from Mr. Glass t o Mr.
W i l l i s , concerning European i n t e r p r e t a t i o n of
W i l l i s • opinions on banking conditions and the poor
c a l i b r e of leadership i n the Federal Reserve System,
Glass p i c t u r e s President Roosevelt as agreeing t o
most of t h e things proposed by him.
20.
L e t t e r from Carter Glass t o a S t a t e Department
o f f i c i a l , d e f e n d i n g H. Parker W i l l i s i n c o n n e c t i o n
w i t h the e f f e c t on foreigners of adverse c r i t i c i s m
of t h e Federal Reserve System by Mr. W i l l i s .
Mr.
Glass says he was " i n complete accord" w i t h some
of the c r i t i c i s m s , and " t o t a l l y disagreed" w i t h
others.
Box
356
(Page 2)
21.
L e t t e r o f October 9 , 1929, from Senator Glass t o
H. Parker W i l l i s , w h e r e i n Mr. Glass proposes t o
suggest t h a t Mr. W i l l i s be permitted t o d r a f t a
b i l l , which would " l i b e r a l i s e t h e n a t i o n a l Bank
Act" and "modify the F e d e r a l Reserve A c t " , i f
W i l l i s consents*
22.
L e t t e r from Mr. Glass t o Mr. W i l l i s , a s k i n g f o r
information about Paul Warburg's book, which had
not then appeared i n p r i n t .
23.
L e t t e r from Parker W i l l i s t o Carter Glass on June
14, 1929, making three suggestions f o r improving
the b i l l , sent t o him f o r c r i t i c i s m by Mr. Glass*
24.
Correspondence between Mr, W i l l i s 9 R i x e y Smith*
and the Comptroller of the Currency, pursuant t o
W i l l i s ' request f o r back copies of the reports o f
tfte C o m p t r o l l e r o f t h e Currency.
25.
L e t t e r s and telegrams between Mr. Glass and I f f .
W i l l i s , jattemptlng to get together t o discuss
W i l l i s ' Work on amendments t o the Federal Reserve
A c t . This l e t t e r of March 12, 1929, seems r a t h e r
Important.
26.
L e t t e r from Mr. Glass t o E. Parker W i l l i s on A p r i l
5 , 1930, concerning t h e t r u e authors o f Paul
Warburg's two volume book.
27.
Request by Parker W i l l i s f o r help from Mr. Glass i n
obtaining information from c e r t a i n s t a t e s about
branch banking and bank mergers.
28.
L e t t e r of October 11, 1929, from Parker W i l l i s t o
Carter Glass, s t a t i n g t h a t W i l l i s i s ready t o put
a banking b i l l i n t o shape, i f he knows how f a r Mr.
Glass i s w i l l i n g t o go w i t h reform. Mr. Glass
answered the l e t t e r .
29.
L e t t e r from Mr. Glass on December 5 , 1929, s u g g e s t i n g
a m o d i f i c a t i o n of the bank b i l l t o H. P. W i l l i s ,
and expressing the thought t h a t Governor Harding's
b i l l . Introduced i n the Senate by Mr. Glass, would
n o t e l i m i n a t e bond-secured c u r r e n c y .
30.
L e t t e r s of December 3 1 , 1929, end January 3> 1930^
between Mr. Glass and Mr. W i l l i s , regarding the
possible s e l e c t i o n of Mr. W i l l i s as expert t o t h e
Senate subcommittee considering the banking b i l l .
•ox 38g
(Page 5}
31.
Personal l e t t e r from Mr, Glass t o Parker W i l l i s ,
concerning t h e e f f o r t t o l o c a t e q u a l i f i e d e x p e r t s
t o speak i n o p p o s i t i o n t o " t h e vicious c e n t r a l i s i n g
f e a t u r e s of the E c c l e s b i l l . "
The connection o f
the President and the Board of Governors w i t h the
E c c l e s measure q u e s t i o n e d .
32.
L e t t e r t o Parker W i l l i s from Mr. Glass on January
2 2 , 1930, regarding f u r t h e r postponment of
discussion of amendments t o the Federal Reserve Act
and the N a t i o n a l Bank A c t . Mr. Glass points out
improvements which might be made I n the proposals
i n the meantime.
33.
Copies of J . S h i e l d Nicholson's b o o k l e t , " I n f l a t i o n , "
(belonging t o H. P. W i l l i s ) and Parker W i l l i s '
b o o k l e t , " i n f l a t i o n , D e f l a t i o n , and Business."
34.
L e t t e r t o Parker W i l l i s from Mr. Glass on March 1,
1930, s t a t i n g t h a t the amendments suggested by Mr.
W i l l i s had been put i n t o proper t e c h n i c a l shape and
requesting Mr. W i l l i s t o submit c e r t a i n other amendments, e s p e c i a l l y c o n c e r n i n g loans by New York banks
"for others."
35-
Important l e t t e r o f January 8 , 1931* f r o Carter
Glass t o Parker W i l l i s , suggesting a meeting of the
two, so t h a t Mr. Glass could be i n s t r u c t e d as t o
how t o conduct himself when confronting Federal
Reserve o f f i c i a l s . Mr. Glass states t h a t t e c h n i c a l
d e t a i l s must be handled by the b e t t e r q u a l i f i e d
Mr. W i l l i s .
36.
L e t t e r s from Mr. Glass and Mr. W i l l i s , i n which W i l l i s
requests Glass t o procure c e r t a i n information f o r
him and Glass responds.
37-
A second copy of Mr. Glass' l e t t e r t o the S t a t e
Department, defending Mr. W i l l i s . The o r i g i n of
the t r o u b l e I s traced by Mr. Glass t o "a personal
feud between the Governor (Harrison) of the New
York Federal Reserve Bank and D r . W i l l i s . "
Inflationary tendencies c i t e d by Glass.
38.
Copy of the W i l l i s a r t i c l e , charging t h a t the U. S.
was embarking upon a p o l i c y of I n f l a t i o n w i t h the
c o o p e r a t i o n of; t h e F e d e r a l Reserve Board.
Box 362
{Fag* 6)
39.
Correspondence from Stat® Department
c r i t i c i z i n g the W i l l i s report»
40.
Parker W i l l i s answers q u e s t i o n s i n regard t o the
p o s s l b i o i t y of l i m i t i n g tbe t o t a l amount of new
c u r r e n c y i n a l e t t e r t o Mr. Glass on February 15*
1932. Use bonds as e l i g i b l e paper and then a l i o s
Treasury b i l l s m a t u r i n g i n l e s s t h a n a year t o be
used as b a c k i n g f o r government notes®
Willis
notes p o s s i b i l i t y of attempts by the administration
t o weaken t h e Glass b i l l *
41.
L e t t e r of Maroh 2 0 , 1932, from Mr. W i l l i s t o Mr.
Glass, r e p o r t i n g the completion of c e r t a i n r e v i s i o n s
on :a committee r e p o r t mad® by W i l l i s a t t h e r e q u e s t
of Mr. Glass.
42.
Copy o f a proposed amendment, concerning " a u x i l i a r y
r e d i s c o u n t i n g hanks," t o which Mr. W i l l i s expresses
objection I n an accompanying l e t t e r t o Senator
Korbeek, chairman of t h e Banking and Currency
Committee on March 19, 1932.
43.
Important l e t t e r from Parker W i l l i s t o Carter Glass,
dated February 18, 1932, i n which W i l l i s repeats
his c r i t i c i s m of a report prepared by E. A.
Goldenwelser and Randloph Burgess, which destroys
much of the Glass b i l l , according t o Mr. W i l l i s .
W i l l i s f e e l s t h a t the G l a s s - S t e a g a l l Act i s
unacceptable, but t h a t most of the Glass b i l l would
be a l l r i g h t . Be l i s t s the points a t which the Glass
b i l l i s s t i l l weak.
44.
L e t t e r of March 30, 1932, from Mr. W i l l i s t o Mr.
Glass, presenting h i s t h i n k i n g w i t h respect t o t h e
recommendations of Mr* Goldenwelser and Mr. Burgess.
The points a t which the Glass b i l l should be
strengthened are l i s t e d .
Plea f o r r e s o l u t i o n of
conflicts w i t h respect t o c e r t a i n basic points i s
made by Mr. W i l l i s .
45.
H. Parker W i l l i s requests $5,000 f o r his services
as e x p e r t t o t h e Senate sub-eoasaittee.
46.
I f i « l e t t e r o f A p r i l 1 8 , 1932, t o Mr. G l a s s , Parker
W i l l i s expresses t&te d e s i r e t o have a copy o f a
memorandum on t h e Glass b i l l prepared by Morgan
and Company*
officials,,
Box 382
(Pas* T)
47.
T e n t a t i v e s « i ; g e s t i o n by
Glass i n a l e t t e r
of A s r i l 25 s 1932, t h a t Mr. W i l l i s be p r e s e n t
whori t h e Senate considers t h e banking b i l l .
48.
ZiStter o f Havch 2 1 , 1932, f r m Mr. G l a s s , s t a t i n g
t h a t i t i s imperative t h a t Mr. W i l l i s be p r e s e n t
f o r t h e h e a r i n g s on t h e b a n k i n g b i l l .
49.
L e t t e r o f March 2 8 , 1932, from Mr. W i l l i s t o
C a r t e r Glasi s t a t i n g t h a t , when t h e h e a r i n g s were
e v e r , he would s t u d y them, make a l i s t o f t h e
s p e c i f i c suggestions included, and present them
t o Mr. G l a s i f o r h i s approval or disapproval.
50*
L e t t e r of March 2 2 , 1932, from Edmond B. L i n c o l n ,
of duPont, t o Mr. W i l l i s , mentioning the d i f f i c u l t y
enforcement of c e r t a i n provisions o f the Glass
b i l l and the a t t r i b u t i o n of too much power t o the
Federal Reserve Board.
51.
Included in an analysis of the provisions of the
Glass blir. prepared c o n f i d e n t i a l l y by Mr. L i n c o l n .
52.
L e t t e r t o Parker W i l l i s from Mr. Glass on A p r i l 19,
1932, t r a c i n g the l e g i s l a t i v e h i s t o r y o f the
banking b i l l up t o the moment and e n t e r i n g complaints
about t h / t h i n k i n g of members of the Federal Reserve
Board ar/t the poor record of t h e Hew York Reserve
Bank.
53.
Glass scat W i l l i s a copy of a r e p o r t by Governor
B i r r i s C7. and also requests an opinion on c e r t a i n
amendments concerning reserves t o the Federal Reserve
Act.
54.
L e t t e r from Carter Glass t o Parker W i l l i s on January
9 , 193'.', regarding the prevention of evidences of
debt .Went the Reconstruction Finance Corporation
being made e l i g i b l e f o r discount. Also Mr. Glass
expresses the opinion t h a t only t e c h n i c a l changes
shouli be made i n the b i l l *
55«
L e t t e r t o Carter Glass from Parker W i l l i s on January
2 2 , 1932, r e f u t i n g the charges t h a t Mr. W i l l i s , i n
attacking the newly adopted p o l i c y of I n f l a t i o n ,
had caused a loss of confidence among foreigners i n
the d o l l a r .
56.
L e t t e r from Mr. W i l l i s , requesting a copy of the
Social S e c u r i t y Act from Rixey S m i t h .
JT5?
sw
-Box 382
(Page 8}
57.
l a t t e r of J u l y 29» 1935# frot>: H. Parker W i l l i s t o
Rlxey Smith, s t a t i n g t h a t t h e Glass b i l l was
meeting w i t h a b e t t e r receipticvs t h a n he had
a n t i c i p a t e d . He requests copies of t h e f i n a l d r a f t ,
H r . Glass 1 speech on the b i l l , e t n , t o f a c i l i t a t e
the w r i t i n g o f an a r t i c l e .
58.
M r . W i l l i s on May 22* 1935* requested Rlxey Smith
t o send him a copy of Marriner Eccles testimony
before the House, preparatory t o h i s ow^ appearance
before the Senate Committee.
59.
I n a l e t t e r of May 2 0 , 1 9 3 5 a Mr. W i l l i s expresses
the opinion t h a t things have progressed i n such a
way t h a t h i s services are unnecessary and he cr»as
not f e e l any compelling need f o r t e s t i f y i n g before
t h e Committee.
60.
I n answer t o a request from Parker W i l l i s t o make a
speech a t Columbia, Mr. Glass says he plans t o t u r n
hlis a t t e n t i o n t o the w r e c k i n g the Eccles b i l l and
Eccles t o o , I f possible.
61.
L e t t e r of December 17, 1932, from Parker W i l l i s ,
attempting t o a r r a n g e a meeting w i t h Mr. Glass about
the banking b i l l .
62i
Correspondence during March, 1933, wherein Mr. W i l l i s
reminds Senator Glass t h a t he I s t o recommend W i l l i s
as U.S. r e p r e s e n t a t i v e t o the World Economic
Conference and Mr. Glass makes the suggestion t o
C o r d e l l H u l l , S e c r e t a r y of S t a t e ,
63.
L e t t e r s from Parker W i l l i s r e t u r n i n g borrowed m a t e r i a l
t o Senator Glass.
64.
Note from J . P . T . O'Connor, Comptroller of the C u r r e n c y ,
on October 10, 1933t pointing out the c r i t i c a l
a t t i t u d e of Mr. W i l l i s toward the f i n a n c i a l p o l i c i e s
of the administration and enclosing a r e p o r t , s t a t i n g
t h a t W i l l i s f e l t t h a t the banking system needed
rec ons idera11on.
65.
Communications concerning the repurcussions i n
f o r e i g n countries o f Mr. W i l l i s ' r e p o r t o f i n f l a t i o n a r y
tendencies an?ong high o f f i c i a l s .
fyl
Box
9
(Pag©
4)
66.
L e t t e r o f June 1 8 , 1932, from Parker W i l l i s
t o C a r t e r G l a s s , i n which W i l l i s expresses t h e
hope t h a t , a l t h o u g h a c t i o n on t h e Glass b i l l has
been postponed, i t s enemies have n o t been s b l s
t o shelve i t completely.
67.
Parker W i l l i s sends copies of two possible changes
i n t h e F e d e r a l Reserve Act on October 23 4 1932.
68.
On December 2 , 1932, I t r , Glass w r i t e s t o Mr. W i l l i s
t h a t questions r e l a t i n g t o branch banking are
holding up the Glass b i l l .
69.
L e t t e r s from Glass t o W i l l i s i n December, 1932,
t r y i n g t o get him t o Washington i n time t o p a r t i c i p a t e i n committee c o n s i d e r a t i o n o f t h e Glass b i l l *
70.
Copy o f t h e Congressional Record, i n w h i c h Mr*
W i l l i s * p r o b l S ^ w i W T S © '^'iafe^bepartment ©re
aired.
71*
Paper* "Analysis of t h e Proposal f o r D e v a l u a t i o n
of the D o l l a r e "
M J & I
Correspondence, m i s c e l l a n e o u s
(1938-39)
A, iiscellaneous correspondence of the p e r i o d , including
personal l e t t e r s .
1.
L e t t e r frees Senator Byrd s t a t i n g t h a t he enjoyed
a chat w i t h Mr. Glass.
2.
L e t t e r from Alva B. Adams, chairman of the Public
Lands and Surveys Committee, thanking Mr. Glass
f o r congratulatory note on h i s r e - e l e c t i o n .
3.
L e t t e r from Mr. Glass t o Senator Byrd i n which
he s t a t e s , "This whole Hew Deal program simply
amounts t o p o l i t i c a l corruption by misuse of
taxpayers money."
4.
Important l e t t e r from Mr. Glass t o Leo Crowley of
the FDIC, roundly c r i t i c i z i n g Marrlner Eccles about
a proposed r e o r g a n i z a t i o n of the banking system.
5.
L e t t e r s remarking about the a t t a c k made by Mr.
Glass on Colonel Bouse i n h i s book.
6.
A copy of an a r t i c l e on d i s t r i b u t i o n of income
r e p r i n t e d from the Quarterly Journal of Economics,
sent by the General Motors Corporation, whose
employee wrote the a r t i c l e .
*7.
Statement regarding the connection of Mr. Glass
w i t h the attempt t o make Woodrow Wilson the f i r s t
president of the U n i v e r s i t y of V i r g i n i a .
(See
envelope i n t h i s box.)
8.
Expression of the idea by Mr. Glass t h a t Huey Long
was the one responsible f o r the idea of c u r t a i l i n g
production so as t o r a i s e p r i c e s , thereby ending
a depression. Long ( s statement on cotton production
c i t e d . Glass records opposition t o the p o l i c y ,
which was l a t e r adopted. He opposed the AAA and the
NRA,
9.
Telegram from the Secretary of the Senate on
September 13, 1939» i n f o r m i n g Mr. Glass o f the c a l l i n g
o f an e x t r a s e s s i o n o f Congress.
J^rT
BoxJ§2
( * » £ * 2)
10.
Copy o f a R o o s e v e l t speech p r o m i s i n g t o s t o p
d e f i c i t f i n a n c i n g , sent t o Mr. Glass toy a b i t t e r insurance executive.
11.
L e t t e r b l a m i n g bankers a t t i t u d e s f o r t h e w i t h h o l d i n g of money from c i r c u l a t i o n . Mr. Glass
responds t h a t the reason i s t h a t "no one knows
today what h i s d o l l a r w i l l be worth tomorrow."
12.
L i s t of the accomplishments of the p u b l i c works
p r o j e c t s of the f e d e r a l government i n V i r g i n i a .
Mr. Glass answers t h a t the taxpayers consent
should have been gotten and the s t a t e should have
done the work.
13.
E d i t o r i a l supporting Senator George f o r r e n o r a l n a t i o n
and l i s t i n g Mr. Glass as a t r u l y l o y a l Democrat,
opposing the " l i b e r a l " t h e o r i e s espoused by
Mr. Roosevelt.
14.
E d i t o r i a l supporting Senator George f o r r e - e l e c t i o n
against the onslaughts of President Roosevelt.
15.
Mr. Glass s i n answer t o a l e t t e r , s t a t e s t h a t
Governor Price of V i r g i n i a was one of the worst
of governors®
16.
P r e l i m i n a r y expressions o f doubt as t o t h e
a d v i s a b i l i t y of a t h i r d term f o r Mr. Roosevelt.
17.
Twelve-page paper by W i l l i a m F . R u s s e l l of Columbia
U n i v e r s i t y on communism and the way t o meet I t s
menace.
18.
Mr. Glass s t a t e s , i n answer t o a l e t t e r , t h a t he
opposed the 1938 Appropriations b i l l as being too
l a r g e , although he was chairman of the Appropriations
Committee.
19.
L e t t e r s opposing the granting of f u r t h e r powers
t o t h e Federal Home Loan Bank Board; p a r t i c u l a r l y
i n regard t o the c h a r t e r i n g o f f e d e r a l s a v i n g s and
loan a s s o c i a t i o n s .
20.
Request from the Union Trust Company of Maryland
t h a t changes be made i n the p l a n of the F e d e r a l
Reserve Board t o end the p r a c t i c e of i n t e r l o c k i n g
directorates.
r
s-t+yBox
356
(Page 2)
21.
L e t t e r from ¥ . G. McAdoo, i n q u i r i n g m t o t h e
a d v i s a b i l i t y o f moving h i s f a m i l y t o C h a r l o t t e s v i l l e .
22.
Telegram o f November 10, 1938, froib Mr. Class,
congratulating Pat McCarron on h i s r e - e l e c t i o n
t o t h e Senate, and t h e S e n a t o r ' s e x p r e s s i o n o f
appreciation.
23.
I n answer t o a l e t t e r from James E . Palmer, Mr.
Glass favorably notes W. A. S c o t t ' s r e p u d i a t i o n
of t h e book by G a r r i s o n on R o o s e v e l t , W i l s o n , e t .
a l . Glass a l s o mentions many communications from
Paul Warburg a t t r i b u t i n g t o him (Glass) authorship
of the Federal Reserve Act.
24.
E d i t o r i a l c i t i n g Edmund P i a t t ' s a t t i t u d e toward
r e s t r a i n i n g c r e d i t e a r l y i n 1929s while he was on
the Federal Reserve Board and h i s subsequent
opposition t o the abandonment of the gold standard *
25.
L e t t e r of December 2 , 1938, from Edmund P i a t t f
expressing his agreement w i t h M r . Glass on t h e
"gradual destruction o f the Federal Reserve System"
and r e c a l l i n g h i s attacks on "the monetary
magicians."
26.
L e t t e r from Edmund P i a t t t o Mr. Glass, p o i n t i n g out
the f a i l u r e o f the Federal Reserve System t o serve
as a commercial system, because of i t s cheap money
p o l i c y and the devaluation of the d o l l a r . I t i s
a l s o stated t h a t a check on the cheap money p o l i c y
might develop, i f bank deposits continue t o increase,
w h i l e I n t e r e s t r a t e s remain low, and c a p i t a l accounts
continue t o be d i f f i c u l t t o i n c r e a s e . Glass r e p l i e s
t h a t the Federal Reserve System i s being r u i n e d by
the p r e s i d e n t i a l appointee a t t h e head o f the Board.
The tendency t o t u r n the Federal Reserve Board i n t o
a c e n t r a l bank i s noted.
27.
L e t t e r of November 17, 1938, t o James E. Palmer*
i n which Mr. Glass r e c a l l s having denounced the
author, Mr. Garrison, but search of h i s records
f a i l e d t o r e v e a l the a t t a c k .
28.
Correspondence by which Mr. Glass f o i c e s corse*, t i o n
of a newspaper s t o r y , s t a t i n g t h a t t h e 9aim«,r
biography of him was "authorized" by au . G l a s s ,
Box 383
(Pag©
4)
29*
L e t t e r from Edmund P i a t t , c i t i n g a r e p o r t by
Goerge W. Dowrie f a v o r i n g t h e e x t e n s i o n of b r a n c h
banking even i n opposition t o s t a t e laws.
Piatt
agrees w i t h Dowrie and f e e l s t h a t M r . Glass
probably does t o o .
30.
L e t t e r c r i t i c i z i n g PHA methods of r e j e c t i n g an
a p p l i c a n t as a c r e d i t r i s k and suggesting l i m i t a t i o n
of t h e powers o f PHA a u t h o r i t i e s .
31.
L e t t e r from A. W i l l i s Robertson, a member of the
House o f R e p r e s e n t a t i v e s ? t o M r . G l a s s , c o n c e r n i n g
a p p r o p r i a t i o n s f o r t h e B l u e Ridge Parkway.
32.
L e t t e r s r e l a t i n g t o the biographies being p r e p a r e d
s i m u l t a n e o u s l y by Mr. Palmer and M e s s r s . S m i t h and
B e a s l e y , i n c l u d i n g l e t t e r s from Mr. Glass t o R i x e y
S m i t h , w h i l e he was working on t h e c o l l e c t i o n here
being examined.
(Mr. Glass s t a t e s t h a t he never
listened to lobbyists).
33•
L e t t e r from Rixey Smith approving the condemnation
of Harold I c k e s by Mr. Glass, a f t e r Ickes a t t a c k .
34.
A l e t t e r expressing the opinion t h a t the r e s u l t
of unemployment compensation g r a n t s i s t o encourage
idleness i s answered by Mr. Glass w i t h a statement
of the s t u p i d i t y of a government agency attempting
t o c o n t r o l the a f f a i r s of p r i v a t e business.
Glass
recommends t h e a b o l i t i o n of the Hew Deal agencies.
35*
Correspondence c o n g r a t u l a t i n g M i l l a r d B . ^ r d i n g s on
his v i c t o r y against a d m i n i s t r a t i o n forces I n winning
r e - e l e c t i o n t o the S e n a t e .
36.
Address "Recent Economic T r e n d s , " by R e p r e s e n t a t i v e
Woodrum on J u l y 6 , 1938.
Correspondence on l e g i s l a t i o n (1937-39)
km L e t t e r s * t e l e g r a m s * e t c - i n r e g a r d t o
under c o n s i d e r a t i o n a t t h e t i m e ,
legislation
lo
L e t t e r s r e l a t i n g t o proposed amendments t o the
n a t i o n a l Labor R e l a t i o n s Acta
2*
O p p o s i t i o n expressed t o L a f o l l e t t e
bill*
3*
Correspondence g i v i n g views on t h a
i n Europe*
situation
4o
Aid t o A l l i e s
favored.
Favor expressed f o r W a l t e r - L o g a n b i l l by many
correspondents *
6*
O p p o s i t i o n expressed t o a t t e m p t t o g i v e t h e
government t i t l e t o submerged l a n d o f f t h e c o a s t .
7*
Repeal o f t h e Johnson A c t requested*
8*
9.
O p p o s i t i o n t o t h e Wheeler-Jones b i l l *
Support f o r t h e Maloney b i l l * r e l a t i n g t o t h e
sugar i n d u s t r y asked*
10.
O p p o s i t i o n t o t h e Wagner-Lea b i l l *
i n v e s t m e n t t r u s t s * recorded*
11.
A i d f o r Poland s u p p o r t e d .
12*
Support asked f o r t h e G i l l e t t e - K l e b e r g
13*
Opposition t o a b i l l p e r m i t t i n g the establishment
o f branch banks across s t a t e l i n e s *
14*
L e t t e r from S t e w a r t McDonald* FEA a d m i n i s t r a t o r *
r e p o r t i n g on t h e work o f h i s agency i n V i r g i n i a
d u r i n g 1939*
15*
L e t t e r s opposing proposed changes i n t h e
o f t h e WPA*
16*
A p p r o v a l expressed o f t h e Barden amendments t o
t h e Wage-Hour Law.
17*
Favor expressed f o r t h e b i l l i n t h e House t o
r e s t r a i n c h a i n s t o r e s i n t h e i r e x e r t i o n o f monopoly
powers«
18*
Report o f t h e Senate Commerce Committee on t h e
R i v e r and Harbor b i l l * A p r i l 3* 19^0*
regulating
bill*
organiiati
Box 385
Correspondence on l e g i s l a t i o n (1940)«
A. L e t t e r s , telegrams, e t c . dealing w i t h l e g i s l a t i v e
matters under consideration.
1.
L e t t e r s urging c a r e f u l a t t e n t i o n to the war
s i t u a t i o n I n Europe; r e p e a l o f the Johnson and
N e u t r a l i t y Acts requested.
2.
L e t t e r s supporting Mr. Glass 1 stand i n favor of
sending supplies t o the A l l i e s t o coraba\ German
aggression.
3.
L e t t e r s expressing opposition t o the LaPol\ette
C i v i l Liberties B i l l .
4.
L e t t e r from the president of the Dairymen's x%ague,
f a v o r i n g l e g i s l a t i o n encouraging a sound credit
system (reasonable l e v e l of p r i c e s ) r a t h e r thai. 3
lowering of i n t e r e s t r a t e s .
5.
L e t t e r p r o t e s t i n g the statement of the Department
of Labor t h a t lumber r e t a i l e r s were wholesalers»
6.
L e t t e r s pro and con, concerning the S m i t h amendments
t o the Wagner Labor Relations Act.
7.
L e t t e r s and statements r e l a t i n g unemployment t o war
production.
8.
L e t t e r from the chairman of the N a t i o n a l Economy
League, strongly opposing continued expenditures f o r
luxury items by the government, i f defense expenses
continued.
9.
Many l e t t e r s suggesting t h a t Congress remain i n
session i n order t o provide f o r the nations defense.
V
10.
L e t t e r of June 14, 1940, from M. P. Brennan,
president of the United Mine Workers, opposing the
Smith amendment.
11.
L e t t e r s encouraging the continuation of f r e i g h t
forwarding s e r v i c e s .
Box 385
(Pag©
4)
12.
L e t t e r t o Mr. Glass from t h e chairman o f t h e House
Rules Committee, e n c l o s i n g a copy o f a l e t t e r from
R e p r e s e n t a t i v e Hoffman t o h i s Republican c o l l e a g u e s
a t t a c k i n g President Roosevelt.
13.
Requests f o r s u p p o r t o f t h e Truman Hobbs b i l l on
transportation.
14.
Telegrams o f May 16, 1940, r e q u e s t i n g s u p p o r t f o r
t h e P r e s i d e n t ' s t a l k on d e f e n s e .
15.
L e t t e r s opposing Jones-Wheeler
16.
Questions r a i s e d "in regard t o a proposed law as t o
whether c e r t a i n investments o f t r u s t companies would
be exempt from s p e c i f i c r e g u l a t i o n s . Changes
proposed.
17.
Question from a Democrat as t o how t o vote i n 1940,
i f he could not support a f u r t h e r a d m i n i s t r a t i o n
spending program,
18.
L e t t e r from a c l e a r i n g house association opposing
the establishment of branch banks across s t a t e l i n e s .
19.
Requests t h a t the Truman-Hobbes b i l l be passed over
the President's v e t o .
20.
Three p e t i t i o n s urging opposition t o the Lee b i l l ,
21.
Suggestion of a r e t a i l sales tax made by a lawyer.
22.
L e t t e r s of May, 1940, asking t h a t WPA workers not
be r e c l a s s i f i e d and paid l e s s .
23.
Correspondence from i n d u s t r i a l concerns opposing t h e
Lafollette b i l l .
24.
Support requested f o r the Logan-Walter
25.
Form l e t t e r t o the Senators from James M. Meade
of the Commerce Committee, suggesting an amendment
t o the Federal Reserve Act which would be designed
t o enlarge the c r e d i t opportunities f o r small
businesses Q
bill.
bill.
Box 385
(Page 3)
Copy of Frederick M. Delano's proposal f o r a
"sound economic monetary system f a r the United
States"
(8 pages) accompanied by a request f o r
criticism.
L e t t e r from Senator B i l b o of the A g r i c u l t u r e and
Forestry Committee w i t h several enclosures r e l a t i n g
t o types of covering f o r bales of cotton.
Box 386
L e t t e r f r o m B l a k e y , P r e s i d e n t of t h e N a t i o n a l
Bank o f B u r l i n g t o n ,
vs. g i v i n g Comptroller of the
Currency power t o pass on d i v i d e n d s o f N a t i o n a l
Banks•
A t h e s i s "Win the War w i t h Gold" by Marvin
and Heath.
L e t t e r from C i t i z e n s Bank of Falrmount regarding
branch banks and F e d e r a l Reserve exclusion of
banks w i t h branches.
Many l e t t e r s vs. the Smith B i l l unending N a t i o n a l
Recovery Administration (Wagner A c t ) .
Many l e t t e r s
vs. adjournment o f Congress.
Many l e t t e r s urging feel;? f o r F i n l a n d .
Many l e t t e r s urging h e l p f o r B r i t a i n .
Many l e t t e r s of opposition t o e n t e r i n g the war.
Comment*
Nothing on t h e F e d e r a l Reserve System.
SSL
Box 387
Byrd r e p o r t s on n o n - e s s e n t i a l government
spending of which Committee Glass was a member.
Has some bearing cm monetary p o l i c y .
Only one
l e t t e r In this l o t relates d i r e c t l y to the Federal
Reserve.
I t I s a paper by F r e d e r i c k A. Delano,
an uncle of the President and l a t e r Comptroller
of t h e Currency.
Comment s
Most items r e l a t e t o n a t i o n a l defense.
—'~*ii
^-i" "J> r'ri
SS*2L
Boa 3^8
Correspondence on l e g i s l a t i o n
(1939-40)
A. Correspondence on v a r i o u s s u b j e c t s under* l e g i s l a t i v e
consideration at the time.
1*
Papers p r o t e s t i n g f u r t h e r government i n f r i n g e ment upon t h e l i f e i n s u r a n c e b u s i n e s s >
,
2„
L e t t e r s p r o t e s t i n g f u r t h e r shipments o f m a t e r i a l s
t o Japan, which a i d her i n the war against China,
3.
Pleas t o insure the r e t a i n i n g of a 3 l / 2 # i n t e r e s t
r a t e on mortgages held by the F e d e r a l Land Banks,
4.
L e t t e r from a banker, having t o do w i t h bank
loans t o o f f i c e r s .
5.
Aid t o Finland requested.
6.
L e t t e r questioning the p o s s i b i l i t y of a r e p u d i a t i o n
of the n a t i o n a l d e b t .
7.
L e t t e r s supporting or expressing opposition t o
proposed changes i n the Wage and Hour law.
8.
Suggested amendments t o the F a i r Labor Standard
Act.
9.
Pamphlet s t a t i n g reasons f o r opposing t h e S t *
Lawrence Seaway.
10.
Suggestion from the I l l i n o i s Manufacturers 1 Associ a t i o n t h a t the N a t i o n a l Labor R e l a t i o n s Act be
r e p e a l e d , or a t l e a s t changed i n s t a t e d r e s p e c t s ,
A . Correspondence on l e g i s l a t i o n d u r i n g 1940 „
1.
I i i s t of the Ideas of the Transportation Association
o f America, concerning governmental p o l i c i e s toward
the r a i l r o a d s .
2.
L e t t e r s concerning excise taxes on tobacco.
3*
Expression of opposition t o t h e proposed F e d e r a l
Mine Inspection B i l l .
L e t t e r s e x p r e s s i n g a p p r e c i a t i o n t o Mr. Qlass f o r
introducing a b i l l i n the Senate against
luster l o c k i n g
bank d i r e c t o r a t e s .
5*
Pamphlet concerning d e n t i s t r y and t h e n a t i o n a l H e a l t h
Program.
6.
L e t t e r from t h e Campana Sales Company, p r o t e c t i n g a
demand by the Federal £rade Coaaission f o r ii;fc2".K?.1;Ic2:
concerning the f i n a n c i a l operations of the b u s i n e s s ,
7»
L e t t e r a f a v o r i n g the Wheeler-Truman b i l l ,
transportation*
8.
L e t t e r o f January 24,
p r o t e c t i n g the mvviur-iwlly
h i g h c a p i t a l r e q u i r e m e n t s top. banfts which m v is-jitf. svu
o f t h e F e d e r a l Reserve Syst<sia "and a l s o »sut t o
e s t a b l i s h branches,
9,
Letters favoring the Kindergarten B i l l .
concerning
10.
The cotton I n t e r e s t s request; e x t e n s i o n of th® fiesS'pr-ocf.i
Trade A g r ^ a ^ e n t s .
11.
L e t t e r f r o m a member, bank o f t h e Fedeval Reserve S y i x - ^ j
c r i t i c i z i n g t h i . F e d e r a l /Deposit'.Xturarft&bd Ccvpc^at:
tot t a k i n g do long; t o answer v i t a l -correspondeii^e.
12.
L e t t e r B a n d t e l e g r a m s s c o n c e r n i n g a B r i t i s h KBta?;;-^
on A m e r i o t e t o b a c c o , i n c l u d i n g eoaasufcicaticns i ^ a i '
C o r d s l l H u l l at : t h e -DepiartsjeB't d f B t s t © .
Box
2
(Page 3)
13•
Copy of a b i l l from the Senate Commerce Committees
regarding public works projects on r i v e r s and
harbors.
14.
l a t t e r enclosing s statement e n t e r e d i n t h e Congress
l o n a l Record by Senator Byrd, d e a l i n g i n e x c e l l e n t
fashion w i t h t h e low r a t e of i n t e r e s t on government
bonds and i t s e f f e c t s .
15.
L e t t e r s opposing the quota system f o r s t a t e s under
c i v i l service l a w s .
16.
L e t t e r from a Winchester, V i r g i n i a , bank, s t a t i n g
t h a t * contrary t o prevalent opinion, t h e r e was no
lack of c r e d i t f a c i l i t i e s i n 1939.
Cox
This box contains l e t t e r s r e l a t i v e t o
loan t o F i n l a n d ; t o Japanese aggression i n
China;
the a d v e r t i s i n g of l i q u o r by radio«
V e r t u a l l y n o t h i n g on t h e F e d e r a l Reserve
System.
Boxj&l
Correspondence on l e g i s l a t l o n
(1940)
A. M i s c e l l a n e o u s l e t t e r s on v a r i o u s t o p i c s o f i n t e r e s t i n 19^0.
1*
L e t t e r s f r o m a c o a l m i n i n g and s h i p p i n g
r e l a t i n g t o p r o p e r p r i c i n g o f coal,,
firm,
2»
L e t t e r s o p p o s i n g t h e use o f r a d i o f o r
a d v e r t i s e m e n t s <•
3*
l e t t e r s f a v o r i n g t h e exemption o f d a i r y producers
f r o m c o m p l i a n c e w i t h t h e F e d e r a l Wage-Hour law *
liquor
l a t t e r opposing t h e continued a p p l i c a t i o n o f
R e c i p r o c a l Trade Agreement t o t h e manganese
industry*
the
A t t a c k s on t h e methods employed i n t a k i n g t h e census„
Protests concerning the delay i n proceeding w i t h tim
t a k i n g o f t h e census«
6*
L e t t e r s f a v o r i n g t h e b i l l p r e s e n t e d by S e n a t o r Logan
t o l i m i t t h e powers o f F e d e r a l b u r e a u s *
?•
L e t t e r o p p o s i n g p r i c e s u p p o r t s f o r sugar b e e t g r o w e r s ,
8*
Copy o f a r e s o l u t i o n by t h e West V i r g i n i a Chamber
o f Gamerce*
e x p r e s s i n g o p p o s i t i o n t o t h e Mead b i l l ,
w h i c h w o u l d s e t up an I n d u s t r i a l Loan C o r p o r a t i o n *
9*
L e t t e r s requesting continued p r o t e c t i o n f o r
sugar I n d u s t r y *
the
10.
L e t t e r s t a t i n g t h a t g o l d was b e i n g s u b s t i t u t e d f o r
c r e d i t as r e & ^ r v e s and t h a t i n e l i g i b l e paper was feeins
discounted.
11.
L e t t e r f r o m B l y t h e W. B r & n a i t o B r * Douglas 5* Wrernnm
on March 15* 19^0* n a m i n g o f t h e danger t o America
o f c o n t i n u e d German agg* e ^ u l o n *
12*
O t h e r e a r n i n g s o f impending danger t o America o f
f a l l of Finland•
13*
L e t t e r s c r i t i c i s i n g t h e Wagner A c t and- t h e F a i r
Labor S t a n d a r d A c t *
Changes advocated*
ths
bo-a 391
55?
(Pags 2 )
14*
L e t t e r s p r o and con on l e g i s l a t i o n t o
chain s t o r e organization.
15o
L e t t e r s u g g e s t i n g t h a t more s t r i c t mine i n s p e c t i o n
i s i n t e n d e d t o do more t h a n i n s u r e h e a l t h and
safety®
16*
L e t t e r from t h e A s s o c i a t i o n o f S h i p B r o k e r s and
A g e n t s , o p p o s i n g t h e g r a n t o f power over c o a s t a l
and i n l a n d waterways t o t h e ICC.
17.
L e t t e r s f a v o r i n g t h e maintenance o f an independent
banking system i n p r e f e r e n c e t o a system of branch
banking.
I80
E d i t o r i a l i n the Columbus Evening D i s p a t c h f o r
A p r i l 1 1 , 1940, showing how f e d e r a l a g e n c i e s , once
e s t a b l i s h e d , extend t h e i r powers, e . g . , the S JJ,C,
19"
Memorandum from t h e F e d e r a l Advisory Council
a d v i s i n g a g a i n s t adoption of amendments t o t h e
F e d e r a l Home Loan Bank A c t .
20o
L e t t e r from R e p r e s e n t a t i v e Bierman o f A p r i l
1940-,
concerning r e s p o n s i b i l i t y f o r t h e e s t a b l i s h m e n t o f
t h e F e d e r a l Deposit Insurance Corporation*
21.
L e t t e r o f A p r i l 3 , 1940, from Senator Downey,
a s k i n g Mr. Glass t o be present when he c r i t i c i s e s
t h e S o c i a l S e c u r i t y A c t . He s a i d PUBLIC f u n d s were
going t o wealthy p e o p l e , i n s t e a d o f c o n t r i b u t i o n s
going t o needy f o l k s .
22.
L e t t e r s i n r e g a r d t o amendments t o t h e n a t i o n a l LaborRelations Act.
23«
Banker o p p o s i t i o n t o Jones-Wheeler
24.
Reports o f March 1 5 , 1940, concerning r i v e r s and
harbors.
25«
L e t t e r s r e l a t i n g t o the H u l l r e c i p r o c a l t r a d e p r o g r a m ,
26.
L e t t e r from a f a r m e r , r e q u e s t i n g more l i b e r a l loan
c o n d i t i o n s and an extension of p a r i t y p r i c e p l a n s .
restrain
bill.
Sox 39g
P o l i t i c a l Correspondence
A. Labor
(1040-4??)
legislation.
1.
P e t i t i o n s opposing a l l a n t i - l a b o r l e g i s l a t i o n
whloh were under c o n s i d e r a t i o n , e . g . , t h e Smith
bill.
2.
S e v e r a l l e t t e r s h a v i n g t o do w i t h t h e d e c i s i o n
of the War Labor Board i n t h e case i n v o l v i n g t h e
Walker-Turner Company.
3.
L e t t e r s s p e c i f i c a l l y f a v o r i n g or o p p o s i n g t h e
f o r t y - h o u r week, t h e closed shop, overtime pay,, e t c .
4.
L e t t e r s p r o t e s t i n g t h e advantages e n j o y e d by a
l a b o r e r over a w h i t e - c o l l a r w o r k e r .
5«
L e t t e r s opposing t h e S t . Lawrence Seaway p r o j e c t .
6.
B r i e f of a case b e f o r e t h e Supreme C o u r t , conc e r n i n g t h e 40-hour week and overtime wages.
•
B.
Correspondence between R i x e y Smith and the company
which published t h e biography o f C a r t e r Glass by
M r . S m i t h and Bomsan B e a s e l e y .
C.
Correspondence w i t h Henry Morgenthan, S e c r e t a r y o f
t h e T r e a s u r y , i n c l u d i n g notes from the s e c r e t a r y
thanking M r . Glass f o r s u p p o r t i n g c e r t a i n l e g i s l a t i o n ®
f o r example, c o n t i n u a t i o n of t h e p r e s i d e n t i a l power
t o devalue t h e d o l l a r .
D.
Correspondence concerning t h e attempt of W i l l i a m K.
Peters t o be reimbursed by t h e government f o r
damages done t o h i s f a m i l y d u r i n g t h e C i v i l War.
Mr. Glass expressed the o p i n i o n t h a t introduction
o f such a b i l l w o u l d be f r u i t l e s s , ,
iTiT?
Correspondence on f e d e r a l Judgeships
A,
{1940-43).
Correspondence concerning persona e l i g i b l e
to
f i l l vacant j u d i c i a l o f f i c e s . , p a r t i c u l a r l y
the
p o s i t i o n o f Judge o f t h e U. S . D i s t r i c t
Court
f o r t h e Eastern D i s t r i c t o f V i r g i n i a .
1.
L e t t e r s of recommendation t o Mr. Glass.
2.
Mr. Glass*
recommendations.
Correspondence) on p o l i t i c s and
(1939-40)
legislation
A* Copies o f r e p o r t s s u b m i t t e d t o the Board o f Overseers
of Swe$t B r i a r College,* o f wliiefa Carter- Glass was a
member *
B* Corres;ondenoe c o n c e r n i n g t h e p o s s i b i l i t y o f cona t r u c t »ng a l a r g e a p a r t m e n t house n e x t t o t h e
A r l i n g t o n Cemetery, r a t h e r t h a n e n l a r g i n g t h e
i n c l u d i n g a l a t t e r from President Roosevelt
on the s u b j e c t .
C*
B*
Correspondence r e l a t i n g t o t h e T h m m J e f f e r s o n
' J i c e n i e n n i a l Commission* o f whleh M r . Glass wae
Siniraim,
L e t t e r f r o m Howard Smith*
A few i t e m s o f correspondence c o n c e r n i n g t h e p o s s i b l e
r e p e a l , o f t h e p o l l t a x as a p r e r e q u i s i t e * s o m e t h i n g
w h i c h Mr* G l a s s opposed«
M i s c e l l a n e o u s correspondence h a v i n g t o do l a r g e l y
w i t h t h e recommending o f p e o p l e f o r J o b s .
f•
1»
L e t t e r s from Henry I*« Stlmson, S e c r e t a r y
Mar^ a r e i n c l u d e d , ,
2*
l a t t e r o f F e b r u a r y 25* 19^1* e x p r e s s i n g
o p p o s i t i o n t o a change i n r e s e r v e r e q u i r e m e n t s
d e s i g n e d t o make i t more d i f f i c u l t f o r t h e
government t o borrow f r o m t h e F e d e r a l Reserve
System»
3*
S m a l l pamphlet c o n c e r n i n g t h e excess p r o f i t s
Miscellaneous l e t t e r s r e l a t i n g mostly t o aid
England.
( P i c t u r e o f Mr* and Mrs* S l a a s } *
of
for
sax*
su
I M J M L
1„
L a t t a r s u r g i n g Gloss t o support M i l k i © t o
2®
P r o t e s t s a g a i n s t Ohe b o o i n g o f Glass * r e f e r e n c e s
t o J e f f e r s o n i n a speech a t Chicagoo
3«
Papers i n d i c a t i n g g r e a t f e a r o f New D e a l and FDR*
ka
Great unrest l a the c o u n t r y e
5.
L e t t e r s urging Glass t o put t h e country above p a r t y „
6«
L e t t e r s irom across t h e country u r g i n g Glass
t o put country above p a r t y .
office„
i s l M
Correspondence on l e g i s l a t i o n
(1941-42)«
A. L e t t e r s , e t c . c o v e r i n g a w i d e r a n g e o f
There a r e numerous i t e m s .
subjects®
1.
L e t t e r s d e a l i n g w i t h t h e proposed Longshoreman's
and Barbor Worker's Compensation A c t , mostly
o p p o s i n g t h e enactment of t h e l e g i s l a t i o n .
2.
Bequests f o r support o f t h e M u r d o c k - O i l l e t t e
S.1861.
3.
A s u g g e s t i o n f o r t h e impeachment o f t h e P r e s i d e n t *
i f he sent t h e Navy t o the a i d o f t h e B r i t i s h .
The l e t t e r cones from Anchorage, A l a s k a .
Other
such s u g g e s t i o n s .
4.
L e t t e r s t a t i n g o p p o s i t i o n of t h e automobile d e a l e r s
o f D a p v l l i e , V i r g i n i a , t o a more s t r i c t R e g u l a t i o n
W. Other such l e t t e r s .
5-
Numerous l e t t e r s and telegrams suggesting l e g i s l a t i o n
p r o h i b i t i n g t h e c a l l i n g of s t r i k e s i n i n d u s t r i e s
v i t a l t o t h e defense program.
6.
Numerous l e t t e r s a s k i n g f o r support f o r a measure
a f f o r d i n g a 15$ pay r a i s e f o r a l l p o s t a l employees.
7.
L e t t e r s expressing opposition t o the S t .
Seaway p l a n .
8.
A b r i e f description of a possible Continental
Defense F o r c e , submitted by t h e American Legion a t
Norfolk.
9.
Numerous telegrams and l e t t e r s pro and con over t h e
Smith a n t l - s t r i k e b i l l .
Glass s a i d he f a v o r e d t h e
bill.
Bill,
Lawrence
10.
Pledges o f support from v a r i o u s sources a f t e r
December 7 , 1941, f o r I n s t a n c e , an assurance o f
continuous war production from t h e N a t i o n a l A s s o c i a t i o n o f Manufacturers.
11.
L e t t e r s and telegrams urge t h e adoption o f p r i c e
control l e g i s l a t i o n .
Also r e n t c o n t r o l s urged,
"si
Box 39.6
(Fsga 2 )
12.
L e t t e r e n c l o s i n g an e d i t o r i a l f r o m the Chicago
D a i l y t r i b u n e f o r December 4 , 1941, s t a t i n g
t h a t p r i c e c o n t r o l s Mere n o t y e t needed * because
o f t i i e l i m i t a t i o n s w h i c h w o u l d be p l a c e d on supply.,
13®
L e t t e r s u g g e s t i n g t h a t Congress a s s e r t i t s
a u t h o r i t y o v e r t h e P r e s i d e n t and e n c l o s i n g t w o
a r t i c l e s by Westbrook P e g l e r on t h e s u b j e c t *
14.
l a t t e r o f December
1941* f r o m t h e r e p r e s e n t a t i v e s
o f t h e U n i t e d F e d e r a l Workers o f A m e r i c a , f a v o r i n g
p r i c e c o n t r o l w h i l e opposing w a g e - f i x i n g *
15*
Telegram s u g g e s t i n g improvement i n w o r d i n g f o r t h e
Lanham b i l l c o n c e r n i n g d e f e n s e h o u s i n g , accompanied
by a copy o f t h e b i l l and s r e p o r t b y Mr* Landua.
16*
L e t t e r s o p p o s i n g t h e c l o s e d shop*
17o
L e t t e r f r o m t h e Gary* I n d i a n a , Chamber o f Commerce
f a v o r i n g t h e S t * Lawrence Seaway p r o j e c t *
18*
Form l e t t e r o f November 28* 1941, f r o m W i l l i a m
G r e e n , p r e s i d e n t o f t h e American F e d e r a t i o n o f
L a b o r , o p p o s i n g proposed a n t i - s t r i k e l e g i s l a t i o n *
19*
Suggestion
Mor gen t h a n ,
l e v i e d , so
industries
t o t h e S e c r e t a r y o f t h e T r e a s u r y , Mr*
t h a t a t a x on i n c r e a s e s i n Imam® be
t h a t p e o p l e n o t employed i n d e f e n s e
w o u l d n o t be p e n a l i s e d *
3
y&r
S2L32I
Correspondence on b a n k i n g l e g i s l a t i o n
A.
1933.
A p p r o x i m a t e l y 100 l e t t e r s from a l l o v e r t h e c o u n t r y
most o f which were w r i t t e n i n Maroh, 1933, s u g g e s t i n g
p o s s i b l e c o u r s e s o f a c t i o n t o meet t h e problems
w h i c h caused t h e bank h o l i d a y , i n c l u d i n g g u a r a n t e e
o f d e p o s i t s and b r a n c h b a n k i n g .
a.
An e i g h t - p a g e pamphlet by J . R. Edwards
Contamination o f C r e d i t .
b,
Notes concerning t h e s e l l i n g o f p r e f e r r e d s t o c k
by banks t o meet emergency needs s e n t t o M r . Glass
by Robert V . Fleming, P r e s i d e n t o f Rlggs N a t i o n a l
Bank.
Co
A twelve-page b o o k l e t , "Same ABC's o f Currency
I n f l a t i o n , " sent t o Mr. Glass by Edmund E . L i n c o l n ,
who had the advise of H. Parker W i l l i s on t h e
contents of t h e b o o k l e t .
d.
A l e t t e r f r o m W a l t e r N e s b i t , a member o f t h e House
o f R e p r e s e n t a t i v e s , enclosing a l e t t e r from t h e
Treasurer of t h e S t a t e o f I l l i n o i s concerning t h e
a d v e r s e e f f e c t on s t a t e f u n d s o f t e r m i n a t i n g t h e
payment of i n t e r e s t on demand d e p o s i t s .
e.
A d i g e s t o f t h e Emergency Bank B i l l o f March, 1933 f
prepared by Charles W. C o l l i n s and sent t o Mr. Glass
f o r h i s records by Gardner B . P e r r y . M r . C o l l i n s
a l s o i n c l u d e s l i s t s o f t h e emergency and permanent
provisions of the b i l l .
"The
p f, ft~
P o l i t i c a l Correspondence^
1938-46.
Miscellaneous correspondence o f a
nature.
political
S e v e r a l f o l d e r s , i n c l u d i n g correspondence
p e r t a i n i n g t o appointment t o Federal Judgeship
Western V i r g i n i a s p o l i t i c a l and l e g i s l a t i v e
pondence w i t h H a r r y F . B y r d ;
C o l g a t e Darden.
re-election;
Joseph L e i b .
in
corres-
f o l d e r c o n c e r n i n g Gov.
C o n g r e s s i o n a l pensions; B y r d
American Banker's A s s o c i a t i o n and
Box 399
1.
A communication r e g a r d i n g th© r e g u l a t i o n o f v i c e and
liquor.
2.
Coomunicatiori o b j e c t i n g t o t h e passage of t h e R i v e r s
and Harbours b i l l .
3.
A communication r e g a r d i n g t h e Longevity B i l l .
4.
A communication r e g a r d i n g t h e r e g u l a t i o n of
sales.
5.
A b i l l proposing
6.
A communication a g a i n s t t h e l i m i t a t i o n s o f t h e d r a f t age.
7.
A communication f a v o r i n g a m a n u f a c t u r e r s t a x on g o l d
as against a r e t a i l s a l e s t a x on j e w e l l r y .
8.
A c o m ^ n i c a t l o n u r g i n g t h a t we s t a y o u t o f t h e w a r .
9.
A communication r e g a r d i n g t h e admissions t a x .
installment
t h e sending of troops abroad.
10.
Cjssmunicatlon r e g a r d i n g t h e S t . Lawrence S h i p C a n a l .
11.
4 number o f other l e t t e r s r e g a r d i n g t a x e s and t a x a t i o n .
Y:.
Letters that reject to a n t i - s t r i k e
13.
Letters concerning the devaluation o f t h e
14.
L e t t e r s r e q u e s t i n g f a v o r s f o r workers on t h e Panama Canal.
15.
Miscellaneous c o m m u n i c a t i o n s , i n c l u d i n g s u c h s u b j e c t s
as d a y l i g h t saving t i m e , p o s t a l r a t e s on b o o k s , l i m i t a t i o n
of automobile o u t p u t , l e g i s l a t i o n t o give the President
power t o s e i s e p r o p e r t y .
16.
L e t t e r s t o Glass r e g a r d i n g 19 d i f f e r e n t s u b j e c t s , many
not c l a s s i f i e d or c l a s s i f i a b l e , and very few r e l e v a n t
t o t h e F e d e r a l Reserve System.
17.
About 40 l e t t e r s r e g a r d i n g v i c e and l i q u o r c o n d i t i o n s a t
Army camps and a n t i - s t r i k e l e g i s l a t i o n ; d e v a l u a t i o n o f
t h e d o l l a r s f o r e i g n indebtedness and t h e n a t i o n a l emergency1
r e p e a l o f the N e u t r a l i t y A c t ; opposition t o i n c r e a s e of
t a x e s on c i g a r e t t e s and tobacco; request f o r i n c r e a s e of
s a l a r i e s o f f o u r t h c l a s s postmasters; r e q u e s t s f o r
legislation.
dollar.
Box
j|l8
6*7
(Page 2)
I n c r e a s e s o f f e d e r a l pensions, p r i c e c o n t r o l and
a d v e r t i s i n g r a t e s o r a t a x on a d v e r t i s i n g , i n c r e a s e
r a t e s o f pay f o r longshoremen, J o i n t t a x r e t u r n s ,
consumer goods t a x and t a x on s o f t d r i n k s .
Id.
L e t t e r fro® Benson r e g a r d i n g farm p r i c e supports
19.
L e t t e r i n o p p o s i t i o n t o F e d e r a l c o n t r o l of t h e o i l
i n d u s t r y ; sugar quotas; convoys; r a d i o b r o a d c a s t i n g ;
Repeal o f N e u t r a l i t y A c t , t h e power of t h e P r e s i d e n t t o
devalue the d o l l a r ; p o s t a l r a t e s on books; proposed
p r i c e c a l l i n g on hardware; l e g i s l a t i o n f o r Panama Canal;
d a y l i g h t saving t i m e .
20.
L e t t e r s t o Glass r e g a r d i n g some aspect o f
including r e t a i l i n s t a l l a t i o n sales.
21.
H.R.965
22.
L e t t e r o f o p p o s i t i o n t o sending troops abroad.
23.
A l e t t e r opposed t o d r a f t i n g persons o l d e r than 2 8 .
24.
L e t t e r d i s c u s s i n g t h e m a n u f a c t u r e r ' s t a x on j e w e l l r y .
25.
L e t t e r s opposed t o t h e t a x a t i o n of e l e c t r i c a l equipment.
26.
L e t t e r s i n o p p o s i t i o n t o the e x t e n s i o n o f t h e d r a f t
27.
L e t t e r s u r g i n g t h a t we s t a y out of t h e war.
28.
L e t t e r opposing t a x on admissions t o A g r i c u l t u r a l F a i r s .
29-
Opposition t o a t a x on w i r e and equipment s e r v i c e .
30.
L e t t e r a g a i n s t t a x on bank checks.
31.
L e t t e r r e g a r d i n g houses f o r D i s t r i c t of Columbia workers
32.
L e t t e r r e g a r d i n g t a x on f u r s , tobacco and gas
33.
L e t t e r s complaining o f a d i s c r i m i n a t o r y t a x on lumber
manufacturers.
34.
L e t t e r r e g a r d i n g the t a x a t i o n of outdoor
35.
S . R . 1 2 4 A b i l l proposing t h a t we f e e d t h e s m a l l c h i l d r e n
of Europe.
36.
A l e t t e r proposing t h e exemption o f gold mines f r o m excess
profits.
taxation,
Burch s a l a r y and Longevity B i l l
bill.
advertising.
go* .399.
<Fag* 3 )
37.
L e t t e r r e g a r d i n g t h e e x e m p t i o n o f c h a r i t y o r g a n i c a 11ons
from a ^ c
38.
L e t t e r s r e g a r d i n g t h e t a x on a d m i s s i o n s ;
St.Laurence
S h i p C a n a l ; t a x on u n m a r r i e d meni t a x on t e l e p h o n e s !
o p p o s i t i o n t o loans t o Russia*
39.
Automobile p r o d u c t i o n l i m i t a t i o n s ; d a y l i g h t saving times
the l i c e n s i n g of chiropractors% l e t t e r s regarding sales
tax*
L e t t e r s r e g a r d i n g t h e P r o p e r t y S e i z u r e A c t ; Old
A g j P e n s i o n s ; excess p r o f i t s t a x and o t h e r s .
40*
A l e t t e r r e g a r d i n g t h e r e g u l a t i o n o f t h e s i & e and w e i g h t
of t r u c k s 1 the removal of patent o f f i c e .
41*
Letters regarding state erected trade
42.
L e t t e r from E*
installment
barriers•
J e f f r i e s , 13 May 1941, r e g a r d i n g
credit *
43.
S e v e r a l l e t t e r s i n f a v o r o f 48 hour week.
44*
L e t t e r s from McKeller r e g a r d i n g t h e f j
i
program.
There a r e no l e t t e r s i n t h i s box r e l a t i n g t o t h e F e d e r a l
Reserve A c t o r t h e F e d e r a l Reserve System*
fe*?
Box 400
Correspondence on l e g i s l a t i o n
A,
(1941)
M i s c e l l a n e o u s correspondence on a v a r i e t y
of
t o p i c s , such as t h e S t . Lawrence Seaway,
Senate B i l l 860 r e l a t i n g t o p r o h i b i t i o n o f
i n t o x i c a t i n g beverages near m i l i t a r y camps,
o p p o s i t i o n t o t h e Jones Amendment t o H. R*
4 2 7 6 , d a y l i g h t saving t i m e , t a x e s ,
postmasters
p a y , hours f o r opening o f barber shops, e t c .
f l i e r ® i s no correspondence r e l a t i n g t o t h e
F e d e r a l Reserve System.
Box 4 0 1
Correspondence on l e g i s l a t i o n
A*
(1941)
L e t t e r s j t e l e g r a m s , p e t i t i o n s , e t c . concerning c u r r e n t
legislative matters.
1*
Lo;te:r s r e g a r d i n g numerous miscellaneous t a x
levies.
2.
L i t t e r s opposing t h e e n t r y o f t h e U. S . I n t o w a r ,
e s p e c i a l l y as an a l l y o f t h e Russians.
jfuw'jrous l e t t e r s concerning t h e method o f payment
arv- l o n g e v i t y pay f o r f o u r t h - c l a s s postmasters,
4.
l i t t e r of J u l y 30.* 1941, f r o m t h e v i c e p r e s i d e n t
•it t h e Youngstown Sheet and Tub® Company, c o m p l a i n i n g
of t h e burdens imposed on t h e s t e e l i n d u s t r y by
a new method o f computing excess p r o f i t s t a x e s
and a d d i t i o n a l t a x e s on i n v e s t e d c a p i t a l .
L e t t e r of J u l y 2 9 , 1941, from a s m a l l s t e e l
f a b r i c a t o r a t t e m p t i n g t o show t h e adverse e f f e c t
on working c a p i t a l of t h e proposed t a x on i n v e s t e d
capital.
6.
Communication from t h e I n t e r s t a t e Commerce Committee
of t h e Senate e n c l o s i n g a b i l l t o e q u a l i s e f r e i g h t
r a t e s betwuer d i f f e r e n t geographical areas f o r
defense matexife-Js.
7«
Requests t h a t , M r . Qlass vote a g a i n s t an e x t e n s i o n
of t h e d r a f t f o r one je&rdate:
J u l y , 1941.
8.
L e t t e r from a Tennessee v o t e r s e v e r l y reprimanding
M r . G l a s s f o r g i v i n g i n t© t h e Me® D e a l philosoooy
by v o t i n g f o r t h e extension o f the d e v a l u a t i o n po'.er.
9.
10.
L e t t e r from t h e v i c e p r e s i d e n t of t h e Sabine
R o y a l t y Corporation o f Texas, suggesting a f a i r r a t e
o f r e t u r n on investment be i n s u r e d by spreading a
heavy t a x burden over a l o n g e r p e r i o d of t i m e .
Form l e t t e r from W i l l i a m Green, p r e s i d e n t of the
American F e d e r a t i o n of Labor, opposing t h e power
g r a n t e d t h e P r e s i d e n t t o t a k e over c e r t a i n d e f e n s e
p l a n t s i n t h e event o f f a i l u r e t o comply w i t h
regulations.
S i t
Box
j|l8
(Page 2)
11.
Telegrams p r o t e s t i n g in order o f J u l y * 1 9 4 1 ,
t h a t automobile p r o d u c t i o n be r e d u c e d .
12.
S e v e r a l l e t t e r s e x p r e s s i n g t h e hop® t h a t
N e u t r a l i t y A c t would t e r e p e a l e d .
13•
E i g h t - p a g e statement addressed t o t h e OPA
A d m i n i s t r a t o r by t h e p r e s i d e n t of the N a t i o n a l
Cotton C o u n c i l , opposing t h e f i x i n g o f a p r i c e
c e l l i n g cm cottonseed o i l .
An a l t e r n a t i v e p l a n
t o a c e l l i n g i s suggested.
the
P e r s o n a l * . P o l i t i c s ! and L e g i s l a t i v e
1933-46/
Correspond&noe with
Correspondent.
o r about
B* S u r l y
(aft« 60 l e t t a r a ) * D i s t r i c t Judgeship (Roberta*. cta«
75 l e t t e r s a;od some c l i p p i n g s ) .
and s t f i t e m n t s j
at.
flecwvej
l e t t e r s * . lxiclu<3l3?g one U«*t
G l a s s 1 v i & s e on E c c l s s ,
clipping
Hob. George ¥. H e r r i a , 1936*
10 l e t feers c o n c e r n i n g F e d e r a l
Jon* j , eft,
Ie^rcpeper
foxJtQi
Cor re3condence r e l a t i n g t o t h e F i g h t f o r Frsedoai Oosardttse
fis^D"
i.
L e t t e r s , p a m p h l e t s , © t o . s e n t t o Mr, O l a s s i n M s
c a p a c i t y as h o n o r a r y chairman o f t h e F i g h t For Freedom
Coraraitte^c
1=
S i x t e e n page b o o k l e t e n t i t l e d 'What I s t h s
f o r Freedom?"
fight
2.
L e t t e r f r o m M r , Glass on September 15* 1941.* s t a t i n g
t h a t he approves immediate e n t r y o f t h e U n i t e d S t a t e s
i n t o t h e war a g a i n s t H i t l e r .
3«
numerous s t a t e m e n t s and p r o g r e s s r e p o r t s by t h e
organization.
4.
Excerpts from a speech g i v e n on June 3 0 , 1941, by
James B. Conant, r e g a r d i n g the e n t r y of t h e U . S .
i n t o the a c t u a l and i d e o l o g i c a l s t r u g g l e a g a i n s t
Hitler.
5c
Copy of an address g i v e n by t h e A s s i s t a n t S e c r e t a r y
of War on June 1 4 , 1941, concerning t h e m i l i t a r y
c a p a c i t y of t h e U. S .
6.
Statements opposing t h e Hoover p l a n t o break a B r i t i s h
blockade i n order t o g e t food t o F r a n c e , which was
economically but not y e t a c t u a l l y under H a a i c o n t r o l .
7.
L e t t e r a expressing sentiment f a v o r a b l e toward e n t e r i n g
a c t i v e combat a l o n g w i t h t h e B r i t i s h a g a i n s t t h e Jfazis *
8c
Copy o f a speech of May 1 9 , 1941, by F r a n c i s Pickens
M i l l e r , u r g i n g the e n t r y of t h e U n i t e d S t a t e s i n t o
t h e war w i t h Germany.
9o
L e t t e r s i n v a r y i n g v i e w s , some u r g i n g d e c l a r a t i o n of
w a r , seme suggesting a d e c l a r a t i o n o f n a t i o n a l
emergency, others begging t h a t t h e c o u n t r y be k e p t
out of war. Most l e t t e r s f a v o r a c t i v e p a r t i c i p a t i o n
i n the war.
10.
L e t t e r s c r i t i c i s i n g Congress f o r i t s f a i l u r e t o a c t
getting aid for Britain.
11.
Address of May 4 , 1941, by James B. Conant Just a f t e r
h i s r e t u r n from England, urging t h e U. S* t o e n t e r t h e
war immediatelyo
12.
Telegrams r e q u e s t i n g M r . Glass t o accept t h e honorary
chairmanship o f the F i g h t For Freedom Committee.
in
17 T fT —
Box 404
Correspondence on l e g i s l a t i o n
A.
(1941)
1„
S e v e r a l l e t t e r s e x p r e s s i n g opposition t o r e g u l a t i o n
o f f r e i g h t f o r w a r d i n g companies by t h e I n t e r s t a t e
Commerce Commission, s u g g e s t e d by S e n a t o r Truman,
among o t h e r s .
2.
L e t t e r s f a v o r i n g lend l e a s e b i l l t o a i d England i n
defending a g a i n s t t h e N a z i s .
3«
L e t t e r s complaining o f the expected adverse r e s u l t s
o f c e r t a i n amendments t o t h e F a i r Labor Standards
A c t on c a n n e r i e s .
4.
L e t t e r from a New Jersey banker, p r o t e s t i n g t h e
g i v i n g of g r e a t e r power t o t h e Comptroller o f t h e
Currency.
5.
L e t t e r of January 1 8 , 1941, e n c l o s i n g t h r e e r e s o l u t i o n s
passed by t h e Congress o f I n d u s t r i a l O r g a n i z a t i o n
(CIO).
6„
S e v e r a l l e t t e r s f a v o r i n g the S t . Lawrence Seaway p r o j e c t
7.
Ten page pamphlet suggesting r e v a l u a t i o n of t h e - d o l l a r
i n terms s o l e l y of g o l d . The use o f a l l o y s i n t h e
c o i n , w h i l e t r o y measure i s depended upon, i s complained
o f . Suggestions f o r changing e x i s t i n g monetary laws.
8.
I n answer t o the q u e s t i o n , "Should the power o f the
F e d e r a l government be i n c r e a s e d ? " , M r . Glass says,
"the power o f the f e d e r a l government has been a l r e a d y
increased t o o much."
9.
L e t t e r s r e q u e s t i n g l e g i s l a t i o n designed t o p r e v e n t
s t r i k e s i n times o f emergency.
10o
F o r t y - o n e page "Report of the Chief of the F o r e s t
Service (1940).
11.
Small twelve-page pamphlet p r e p a r e d by the "0. S . Chamber
o f Commerce suggesting amendments t o t h e Excess P r o f i t s
Tax A c t .
S74"
Box 404
(Pag® 2 )
12«
F i f t e e n page pamphlet f r o m t h e F e d e r a l Power
Commission, "Scheduled Additions t o G e n e r a t i n g
Capacity and E l e c t r i c Construction E x p e n d i t u r e s . "
13.
T w e n t y - s e v e n page r e p o r t by t h e F e d e r a l Loan Agency
l i s t i n g i t s d e f e n s e commitments.
14.
A l a r g e number of form l e t t e r s asking t h a t Mr. Glass
oppose t h e s a l e of i n t o x i c a t i n g l i q u o r s a t m i l i t a r y
camps.
15•
Report o f May 8 , 1941, r e l a t i n g t o t h e c o n d i t i o n of
t h e merchant m a r i n e .
•5ecr
Box 405
Correspondence on L e g i s l a t i o n (1941).
A,
L e t t e r s on m i s c e l l a n e o u s t o p i c s w h i c h were c o n c e r n i n g
l e g i s l a t o r s at the time.
1.
A b o o k l e t , " T y p i c a l E l e c t r i c B i l l s , " prepared
i n 1941 by t h e F e d e r a l Power Commission.
2.
Numerous l e t t e r s express o p p o s i t i o n t o t h e S t .
Lawrence Seaway p r o p o s a l .
3„
L e t t e r s opposing t h e g r a n t i n g o f a monopoly t o
lawyers appearing b e f o r e governmental agencies I n
l i t i g a t i o n cases.
4.
L e t t e r s opposing t h e lowering of q u a l i f i c a t i o n s
mine I n s p e c t o r .
5*
More l e t t e r s opposing t h e s a l e of a l c o h o l i c
beverages a t m i l i t a r y i n s t a l l a t i o n s .
6.
L e t t e r from t h e Commissioner of A g r i c u l t u r e on
J u l y 2 3 , 1941, r e q u e s t i n g t h a t Congress change
t h e base p e r i o d f o r c a l c u l a t i o n o f p a r i t y p r i c e s
from 1910-14 t o 1 9 2 0 - 2 9 .
7.
L e t t e r s w r i t t e n i n J u l y , 1941, i n o p p o s i t i o n t o a
one year e x t e n s i o n of t h e t i m e i n s e r v i c e o f a
draftee.
8.
S e v e r a l l e t t e r s r e g a r d i n g t h e r e p e a l of f a i r t r a d e
c o n t r a c t s I n I n t e r s t a t e commerce ( M i l l e r - ^ r d i n g s
amendment.)
9.
L e t t e r of A p r i l 15* 1941, from James J . D a v i s , a
member of t h e Senate Committee on Naval A f f a i r s ,
r e q u e s t i n g t h e h o l d i n g of hearings by Mr. Glass 1
committee on the e x t e n t o f monopoly e n j o y e d by the
German Dye T r u s t .
10o
for
Telegrams r e q u e s t i n g Mr. Glass t o work i n b e h a l f
o f southern c o a l operators and i n o p p o s i t i o n t o
requirements backed by n o r t h e r n operators and the
U n i t e d Mine Workers.
$11
hoxJfOb^
Correspondence on l e g i s l a t i o n
A,
(19^2)*
lo
L e t t e r o f September 17* 19^2* f r o m t h e lew Y o r k S t a t e
Economic C o u n c i l , e x p r e s s i n g o p p o s i t i o n t o t h e t a x i n g
o f s t a t e and m u n i c i p a l bonds by t h e f e d e r a l g o v e r n ment! other s i m i l a r l e t t e r s , ,
2*
A b r i e f l e t t e r p r o p o s i n g s e v e r e l i m i t a t i o n s upon t h e
F e d e r a l Reserve B o a r d , and r a d i c a l changes i n t h e
a c t * f r o m Thomas B. f u g h *
3*
The p r e s i d e n t o f t h e Merchants and M a n u f a c t u r e r s
A s s o c i a t i o n sends a l i s t o f r e a s o n s f o r f a v o r i n g a
s a l e s t a x over t h e t a x i n g o f income.'
Telegrams r e c e i v e d on September 22 $ 19^2* u r g e d M r ,
Glass•to vote f o r the i n c l u s i o n of the cost of labor
i n s e t t i n g f a r m p r i c e s and f o r s u p p o r t a t 99$ o f
p a r i t y i n s t e a d o f 85$L
5,
L e t t e r s c o n c e r n i n g problems w i t h r e s p e c t t o
6.
S e v e r a l l e t t e r s f r o m W a l t e r F* G e o r g e C h a i r m a n o f
Senate Committee on F i n a n c e ^ a c k n o w l e d g i n g r e c e i p t
the l e t t e r s of several V i r g i n i a n s * concerning t a x
l e g i s l a t i o n * f r o m Mr* G l a s s *
the
of
7*
S e v e r a l l e t t e r s r e l a t e t o t h e e f f e c t o f t h e excess
tax*
profits
8v>
L e t t e r f r o m Tom C o n n e l l y * chairman o f t h e Senate Committee
on F o r e i g n R e l a t i o n s 9 n o t i n g e n c l o s u r e o f an amended
copy o f a b i l l under c o n s i d e r a t i o n *
9*
L e t t e r f r o m a s m a l l businessman c o m p l a i n i n g o f t h e undue
e x e r c i s e o f power by t h e n a t i o n a l Mar l a b o r Board*
Enclosed i s a statement from the p r e s i d e n t o f I n l a n d
S t e e l showing t h e u n j u s t a c t i o n o f t h e Board w i t h r e s p e c t
t o t h e c l o s e d shop r e q u i r e m e n t *
10*
E x c e l l e n t seven-page r e p o r t * c o n c e r n i n g t h e 19^2 t a x b i l l
t h e n under c o n s i d e r a t i o n ^ p r e p a r e d by a c o m m i t t e e f o r
t h e C l e v e l a n d Chamber o f Commerce•
11.
S i x l e t t e r s , r e f e r r e d t o Leon Henderson* CPA A d m i n i s t r a t o r *
and r e t u r n e d t o M r . & l a a 3 * c o n c e r n i n g s m a l l gas r a t i o n i n g
f o r salesmen.
renegotiation,
Stars'"??
Correspondence on l e g i s l a t i o n
(1942),
L e t t e r s and telegrams on many s u b j e c t s such as
r a t i o n i n g * p r i c e and wage c o n t r o l s , e t c *
lc
L e t t e r from a V i r g i n i a c o n t r a c t o r ^ addressed t o
t h e OFA s t a t i n g why i t i s p r a c t i c a l l y i m p o s s i b l e
t o s e t an .upper l i m i t on t h e p r i c e o f a Job*
2»
Pamphlet f a v o r i n g a pay-as-you-go p l a n f o r income
t a x e s d u r i n g t h e war* O p p o s i t i o n i s expressed
t o p a y i n g taxes on t h e income o f t h e p r e v i o u s
year*
3*
R e s o l u t i o n s u g g e s t i n g t h a t income from m u n i c i p a l
s e c u r i t i e s remain t a x - f r e e *
4.
Telegram o f December 8 , 1942, from t h e p r e s i d e n t
o f t h e n a t i o n a l A s s o c i a t i o n o f B u i l d i n g Owners
and M a n u f a c t u r e r s * a s k i n g d e l a y i n a c t i o n on a
r e n t c o n t r o l b i l l which i s o b j e c t i o n a b l e as i t
stands*
5»
L e t t e r o f J u l y 14, 1942 5 f r o ® Leon Henderson* OPA
A d m i n i s t r a t o r , d i s p e l l i n g rumors r e g a r d i n g a n t i c i p a t e d a c t i o n w i t h r e s p e c t t o tobacco growers *
6*
L e t t e r from Donald M« l e l s o n ^ chairman o f t h e
War P r o d u c t i o n B o a r d , w i t h o b j e c t i o n s t o proposed
use o f i n c r e a s e d a p p r o p r i a t i o n s f o r defense purposes,
T7?
Box 408
10
L e t t e r s r e g a r d i n g change i n t h e d r a f t
age,
2.
tetters
urging regulation of the sale of
l i q u o r t o s e r v i c e men,
3®
Wage r a i s e f o r p o s t a l s e r v i c e sien,
4.
Support f o r the a n t i - p o l l t a x
5.
S i l v e r b i l l t o S e n a t o r Green.
6.
A n t i - I n f l a t i o n b i l l has many s u p p o r t i n g
7.
L e t t e r s u r g i n g support of farm p r i c e s .
8.
L e t t e r s u r g i n g f o r m a t i o n o f Pharmacy Corps
t h e Army.
9*
Letters of protest against
bill*
letters.
in
Petrilio.
10.
Letters
v s . t h e proposed t a x on s e c u r i t i e s .
11.
T a x a t i o n o f m u t u a l I n s u r a n c e companies *
f o r and a g a i n s t .
letters
T h i s box c o n t a i n s l e t t e r s f r o m p e r s o n s who a r e
i n t e r e s t e d i n d e f e a t i n g or passing
r e f e r r e d t o above.
There i s n o t one i t e m r e l a t i n g
d i r e c t l y to, t h e F e d e r a l R e s e r v e .
legislation
Box 409
This
box c o n t a i n s l e t t e r s on p e n d i n g or
proposed l e g i s l a t i o n ^
i n many s t a t e s
b o t h p r o and con from
people
includingi
( a ) l e t t e r ® f r o m p o s t a l members
(b) labor union
officials
( o ) l e t t e r s r e g a r d i n g t h e sal® o f l i q u o r
near
Ari®y p o s t s t o servicemen»
( d ) l e t t e r s r e g a r d i n g a 48 hour weeko
There i s o n l y one l e t t e r r e f e r r i n g t o t h e
F e d e r a l Reserve System®
I t relates t o the
regulation of installment credit*
e l s e on t h e F e d e r a l Reserve *
Very
little
ss\
Box 410
Cor r e s pondenee on l e g i s l a t i o n {1942}.
A*
l e t t e r s on- a wide v a r i e t y o f s u b j e c t s a i l o f w h i c h
were under c o n s i d e r a t i o n a t t h e t i m e . Most b f t h a
l e t t e r s a r e o f r e l a t i v e l y l i t t l e importance*
1*
l e t t e r o f June 13* 1942* f r o m Robert Wagner t o
Mr* O l a s s , e n c l o s i n g a b r i e f r e p o r t by J>* W*
B e l l * A c t i n g S e c r e t a r y o f t h e Treasury*
Tkie
l e t t e r s t a t i n g t r e a s u r y Department a p p r o v a l o f
t h r e e proposed amendments t o t h e F e d e r a l Reserve'
A c t * The p r o p o s a l s i n c l u d e s ( a ) changing o f t h e
method o f e l e c t i o n f o r members o f t h e Open
Market Committeej ( b ) a change i n r e s e r v e r e q u i r e ments f o r member banks i n c e n t r a l r e s e r v e c i t i e s |
and ( c ) l e s s e n i n g t h e s e v e r i t y o f p r o v i s i o n s
r e l a t i n g t o t r e a t m e n t o f banks h a v i n g d e f i c i e n c i e s
i n reserves *
2*
Memorandum o f June 11* 1942* f r o m Senator W a l t e r
George* c o n c e r n i n g r e f e r e n c e t o him o f l e t t e r s
about a proposed s a l e s t a x by Mr* Glass*
3*
L e t t e r o f A p r i l 229 1942* from R o b e r t Wagner*
e n c l o s i n g a r e p o r t from t h e T r e a s u r y Department
e n c o u r a g i n g t h e purchase o f defense bonds t o
control inflation®
4»
B o o k l e t s e n t t o Mr* Glass p r o p o s i n g t h a t a t a x
on v a l u e added d u r i n g w a r t i m e would be t h e b e s t
way t o f i n a n c e t h e war*
5*
L e t t e r o f A p r i l 1 , 1942* f r o m Claude R* Wickard*
S e c r e t a r y o f A g r i c u l t u r e * c o n c e r n i n g reduced
a p p r o p r i a t i o n s f o r tobacco i n s e c t i n v e s t i g a t i o n s *
Box 411
Correspondence
A.
on l e g i s l a t i o n
(1941-48),
l e t t e r s r e q u e s t i n g t h e s u p p o r t o f Mr* Glass
f o r c e r t a i n pending l e g i s l a t i o n or h i e o p p o s i t i o n
t o c e r t a i n Measures« Most o f t h e i t ems. a r e
u n i m p o r t a n t * b u t t h e y cover- a w i d e r a n g e o f
s u b j e c t s w h i c h ware un&Bt d i s c u s s i o n d u r i n g
t h i s period*
1,
On June 28 ^ 1 9 4 D o n a l d Wheeler,, a s s i s t a n t
c l e r k o f t h e Senate B a n k i n g and C u r r e n c y
Committee s e n d i n g a copy o f a b i l l w t o
a u t h o r i s e n a t i o n a l banks t o p l e d g e a s s e t s
t o secure d e p o s i t s of funds i n o f f i c i a l
custody o f p u b l i c o f f i c e r s of a state*11
^arS* 3
Box 412
Correspondence 011 B a n k i n g and C u r r e n c y p
1940-1946.,
A. I n c l u d e d a r e l e t t e r s c o n c e r n i n g t h e b i l l t o e s t a b l i s h
an I n t e r - A m e r i c a n Banks correspondence f o r t h e most
p a r t expressing o p p o s i t i o n t o t h e c o n t i n u a t i o n a f t e r
3.941 o f t h e power o f t h e P r e s i d e n t t o d e v a l u e t h a
d o l l a r , l e t t e r s from Robert Wagner, c h a i r m a n o f t h e
Senate B a n k i n g and Currency Committee,, concerning
b i l l s b e f o r e t h e committee, numerous l e t t e r s accompanied
by copies o f b i l l s being considered by t h e Committee,
l e t t e r s t o and f r o m R o b e r t Wagner, and m i s c e l l a n e o u s
l e t t e r s on banking and c u r r e n c y , i n c l u d i n g one l e t t e r
from Henry Morganthan, J r . , S e c r e t a r y o f t h e Treasury^
X. I n t e r - A m e r i c a n Bank b i l l
1.
Correspondence w i t h M a r r i n e r Eccles concerning
amendments t o t h e b i l l c r e a t i n g t h e I n t e r American Bank*
2.
Copy o f amendment t o t h e b i l l suggested by s e v e r a l
S e n a t o r s , i n c l u d i n g C a r t e r Glass and Alben B e r k l e y *
whose s i g n a t u r e s a r e a f f i x e d .
3-
Copy of the hearings b e f o r e t h e Senate subcommittee
o f t h e Committee on F o r e i g n R e l a t i o n s , May 5 , 6 ,
19^1.
4.
Copy o f a message from the P r e s i d e n t t o t h e Senate
concerning t h e I n t e r - A m e r i c a n Bank*
5.
Four-page l e t t e r w r i t t e n by George L„ H a r r i s o n ,
p r e s i d e n t o f t h e Board of Governors, using l e t t e r h e a d
paper of t h e F e d e r a l Reserve Bank of New Y o r k ,
expressing h i s thought t h a t the board opposed the
I n t e r - A m e r i c a n Bank b i l l .
6„ _ An e i g h t - p a g e paper prepared by W« Randolph Burgess
a t t h e r e q u e s t o f C a r t e r Glass on t h e a d v i s a b i l i t y o f
e s t a b l i s h i n g an I n t e r - A m e r i c a n Bank.
7»
A s i m i l a r o p i n i o n prepared upon r e q u e s t by George
L. Harrison.
' '^OB*
Box
j|l8
(Page 2)
8*
l a t t e r o f A p r i l 2 4 , 1942* f r o w Sumner W e l l s *
Under S e c r e t a r y o f S t a t e , rendering'opinions
on
proposed amendments t o t h e I n t e r - A m e r i c a n Bank
bill.
9*
H i s t o r y o f t h e I n t e r - A m e r l e a n Bank C o r p o r a t i o n
f r o m a - l e g i s l a t i v e s t a n d p o i n t p r e p a r e d by SumnerM a i l s f o r P r e s i d e n t R o o s e v e l t on Mar all 25* 1942.
10.
L e t t e r o f May 22* 1941* f r o m Leo T . Crowley.,
Chairman o f t h e F e d e r a l D e p o s i t I n s u r a n c e C o r p o r a t i o n
a n a l y z i n g t h e r e s u l t s o f t h e I n t e r - t e a r l e a n Bank
Convention*
II.
C o n t i n u a t i o n o f p r e s i d e n t i a l power t o d e v a l u e t h e
d o l l a r a f t e r 1941*
III.
1.
L e t t e r f r o m F r a n k l i n B« R o o s e v e l t t o Henry JL W a l l a c e
p r e s i d e n t o f t h e U# S. Senate* a s k i n g t h a t h i s
power t o d e v a l u e t h e c u r r e n c y r e m a i n i n e f f e c t ,
2*
numerous l e t t e r s e x p r e s s i n g f a v o r f o r t h e
o f t h e potter t o d e v a l u e t h e d o l l a r ,
3*
One o f t h e many l e t t e r s o p p o s i n g t h e c o n t i n u a t i o n
o f t h e P r e s i d e n t s power t o d e v a l u e t h e c u r r e n c y
was w r i t t e n on May 26^ 1941, f r o m Q. D. Mathews
t o S e n a t o r H&rry S* Truman*
lapse
F o u r t e e n l e t t e r s t o Mr
^obe^t F w a g r ^
c h a i r m a n o f t h e Sera fee Coins' tee on T%h i
"
C u r r e n c y * moat o f * h l c ' t a r *
a r ; ets^'o j
The e n c l o s u r e s i n c l u d e r e p o r c s i r o m a)* i f . rfelx
A c t i n g S e c r e t a r y o f t h e T r e a s u r y * Lb® T« r Crowley
c h a i r m a n o f the, F e d e r a l D e p o s i t i n s u r a n c e Com * " »
and a r e p o r t w r i t t e n by £ .
Goldenwelser su&mitted
by M a r r i n e r E c c l e s •
The r e p o r t s d e a l w i t h such
t h i n g s as t h e e s t a b l i s h m e n t o f b r a n c h e s by government
c h a r t e r e d f i n a n c i a l I n s t i t u t i o n s * t h e Imurmm
of
bank d e p o s i t s * s t a b i l i z i n g t h e v a l u e o f t h e d o l l a r * ,
F e d e r a l c r e d i t u n i o n s * and r e t i r e m e n t o f F e d e r a l
Reserve bank ' n o t e s .
BoxJl12
(Fage 3 )
17; Cor r *spondence engaged i n b y C a r t e r Cflmm and R o b e r t
Wagner* 1938-1946.
1*
2.
S e v e r a l l e t t e r s r e l a t i n g t o P a l e s t i n e and the ilm^a*.
R e f e r e n c e s t o t h e work o f t h e O f f i e a o f
Administration»
Price
Pamphlet on B r e t t o n Woods *
4„
L e t t e r from Mr* ttlass expressing o p p o s i t i o n t o t h e
Maybank b i l l o f 1944* p e r m i t t i n g t h e payment o f
i n t e r e s t on demand d e p o s i t s t h r o u g h the a b s o r p t i o n
o f exchange and c o l l e c t i o n charges« G l a s s d e s i r e s
par clearance*
P e r s o n n e l l e t t e r i n h a n d w r i t i n g f r o m R o b e r t Wagner
t o Carter Glass,
6«
E i g h t - p e g e pamphlet p r e p a r e d f o r R o b e r t Wagvrr by
Chester K o r r i l l * s e c r e t a r y of t h e Board o f £c<wncrs.
a t a t i n g t h e r e a s o n s f o r o p p o s i n g t h e paymtf-fc o<!
i n t e r e s t on demand d e p o s i t s *
A copy o f t h e h e a r i n g s and a copy o f t h e b i l l on
t h a a b s o r p t i o n o f exchange*
8*
Copy o f t h e committee r e p o r t on t h e proposed f r o s t
I n d e n t u r e A c t * S£ay* 1938* a l o n g w i t h a l e t t e r f r o m
George H.
s $ p r e s i d e n t o f the Chamber o f
Cossmerse o f t h e U n i t e d S t a t e s * e x p r e s s i n g o p p o s i t i o n
t o t h i s type of corporate financing*
of May 7 , 1938* from
M r . G l a s s t o E l l b u Root
10*
L e t t e r f r o m Leo >Z\ Crowley, c h a i r m a n o f t h e F e d e r a l
I%pcsit, Insurance Corporation, f a v o r i n g the l i q u i d a t i o n
o f l e a n s by member banks t o t h e i r o f f i c e r s *
II*
4 r e p o r t from KoawelX J g & g l l l , A c t i n g S e c r e t a r y o f
t h e & « a » u r a r , i n Mar eh* 193$* recommending t h a t ta:cea
n e t be rat&uired o f t r u s t companies i n f u l l o r
partlcl liquidation*
R e p o r t c f March 30, j 9 « 3 * f r o m Wayne C. T a y l o r ,
Acting Secretary of & * Treasuryf suggesting that
the lending
powers of
Reconstruction Finance
C o r p o r a t i o n be lnei'C&&<?d*
Miscellaneous correipondenoe {9 i t e m s ) .
lo
L e t t e r o f May 1£, 1941 t o Robert Wagner fro®
Henry Morgentban, J r . , S e c r e t a r y o f the Treasury*
on i n c r e a s i n g tfe> l e n d i n g power o f t h e RFC*
2.
Telegram from B. 'So Anderson r e q u e s t i n g a one
month postpones® 1; of hearings on a b i l l conc e r n i n g investmei; t r u s t s *
Miscellaneous corresiondence:
1.
L e t t e r , 2 June I ' M 2 , from D. W. B e l l sent t o
Olass by Senator Vagner, r e g a r d i n g amendments t o
P.S.513o authorising n a t i o n a l banks t o reimburse
o f f i c e r s f o r any expense i n c u r r e d i n t h e discharge
of d u t i e s or i n A*«suits.
2.
Copy of a b i . V amendi.^ t h e f e d e r a l Reserve A c t ,
r e g a r d i n g tl>- e l e c t i o n «%f r e p r e s e n t a t i v e s of
Reserve bar.*cs on t h e ope* market committee. Also
amendment* t o the F e d e r a l I ^ ^ ^ v e A c t , g i v i n g the
Board p^wer t o a l t e r Reserve r e q u i r e m e n t s .
3.
3.
L e t t e r from Senator Wagner, U
1941, w i t h
I c e t e r from Crowley t o Wagner, rega* ; n £ r
e f f e c t of 3 . 2 3 9 3 *
f*
L e t t e r from S e c r e t a r y B e l l t o Wagner regard!*
S.2393.
5.
Copy of a b i l l r e q u i r i n g an i n s u r e d bank t o p u b l i s h
i n i t s statement o f resources and l i a b i l i t i e s
certain facts.
6,
L e t t e r , 6 December 1 9 * 1 , from Crowley t o Wagner
r e g a r d i n g i n d e m n i f i c a t i o n o f d i r e c t o r s f o r expenses
I n c u r r e d i n defending a c t i o n s on b e h a l f o f t h e i r
bank.
To
S . 3 0 2 9 on t h e same s u b j e c t .
8.
S . 3 1 2 6 , a b i l l a u t h o r i z i n g t h e issuance of defense
stamps, sent t o Olass by t h e c l e r k of t h e Committee
on Banking and Currency.
s t i
Box
j|l8
(Page 2)
9,
S,19<>5, a b i l l r e q u i r i n g Reserve Banks t o pay
i n t e r e s t on r e s e r v e b a l a n c e s o f member banks *
J u l y 15 l e t t e r o f Crowley t o Wagner s e n t t o Glass
o f t h e Senate Committee, w i t h t h e o p i n i o n o f
Crowley r e g a r d i n g extension o f bank f a c i l i t i e s on
m i l i t a r y reservations,,
10.
A b i l l , 19 May 1941, t e r m i n a t i n g a l l power- o f t h e
P r e s i d e n t t o f u r t h e r d e v a l u e t h e d o l l a r by June
3 0 , 1943.
11„
L e t t e r from Crowley t o Wagner r e g a r d i n g t h e need
of a s t a b i l i z a t i o n fund.
12.
H . R . 4 6 4 6 , an Act t o l i m i t t h e t i m e i n which powers
r e l a t i v e t o t h e s t a b i l i z a t i o n fund may be exercised»
13.
S . 1 4 7 1 , 7 May 1941, a memorandum r e g a r d i n g t h e
power t o pledge government s e c u r i t i e s f o r c o l l a t e r a l
f o r F e d e r a l Reserve notes issued t o Reserve Banks,
14.
L e t t e r from Chester M o r r i l l r e g a r d i n g item 13 above,
15.
Copy o f S . 1 4 7 1 p r o v i d i n g e x t e n s i o n and t h e r i g h t
pledge government s e c u r i t i e s .
16.
L e t t e r from M o r r i l l t o Wagner r e g a r d i n g t h e passage
of S.1471.
17 o
L e t t e r front Labor Department r e g a r d i n g S „ 1098 o f
b i l l f o r r e s t o r i n g and m a i n t a i n i n g t h e purchasing
power o f t h e d o l l a r , 26 March 1941.
18•
L e t t e r o f J . Mlchelson t o Glass u r g i n g passage o f
b i l l t o outlaw branch banking companies, 12 March 1943
19•
L e t t e r o f W. R. W h i t e , Superintendent of Mew York
Banks, 17 March 1941.
1941 review o f s t a t e banking.
20 •
L e t t e r , 2 June 1942, from S e c r e t a r y o f t h e Treasury
B e l l t o Senator Glass r e g a r d i n g b i l l t o a u t h o r i z e
N a t i o n a l Banks t o reimburse d i r e c t o r s f o r expenses
i n c u r r e d by them i n s u i t s and a c t i o n s i n v o l v i n g t h e i r
p o s i t i o n s and f u n c t i o n s .
21,
L e t t e r from W i l l i a m R. White t o Glass g i v i n g views
o f t h e New York S t a t e Banking Board on Senate #310
and s p e c i f i c proposed amendments t o t h e F e d e r a l
Reserve A c t , 17 March 1941.
to
Box
j|l8
(Page 2)
22*
L e t t e r of 1 E» C* Romph r e g a r d i n g Senate B i l l #310
and a s k i n g t h a t I t be amended s o I L a r i t would be
a p p l i c a b l e t o banks d o i n g b u s i n e s s i r , a s t a t e w h i c h
does n o t p e n u l t b r a n c h b a n k i n g *
23*
B i l l amending F e d e r a l Reserve A c t * s e c t i o n 12B*
r e g a r d i n g Maimer by FDXG under c e r t a i n c i r c u m s t a n c e s
stated therein*
Comments by S e c r e t a r y B e l l * 26
March 1941.
24*
Leo C r o w l e y t o Wagner* 14 Mar oil 1941* r € g a * d i A g
S*952 and e s p e c i a l l y t o s e c t i o n 4 t h e r e i n that
e v e r y i n s u r e d bank must comply w i t h t h e r e s e r v e
r e q u i r e m e n t s o f t h e F e d e r a l Reserve System. Crowley
o b j e c t s t o t h e e n f o r c e m e n t o f t h i s p r o v i s i o n as i t
r e l a t e s t o s t a t e banks*
25*
S•1098 r e f e r r e d t o G l a s s w h i c h w o u l d r e q u i r e t h e
Board o f Governors o f t h e F e d e r a l Reserve Banks and
t h e t r e a s u r y t o r e s t o r e and m a i n t a i n t h e average
p u r c h a s i n g power o f t h e d o l l a r as d e t e r m i n e d b y
t h e Department o f L a b o r * 14 March 1941*
26«
L e t t e r o f 24 J a n u a r y 1941* t o Wagner f r o m B a t h e a
r e g a r d i n g 5390* a b i l l r e l a t i v e t o f o r e i g n account's
i n Reserve Banks a n d - i n i n s u r e d banks *
2?»
"Who Owns t h e F e d e r a l Reserve Banks 51 * a l e t t e r t o
G l a s s * 9 F e b r u a r y 1941* Answer o f G l a s s n o t a t t a c h e d ,
28•
L e t t e r t o John-Wyeth and o t h e r s r e g a r d i n g t h e
r e s o l u t i o n e n a b l i n g American n a t i o n a l s t o pay f u n d s
due a b r o a d i n t o a r e v o l v i n g -fund* t h a t such n a t i o n a l s
a r e n o t a l l o w e d t o pay f u n d s due t o i n d i v i d u a l s i n
t h i s country*
29*
Memorandum o f Dorsey Cole and Garner r e g a r d i n g SJ3
i n I t s a p p l i c a t i o n t o Norway* 14 F e b r u a r y 1941•
Box 413
Correspondence -
2943-1945.
L i s t of major itemss
1.
Approximately 50-75 l e t t e r s p r a i s i n g a s t a t e m e n t
made by G l a s s i n 1943 i n which he appealed t o t h e
people t o adjourn p o l i t i c s and proceed w - t h w i n n i n g
the war.
2.
L e t t e r s addressed t o Q l a s s ( c a . 35) r e q u e s t i n g him
t o vote e i t h e r f o r or a g a i n s t (predominantly f o r )
r a t i f i c a t i o n of t h e U . K . C h a r t e r . ( 1 9 4 5 ) .
3.
Probably upwards of 250 l e t t e r s r e q u e s t i n g Q l a s s '
support o f a b i l l which proposes t o i n c r e a s e s a l a r i e s
o f p o s t a l employees and acknowledgements by Q l a s s '
secretary (1945).
4.
Correspondence ( c a . 10) f r o m t h e e d i t o r of a P r i n c e t o n
U n i v e r s i t y - s p o n s o r e d s o c i e t y t o p u b l i s h t h e works o f
Thomas J e f f e r s o n . Also annual r e p o r t o f t h e e d i t o r
and s e v e r a l r e p r i n t s o f papers (19455-
5.
Correspondence dated 1944 u r g i n g Qlass t o v o t e e i t h e r
f o r or a g a i n s t l e g i s l a t i o n making i t p o s s i b l e f o r a l l
members o f t h e armed f o r c e s t o e x e r c i s e v o t i n g p r i v i l e g e s
by some s o r t o f uniform ballot®
Many l e t t e r s o f s
s l i g h t l y l a t e r d a t e commending h i s v o t e , ( c a . 1 5 0 ) ,
6.
S e v e r a l l e t t e r s and newspaper c l i p p i n g s r e f e r r i n g t o
t h e 8 6 t h b i r t h d a y of Qlass ( 1 9 4 4 ) .
&0
Box
Birthday Greetings
1944-46.
A„
B i r t h d a y g r e e t i n g s , 1944, f r o ® numerous p e r s o n s *
including Senators, the Comptroller o f the
C u r r e n c y , J . Edgar J o o v e r , members o f t h e
C a b i n e t , and f r i e n d s l i k e John S t e w a r t Bryan and
F r a n c i s P« Qaines«
B*
B i r t h d a y G r e e t i n g s , 1945, f r o m numerous f r i e n d s s
i n c l u d i n g Congressmen, Henry Morganthan* James
F . Byrnes, W i l l i a m Tuck, and Bernard Baruch,
among others*
C.
B i r t h d a y g r e e t i n g s , 1946, from many f r i e n d s ,
i n c l u d i n g Senators Byrd and Wagner and Colgate
Darden, Governor of V i r g i n i a «
S?/
Box 415
Correspondence c o n c e r n i n g OPA l e g i s l a t i o n
1944-46.
A.
L e t t e r s concerning e a s i n g o f r e n t c o n t r o l s , s u g g e s t i n g
t h e l i g h t e n i n g of c e r t a i n r e s t r i c t i o n s imposed by t b e
OPA,,and M r , Glass* c o r r e s p o n d e n c e on m a t t e r s d i r e c t l y
r e l a t i n g t o t h e OPA.
I.
Rent C o n t r o l
II.
1.
L e t t e r s advocating support o f a 155* i n c r e a s e
I n r e n t s , as s u g g e s t e d by a House amendment,
o r c o m p l e t e a b o l i t i o n of c o n t r o l s .
2.
Proposal by t h e Commerce and I n d u s t r y A s s o c i a t i o n
o f New York t h a t r e n t c o n t r o l s be d i s c o n t i n u e d
when s t a t e laws a f f o r d adequate p r o t e c t i o n *
L e t t e r s , t e l e g r a m s , e t c . c r i t i c i z i n g OPA p o l i c i e s and
s u g g e s t i n g enactment o f l e g i s l a t i o n more s y m p a t h e t i c
t o t h e needs o f business.
1.
L e t t e r s o b j e c t i n g t o t h e r e q u e s t by C h e s t e r
Bowles t h a t p e o p l e s t r o n g l y oppose an congressmen
who v o t e d t o r e s t r i c t OPA o p e r a t i o n s ; a b o l i t i o n
o f OPA i s s a i d t o be p r e f e r a b l e ! t h e agency s h o u l d
a t l e a s t be overhauled.
2.
L e t t e r s s t a t i n g t h a t OPA p o l i c i e s a r e such as t o
f o r c e l i q u i d a t i o n or a t b e s t encourage black markets«
3.
L e t t e r s f a v o r i n g House amendments l a 1936 t o t h e
Price Control B i l l .
4.
Opposition e x p r e s s e d t o t h e Cost a b s o r p t i o n p o l i c y
o f t h e OPA. I t i s d e s i r e d t h a t p r i c e s be s e t on
t h e basis of costs plus the h i s t o r i c a l mark-up.
5.
numerous l e t t e r s s u g g e s t i n g t h a t OPA be d i s c o n t i n u e d
completely i n f a v o r of a f r e e economy, d e s p i t e
c r i e s o f i n f l a t i o n , e t c . by t h e defenders of OPA,
Many personal e x p e r i e n c e s a r e c i t e d t o i l l u s t r a t e
t h e i n a p p l i c a b i l i t y o f OPA p o l i c i e s .
(There are
numerous l e t t e r s f r o m lumber concerns.J
Box 415
6,
|Page S)
L e t t e r s s u g g e s t i n g t h a t t h e OPA g i v e up t r y i n g
t o r e g u l a t e p r i c e s o f meat and c a t t l e .
Correspondence c o n t a i n i n g a w i d e v a r i e t y o f
r e g a r d i n g CPA p o l i c i e s .
questions
I*
L e t t e r s f r o m C h e s t e r B o w l e s , P a u l P o r t e r and
P r e n t i s s Brown, c o n c e r n i n g a c t i o n s taken by t h e
OPA on a w i d e v a r i e t y o f m a t t e r s .
2.
Pourteen-page pamphlet p r e p a r e d by t h e OPA s t a t i n g
o b j e c t i o n s t o amendments t o t h e P r i c e C o n t r o l
A c t 5 proposed i n 1942,
3«
Rpeort o f June 2 7 , 1944, by C h e s t e r B o w l e s , s t a t i n g
t h a t t h e OPA would n o t be adversely a f f e c t e d by
t h e proposed S t a b i l i s a t i o n E x t e n s i o n B i l l .
4.
L e t t e r o f September 1 4 , 1943, f r o m Chester Bowles
t o Mr. Olass$ s t a t i n g t h a t r a t i o n i n g ^ p r i s e c o n t r o l ,
and r e n t c o n t r o l a r e d i f f i c u l t s u b j e c t s , upon
which he and Olass do not always a g r e e . A progress
r e p o r t on OPA i s i n c l u d e d .
s? 3
Box 416
'Correspondence on. t h e e x t e n s i o n o f OPA { 1 9 ^ 6 }
A,
l e t t e r s , p o s t c a r d , .tel&grams* e t c . u r g i n g ' t h e
continuation of the functions of the O f f i e * of Price
A d m i n i s t r a t i o n ' f o r one ysar- a f t e r i t s d a t e o f
e x p i r a t i o n i n 1946, s o as t o p r e v e n t i n f l a t i o n *
1*
2.
P a r t i c u l a r o p p o s i t i o n i s expressed t o t h e
Map r e v i s i o n o f t l s OfA l m s - r e g u l a t i n g , p r i c i n g
methods»
-A
Seyeral l e t t e r s favor continuation of price
c o n t r o l o n l y i f more e q u i t a b l e methods a r e
a d o p t e d and i f a f a i r p r o f i t c a n b e a l l o w e d .
S e v e r a l l e t t e r s s u g g e s t changes i n t h e OPA l a w *
3*
S e v e r a l l e t t e r s c i t e r e s t r i c t i o n o f production.*
b l a c k 'market developmeuiv, and, k o a r d i p g i n
o p p o s i n g t h e c o n t i n u a t i o n o f OPA,
4.
Many t e l e g r a m s were s e n t t o M r , G l a s s by u n i o n s
u r g i n g c o n t i n u a t i o n o f OPA.
5*
Several l e t t e r s concerning the p o s s i b i l i t y of
.greater l e n i e n c y w i t h r e s p e c t t o r e n t c o n t r o l ,
6.
A l e t t e r from a c o f f e e i m p o r t i n g o r g a n i s a t i o n
u r g e s an end t o a l l p r i c e c o n t r o l s and i m p o r t a t i o n
controls.
7.
Some few l e t t e r s r e c o r d o p p o s i t i o n t o OPA and
s u g g e s t t h a t , u n t i l p r o d u c t i o n car* be i n c r e a s e d
u n t i l I t a p p r o x i m a t e l y matches demand, some t y p o
o f p l a n s h o u l d be i n s t i t u t e d , whereby p r o f i t s
c o u l d be r e s t r i c t e d , f a t h e r t h a n p r i c e s 3
the
s u g g e s t i o n i s made t h a t c o n t r o l s be dropped on
t h o s e i t e m s f o r w h i c h t h e s u p p l y i s adequate t o
••meet t h e demand. "'
8..
The C a s t l e K e a l t y C o r p o r a t i o n l i s t s t h e f o u r
•amendments t q t h e OPA l a w , w h i c h so many p e o p l e
f o u n d so objeetlcinable'^ind g i v e s reasons f o r
f a v o r i n g t h e a c t i o n of'-.the Hcase i n a c c e p t i n g
t h e s e amendments.!
:
3 c s 416
iPaga
Fourteen one-page statements ccneern.\i'>g p>:-5.ce
c o n t r o l s c o l l e c t e d by ufi'olased persons a t t b - i
l i b r a r y o f Congress and published a t th-i f u f c i
A f f a i r s Abstracts» i n c l u d i n g statwaeata
Sjsester Boif3.es, "Bernard Barach, M a w l n a v S .
S c a l e s , John W. jSnyder, Fred M, Vijnson, a:«ct
Seymour B. H a r r i s , among o t h e r s .
Box
7
i*
Papers r e g a r d i n g r e p e a l o f l & t h amendmentr
2*
l e t t e r s t o p e o p l e s e e k i n g t i c k e t s t o change
convention*
3*
1929 l e t t e r s t o p a r t y workers»
L e t t e r s r e g a r d i n g p a r t y p a t r o n a g e and r e l i e f c
5*
L e t t e r s from
campaign*
6*
Folder of l e t t e r s regarding election*
conventions* etc*
To
L e t t e r s and a t t a c h m e n t s r e g a r d i n g p a r t y
and c o n v e n t i o n s «
8c
L e t t e r s and p a p e r s r e g a r d i n g p a r t y matters,*
9*
L e t t e r s and papers r e g a r d i n g p a r t y m a t t e r s *
10*
L e t t e r s and papers r e g a r d i n g p a r t y m a t t e r s c
11*
L e t t e r s t o and f r o m 31m F a r l e y *
and t o Glaaa r e g a r d i n g Senate
party
platform
£96
Bgk^UB
A box o f c l i p p i n g s o f a l l s o r t s and d e s c r i p t i o n s r e l a t i n g
t o B i s h o p Cannon, t h e F e d e r a l Reserva B o a r d c o u r t p a c k i n g
b i l l . , and m i s c e l l a n e o u s m a t t e r s .
1,
Root*s speech r e g a r d i n g t h e W i l s o n a d m i n i s t r a t i o n
the Mew York Spelling; Post,, May 16, X916,
2.
G l a s s ' r e s p o n s e t o Root*s a t t a c k on c u r r e n c y
New York Evening_:Jourml,
17 December 1913.
3.
E d i t o r i a l i n Portsmouth S t a r , 26 December 1934,
r e g a r d i n g Glass' a t i a e k on the R o o s e v e l t a d m i n i s t r a t i o n
4,
Eccles a c c e p t s Glass b i l l as amended r e g a r d i n g ope?)
m a r k e t committee*
5«
F i f t e e n o r more c l i p p i n g s , m o s t l y e d i t o r i a l s , f r o m
many papers r e g a r d i n g Glass f a t t a c k on t ^ e c o u r t p e c k i n g
b i l l , etc.
6.
C l i p p i n g s r e g a r d i n g b r a i n t r u s t s , 1 A p r i l 1939*
Softs good e d i t c r i s i s r e g a r d i n g court p a c k i n g
1 A p r i l 1939.
in
bill,
bill,
8.
E d i t o r i a l i n New York E v e n i n g Post r e g a r d i n g R o o t ' s
speech a g a i i i t r a l T o n *
9.
Glass responds t o Hoot charges a g a i n s t t h e c u r r e n c y
r e f o r m b i l l (Richmond V i r g i n i a n , 17 December 1 9 1 3 ) .
10.
Glass scored Root and V a n d e r l i p .
11.
E d i t o r i a l i n t h e Times D i s p a t c h on Glass* s p e e c h , 17
December 1913•
——
12.
New York Evening World, 10 September 1913, on G l a s s '
defense of currency b i l l i n the House.
13.
A r t i c l e from San Antonio E x p r e s s , £ 1 December I 9 1 3 * on
Congressman I ^ H r f ^ ^ i f i l - i s e o Y T h e currency b i l l .
He
agreed w i t h t h e President on the b i l l , but not w i t h Glass
14.
"The i n t e r p r e t e r " i n the S t , Paul Pioneer Press, 7
January 1936, holds t h a t the Democrats revamped the
Aldrieh B i l l *
Box j | l 8
(Page 2 )
15.
E d i t o r i a l to t h e Fargo Forum on t h e Glass s-peecr. on
C o u r t P a c k i n g B i l T T 2 S p r i T 1937-
16.
G l a s s ' speech cm t h e C o u r t P a c k i n g B i l l i n Chicago
T r i b u n e , 30 March 1937,
"""""
17.
E d i t o r i a l f r o m L i n c o l n S t a t e J o u r n a l on t h e Glass
speech on court~ paciting" B H X T ^ f l 1937 -
18.
Delano on Debt Funding o p e r a t i o n s .
19*
F r e d e r i c k s b u r g Democrat» 4 .September 1913, ca t h e
^resMeHF r s , ^cSSelndalion3 o f Glass on the aanage^ent
o f t h e Currency B i l l i n t h e House.
20.
" C u r r e n c y B i l l i s helped by Bryan", Roanoke paper,
24 August 1918.
21.
The F i n a n c i a l Age, Hew Y o r k , 3 June 1918, on f o r e i g n
BrincTSes^Tc^ banks «
22.
C l i p p i n g on Glass 1 address a t Ashland on P a t r i c k
23.
Hew York D a i l y Keys, an a r t i c l e on t a x exempt
ari<i"on in?Iation~Ey' Ralph Robey-
24.
An e d i t o r i a l , "Just Glass" r e g a r d i n g Glsaa'
toward Morgan.
25.
E d i t o r i a l i n Times D i s p a t c h , 23 J a n u a r y 1933 > "Glass
f o r Treasury ToaFT"
26.
E d i t o r i a l i n L e x i n g t o n Herald» 2 January 1933 s
f o r Treasury TosFIr
Henry
securities
attitude
"Glass
!
27.
A r t i c l e i n Toledo B l a d e , March 3 , 1939s, on t h e C o u r t
Packing proposal". '
28.
The court packing proposal i n t h e M i t c h e l l , S* D.
Gazette« Ho d a t e .
29.
Glass versus Robinson on t h e C o u r t Packing p l a n i n
S t . Louis Globe, 1 A p r i l 1939.
30.
G l a s s versus Robinson on C o u r t Packing plan- i n Hewgort
News D a l l y Preaa, 3 1 March 1937*
31.
The Knickerbocker Press, 3 1 March 1937, on G l a s s '
address,
famous
Box
j|l8
(Page 2)
32.
E d i t o r i a l i n t h e Flttsbu:-?^ P r e s s , 30 March 1937.
Glass' career.
33.
T u l s a World r e g a r d i n g c o u r t p a c k i n g .
34.
Congressman Henry 011 t h e C u r r e n c y B i l l i n Wacojfevis,
I T June 1914.
™
35»
Roanoke Times, 1? J a n u a r y 191ft ? on Glass and Henry»
36.
Houston P o s t , 14 January 1914, on Glass and H e n r y .
37-
P h i l a d e l p h i a Public Ledger, 26 June 1913? on S e c r e t a r y
G l a s s and t h e "currency"'oXTl*
38.
E d i t o r i a l " C a r t e r Glass" i n Roanoke World News, no d a t e ,
39.
E d i t o r i a l on Glass and H e n r y , 26 J u l y 1936.
40.
E d i t o r i a l on Hughes and G l a s s , no s o u r c e and no d a t e .
41.
Many c l i p p i n g s r e g a r d i n g Democratic p a r t y i n V i r g i n i a ,
Glass and Court Packing B i l l , Currency l e g i s l a t i o n and
G l a s s , miscellaneous a c t i v i t i e s o f G l a s s , o t h e r s on
Glass i n some r e s p e c t , but o f d o u b t f u l v a l u e .
Comment;
on
Mo d a t e ,
There a r e numerous unmounted c l i p p i n g s i n
t h i s box. They should have been s o r t e d ,
mounted, dated and c i t e d as t o source.
BoxJaB
Newspaper
A.
Clippings,
Miscellaneous c l i p p i n g s G l i t t e r i n g around s e v e r a l
general topics.
1„
Number 22 o f a s e r i e s o f A . D . H . S m i t h i n U &
Mew Y o r k E v e n i n g P o s t , May 2 , 19185. on Colons 1
House, and o t h e r s .
2.
C l i p p i n g s r e l a t i n g t o Bishop Cannon*
3.
E d i t o r i a l s and a r t i c l e s r e l a t i n g t o t h e p o s i t i o n
of C a r t e r Qlass w i t h r e s p e c t t o the Glass-Steagall
Act.
4.
M i s c e l l a n e o u s c l i p p i n g s , J a n u a r y 1 1 , 1914 December 2 5 , 1914.
5*
C l i p p i n g s r e l a t i n g t o B i s h o p Cannon and
t h e p r o h i b i t i o n movement, many s o u r c e s 1 1936,
1937-
6.
C l i p p i n g s on f e d e r a l r e s e r v e b i l l , c o u r t packing
b i l l , and miscellaneous s u b j e c t s .
7»
27 items r e g a r d i n g Qlass 1 s t a n d on t h e c o u r t
packing b i l l .
8.
Acceptance by M a r r i n e r E c c l e s of the G l a s s b i l l
as amended w i t h r e s p e c t t o open market o p e r a t i o n s , ,
9.
C l i p p i n g s r e g a r d i n g t h e c o u r t packing b i l l .
10.
E d i t o r i a l on t h e " B r a i n T r u s t . "
boo
Box 419
Mewspaper c l i p p i n g s *
A,
1913-1937
G e n e r a l c l i p p i n g s h a v i n g t o do l a r g e l y vjitfc
F e d e r a l Reserve System,
1,
the
E d i t o r i a l s and a r t i c l e s w r i t t e n d u r i n g December,
1 9 1 3 , c o n c e r n i n g t h e F e d e r a l Reserve A c t .
a.
Acceptance o f t h e r e p o r t o f t h e c o n f e r e n c e
committee by the Senate.
b.
S i g n i n g o f t h e b i l l by President W i l s o n .
c.
E d i t o r i a l discussion of t h e measure, i t s
l e g i s l a t i v e h i s t o r y and i t s a n t i c i p a t e d
performance.
2«
Mew York B e r a l d Bribune, F e b r u a r y 8 , 1935«
e d i t o r i a l eondemlng P r e s i d e n t R o o s e v e l t f o r
seeking excessive power•
3.
A r t i c l e s and e d i t o r i a l s f concerning monetary
l e g i s l a t i o n i n the 1930 s, i n c l u d i n g c r i t i c i s m s .
4.
New Y o r k H e r a l d , December 23* 1913» w i d e s p r e a d
o p i n i o n c i t e d t h a t John S k e l t o n W i l l i a m s would be
made C o n t r o l l e r o f the Currency.
5»
L e t t e r t o Washington H e r a l d w r i t t e n on October 27%
1933* f r o m H e a r s t , c r i t i c i s i n g t h e n a t i o n a l
Recovery A d m i n i s t r a t i o n (MRA).
6.
Hew Y o r k T i m e s , March 1 3 , 1933® d e s c r i b i n g an
argument between Senators Glass and Huey Long
(Democrat from L o u i s i a n a ) over admission of s t a t e
banks t o t h e F e d e r a l Reserve System.
7.
L e t t e r o f October 1 7 , 1931, f r o m C a r t e r G l a s s
t h e Hew York Times e d i t o r , d e a l i n g w i t h t h e
Goldhurst-Cannon case.
8.
E d i t o r i a l s and a r t i c l e s ' w r i t t e n d u r i n g A p r i l and
May, 1935® c r i t i c i s i n g fche proposed b a n k i n g
l e g i s l a t i o n of t t e t year l a r g e l y on the grounds
o f i n c r e a s e d c o n t r o l over c r e d i t by p o l i t i c a l
interests *
to
XKrJ"
(001
Box
9*
j|l8
(Page 2)
Washington H e r a l d * May 13 * 1935* t h e Hearst ona.tr*
r e c o r d s o p p o s i t i o n t o t h e proposed h a n k i n g b i n c i t i n g t h e c r i t i c i s m s by F r a n k A* V a n d e r ' l i p of
t h e p l a n o f f e r e d by M a r r l n e r S c a l e s ,
10*
Newspaper c l i p p i n g i n w h i c h H* P a r k e r W i l l i s .
c r i t i c i s e s t h e b a n k i n g l e g i s l a t i o n proposed by
Marriner Eceles*
11•
N o r f o l k Ledger-Dlspeteh, s u g g e s t i o n t h a t C a r t e r
G l a s s w i l l l o o k t h o r o u g h l y i n t o t h e case b e f o r e
a l l o w i n g M a r r i n e r S o c l e s t o be a p p o i n t e d chairman
o f t h e F e d e r a l Reserve Board•
12,
newspaper a r t i c l e i n w h i c h Samuel Untermyer p r a i s e s
t h e p a r t o f t h e Glass b i l l r e f u s i n g p e r m i s s i o n f o r
banks t o b e a s s o c i a t e d d i r e c t l y w i t h s e c u r i t y
companies*
13.
Hew York Times-, F e b r u a r y 12* 1932* e d i t o r i a l
e x p l a i n i n g t h e r e s e r v e and r e d i s c o u n t f e a t u r e s o f
t h e proposed amendments t o t h e F e d e r a l Reserve A c t ,
14*
Columbus E v e n i n g D i s p a t c h * May 27? 1933* e d i t o r i a l
c r e d i t s S e n a t o r Glass w i t h t h e p r e p a r a t i o n o f t h e
p r o v i s i o n s o f t h e G l a s s - S t e a g a l l A c t whereby
d e p o s i t s are guaranteed•
15*
E d i t o r i a l s and a r t i c l e s c o n c e r n i n g G l a s s 1 d e f e n s e
o f J® P. Morgan i n 1933* when t h e c o n d u c t o f a
congressional i n v e s t i g a t i o n o f ' t h e f i n a n c i a l
a f f a i r s o f t h e family s t r u c k G l a s s as b e i n g u n f a i r ,
16*
The c a p t i o n f o r a p i c t u r e o f Mr* G l a s s and S e n a t o r
D a v i d A* Reed ( R e p u b l i c a n f r o m P e n n s y l v a n i a ) i n
1933 s t a t e s t h a t Glass w i l l argue i n f a v o r o f a
downward r e v i a i o n . o f war d e b t s *
17*
newspaper a r t i c l e s o f May* 1933* d e s c r i b i n g c e r t a i n
o f t h e compromises w h i c h Congressmen Glass and
S t e a g a l l were making i n an e f f o r t t o p r e s e n t a
b i l l meeting a d m i n i s t r a t i o n approval*
18»
Hew O r l e a n s s t a t e s * May Sinn 1933, e d i t o r i a l g i v i n g
f i g u r e s on t h e bonded d e b t o f L o u i s i a n a w i t h i n t e n t
t o p r o v e tendency t o w a r d b a n k r u p t c y under Huey Long,
SasJili
( p a s e 3)
19.
The Hammond V i n d i c a t o r , March 17 ? 1933.? l e n g t h y
a r t x a l e c r i t i c i s i n g the f i n a n c i a l p o l i c i e s of
t h e Huey Long a d m i n i s t r a t i o n ,
20,
S t . L o u i s Post D i s p a t c h * March 3,0, 19331 S e n a t o r
G l a s s b r i n g s - t o l i g h t an o p i n i o n d e l i v e r e d i n 1911
by F r e d e r i c k W« Lehmann* S o l i c i t o r General,, s t a t i n g
t h a t any c o n n e c t i o n between commercial banks and
i n v e s t m e n t companies was i l l e g a l ,
21®
A r t i c l e s defending Carter Glass1 p o s i t i o n i n
c h o o s i n g t o r e m a i n i n t h e Senate* r a t h e r t h a n become
• S e c r e t a r y o f t h e T r e a s u r y under P r e s i d e n t R o o s e v e l t ,
22*
Mew York T i m e s , March
1933* W i n t h r o p w* A l d r i c h ,
c h a i r m a n o f t h e b o a r d o f Chase n a t i o n a l Bank*
s t a t i n g t h a t t h e c o n n e c t i o n between t h e v,-ank and
t h e ' C h a s e S e c u r i t i e s C o r p o r a t i o n w i l l be b r o k e n
and s u g g e s t i n g f u r t h e r r e f o r m s i n a d d i t i o n t o t h o s e
o f t h e Glass b i l l ,
23•
Roanoke World-News, May 1Q, 1930* e d i t o r i a l p r a i s i n g
C a r t e r G l a s s s t a t e s t h a t Oscar Underwood* o f
Alabama, w o u l d n o t s t a n d f o r r e - e l e c t i o n i n a
s t a t e t h a t could e l e c t Heflin*11
24,
L e t t e r f r o m C a r t e r Glass t o John S t e w a r t B r y a n f
e d i t o r o f t h e Richmond Mews Leader j, s t a t i n g t h a t
t h e U n i t e d S t a t e s made a m i s t a k e i n r e f u s i n g t o
e n t e r t h e League o f n a t i o n s *
25*
An e n v e l o p e o f c l i p p i n g s c o n c e ^ n i r g v a - t e d
particularly brief articles either fivor&bie
u n f a v o r a b l e t o t h e work o f Mr, Glass l u
fjp* u
sphere d u r i n g t h e 19308sj a l s o c l i p p i n g s
B i s h o p Cannon* i n c l u d i n g a r e p o r t c f u«e a p r ^ l
t o t h e Glass b i l l by t h e New l o r k chamber o f
CoiSHierce*
26•
Several a r t i c l e s r e l a t i n g t o the proper extension
o f c r e d i t by t h e F e d e r a l Reserve System and the
use o f s u c h c r e d i t f o r s p e c u l a t i v e p u r p o s e s *
i n c l u d i n g an a r t i c l e by M* P a r k e r W i l l i s i n t h e
Washington E v e n i n g S t a r * J a n u a r y 2 4 , 1929,
suggesting the contraction of c r e d i t through susp e n s i o n o f many b r o k e r s 1 l o a n s and t h e w i t h d r a w a l
o f c r e d i t extended f o r s p e c u l a t i v e purposes*
al
ou'ii1
Box 419
(Page k )
27*
W a l l S t r e e t J o u r n a l * F e b r u a r y 5* 1929 * s u g g e s t i o n
b y C a r t e r Glass n o t e d f a v o r a b l y t h a t r e s e r v e
r e q u i r e m e n t s on t i m e d e p o s i t s be r a i s e d t o lessaen
t h e volume o f b r o k e r s 1 l o a n s b e i n g extended*
28*
E d i t o r i a l r e p r i n t i n g a s t a t e m e n t o f £L P a r k e r
W i l l i s t h a t t h e b a n k i n g b i l l o f 1935 1b n o t i n
l i n e w i t h t h e o r i g i n a l c o n c e p t s and a l l o c a t e s t o o
much c o n t r o l over t h e system t o p o l i t i c a l i n t e r e s t s :
t h e 1935 b i l l i s s a i d by t h e e d i t o r t o r e p r e s e n t
t h e l o g i c a l c o n c l u s i o n - t o t h e a c t o f J a n u a r y 30.*
1934* whereby t h e F e d e r a l Reserve Board c o n t r o l s
t h e system and t h e b o a r d i s s u b s e r v i e n t t o t h e
T r e a s u r y * The b o a r d under M a r r i n a r E c c l e s i s s a i d
t o c o n s i s t s o l e l y o f democrats*
29*
A r t i c l e c i t i n g o p p o s i t i o n o f B e n j a m i n ML Anderson
• t o s e t t i n g r e s e r v e r e q u i r e m e n t s a c c o r d i n g t o the
' v e l o c i t y o f bank d e p o s i t s *
Anderson s t a t e s t h a t
• a r e s e r v e r e q u i r e m e n t s h o u l d be s a t a c c o r d i n g t o
l i q u i d i t y of other assets* i r r e g u l a r i t y of net
demand l i a b i l i t i e s * and v a r i a b i l i t y i n eustomere
b o r r o w i n g demands.
30*
L e t t e r t o t h e e d i t o r o f t h e Mew York Times w r i t t e n
F e b r u a r y 3* 1932* s t a t i n g t h a t t h e Glass b i l l &ho*:>:
a l a c k o f knowledge money marteet phenomena i n t h o s e
sect-ions d i s c o u r a g i n g use o f F e d e r a l Reserve c r e d i t
f o r s p e c u l a t i v e purposes*
31®
A r t i c l e I n Mm f o r k H e r a l d T r i b u n e c o n t a i n i n g an
i n t e r v i e w w i t h M a r r i n e r E c c l e s J u s t a f t e r fee beca&s
Secretary of the Board.
32*
P h i l a d e l p h i a Records on t h e day b e f o r e t h e G l a s s
subcommittee o f t h e Senate B a n k i n g C o i n i i i t t e e r e nortec;
the aiass b i l l
e x p r e b d * d the o p i n i o n zmt th*» E ^ i e a
suggestions should
^ztoreo
«*£ m
i*i0 f
^
replaced
t ^ e Oias® COBJIsij.'L 1/8® a t
xliS Cdiiuw oi"
c e r t a i n ¥©11 S t r e e t I n t e r e s t s ,
33.
B a l t i m o r e Sun, May 2 7 , 1935* e d i t o r a t t a c k s M a r r i r ^ r
E c c l e s f o r f a v o r i n g p o l i t i c a l d o m i n a t i o n o f tlv$
b a n k i n g systes®
S t . L o u i s aiofca D e m o c r a t M a y 1 6 , 1935., e d i t o r i a l
say & t h e U, S , I d n o t on t h e g o l d s t a n d a r d and t h f - t
t f t e d o l l a r i s unsound.
\J JO
Boxjng
(Page 5 )
35c
A r t i c l e n o t i n g t h a t M a r r i n e r E c c l e s * Chairman o f
t h e Board o f Governors and a r d e n t Hew D e a l e r *
had employed a p u b l i c r e l a t i o n s man«
36*
Washington H e r a l d # May 3 * * 1935.* P r e s i d e n t R o o s e v e l t
i s p i c t u r e d as an a d v o c a t e o f t h e E c e l e a p l a n f o r
t h e b a n k i n g system *
37*
Washington H e r a l d ^ May 3 1 , 1935^ a r t i c l e s t a t e s
t h a t P r e s i d e n t R o o s e v e l t was M i l l i n g t o s u r r e n d e r
c e r t a i n o f t h e powers t o be g r a n t e d t h e a d m i n i s t r a t i o n under t h e E c c l e s b a n k i n g b i l l i n view
o f t h e o p p o s i t i o n o f t h e American Bankers A s s o c i a t i o n .
38*
Envelope o f m i s c e l l a n e o u s c l i p p i n g s d e a l i n g l a r g e l y
w i t h t h e a c t i v i t y o f B i s h o p Cannon i n t h e e l e c t i o n
o f 1928* e s p e c i a l l y t h e means by w h i c h h i s campaign
a g a i n s t A l f r e d E« S m i t h was financed®
39*
A r t i c l e s d e a l i n g w i t h stock market a c t i v i t y
1929 and t h e e a r l y 3 0 ? s .
40*
S e v e r a l a r t i c l e s d e a l i n g w i t h changes i n
r e q u i r e m e n t s i n 1935*
41*
Men Y o r k J o u r n a l o f Commerce^ December, 19159
p r o p o s a l by McAdoo and John S k e l t o n W i l l i a m s o f
t h e t r e a s u r y Department t h a t t h e F e d e r a l A d v i s o r y
C o u n c i l be a b o l i s h e d ^ d e s p i t e t h e r e l a t i v e i n a c t i v i t y
o f t h e group*
42*
The U o r t h American* November 30* 1915* G l a s s
prepares t o a t t a c k the Federal Advisory Council,
The names o f James B* Forgan # J« P* Morgan* George
Mo R e y n o l d s * and R o b e r t L« Owen a r e mentioned*
43•
E d i t o r i a l s t a t i n g t h a t t h e r e was s t i l l t i m e t o
c o r r e c t t h e d e f e c t s o f t h e 1935 b a n k i n g b i l l j t h e
d e f e c t s a r e enumerated*
44*
.By communication r e l a t i n g t o b r o k e r s 1 l o a n s and
F e d e r a l R e s e r v e System,
in
eligibility
the
45*
A page f r o m a b u l l e t i n o f N e l s o n * Cook & Co* r e g a r d i n g
b r o k e r s l o a n s and c o n t r o l o f c r e d i t •
46.
H e f l i n R e s o l u t i o n a s k i n g t h e Board o f Governors t o
suggest l e g i s l a t i o n designed t o c o n t r o l s p e c u l a t i o n -
Box k)S)
47.
(Page 6 )
ft c l i p p i n g f r o m the Hew Y o r k H e r a l d T r i b u n e (25 Harch
1920) r e g a r d i n g t h e d e f i n i t i o n o f s p e c u l a t i o n by G l a s s
and the e d i t o r .
48.
L i m i t a t i o n s on c o l l a t e r a l l o a n s proposed by M. H» CalxiXI
i n Mew f o r k t i m e s , 12 Hoveiaber 1929.
49.
L e t t e r t o H e r a l d Tribune by W i l l i a m A. Sumner r e l a t i v e
t o t h e f o r m a t i o n o f the L i b e r a l P a r t y and a l e t t e r by
Sumner t o G l a s s , 23 May 1935-
50.
Letter of Franklin of L o u i s v i l l e regarding the
i s a t i o n o f power, c f . t o Glass 15 J u l y 1935»
51.
"Sturdy Old Raman" - E d i t o r i a l * Boston S s r a l d , 26
February 1935» r e g a r d i n g s t a n d a r d o f Glass on F e d e r a l
Aid.
52.
Richmond Palladium, 10 December 1929. A r t i c l e by R. G.
Leeds on b e n e f i t s o f stock market c r a s h .
53.
The G l a s s - S t e a g a l l Act described i n B u s i n e s s Week, 20
February 1932.
54.
A r t i c l e by T . B . MacCaulay ( a d i s t i n g u i s h e d C a n a d i a n ) ,
"A Weakness of our C r e d i t S t r u c t u r e . "
55.
Mew York T i m e s , 28 February 1934 - statement r e g a r d i n g
margin r e q u i r e m e n t s , r e f e r s t o Thomas G. Corcoran and
t h e d r a f t i n g of Stock C o n t r o l B i l l .
56.
A t t a c k on He* Deal by J o t e W. D a v i s , Mew York Times, 28
February 1934. L e t t e r t o Glass f r o m D a v i s .
57-
E l l i o t t T h u r s t o n , Washington P o s t , 16 l a y 2934,
G l a s s and t h e S t o c k Exchange B i l l
58.
Address o f F r e d C. C l a r k i n the American B a n k e r , 13 June *>.
59'
P o r t r a i t of a S e n a t o r , no d a t e , no source but a f i n e
tribute to Glass.
60.
E d i t o r i a l i n t h e New York Times on t h e r e v i s e d F e d e r a l
Reserve b i l l .
Discusses changes and c o n t r o v e r s i e s .
61.
Hew forte H e r a l d t r i b u n e ( J u l y %, 1935) * sn a r t i c l e
t h e curbs on lew D e a l laws by t h e Supreme Court«
62•
A r t i c l e i n t h e P h i l a d e l p h i a I n q u i r y s h o u t speech o f
? S i r J o s i a h Stamp on t h e r e t u r n t o t h e g o l d s t a n d a r d .
k M r j 1935 •
central-
regarding
on
Box
63.
419
(Page k )
E d i t o r i a l i n t h e Washington P o s t * 11 May 1935?
speaking f a v o r a b l y o f changes f o r t h e b e t t e r i n
F e d e r a l Reserve A c t .
the
64*
Address o f Odgen M i l l s a t t h e H a r v a r d Club a n a l y s i n g
the F e d e r a l Reserve A c t and t h e S t e a g a l l B i l l , and some
o f i t s d a n g e r s . No source and no d a t e .
65.
A r t i c l e d i s c u s s i n g t h e o r i g i n o f t h e power o f Reserve
Banks t o make i n t e r n a t i o n a l l o a n s .
66.
E d i t o r i a l i n Richmond Times D i s p a t c h , 18 May 1934,
r e g a r d i n g Qlass amendments t o F l e t c h e r - R a y b u r n B i l l .
67.
Mention i n t h e Washington P o s t , 16 May 1934, by E l l i o t t
Thurston. I t t e l l s o f G l a s s ' r e s i g n a t i o n fro® the
C o n f e r e n c e Committee on t h e S e c u r i t i e s B i l l *
68.
E d i t o r i a l i n t h e Petersburg P r o g r e s s - I n d e x , no d a t e ,
on the f a i l u r e of Byrd and Glass t o vote f o r the b i l l
regulating u t i l i t i e s .
Box 420
v . i i i j w i v v > s r i r - - - » e s s n »i
Newspaper C l i p p i n g s
1918-1937
Qeneral Statement!
By f a r t h e t o p i c s most f r e q u e n t l y d e a l t w i t h :'.n
t h i s box a r e the p o l i t i c a l campaigns o f 3.920- 3.924, and
1936, The D e m o c r a t i c P r e s i d e n t i a l N o m i n a t i n g Convex t i c ? :
o f 1924 I s e s p e c i a l l y i m p o r t a n t In t e r m s o f f r e q u e n c y o.f
clippings.
I t was i n t h i s y e a r t h a t C a r t e r © l e s s was a
s t r o n g contender f o r t h e n o m i n a t i o n .
Editorials., mostly
from s t a t e papers, are p r o l i f i c .
G l a s s ' s t a n d on t h e
Mew D e a l I s t h e main t h i n g c o v e r e d I n t h e 1936 P r e s i dential election.
Other broad t o p i c s which appear o f t e n a r e ( i n
probable order of f r e q u e n c y ) , t h e a c t i v i t i e s o f B i s h o p
Cannon o f t h e Methodist Church; a r t i c l e s on t h e F e d e r a l
Reserve System and v a r i o u s banking l e g i s l a t i o n
Of spec3 a
note on t h e l a t t e r s u b j e c t I s coverage of a c o n t r o v e r s y
between Qlass and Colonel House over r e s p o n s i b i l i t y f o r
g e t t i n g t h e F e d e r a l Act w r i t t e n .
A l s o t h e r e was a cont r o v e r s y between Glass and S e n a t o r I f e f l l n over t h e merits?
and s h o r t c o m i n g s o f t h e system.
Other important t o p i c s i n c l u d e t h e a c t i v i t i e s and
a l l e g e d "wrong doings" of t h e V i r g i n i a S t a t e vateririarl&r>,
D r . Penneyhough and r e p o r t e d " m e d d l i n g " i n t h e r e t i r e m e n t
of M a j . Sen. C r o n k h i t e .
A more d e t a i l e d l i s t of t o p i c s
1.
E d i t o r i a l s on Banking and Currency
Sosae o f s p e c i a l note a r e
follows,
legislation,
( a ) Nomination o f C. S* Hamlin t o F e d e r a l Reserve
Board (New Bedford, Mass, M o r n i n g M e r c u r y ,
J u l y 3* 1 9 2 6 . )
( b ) G l a s s ' w a r n i n g a g a i n s t t h e l i b e r a l i z i n g of
r e g u l a t i o n s governing e l i g i b l e paper f o r b o r r o w i n g
a t t h e F e d e r a l Reserve banks. ( u n d a t e d ) .
2.
Approximately 10 e d i t o r i a l s (undated) r e f e r r i n g t o
t h e announcement o f J * Cloyd Byans t o run as an
"Independent Democrat" a g a i n s t Qlass f o r Congress,
Box
j|l8
(Page 2)
3.
E d i t o r i a l s and a r t i c l e s { d a t e d 1926) d e a l i n g w i t h
f a i l u r e t o r e - e l e c t D r . J> <5. Ferney^oug's
state
v e t e r i n a r i a n and some c o n t r o v e r s y between T^rnsyfcoo&r.
and G l a s s .
4.
A r t i c l e s g i v i n g G l a s s 1 v i e w s r e g a r d i n g proposed
McFadden N a t i o n a l Bank B i l l and H u l l amendments >
( d a t e d ?)
5.
Reports o f speech b y G l a s s a g a i n s t proposed HangexiMcNary Farm B i l l ( d a t e 1 9 2 6 ) .
6.
Reports o f a c t i v i t i e s of Bishop Cannon ( u n d a t e d ) .
Also e d i t o r i a l s about t h e Bishop and about t h e soc a l l e d Cannon-Goldhurst e a s e .
7.
"Glass Denies Threat t o Gold S t a n d a r d . "
Article
r e g a r d i n g d i f f e r e n c e o f o p i n i o n between Glass and
Hoover a d m i n i s t r a t i o n Republicans ( d a t e 13 October,
1932. New York T i m e s ) . Numerous o t h e r a r t i c l e s and
e d i t o r i a l s on t h e s u b j e c t .
8.
E d i t o r i a l s r e g a r d i n g c o n t r o v e r s y between G l a s s and
S e c r e t a r y o f Treasury K i l l s p r i o r t o n a t i o n a l e l e c t i o n
(undated).
9a
Reports of G l a s s ' denouncement o f H» A» S s l i g m s n ' s
s t o r y t h a t Paul M. Warburg was r e s p o n s i b l e f o r t h e
r e s e r v e and note issue o r o v i s i o n s of t h e F e d e r a l
Reserve Act ( d a t e d 1 9 2 7 j .
Also published l e t t e r f r o m
Glass on t h e m a t t e r .
10.
Perhaps one himdred or more e d i t o r i a l s and conaisents con
c e r n i n g t h e p o l i t i c a l a c t i v i t i e s of B i s h o p Cannon., t h e
S e n a t e ' s i n q u i r y i n t o t h e d i s p o s i t i o n o f money c o n v r i buted t o him f o r use i s p o l i t i c a l campaigns, e t c ,
Many e d i t o r i a l s r e g a r d i n g t h e B i s h o p ' s f i g h t f o r p r o h i b i t i o n and accounts of a t t e m p t s t o make him a m a r t y r .
Most of t h i s m a t e r i a l i s undated b u t appears t o fcava
been d u r i n g and a f t e r the Bishop's a n t i - S m i t h campaign
i n 1928.
11.
Accounts o f G l a s s 1 a t t a c k o f a book b y P r o f e s s o r
Seymour o f T a l e i n w h i c h t h e l a t t e r i m p l i e d t h a t
Colonel
House %?as r e s p o n s i b l e f o r t h e Federa3 Reserve A c t *
Many e d i t o r i a J comments on t h a c o n t r o v e r s y between CTI.-IF-S
and House ( c a , 1927)»
tof
Box, frap (itege
12„
Ksny a r t i c l e s and e d i t o r i a l s concerning Glass* p o s i t i o n
i n t h e 1936 P r e s i d e n t i a l e l e c t i o n and speacfc*s mads
by hiss a s s a i l i n g some Hevj Beat pol£caee> vsjac i a l ' t v s
c o n t r o v e r s i a l speech made i n Ashland a t
CoH«g«.
13,
E d i t o r i a l s r e g a r d i n g t h e p o s s i b i l i t y and
6 f Glass f o r Democratic p r e s i d e n t i a l noa;ines I n t h e
192k e l e c t i o n .
There a r e probably upward^ o f ICO
such u n i t s , some o f which s p e c u l a t e b e a v i l ? on the
outcome o f the convention* McAdoo a l s o mentioned o f t ; m
14.
New York Times a r t i c l e r e v i e w i n g f i r s t t e n months o f
H a r d i n g ' s a d m i n i s t r a t i o n (dated 1922}*
15«
Miscellaneous c l i p p i n g s having t o do w i t h a l l e g e d
l o c a l p o l i t i c a l m a n i p u l a t i o n by c e r t a i n people and
o f v a r i o u s o t h e r s u b j e c t s . The number o f a r t i c l e s on
any one o f t h e s e s u b j e c t s i s s m a l l * Also a few sport:a r t i c l e s , medical a r t i c l e s ana those of a r e l i g i o u s
nature*
16.
Newspaper coverage o f a speech by Glass i n A t l a n t a
a t t h e N a t i o n a l A s s o c i a t i o n o f C r e d i t Hen. (Undated).
Speech i n c l u d e d g r a i s e o f farm c r e d i t l e g i s l a t i o n and
advice t o farmers.
17•
Account o f Glass speech t o Maaons C o n v e n t i o n i n wMeft
he a t t a c k e d attempts t o l o w e r t h e bar© o f 5.:sroigrat.ior».
(Undated).
18.
E d i t o r i a l s r e g a r d i n g t h e r a t i f i c a t i o n o f a peace t r e a t y
w i t h Germany* Much a t t e n t i o n g i v e n t o t h e p a r t
"farmer P r e s i d e n t Wilson" w i l l p l a y in t h e a f f a i r ,
(undated).
19.
About 10 or 15 accounts o f a g r e a t t r i b u t e isaid t o
"former P r e s i d e n t Wilson" on t h e f i f t h anniversary o f
t h e s i g n i n g o f t h e a r m i s t i c e s i g n i n g . Glass e v i d e n t l y
made a speech a t the occasion*
(Undated).
20.
A r t i c l e s d e a l i n g w i t h charges by Staler G e n e r a l Cronkftiwj
t h a t t h e Army had tampered w i t h t h e records o f h i s so-.t
who waa k i l l e d d u r i n g Army r i f l e p r a c t i c e .
Also
accounts o f an order from toe War Department f o r c i n g
t h e g e n e r a l i n t o r e t i r e m e n t and congressional i n v e s t s
g a t i c n o f these i n c i d e n t s .
boil 420
—<5 jl^P
4>/6
(:*»<Agc» •!•)
21.
S e v e r a l e d i t o r i a l s d e a l i n g w i t h a speech i n defaiiss
o f t h e F e d e r a l Reserve System b y G I a s s (1?'<:2)- Tna
speech seems t o bave bean i n r e p l y t o S e n a t o r He.fl:ln J s
(Alabama) c r i t i c i s m o f the ay stem.
22.
About 2 0 or
a r t i c l e s d e a l i n g w i t h t h e appointment
by P r e s i d e n t Harding o f a man t o succeed i E a w t t u s
as Governor o f t h e F e d e r a l Reserve Board* ( 1 9 2 8 ) '
A l s o some charges of t h e a d m i n i s t r a t i o n 4 s a d v i s o r s
"playing p o l i t i c s " i n tha matter.
23.
A r t i c l e s t n which John S. Williams, one time Comptroller
of the Currency9 expresses opposition t o increasing
i n t e r e s t r a t e s on business loans and clears up misunderstanding about his plan f o r " c a l l i n g l:a war
borrowings." (no d a t e ) .
24.
A few scattered a r t i c l e s dealing w i t h
the B r i t i s h Debt Refunding B i l l which
being debated i n the Senate i n 1923.
included of a "very s t i r r i n g " defense
Mr. Glass on the Senate f l o o r ,
25.
At l e a s t 25 a r t i c l e s and e d i t o r i a l s commenting on a
speech by Glass on the Senate f l o o r i n which he took
President Coolldge t o task a f t e r Mr. Collidge fead
c r i t i c i s e d the Senate i n the way i t was handling cartas »i
investigations•
26.
Assorted reports of speeches on banking made by bankers
a t various conferences and meetings f o r bankers. Mor;
of them deal with the merits and shortcomings of the
Federal Reserve System. (Dated f o r the most part i n the
e a r l y 1920*s).
27.
Assorted reports of speeches made on the League o f
nations. For instance, one by Lord Robert C e c i l o f
England (Mostly undated).
28»
Report of passage of Kellogg-Wadsworth b i l l by the
Senate. The b i l l i s an amendment which w i l l allow
states t o impose the same tax on n a t i o n a l banks as
i s imposed on s t a t e banks« (date I 9 2 3 } .
29*
Several a r t i c l e s reporting a controversy i n Bedford,
Va. over the appointment of an evidently unpopular
postmaster i n t h a t c i t y by President Hording„ Former
Congressman Slemp was a major f i g u r e i n the controversy.
Glass' stand on
was evidently
Accounts are
of the B i l l by
Bos 421
Newspaper C l i p p i n g s ,
1913-1937<•
Approximately 450 c l i p p i n g s concerning t h e
contest between Glass and
A. James for the
position of Rational Committeeman i n 1916, Many
a r t i c l e s and e d i t o r i a l s discussing Bishop Cannon.
C l i p p i n g s r e l a t i n g t o t h e Supreme Court Paeking and
to Olass* a t t i t u d e towards various aspects of the
Deal Legislation and Administration,
Of p o l i t i c a l or economic interest are a number
of clippings covering the following topics t a speech
by Olass i n support of the Federal Reserve-Act, 1913;
E d i t o r i a l on various aspects of Federal Reserve policy
including Par Check Clearance, n a t i o n a l Clearing System,
"Overissue" of Federal Reserve notes i n 1916, GlassBorah amendment t o Home Loan Bank B i l l , Member Bank
Reserves; E d i t o r i a l on Farm-Land Bank B i l l sponsored
.by Olass; Glass* speech opposing Federal a i d , 1934;
Olasa' opposition to Haugen B i l l ; Olass* a c t i v i t i e s
i n 1936 P r e s i d e n t i a l elections ca. 40 a r t i c l e s concerning
Glass* stand on prohibition and I t s relationship to
the 1928 Presidential election; ca. 60 clippings on
Glass* attack on "The Intimate Papers of Colonel House1',
e d i t o r i a l s and a r t i c l e s r e l a t i n g t o the dispute between
Olass and Seymour over the o r i g i n of the Federal Reserve
Act, and many book reviews of Glass* "An Adventure
in
Constructive Finance"; Editorials on Glass 1 stand
concerning the powers of the Federal Reserve Board to
control the discount r a t e , 1927; Several a r t i c l e s by
Arthur D. Howden Smith on "How the Federal Reserve
System Came I n t o Being."
Apparently no ordered arrangement of clippings.
Bax »22
Miscellaneous correspondence 1 9 2 8 - 4 5 , e s p e c i a l l y r e g a r d ' r . £
attempts t o assure t h a r e t i r e m e n t of Mr. Glass frcs? t * ?
Senate.
A.
L e t t e r s r e l a t i n g t o a n t i c i p a t e d b i o g r a p h i e s of
Woodrow W i l s o n .
1.
Request from t h e L i b r a r y o f Congress f o r t h a
l e t t e r s h e l d by M r . Glass from P r e s i d e n t
W i l s o n . A r e f u s a l . Request f o r p h o t o s t a t i c
copies of t h a l e t t e r s .
B.
L e t t e r s and r e p o r t s concerning t h e s e t t l e m e n t o f
war claims w i t h Germany,
C.
L e t t e r s between R i x e y Smith and Douglas S . Freemen
i n June, 19^5, a t t e m p t i n g t o i n s u r e t h e v a l i d i t y o f
t h e p a i r i n g o f N r . G l a s s ' vote on t h e r a t i f i c a t i o n
o f t h e San F r a n c i c s o t r e a t y .
D.
L e t t e r s , t e l e g r a m s , newspaper a r t i c l e s , e t c . r e l a t i n g
t o t h e attempts t o assure the r e t i r e m e n t o f M r . Glass
frcte t h e Senate i n 19^5 and 19^6. Sentiment i s
expressed on both s i d e s of t h e quest1cm. t&. Glass
took no steps toward r e t i r e m e n t .
E.
Statement sent by N r . Glass t o Charles S . Hamlin, s
member o f t h e F e d e r a l Reserve Board, opposing e i t h s r
j o i n t or separate a c t i o n on t h e p a r t o f t h e Board
or t h a FDXC t o lower i n t e r e s t r a t e s on t i n e and savings
d e p o s i t s few both member and non-member banks, N r .
Glass s e r i o u s l y questions tha a b i l i t y o f government
employees t o r e g u l a t e business and banking a f f a i r s .
F.
Correspondence between n r . Glass i n Lynchburg and
R i x e y Smith i n Washington*
1.
R i x e y Smith notes h i s f a i l u r e t o f i n d any l e t t e r s
on f i l e t o H. Parker W i l l i s or E . JR. G a r r i s o n ,
r e f e r r i n g t o Mr. G a r r i s o n .
Bet: H22
2»
( f a g * Z)
L e t t e r t o Rixey S m i t h mi A p r i l 1 , 1929, i n
wfcich K r - Glass mentions p r e p a r a t i o n of r e p l i e s
t o statements by Robert Q&en smci Samuel Tlntarnjyer*
l e t t e r front r e c e n t l y d e f e a t e d Senator
T» Gore
on Kdveusber 7 ? 1936, and a r e p l y by M r , a i a s a ,
concerning t h e wisdom o f f o r e g o i n g t h e c h a i r m a n s h i p
of t h e A p p r o p r i a t i o n s Committee and r e t a i n i n g t h e
c h a i r o f t h e Subcommittee on Banking and C u r r e n c y .
Proposed r e s o l u t i o n f o r t h e Democratic P a r t y o f
V i r g i n i a , i n s t r u c t i n g d e l e g a t e s t o the N a t i o n a l
Convention t o vote f o r r e n a m l n a t l o n o f I t * . Roosevelt
L e t t e r s t o He*. Glass from Senatdr Byrd
Box 423
Glass Correspondence 9
1924-1940.
M i s c e l l a n e o u s correspondence * a l p h a b e t i c a l l y
a r r a n g e d * I n c l u d i n g correspondence w i t h B e r n a r d
Baruch* W i l l i a m E« B o r a h , H a r r y F* B y r d *
Carl
Harden* Hugh S« Johnson* Thomas KeAdams9 W i l l i a m
G. McAdoo9 M« JL M c l n t y r e * So W a l t e r Bapp^ James K*
Vardmsn* H« Parker W i l l i s * R i c h a r d V h a l e y j
o f correspondence w i t h John D a n l e l e *
Folder
1901-02*
L e t t e r s from McAda&s and Yardman concern
appointments t o t h e F e d e r a l Reserve Board o f Governora*
I N D E X
T o the I n v e n t o r y of C a r t e r G l a s s
U n i v e r s i t y of V i r g i n i a
Charlottesv'ille, V i r g i n i a
1958
Papers
INTRODUCTION
The I n d e x t o the I n v e n t o r y o f the C a r t e r Glass Papers
w h i c h f o l l o w s has a number o f d e f e c t s ,
some o f w h i c h e v o l v e
from weaknesses i n the I n v e n t o r y i t s e l f *
A few words o f
i n t r o d u c t i o n and e x p l a n a t i o n may t h e r e f o r e be h e l p f u l
to
the u s e r *
As i t s
one.
title
states,
the I n v e n t o r y i s o n l y a p a r t i a l
C o n s e q u e n t l y , a s e a r c h e r who uses the Index t o r u n
down e n t r i e s on a p a r t i c u l a r p e r s o n o r s u b j e c t w i l l
often
f i n d many more a c t u a l l e t t e r s
and documents when he goes
t o the Papers themselves*
i s s t r o n g l y a d v i s e d t h a t any
It
scholar undertaking a serious project i n connection
with
the Papers d e a l d i r e c t l y w i t h them and n o t r e l y s o l e l y on
the I n v e n t o r y f o r
guidance.
Since a l m o s t a l l i t e m s i n the Papers have an a s s o c i a t i o n
o f some s o r t w i t h C a r t e r G l a s s , the e n t r i e s i n t h e
Index
under Mr, G l a s s 1 name have been l i m i t e d t o t h o s e t h i n g s
t a i n i n g t o him i n a p e r s o n a l way, such as h i s
per-
birthdays,
b o o k s , speeches and a r t i c l e s by h i m , h i s e l e c t i o n t o v a r i o u s
offices,
etc.
The e n t r i e s c o n c e r n i n g l e g i s l a t i o n under
Congress" p a r t i a l l y d u p l i c a t e
"United
States,
the i n d i v i d u a l e n t r i e s made
under the names o f the sponsors and s u b j e c t s o f a c t s and
bills.
A l t h o u g h f a r from c o m p l e t e , t h e s e e n t r i e s were
included
-11w l t h the t h o u g h t t h a t some searcher might w i s h t o g a i n a
g e n e r a l i m p r e s s i o n o f the l e g i s l a t i o n touched upon i n
Papers, p a r t i c u l a r l y i f
the
he were not f a m i l i a r w i t h the names
o f the l e g i s l a t o r s o f the p e r i o d .
As the t e c h n i c a l n a t u r e o f the m a t e r i a l o f the Papers
has sometimes made i t
difficult
t o combine s u b j e c t
entries
under one comprehensive h e a d i n g , a searcher i s advised
investigate alternate p o s s i b i l i t i e s of entry.
to
I n most
I n s t a n c e s c r o s s r e f e r e n c e guides i n d i c a t e a l t e r n a t i v e
list-
i n g s , b u t some necessary ones have undoubtedly been o m i t t e d *
A word o f apology should be made f o r the l a r g e
o f numbers a f t e r
the names o f c e r t a i n prominent
blocks
individuals
which have n o t been broken down i n t o s u b ~ e n t r i e s .
Many o f
the page r e f e r e n c e s i n c l u d e d i n these b l o c k s c o n t a i n o n l y
c a s u a l mentions o f the persons, or r e f e r e n c e s t o
a c t i v i t i e s i n u n i d e n t i f i a b l e connections*
their
While a f u r t h e r
breakdown would have been an a i d t o the user i n some cases,
i t would perhaps a l s o have c r e a t e d some c o n f u s i o n .
Finally,
the f o l l o w i n g l i s t has, been compiled t o
f u r n i s h a sampling o n l y o f the type o f e r r a t a t o be found
i n the I n v e n t o r y .
An a t t e m p t has been made t o c o r r e c t
e r r a t a i n the I n d e x , b u t e r r o r s u n q u e s t i o n a b l y s t i l l
all
remain.
-iiiSample E r r a t a
p.
4 9 , i t e m 33
For "Hammer" r e a d
p.
50, i t e m 7
For " H e f f e r i c h " r e a d
"Helfferich"
p . 119
For
"Puelicker"
p . 120, i t e m 15
For " E c h o l s " read
p . 125, i t e m 1 1
For "Bomersee" r e a d
"Pomerene"
p . 211, i t e m 25
For " C o r n h i l l " r e a d
"Cantrill"
p . 287, i t e m 1
For " A m e r i c a n " read
"Armenian"
p . 294
For "Bunsum" r e a d
p . 550, i t e m 2
For " H e a t h " read "Hasek"
p . 605, i t e m 50
For
"Hamlin"
"Preshaker" read
"Eccles"
"Bursum"
" F r a n k l i n " read " F r a n k l i n
Chappell
I N D E X
A b b o t t , Laurence W . , 363
Abent, V i r g i n i a ,
18?
Abernathy, W. S , , 286, 303
Academy of P o l i t i c a l Science, 20*+, 28*+
Acceptances, bank, 136, 2^9, 278
buying o f ,
260
d i s c o u n t i n g o f , 6 8 , 6 9 , 11^, M*6, 556
f o r r e d i s c o u n t i n g purposes, 273
powers o f ,
136
R a i l r o a d A d m i n i s t r a t i o n ' s , 26*+, 278
t r a d e , 138, 237, 2¥+, 2**9
Warburg's p o s i t i o n on, 135
Adams, A l v a B . , 5*+2
D. W . ,
136
K. C . , 2*+9
Addis, Charles,
362
Addison, W a l t e r B . , 1 9 2 , 215, 397
Admissions t a x ,
566
Advance. Lynchburg, V i r g i n i a ,
125, 192, 215
Advance. S t a t e n I s l a n d , Hew Y o r k , 533
Adventure in Constructive Finance,
1» 2 1 , 3 9 , 125, 159, 162, 212, 2 1 3 ,
385, 397, 5»+2, 6 1 1
Advertising,
l e g i s l a t i o n concerning, ^72
of cosmetics, ^-72
of drugs, k72
A d v e r t i s i n g , o f f o o d s , 472
o f l i q u o r by r a d i o , 555, 556
r a t e s o f , 567
tax on, 507, 567
A d v i s o r y Foard, 4 7 , 30
A g r i c u l t u r a l Adjustment A c t , amendments proposed t o , 42
A g r i c u l t u r a l Adjustment A d m i n i s t r a t i o n , 37
Agricultural fairs,
tax on admissions t o , 567
Agricultural financing,
244
Agricultural interests,
F e d e r a l Reserve System and, 354
l e g i s l a t i o n c o n c e r n i n g , 199
protective
t a r i f f s and, 198
A g r i c u l t u r a l l o a n s , 3 , 7 9 , 111-114, 135, 557
A g r i c u l t u r a l p u b l i c a t i o n s , 61, 70
A g r i c u l t u r a l p u r c h a s i n g power, 507
A g r i c u l t u r e , 58, 288, 411
c u r r e n c y i s s u e s f o r purposes o f , 110
" A g r i c u l t u r e B l o c , " 288
A i k e n , A l f r e d L . , 211, 418
A i l s w o r t h , Robert, 2
A i l w o r t h , A. L . ,
k09
Ainsworth, W i l l i a m N . , ko3
Alabama, 526
bankers,
75
banks, 58, 6 6 , 7 5 , 219
Alaska,
^92
coa}. resources o f ,
A l d e n , John B , ,
258
66
Alderman, Edwin A , , 1 , 3
A l d r i c h , Nelson W., 39, ^ 7 , 6 8 , 10^, 283
banking and currency l e g i s l a t i o n o f , 6 , 2 6 , 57, 597
F e d e r a l Reserve Act and, 6 , 6 6 , 6 8 , 130, 392
see a l s o A l d r i c h - V r e e l a n d Act ana A l d r i c h - V r e e l a n d
Winthrop W . , 602
Aldrieh b i l l ,
195
A l d r i e h P l a n , 166
A l d r i c h - V r e e l a n d A c t , 1+8
amendments proposed t o , H-8, l l * f
s e c u r i t y f o r c i r c u l a t i n g n o t e s , 115
Aldrich-Vreeland b i l l ,
Alexander,
9 1 , 12k
J . W . , 152
A l l e n , A l f r e d G . , 8 0 , 2^9
John Bateman,
W. H . ,
163
61
bill
-ItA l l i e d powers (World War X I ) , a i d f o r ,
Ambler, P e n n s y l v a n i a ,
5^6
167
American Acceptance C o u n c i l , 2^9
American Automobile A s s o c i a t i o n , M-70, 5^2
American Banker. 605
American Bankers A s s o c i a t i o n , 2 6 , 3 0 , 3 5 , MJ, 5 5 , 5 8 , 59,
67,
75, 9^, U ^ ,
153, 156, 1 6 8 , 1 9 9 , 2 0 6 , 2 2 1 , 237, 2*+l,
2k9, 267, 3 8 9 , 565, 60^
Currency Commission, 50
F e d e r a l L e g i s l a t i o n Committee, chairman o f ,
Journal,
153
5 0 , 130, 209
president o f ,
65
American Economic A s s o c i a t i o n , 2**9, 259
American Farm Bureau, MidAmerican Farm Bureau F e d e r a t i o n , 37*+
AmerlcaA F e d e r a t i o n of Labor, 7 ^ , 262, 263
p r e s i d e n t o f , 563 > 570
A m e r i c a h - H e l l e n l c Commercial C o r p o r a t i o n ,
238
American I n s t i t u t e of Banking, Richmond C h a p t e r , 279
American L e g i o n , 286
Norfolk, V i r g i n i a ,
organizations,
562
251
American Mortgage Company, M-
63,
-5American S t a t i s t i c a l A s s o c i a t i o n ,
Anchorage, A l a s k a ,
535
562
" A n d / o r , " Glass' complaint r e g a r d i n g ,
^56
Anderson, Benjamin M . , 2 9 , 586, 603
Henry, 397
J. Herbert,
Andrew,
60
,
A. P i a t t ,
7 , 7 7 , 8 0 , 105, ^83
A n n a p o l i s , Maryland, 25HA n t i - L y n c h i n g Law ( 1 9 3 5 ) , ^63
A n t i - S a l o o n League of America, b
Appomattox Park b i l l ,
*fS2
A p p r o p r i a t i o n b i l l s , *f99, 5^3
A p p r o p r i a t i o n s , * + l l , ^ 2 8 , *+70
f o r defense purposes,
Arizona,
Arkansas,
578
519
b92
banker i n ,
219
A r l i n g t o n Cemetery, 386,
560
Armenia, i n v a s i o n of by Turkey, 287
A r m i s t i c e Day, speech by Glass [ 1 9 2 3 ] ,
Armour, Ogden, 136
Arms, embargo on, 513,
51^
198
-6A r m s t r o n g , George W . , Crime £ f
Arson, Stockton,
' 2 0 , 287
215
Ashland, V i r g i n i a ,
598, 609
A s h u r s t , Thomas, 423
Asset c u r r e n c y ,
163
A s s o c i a t e d Leagues f o r a D e c l a r e d War, 533
A s s o c i a t e d P r e s s , 267
A t l a n t a , G e o r g i a , 119, 250, 609
F e d e r a l Reserve Bank O f , 1 2 , 139, 266, 269, 286
Governor o f ,
372
A u c h i n c l o s s , John W., 163
A u d i t i n g , o f government a c c o u n t s , 277
A u s t r i a , U n i t e d S t a t e s r e l i e f t o , 444
A u t o m o b i l e I n d u s t r y , l i m i t a t i o n on o u t p u t o f , 5 6 6 , 5 6 8 , 571
A w a i t , F . G . , 42
B
Babson, Robert W., 105
Roger, 252
Bache, J« S , , 6 1
Bacon-Shakespeare c o n t r o v e r s y , 4 0 8 , 414
B a i l e y , J , W,, 163
B a k e r , Newton D . , 1 , 2 , 237 f 052, 419
M r s . Newton D . , 347
Ray S , , 39 , 4 3 , 125 , 213
-7B a l l Rent B i l l ,
291
B a l t i m o r e , M a r y l a n d , 116, 200, 212, 252, 531
b a n k e r , 40
Commercial Bank, 240, 241
Nelson, Cook and Company, 161
newspaper, 40
Old Town N a t i o n a l Bank, 152
Sun, 58, 603
Bank acceptances, 136, 249, 278
Bank a f f i l i a t e s , 19, 120, 121
Bank B i l l o f 1935, 459, 476
amendments proposed t o , 459, 480, 486
Bank c a p i t a l ,
257
Bank checks, t a x on, 567
Bank c l e a r a n c e s ,
135
Bank commissioners, 535
Bank c o n v e n t i o n , 584
Bank d e p o s i t s , see Deposits, bank, eto«
Bank d i r e c t o r a t e s , Interlocking, 110, 111, 114, 132, 133, 135,
160, 161, 163, 606, 543, 653
Bank d i r e c t o r s , 78
Bank d i r e c t o r s , e l e c t i o n o f , 165, 167
l o a n s t o , 585
Bank earnings, 2 9 ,
98
Bank employees, loans t o ,
513
Bank examinations, 62, 106, 1*18, hyk, 506
Bank examiners, 195, 267, 277
s a l a r y and work load o f ,
00
Bank f a i l u r e s , ^9, 120, 199, 1*32, M+5, 507
F e d e r a l Reserve System and, 131
p r e v e n t i o n o f , ^26
Bank funds, f o r e d u c a t i o n a l purposes, 2^2
Bank holding companies, 1+98, ^99
Bank Holding Company h i l l ,
£0?
Bank h o l i d a y s , 16, 56^
Bank l o a n s , see under Federal Reserve banks, l o a n s , and under
Loans, bank
Bank mergers, 535, 536
Bank n o t e s , Issuance o f , 50, 106, 110,
national,
8 , 9 , 56, 11^, 118
redemption fund f o r ,
506
redemption o f ,
102
r e t i r e m e n t o f , 8 f 9 f 11^Bank of France, 2^
Bank of the United S t a t e s , First, 20
2hl
-9Bank of the United S t a t e s , Second, 20
Bank o f f i c e r s , loans t o , 6 9 , 201, 239, 2^5, 552, 585
Bank p r o f i t s ,
limitation of,
91
Bank r e c e i v e r s h i p s , 118, 156
Bank r e s e r v e s , 57, 65, 7 2 , 79, 136, 156
F e d e r a l Reserve notes a s , 66
i n t e r n a t i o n a l , 3*+
l o c a t i o n o f , 15*+
see a l s o , F e d e r a l Reserve banks, reserves o f , and Reserves
Bank shares, t a x on, 15^
Bank s t a t e m e n t , o f r e s o u r c e s and l i a b i l i t i e s ,
Bank s t o c k s , p o s s e s s i o n o f ,
Bank s u r p l u s , l a c k o f ,
586
156
115
Bank s u s p e n s i o n , 98
Bankers Magazine,
3 0 , 60
Banking, V6, 6 1 , 6 5 , 9 1 , 9 7 , 9 8 , 100, 102, 110, 122, 132,
156,
161*, 165, 2*f9, 35*+, *+21, *f23, ^25, *+26, »+37, ^38,
M+5, Mt6, »f52, *+53, k&Q, *f85, 505, 53^, 583
branch, 9 - 1 1 , 20, 2 1 , 2*f, 30, 5k, 65, 1 2 1 - 1 2 3 , 132, 133,
152-15 1 *,
156, 195, 218, 219, 221, 273, 310, 360, 361,
363, 390, 392, if 18, if37, M+5,
536, 5^1, 550, 553, 56*f, 58*+
companies, l e g i s l a t i o n a g a i n s t ,
f o r e i g n , k 9 f 273, 598
587
503,
505,
-10Banking, branch, independent banking and, 557
i n t e r s t a t e , legislation concerning, 546
legislation concerning, 39, 9 0 , 4 0 6 , 513, 546, 588
n a t i o n a l banks and, 10, 4 9 , 66
s t a t e banks and, 1 , 1Q, 11, 360
s t a t e laws concerning, 1 0 , 545
i t a t e l i n e s and, 548
c a l l loans, 77
chain ? 505
check collection, see Check collection
commercial, system of, 13
c o n d i t i o n s , Willis, opinion on European I n t e r p r e t a t i o n of,
Congressional system o f , 18
d e p o s i t s , guarantee o f , 166, 168
exchange charges, 206, 307
facilities,
138
American, I n f o r e i g n c o u n t r i e s , 134
on military reservations, 587
foreign accounts, 50
government control of, 63
government securities used I n , 539
group, 98
Independent system ef 9 557
I n t e r e s t r a t e s , see under I n t e r e s t
rates
-11B a n k i n g , l e g i s l a t i o n , 4 , 7 , 19, 29, 50, 59, 60, 6 3 , 68, 7 4 , 7 7 , 9 4 ,
122, 127, 128, 217, 283, 361, 399,
401, 406, 412, 414, 423, 429, 448,
453, 455, 4 7 5 , 485, 486, 563, 583-588, 607
m a t u r i t y o f paper h e l d by banks, 54
overhead, 474
p o l i t i c a l c o n t r o l o f , 603
Post O f f i c e r e g u l a t i o n s o f , 168
p r a c t i c e s o f , 5 3 , 135, 158, 360, 412
r e f o r m o f , 4 6 , 5 0 , 5 9 , 62, 63, 102, 105, 198, 437, 438, 450, 452,
536, 542
see a l s o C u r r e n c y , r e f o r m o f
r e g i o n a l concept o f , 50
regulations f o r ,
513
schemes o f , 411
s u r p l u s a c c o u n t s , 54
w a r t i m e , 220
Banking A c t o f 1930, 423
Banking A c t o f 1933, amendments t o , 457, 486
Banking A c t o f 1934, 603
Banking A c t o f 1935, 122, 475
Banking A c t s , see U n i t e d S t a t e s , Congress, A c t s ,
Banking B i l l ,
1932, 539
Banking B i l l ,
1935, 600, 601, 603, 604
Banking Law J o u r n a l , 56
banking
12
Bankruptcy, 1X8, 2^9
l e g i s l a t i o n concerning, 291, ^72
Banks, accounts payable by, 125
Alabama, 58, 6 6 , 7 5 , 219
a u x i l i a r y r e d i s c o u n t i n p , 538
B a l t i m o r e , Maryland, Commercial Bank, 2*+0?
Old Town N a t i o n a l Bank, 152
Bank of France, 2*+
B e e v i l l e , Texas, Commercial N a t i o n a l Bank, 152
Bound Brook, New Jersey, F i r s t N a t i o n a l Bank o f ,
152
B r a d f o r d , F i r s t N a t i o n a l Bank o f , 152
Brookings, Oregon, S t a t e Bank o f , 373
Brooklyn, I@w York, F i r s t N a t i o n a l Bank, 152
B u r l i n g t o n 5 fforth C a r o l i n a , N a t i o n a l Bank o f , 550
C a l i f o r n i a , 6 3 , 79
Camden, New Jersey, Deposit and Trust Company, 153
Canada, 75
central,
61
V a n d e r l i p p l a n , 1 0 6 , 316
C e n t r a l Bank of the United S t a t e s , p l a n f o r ,
Chicago, I l l i n o i s ,
60
7 5 , 9*+, 153, 160, 166
C o n t i n e n t a l and Commercial N a t i o n a l Bank o f , 1+7, 136, 22k
F i r s t N a t i o n a l Bank of Englewood, 160
Merchants Loan and Trust Company, *+9
-13Banks, C h i c a g o , N a t i o n a l C i t y Bank o f , 62
Northern Trust Company,
Washington Park N a t i o n a l Bank o f , 153
West Englewood Ashland S t a t e Bank o f ,
153
C i n c i n n a t i , Ohio, F i f t h and T h i r d N a t i o n a l Bank o f ,
Commercial,
13,
i n v e s t m e n t companies a n d , 602
Underwriting hy,
country,
2b
56, 93
Denver, Colorado, West Side S t a t e Bank o f ,
153
Deutsche Bank, 50
e x p o r t - i m p o r t hanks, *+99
Fairmount, C i t i z e n s bank o f ,
550
F e d e r a l Home Loan Banks, 278, 5^3
F e d e r a l I n t e r m e d i a t e C r e d i t Banks, 18
F e d e r a l Land Banks, 552
F e d e r a l Reserve, see F e d e r a l Reserve banks
F i r s t Bank of the U n i t e d S t a t e s , 20
F l i n t , Michigan, M-8
f o r e i g n , 9 , 50, M-72
f o r e i g n bonds i n the assets o f , 125
Grand Rapids, Michigan, Old N a t i o n a l Bank o f , 15*+
J o i n t Stock Land Banks, ^11
-1WBanks, Kansas C i t y , M i s s o u r i , Westport Avenue Bank, 152
liquidation of,
61
Los Angeles, C a l i f o r n i a , Farmers and Merchants N a t i o n a l Bank of
Lynchburg, V i r g i n i a ,
163, 2^2
I n d u s t r i a l Savings and Loan C o r p o r a t i o n ,
335
N a t i o n a l Bank o f , government deposits a t ,
Maryland, Union T r u s t Company o f ,
M i n n e a p o l i s , Minnesota,
Missouri,
280
5^3
165
160
Mortgage Discount Bank, 13
mutual s a v i n g s ,
220
80,
national,
55,
7 2 , « 9 8 , 103, 105, 1 1 1 - 1 1 3 , 118, 128, 132, 135
15^, 155, 157, 167, 195, '201, 209, 2 1 6 - 2 1 9 , 2 2 3 ,
bonds o f ,
7
branch banking o f , 1 0 ,
charters f o r ,
56
103, 118, 1 1 9 , 296
c o l l e c t i o n of exchange charges by, b7
deposits o f , 6 5 , 6 9 , 103
d i r e c t o r s o f , i n d e m n i f i c a t i o n o f , 586,
dividends o f ,
587
550
e l e c t i o n of d i r e c t o r s f o r ,
!0*+
F e d e r a l Deposit Insurance C o r p o r a t i o n and, M-86
F e d e r a l Reserve System and, 7 , 8 , 3 3 , i*9, 6 8 , 216
22k
-15Banks, n a t i o n a l ,
f o r e i g n branches o f , 1*9
insurance f u n c t i o n s o f , 195, 201
investment s e c u r i t i e s i n ,
18
investments by, 135
6*f
296,
l e g i s l a t i o n concerning, 1*2,* 103, 118,* 1*87, 582, 586
loans o f , 9 2 , 277
loans t o d i r e c t o r s o f ,
notes o f , 8 , 9 ,
69
56
issuance o f , 2*+l
redemption fund f o r ,
506
retirement of, 8, 9,
11^
ownership of stocks by, 50
perpetual charters f o r ,
reserves o f ,
296
5 6 , 153
savings departments o f , M3, 56
stock s u b s c r i p t i o n by, 93
t a x a t i o n o f , 6 6 , 1 6 8 , 33^, 368, 1+87, 610
time d e p o s i t s o f ,
270
t r u s t e e f u n c t i o n s o f , 218, 221
unclaimed deposits i n ,
508
N a t i o n a l C i t y Bank, 1*52
N a t i o n a l Land Bank and Insurance Company, p l a n f o r a ,
115
N a t i o n a l Land Mortgage Bank, p l a n f o r e s t a b l i s h m e n t o f ,
N a t i o n a l Wool Acceptance Bank, p l a n f o r a , 1*1
112
-16Banks, New J e r s e y , 63
New York, 6 3 , 7 5 , 198, 199, 260, 537, 587
New York C i t y , New York, Chase National Bank of, 2 9 , 22*+, 602
F i f t h N a t i o n a l Bank o f , 267
F i r s t N a t i o n a l Bank o f ,
Greenwich Bank o f ,
239
56
N a t i o n a l Bank of Commerce, 258, 267
N a t i o n a l Bank of North America, 77
N a t i o n a l C i t y Bank o f , 1+7, 6*+, 6 6 , 7 5 , 22*+, 239, 2 7 3 , 452
P a r k s l e y , V i r g i n i a , N a t i o n a l Bank o f , 1+2
Passaic, New Jersey, Merchant® Bank o f , **8,
13I+, 208
P h i l a d e l p h i a , Pennsylvania, 165
Corn Exchange N a t i o n a l Bank, 79, 218
G l r a r d N a t i o n a l Bank, 206
P o s t a l Saving Banks, 133
P r i n c e t o n , New Jersey, Bank and Trust Company, 239
regional i n d u s t r i a l ,
proposed establishment o f , 508, 509
r e g i o n a l r e s e r v e , c o n t r o l o f , 10?
Richmond, V i r g i n i a , 220, 398
R i v e r s i d e , New Jersey, N a t i o n a l Bank o f , 2*+2
S t . P a u l , Minnesota, American N a t i o n a l Bank o f , 250
savings, 58, 59, 6 3 , 103, 105
savings departments, segregation o f , 6*+
-17Banks, S e a t t l e , Washington, n a t i o n a l Bank, 222
Second Bank o f the United S t a t e s , 20
S h e f f i e l d , Pennsylvania, N a t i o n a l Bank, 59
S o u t h American, 50
S t a t e , 5*+, 6 5 , 9 8 , 105, 110, 111, 1 1 3 - 1 1 6 , 118, 133, 135, 137? 159 5
172, 262, 361
Bank b i l l of 1935 and, **59
branch banking o f , 1 0 , 11, 360
commissioners o f ,
535
F e d e r a l Reserve System aad, H ,
12, 1 8 , 2 1 , W7,
159, 221, 228, 2 i +0, Zkk% 2^5, 257,
135, 137?
W80, 588, 600
insuranoe o f , *+62
I n t e r e s t r a t e s on time deposits charged by, 12
t a x on, 610
Syracuse, New Jersey, F i r s t Trust and Deposit Company, 266
taxation of,
118
Trenton, New Jersey, 95
Utah, 1+59
Virginia,
172
Washington, D , C . , I n t e r n a t i o n a l Banks o f , 355
Winchester, V i r g i n i a ,
55^
B a n n i s t e r , Mrs. B l a i r , 2**7, **83i
W
Barber shops, hours f o r opening o f , 569
-18Barham, J , L . ,
291
B a r k e r , Wharton, 102
B a r k l e y , Alben,
583
B a r r y , Joseph F . ,
289
Baruch, Bernard, 1 , 2 , 201, 2 1 5 , 2*f8, 301,
590, 59»+, 61^
Taking the Profits Out of War,
1
B a s s e t t , George, 78
B a t t l e , W i l l i a m S . , 237, 38^, **62
B a t y , E. M . , ^>3
B a y l e y , George, 136, 152
B e a l e , H. N . ,
292
B e a s l e y , Norman, 9 8 , 5**5, 558
Beck, James M . , U-51
B e c k h a r t , B. H . ,
125
Bedford, V i r g i n i a , postmaster o f , 610
Beer b i l l ,
o p p o s i t i o n t o , *f55
B e e v i l l e , Texas, Commercial N a t i o n a l Bank, 152
Belgium, a i d from f o r Gernan r e c o v e r y ,
B e l l , D. w . ,
581, 58^,
586-588
Bendix, Ludwlg, 7**, 8 0 , 8 l ,
B e n n e t t , Frank P . , 252
Benson, Ezra T., 567
102
250
* H 8 , 1*20, W62, 529,
-19B e r r i e n , C. R . , 157
B e t h e a , L. F . , 588
Biermann, F r e d , 557
Bilbo,
Theodore G . , 549
B i l l o f l a d i n ? d r a f t s , 10
Birmingham, Alabama, 61
B l a c k , Eugene, 415, 462
E. R . , 4 3 , 161
Hugo, 521, 530
Elack m a r k e t s , 591, 593
B l a c k s t o n e I n s t i t u t e , p r e s i d e n t o p , 128
B l a d e , T o l e d o , Ohio, 598
B l a k e y , L. J . ,
550
B l a n d , Schuyler 0 . , 42, 419, 485
Blandy, I .
C . , 529
Blue Ridge Park S k y l i n e D r i v e , 474, 432
Blue Ridge Parkway, a p p r o p r i a t i o n s f o r , 545
Boards o f d i r e c t o r s , c u m u l a t i v e v o t i n ? f o r , 78
"Board o f R e g e n t s , " 36
B o a t w r i g h t ,M r f , D l l l a r d , 7
f a m i l y , 483
Bogen", J u l e s I . ,
125
-20Boiling,
John Randolph, 125
Bomersee, A t l e e ,
125
Bonds, as e l i g i b l e paper,
538
Cuban, 125
defense,
E,
581
26k
f o r e i g n , 125, 253, ^20
gold,
2k
government, 7 , 6 8 , 7k,
price of,
9 3 , 100, 2^9, 255, 262
529
r a t e of i n t e r e s t on,
55k
government c o n f i s c a t i o n o f ,
Liberty,
108, 209, 216, 221, 237, 2^0, 253, 37^
municipal,
92
t a x on, 512, 577
premium,
railroad,
state,
26k
219
92
t a x on, 577
t a x on, 278
Bonus, *+60
Bonus b i l l ,
71
of 1 9 3 S
of 1935, ^63
o f 1 9 3 6 , **59
Ml
-21Bonynge, Robert W . , 7
Book of the I n d u s t r i a l R e p u b l i c . 66
Books, p o s t a l r a t e s on, 566, 567
Borah, W i l l i a m E . , 2 6 , **25, ^ 2 ,
Borah-O'Mahoney Licensing B i l l ,
W89, 6lW
o p p o s i t i o n t o , 5lM>
B o r a l i , W. E . , 397
Borland, West V i r g i n i a , Westport Avenue Bank, 152
Boss, W i l l i a m L . ,
110
Boston, Massachusetts,
252
F e d e r a l Reserve Bank o f , 1 1 , 211
Herald,
605
T r a n s c r i p t , 2k,
k9,
216
Bosworth, C. H . , 136
Bound Brook, New Jersey, F i r s t N a t i o n a l Bank o f , 152
Bowdle, S t a n l e y E . ,
252
Bowers, George M . , 237
Bowles, C h e s t e r , ^85, 591, 592, 59*t
Bowman, J . T . ,
132
Bradford, F i r s t N a t i o n a l Bank o f , 152
«Brtain T r u s t , " 596, 597
Braman, Dwlght, 252
Branch, B l y t h e W . , 556
John K e r r , 253
-22Branch banking, see Banking,
Brand, C. A . ,
206
Charles H . ,
237
B r a n d e i s , Louis D . ,
branch
276
Branson, E. C . , ^20
Bremerton, Washington, 108
Brennan, M. P . , 5*+7
B r e n t , Prank P . ,
129
B r e t t o n Woods, 585
Bricker,
John W . , 163
Bridges, Robert,
155
Bristol, Virginia,
Herald
Courrier
270
B r i s t o w , M. E . , 1+23, ^59, *+62
B r i t i s h Columbia, 522
B r i t i s h Debt Refund B i l l ,
Brittan,
John S . ,
Brokers'
l o a n s , 602-60*+
610.
136
B r o o k h a r t , Smith Wf,
19
Brookings, Oregon, S t a t e Bank o f , 373
Brookings I n s t i t u t i o n ,
511
B r o o k l y n , New Y o r k , F i r s t N a t i o n a l Bank,
Broughton, W, S , ,
253
Brown, Edward S , ,
71
George S t e w a r t , 1+25
John, m i l i t a r y p a r k , k&Z
-23Brown, P r e n t i s s ,
592
Bruce, W i l l i a m C . , M)
Bruch, T . G . , ^62
Bryan, George, 15^, 168
John S t e w a r t , 1 , 313, k&3 y 590, 602
W i l l i a m Jennings, 2 1 , 52, 6 3 , 7 0 , 103, 167, 253, 272, ^62, 598
Bucket-shop o p e r a t o r , 283
Budget, balancing of t h e , k-78f 507
B u l k l e y , Robert J . , 32, 50, 7 k , I l k ,
Bulkley r u r a l credits b i l l ,
115, 168, 2**9,
Ilk
B u l l i o n , embargo on, 20^
Burch s a l a r y and Longevity b i l l ,
Bureau of Labor S t a t i s t i c s , 507
567
cost of l i v i n g i n d e x , 360
Burger,
Mr.,
262
Burgess, W. Randolph, 538, 583
Burke, E. S . , J r . ,
James F . ,
255
102
John, 255, 258
Burleson, A* S . ,
125
B u r l i n g t o n , North C a r o l i n a , N a t i o n a l Bank o f ,
Burroughs, A. H . , 290
Bursum, H. 0 . , 29*+
Bursum b i l l ,
29k
550
M8
B u r t o n , Theodore E . , 7 , 211, 278
Bus h i l l ,
^22
Business, c o n d i t i o n s o f ,
credit for,
260
508
f a i l u r e o f , 69
governmei.it compete t i o n w i t h ,
government c o n t r o l o f ,
511
5^5
government i n t e r f e r e n c e w i t h , 1*78, 515
recovery o f ,
530
Business concerns, types o f , i n United S t a t e s ,
209
Business Week, 605
Byans, J . Cloyd, 607
B y e r l y , M r . , W01
Byrd, H a r r y F . , 2 , 2 0 , 25, **0, 198, 2 8 3 , 3 6 6 , 38^, 3 8 6 , 390, 1*20,
M*o, ^51, **62,
1*82, W 3 , W ,
551, 55^, 565, 590, 613, 6l»*
Richard E . , 7 , 39
Byrnes, James F , , 7 1 *, 397, 389,
590
G
Cabb, F r a n k ,
C a b l e , H. H . ,
397
363
Cable and Company, *+01
W9, W ,
>+99, 529,
5^2,
-25C a h i l l , M. H . ,
605
C a l d e r , W i l l i a m M . , 221
Calder b i l l ,
296
C a l i f o r n i a , 7 7 , 291, 523
bankers, 59, 63
banking, branch, 10, 21
laws o f ,
10
banks, 63, 79
C a l i f o r n i a Bankers A s s o c i a t i o n , 80
C a l l l o a n s , 77
C a l l money, i n t e r e s t r a t e s on, 2^3
C a l w e l l , Charles S . ,
79,
Camden, New Jersey, Deposit and Trust Company, 153
Campana Sales Company, 553
Campbell, S. W., 210
Canada, 518
bank, 75
Candy, t a x a t i o n on, *+60
Canneries, F a i r Labor Standards Act amendments and, 57k
Cannon, James, 3 , 81, 128, 187, 38^1 387, *K>8, 596, 597, 602,
601+, 607, 608, 611
case o f , *+00-M)5, ^13, k l k , W ,
Cantrill,
J, C,,
211
1+36, 600, 608
-26C a p i t a l Issues Committee, 273
Capper, A r t h u r , 7 , 381*
Carney, Joseph P . ,
C a r t e r , C. D . , 255
Case, J . H . ,
Ifl8
C a s s e l , R. B . , 1+19
Castle R e a l t y Corporation,
593
Cates, Dudley, 255
C a t t l e i n s p e c t i o n , 39, 200
C a t t l e i n s p e c t o r s , 9 8 , 189
C a t t l e p r i c e s , O f f i c e of P r i c e A d m i n i s t r a t i o n ' s r e g u l a t i o n o f ,
592
C e c i l , Lord Robert, 610
Census, methods i n t a k i n g t h e , 556
Census of 19^0, 556
C e n t r a l Bank of the United S t a t e s , p l a n f o r a , 60
C e n t r a l banking, Federal Reserve System and, 102, lO^t-, 106, 108
C e n t r a l Warehouse Lumber Company, Minnesota T r a n s f e r , Minnesota, 163
Centralization,
511, 5^+
Chain Store Tax B i l l ,
503
Chain s t o r e s , l e g i s l a t i o n concerning, 5^6, 557
monopoly powers o f , 5^6
t a x on, 5 1 S
515
Chamberlain, A. E . , ^8^
Chamberlain, George E . , 247
Harlow H . , 46
Chambers o f Commerce, 46
see a l s o under names o f
cities
Chapman, Mrs. Jean, 403
John M., 633
C h a p p e l l , F r a n k l i n , 606
Charity organizations,
Charlottesville,
tax exemption o f , 668
Virginia,
544
Chamber o f Commerce, 130
Chase S e c u r i t i e s C o r p o r a t i o n ,
Check c l e a r a n c e , 10, 22,
New York C i t y , New Y o r k , ^02
47, 54, 66, 133, 208, 374, 611, 244,
245
a t p a r , 10, 12, 5 8 , 66, 212, 421, 585, * 1 1
Check c o l l e c t i o n ,
a t p a r , 64, 66, 119, 136, 138, 152, 201-209,
223,
286, 298
exchange charges o f , 58, 65, 136, 137, 139, 202, 206, 209, 216,
221, 274, 293, 372, 585
F e d e r a l Reserve System and, 12, 206, 207, 209
Checks, c e r t i f i e d ,
183
t a x a t i o n o f , 431, 567
Chemicals, d u t y on, 303
Chenery, Nelson, 24
C h e r r i n g t o n , E r n e s t , 402
-28Chicago, I l l i n o i s 9
30, 61, 199, 200, 561
bankers s 7 7 , 223
banks, 75, 9>+, 153
C o n t i n e n t a l and Commercial N a t i o n a l Bank o f , *+7f 22b
F e d e r a l Reserve Bank o f , 136, 137, 269
chairman o f , 26?
F i r s t N a t i o n a l Bank o f Englewood, 160
Merchants Loan and T r u s t Company, ^9
N a t i o n a l C i t y Bank o f , 62
N o r t h e r n T r u s t Company of ?
postmaster
Tribune,
of,
136, 137, 238, 563, 598
Washington Park N a t i o n a l Bank o f , 153
West Englewood Ashland S t a t e Bank o f , 153
Chicago Commerce <, 22b
C h i l d l a b o r , l e g i s l a t i o n c o n c e r n i n g , 298, 368
C h i l d r e n ' s Bureau, b22
C h i l d s (Co F „ ) and Company, 68
C h i n a , Japanese a g g r e s s i o n i n ,
555
C h i r o p r a c t o r s , l i c e n s i n g o f , 568
Chitwood, J . H . , 298
Cholmeley-Jones, R. Go, 267
C h o l o n e r , John A 0 ? 215
C h r i s t i a n , Ea A.« 3
C h r i s t i a n s b u r g , V i r g i n i a , h©Bk? 191
Montgomery Messenger, 72
268
-29Chroniccle, 66
C i g a r e t t e s , t a x on, ^ 6 0 , 566
C i n c i n n a t i , Ohio, 2^9
F i f t h and T h i r d N a t i o n a l Bank o f , 153
Circulating currency,
ll*f
Circulating notes, security f o r ,
Civil liberties,
llh
l e g i s l a t i o n concerning,
5^7
C i v i l S e r v i c e Commission, 271
o f f i c i a l s o f t h e , b9&
C i v i l Service examinations,
271
C i v i l S e r v i c e laws, quota system f o r states under,
C i v i l War, damage claims, 558
C l a r k , Champ, 7, 101, 163
Fred C . , 605
John.Bates, 130
Robert S t e r l i n g , 125
Clay, W i l l i a m W., 57, 59
Clayton, Henry, 69
Clayton Act, amendments suggested t o , 133, 135
Clayton A n t i t r u s t A c t , 270, 506
Clayton b i l l ,
69, 110, 506
Clearing houses, 56, 60
Cleveland, Ohio, banker, 263
Chamber of Commerce, 577
Federal Reserve Bank of-, 269
-30Closed shop, 558, 563, 577
Coal, bituminous,
7
i n A l a s k a , 258
p r i c i n g o f , 238, 556
Coal i n d u s t r y , 269, 296
Coal o p e r a t o r s ,
Cobb, C. L . ,
576
211
Code systems, *+8l
Coffee i n d u s t r y , O f f i c e of P r i c e A d m i n i s t r a t i o n and,
C o f f i n , George M . , 163, 297
Cohen, M o r r i s , 239
Coin, 3b
embargo on, 20*+
g o l d , see under Gold c o i n
Coinage, of s i l v e r , 216, 270
Colby, B a i n b r i d g e , >+89
Cole, Dorsey, 588
C o l l e c t i o n d i s t r i c t s , reassignment o f ,
265
C o l l i n s , Charles W., 389, M)6, >+21, 56"+
Colorado, 519
Columbia U n i v e r s i t y ,
533» 5^0, 51+3
Columbus, Ohio, Evening Dispatch, 6 0 , 557
-31Commerce , i n t e r s t a t e ,
fair
13 t 17, 6 9 ,
trade c o n t r a c t s i n ,
280
576
see a l s o under I n t e r s t a t e
Commerce
Commerce and I n d u s t r y A s s o c i a t i o n o f New Y o r k ,
591
Commercial and F i n a n c i a l C h r o n i c l e , 123, 132, 152, 242, 373
Commercial b a n k s , 1 3 , 24, 602
Commercial l o a n s , 135
Commercial p a p e r , 7 4 , 113, 115, 136
"Committee o f One H u n d r e d , " 43
Commedity d o l l a r ,
534
Commodity i n d e x , i n t e r n a t i o n a l ,
249
Commodity p a p e r , 53
Commodity p r i c e i n d e x , 59
Communism, defense a g a i n s t , 543
Conant, C h a r l e s A * , 104, 110, 163
A H i s t o r y o f Modern Banks o f I s s u e ,
James B . ,
163
573
Congress o f I n d u s t r i a l O r g a n i z a t i o n ,
574
C o n g r e s s i o n a l R e c o r d , 7 , 37, 50, 6 8 , 6 9 , 199, 218, 234, 374, 5 0 7 ,
541, 554
C o n n a l l y , Thomas, 577
Connecticut,
221, 519
Connor, James, J r . ,
43
Construction industry,
274
-32Consumer goods t a x ,
Containers,
567
f o o d and d r u g , ?19
C o n t i n e n t a l Defense F o r c e , suggestion for a ,
C o n t i n e n t a l I n s u r a n c e Company, of New York f
Convicts,
on r o a d f o r c e s ,
396
Convoys, 567
Conway, Thomas, 135
Cook C o u n t y , 153
Bankers A s s o c i a t i o n ,
^3
Cooksey, George R * , 255
C o o l i d g e , C a l v i n , 3* 8 ,
T. J . ,
212, 252i 387, 610
12h
Copeland, R o y a l So, **72
Copeland b i l l ,
^72
Copper, A r t h u r ,
bhO
Copper-Kelley b i l l ,
**55
Copper Resale B i l l ,
^28
Corcoran
Thomas G * , 605
C o m Exchange N a t i o n a l Bank, 791 2X8
C o r p o r a t e income t a x e s ,
Corporate s e c u r i t i e s ,
Corporations,
Corrington,
219
M u r r a y , 56
368, 386
30^
-33Cosmetics, a d v e r t i s i n g o f , >+72
Cost absorption, O f f i c e of Price A d m i n i s t r a t i o n ' s p o l i c y o f , 591, 592
Cotton, bale coverings f o r , 5^9
issuance of Federal Reserve notes to producers o f , 71
loans on, 115
p a r i t y prices f o r , 510
Cotton farmers, a i d t o , 360
Cotton i n d u s t r y , 71, 113, 115, 270
Reciprocal Trade Agreements and, 553
Cotton seed o i l , c e i l i n g p r i c e ,
Court Packing B i l l ,
571
515, 532, 597-599
Couzens, James, 387, ^89
Cox, W. A . , V8*+
Crab f i s h i n g , 503
Craddock, John W., 271
C r a v a t t , W. M., 1+03
Crawford-Fulzer b i l l ,
162
Creasy, W i l l i a m T . , 152
C r e d i t , 121, 122, 128, 158, 160, 27*+
contamination o f , 56*+
c o n t r o l o f , *+75, 60*+
expansion o f , 30, 31
-accredit,
facilities
o f , 55>+
farm, 100
for dairying,
136
l e g i s l a t i o n concerning, 239, 609
F e d e r a l Reserve,
foreign,
125
125
installment,
568,
580
l a n d , l e g i s l a t i o n concerning, 13*+
l i b e r t y bonds a s , 216
national,
*+l8
p o l i t i c a l control of,
relief,
600
373
restraint
of,
r u r a l , 102, 10>+, l l V ,
133-138,
152
l e g i s l a t i o n on, 1 3 2 - 1 3 7 , 1 6 5 , 1 6 7 , 168
s t r u c t u r e o f , 1 6 , 605
system o f ,
5^7
Credit unions,
133
Cromwell, W. C . ,
77
Conin, N e i l M», 6
C r o n k h i t e , Major G e n e r a l , 6 0 7 , 609
Crowley, Leo, 7 , 361, ^62, *f76, 1*89, 506, 5^2,
Crozier, Alfred 0 . ,
Cuba, bonds o f ,
77
125
currency s i t u a t i o n i n ,
269
58^-588
-35C u c u l l u , A l l e n , 153, 163, 237, 238
Cudahy, John, 152
Cummings, A. P . ,
110
Currency, 2 6 , *+5, 6 3 , 6 9 , 7 2 , 7 b , 7 8 , 9 1 , 1 0 2 , 110, 1 1 5 , 132,
136,
15b, 1 6 3 - 1 6 5 , 213, 259, 38 1 *, >+21, >+23, M+5, M+6, ^ 5 3 , ^ 3 0 ,
>+85, 505, 53>+» 583
asset,
163
bond-secured,
536
c i r c u l a t i o n of, decline i n ,
deflation,
62
5, 1 6 , 350
devaluation of,
505 , 508 , 530 , 5^1,
frk,
558, 566, 567, 583, 58*+
embargo on, 20>+
foreign,
1 0 , 27b
s t a b i l i z a t i o n fund f o r ,
four d o l l a r b i l l s ,
inflation,
509
257
112
issuance o f , 7 , 3>b, W8, 56, 5 7 , 59, 7 1 , 7 S
113, 220,
538
l e g i s l a t i o n concerning, 7 , 1^, 28, 3 3 , **5, * + 8 - 5 0 ^ 5 7 , 6 1 , 6 3 ,
68,
6 9 , 7 1 , 7 2 , 7 7 , 7 8 , 8 0 , 9 1 , 105, 11*+, 1 2 8 , ^ 1 6 7 , 271, 327,
>*55, 58>+, 5 8 3 - 5 8 8 , 599, 607
see a l s o Currency B i l l ; and Currency B i l l of 1913
one d o l l a r b i l l s , 211
r e f o r m o f , 1 , 1+6, >+9, 59, 6 0 , 6 8 , 7 7 , 8 0 , 9 2 , 102, 105, 12*+
r e t i r e m e n t of "government 2 ' s , ' ' 93
361,
-36Currency, shortage o f ,
221
stabilization of, 9
93
two d o l l a r
bills,^ll^
see a l s o D o l l a r ; Gold; I n f l a t i o n ; S i l v e r ; U n i t e d S t a t e s ,
Bills,
Currency B i l l ,
Congress,
Currency
32, 33, ^ 6 - 5 9 , 62, 63, 102, 105, 167, 168, 198, 266,
598, 599
Bryan and, 598
f i n a l form o f , 165
o p p o s i t i o n t o , 78, *+55
r e d i s c o u n t p r o v i s i o n s o f , 56
see a l s o United S t a t e s , Congress, B i l l s ,
Currency B i l l of 1913,
Currency
60-6*f, 68, 69, 7 ^ - 7 6 , 7 8 - 8 1 , 9 1 - 9 6 , 99,
102-108, 12*+, 167, 597
a u t h o r s h i p o f , 61, 72
i n d e x t o , 68
o p p o s i t i o n t o , 71, 80, 597
C u r t i s , A l f o r d H . , 77
C h a r l e s , 20
D
D a i g e r , J . M . , 125
Daily B u l l e t i n .
275
D a i l y H e r a l d . P a s s a i c , New J e r s e y , 13*+
D a i l y News. New York C i t y , New York, 598
D a i l y P r e s s . Newport News, V i r g i n i a ,
598
D a i r y p r o d u c e r s , Wages and Hours Law and, 566
Dairymen's League, 5^7
-37D a l l a s , Texas, 213
Federal Reserve Bank o f , 10, 389
government o f , 217, 245, 266
D a n i e l , Ned, 402
D a n i e l s , John, 614
Josephus, 4 , 13, 39, 266, 280
Our Navy a t War, 280.
D a n v i l l e , V i r g i n i a , 562
Darden, Colgate W., 283, 415, 489, 498, 665, 590
Darrow, F. L . ,
71
D a v i s , George H . , 585
J . Lee, 402
James T . , 576
John W., 281, 605
Norman H . , 16, 204, 256, 390
Richard B . , 128
Thomas D . , 302
Westmoreland, 33, 270
Dawes, Charles G . , 20, 275
D a y l i g h t savings t i m e , 566-569
Deal, J . T . , 384
Debt, n a t i o n a l , 59, 552
Debt Funding Commission, 15
-38Debt funding o p e r a t i o n s ,
Debts, B r i t i s h ,
598
t o United S t a t e s ,
198
f o r e i g n , t o U n i t e d S t a t e s , 279, 320, 3 6 6 , 387, *+23
refunding o f ,
273
international,
320
w a r , 260, W f ,
610
r e v i s i o n o f , *+32, 601
Defense, n a t i o n a l , k o 8 , 513, 5**7, 5^8, 5 5 1 , 562,
Defense bonds,
581
Defense housing, l e g i s l a t i o n concerning,
Defense i n d u s t r i e s ,
D e f i c i t finance,
563
t a x a t i o n of employees o f ,
Defense stamps, issuance o f ,
Deflation,
578
563
586
511, 5^3
of c u r r e n c y , 5 , 1 6 , 350
D e i t r i c k , George W . ,
11
De La M e t e r , John, 2^7
Delano, F . A . ,
6 6 , 7 1 , 132, 137, 153, 15^, 208, 2*+6, 2 5 1 , 256,
26>+, 271, 275, 276, 3 6 0 , 392, 5^9, 551, 598
Delaware, *+92
DelBoab, P i e r r e ,
2k
Democratic P a r t y , 2 6 9 , **20, 561
A l d r i c h b i l l and, 597
campaign [ 1 9 1 2 ] , ^ 7 , 100
258,
-39Democratic P a r t y , campaign [ 1 9 2 0 ] , 305, 607
[ 1 9 2 2 ] , 305, 379
[ 1 9 2 3 - 2 * 0 , 379, 607
[1928],
390, 393, 396
[1932],
500
[1936],
607
caucus, currency l e g i s l a t i o n ,
63
convention [ 1 9 2 0 ] , 285, 305, **20
[ 1 9 2 * 0 , 1 , 2 , 1 5 , 379, 607
[1936],
199, 595
[19*K>], 381, 1*98, W99, 613
contentions,
595
n a t i o n a l committee, 1 3 , 1 7 , 2 6 , 257, 3 0 1 , 30*+, 305,
379,
chairmen o f , 6 6 , 22*+, 611
e l e c t i o n [ 1 9 2 8 ] , 60*+
[ 1 9 ^ 0 ] , *+99
F e d e r a l Reserve Act and, 66
F e d e r a l Reserve Board of Governors and, 1 5 7 , 158, 603
J e f f e r s o n i a n p r i n c i p l e s and, 529
l e t t e r s to p a r t y workers [ 1 9 2 9 ] ,
morale o f ,
5
patronage and, 595
595
-i+o-
Democratic P a r t y , p a r t y matters o f , 26*+, 4-07, 595
p l a t f o r m [ 1 9 1 2 ] , 10*+
[1920],
30^
[192W], 1, 2
[1928],
393
[ 1 9 3 2 ] , i+19
[193^],
53^
primary e l e c t i o n ,
[ 1 9 1 2 ] , 83, 8 5 - 8 8 , 169
p u b l i c i t y [ 1 9 2 0 ] , 30*+
r e l i e f and, 595
Virginia,
see V i r g i n i a , Democratic
Party
World War I peace t r e a t y and, 271
Denison, E. E . ,
Denison b i l l ,
Dentistry,
30k
30I+
553
Denver, Colorado, West Side S t a t e Bank o f , 153
D e p o s i t o r i e s , government, 100
D e p o s i t s , guarantee o f , 29, 50, 53, 59, 6 9 , 7 2 , 103, IOC, 131+, 137,
163, 165, 166, 168, 210, 219, 2 3 8 , 3$1, **06, 1+26, 1+32, 1+38,
1+1+3, k7k,
1+75, 516, 561+, 53*+, 601
government, 2 2 , 280
-lflD e p o s i t s , insurance o f ,
"Inter-bank,"
1*59
65
561*, 585
i n t e r e s t r a t e s on, 6 5 ,
see a l s o under I n t e r e s t
rates
n a t i o n a l bank, 6 5 , 6 9 , 103
postal,
111
p o s t a l savings f u n d s , 70
s a v i n g s , i n t e r e s t on, 122, 161, ^ 6 2 , 612
segregation o f ,
105
s t a t e laws g u a r a n t e e i n g ,
72
t i m e , see Time d e p o s i t s
Depression, b,
1 6 , 3**, 3 7 , bl,
158, 511, 5^2
De Saussure, George R . , 1 0 2 , 256, 266
D e t r o i t , Michigan,
58
b a n k e r , 228
Deutsche Bank, 50
D e v a l u a t i o n , of c u r r e n c y ,
of t h e d o l l a r ,
D i c k i n s o n , C. C . ,
Dies, Martin,
Dies B i l l ,
505, 508,
530
5^+, 558, 566, 567, 583, 58>+, 587
132
b2&
**28
Disarmament,
287
Disarmament Conference, 2 8 6 , 3 0 3 , ^10
Discount m a r k e t ,
61
Discount r a t e s , 1 1 , 2 9 , 3 0 , 1 1 9 , 159, 220, 2*+0, 2 7 3 , 3 9 2 , M+7, 6 1 1
D i s c o u n t i n g , 6 8 , 6 9 , l l 1 * , 163,
D i s t r i c t of Columbia, 386,
appropriations
526
for,
housing f o r workers i n ,
public u t i l i t i e s
Doak, W. B . ,
556
of,
567
38^
Ill
D o b i e , A. W . ,
131
D o l l a r , commodity, 53*+
d e v a l u a t i o n of t h e , 505 , 508 , 5 M ,
5^,
gold c o n t e n t of t h e , 213, 507, 57*+
purchasing power of t h e , 587, 588
r e v a l u a t i o n of t h e ,
57^
s t a b i l i z a t i o n of t h e , 2 5 0 , 27*+, 506, 58**
unsoundness of t h e , 603
v a l u e of t h e , 2 5 0 , M+5, 5**3
Donne11a, George, 392
D o o l i n , John B . ,
257
Doremus, Frank £ . ,
228
Doubleday, Page and Company, 213
Dougherty, Frank A . , 2*+7
Douglas, Stephen A . ,
23
5 5 8 , 566, 567, 583, 58*+, 587
Down Town C l u b , 55
Downey, S h e r i d a n ,
557
Dowrie, George W„, 5^5
Draft, military,
Drewry, P.
566, 5 6 7 , 570, 576, 579
H,,
Drugs, a d v e r t i s i n g o f ,
containers f o r ,
Drum, John S . ,
^72
319
257
Dry goods, 2 0 8 , 258
Dry goods j o b b i n g concern, 69
Duerson, M. K . , 150, 151, 192, 215, 2 5 7 , **53
Duffer-Ellenbozen B i l l s ,
D u l u t h , Minnesota, 56
Dumbarton Oaks, 362
Dunivin, J, N . ,
duPont, E. F . ,
303
^76
duPont Company, 539
D u r k i n , Wf W M
Duties, Import,
303
221
on c h e m i c a l s , 303
on d y e s t u f f s , 303
D y e s t u f f s , duty on, 303
^71
-M+E
E bonds, 26W
Eagle, Joe Henry, 73, 257
E a r l y , N. B . ,
572
Steven, *+89
East R a d f o r d , V i r g i n i a ,
61
E c c l e s , M a r r i n e r S . , 120, 122, 160, 1 6 1 , M+5, **59, ^62, *+82, *+89,
505, 507, 53^, 5 1 *), 5^2, 572, 583, 5Bht 59^, 596, 597, 601-60*+
Eccles b i l l ,
161, 537, 5M), 60*+
Economic A s s o c i a t i o n , 32
Economic Club, New York, 2 8 , 1+3» 103, 1 0 5 , 106
Economic l i b e r t y ,
crusaders f o r , 2^
Economic p r o d u c t i o n , 267
Economic r e c o v e r y , 2*+
Economic t r e n d s ,
5^5
Economy, 260
government's r e l a t i o n t o ,
198
South's problems o f , M+
Economy Act ( 1 9 3 3 ) , ^33
Economy B i l l ( 1 9 3 3 ) , ^28, *+50
Edge, Walter E . , *+3
Edmonds, R. G . , 363
-M23*+,
Education, f e d e r a l a i d
to,.502
loans f o r , 1+72
vocational,
223, U-22
Edwards, J , R . , 56V
E l e c t i o n of 1912, p r i m a r y , 8 3 , 8 5 - 8 8 , 169
of 1928, 60*+
a t 1930,
3^5
of 19V0, k99
of 19^2, H08, 1+85
Elections, primary,
Electric b i l l s ,
71
576
E l e c t r i c construction expenditures,
576
E l e c t r i c a l equipment, t a x on, 567
E l e c t r i c i t y t a x , V31
E l i g i b l e paper, 9 2 , 1 2 5 , 133» 220, 237, 2M+, 2 7 0 , M+6, 538, 6Qk,
d e f i n i t i o n o f , *+l8, k23
E l l e n b o z e n - D u f f e r B i l l s , *+7l
E l l i o t , D a v i d , 257
John B . ,
257
M. C . , 1 1 5 , 168, 258, 275
E l s t o n , J . A . , 153, 15^
S i t i n g , Ho-mrd, 10*+
Embargo, on arms, 513
607
-46Embargo, on arms, t o S p a i n ,
on b u l l i o n ,
on c o i n ,
514
204
204
on c u r r e n c y ,
204
on g o l d , 1 6 , 277
on goods shipped t o w a r r i n g c o u n t r i e s ,
on tobacco,
502
553
Emergency Bank B i l l
(1933),
564
Emerson, Guy, 258
England, see Great
Britain
Epes, Henry P . , 406
Equal r i g h t s ,
503
Esch, John J . ,
214
Europe, economic s i t u a t i o n i n ( 1 9 1 9 ) , 263
situation i n (1940),
546, 547
U n i t e d S t a t e s a i d t o , 2 5 0 , 258, 567
European r e l i e f p l a n ,
258
Evening D i s p a t c h . Columbus, Ohio, 6 0 , 557
Evening; J o u r n a l . New York C i t y , New Y o r k ,
597
Evening News. Newark, New J e r s e y , 272
Evening P o s t . New York C i t y , New York, 4 6 , 6 6 , 1 2 6 , 5 9 6 , 597
Evening S t a r . Washington, D . C . ,
602
-1*7Evening World. New York C i t y , New Y o r k , 597
Excess P r o f i t s Tax A c t , amendments proposed t o ,
57^
Excess p r o f i t s t a x e s , 2 1 6 - 2 1 8 , 272, 560, 567, 568, 570, 577
Exchange charges, on checks, 206, 207
Excise t a x e s , *+6l, 1+70
on tobacco, 553
E x p o r t - I m p o r t Bank, lending power o f , 1+99
Exportation,
16
Express. San A n t o n i o , Texas, 597
F
F a i l o r , Miss, *+17
F a i r Labor Standards A c t , amendments concerning c a n n e r i e s , 57*+
amendments suggested t o ,
opposition t o ,
Fair trade,
552
556
502
F a i r Trade A c t , Tydings 1 amendment t o ,
Fairmount, I n d i a n a , C i t i z e n s Bank o f ,
515
550
Fargo Forum. 598
F a r l e y , James A . , 7 , 20, 38, M+0, U-62, 1+83, »+98 , 595
Farm Bureau, see under American Farm Bureau
Farm C r e d i t A d m i n i s t r a t i o n ,
Farm c r e d i t s ,
100
*+ll
-1+8Farm c r e d i t s , f o r d a i r y i n g ,
136
l e g i s l a t i o n concerning, 2 3 9 , 609
Farm d i s t r e s s , 353, 360, 3 6 3 ,
Farm Finance A c t , n a t i o n a l ,
510
113
Farm Mortgage A s s o c i a t i o n of America, 2M+
Farm p r i c e s , 3^3, 577
supports f o r ,
Farm r e l i e f ,
567, 579
373, k O l , *+55, 510
l e g i s l a t i o n concerning, 7 3 , 367
Farm s u b s i d y , 97
Farmers, Glass* a d v i c e t o ,
loans t o ,
Farmers'
609
557
Open
g
o r u p , 130
Farming, l e g i s l a t i o n concerning,
production controls o f ,
510
Farnsworth, F r e d e r i c k E , ,
111
Farquhar, A. B . ,
F a r w e l l , John V . ,
510
260
5 0 , 8 0 , 1 0 0 , 163, 2 0 2 , 2 0 8 , 2 1 7 , 2 3 8 , 2^-8, 2 5 8 , 275
Fearney, F r e d e r i c k T . ,
258
F e d e r a l , see a l s o under U n i t e d S t a t e s , and under Government
F e d e r a l Advisory Board,
F e d e r a l A d v i s o r y C o u n c i l , 1 8 , 223, 2*+3, **32, 557, 60*+
F e d e r a l a g e n c i e s , powers o f , 556, 557
Federal a i d , 60?
opposition t o , 611
to education, 502
Federal c r e d i t unions, 584
Federal Deposit Insurance Corporation, 12, 156, 199, 361, 462, 473,
486, 506, 509, 612
amendments proposed to t h e , 407
as r e c e i v e r f o r a closed n a t i o n a l bank, 486
Board o f , 24
chairmen of t h e , 506, 534, 585
c r i t i c i s m o f , 553
establishment o f , 557
F e d e r a l Reserve System and, 462, 588
members o f , 542
p o l i c i e s o f , 529
F e d e r a l Employment S t a b i l i z a t i o n Board, 535
F e d e r a l Farm Discount Corporation, 424
F e d e r a l Farm Loan A c t , 65, 130, 134
amendments proposed t o , 360
Federal Farm Loan Associations, 113, 270
Federal Farm Loan Board, 152, 242
Federal Farm Loan Bureau, 130
Federal Farm Loan System, 21, 136, 155, 217, 261
Federal Home Loan Bank, 278, 543
bonds o f , 278
-50F e d e r a l Home Loan Bank A c t , o p p o s i t i o n t o amendments t o , 557
F e d e r a l Housing A d m i n i s t r a t i o n ,
515, 5V5
V i r g i n i a agency o f , 5V6
F e d e r a l I n t e r m e d i a t e C r e d i t Banks, 18
F e d e r a l j u d g e s h i p s , 559
Federal
L
a n d Banks, 552
F e d e r a l L i v e Stock Commission, 270
F e d e r a l Loan Agency, defense commitments o f ,
F e d e r a l Mine I n s p e c t i o n B i l l ,
575
553
F e d e r a l Power Commission, 575, 576
F e d e r a l Reserve A c t , 10, 32, >+3, V9, 52, 53, 71, 72, 76, 80, 99,
10V, 111, 112, 117, 12V, 125, 160, 172, 199, 215, 22V,
2 7 2 , 307, 316, 35V, V13, V 6 2 , V7V, 530, 577, 600, 611
a b s t r a c t o f , 68, 103
a d m i n i s t r a t i o n o f , Vl9
A l d r l c h b i l l and, 6 , 66, 68, 13Q, 392
amendments proposed t o , 6 , 8 , 9 , 11, 13, 30, 35, V l , VV, 5V, 66,
69, 70, 105, 111-115, 132, 13V, 135, 137, 152, 15V, 155,
159, 161, 201, 209-211, 216, 217, 219, 221-22V, 228, 235,
238, 2V0, 2V1, 2V5, 270, 275, 283, V13, V18, VV2, VV6, I+75,
506, 507, 536, 537, 539, 5 V l , 5V8, 577, 581, 587, 601, 606
amendments t o , 10V, 152, 153, 207, 209, 392, VVO, VV3, W 5 , 586, 588
a n a l y s i s o f , 103, 108, 606
-51F e d e r a l Reserve A c t , authorship o f , 3 , 6 , 2 8 , 3 0 , 3 5 , 36, ^ 6 , ^ 7 ,
157, 159, 212, 213, 2^2, 2^5, 266, 280, 2 8 7 , 291, 302,
320, 323, 329,
background o f , 269
check clearance p r o v i s i o n s o f , 2 2 , 208
check c o l l e c t i o n amendment t o ,
201
M+
Democratic P a r t y and, 66
discount s e c t i o n o f , 69
d r a f t s o f , 111, 113, 35*+, 3 9 2 , M+5
gold c l e a r i n g fund p r o v i s i o n of t h e , J+21*
Hardwick amendment t o , 6 , 210
House-Senate Conference on, ^23
index o f , 103
l e g i s l a t i v e h i s t o r y o f , 6 , 1 0 , 22, 3 5 , 3 6 , 600
loans to bank d i r e c t o r s and o f f i c e r s c l a u s e , 239, 2*+5, 585
McFadden Act and, 152
o p p o s i t i o n t o , 6 , 7 , 2 2 , 6 5 , 7 3 , 262
p o s t a l savings funds p r o v i s i o n i n ,
70
rediscount provisions o f , 22, 53, 5*+, 56, 7 6 , 130
r e p e a l of s e c t i o n 12B o f ,
516
Republican Party and t h e , 6 , 7 , 6 7 , 130
r e t i r e m e n t of n a t i o n a l bank notes and, Has t a t e banks and, 137
United S t a t e s Congress and, 6 , 1 2 , 18, 2 0 , 6 9 , 201
315,
389, 392, »+23, ^75, >+98, 530, 5M+, 607,
608, 611
criticism of,
73,
-52F e d e r a l Reserve A c t , U n i t e d S t a t e s House of R e p r e s e n t a t i v e s a n d , 7
United S t a t e s Senate and, 3 , 289, 372, 423
United S t a t e s Treasury Department and, 508, 603
Untermyer's pamphlet on, 2 2 , 28
v i o l a t i o n s o f , 9 , 2 0 , 2 1 , 238
Willis®
amendments t o ,
536
F e d e r a l Reserve a g e n t s , 1 8 , 118, 120, 124, 195, 207, 232* i & l ,
F e d e r a l Reserve banks, 4 , 1 3 , 1 9 , 2 6 , 2 2 , 2 9 , 5 4 , 56, 5 8 , 6 1 ,
388
63,
6 4 , 6 6 , 6 7 , 7 6 , 105, 1 0 7 , 135, 2 6 0 , 2 7 3 , 372, 3 7 3 , 553, 588
acceptances o f ,
278
as f i s c a l agents f o r the government, 132
assets o f ,
63
banker c o n t r o l o f ,
100
boards of d i r e c t o r s o f , 6 5 , 76
bonds f o r ,
8
c a p i t a l requirements f o r ,
charters f o r ,
553
9 , 2 0 , 3 0 , 3 5 , 389
check c o l l e c t i o n system o f , 1 2 , 209
Class C d i r e c t o r s o f ,
260
c l a s s i f i c a t i o n o f , 102
complaints a g a i n s t ,
119
c r e d i t extended by, 136
depositories f o r ,
118
-53F e d e r a l Reserve banks, discount r a t e s o f , 1 1 , 18
d i v i d e n d s o f , 118, 258
earnings o f , 118, 2 5 8 , 275
d i v i s i o n o f , 2 , 8 , 2 9 , W8, 9 5 , 372
e l i g i b l e paper o f , 1 8 , 607
establishment o f , i n f o r e i g n c o u n t r i e s ,
221
examination o f , 8 , 57, 5 9 , 62
exchange charges o f ,
201
f o r e i g n accounts i n ,
588
f o r e i g n banks and, 9
f o r e i g n bonds i n , *+20
f o r e i g n debt r e f u n d i n g and, 273
function of,
136
funds o f , 6 3 , *+62
gold balances i n ,
201
government management o f ,
106
governors o f , 1 8 , M-7
Hitchcock B i l l and, 100
h o l d i n g companies and, M+6
i n t e r e s t r a t e s o f , 1 1 , 1 2 , 2*+0
i n t e r e s t r a t e s on time and savings d e p o s i t s o f ,
L i b e r t y Loan bonds and, 209
612
Federal Reserve banks, loans,
61, 2^0, 372 f M*Of M*6, 606
to a g r i c u l t u r a l i n t e r e s t s , 3»
HI
to brokers, 602-60*+
to commercial banks, 125
to cotton producers, 113
to farmers, 79
to i n d u s t r y , h i , 120 f
121
to member banks, 1331
to s t a t e banks, 18
to t r u s t companies,
18
to United States government, 560
l o c a t i o n o f , 101, 110, 11.6, 200, 222, 255
management o f , 11, 106
non-member banks and, 12-lW, 70, 72, 105, 516
number o f , 56, 76, 102, 105, 133, 256, »+21
o f f i c e r s ' meetings o f , 138
operations o f , 61
ownership o f , 588
p r a c t i c e s o f , 223
rediscounting transactions between, 19, 5^+, 372
reserve requirements o f , k?,
158-160, I 6 3 , 209, 27^, 581
reserves o f , if3, ^5, >+7, 52, 57, 106, 108, 153, 160, 2**0, Mt6, 539,
587, 611
l o c a t i o n o f , 9^, 112, 113
revenue o f , 275
-55F e d e r a l Reserve banks, savings deposits, of "business concerns and, 161 , 611
s e c u r i t i e s o f , 18, 223
stock speculation and, 12
stocks o f , 106, 107
t a x a t i o n o f , 216
time deposits i n , 8, 61??
War Finance Corporation notes and, 2*+5
see also under names of c i t i e s having Federal Reserve banks
Federal Reserve B i l l ,
596
amendments proposed t o , *+7
o p p o s i t i o n t o , ^55
r e v i s i o n o f , 605
s i g n i n g o f , by Wilson, 600
U n i t e d S t a t e s Congress, Conference Committee on t h e , 108
F e d e r a l Reserve Board, 10, 11, 13, 18, 19, 21, 31, 33, ^0, 50, 57,
71-73,
96, 100, 102, 10*f, 105, 110, 112, 1 3 S 135, 158,
160, 161, 208, 209, 250, 252, 255, 256, 258, 260, 263, 267,
269, 270, 278, 279, 373,
M*0 f W 3 - W 6 ,
612
appointments t o , 33, 3^,
^1, 93, 279
banker r e p r e s e n t a t i o n on, 103
Board of Regents, 36
branch banking p o l i c y o f , 11, 20
chairman o f , 601
appointment o f , 118
529, 539, 598,
-56F e d e r a l Reserve Board, check c l e a r a n c e , p o l i c y o f , 133
composition o f ,
50
counsel f o r , 168, 212, 258, 275, 373, 37^
assistant,
372
decisions o f ,
}0
"deflation" policy of,
36^
Deputy governor o f , 28
Democrats and, 603
d i s c o u n t r a t e s , p o l i c y o f , 273,
^7
D i v i s i o n of Bank O p e r a t i o n s , C h i e f o f , M+6
D i v i s i o n of F o r e i g n Exchange, D i r e c t o r o f , 277
expenses o f , 8
first,
71
f o r e i g n exchange p o l i c y o f t h e , 278
government c o n t r o l o f , 32
governors o f , 8, 11, 13, 23, 28, V7, 65, 159, 163, 201, 202, 206,
209, 22*+, 23*+, 2 7 S 373, 37*+, 535
see a l s o F e d e r a l Reserve Board of Governors
g o v e r n o r s h i p o f , 51*, 5 ^ ,
610
i n f l a t i o n a r y methods o f , 537, 538
I n t e r - A m e r i c a n Bank b i l l and, 583
lending policies o f ,
11
l i m i t a t i o n s imposed upon, 577
F e d e r a l Reserve Board, members o f , 6 , 7, 1 0 - 1 2 , 13, 20, 21,
3?,
Wo, W3, V / , 5V, 71, 98, 111, 125, 132, 135, 158, 160,
161, 201, 20.?, 208, 2^6, 2^7, 258, 270, 273, 275, 276, 285,
311, 35^,
W o , 530, 5M+, 612
membership r e q u i r e m e n t s f o r , 275, 35*+
money value and, 103
n o m i n a t i o n s t o , 607
p o l i c i e s o f , if90 f
powers o f ,
537
577
11, 15, 21, 30, 539**586, 603, 611
recommendations
to,
S e c r e t a r y o f , 66, 115, 1 3 ^
2^5, 2^6, kk6
s t o c k s p e c u l a t i o n p o l i c y o f , k-Ql
U n i t e d S t a t e s T r e a s u r y Department and, 508, 603
wages f o r members and employees o f , 158, 37*+
F e d e r a l Reserve Board of Governors, 119, 160, 161, M+6, 506, 507, 529,
537, 538
appointments t o , 119, 61*+
Democratic P a r t y members o f , 157, 158
members of t h e , 27, 119-123, 125
president of,
583
R e p u b l i c a n P a r t y members o f ,
l 5 7 , 156
secretary o f , 585, 60*+
see also Federal Reserve Board, governors of
Federal Reserve Board o f P h i l a d e l p h i a , 392
F e d e r a l Reserve B u l l e t i n ,
F e d e r a l Reserve c r e d i t s ,
209, 2^7
125
F e d e r a l Reserve d i s t r i c t s ,
72, 260
number o f , 66
numbering o f ,
58
o r g a n i z a t i o n a l committee f o r ,
110
F e d e r a l Reserve n o t e s , 6 , ^ 3 , 53, 62, 6 6 , 132, 507
as l e g a l t e n d e r , 137
as r e s e r v e s , 6 6 , 111, 112, 13^, 136, 153-155, 166, 201
collateral for,
18, 53, 161, 211, >+20, 587
denominations o f ,
2^2
f o r e i g n bonds as s e c u r i t y f o r , *+20
government s e c u r i t i e s as c o l l a t e r a l f o r ,
587
i n t e r e s t on, 15*+, 363
issuance o f ,
5*+? 71, 106, 221, 222, 2>+l
a g a i n s t g o l d and p a p e r , 201, 222
t o Reserve Banks, l e g i s l a t i o n c o n c e r n i n g ,
ft
over-issueM o f ,
redemption o f ,
retirement
611
57,
of,
t a x on, 1 5 ^
363
u n i s s u e d , 2*+l
U n i t e d S t a t e s notes and, 273
587
-59F e d e r a l Reserve System, 3, 6 , 7 , 9 , 11, 20, 29, 51, 52, 59, 6 ^ - 6 6 ,
70, 72,
100, 101, 10*+, 116-119, 130, 133, 135, 159, 161,
165, 200, 20*+, 223, 230, 239, 2^1, 2^3, 2*+5, 255, 258, 260,
267, 278, 279, 292, 297, 303, 350, 372-37^, 377, *+l8, ^ 2 1 , *+23,
425, *f26, M+2, M+3, 1+62, 5M+, 551, 555, 572, 600, 607, 610
a d m i n i s t r a t i v e powers o f ,
advertising of,
11
210
A d v i s o r y Board o f , 105
a g r i c u l t u r a l i n t e r e s t s o f , 35*+
A l d r i c h b i l l and, 195
as t h i r d bank of t h e U n i t e d S t a t e s , 166
bank f a i l u r e s and, 131
bank funds i n v e s t e d i n , 93
"Bank o f t h e U n i t e d S t a t e s " and, 166, 507
branch banking and, 29
b u i l d i n g program o f , 35*+
c a p i t a l s t o c k r e q u i r e d f o r membership i n ,
113
c e n t r a l banking and, 102, 10*+, 106, 108
cheap money p o l i c y
of,
check c l e a r i n g system o f , 37^, 611
check c o l l e c t i o n p o l i c y o f , 12, 206, 207, 209
c o s t o f , 130
c o u n t r y banks and, 106
-60F e d e r a l Reserve System, c r e d i t o f , 2 9 - 3 1 , 125, 602, 603
c r e d i t s , f o r e i g n , and, 125
c r i t i c i s m o f , 222, 272, 329, 363, *+25, 5^0, 5M+, 610
d e f l a t i o n and, 3
d e p o s i t p o l i c y o f , 106
d e p r e s s i o n and, 16
d i s c o u n t r a t e p o l i c y o f , 29, 30, 2*+0, 392, 611
d i v i d e n d s o f , 130
F e d e r a l D e p o s i t I n s u r a n c e C o r p o r a t i o n and, 588
f o r e i g n c r e d i t s and, 125
f o r e i g n exchange bureau o f , 210
founders o f ,
126
government c o n t r o l o f , 106
government s e c u r i t i e s and, 16
h i s t o r y o f , 1 , b 9 10, 11, 20, 30, 3 ^ - 3 6 , 73, 163, 199, 2^2, 252, 316
H u l l amendments t o , 3 ° , 35
independent bankers and, *+86
i n s t a l l m e n t c r e d i t o f , 580
i n t e r e s t r a t e s and, 9 ,
53°
i n t e r l o c k i n g d i r e c t o r a t e s and, 5^3
leadership i n ,
535
l i b e r t y bonds and, 253
loans t o member banks, p r o m i s o r y notes f o r , t a x on, 238
-61113,
Federal Reserve System, membership requirements o f , 60, 110,^206, 219,
2^+0, 267, 550
mutual savings banks and, 220
n a t i o n a l banks and, 7 , 8 , 33, 1+9, 68, 216
non-member banks and, 12-1*+, 70, 72, 105, 516
shares held by, 118
o f f i c i a l s o f , 2bby 2*+5, 250, 2 6 l , 35*+, M+6, 537
Open Market Committee o f , 581, 586
opposition t o , 3 , 10, 21, 131, 350, 35^, 363, 372, 535
p o l i c i e s o f , 11, 12, 16, 19, 20, 30, 158, 389, 390, V l l , 1+12, 1+21,
C23, M32
prices and, 9, 530
rediscount p o l i c y o f , 19, 217, 353, 372, 601
r e g i o n a l p r i n c i p l e s o f , 10, 30, 106
reserve f e a t u r e s o f , 60
reserve p o s i t i o n o f , 16
reserve requirements o f , 8, 202, 560, 586, 588, 603
savings banks and, 103, 220
s t a t e banks and, 11, 12, 18, 21, 1+7,
135, 137, 159, 172, 228,
2&0, 2M+, 2l+5, 257, *+2l+, 1+80, 588, 600
stock speculation p o l i c y o f , b, 6 , 12, 602-605
t a x a t i o n o f , 119
United States Congress and, 219
-62Federal Reserve System, United States Senate and, 35*+, 373
United States Treasury Department and, 6 , 198, 258
World War I and, 258
F e d e r a l s a v i n g s and loan a s s o c i a t i o n s , 543
F e d e r a l Stock P u b l i c i t y b i l l , 273
98,
Federal Trade Commission,*212, 262, *+58, 553
Federal Trade Commission B i l l ,
71
Federal t r u s t companies, 256
Ferneyhough, J . G . , 5, 607, 608
F e r n l e y , Thomas A . , 208, 210
F e r r i s , S c o t t , 111, 258
F i e l d s , W. J . , 238
F i g h t f o r Freedom, I n c . , 7, 533
committee f o r , 573
Finance, a g r i c u l t u r a l , 2M+
deficit,
511, 5*+3
French, 20*+
government, 210i, 260
i n t e r n a t i o n a l , 73, 2*+5, 529
l e g i s l a t i o n concerning,
53°
F i n a n c i a l Age, ^+55, 598
F i n l a n d , f a l l o f , 556
United States a i d t o , 550, 552, 555
F i r e insurance, 152
-63F i s h , t a x on, 512
Fish meal, t a x on, 512
F i s h e r , Edmund, 57, 64
I r v i n g , 9 , 163, 213, 239, 249, 259, 445
W i l l i a m , 78
F i s k , M r . , 96
F i s k e , Haley, 108
F i t z g e r a l d , R. G . , 428
s ee also under Tyson-Fitzgerald Act
FitzHenry,Lovis. 2 1 0
Fitzhugh, Guston T . , 402, 404
Flannagan, W. W., 48, 53, 58, 68, 91, 100, 103, 111, 130, 165, 248, 260
F l e t c h e r , Duncan, 459, 485-487
Fletcher-Rayburn B i l l ,
471
Glass amendments t o , 606
F l e t c h e r - S t e a g a l l A c t , opposition t o , 445
F l i n t , Michigan, bank, 48
Flood, H. D . , 5, 305
F l o r i d a , 95, 520
Bankers' Association, 266
Florsheim Shoe Company, 60
Flynn, Edward J . , 485
Folkes, E. C . , 5, 398
Food, a d v e r t i s i n g o f , 472
-6VFood, containers f o r , 319
d i s t r i b u t i o n o f , 270
Food a d m i n i s t r a t o r , 200
Food a d m i n i s t r a t i o n , 237
Food and Drug A c t , V71
Food and Drug B i l l , amendment proposed t o , 513
see a l s o Pure Food Act
Foote, F. W., 260, 307
Forbes, B. C . , 136
Foreign banking accounts, 588
Foreign banks, 9 , 50, b72
Foreign bonds, 125, 253> *+20
Foreign currency, 10, 27b
Foreign debt, 21, 369, 566
refunding o f ,
20b
to United S t a t e s , 279, 320, 366, 387, ^23
Foreign exchange, 10, 210, 273, 278
Foreign exchange bureau, establishment of a , 210
Foreign loans, see Loans, f o r e i g n
Foreign t r a d e , 17, l l V ,
135
Forgan, James B . , 50, 62, 81, 136, 137, 163, 201, 276, 287, 60V
Fdrgery, of notes, 205
Fort Meyer, V i r g i n i a , 386
F o r t Smith, Arkansas, Tribune. 533
Forty-hour week, 558
-65F o r t y - e i g h t - h o u r week, 568, 580
Foshay, P. M., 261
Four B i l l i o n Work B i l l , 1+87
Four-Power T r e a t y , 351
Fowler, Charles N . , 131, 163, 16^, 252, 272
Charles W., 81, 2^8
Frame, Andrew J . , 95, 130, 135, 165
G. J . , 1+5
France, 253
Bank o f , 2k
debt to United S t a t e s , 366
finance i n , 201+
Nazi economic c o n t r o l o f , 573
newspaper account of Glass* b i l l ,
55
United States a i d t o , 573
Franchise t a x , on Federal Reserve notes, 363
F r a n c i s , D. R . , 163
F r a z i e r , Lynn Joseph, 507
T» McCall, 1+36
Fredericksburg, V i r g i n i a , Democrat, 598
Freed, W. H., 132
Freeman, Douglas S o u t h a l l , 259, W98, 556, 612
a. w . , 372
Lloyd R . , 392
-66F r e i g h t forwarding companies, r e g u l a t i o n o f ,
Freight forwarding s e r v i c e s , 5**7
F r e i g h t r a t e s , f o r defense m a t e r i a l s , 570
Frelinghuysen, Joseph S . , 310
Fuel o i l , t a x on, 512, 51*+
F u l t o n , F. J . , 106
F u l z e r , see Crawford-Fulzer
bill
Furs, t a x on, 567
G
Gaines, Edna E . , 392
Francis P . , 590
G a i n e s v i l l e , Texas, 59
Gard, Warren, 133
Gardiner, George S . , 133
G a r f i e l d , James, 5
Garner, John, 588
G a r n e t t , Christopher B . , 280, 2 8 l
G a r r e t t , John T . , 1*2, 132
Garrison, M£.,
5^
E. E . , 530, 612
Gary, E l b e r t H . , 261
Gary, I n d i a n a , Chamber of Commerce, 563
-67Gas, r a t i o n i n g o f , 577
tax on, k-27, 567
G a v i t , John, V6
Gay, Edwin F . , 261
Gazette. M i t c h e l l , South Dakota, 598
General Motors Corporation, $b2
George, Lloyd, 250
W a l t e r , V85, 5*+3, 577, 588
Georgia, 217, ^92
Federal D i s t r i c t Court of the Northern D i s t r i c t o f , 286
German Dye Trust, 576
Germany, aggression against United States i n 19^0, 556
Bank o f , 50
Belgian a i d t o , 250
f i n a n c i a l s i t u a t i o n I n , 250
United States aid t o , 250
United States a i d to combat aggression o f , 5*+7
United States a t t i t u d e toward before World War I I ,
G i l b e r t , S. F . , J r . , 363
S. T . ,
Gillette,
3lh
E. H . , 69
G. M., 5V6, 562
see also Murdock-Gillette
bill
533
-68Gillette-Kleberg b i l l ,
5^-6
Girard National Bank, 206
Glasgow, W i l l i a m A . , J r . , 81, 157
Glass, Ann, 215
A u r e l i a C a l d w e l l , p i c t u r e o f , 560
C a r t e r , Adventure in Constructive Finance f 1 , 21, 39, 125, 159,
212-213, 385, 397, i+2*+, 5^2, 611
"American Rights on the Seas," 28, 22b
"And/or" complaint o f , 1+56
a r t i c l e s and e d i t o r i a l s about, 350, 387, 596, 598, 599, 602, 605
a r t i c l e s by, 7 , 3^, 125, 256, 259, 271, 335, 390, 597
biographies o f , 530, 5M+, 5*+5
b i r t h d a y s , 1+79, 589, 590
booklets about, 5
books by, see i n d i v i d u a l
titles
"Business Need Not Fear F u t u r e , " 199
candidacy f o r United States Senate, 1+56
Chronicle. 1+21
c i t a t i o n s given t o , 5
" C o n s t i t u t i o n a l I m m o r a l i t y , " *+30, 1+56
"Cousin of Dukie b u l l e t i n , " 6 1
"Dangerous Nostrum," 199
degrees conferred upon, 7
Democratic Party and, 531
sec also various e n t r i e s under Democratic Party
ass, C a r t e r , e d i t o r i a l by, 5
e l e c t i o n s and, see under E l e c t i o n s , and under Democratic
Party
"Facts About the F i s c a l P o l i c y o f our Government During the
P a s t Few Y e a r s , " 200
" F e d e r a l Reserve A c t " ( s p e e c h ) , 71
F e d e r a l Reserve Board, membership on, 34, 100, 104, 252
sub-committee on b a n k i n g , chairman o f ,
285
F i g h t f o r Freedom Committee, chairmanship o f ,
573
f i l i n g system o f , 358
" F i n a n c i a l Tasks and D u t i e s o f T o d a y , " 259
"Government by I n v e s t i g a t i o n v s . Government by S u p p r e s s i o n , " 200,
370
g o v e r n o r s h i p o f V i r g i n i a , o f f e r e d t o , 259
H i s t o r y o f the F e d e r a l Reserve, 126
honors r e c e i v e d by, 5, 7
" I n f l a t i o n " speech, 439
journalism o f ,
23
"Lest We F o r g e t , " 198
mayorship, d e c l i n e d b y , 23
"Menacing 'Group A l l i a n c e , 1 " 3 , 198
" P a t r i c k Henry Speech," 487
patronage and, 20, 4 5 , 4 6 , 53, 8 3 - 9 0 , 142, 146, 147, 149-151 f
161 f 170-172, 18'?, 186, 137, 190, 195, 213,
222, 223,
?25, 230-232, 237, 239, 243, 254,
264, 269, 286-304, 306-358, 398, 435, 475, 559, 560
-70Glass, C a r t e r , p i c t u r e s o f , 560, 601
Presidency, considered f o r , 5, 15, 279, 281, 379, 381, 607, 609, 611
"Republican invention exposed," 109
" R e s p o n s i b i l i t y f o r Foreign Loans," 200
Secretary of the Treasury, 14, 21, 22, 25, 28, 33, 42, 215, 248, 255,
262, 270, 272, 421, 535, 598, 602
Senator, 20, 33, 37, 259, 264, 270, 285, 312, 370, 385, 396, 602, 612
Successor as, 490
Service of the Federal Reserve System. 7
" S h a l l We Go Over the P r e c i p i c e ? " , 198
South Pole mountain range named f o r , 7
speeches about, 15
speeches by, 3 , 6 , 11, 17, 28, 37, 43, 4 6 , 47, 50, 56, 58, 63, 6 9 - 7 1 ,
76, 79, 81, 82, 91, 95, 97, 99, 103, 109, 124, 128, 131, 155,
163, 195, 198-200, 224, 239, 247, 262, 266, 279, 289, 354, 3 6 I ,
367, 368, 370, 373, 381, 385, 401, 4o8, 4 l 4 , 415, 439, 456, 438
493-498, 561, 589, 597, 598, 608-611
Sweet B r i a r College and, 37, 560
"Tale of Two H e i f e r s , " 73, 98, 200, 385
Thomas Jefferson B i c e n t e n n i a l Commission, chairmanship o f , 560
"Truth About the Federal Reserve System," 3 , 8 l , 377, 378
"Truth About the War Department," 198
"Turnip-head speech," 200
-71G l a s s , c a r t e r , United Loan and T r u s t Company, board member o f ,
U n i t e d S t a t e s Congress, Committee on A p p r o p r i a t i o n s ,
222
chairman-
s h i p o f , 543, 613
Committee on R e s o l u t i o n s , chairmanship o f ,
32
Committees, c h a i r m a n s h i p o f , 530
Subcommittee on Banking and C u r r e n c y , c h a i r m a n s h i p
of,
78, 81, 9 1 , 613
U n i t e d States House o f R e p r e s e n t a t i v e s , e l e c t i o n t o , 72
U n i t e d States Senate, campaign f o r , 456, 595
see a l s o Democratic P a r t y ,
campaigns
P r e s i d e n t Pro Term o f t h e , 7
United States Supreme Court packing speech, 37, 517-527, 598
"Vapor v s . the R e c o r d , " 28, 408
Woodrow W i l s o n Foundation Fund, V i r g i n i a State chairman o f , 376
Carter, J r . ,
150, 151, 215
E. C . , 5 , 313
G. C . , 5
Nannie, 223
P o w e l l , 150, 151
R o b e r t , 5 , 250, 392
Robert H . , 23
-72Glass-Long controversy, 1+^+8
Glass-McAdoo b i l l ,
505
Glass-McFadden b i l l ,
159
Glass-Owen b i l l , M3, 69, 105, 106, 1+21
G l a s s - S t e a g a l l A c t , 5, 7, 392, 1+28, 1+1+5, 1+53, *+72, 1+86, 53^, 596, 601, 605
Globe Democrat, S t . Louis, Missouri, 598, 603
Goddard, Leroy A . , 276
Gold, abandonment o f , 122
a l l o y s i n , 57*+
balances, 201
clauses concerning, 1+2*+, 1+86
c o n f i s c a t i o n o f , 16, 121
content o f , i n the d o l l a r , 213, 507, 57k
devaluation o f , 1+58, 1+70, 1+87
embargo on, 16, 277
export o f , 238
import o f , 238
l e g i s l a t i o n concerning, 1+70, 1+78 , 507 , 509
manufacturer's t a x on, 566
p o l i c i e s concerning, 120, 507, 508, 535
purchasing o f , 507
t a x a t i o n o f , 566
-73Gold, use of i n World War I I ,
550
Gold bonds, i n English c o u r t s , 2V
Gold b u l l i o n , 13V, 500
Gold c e r t i f i c a t e s ,
110, 132, 508
issuance o f , 507
issuance of Federal Reserve notes a g a i n s t , 201
reserve a g a i n s t , 13*+
Gold clearance, 278
Gold c l e a r i n g fund p r o v i s i o n , of the Federal Reserve Act, <+2V
Gold coin, 13V, 500, 508
Gold d o l l a r , weight o f , 507
Gold flows, 53V
Gold mines, exemption o f , from excess p r o f i t s ,
567
Gold money, d e f i n i t i o n o f , *+8
Gold Reserve A c t , 507, 509
Gold Reserve b i l l , V70
Gold reserves, 78, 110, 556
Federal Reserve System's, V3, V5, 201
P h i l i p p i n e I s l a n d s ' , V86
Gold standard, 16, 19, 2V, 27, 57, 8 l , 97, 120, 198, 239 9 271, V78, 508
530, 5 ^ ,
603, 605, 608
Gold supply, p r o t e c t i o n o f , 59
Goldenweiser, E. A . , 538, 58V
-74G o l d h u r s t , C l a r i a , 403
H a r r y , 283, 400, 404, 436, 440
see a l s o under Cannon, James, case o f
G o l d h u r s t case, 417
Goldsborough, P* L . , 29, 431
Goldsborough b i l l ,
29, 431
Gomes, John W a , 63
Gompers, Samuel, 130, 238, 262, 263, 312
Goochland, V i r g i n i a ,
53
G o o l r i c k , G« O'Connor, 384
Gordon, John W., 262
R o b e r t , 262
Gore, P* T«, 613
Government, see a l s o under F e d e r a l , and under U n i t e d
government
Government b o r r o w i n g , 209
Government c o m p e t i t i o n w i t h b u s i n e s s , 511
Government c o n t r o l s , 62, 545
Government d e p o s i t s , 22, 280
Government e x p e n d i t u r e s , 547, 551
Government f i n a n c e ,
260
Government f u n d s , d e p o s i t o f ,
250
Government i n s u r a n c e , 220, 259
Government i n t e r f e r e n c e w i t h b u s i n e s s , 478, 515, 552
States,
-75Government issue vs. bank i s s u e , 9 1 , 9^
Government l o a n s , 1 3 , 22k
Government n o t e s , see under U n i t e d
Government o b l i g a t i o n s ,
272
Government powers, i n c r e a s e o f ,
Government r e p u d i a t i o n ,
Government s e c u r i t i e s ,
Department o f t h e T r e a s u r y
States,^notes
57^
53^
211, 260, 27*+, 529, 597
as c o l l a t e r a l f o r F e d e r a l Reserve n o t e s ,
i n foreign countries,
587
260
issuance o f , 27^
Government t h e f t ,
53^
Government u s u r p a t i o n , h&2
Government w a s t e , M32
Gowans, Theodore M . , 5
G r a f f , Me B r a y t o n ,
111
Grand Rapids, Michigan, Old N a t i o n a l Bank o f , 15*+
Grayson, Gary T . ,
5 , 125, 199, 3 H > ^82
Great B r i t a i n , Chancellor of the Exchequer, 279
embargo o f , on American tobacco, 553
financial situation in,
250
gold bonds o f , 2k
United S t a t e s a i d f o r , 550, 560, 562, 573, 57*+
World War I debt to United S t a t e s o f , r e f u n d i n g o f , 1 9 8 , 368 9 610
-76Great B r i t a i n , W o r I d War I peace t r e a t y and s 15
Greece, debt to U n i t e d S t a t e s , 366
Green, A. W., 6 2 , 136, 262
Se He, 53
W i l l i a m , 563 f 570
Greenbacks, see U n i t e d S t a t e s , Department of t h e Treasury,
notes
Greenlees, J , Ro, 164
Greenville,
South C a r o l i n a ,
380
Gregory, George C«, 111
Thomas W. , 262
Grieve, W a l t e r ,
n
Why the Government Should Own the R a i l r o a d s / 9
Grinels, Charles
, 136
G r i s w o l d , B* Hove11, 263
Gronna, A s l e J 0 ,
311
Guarantee T r u s t Company, 245
Guerin, W. D®, 263
Guernsey, P@ E®, 2S0
G u f f e y , Je P . , 457
Guffey B i l l ,
457
Guyer, U. So, 472
see also W a l s h - G u y e r b i l l
263
-77-
H
H a c k e t t , F r a n k , 66
Hadley, A. T . , 57
H a i s l i p , R. D . , 15, 264
H a l l , E. M . , 22
H a l l o c k , James C . , 216
H a l s e y , Edwin, 390
H a m i l t o n , Norman, 26, 73
H a m l i n , Charles S . , 1 2 - 1 5 , 21, 34, 4 9 , 52, 54, 5 6 , 5 7 , 65, 111,
125, 131, 133, 135, 137, 152, 154., 157-161,
163, 213, 224, 239, 247, 248, 273, 274, 4 1 8 ,
420 , 421, 440 , 446 , 4 6 2 , 473 , 607,, 612
Hammond, W. S . , 79
Hammond V i n d i c a t o r .
602
Hamner, C h a r l e s , 64
C. D . , 7 1 , 105, 358
Mrs. Sadie L . ,
213
Hansborough, Henry C , , 329
Harbor w o r k e r s , compensation f o r , 562
H a r b o r s , 515, 557
p u b l i c works p r o j e c t s on, 564
-78H a r d i n g , W. P. G . , 8 - 1 2 , 15, 4 4 , 6 6 , 67, 7 5 , 119, 126, 133, 201,
202, 206, 209, 223, 224, 234, 248, 273-275,
278, 279, 284, 372-374, 393, 421, 423, 530, 536
610
Formative P e r i o d o f the F e d e r a l Reserve System. 10
Warren G . , 610
a d m i n i s t r a t i o n , r e v i e w o f , 609
F e d e r a l Reserve System and, 118
Hardware, p r i c e c e i l i n g on, 567
H a r d w i c k , Thomas W., 6 , 201
Hardwick amendment, t o F e d e r a l Reserve A c t , 6 , 210
t o House R e s o l u t i o n 3613, 206, 244
t o House R e s o l u t i o n 3673, 208-210
Hardwick B i l l ,
211
Hardy, C a l d w e l l , 9 3 , 248
Harper, Fred, 41
Robert N . , 103
H a r p e r ' s F e r r y , 482
H a r r e l , J , C . , 403
H a r r i m a n , E. R . , 478
H a r r i s , George L . , 412
Seymour E . , 594
W a l t e r Edward, 15, 315
Winder R . , 213
Harrison, Francis B , , 79, 91
G. L . , 537, 539
-79H a r r i s o n , George, 264, 418, 583
P a t , 13, 17
T. W., 363
W. C . , 363
Harvard Club, 606
Harvard U n i v e r s i t y , 75
Hasek, C. W., 550
Haseman, Joseph W., 264
Haslam, M r . , 242
Haugen, G i l b e r t N . , 319, 367, 611
Haugen B i l l ,
611
Haugen-McNary Farm B i l l ,
367, 608
Hawkins, Horace N . , 420
Hawley, W. C . , 510
see a l s o Smoot-Hawley
Tariff
Hayden, C a r l , 614
Hayes, E. A . , 4 7 , 92, 363, 423
Healey, A. D . , 514
see a l s o Walsh-Healey A c t
H e a l t h , n a t i o n a l , program f o r , 553
H e a r s t , W. R . , 283, 600, 601
Heath, F. S . , 5 6 , 57
W. A . , 267
-80H e f l i n , J . Thomas, 10-12, 21, 279, 303, 307, 354, 363, 374,
389, 602, 607, 610
Heflin Resolution,
f o r c o n t r o l o f s p e c u l a t i o n , 604
H e i l p e r i n , M i c h e l , 535
H e l f f e r i o h , M r . , 50
Heller,
S. R . , 137
Henderson, Leon, 577, 578
H e n d r i c k s , L. H . , 244
Henry, P a t r i c k , 38, 487
G l a s s ' address on, 598
Robert L . , 6 1 - 6 4 , 68, 7 1 , 7 5 , 9 1 , 110, 111, 113, 133, 167,
239, 287,
361, 597, 599
Hepburn, A. B a r t o n , 5 0 , 74, 76, 8 0 , 91, 106, 111, 112, 137, 154,
157, 166, 220, 248, 287, 424
H e r a l d , Boston, Massachusetts, 605
Lexington, V i r g i n i a ,
598
Vicksburg, M i s s i s s i p p i ,
259
Washington, D . C . , 5 , 600, 601, 604
H e r a l d T r i b u n e , New York C i t y , New Y o r k , 1 , 5 9 , 120, 121, 600, 603
605
Highway c o n s t r u c t i o n , V i r g i n i a , 409
H i l l , W a l k e r , 133
H i l l ' s Golden R u l e , 268
-81H i n e s , W a l k e r , 265
Hinsch, C. A . ,
153
H i t c h c o c k , G i l b e r t M . , 50, 6 4 , 100, 1 0 6 ; 1 0 7 , 166, 245
Hitchcock Banking B i l l ,
H i t l e r , Adolf,
100, 103, 106, 107
533, 573
Hixon, F . P. 276
Hoarding,
593
Hobbs, S. F . ,
548
see a l s o Truman-Hobbs
Hoffman, C l a r e E . ,
Hogan, John V . ,
hill
548
112
Holden, Edward, 239
Holding companies, 120, 122, 156
F e d e r a l Reserve banks and, 446
Holding Company b i l l ,
Holdsworth, J . T . ,
485
164
H o l l i s t e r , W. R . , 316
Home economics, 234
Home Loan Bank B i l l ,
Home Loan B i l l ,
Hooker, J . N . ,
Glass-Borah amendments t o ,
433
264
Hoover, H e r b e r t ,
1 3 , 2 6 , 3 7 , 200, 263, 573, 608
J . Edgar, 2 0 , 4o4, 4 1 7 ,
Hopewell, V i r g i n i a ,
11
590
611
-82Horne, W. B . ,
98
House, E. M . , 1 , 3.1+, 1 5 , 3*+-3&, 52, 108, 156, 160, 161, 212-21*+,
390,
^ 9 8 , 5^2, 595, 607, 608, 611
memoir o f ,
52
Housing, l e g i s l a t i o n concerning,
515, 563
Houston, D. P . , 15, 3 3 , 133, 20*+', 281
Houston, Texas,
599
Howard, E. P . , 26*+
Howe, Edward L . ,
166
Hoxton, W. W . , 109
Huddles ton, V i r g i n i a ,
Hudson, C. I . ,
185
201+
Hughes, Charles Evans, 1 7 , 599
see a l s o Smith-Hughes
bill
H u l b e r t , E. D . , 3 3 , 7 5 , 9 1 , 103, 105, 106, 111, 112, 136, 15**, 157,
166, 215, 220, 2*+8, 266, 275
Murray, 26*+
Hull, Cordell,
1 3 , 1 7 , 360, 362, 51*+, 5*+0, 553
amendments to F e d e r a l Reserve System, 30, 35
amendments t o MacFadden N a t i o n a l Bank B i l l ,
r e c i p r o c a l t r a d e program, 557
Hutcheson, John, 1+8*+
380, 608
I
I c k e s , Harold L . , 13, 17, bo,
Illinois,
2^7, 283, ^13, ^83« W ,
5319 5^5
^93
Manufacturers 1 Association o f , 552
Treasurer o f ,
56^
Imboden, D. G«, 92
I m m i g r a t i o n , 609
l e g i s l a t i o n c o n c e r n i n g , 320, 365, 388
Immigration b i l l ,
Import d u t i e s ,
Johnson, 365
221
Importation controls,
593
Income, d i s t r i b u t i o n o f ,
n a t i o n a l , 507
Income t a x f o r m s , 253
5^2
Income t a x e s , 272, 277, 368
l e g i s l a t i o n c o n c e r n i n g , 368
pay-as-you-go p l a n , 578
receipts from, 216, 577
w a r t i m e , 563
Independent Bankers Association, 513
Independent Offices B i l l , *+60
Indiana, 526
Bankers 1 Association o f , 106
I n d i a n a p o l i s , Indiana, American Farm Bureau Federation, 37^*
indianapolis s t a r ,
-706+I n d u s t r i a l bank, r e g i o n a l , establishment o f , 508, 509
" I n d u s t r i a l Board," 265
I n d u s t r i a l Credit Act of 1931*, amendment proposed t o , 1+72
I n d u s t r i a l democracy, 267
I n d u s t r i a l Loan Corporation, see Mead,
bill
I n d u s t r i a l loans, 1+1, 1+3, 120, 121
I n d u s t r y , Federal Reserve bank loans t o , 1+1, 120, 121
Inflation,
10, 65, 112, 158, 210, 253, 266, 267, 277, 281+, 36O,
511, 529, 537, 539, 5*+0, 56*+, 579, 581, 591
593, 598
I n f l a t i o n b i l l , 1+39
I n f l a t i o n currency, 112
I n g l e , W i l l i a m , 137
I n h e r i t a n c e taxes, 1+31
Injunctions,
51
Inland S t e e l Company, 577
I n q u i r e r , P h i l a d e l p h i a , Pennsylvania, 605
I n s t a l l a t i o n sales, r e t a i l ,
567
I n s t a l l m e n t c r e d i t , 568, 580
I n s t a l l m e n t sales, 566
I n s t i t u t e of Public A f f a i r s , U n i v e r s i t y of V i r g i n i a ,
Insurance, f i r e ,
152
government, 220, 259
life,
552
mutual, 579
123
-35I n s u r a n c e , war r i s k ,
39, 226, 255, 258, 262, 267 9 268
I n t e r - A m e r i c a n Bank B i l l ,
amendments proposed t o ,
F e d e r a l Reserve Board 9 s o p p o s i t i o n t o ,
I n t e r - A m e r i c a n Bank C o n v e n t i o n [ 1 9 l M ] f
583, 58^
583
58W
I n t e r - A m e r i c a n Bank C o r p o r a t i o n , l e g i s l a t i v e h i s t o r y o f 9
Interest
58^
expense, 160
I n t e r e s t r a t e s , 9 , 22, 50, 6 5 , 72, 9 S
119, 120, 132, 217, 266,
392,
529, 530, 56^, 585, 610
I n t e r l o c k i n g bank d i r e c t o r a t e s ,
110 ? 111,
132, 133? 135, 160, 161,}
163, 506, 5*+3, 553
I n t e r n a t i o n a l commodity i n d e x ,
2^9
I n t e r n a t i o n a l d e b t s , 320
I n t e r n a t i o n a l f i n a n c e , 73, 2 ^ 5 ,
5^9
I n t e r n a t i o n a l r e s e r v e bank, 3*+
International trade,
51^,
53^
I n t e r n a t i o n a l v a l u e o f t h e d o l l a r , M+5
I n t e r s t a t e commerce, see Commerce,
interstate
I n t e r s t a t e Commerce A c t o f 193^, amendments proposed t o , see P e t t e n g l l l
Bill
I n t e r s t a t e Commerce Commission, 21*+
c o a s t a l and i n l a n d waterways and, 557
f r e i g h t f o r w a r d i n g companies and, 57^
•investment companies, c o m m e r c i a l banks a n d , 602
-86Investment t r u s t s , ^ 3 , 5^6, 586
Investments, r a t e of r e t u r n on, 570
Iowa, 519
Bankers Association o f , 26k
I r e l a n d , independence o f , 320
Isolationism,
533
J
Jackson, Robert C . , 16
Jackson Day, 280
J a c k s o n v i l l e , F l o r i d a , Federal Reserve branch bank o f , 256, 266
James, A . ,
611
Janney, John, k25
Japan, aggression o f , i n China, 555
pre-World War I I a c t i v i t i e s ,
533
United States a l l i a n c e w i t h , 198
United States shipments of m a t e r i a l s t o , 552
war between China and, 552
Jay, Henry B . , 137
P i e r r e , 207, 210, 211, 2^8, 266, 275, 276
J e f f e r s o n , Thomas, 38, 130, 561
publishing of the works o f , 589
J e f f e r s o n B i c e n t e n n i a l Commission, 38, 560
-87J e f f e r s o n Day C e l e b r a t i o n , Glass® speech a t , 97
Jefferson Day Dinner, 198
Jefferson Memorial, V71*
Jeffersonian principles,
529
J e f f r i e s , E. D . , 568
Jenks, J. W., 76
Jewelry, manufacturer's tax on, 567
r e t a i l sales t a x on, 566
Jews, 585
John Brown M i l i t a r y Park, *+82
Johns Hopkins U n i v e r s i t y , hO
Johnson, A l b e r t , 220, 365
Edward S . , 266
Hiram, 291
Hugh S . , 17, 2^7, 283,
61**
J. H . , 105
Jackson, 137
James W., 271
Joseph French, 77, 78
Johnson A c t , 5*f6, 5^7
Johnson Immigration b i l l ,
365
J o i n t Stock Land Banks, * f l l
Jones, Arthur R . , 266
-88Jones, E. E . , 503
J.
S . , 137
Jesse H . , 7 , 37, 413, 440, 46?, 485, 489, 505, 572
M a r i n , 548, 557, 568
Jones amendment, t o House R e s o l u t i o n 4276, 569
Jones-Wheeler b i l l , 546, 548, 557
J o r d a n , R. L . ,
61
J o u r n a l o f Commerce. 121, 604
J o u r n a l o f P o l i t i c a l Economy, 166
J u l i a n , W. A . ,
267, 275
K
Kansas, 220, 519
Kansas C i t y , Kansas, F e d e r a l Reserve Bank o f , 139, 260, 278
Kaplan, A l , 41
S o l u t i o n o f the D e p r e s s i o n , 4 1
Emanuel, 4 1
Samuel, 4 1 , 4 2 , 267
Keasbey & M a t t i s o n Company, Ambler, P e n n s y l v a n i a , 167
K e g l y , C. P . ,
152
K e l l e y , N i c h o l a s , 204
see a l s o C o p p e r - K e l l e y
bill
-89Kellogg, F. B . , 15, 201, *+01, 610
Kellogg Peace Pact, 15, *+01
Kellogg-Wadsworth b i l l ,
610
K e l l y , H. B . , 31
Kemmerer, Edwin W., 78, 80, 92, 16*+, 166, 1+26, 508, 529
Kenedy,
F o s t e r , 533
Kennedy, Joseph, 12*+, 1+87, *+90
Kent, E. D . , 61
Frank, 15
Fred I . ,
10
Fred J . , 277
Robert D . , *+8, 9k, 13*+, 208, 267, **75
W i l l i a m , 133
Kentucky, 78, 519
K e t t n e r , W i l l i a m , 267
Kimball, A l f r e d R . , *+3
Kindergarten B i l l £X9l#03, 553
King, W i l l i a m H . , *+21, ^ 0 ,
508, 510
K i p l i n g e r , W i l l a r d M., 267
K i r b y , John, 16*+
K i t c h i n , Claude, 5*+, 201
K i t c h i n amendment, 201, 202, 210
K i t c h i n b i l l , *+7, 5*+, 202, 206, 207, 223
Kleberg, Richard M . , 5**6
-90Knapp, George A . , 208
K n i c k e r b o c k e r P r e s s , 598
Knoeppel, C. E . , 267
K n o t t , Richard W., 112, 113
K o r b l y , Charles A . , 62, 9 2 , 102, 165, 166, 323
L
L a b o r , 261-263, 558
c o n d i t i o n s o f , f o r women and c h i l d r e n , 168, 368
d i s p u t e s c o n c e r n i n g , 471
l e g i s l a t i o n c o n c e r n i n g , 368, 461, 471, 472, 499, 510, 546, 558
N a t i o n a l War Labor Board, 558, 577
o r g a n i z a t i o n o f , 128
problems o f ,
241
r e l a t i o n s w i t h , 510
see a l s o under N a t i o n a l Labor R e l a t i o n s A c t
Labor-Federal Sedurity appropriation b i l l ,
Labor u n i o n s , 532
o f f i c i a l s o f , 128, 580
Ladd, Eld w i n F . , 327
L a f f e r t y , A. W., 113
L a F o l l e t t e , Robert M., 262, 503
LaFollette b i l l ,
546, 548
499
-91LaFollette C i v i l Liberties b i l l ,
LaFollette-Patterson B i l l ,
547
503
Lagess, J. B . , 61
Lake Cargo Coal case, 214
Lancaster, V i r g i n i a , 129
Land Bank, Board o f , 240
Land c r e d i t , l e g i s l a t i o n concerning, 134
Land holders, 94
Land Mortgage Bank b i l l ,
133
Landis, James M . , 490
Landon, A l f r e d M., 531
Lane, F r a n k l i n K . , 275
Lanham, F. G . , 563
Lanham Defense Housing B i l l ,
563
Lansing, Robert, 247, 272
Laughlin, J. Laurence, 52, 74, 75, 77, 7®, 93, 108, 163, 164, 287
Laundry s a l e s , tax on, 512
Lawrence, David, 213
Lea, C. F . , 546
see also Wagner-Lea b i l l
Leach, (A. B.) and Company, 72
League of Nations, 16, 234, 263, 271, 313, 602, 610
League of Women Voters, 484
Ledger-Dispatch. N o r f o l k , V i r g i n i a ,
601
-92Lee, J . B . , 5*+8
Lee b i l l ,
opposition t o ,
5^8
Leeds, R. G . , 605
Leffingwell,
Russell C . , 6 ,
1 6 , 21, 2 2 , 3 1 , 37, 20*+, 219, 2*f8,
250, 255, 262, 27^-278, 2 8 0 , 281, 283, 1*23,
leigh
Valley Railroad,
Lehmann,
266
F r e d e r i c k V?., 602
L e i b , Joseph, 565
L e i g h , Randolph, 73
Lend l e a s e , f o r Great B r i t a i n ,
57^
see a l s o V i c t o r y loans
Lenroot, I r v i n e L . , 119, 37**
L e s l i e ' s Weekly. 66
Levy, J e f f e r s o n M . , 53
Lewis, David J . , 9 2 , 239
Howard W., 106
James Hamilton, 268
Lexington, Kentucky, banker, 65
Lexington, V i r g i n i a , H e r a l d .
598
L i b e r a l P a r t y , f o r m a t i o n o f , 605
L i b e r t y bonds, 108, 216, 221, 237, 2*K), 253, 37^
as c r e d i t s ,
216
L i b e r t y Loan bonds, 209
W
-93L i h e r t y l o a n s , 199, 200, 209, 2^1, 253, 255, 258, 2 6 7 , 269, 277, 278
campaigns f o r , 253, 267
l i c e n s i n g , 219, 502
L i f e insurance business, government i n f r i n g e m e n t upon, 552
L i n c o l n , Edmond E , ,
539, 56W
Lincoln State Journal.
598
Lindbergh, Charles A . , 7h,
L i n d s l e y , Henry D . ,
Lippman, W a l t e r ,
133, 533
258
1 6 , 280
L i q u o r , r a d i o advertisement o f ,
regulation of,
Lisman, P. J . ,
555, 556
565
92
Lloyds Bank Monthly, 350
Loan a s s o c i a t i o n s , f e d e r a l , 5*+3
Loans, a g r i c u l t u r a l ,
bank, 18, 3 0 , b l ,
3 , 7 9 , 1 1 1 - 1 1 5 , 135, 1 5 5 , 557
51*, 6 5 , 6 9 , 7 7 , 7 9 , 9 ^ , 110, 132, 13>+, 201,
239, 2*+5, 387, 503, 506, 532, 537, 552, 585
brokers1,
call,
602-60^
77
collateral for,
commercial,
132, 605
135
cotton crop,
115
F e d e r a l Reserve bank, s e e - F e d e r a l Reserve banks,
f o r e i g n , 2 0 , 2 2 , 2 9 , 3 1 , 200, 20b,
government, 1 3 ,
22k
loans
2 7 7 , 3 8 7 , b O l , bkk
Loans, i n d u s t r i a l ,
see I n d u s t r i a l
loans
i n t e r e s t r a t e s on, 132, 392, 610
Liberty,
199, 200, 209, 2^1, 253 f 255, 258, 267, 269, 277, 278
n a t i o n a l bank, 92, 277
r e a l e s t a t e , 80, 93
Reconstruction Finance Corporation,
repayment o f ,
*+72
506
savings bank, 103
s t a t i s t i c s on, Mf6
t o bank d i r e c t o r s , 69, 201, 239, 2*+5* 552, 585
t o bank employees, 513
t o bank o f f i c e r s ,
552
t o business concerns, 505* 610
to education, V72
t o government, 13,
22b
to u n i v e r s i t i e s , *+72
V i c t o r y , 252, 255, 257, 262, 263
V i c t o r y L i b e r t y , 269, 278
war, c o l l a t e r a l f o r ,
wheat crop, 155
L o b b y i s t s , 5^5
Locey, George H * , 92
Lodge, Henry Cabot, 271
20^
-95Log-rolling,
511
Logan, M. M . , 546, 556
Logan-Walter b i l l ,
546, 548
Long, Huey P . , 4 4 , 448, 5 * 2 ,
600-602
Long and short h a u l l e g i s l a t i o n ,
Longevity B i l l ,
503
566, 567
Longmans, Green & Company, 558
Longshoreman's and Harbor Worker's Compensation A c t , 562
Longshoremen, wages o f ,
567
Los Angeles, C a l i f o r n i a ,
56
bank, 79
Farmers & Merchants N a t i o n a l Bank o f , 257
Louisiana,
524
bonded debt o f ,
601
L o u i s v i l l e , Kentucky, 605
Evening Post. 112
Love, T . B . , 33
Lubin,
David,
Ludlow, L. L . ,
515
Ludlow Peacie Amendment, 515
Lumber i n d u s t r y , O f f i c e of P r i c e A d m i n i s t r a t i o n and, 591
Lumber manufacturers, t a x a t i o n o f , 567
Lumber r e t a i l e r s ,
-96Lyford, L . E . ,
137
Lynch, James K . ,
65
Lynchburg, V i r g i n i a , 31, hi,
hB,
128, 167, 168, 171, 211, 228,
27h,
279, *+35, *+56, 529, 612
Advance. 125, 192, 215
bankers, 217, 220
banks, 163, 2*+2
Craddock-Terry shoe concern, *+8
I n d u s t r i a l Savings and Loan Corporation,
3^5
N a t i o n a l Bank o f , government deposits a t ,
280
News. 7 , 13, 17, l*t6, 150, 151, 192, 215, 257
Rotary Club,
31
United Loan and Trust Company, 222
Lynching, l e g i s l a t i o n a g a i n s t , 303, *+63, 516
M
McAdams, Thomas B . , 118, 119, 219, 235, 2hO, 2h&,
269, *+l8, 1*76, 61^+
McAdoo, W i l l i a m G . , l h , 2 0 - 2 2 , 26, 29, 31, 32, 3*+, ^ 3 , ^ 7 , 52-5*+,
57, 62, 65, 6 7 , 68, 72, 75^77, 9 2 , 9 3 , 9 6 , 103, I0*f,
117, 12h,
131, 13^, 15^, 166-168, 201, 206, 208, 209, 216,
219, 222, 2*+0, 2h7,
h82,
113-115,
hQh, 5kh,
269, 272, 275, 276, 323, ^13, ^19,
6Cih, 609,
Slh
h2h9
-97McAdoo b i l l
[S23**7], *+82
McArthur, Douglas, 250
McCaleb, Walter F . ,
59
Guarantee on Insurance of Bank Deposits, 128
McCallum, Helen Cannon, I+03
McCarron, P a t ,
5^
McCarthy, J . M . , 163
MacCauley, T . B . , 605
McConkey, James G . , 138
McCord, Joseph A . , 269
McCormiek, Vance C . , 38^
W. M . , 2W0, 2^1
McCulloch, C h a r l e s ,
I63
Macdonald, Bruce J . ,
Stewart,
81
5^6
McDougall, J . B . ,
269
McFadden, Louis T . ,
2^0, 380, 1+13, klQ
see a l s o Pomerene-McFadden b i l l
McFadden A c t s , 5*+, 118, 152, *+23
McFadden b i l l s ,
8 , 9 , 1 5 , 3 0 , 3 5 , 1+3, 6 5 , 8 9 , 153, 15*+, 159, 160, 168,
220, 31^, 33^, 363, 380, 387, 389, 1+21, 1+23, *+2*+, 608
M c l n t y r e , M. H . , 6ll+
McKee, J . K . , 23, 98
-98M c K e l l a r , Kenneth D . , 2 2 , 270,, 1+99, 568
McKenna, R e g i n a l d , 279
McLawin, J . H . ,
208
McLean, Angus, 19,
M8
McLellan, George P . ,
McLemore, A. J . ,
108
155
McLemore r e s o l u t i o n ,
McNary, Charles L . ,
155
367
McNary B i l l , 1+28
McNary-Haugen Farm R e l i e f b i l l ,
McReynolds, J . C . ,
367, 608
55
McVeagh, F r a n k l i n , I 6 3 , 16*+
Magee, Wayland W., 158
M a g i l l , Roswell, 585
Maine, 519
Maloney, P. H . ,
Maloney b i l l ,
5^6
concerning sugar i n d u s t r y , 5*+6
M a l t i s o n , R. W., 78
Manassas, V i r g i n i a , N a t i o n a l Park, *+87
Manganese i n d u s t r y , R e c i p r o c a l Trade Agreement and,
Manley, B a s i l , *+03
Mann, M r . , 5*+
Hanson, N a t h a n i e l C . , 23
-D9Manufgcturers,
t a x a t i o n o f , 244, 566
M a n u f a c t u r e r s Record, 275, 363
Mapp, G. W a l t e r , 20, 366, 384, 614
Margin r e q u i r e m e n t s , 605
Margin t r a d i n g , 27
M a r s f i a l l , John, 138
Thomas R . , 269, 276
M a r t i n , Thomas 3 . , 7 5 , 234, 253, ?64, 270, 285
W i l l i a m M., 248
M a r v i n , D„ M . , 550
M a r y l a n d , 524
b a n k e r , 40
banks, 241
Union T r u s t Company o f , 543
Massachusetts, 59, 524
Governor o f ,
Maternity b i l l ,
252
348
Mathews, G. D . , 584
Matthews, S t a n l e y , 112
Mattison, R i c h a r d V . , 167
Maybank, B. R „ , 585
Maybank b i l l of 1944, 585
-100Mayes, 0 . B . ,
10b
Mead, J . M . ,
556
S. C . , 328
Mead b i l l ,
opposition t o ,
556
Meade, James, 5b8
Meat p r i c e s ,
O f f i c e of P r i c e A d m i n i s t r a t i o n and,
Medicine, l e g i s l a t i o n
concerning,
Meek, Charles E . , 9 2 , 93
Meeker, R o y a l , 2 6 , 3 2 , 7 7 , 7 8 , 213, 2^8
M e l l o n , A. W . , lb,
Mellon tax plan,
2 0 , 2 1 , 2 9 , 20*+, 2 8 0 , 367
280
Memphis, Tennessee, 322
Merchants and Manufacturers A s s o c i a t i o n ,
M e r r i l l , Bradford,
Mershon, John D . ,
577
157
392
Methodist Church, 1+91, 607
M e t r i c system, l e g i s l a t i o n concerning,
302
Mexican War of 191^, 69
Meyer, Sugene, 1 2 , 1 8 , 1 9 , 1 2 0 , 121, ^ 1 8 , 1*23
Mrs. Eugene, 1 8 , *+99
Michelson, J . ,
587
M i c h i e , H. F . ,
61
Michigan,
banker,
52b
8l
-101Michigan S t a t e U n i v e r s i t y , l i b r a r y ,
15b
M i l i k e n , R. C . , 7b
Military draft,
566, 567, 570, 576, 579
M i l i t a r y T r a i n i n g Camps, b8b
M i l l e r , A. C . , 6 , 20, 2blt
Charles,
2b8
56
Douglas, 533
E. P . ,
211
Francis Pickens, 7 , 573
J. E . , 510, 576
J . Z . , 278
John M . , 3 0 , 220
John M . , J r . ,
Royal J . ,
392
15b
Miller-Tydingx f a i r trade b i l l ,
502, 576
M i l l e r - T y d l n g s Resale P r i c e Maintenance A c t ,
M i l l s , A. L . ,
153
Ogden, 161, 606, 608
M i l t o n , George F . , 23
Milwaukee, Wisconsin, 56
Mine i n s p e c t i o n ,
557
Mine i n s p e c t o r s , q u a l i f i c a t i o n s f o r , 576
M i n n e a p o l i s , Minnesota, 200
bank, 165
F e d e r a l Reserve bank o f , Governor o f , 270
-102Minnesota,
526
Citizens6
League o f ,
Mississippi,
59
b92
banker, 260
State Senate, 5
M i s s o u r i , 3 1 , 526
bank, 160
M i t c h e l l , Charles E . , 6 , 2 7 , 73, 2 6 0 , 389, kQ3,
1+23, b$2
W i l l i a m D . , 1 9 , 283
M i t c h e l l , South Dakota, G a z e t t e .
Moehlenpah, H. A . ,
598
160
Moley, Raymond, 2 5 , W62
M o n d e l l , F . W . , 70
Monetary Commission, 6 8 ,
Mondell b i l l , 111
115
Monetary l e g i s l a t i o n , b i b , 1+77, *+78, 600
see a l s o under s p e c i f i c s u b j e c t s , such a s , Banking a o t s , Curreney b i l l , etc.
Monetary p o l i c y ,
551
Monetary problems, *+5
Monetary r e f o r m , 269,
57b
Monetary s t a n d a r d s , readjustment o f , 259
Monetary system, D e l a n o ' s proposal t o r , 5*+9
Monetary t e c h n i q u e , 362
-103Money, c o m p o s i t i o n o f , 269
expansion o f supply o f , 163
f u n c t i o n o f , 55
purchasing power o f , 259
supply o f , 269
w i t h h o l d i n g o f , 543
see a l s o Currency
Money m a r k e t , 204
Money t r u s t , 62, 157
Monopolies, 133, 546
l a w y e r s ' , 576
Montague, A. J . , 93, 484, 490
Montana, 524
Montgomery Messenger. Chrlstiansburg, V i r g i n i a , 72
Monticello, Virginia,
Moomaw,
130
B. F . , 363
Moore, George, 210
R. Walton, 7 , 384, 483, 490
Moratorium, 450
Morawetz, V i c t o r , 24, 106, 108
Morgan, D. T . , 134
Frank, 401
J . P . , 198, 598, 501, 604
Congressional i n v e s t i g a t i o n o f , 398, 413, 4 3 6 , 601
-10WMorgan ( J . P . ) and Company, 98, 283, 538
Morganthau, Henry, 7 , 20, 36, 2^8, 1*98, 505, 506, 530, 558, 563, 583,
586, 590
Mornlng Mercury. New Bedford, Massachusetts, 607
Morning Telegram, New York C i t y , New York, 68
M o r r i l l , Chester, 161, M*6, i*7^, 585, 587
Morris [Robert] Associates, 200
Morris plan,
Morrison, Prank, 7b
Morse, Charles A . , 77
Mortgage Discount Banks, 13
Mortgages, government confiscation o f , 71
i n t e r e s t r a t e s on, 552
real estate, b
Moses, George H . , MfO
Moss, R. W., 100, 2^+0
Moss B i l l ,
100
Motion p i c t u r e i n d u s t r y , i n v e s t i g a t i o n of pro-Nazism i n , 533
Motor v e h i c l e s , tax on, 1*31
Meyer, Alexander, *+6
Muhleman, M« L . , 128
Municipal bonds, 92
tax on, 503, 512, 577
-105Munlclpal s e c u r i t i e s ,
105, 578
Murdock, Abe, 562
Murdock-Gillette B i l l
( S . 1 8 6 1 ) , 562
Murray, Laurence A . ,
Muscle S h o a l s , Alabama, 330, WlO, *+28
Musser, G. W., 113
Mutual i n s u r a n c e companies, t a x a t i o n o f , 579
Mutual savings banks, F e d e r a l Reserve System and, 220
M y r i c k , H e r b e r t , 113
N
l
i
Nagan, A d o l p h u s , W03, +0 i
Nash, L o u i s , 55
Nashville,
Tennessee,
Federal Reserve banks of, 372
Nathan Tucker L a b o r a t o r y , 513
N a t i o n a l A s s o c i a t i o n o f B u i l d i n g Owners and Manufacturers, 578
N a t i o n a l A s s o c i a t i o n o f C r e d i t Men, 56, 70, 71,
210, 211, 2M+, 609
magazine o f , 108
s e c r e t a r y o f , 208, 2bk
s e c r e t a r y - t r e a s u r e r o f , 108
N a t i o n a l A s s o c i a t i o n o f M a n u f a c t u r e r s , 16^, 562
N a t i o n a l Bank A c t , 31, 5*+, 239
102, 115, 135,
-106N a t i o n a l Eank A c t , amendments proposed t o , 22, 4 5 , 155, 158,
163,
195, 240, 242, 537
bill
to " l i b e r a l i z e "
reforms i n ,
t h e , 536
45
revision of,
132
N a t i o n a l Banking A c t ,
155
N a t i o n a l banking a s s o c i a t i o n s , r a t e o f i n t e r e s t ,
224
N a t i o n a l b a n k i n g system, 5 7 , 155
N a t i o n a l B a n k r u p t c y Law, 135
N a t i o n a l banks, see Banks,
national
N a t i o n a l C i t i z e n s League, 5 0 , 59, 6 9 , 7 5 , 77
N a t i o n a l C i t y Bank, New York C i t y , 4 7 , 6 4 , 6 6 f 7 5 , 324, 239,
273, 452
National Cotton Council, president o f ,
571
N a t i o n a l C r e d i t C o r p o r a t i o n , 418
N a t i o n a l Currency A s s o c i a t i o n ,
110
N a t i o n a l d e b t , 5 9 , 552
N a t i o n a l d e f e n s e , see Defense,
national
N a t i o n a l Economy League, chairman o f , 547
N a t i o n a l Farm Finance A c t , F e d e r a l Farm Loan s e c t i o n o f ,
N a t i o n a l H e a l t h program, 553
N a t i o n a l i n c o m e , 507
N a t i o n a l Labor R e l a t i o n s A c t , 510, 514, 5 4 6 , 552, 557
see a l s o Wagner Labor R e l a t i o n s
Act
113
341,
-107N a t l o n a l Recovery A c t , 16, 451, 454, 528, 542, 550, 600
o p p o s i t i o n t o , 457, 481
N a t i o n a l Recovery A d m i n i s t r a t i o n , 17, 283
N a t i o n a l Reserve, p l a n f o r a , 424
N a t i o n a l Reserve a s s o c i a t i o n s , 50, 64
N a t i o n a l s e r v i c e a c t , 503
N a t i o n a l Sr.oe Wholesalers A s s o c i a t i o n ,
223
N a t i o n a l War Labor Board, 558, 577
N a t i o n a l Wholesale Dry Goods A s s o c i a t i o n ,
N a t i o n a l Wool Acceptance Bank, 4 1 , 42
Nazism, economic c o n t r o l o f Prance b y , 573
i n motion p i c t u r e i n d u s t r y ,
533
Nebraska, 373, 523
banking laws o f , 168
credit relief
f o r farmers o f , 373
newspaper, 165
Neeley, G. A . , 6 2 , 93
Neeley amendment, 62
Negro p r o b l e m s , 337
Negro s u f f r a g e , 363
Nelson, Donald M . , 578
F r a n k , 484
John M., 93
Nelson, Cook and Company, 61, 604
208
-108Nesbi t , W a l t e r 9 564
N e u t r a l i t y , l e g i s l a t i o n c o n c e r n i n g , 502, 513, 514
N e u t r a l i t y A c t , 547, 566, 567, 571
Nevada, 520
New B e d f o r d , Massachusetts, Morning Mercury^ 607
New D e a l , 6 , 24, 415, 530, 542, 561, 570, 604, 605, 611
agencies o f the, 545
Glass 1 stand on, 24, 607, 609
l e g i s l a t i o n o f , 605, 611
p o l i c i e s o f , 479
New England, b a n k e r s , 8
New Hampshire, 520
New J e r s e y , 33, 525
bank, 63
b a n k e r , 94, 574
Mommouth County Bankers A s s o c i a t i o n , 152
newspaper, 475
New Mexico, 524
New O r l e a n s , L o u i s i a n a , S t a t e s . 60X
New York ( s t a t e ) , 517, 518
b a n k e r s , 57, 6 4 , 7 5 , 9 6 , 112
banks, 199, 260, 537
s u p e r i n t e n d e n t o f , 587
Chamber o f Commerce, 271, 602
C l e a r i n g House, 238
Commerce and I n d u s t r y A s s o c i a t i o n ,
591
-109New York ( s t a t s ) ,
C r e d i t Men's A s s o c i a t i o n ,
Economic C o u n c i l ,
161
577
Merchants A s s o c i a t i o n ,
221
Committee on Banking o f t h e , 328
Produce Exchange Annex, 57
S o c i e t y o f C e r t i f i e d P u b l i c A c c o u n t a n t s , Committee on F e d e r a l
Taxation,
472
S t a t e B a n k l n g B o a r d , 687
see a l s o under New York C i t y , New York
New York A m e r i c a n . 55
New York C e n t r a l R a i l r o a d ,
266
New York C i t y , New Y o r k , 128, 218
Chase N a t i o n a l Bank, 29, 224, 602
C o m p t r o l l e r o f ( D e p u t y ) , 5 4 , 57
D a l l y News. 593
Economics C l u b , 7 1 , 224
Evening
Journal»
697
Evening P o s t . 4 6 , 6 6 , 126, 5 9 6 , 597
Evening
World,
597
F e d e r a l Reserve Bank, 9 , 14, 154, 2 0 6 - 2 0 7 , 2 3 8 , 260, 2 6 6 , 3 6 4 ,
373, 374, 3 9 0 , 508, 6 3 9 , 683
F e d e r a l Reserve B o a r d , 445
Governor o f , 250, 273, 4 1 2 , 537
deputy,
244
-110New York C i t y , New York, F i f t h National Bank, 267
F i r s t National Bank, 239
Greenwich Bank, 66
Herald Tribune, 1 , 69, 120, 121, 600, 603, 606
Morning Telegram, 68
National Bank of Commerce, 268
N a t i o n a l City Bank, 47, 7 5 , 224, 239, 2 7 3 , 452
L e t t e r . 64, 66, 241
Sun, 195
Times, 15, 26, 27, 73, 80, 126, 130, 137, 271, 329, 389, 600-603, 609
World. 245
see also under New York
(state)
New york Journal of Commerce. 604
New York Outlook. 71
Newark, New Jersey, Evening News. 272
Newcomb, John L . , 37
Newport News, V i r g i n i a , D a i l y press. 598
News. Lynchburg, V i r g i n i a , 7 , 13, 17, 146, ISO, 151, 192, 215, 257
News. Waco, Texas, 599
News and Observer. Raleigh, North C a r o l i n a , 256
News Leader. Richmond, V i r g i n i a , 259, 602
News l e t t e r . San Francisco, C a l i f o r n i a , 68
N i c h o l s , J . M,, 160
Nicholson, J . S h i e l d , 537
Noel, J . R . , 153
-IllNorbeck, P e t e r , Wl8, 538
N o r f o l k , V i r g i n i a , 1*3
American Legion o f , 562
bank, 13«+
601
Ledger,
port o f , 337
sea w a l l a t ,
^91
virginian-Pilot,
213
N o r r l s , George W., 3, 9 , 392, >+10, 572
Norris b i l l , 13*+
North American, 60^
North C a r o l i n a , 92, ^92
Bankers Association, 15**, 200
branch banking i n , 152
newspaper, 13
North Dakota, 507, 520
Norton, V i r g i n i a ,
128
Norway, 588
Norwich, New York, bank, 63
Notes, bank, see Bank notes
circulating,
s e c u r i t y f o r , 115
Federal Reserve, see Federal Reserve notes
forgery o f , 205
government, see United States, Department of the Treasury, notM
n a t i o n a l bank, see Banks, n a t i o n a l , notes of
-112Notes, p o s t a l s
second c l a s s , 348
redemption o f , 50, 105
stamp t a x on, 221
United S t a t e s , see United S t a t e s , Department of the Treasury, notes
Nova S c o t i a , 520, 522
Noyes, A. D . , 8 0 , 248, 389
Nye, Gerald P . , 36, 401, 404
W. D . , 436
0
O ' B r i e n , James, 403, 404
Ocala, F l o r i d a ,
108
0'Conner, J . F. T . , 4 1 1 , 474, 476, 490, 640
O f f i c e o f P r i c e A d m i n i s t r a t i o n , 578, 685, 691-693
A d m i n i s t r a t o r , 577, 578
e x t e n s i o n o f , 593
law, 593
p o l i c i e s o f , 591, 592
p r i c i n g methods o f , 593
unions and, 593
Ohio, 492
b a n k e r , 160
O i l i n d u s t r y , 13
f e d e r a l c o n t r o l o f , 567
Oklahoma, 31, 7 2 , 507, 617
-113Oklahoma C i t y , Oklahoma, 255
Federal Reserve branch bank o f , 257, 258, 260
Old age p e n s i o n s , 457, 568
O'Mahoney, Joseph C . , 502
see a l s o Borah-O'Mahoney L i c e n s i n g b i l l
Open m a r k e t , 120, 122
Open Market Committee, 486
Open market o p e r a t i o n s , 6 2 , 596, 597
O p t o m e t r i s t s , 510
Oregon, 247, 524
O r r , W. W., 211
O u t l o o k . 455
Overtime p a y , 558
O v e r t o n , J . , 448
Owen, Robert L . , 3 , 10, 12, 13, 21, 22, 26, 3 3 , 3 6 , 4 7 - 5 0 , 5 2 , 5 7 ,
6 1 , 69, 7 3 , 7 5 , 9 5 , 102, 114, 134, 154, 167, 163, 166,
213, 221, 224, 241, 248, 272, 274, 278, 230, 323, 374,
419, 482
Owen b i l l o f 1913, 5 0 , 5 5 , 56, 5 9 , 424
"Owen-Glass B i l l ,
Some C r i t i c i s m s and Suggestions," 73
P
Packing i n d u s t r y ,
262, 270
P a f f r a f f , E. A . , 9 4 , 114
Page, A r t h u r W,, 157, 213, 397
-114P a i s h , George, 43
Palestine,
585
Palladium, Richmond, V i r g i n i a ,
Palmer, A. M i t c h e l l ,
James E . ,
530,
605
5 3 , 167, 270
544
Pan American F i n a n c i a l Conference, 269, 274
Panama C a n a l , l e g i s l a t i o n f o r t h e ,
for
workers,
567
favor566
Paper, commercial, 7 4 , 113, 115, 136
commodity, 53
e l i g i b l e , 92, 125, 133, 220, 237, 244, 270, 4 l 8 , 423,
Par check c l e a r a n c e , 1 0 , 12, 58, 6 6 , 154, 160, 212, 2 7 4 , 4 2 1 ,
Par check c o l l e c t i o n ,
Par r e m i t t a n c e ,
Paris,
374
P a r i t y p r i c e s , base p e r i o d f o r c a l c u l a t i o n o f ,
f o r wheat,
557
510
percentage o f ,
577
Parker, G i l b e r t ,
130
Parkhill,
Charles B . ,
403
P a r k s l e y , V i r g i n i a , N a t i o n a l Bank o f , 42
P a s s a i c , New J e r s e y , 475
Daily
Herald
134
Merchants Bank, 4 8 , 9 4 , 134, 208, 267
P a s s p o r t s , t o Europe, ®67
J85,
6 4 , 6 6 , 119, 136, 136, 152, 211, 286, 392
France, U n i t e d S t a t e s Bnbassy, 247, 250
extension o f ,
538 f
576
Patent o f f i c e ,
563
Patman, W r i g h t ,
Patman b i l l ,
515
515
P a t t e n , Thomas G . , 6 2 , 7 9 , 93
Patterson,
E. M . , 103, 167
Edward W . , 503
Peace Conference of 1919, 15
Peek, George N . , 37
P e g l e r , Westbrook,
563
Penrose, Boise, 7 , 20*+
Pensions, o l d age, *+57, 567,
s e r v i c e men's dependents',
P e o r i a , I l l i n o i s , 167
P e p l e , Charles A . ,
12
Pepper, George W . , k8?
Perrln,
John, 207, 211, 2M-1,
P e r r y , Gardner B . ,
56^
George, M-37, W89
H, H . ,
265
Pershing, John J . ,
Persons, J . C . ,
253
160
Peters, William H.,
558
Petersburg, V i r g i n i a ,
128
newspapers, 1 5 , 100, 315
Progress-Index,
606
-116Petrillo,
James C . ,
Pettengill,
579
Samuel D . , ^ 1 8 , >+26
P e t t e n g i l l b i l l , 1+72
Phelan, M i c h a e l F . , 6 3 , 2*+2
Phelan b i l l ,
2k2
Philadelphia,
bankers,
Pennsylvania, bank, 165
161
F e d e r a l Reserve Bank o f ,
Inquirer.
3 , 5 2 , 161, 392
605
newspaper, 62
P u b l i c Ledger.
Record,
599
2 7 , 60*f
P h i l i p p i n e I s l a n d s , gold reserves o f , M-86
P h i l l i p s , E. R a l e i g h ,
125
Pioneer Press. S t . P a u l , Minnesota,
597
P i t t m a n , Key, 216, 219, 270
Pittman A c t ,
270
Pittman b i l l ,
216, 219
P i t t s b u r g h , Pennsylvaniaj 199, *+13
Post. 50
Press
Platt,
599
Edmund, 1 0 , 3 3 , 9 3 , l l 1 * , 118, 1 2 0 - 1 2 3 , 160, 2 0 2 , 2 2 1 ,
281, 285, 37>+, 392, *+21, 530,
5^5
272,
-117P o i n d e x t e r , M i l e s , 9*+
Poland, U n i t e d S t a t e s a i d f o r , 5*+6
Pole, J. W., U-06
P o l i t i c a l campaigns ( o f 1920, 192W, 1 9 3 6 ) , 607
see also under Democratic Party* and Republican P a r t y
P o l i t i c a l Science A s s o c i a t i o n , 20*+
Poll tax,
560, 579
P o l l a r d , John Garland, 212, ^20, 1+36, 1+83
Pomerene, A t l e e , 65, 263, 267
Pomerene-McFadden b i l l ,
Pondrom, J . A . ,
Porter, Paul,
65
27k
592
Portsmouth, V i r g i n i a ,
2 l 2 , 2*+6
S t a r , 26, 597
Post, P i t t s b u r g h , Pennsylvania, 50
Post. Washington, D . C . , 2^+, 605, 606
Post Dispatch, S t . Louis, M i s s o u r i , 602
Post O f f i c e , see a l s o United S t a t e s , Post O f f i c e
Department,
Post O f f i c e r e g u l a t i o n s of banking, 168
P o s t a l , see also United S t a t e s , Post O f f i c e Department, efce.
P o s t a l d e p o s i t s , 111
P o s t a l n o t e s , second c l a s s , 3^8
P o s t a l r a t e s , on books, 566, 567
P o s t a l Savings Banks, 133
etc.
-740P o s t a l savings f u n d s , 7 0 , 114
Pouch, W i l l i a m H . ,
161
P o w e l l , H. B . , 238
Powers, J . W., 59
Premium bonds, 264
Press, P i t t s b u r g h , P e n n s y l v a n i a , 599
Prettyman,
Forrest
Price, Harry,
J . , 400, 403
212
James H . , 498, 543
Price A d m i n i s t r a t i o n ,
Price c o n t r o l s ,
O f f i c e o f , see O f f i c e of Price Admlnistration
238, 273, 563, 567, 578, 592, 693
l e g i s l a t i o n c o n c e r n i n g , 5 * 2 , 591
P r i c e l e v e l s , 30, 277, 507, 509, 547, 678
P r i c e s , 9 , 481, 529, 534
drop i n ,
373
s t a b i l i z a t i o n o f , 506
P r i c i n g methods, O f f i c e of Price A d m i n i s t r a t i o n , 693
Primary e l e c t i o n s , 71
P r i n c e t o n , New J e r s e y , 7 8 , 166
Bank and T r u s t Company, 239
P r i n c e t o n U n i v e r s i t y , 7 7 , 589
Produce Exchange Annex o f New Y o r k , 57
Production,
246
-119542,
Production, r e s t r i c t i o n
of,*593
s c a r c i t y o f , 44
Profits,
h i g h wages and, 511
limitation of,
266
t a x e s on, 277, 512, 51*+
undistributed,
t a x on, 512, 514
Progress-Index,
Petersburg, V i r g i n i a ,
606
P r o h i b i t i o n , 4 3 , 387, 393, 4 1 2 , 433, 596, 6 0 8 , 611
l e g i s l a t i o n concerning, 69, 339, 368
Promisory n o t e s , f o r F e d e r a l Reserve l o a n s , t a x on, 238
Property Seizure A c t ,
568
"Proposals f o r the Establishment of a General I n t e r n a t i o n a l
Organization,"
P r y o r , D. C . ,
Public
362
114
Affairs
Abstracts,
594
Public Ledger. P h i l a d e l p h i a , Pennsylvania 9
Public Works A d m i n i s t r a t i o n ,
appropriations f o r ,
599
34
53**
Public works p r o j e c t s , approval o f ,
531
on r i v e r s and harbors, l e g i s l a t i o n concerning) 553
Virginia,
543
P u b l i c a t i o n s , a g r i c u l t u r a l , 6 1 , 70
Puelicher,
J , H . , 119, 276
-120
Pugh, Thomas JS., 577
P u j o , A. P . , 3 1 , Mf, 7 2 , 7 7 , 8 2 , 156
Pump p r i m i n g ,
511
Pure Food A c t , 1+57, ^71,
513
Q
Q u a r t e r l y J o u r n a l of Economics. 5^2
Quick, H e r b e r t , 2^2, 320
R
R a c i a l s e g r e g a t i o n , 1+0
Radford, V i r g i n i a , 128, 198
Radio b i l l ,
388
Radio broadcasting, 567
Radio s e t s , t a x on, 512
Radlow, Joseph, *+17
Ragsdale, W i l l a r d , 6 2 , 7 ^ , 80
R a i l r o a d accounts, 266
Railroad administration,
R a i l r o a d bonds, 219
Railroads,
266
c o n s o l i d a t i o n o f , 387
26V, 278
-121R a i l r o a d s , government ownership o f , 2^51 262, 263
governmental p o l i c i e s
Railway brotherhoods,
toward t h e , 553
387
R a i l w a y Labor A c t o f 1 9 3 S *+72
Raleigh^ North C a r o l i n a , k
News and Observer %
256
R a l s t o n , Samuel M . , 280
Randolph^ H o l l i n s N . , 16, 329, 373i 37*S ^90
John, 101
Randolph-Macon C o l l e g e , Ashland, Virginia, 609
Ransom, R o n a l d , 7
Raskob,
John J * ,
Rathbone, A l b e r t ,
Rationing9
M*0
366
578, 592
Rawson, F* H®, 276
Rayburn, Sam, 161, k71
see a l s o F l e t c h e r - R a y b u r n b i l l
Raymond, Sc W • , *+62
R e a l e s t a t e . 95
Real estate
80,
loans,^93
Real e s t a t e m o r t g a g e s , k
Real estate s e c u r i t i e s ,
132
-122R e c e i v o r s h i p s , bank, 118, 156
Reciprocal Trade Agreements, 510, 553, 556, 557
Reciprocal t r a d e program, 557
Reciprocal t r a d e t r e a t i e s ,
510
Reconstruction Finance Corporation, 18, 2 3 , 3 7 , 1+09, 1+59, 505, 508,
509, 535, 537, 585, 586
l o a n s , i+l, *+72
officials,
policies,
31
529
Reconstruction Finance Corporation A c t , amendments t o , 1 9 , 37
Record,
Philadelphia,
Pennsylvania, 27, 60l+
Recovery A c t , see N a t i o n a l Recovery Act
Recovery p e r i o d , 53*+
Virginia
"Red H i l l , " Hanover County, J 8
R e d f i e l d , W i l l i a m C . , 273
Rediscounting, if, 1 9 , 22, 53, 5*+, 56, 6 1 , 7 6 , 115, 130, 133,
353, 372, 601
acceptances f o r ,
273
c o l l a t e r a l requirements f o r , 2l+2
paper e l i g i b l e f o r , 219, 237, 2M+, 2*+5, 270
Rediscounting banks, a u x i l i a r y ,
538
Reed, David A . , >+23, 6 0 1
James A . , 5*+, 6>+, 105, 107, 108, 119, 156
217,
-123Regulation W, 562
R e l i e f , 210, 5l»f
appropriations f o r , 511
claims f o r , 237
European, plan f o r , 258
l e g i s l a t i o n concerning, 17, **28
programs f o r , 17
Renegotiation, problems concerning, 577
Rent Commission, 291
Rent controls,
591-593
l e g i s l a t i o n concerning, 562, 578, 591
Reorganization, l e g i s l a t i o n concerning, 3 8 8
Reorganization b i l l of 1938, 511
Republican. S t . Louis, Missouri, 50, 108
Republican Party, 109, ^20, 529
campaign of 1912, 100
Depression and, 37
Federal Reserve Board of Governors and, 157, 158
Federal Reserve System and, 6 , 7, 67, 130
gold standard and, 608
Republican National Committee, 372
Repudiation, of national debt, 552
Reserve associations, n a t i o n a l , 50
Reserve balances, 152
Reserve C i t y Bankers Association, 118
Reserve percentages,
-121+Reserve requirements, 166
*+01,
Reserves, 13, 68, 95, 110, >2*+, 506
bank,
57, 65, 66, 72, 79, 136, 15>+, 156
d e c e n t r a l i z a t i o n o f , 153
f i c t i t i o u s , 136
gold, 110
location o f , 79
s t a t i s t i c s on, M+6
stock, 68
see also Federal Reserve banks, reserves of
R e t a i l i n s t a l l a t i o n sales, 567
R e t a i l sales t a x , see Sales t a x , r e t a i l
Revaluation, of the d o l l a r , 57**
R e v l l l , R. R . , 133
Reynolds, Arthur, 9*+
George M., *+7, 50, 62, 79, 81, 9^, 100, 103, 106, 108, 110, 135,
155, 157, 166, 2>+8, 276, 60*+
Rhoades, John H . , 10*+
Rhode I s l a n d , *+92
Rhodes, Bradford, ICk
Richmond, V i r g i n i a , 167, 195, H08
American Bank, 398
American I n s t i t u t e of Banking, 279
-125Richmond, V i r g i n i a , bankers, k,
30, 65, 66, 68, 69, 216
banks, 220, 398
Business Men's Club, 69
Chamber of Commerce, 105
Federal Reserve Bank o f , 12, 29, ^2, 53, 63, 65, 69, 102, I l k ,
139, 165, 200, 217, 222, 2*f2, 279
deputy governor o f , 12
governors o f , 29, 22*+
Gordon and Brown Insurance Agency, 262
News.
Reader, 259, 602
Palladium,
605
TimesDispagch279, 597, 598, 606
Virginian,
597
Rines, E. p . ,
Ilk
Rivers, 515, 557
public works projects on, l e g i s l a t i o n concerning, 553
Rivers and Harbors b i l l ,
5^6, 566
Roanoke, V i r g i n i a , 29, 3*+, 85, 88, 89, 98, l»+8, 172, 173, 179,
180, 183, 188, 190, 195, 26k,
banker, 2^5
newspaper, 598
599
World News, 55, 599, 602
27k,
281, 38V
-126Robert Morris Associates, 200
Roberts, Floyd H . , 408, 474, 572
George, 45, 62, 8 l
Robertson, A. W i l l i s , 531, 545
Robey, Ralph, 598
Robinson, J. W., 598
Joseph T . , 418
Robson, A. F . , 114
Rochester, New York, 247
Rogers, James H . , 445
Romph, E. C . , 588
Roosevelt, Franklin D . , 6, 16, 24, 25, 37, 4 l , 361, 381, 408, 449,
459, 464, 474, 482, 486, 489, 497-501, 515,
527-531, 533-535, 537, 543, 544, 548, 560,
561, 583, 584, 597, 600, 602, 604, 613
Theodore, 483
Root, Elihu, 16, 130, 166, 585, 597
Roper, Daniel C . , 14, 257, 269, 272, 484
Rotary Club, Lynchburg, V i r g i n i a , 31
Federal charter f o r , 270
Roter, Daniel, 403
Rothschild, V. Sydney, 94, 243
-127Rouse, A. B . , 133, 163
Rove, L . S . , 1+09
Rudd, Channlng, 11*+
Rural c r e d i t s , 102, 10»+, l l W , 133-138, 152
l e g i s l a t i o n concerning, 132-137, 165-168
Russell, W i l l i a m F . , 5^3
Russia, see Soviet Union
Rutherford, J. C . , 53
S
Sabath, A . J . , 210
Sabine, Texas, R o y a l t y C o r p o r a t i o n o f , 570
S t . C l a i r , Palmer, 29
S t . Cloud, Minnesota, postmastership o f , 270
S t . Lawrence Seaway p r o j e c t , 510, 552, 558, 562, 563, 566, 568,
569, 5 7 S 576
S t . Louis, Missouri, 137, 163, 253, 275
bankers, 50
F e d e r a l Reserve agent o f , 388
F e d e r a l Reserve bank o f , 138, 129
Globe. 598
Globe Democrat, 603
PostDispatch,602
-128S t . Louis, Missouri, Republic. 108
Republican, 50
S t . Paul, Minnesota, American National Bank o f , 250
Pipqeer Press, 597
Salary b i l l ,
567
Sales t a x , *+27, ^31, 5^8, 566, 568, 577, 581
San Antonio, Texas, Express. 597
San Francisco, C a l i f o r n i a , 267
banker, 78
Federal Reserve agent o f , 2*+l
Federal Reserve Bank o f , 207, 222, 373,
^
News L e t t e r ,
San Francisco t r e a t y (19^5), r a t i f i c a t i o n o f , 612
Sands, O l i v e r J . , l i b , 125, 15*S 167, 216, 217, 2^8
S a t t e r f i e l d , David E . , ^3
Saturday Evening Post, 256
Saunders, Edward ¥ . ,
51
P e t e r , b07
Savings associations, f e d e r a l , 51+3
Savings banks, Currency B i l l and, 58, 59, 63, 105
Federal Reserve Act and, 103
loans o f , 103
mutual, 220
68
-12$Savlngs departments, Currency B i l l ' s provision f o r , 57
i n n a t i o n a l banks, 4 8 , 56
Savings d e p o s i t s , 60
i n t e r e s t on, 118, 122, 161, 462, 612
Savings funds, p o s t a l , 114
S c h i f f , Jacob H . , 112
Schools, p r i v a t e , public funds f o r , 503
Scott, W i l l i a m A . , 78, 108, 242, 320, 544
S e a t t l e , Washington, Commissioner of the port o f , 155
National Bank o f , 222
Seay, George J . , 29-31, U S
210, 222, 223» 248, 421
Illustrating the Expanded Condition of Bank Credit
S e c u r i t i e s , corporate, 304
government, 211, 260, 274, 529, 587
market f o r , 242
municipal, 105, 578
over-the-counter dealings i n , r e g u l a t i o n o f , 503
r e a l e s t a t e , 132
short s e l l i n g o f , 245
tax on, 579, 598
underwriting o f , 79, 91
see also e n t r i e s beginning Stock
S e c u r i t i e s B i l l , 606
-120Securities Exchange Act, amendment proposed t o , *+72
Securities Exchange Commission, 557
Security companies, bank association w i t h , 601
Segregation, r a c i a l , U-O
Seibert, Jacob, 152
Seldomridge, H. H . , 112
Seligman, Edwin R . , 35, 58, 73, 79, 125, 2»+8, 608
Senatorial courtesy, 6, 11
Settlement of War Claims Act, hC
Seymour, Charles, 1, 35, 162, 390, 608, 611
Shaffroth, Lavis, b22
Shaforth, John P . , 50
Shakespeare-Bacon controversy, *+08,
Shaw, A l b e r t , 389
L. M., 16UMorgan, 386, *f86
Sheffey, E. F . , 187, 210, 2*+3
S h e f f i e l d , Pennsylvania, National Bank o f , 59
Shenandoah National Park, ^33, ^7^
Sheppard, Morris, 68, 3*+8
Sheppara-Towner maternity b i l l , 3^8
Shepperd, William G., M-8MSherman, James 3 . , 212
John, 112
-131Shibley, George H . , 61, 130
Ship Brokers and Agents Association, 557
Ship building industry, 277
S h i r l e y , H. G., 283
Shoe Wholesalers' Association, 223
Short, John M., 26V
S h o r t - s e l l i n g , W 2 , VV3
Shouse, Jouett, 29, 33, 6V, 135, 2V8, 255, 258, 27V, 280, 399,
V07, V15
Shreveport, Louisiana, 17
Shuman, I r v i n g , 15V
S i b l e y , Edward W.,
81
Siebert, Jacob, 13V
S i l v e r , Gray, V8V
S i l v e r , coinage o f , 216, 270
government supply o f , 221
l e g i s l a t i o n concerning, V78
policy concerning, 508
renomination
of, 5
S i l v e r B i l l , 32, 579
S i l v e r Purchase Act, V 8 l , 508
S i l v e r purchase p o l i c y , 529
S i l v e r purchase program, 515
-132Simmons, F. M., 108
Wallace D . , 276
Sims, W. S . , 3^7
Skinner, Emma Ayres, 250
Skyline D r i v e , 474, 482
Slemp, G. B . , 39, 407, 610
Sloan, C. H . , 131
Small, John H . , 216
Sam, 26
Smallwood, Claude, 79
Smead, E. L . , 446
Smedley, W i l l i a m , 414
Smith, A. D . , 126
A l f r e d E . , 43, 98, 198, 386, 604, 608
Arthur Howden, 1 , 214, 389, 596
Mr. House of Texas. 160, 498, 611
The Real Colonial House, 1
C. E. W., 271
Charles B . , 72
Howard W., 223, 558, 560, 562
Rixey, 19, 39, 98, 125, 279, 397, 398, 413, M 4 , 490, 529,
534-536, 539, 540, 545, 612, 613
-133Smith a n t i - l a b o r b i l l , 558
Smith a n t i - s t r i k e b i l l ,
562
Smith-Hughes b i l l , 223
Smoot, Reed, 15^, 155, 27*+, ^59
Smoot-Hawley t a r i f f schedule, 510
Snyder, John W., 59^
Social Security Act, 51^, 539, 557
Social security tax, 512
Soft drinks, tax on, 567
Soldiers' bonus, 20W, 36O
see also Veterans' bonus
Soldiers' bonus b i l l , 286, 365, ^27
S o r r e l l , L. C . , 57
South America, bank, 50
South Carolina, 520
banks, 137, 279
South Dakota, 519
South Pole, 7
Soviet Union, 37, 570
United States loans to, 568
Spahr, Walter E . , M+5
Spain, embargo on arms t o , 511*
f i n a n c i a l s i t u a t i o n i n , 250
Speculation, see Stock speculation
-13V-
Spencer, E. B . , 79
Speyer and Company, 108
Spotsylvania B a t t l e f i e l d Park, 397
Sprague, 0. M. W., 29, 75, 78, 95, 108, 11V, 159, 16V
Spreckels, Rudolph, 63, 78
Spurlock, Rebecca, 387
Square Dealers, VV8
S t a b i l i z a t i o n , of the d o l l a r , 9, 250, 27V, 506, 58V
p r i c e , 506
S t a b i l i z a t i o n Extension B i l l , Office of Price Administration and,
592
S t a b i l i z a t i o n fund, 587
Stamp, C. B . , V8V
Josiah, 605
Stamp t a x , on short term notes, 221
Star. Portsmouth, V i r g i n i a , 26, 597
Star routes, l e g i s l a t i o n concerning, 502
State bonds, 92
tax on, 577
Staten I s l a n d , New York, Advance. 533
States. New Orleans, Louisiana, 601
Staunton, V i r g i n i a , 15
S t e a g a l l , Henry B . , 5, 361, V53,
W
Steagall B i l l , 606
set also
Fletcher-Steagall
Act; Glass-Steagall Act; and
-135Steel Industry, taxes and, 570
Stephens, Hubert D . , 75
Jefferson D . , 10*+, 167
Louis V . , 107
Stern, J. David, 161
Stevens, Hulbert
39
Stewart, Robert T . , 2*+, 31
Stickney, A. B . , 61
Stimson, Henry C», 560
Stock, see also Securities
Stock Control B i l l , 605
Stock Exchange B i l l , M-58, 605
Stock Exchange I n q u i r y , k07, *+53
Stock market, 2**2, 2^5
crash o f , 605
i n 1929 and the early 3 0 ' s , 60*+
i n v e s t i g a t i o n o f , M-32
tax on transactions o f , **0*+
Stock promotions, 273
Stock reserves, 68
Stock shares, 27*+
Stock speculation, *+, 6 , 10, 12, 27, 2 * t 0 1 ,
*+*+3, 602-605
Stock subscriptions, 63, 68
Stock trading, 159
*+37, **38, *+*+2,
-136S t o l p e r , Gustav, 535
S t o l t z e , E. H . , 66, 130
S t o u t , I'om, 114
Stowe, W. a . , 104
S t r a u s s , A l b e r t , 276, 350
S t r i k e s , l e g i s l a t i o n against, 562, 563, 566, 574
war time, 562
S t r i n g f e l l o w , J. B . , 195
Strong, Benjamin, 6 , 14, 66, 109, 138, 206, 248, 250, 256, 273,
276, 354, 390
James G., 9, 30
Stronk, H. N . , 98
S t u a r t , Henry C . , 279
Sub-treasury system, 273
see a l s o United S t a t e s , Sub-Treasuries
Subversive agents, punishment o f , 251
S u f f o l k , V i r g i n i a , 503
Suffrage, Negro, 363
woman, 20, 218, 237
Sugar, 347
Sugar beet growers, p r i c e supports f o r , 556
Sugar i n d u s t r y , l e g i s l a t i o n concerning, 546
p r o t e c t i o n f o r the, 556
Sugar quotas, 567
Summers, Hatton M., 53
-137Sumner, William A . , 605
Sub, New York C i t y , New York, $$5
Sunday, William A . , 31
Sutherland, Howard, 106
Swanson, Claude A . , 5, 20, 55, 70, 271, M+0, 531
Swart, J. C . , 61
Sweet B r i a r College, 37
Board of Overseers o f , 560
Syracuse, New York, F i r s t Trust and Deposit Company, 266
T
T a f t , Robert A . , 513
T a r i f f b i l l of 1930,
T a r i f f Commission, 258
T a r i f f s , 198, 369, 510
l e g i s l a t i o n concerning, 55, 68, 368, 375, 395, ^10, b?2
Taussig, F, W., >+18
Tax b i l l
(1925-1927), 388
Tax b i l l (1933), *+33
Tax b i l l of 192"+, *+60
Tax b i l l of 1935, ^61
Tax b i l l of 1936, ^70
Tax b i l l of 19^2, 577
Tax c e r t i f i c a t e s , 277
-760-
Tax exemption, o f c h a r i t y o r g a n i z a t i o n s ,
568
Tax l e v i e s , 570
Tax
returns,
joint,
Tax r e v i s i o n s ,
Taxes,
220,
567
360
241,
244,
249,
253,
261,
287, 360, 414, 472,
566,
567, 5 6 9 , 570
discount rate f o r ,
excise,
^20
see Excise taxes
franchise,
363
l e g i s l a t i o n c o n c e r n i n g , 220, 369, 388, 427, 431, 433, 460,
461, 470, 487, 503, 577
on a d m i s s i o n s ,
566-568
on a d v e r t i s i n g , 507, 567
on bank s h a r e s , 154
on banks, 118
on bonds, 278, 577
on candy, 460
on c h a i n s t o r e s , 503, 514, 515
on c h a r i t y o r g a n i z a t i o n s , exemption from, 568
on checks, 431, 567
on c i g a r e t t e s , 460, 566
on consumer goods, 567
on c o r p o r a t e income, 368, 386
-139-
Taxes, on e l e c t r i c a l equipment, 557
on e l e c t r i c i t y ,
431
on excess p r o f i t s ,
see Excess p r o f i t s
taxes
on F e d e r a l Reserve l o a n n o t e s , 238
on f i s h ,
512
on f u e l o i l ,
51?, 514
on f u r s , 567
on g a s o l i n e , 4?7, 567
on g o l d , 566
on income, see Income t a x
on i n c r e a s e i n income, 563
on i n h e r i t a n c e , 431
on j e w e l r y , 566, 567
on l a u n d r y s a l e s , 51?
on lumber m a n u f a c t u r e r s , 567
on m a n u f a c t u r e r s , 244, 431, 567
on motor v e h i c l e s , 431
on m u n i c i p a l bonds, 503, 512, 577
on mutual insurance companies, 579
on n a t i o n a l banks, 66, 168, 334, 487, 610
on non-employees o f defense i n d u s t r i e s ,
on p r o f i t s ,
563
277
on p r o m i s o r y n o t e s , f o r F e d e r a l Reserve l o a n ? , 238
on r a d i o s e t s , 512
-140-
Taxes, on s a l e s ,
see Sales ".ax
on s e c u r i t i e s , 579, 598
on s o f t d r i n k s , 567
on stamps,
221
on s t a t e banks, 610
on s t a t e bonds, 577
on stock market t r a n s a c t i o n s ,
404
on telephones, £68
on t h e a t r e s ,
431
on tobacco, 553, 5 6 6 , 5 6 7 , 577
on t r u s t companies, 535
on u n d i s t r i b u t e d p r o f i t s ,
512,
5i4
on v a l u e added d u r i n g w a r t i m e ,
581
on u n m a r r i e d men, 568
on whale o i l ,
512
on w i r e , 567
poll,
see under P o l l
reduction o f ,
367
social security,
World War I I
512
and, 581
tax
-1>+1-
T a y l o r , Edward M., 31
George W.,
8l
Wayne C . , 585
Telephones, t a x on, 568
Tennessee, 519, 570
Tennessee V a l l e y A u t h o r i t y , congressional i n v e s t i g a t i o n o f ,
program o f , 568
T e r r e l l , A. W., 25
Texas, 520
banker, 110
T e x t i l e i n d u s t r y , *+l
government p r o t e c t i o n f o r , 258
l e g i s l a t i o n concerning, *+l
T e x t i l e manufacturers, p r o f i t s o f , 258
Theatre taxes, ^31
T h i r t y Hour Week h i l l ,
^71
Thomas, Elmer, ^86, 507
Robert, »+01
Thomas b i l l , 1+86
Thomas J e f f e r s o n B i c e n t e n n i a l Commission, 38, 560
Thompson, J . B . , 11*+
W. T . , 52
T h r a l l s , J . F . , 208
-1*4-2Thurston, E l l i o t t , 605, 606
Tidelands, opposition to government t i t l e
to,
Tidewater, V i r g i n i a , 262
T i l t o n , McLane, 210
Time deposits, i n n a t i o n a l banks, 270
i n t e r e s t on, 120, 161, *f62, 612
reserves on, M-01, 603
"To Belgium," 130
Tobacco, Ehglish embargo on, 553
growers o f ,
578
tax on, 553, 566, 567, 577
Tobacco Control A c t , *+6l
Tobacco i n s e c t s , i n v e s t i g a t i o n s o f , 581
Toledo, Ohio, Blade. 598
Tombigbee Waterway, 604
Towner, Horace M., 3*+S
see also Sheppard-Towner maternity b i l l ,
Townsend, John G . , *+70, **99, 508, 515
Townsend Plan of 1936, *+70
Trade, 510
3^8
»iV3-
Trade, export, 16
f o r e i g n , 17, l l V , 135
international,
5lV, 53^
i n t e r s t a t e , 69
r e c i p r o c a l , see Reciprocal Trade Agreements
Trade acceptances, 138, 237, 2 W , 2V9
Trade b a r r i e r s , s t a t e erected, 568
Trade discounts, 163
Trains, length o f , l e g i s l a t i o n l i m i t i n g , 513
T r a i t o r s , punishment o f , 251
T r a n s c r i p t . Boston, Massachusetts, 2*+, V9, 216
Transportation, l e g i s l a t i o n concerning, 5V8, 553
long and short hauls, 503
problems o f , 237
Transportation Association of America, 553
T r a v i s , L. E . , 75
"Treasury Plan," V19
T r e a t , Charles H . , 77
T r e a t i e s , Pour-Power T r e a t y , 351
Treaty of V e r s a i l l e s , 15, 16, 263, 26V, 271, 369
Tregoe, J. H . , 7V, 95, 107, 108, 115, 135, 208, 210, 2 W , 2V8
Tremain, R. H . ,
Trenton, New Jersey, banker, 95
-lMfTribune, Chicago, I l l i n o i s ,
136, 137, 238, 563,
T r i n k l e , E. Lee, 281
Troy measure, 57^
Trucks, r e g u l a t i o n of s i z e and weight o f , 568
Truman, Harry S . , 31, 57*+, 5&+
see also Wheeler-Truman b i l l
Truman-Hobbes b i l l ,
5^8
Trust companies, 118, 121, 256, 266, 576
Federal Reserve loans t o , 18
investments o f , l e g i s l a t i o n concerning, 5^8
t a x a t i o n o f , 585
Trust Indenture A c t , 585
Trust operations, n a t i o n a l banks and, 111
T r u s t s , 270
investment, *+3, 5^6,
l e g i s l a t i o n a g a i n s t , 69
money, 62, 157
Tubercular i n f e c t i o n , of animals, 189, 385, 3 8 6 ,
Tuberculin t e s t s , f o r c a t t l e , 39
Tuck, W i l l i a m , 590
Tucker, Harry S t . George, 253, 361, 397
Nathan, l a b o r a t o r y , 513
Rufus S . , 530
-145-
Tugwell b i l l ,
472
T u l s a , Oklahoma, W o r l d . 598
Tumulty, Joseph P . , 39, 4 7 , 4 8 , 62, 69, 7 5 , 95, 104, 115,
167, 168, 210, 244, 248, 255, 272, 397
T u r k e y , Armenian i n v a s i o n o f , 287
T a t t l e , Charles H . , 401
T y d i n g s , M i l l a r d E . , 454, 515, 526, 531, 545
see a l s o M i l l e r - T y d i n g s
T y l e r , Lyon G., 104
Tyson, F. C . , 428
T y s o n - F i t z g e r a l d A c t , 428
U
Underwood, Oscar W., 55, 6 4 , 74, 115, 167, 602
Unemployment, 478
compensation g r a n t s f o r , 545
war p r o d u c t i o n and, 547
Unemployment i n s u r a n c e , l e g i s l a t i o n c o n c e r n i n g , 472
Union
o f S o v i e t S o c i a l i s t R e p u b l i c s , see S o v i e t
-146-
Unlons, 133, 387, 497, 532
O f f i c e o f P r i c e A d m i n i s t r a t i o n and, 593
United Commercial T r a v e l l e r s ,
61
U n i t e d C o r p o r a t i o n , 98
U n i t e d F e d e r a l Workers o f A m e r i c a , 563
U n i t e d Mine Workers, 576
p r e s i d e n t o f , 547
United
Nations,
charter for
t h e , 589, 612
U n i t e d Real E s t a t e Owners A s s o c i a t i o n ,
216
U n i t e d S t a t e s , a i d , f o r A l l i e d powers (World War I I ) ,
for Austria,
w
f o r Europe, 250
f o r F i n l a n d , 550, 552, 555
f o r France, 573
f o r German r e c o v e r y ,
250
f o r Great B r i t a i n , 550, 560, 562, 573, 574
f o r Japan, 552
f o r Poland, 546
A l i e n P r o p e r t y C u s t o d i a n , 262
Army, 237, 253, 269, 609
American E x p e d i t i o n a r y F o r c e , 253, 566
546, 547
-1V7-
Unlted States, Army, appropriations t o , V70
camps, vice and liquor conditions a t , 566
Pharmacy Corps, 579
Attorney-General, 13, 19, 55, 168, 262, 270, 283, V17
bonds, see under Bonds
budget, 8, 277, 286
Bureau of Education, l i b r a r y information servioe, 263
Bureau of I n t e r n a l Revenue, IV
collectors for the, 265
C a p i t a l Issues Committee, 257
Central Bureau of Planning and S t a t i s t i c s , 261
Chamber of Commerce, 57V
Committee on Banking and Currency, 159
president, 585
C i r c u i t Court of Appeals, 212
Coast Guard, 255
Commissioner of A g r i c u l t u r e , 576
Commissioner of I n t e r n a l Revenue, 272, 557
Comptroller of the Currency, 6, 8 , 1 0 , 2 0 , 3 3 , V2, W , 65, 66,
72, 98, 115, 116, 131, 135, 155, 168, 202, 208,
209, 216, 219, 222, 230, 2V5, 253, 257, 266, 267,
273, 35V, 392, V l l , V 7 V , V85, V86, V98, 506,.
536, 5V0, 550 , 551, 57V, 590, 600, 610
Assistant, 389
Deputy, 78
Comptroller of the Treasury, 2V9
-148United States, Congress, 6, 9, 12, 18, 28, 158, 160, 246, 249,
257, 279
Acts, A g r i c u l t u r a l Adjustment Act, 42
Aldrich-Vreeland Act, 48, 114, 115
banking, 22, 31, 45, 54, 122, 132, 145, 155, 158, 163,
195, 239, 240, 242, 423, 457, 475, 486, 5
537see also under names of specific Acts
Clayton Act, 133, 135
Clayton A n t i t r u s t Act, 270, 506
Economy Act of 1933, 433
Excess P r o f i t s Tax Act, 574
Fair Labor Standards Act, 552, 556, 574
Fair Trade Act, Tydlngs' amendment t o , 515
Federal Farm Loan Act, 65, 130, 134, 36O
see also Federal Farm Loan Associations, Federal
Farm Loan Board, Federal Farm Loan Bureau
Federal Farm Loan System
Federal Home Loan Bank Act, 557
Federal Reserve Act, see Federal Reserve Act
Fletcher-Steagall Act, 445
Glass-Steagall Act, 5, 392, 428, 445, 453, **72, 486, 531*
601, 605
Gold Reserve Act of 1933, 507, 509
United S t a t e s , Congress, Acts, Henry ( P a t r i c k ) b i r t h p l a c e purchase, 38
I n d u s t r i a l Credit Act of 1931*, ^72
Johnson A c t , 5*+6, 5^7
Longshoreman's and Harbor Worker's Compensation A c t , 563
McFadden a c t s , 5^, 152, ^23
M i l l e r - T y d i n g s Resale Price Maintenance A c t , 510
National Bank Act, see National Bank Act
N a t i o n a l Bankruptcy Law, 135
National Farm Finance A c t , 113
National Labor Relations Act, 510, 5^6, 552, 557
see a l s o Wagner Labor R e l a t i o n s Act
National Recovery Act, 16, *+5l,
528, 550, 600
National Service A c t , 503
N e u t r a l i t y Act, 5^7, 566, 567, 571
Pittman A c t , 270
Pure Food A c t , W57, 1+71
Railway Labor Act of 1 9 3 S ^72
Reconstruction Finance Corporation A c t , 19, 37
S e c u r i t i e s Exchange Act, *+72
S i l v e r coinage, 270
S i l v e r Purchase A c t , *+8l, 508
Social Security A c t , 51^, 539, 557
Tobacco Control Act, *+6l
-150United States, Congress, Acts, Trust Indenture Act of 1938, 585
Tyson-Fitzgerald Act, 1+28
Volshead Act, 387
Wages and Hours Act, 51*+
Wagner a c t , see Wagner Labor Relations Act
Walsh-Healey Act, 5l>+
War Claims Act, UO
War Risk Insurance Act, 226
see also United States, Congress, B i l l s ; United States,
Congress, House of Representatives, Acts,
and B i l l s ; and United States, Congress,
Senate, Acts, and B i l l s
adjournment opposed, 550
Agriculture and Forestry Committee, 5*+9
Appointments Committee, 102
Appropriations Committee, 286, 530, 5*+3
a u t h o r i t y o f , over President, 563
Banking and Currency Committee, 18, 19, 77, 107, 113, 12*+,
i+52,
127, 128, 220, 1+06, 1+09, 1+23, M+5, M+6,^509,
530, 538, 586
sub-committee, 39, *+6, 58, 77, 79, *+*+6, 1+53, *+55, 505
see also United States, Congress, House of Representatives,
Banking and Currency Committee} and United
States, Congress, Senate, Banking and Currency
Committee
X5 C10
United States, Congress, B i l l s , V7, 5V, 202, 223, 352, 353, 538
Absorption of Exchange B i l l , 585
Aldrlch B i l l , 195
Aldrich-Vreeiand B i l l , 91, 13V
a n t i - l y n c h i n g , 303, V63, 516
a n t i - p o l l t a x , 579
appropriation, V99, 5V3
B a l l Rent B i l l , 291
Bank B i l l of 1935, V59, V76
amendments proposed t o , V59, V80, V86
bank deposits, Insurance f o r , 238, 516
bank examination, 506
Bank Holding Company b i l l , V99, 505
banking, 18, V7, 132, 133, 221, 238, 310, V06, W 6 , V55,
V59, V75, V76, V80, V85, V86, V99, 505, 506,
536, 539, 583, 58V, 586, 600, 601, 603, 611
see also under names of specific
Mils
bankruptcy, V72
Beer b i l l , V55
Big Navy b i l l , 388
Bonus, V l l , V63, V59
Borah-O'Mahoney Licensing h i l l ,
5lV
branch banking, 132, 221, 310, V06, 513> 587
X5 C10
U n i t e d S t a t e s , Congress, B i l l s ,
Bursum b i l l ,
Bus b i l l ,
Bulkley
rural credits t i l l ,
114
294
422
Calder b i l l ,
296
Chain s t o r e o r g a n i z a t i o n , 546, 557
Chain s t o r e tax b i l l ,
Clayton b i l l ,
Copeland b i l l ,
503, 515
69, 110, 506
472
Copper Resale B i l l ,
428
Copper-Kelley b i l l ,
455
Corporate S e c u r i t i e s R e g u l a t i o n , 304
Court Packing B i l l , 515, 532, 597-599
Crawford-Fulzer b i l l ,
163
c u r r e n c y , 7 , 14, 18, 28, 3?, 33, 4 5 - 6 4 , 69, 69, 71, 7 2 ,
7 4 - 8 1 , 9 1 - 9 6 , 9 9 , 102-108, 128, 165,
167, 168, 198, 221, 266, 271, 327, 361,
446, 455, 485, 509, 583-588, 597-599,
607
defense h o u s i n g , 563
Denison b i l l ,
304
d e p o s i t i n s u r a n c e , 238, 506, 516
d e p o s i t r e s e r v e s , 401
deposits* assessment, 509
deposits'disposition,
508
-153United States, Congress, B i l l s , deposits' i n t e r e s t , 585
Dies b i l l , 428
d o l l a r devaluation, 505, 508, 587
d r a f t , 567
Eccles b i l l ,
161, 537, 540, 604
Economy B i l l , 428, 450
education a i d , 502
excess p r o f i t s t a x ,
216-218
f e d e r a l aid to education, 502
f e d e r a l l i c e n s i n g , 502
Federal Reserve Act amendments, see Federal Reserve A c t ,
amendments, e t c .
Federal Reserve bank loans, 4 1
Federal Reserve b i l l ,
see Federal Reserve b i l l
Federal Reserve notes, 161
Federal Stock P u b l i c i t y b i l l ,
273
Federal Trade Commission B i l l ,
Fletcher-Rayburn B i l l , 471, 606
Food and Drug B i l l , 513
f o r e i g n accounts, 588
Four B i l l i o n Work B i l l , 487
G i l l e t t e - K l e b e r g b i l l , 546
Glass-McAdoo b i l l ,
505
71
-154U n i t e d S t a t e s , Congress, B i l l s , Glass-McFadden b i l l ,
159
Glass-Owen b i l l , 4 8 , 69, 105, 106, 4 2 1
Glass-Steagall b i l l ,
5 , 7 , 601
g o l d c o i n and b u l l i o n , 500
g o l d r e s e r v e a c t o f 1934 amendment, 508
Goldsborough b i l l ,
431
greenbacks, issuance o f , 509, 512
Guffey B i l l ,
457
Hardwick B i l l ,
Haugen B i l l ,
210, 211
611
Haugen-McNary Farm B i l l ,
367, 608
Henry ( P a t r i c k ) b i r t h p l a c e p u r c h a s e , 38
H i t c h c o c k Banking B i l l ,
100, 103, 106, 107
Home Loan Bank B i l l , Glass Borah amendments t o , 611
Home Loan B i l l ,
433
h o u s i n g , 515, 563
income taxes' r e c e i p t s ,
216
Independent O f f i c e s B i l l ,
460
I n d u s t r i a l bank, 508, 509
Inflation b i l l ,
injunctions,
439
51
I n t e r - A m e r i c a n Bank B i l l , 683, 584
i n t e r l o c k i n g bank d i r e c t o r a t e s , 506, 653
Investment t r u s t s , 546, 586
-155U n i t e d S t a t e s , Congress, B i l l s , J e f f e r s o n B i c e n t e n n i a l
Johnson I m m i g r a t i o n b i l l ,
Jones-Wheeler b i l l ,
Kindergarten B i l l ,
Commission,
365
546, 548, 557
553
206,
K i t c h i n b i l l , 47, 54, 201, 2 0 2 , - 2 0 7 , 210, 223.
Labor-Federal Security appropriation b i l l ,
LaFollette b i l l ,
546, 548
LaFollette C i v i l Liberties B i l l ,
LaFollette-Patterson B i l l ,
Land Mortgage Bank b i l l ,
547
503
133
Lanham defense housing b i l l ,
Lee b i l l ,
499
563
o p p o s i t i o n t o , 548
l e n d l e a s e , f o r Great B r i t a i n ,
licensing,
574
502
l o a n s , 132
t o b u s i n e s s , 505
Logan-Walter b i l l ,
546, 548
l o n g e v i t y , 566, 567
McFadden b i l l s , 8 , 9 , 15, 30, 35, 4 3 , 6 5 , 8 9 , 153, 154, 159,
160, 168, 220, 314, 334, 363, 380, 387, 389,
421, 423, 424, 608
McNary B i l l ,
423
McNary-Haugen Farm R e l i e f B i l l ,
Maloney sugar I n d u s t r y b i l l ,
546
367, 608
-156United States ? Congress, B i l l s , Maybank b i l l of 1 9 ^ , 585
Mead b i l l , 556
Miller-Tydings f a i r trade b i l l , 502, 576
Mondell b i l l , 111
monopolies, 133, 5*+6
Moss B i l l , 100
municipal bankruptcy, ^72
Municipal securities tax, 512, 578
national bank notes,
2kl
redemption fund f o r , 506
note issuance b i l l , 508
O'Mahoney Federal Licensing b i l l , 502
Owen M i l of 1913 , 50 , 55 , 56 , 59, **2MPatman b i l l ,
5l5
pensions, for dependents of service men, 387
P e t t e n g i l l b i l l , **72
Phelan b i l l , 2*+2
Pittman b i l l , 216, 219
postal employees' wage increase, 562, 589
price s t a b i l i z a t i o n , 506
Public Works Administration appropriations, 53^
radio b i l l , 388
Reconstruction Finance Corporation, see Reconstruction Finance
Corporation
-157United States, Congress, B i l l s , rent c o n t r o l ,
Reorganization b i l l of 1938, 511
reserve associations, 50
Rivers and Harbors b i l l , 546, 566
Securities B i l l , 606
Sheppard-Tovner n a t e r n i t y b i l l , 348
S i l v e r B i l l , 32, 579
s i l v e r coinage, 216
S i l v e r Purchase Act repeal, 508
Smith a n t i - l a b o r b i l l , 558
Smith a n t i - s t r i k e b i l l ,
562
Smith-Hughes b i l l , 223
Smoot-Hawley t a r i f f , 510
stabilization, 9
S t a b i l i z a t i o n Extension B i l l , 592
Steagall B i l l , 606
sugar Industry, 546
t a r i f f b i l l of 1930, 410
tax b i l l of .1925-27, 388
tax b i l l of 1933, 433
tax b i l l of 1934, 460
tax b i l l of 1935, 461
tax b i l l of 1936, 470
tax b i l l of 1942, 577
-158United States, Congress, B i l l s , tax on municipal bonds, 512
Thirty-Hour Week B i l l , 1+71
Thomas b i l l , 1+86
time deposit reserves, W01
transportation, 5^8
Treasurer accounts' s i m p l i f i c a t i o n , 508
troops' assignment abroad, 566
Truman-Hobbes b i l l , 5*+8
t r u s t companies' investments, 51+8
United States notes' Issuance, 508
Vinson b i l l , >+58
voting i n armed services, 589
Wages and Hours B i l l , 510
Wagner labor b i l l , 1+60, 1+61, 1+72
Wagner-Lea b i l l , 5**6
Walsh-Guyer b i l l , 1+72
Walter-Logan b i l l ,
5^6, 51+8
War Finance B i l l , 219
War Finance Corporation b i l l , 2l+l
War Referendum B i l l , 503
War Revenue b i l l , 221
Wheeler-Truman transportation b i l l ,
553
see also United States, Congress, Acts; United States, Congress,
House of Representatives, Acts, and B i l l s $
United States, Congress, Senate, Acts, and B i l l s
-159U n i t e d S t a t e s , Congress, conference committees, 3 , 10, 21, 82, 108,
165, 201, 206, 208, 380, 53^, 606
e x t r a s e s s i o n , of 1939, 5^2
Federal Reserve System and, see under Federal Reserve System
House of R e p r e s e n t a t i v e s , 6, 10, 28, 30, b7,
100,
22b,
51, 7b, 75, 99,
266, 526
A c t s , s t a b i l i z a t i o n f u n d , 587
see a l s o United S t a t e s , Congress, A c t s ; United S t a t e s ,
Congress, B i l l s j U n i t e d S t a t e s , Congress,
House o f R e p r e s e n t a t i v e s , B i l l s ; United S t a t e s ,
Congress, Senate, A c t s and B i l l s
Banking and Currency Committee, b7,
6b, 91, 99, 111,
157, 201, 221, 222, 223,
2bO,
323,
llV,
bb$
chairman, 156, 252
see a l s o United S t a t e s , Congress, Banking and Currency
Committee; and United S t a t e s , Congress, Senate,
Banking and Currency Committee
B i l l s , b6,
13V
#3613, 206
#3673, 208
#V276, 569
#6V5V, 57
#17606, 201
#200^5, 223
-160-
United States, Congress, House of Representatives, B i l l s ,agricultur
bank examiners 1 , 80
banking, 111, 156
Blue Ridge Parkway appropriations', 5^5
Burch salary and Longevity b i l l [#965], 567
Bureau of Education l i b r a r y information service, 263
c a t t l e , 189
check exchange payment, 372
corporation licensing, 219
currency, see Currency; Currency B i l l j Currency B i l l of 1913
deposits, 72
drug and food containers, 319
educational aid for home economics students, 23*+
Federal Reserve l e g i s l a t i o n , see under Federal Reserve
Federal Reserve notes issuance, 71
f i n a n c i a l system consolidation, 210
gold standard, 198
immigration, 365
land c r e d i t , 13*+
Longevity B i l l , 566, 567
national budget system and an independent audit of
government accounts, 277
Office of Price Administration amendments, 591, 593
-161United States, Congress, House of Representatives, B i l l s ,
Price
Control B i l l amendments, 591
r e a l estate loans, 80
reserves, 72
revenue, 216, 238
r u r a l c r e d i t s , 133-137, 165, 167, 168
soldiers' bonus b i l l , 286, 365, *+27
sub-treasuries' abolishment, 273
veterans' bonuses, 29*+
see also United States, Congress, Acts; United States,
Congress, B i l l s ; United States, Congress,
House of Representatives, Acts; United States,
Congress, Senate, Acts; and United States,
Congress, Senate, B i l l s
conference committee, see United States, Congress, conference
committees
J u d i c i a l Committee, 65
Labor Committee, 92
o f f i c e sergeant-at-arms, 262
Rules Committee, 91, 239, 5^8
Speaker, 101
Ways and Means Committee, 91
-162United States, Congress, House of Representatives,
Investigations,
of Cronkhite a f f a i r , 609
of f i n a n c i a l structure of United States, *+0
398, ^13, *+36,
of Morgan's f i n a n c i a l a f f a i r s , *601
of Tennessee Valley Authority, 515
of United States' gold policy, 507
n a t i o n a l defense and, 5*+7
pensions for members, 565
Public Lands and Surveys Committee, 5^2
Reparations Committee, 256
Senate, 3, 51, 57, 75, 76, 198, 270, 230, 1*56,
i*88f 5^0
Acts, banking, see under Banking
contract r e l i e f , 279
currency, see under Currency
deposits, 72
Federal Reserve Act, see Federal Reserve Act
stock information, 27^
see also United States, Congress, Acts; United States,
Congress, B i l l s ) United States, Congress,
House of Representatives, Acts; United States,
Congress, House of Representatives,
Billsf
and United States, Congress, Senate, B i l l s
-163United S t a t e s , Congress, Senate, Appropriations Committee, *+99
Banking and Currency Committee, *+, 18, 19, 63, 106, 157,
372, i+53, 576, 582, 587
subcommittee, 78, 81, 91, W 6 , 5©7, 536, 603
see also United States, Congress, Banking and Currency
Committee; and United States, Congress,
House of Representatives, Banking and Currency
Committee
B i l l s , 2*+2, 577
# 8 , 22*+
#12*+, 56 7
#310, 587, 588
#860, 569, 575, 576, 579, 580
#952, 588
#1098, 587, 588
#1*+71, 587
#1861, 562
#1905, 587
#23*+7, *+82
#2393, 586
#260*+, 327
#3029, 586, 587
-lb*+United S t a t e s , Congress, Senate, B i l l s , #3126, 586
#3137, *+86
£3255, 296
#3390, 330
#3596, ^86
#3636, 1+86
#38M+, 311
#1+038, 286
#1+115, *+32
#+816, 298
#1+928, 296
#5136, 586
a g r i c u l t u r e , 158
appropriations, 1+99
Bank of the United States' establishment, 507
banking l e g i s l a t i o n , see under Banking
B r i t i s h debt refunding, 610
Calder B i l l , 296
c h i l d l a b o r , 298
coal I n d u s t r y , 296
compulsory m i l i t a r y t r a i n i n g , 223
-165United States, Congress, Senate, B i l l s , Currency B i l l ,
Currency B i l l ;
see Currency;
Currency B i l l of 1913
defense stamps' issuance, 586
dollar purchasing power, 587, 588
European children's food r e l i e f , 567
Export-Import Bank loans, *+99
Farm B i l l , 510
Federal Reserve Banks' interest on member banks' reserves,
587
Federal Reserve legislation, see under Federal Reserve
Federal Reserve notes' collateral, 587
Federal bureaus' power limitation, 556
freight rates, 570
Hardwick B i l l ,
210, 211
Kellogg-Wadsworth B i l l , 610
Ladd b i l l , 327
McAdoo B i l l , V82
money system, 327
motion pictures, 502
Murdock-Gillette b i l l , 562
Muscle-Shoals b i l l ,
330, VlO, V28
national banks, see under Banks, national
navy explosives'
transfer, 212
postal savings funds' deposit, 70
prohibition, of sale of intoxicating beverages near
military camps, 569, 575, 576, 579, 580
United States, Congress, Senate, B i l l s ,
public works projects on
rivers and harbors, 551*
taxes on state and national banks, 61C
unemployment insurance, ^72
usurers1 control, fc>6
utilities1
regulation, 606
wheat prices, 311
see also United States, Congress, Acts; United States,
Congress, B i l l s ; United States, Congress,
House of Representatives, Acts; United States,
Congress, House of Representatives, B i l l s ; United
States, Congress, Senate, Acts*
campaign, of 1936, 73
campaign expeditures hearings (1928), 391
Commerce Committee, 5^6, 5^8, 55^
conference committees, see United States, Congress,
conference committees
committees, 222
conferees, 380
Document #85, concerning tuberculin infection of animals,
189, 39^
Finance Committee, 577
Foreign Relations Committee, 271, 577, 583
Interstate Commerce^ Committee, 570
-167-
United States, Congress, Senate, I n v e s t i g a t i o n s ,
Coolldge's
c r i t i c i s m o f , 610
Glass 1 speech on, 81
of Bishop James Cannon, 608
of Huey Long, 448
of pro-Nazism in motion picture industry, 533
of Rear Admiral Sims, 347
League of Nations document and, 271
Naval A f f a i r s Committee, 576
Post Offices and Post Roads Committee, 499
President of the, 584
President Pro Tem of the, Glass elected, 7
Public Lands and Surveys Committee, 642
report on the United Corporation, 98
Secretary of the, 542
tuberculin tests for c a t t l e committee, 39
Constitution, amendments, 368
18th amendment, repeal o f , 595
debts owed t o , see Debts
Department of A g r i c u l t u r e , 185, 509
Department of Commerce, 505
Department of Labor, 547, 587, 588
Information and Education Service, 252
-168United States, Department of State, 24, 63, 537, 5 4 l , 553
c o n f i d e n t i a l secretary, 70
o f f i c i a l s , 535, 538
Department of the Army, 203, 236
Department of the I n t e r i o r , 40
Department of the Treasury, 20, 21, 25, 28, 56, 72, 103, 109,
128, 183, 200, 204, 216, 244, 249-251, 253,
255, 261, 262, 272-275, 277, 407, 446, 453,
485, 486, 500, 505-508, 529, 535, 581, 588,
604
bonds, i n t e r e s t rates on, 237
see also Bonds
c e r t i f i c a t e s , 220, 240, 249
d a i l y statement, 55
debt, f o r e i g n , 21
n a t i o n a l , 22
World War I , 44
discount rates o f , 447
D i s t r i c t Court, 373
Division of Loans and Currency, 255
Federal Reserve Act and, 581
Federal Reserve Board and, 508, 603
Federal Reserve System and, 6 , 198, 258
-169United States, Department of the Treasury, loans o f , 22, 29, 31, 12V
notes, 57, 58, 277, 505, 509, 538
issuance o f , 81, 93, 106, 508, 512
replacement o f , 273
p o l i c i e s o f , 253, V23
r e g i s t e r o f , 258
report of the Secretary, 276
S o l i c i t o r , V8, 57, 63, 68
Department of War, 28, 198, 226T 227, 2V7, 609
r i v e r s and harbors and, 515
War Finance Corporation, see War Finance Corporation
Embassy, P a r i s , 2V7, 250
f i n a n c i a l statement, 270
f i n a n c i a l system, 210
Food Administrator, 200
Forest Service, 57V
German aggression towards (19V0), 556
gold p o l i c y , 507, 535
Japanese a l l i a n c e w i t h , 198
Judges, V08
wages o f , 367
Library of Congress, 59V, 612
-170-
United States, loans, 13, 22k
from foreign countries, 250
to Russia, 568
Maritime Commission, ^87
Merchant M a r i n e , 575
military capacity, 573
military training camps, M&
military reservations, bank f a c i l i t i e s
on, 587
Mint, Director of the, 39, 81, 13k
Monetary Commission, 68, 115
Navy, 212, 227, 280, 337, 338. 562
appropriations f o r , 327, h 7 0
Big Navy B i l l , 3 8 8
Patent Office,
Post Office Department, 233, 369
postal service men, 580
wage raise f o r , 562, 579, 589
regulations, 163
star route legislation, 502
see also under Postal
Postmaster General, 20, M-98
postmasters, 6 2 , 5 6 9
fourth class, longevity pay f o r , 570
salaries of, 502, 566
568
-171-
United States, President, appointive power of, 6
power to devalue the dollar, 558, 567, 570, 583, 584, 587
power to seise property, 566
power to take over defense plants, 570
secretary to the, 39, 47, 48, 62, 69, 75, 95, 104, 167, 212,
244, 255, 272, 425, 498
third term discussions, 32, 420, 498, 499, 543
United States Congress' authority over, 563
Rent Commission, 291
Revised Statutes, amendments proposed to, 72, 224
Secretary of Agriculture, 354, 58l
Secretary of Commerce, 94, 273
Secretary of. State, 24, 63, 537, 541, 553
Under-Secretary, 584
Secretary of the I n t e r i o r , 17, 38, 40, 1 3 3 ,
275, 2 8 3
Secretary of the Navy, 39, 2 8 0 , 531
Secretary of the Treasury, 14, 20, 21, 22, 29, 47, 72, 75, 77,
92, 113, 115, 134, 167, 168, 200, 201, 206,
209, 215, 216, 219, 222, 240, 244, 247, 248,
253, 2 6 0 ,
269,
274-277, 2 8 l ,
3 6 7 , 445, 486,
498, 505, 506, 509, 530, 535, 558, 563, 581,
583-588, 608
Assistant Secretary, 3 1 , 33, 56, 220, 249, 250, 258, 274-276,
278, 281
-172United States, Shipping Board, 3*+7
S o l i c i t o r General, 602
S o l i c i t o r of the Treasury, see United States, Department of the
Treasury, S o l i c i t o r
Sub-Treasuries, 56, 220, 237, 273
Supreme Court, 6 , 37, 156, 280, 281, 361, V30, V92-V97
appointments t o , 17, 521, 530
cases before, MO hour week and o v e r - t i n t vsgas, 558
decisions, minimum wages f o r woman, 527
l e g i s l a t i o n concerning, 521, 528
members, number o f . 5 2 l
New Deal laws o f , ©05
packing o f , 37, 501, 517-528, 596-599, 611
retirement age f o r members, 521
trade, w i t h Soviet Russia, 3*+3
treasurer, 255, 258, 508
see also under Federal; and Governs)tnt
United States M i l i t a r y Academy, 72, 250
United States Naval Academy, *+8, 6 2
United States of the Earth, constitution o f , 130
University of Chicago, 7 5
University of Pennsylvania, 103, 135, 167
University of V i r g i n i a , 37, 131, W *
Centennial Endowment Fund, V8V
I n s t i t u t e of Public A f f a i r s , 123
Wilson proposed as f i r s t president o f , 5^2
-173University of Wisconsin, 2^2, 320
Untermyer, Alvin, 157
Samuel, 22, 28, 32, 39, Mf, 50, 52, 72-7*+, 79, 80, 82, 120,
122, 12*+, 125, 156, 157, 166, 168, 213, 283,
287, 392, 1+08, *+19, *+2*+, bfk, 601, 613
Usury charges, 208
Utah, 519
banks, *+59
Utica, New York, Association of Credit Men, 105
U t i l i t i e s , l e g i s l a t i o n concerning, 606
V
Vandenburg, A. H., 1+07,
Vanderlip, Prank, 33,
**7, 55, 75, 10*+, 106, 251, 316, M+5,
597, 601
Van Zandt, R. L . , 217, 266
Vardaman, James K., 31, 61*+
Vatican, United States representative to, 3*+3
Verdery, M. J . , 155
Vermont, 518
Veterans, bonuses f o r , 29^, ifOX
see also Soldiers 1 bonus b l l l | Bonus b i l l
compensation claims of, 2 8 6 , I+65-l+69
-17b"
Veterans Administration, *f65-1+o9
Veterinarian, of Virginia, 329, 386, 607, 608
Vice, regulation of, 566
Vicksburg, Mississippi, Herald. 259
Victory l i b e r t y loan, 269, 278
Victory loans, 252, 255, 257, 262, 263, 278
see also Liberty loans
Viner, Jacob, 535
Vinson, Fred M., 59*+
Vinson b i l l , *+58
Virginia, 127, 5l»+, 525, 578
agriculture in, 288
banker, 6*f
bankers association, 57, 168, 216, 505
banking policy i n , 53
banks, 172
Bedford County, 83, 90, i k l ,
H+7, 175, 181, 185, 197
budget, 263
cattle Inspection i n , 200
Commissioner of Agriculture, 5
constitutional conventions, 28, *+3
-175Virginia, Democratic party, 5 9 9 ,
list
613
o f registered Jtemoorats, 1 2 9
state campaign, of 1 9 2 2 ,
379
state convention, of 1 9 2 4 , 3
state platform, of 1 9 2 0 ,
26, 281
of 1924, 3
of 1932, 26
of 1940, 499
state primary, 83, 85-88, 169, 384
see also under Democratic Party} and Election, etc.
Federal Housing Agency, 5 4 6
Federal projects I n , 4 1 9 , 5 4 3
Floyd County, 8 7 , 1 4 5 ,
169,
193»
governors of, 33» 2 1 2 ,
270, 279,
196
281,
366,
543,
565,
590,
Highway Commissioner, 283
highway construction in, 4 0 9
House of Delegates, Committee on Banks, 53
resolution supporting Wilson, 7 1
judgeships, 6 , 3 6 1 , 4 6 4 ,
474, 498,
559,
Lynchburg and Campbell County, 8 4 , 8 6 ,
565, 572
140,
144,
146,
174, 176-178, 182, 184, 186, 192
Marshall, United States, i n Eastern D i s t r i c t , 420, 436
Montgomery County, 8 7 , 1 4 3 ,
1^9,
169, 1 9 1
150,
-176V i r g i n i a , newspapars, 171, 176, 177, 186, 187, 192
p o l i t i c s , 2 , 3, 26, 3*+, V5, V6, 82-90, lVO-151, 169-173, 175,
179-186, 186-19*+, 212, 26V, 283, 293, 305,
361, 363, 366, 38V, 390, V09, V20, V35, V36,
V51, V62, V85, V87, V89, V90, V98, 565, 572,
609, 610
postmasterships, 89, 90, l V l , 1V3, 1V5-1V9, 169-173,, 179-182,
185, 188, 191, 193?-£$5, 610,
public works p r o j e c t s , see V i r g i n i a , Federal projects i n
Roanoke County, 85, 87-89, l V 8 , 170, 172, 173, 179, 180, 183,
188, 190, 195
r u r a l m a i l routes, 83, 90, l V l , 1V5, 1V6, 1V9, 169, 182, 185, 193
State Board of Education, 129
tax l e g i s l a t i o n and, 577
V e t e r i n a r i a n , 329, 386, 607, 608
v o t e r s , e l i g i b l e , 129
see also under names of c i t i e s
V i r g i n i a Bankers Association, 57, 168, 216, 505
V i r g i n i a Polytechnic I n s t i t u t e , 28, 3V
Virginian,
Virginian-Pilot,
Richmond, V i r g i n i a , V97
N o r f o l k , V i r g i n i a , 213
Vocational education, 223, **22
Volshead, A. J . , 387
177VolsAead act, amendment of, 387
Vreeland, E„ B , ,
13*+
see also Aldrich-Vreeland A c t } and Aldrich-Vreeland b i l l
W
Waco, Texas, News. 599
Wade, Festus J . , 50, 6k, 75, 78, 80, 81, 93, 96, 135, 2k8,
Wadsworth, see Kellogg-Wadsworth B i l l
Wage controls, 578
Wage-fixing, 563
Wages , depression and, 511
minimum, 5lk
for women, 527
Wages and hours, M-81
Wages and Hours Act, 510, 51^
Barden amendments o f , 5k6
dairy producers and, 556
proposed changes t o , 552
-178-
Wagner, Robert R., if 1 3 , If5if, lf85, 505-508, 510, 581, 583-588,
Wagner Labor Relations Act, 1+60, 1+61, 1+71, **72, 5^7, 556
see also National Labor Relations A c t
Wagner-Lea b i l l , 5*+6
Wagner Resolution of 1935, 1+61
Walker, A . E., 105
Sid Edmund, 75
Walker-Turner Company, 558
Wall Street, 6 3 , 68, 71+, 10l+, 603
Wall Street Journal, 603
Wallace, Henry A., *+90, 58*+
Mary, 358
Walsh, D. I . , 1+72, 5ll+
Walsh-Guyer b i l l , 1+72
Walsh-Healey Act, 51l+
Walter, F. E., 5^6
Walter-Logan b i l l ,
5^6, 51+8
Waltman, Franklyn, 1+83
Wanamaker, John, 35, 276
War claims, from Germany, settlement of, 612
War Claims Act, ifO
War Emergency Fund, 2l+0
War Finance B i l l , 219
War Finance Corporation, 20*+, 2^5, 255, 261, 363, 36*+, if23
-179-
War Finance Corporation b i l l ,
241,
274,
279, 353
War Labor Board, 5 5 8 , 5 7 7
War loans, see Loans, warj Liberty loans; Victory loans, etc.
War materials, 217
War production, 562
unemployment and, 547
War Production Board, 578
War Referendum B i l l , 503
War Revenue b i l l , 2 2 1
War risk insurance, 39, 226, 255, 267
War Risk Insurance Act, 226
War Risk Insurance Bureau, 255, 258, 263, 267, 268
Monthly
Report
98
War savings, campaign f o r , 261
Warburg, James P., 475
Paul M., 22, 35, 36, 47, 50, 52-5*+, 56, 57, 64-66, 73-75, 81,
82, 104, 112, 115, 124, 125, 130, 134-136, 139, 152, 155,
159, 164, 166, 168, 201, 202, 206, 209, 224, 244-246, 248,
269, 275, 287, 389, 421, 423, 424, 544, 608
Federal Reserve System, i t s Origin and Growth. 35, 36, 158, 423,
424, 536
Theodore, 271
Ward, William C., 245
Warehouse certificates, loan value of, 137
-180Warner, Adam D . , 105
Warren, Robert B. v 120, 122
Warsaw, V i r g i n i a , 28
Wartburg, Paul M., "The Glass-Owen B i l l ,
Warwick, Walter W., 2*+9
Washington, Booker T . , 290
Washington, 525
Washington, 0 . 6 . , 200, 612
EveningStar602
Federal Reserve Board o f , 2*+l
Hearld
I n t e r n a t i o n a l bank o f , 255
newspapers, 212, 213
Post 2*+, 605, 606
Waters, A. J . , 79
Watson, Edwin M., *+98
James E l l , 27, 372
Weatherford, Texas, 55
Weaver, Claude, 11*+, *+06
Weeks, J. W., *+23
Welch, S. w . , 115
W i l l s , Sumner, 58*+
Welton, A. D . , 77, 2*+8
51, 600 , 601,
60*+
-181West Point, see United States Military Academy
West V i r g i n i a , ^92
Chamber of Commerce, 556
Westpoint, Virginia, 128
Wexler, Sol, W, 50, 55, 75, 78, 107, 2**8
Whale o i l ,
tax on, 512
Whaley, Richard, 6l*f
"What Public Men Say About the League to Enforce Peace," 130
Wheat, government regulation of, 277, 311, 510
loans on, 155
prices f o r , 278
Wheeler, Burton K., 508, 5**6, 553
Donald, 582
Harry A., 107, 108
Wayne B., 357
see also Jones-Wheeler
bill
Wheeler-Truman transportation b i l l , 5 5 3
White, William R., 587
Whitney, Richard C., Wl8, *+53
"Why the Government Should Own the Railroads," 263
Wlckard, Claude R,, 58l
Wicker, John J . , h76
Widney,
M., 56
-182W i l c o x , Henry B . , 40
W i l e y , L o u i s , 397
W i l k i e , W e n d e l l , 561
W i l l i a m and Mary, C o l l e g e o f , 213
W i l l i a m s , A. B . , 6 1
John Sharpe, 14, 6 9 , 248
John S k e l t o n , 6 , 21, 3 3 , 39, 58, 6 5 , 6 6 , 9 5 , 115, 116, 131,
132, 135, 136, 157, 168, 202, 205, 208, 216,
219, 222, 230, 237, 238, 245, 248, 253, 257,
270, 273, 354, 373, 374, 421, 600, 604, 610
L . M., 4 , 353
Williamstown
Institute,
26
W i l l i s , H. P a r k e r , 24, 35, 36, 4 4 , 4 8 , 4 9 , 5 2 , 5 5 , 5 7 , 5 8 ,
6 1 - 6 4 , 66, 7 4 , 7 8 , 8 0 , 91, 9 5 , 9 6 , 104, 105,
107, 109, 115, 118, 120, 122, 125, 134, 135,
139, 155, 156, 158, 163, 167, 168, 206, 244-246,
315, 316, 372, 374, 390, 418, 421, 423, 424,
445, 530, 533-541, 564, 601, 602, 603, 612, 614
Inflation,Deflation,andB u s i n e s s , 537
W l l l o u g h b y , McCormick, 363
W i l s o n , E d i t h B o i l i n g , 5 , 3 4 , 213, 415, 531
Emmett, 102
W i l l i a m B , , 389
W i l l i a m V . , 279, 280
-183-
W i l s o n , Woodrow, 1 - 3 , 14, 15, 2"', 26,
5
9, 32-34 , 36 , 39 , 4 3 ,
44, 4 7 , 49, 52, 58, 63, 6 7 - 6 9 , 71, 7 * , 7 8 , 94,
104, 105, 114, 115, 117, 124, 130, 136, 156,
157, 164, 167, 168, 198, 201, 206, 213, 244,
246 , 247,
>66, 271, 272, 274 , 275 , 278 , 281, 315,
420, 423, 424, 488, 530, 544, 597, 598, 600,
609, 612
" C o n f i d e n t i a l Document" ( 1 9 2 4 ) ,
1
H i s t o r y o f the American People.
281
U n i v e r s i t y o f V i r g i n i a and, 542
W i n c h e s t e r , V i r g i n i a , bank, 554
W i n f r e e , D. P 0 , 356
Wingo,
O t i s , 4 3 , 75
W i r e , tax on, 567
W i s c o n s i n , 523
b a n k e r , 372
W o l c o t t , E. H . , 276
Wold, Theodore, 270
Woman s u f f r a g e , 20, 218, 237
Women, minimum wages f o r , 527
Women's Committee, 448
Wood, W. D . , 105
W. F . , 415
Woodin, W., 535
Woodrow Wilson F o u n d a t i o n , 376, 407
Woodrum, C l i f t o n A . , 34, 490, 545
-134Woods, J . B . , 402
James P . , 281, 384
Wool Acceptance Bank, n a t i o n a l , 41, 42
Woolen goods, price r e g u l a t i o n o f , 41
Woollen, Evans, 275, 276
Woolley, Robert W., 7 , 39 , 276 , 366
Work r e l i e f programs, 17
Works Progress A d m i n i s t r a t i o n , 24, 511
o r g a n i z a t i o n a l changes proposed t o , 546
workers f o r , 548
World. New York C i t y , New York, 245
World, Tulsa, Oklahoma, 598
World Court, 35, 387, 410, 428, 459
World Economic Conference, 540
World News. Roanoke, V i r g i n i a , 65, 599, 602
World War I , 6 , 31, 36, 44, 100, 113, 130, 198-200, 203, 217, 219, 221,
226, 227, 247, 263, 254, 258, 262, 271, 444
A r m i s t i c e , 278
f i n a n c i a l problems caused bp, 251
t r e a t i e s , 1 4 - 1 6 , 21
World War I I , 4 0 , 4 1 , 533, 550
a l l i e s , aid f o r during, 546,
entry i n t o , 533, 550, 566, 567, 570, 573
financing o f , 581
Wyatt, W a l t e r , 212, 421
-135Wyeth, John, 588
Wyncott, F. K . , 246
Wyoming, 519
Y
Yale U n i v e r s i t y , 57, 608
Y o r k , C. W., 114
York R i v e r , V i r g i n i a , 283
Yorktown, V i r g i n i a , 212
mine depot explosives a t , 212
Young, Hugh H., 40
James R . , 168
Owen 0 . , 159
Roy A . , 10
Young and O t t l e y , I n c . , 444
Youngs town, Ohio, Sheet and Tube Company, 570
@FedFRASER