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April 20, 1955

Internal Memorandum
Papers of Arthur Ballantine
Miss Shaw, Mr. Ballantine1s secretary called today to tell you
that there is some material on the Federal Reserve System in Mr.
Ballantine1s office at 31 Nassau Street. This material consists
of speeches made while he was Under Secretary of the Treasury (he
was in complete charge at the time of the Bank Holiday), of some
correspondence with Marriner lecles, and of an article on the bank
closings. Miss Shaw estimates that it might take as much as an
hour to look over this material, certainly not more.
In Mr. Ballantine1s apartment there is a complete set of dayby-day memos written during his time at the Treasury. These will
not be available for inspection until Mr. Ballantine goes away for
A ^e
is not at all well.
April 28, 1955s

Arranged with Miss Shaw that after June 15th, when Mr,

Ballantine goes to Oyster Bay, she will bring the two volumes of day-by-day
memos down to the office, and I will look through them and at the same time
through all the other material about which she.speaks*
Mr* Ballantine was the bridge between the period of Ogden Mills and
that of William ¥oodin, being a hold-over from the Mills regime. It must have
been he who made possible the Treasury operation during the closings of the
banks, as he apparently was the highest officer in authority during those two
difficult periods. Miss Shaw says he still attends directors1 meetings and is
entirely^to talk but that he is impatient and somewhat crochety.

This may be

solely a personal reaction. Certainly Ballantine is one that should be talked, to
early*
 MA:IB


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