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1^ 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 ue4* I ^ ^ " ^uK.vn /JV ,;?.. r >S:-:%«*\ -