Full text of Committee on the History of the Federal Reserve System : Telephone Conversation with Mr. Junius Morgan Concerning the Paper of His Father, Mr. J. Pierpont Morgan, Entry 167, Box 2, Folder 5, Item 22

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Tuesday
April 26, 1955
Internal Memorandum
telephone Conversation with Mr * Junius Morgan concerning the papers of his father* Mr*
J* Pierpont Morgan

Mr* Morgan's telephone call came in reply to a letter -written to Mr* Thomas
Lamont asking specifically where the Morgan papers were* ie limited his reply to correspondence concerned with Benjamin Strong and said that he was quite sure his father1 s
files would not reveal anything excepting the other side of the same papers which are in
the Benjamin Strong files. In other words, if the Benjamin Strong files have carbons,
the Morgan files would have originals, and vice versa* He said that Mr* Strong and Mr*
Morgan exchanged opinions and decisions mostly by telephone, and of these calls no record
was made*
Ihen I queried him further, he said that his father*s papers had not been sorted
since the elder Morgan's death*
it as yet*

This would be a tremendous job, and nobody had undertaken

lis father was not a writer of memoranda or a keeper of diaries*

Trying to get a more precise reply, I asked if Mr* Morgan Sr*fs papers were in
the care of the family or Incorporated in the busirass records of the Morgan firm*

This

question was particularly aimed to find out about correspondence concerning international transactions* Mr. Junius Morgan dodged that question but then said that if
specific queries were made concerning the release of papers on specific incidents, this
would have to be thoroughly cleared*
This still leaves us without a veiy precise reply as to where the papers are
and what papers are available. It would seem probably that if Dr. Chandler or anyone
else working in this field desired to consult Morgan records the area of consultation
shouLd be quite specifically defined and a letter go straight through to the present head
of Morgan and Company*

Probably, in the last analysis, the papers are under joint control

of the Morgan family and the Morgan Company.
c*c* ~ Br* Chandler