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IDKNT: EDGAR A. JONES
[SIOKNT: SCR ANTON-LACK AW ANN A TRUST CO.

llDKNTi FRANK F. BROOKS
K l f l D I N T , FIRST NATIONAL BANK AT PITTSBURGH

COMMITTEE ON LEGISLATION
W. WALTER WILSON, CHAIRMAN
MILTON
EDWARD HOPKINSON. JR.
PHILADELPHIA
CARL W. FENNINQER
PHILADELPHIA
G. FRED BERGER
NORRISTOWN
FRANK HUMMLER
SCRANTON
SETH T . MCCORMACK
WILLIAMSPORT
GEORGE W. REILY
HARRISBURO
CHARLES F. ZIMMERMAN
HUNTINGDON
H. B. MCDOWELL
SHARON
FRANK R. DENTON
PITTSBURGH

TREASURER: ROBT. M. RUTHERFORD
PRESIDENT. STCILTON BANK AND TRUST CO.

SECRETARYi CHARLES F. ZIMMERMAN
PRESIOENT. riRST NATIONAL BANK. HUNTINGDON

MILTON. PA..

FICE OF THE CHAIRMAN

i l f t r #

ST MILTON NATIONAL BANK
MILTON. PENNA.

Eon. M. S. Eooles,
Governor, Federal Reserve Board,
Washington, D.C.
Dear Go┬╗/ernor Ecoles:
Yesterday I reoeived your letter of February 27th, with which
you enclosed a copy of your address at Columbus, Ohio on February 12th,
mailed to First Milton National Bank, Milton, Pennsylvania of -which institution I am the President, reprinted from the Congressional Record of
February 14th, for whioh kindly aooept my thanks.
Shortly after its introduction on February 5th, 1935 I received
a copy of House Bill 5357 whioh I read very carefully and I must say that
I was inclined to criticize Title II but I decided to "withhold criticism
until I had an opportunity to further study and disouss the Bill and I not
only refrained from passing judgment on it but I used my influenoe as best
I could to prevent opposing resolutions being adopted at five annual
Pennsylvania Bankers Assooiation Group meetings held in February. I xvas
successful in this connection at the meetings of Group Two, Group Three and
Group Eight. Resolutions were adopted at the meetings of Group Five and
Group Six. I do not know whether copies of these resolutions have oome to
your attention or not.
I have read and re-read your address and I am still withholding
judgment. You have oertainly presented most convinding arguments and I
congratulate you. If there are any late developments which you can consistently give me in connection with this Bill in order to bring my files
to date I will appreciate it if you will let me have them*




Respectfully yours,

Chairman.