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May 22,
COJ-IFIDENTIAL

Dear Henry:
I hope I may have an opportunity to
talk to you again before you announce the appointment of the National Director of Sales*
I realize, of course, that the responsibility for the selection is entirely
yours, but the appointment is of such importance to the future success of the war financing and to the relationship of the Federal B&serve System to it that I should like
very much to discuss it further with you.
Sincerely yours,

Honorable Henry Morgenthau, Jr.,
Secretary of the Treasury,
Washington, D. C.