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TWE WHITE HOUSE WASHINGTON March 4, 1940* Dear Marriner: I have had to decide on refunding $73# million of notes — "because honestly I am fearful of the international situation and, confidentially, the news from Wellesf visit in Berlin does not make me any happier* Therefore, I think it best to get a little more than half of the refunding out of the way rather than less than half* We can always use a portion of the stabilization fund for debt retirement, later on* F*D.R* Honorable Marriner Iccles, Chairman, Federal Reserve Board*
@FedFRASER