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F

e d e r a l
O F

RAY M .GIDN EY ,

R

e s e r v e

B

a n k

O l > E V K I.A J S t O

P r e s id e n t

March 20, 1951

Dear Marriner:
I am glad to have your letter of March 13 and to note that
your plans will bring you to Cleveland some time on Friday,
April 20. The way things have developed, it seems likely that
there will be events on Friday which would make impracticable
a luncheon or dinner of the kind I had thought of arranging.
April 20th is the opening day of the baseball season and The
National City Bank of Cleveland has a traditional baseball
party including luncheon at 12 o ’clock at the Hotel Hollenden
which is across the street from the Federal Reserve Bank. You
probably will receive an invitation from Mr. Sidney B. Gongdon,
President of The National City Bank. There are other baseball
parties going on the same day and I think the best arrangement
would be for us to go to the National City’s baseball party, if
that would suit you.
In the evening, The 50 Club which, as its name implies, is
made up of the business leaders of Cleveland, will be having
their April dinner-meeting and the speaker is to be Senator
Brien McMahon, Chairman, Joint Committee on Atomic Energy. I
think that you would enjoy attending the meeting and believe
that to be the best move we can make. When I learned that their
meeting was that evening, I rather hoped that they could have
you as the speaker but it was some time before I was able to
reach President Lindseth and their arrangements had already been
made*
For Saturday morning, I expect that The City Club would
like to have you meet the newspapermen. We are making reserva­
tion for you at the Hotel Statler and will arrange to have a
modest suite so that the news conference can conveniently be
held there. The City Club proceedings usually continue fairly
well into the afternoon. However, since the days are lengthening,
we could arrange some afternoon golf at the Pepper Pike Club if
you would like to do it.
I tried to reach you by telephone yesterday but found you
were away from Washington for about three weeks so I am sending




F

e d e h a l

R

o r C
RAY M .GIDN EY ,

e s e r v e

l e -v e i x

B

a n k

Ajstd

P r e s id e n t

-

2-

this letter along in the hope that it will be forwarded to
you.
Vith cordial greetings and looking forward to having you
in Cleveland, I am,
Sincerely your§.~

Ray

Hon. M. S. Eccles
Board of Governors of the
Federal Reserve System
Washington 25, D. C.




Gidney

March 26, 1951.

Mr. Ray M. Gidney, President,
Federal Reserve Bank of Cleveland,
Cleveland, Ohio.
Dear Rayt
Your letter of March 20th ixi reply to mine of
Marcih 13th has been forwarded to me in Utah. I note what
you say about the luncheon plans of Sid Congdon of the
National City Bank and also about the evening dinnermeeting of the 50 Club. I have received a letter from
Sid inviting me to join his group and I have just written
to him accepting the invitation. With reference to the
evening meeting, so far as I know at the present time I
have no other arrangements for the evening and if you are
going to attend I Should be glad to do so.
I appreciate your making reservations for me
at the Statler Hotel. I expect to be in Cleveland just over
the one night and I will be returning to Washington just
as soon as I can conveniently do so after the meeting with
the 50 Club.
I appreciate your offer to arrange a golf game
for me at the Pepper Pike Club, but I believe it would suit
me best to return to Washington as I would not have any
golfing paraphernalia with me.

Cleveland.




I will be looking forward to seeing you in
Kindest personal regards.
Sincerely,

M. S. Eccles.