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June Dear Balpht It is gratifying to note the coamendation that has greeted your decision to run for t h e Senate from Vermont, and I need not add that if w e in the Federal Reserve System w e r e not barred from participation in political activities w e would feel like joining your torchlight procession. M r . Tfhitteaore thoughtfully seat m e a copy o f Dorothy Thompson 1 s article, w h i c h w a s v e r y good indeed. Y o u nay recall our long-standing rule on political matters and I a m sure, a s y o u think it over, y o u w i l l consider It a w i s e one, e v e n though under it y o u r association with t h e Boston Bank has t o b e discontinued, I a m enclosing a copy of a m o r e * or-less routine letter to M r . Creighton, w h o m a y have possibly discussed the m a t t e r w i t h y o n already. la a n y case, I just want t o send y o u this personal note t o say that X a m hoping for your success w h i l e re-* .^retting the severance of official ties with the System, Sincerely y o u r s . M r . Salph Flanders, Springfield, Vermont. • mnra
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