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Memorandum Re: Lynn Talley It is my impression that Jesse Jones is unfavorable to Ralph Morrison or to anyone else from the Texas district because he would like to shift Talley, I have checked into the Talley situation and find that he has been confined to his bed and has had a trained nurse in constant attendance since last July. He is suffering from a serious heart ailment, and it it not probable that he will ever be able to resume active work. I understand that he has been at Johns Hopkins for some time, having been removed there in an ambulance so that he may be kept entirely quiet• He is certainly in no condition to shoulder the heavy responsibilities of Board jnembership and there is little prospect that he will ever be able to do so* He is ultra-conservative, very set in his views, and so antagonized the bankers of Texas at one time that a strong movement was launched openly to get him out of the Dallas Reserve bank* Subsequently he became head of the Bank of America when it was taxen over by Wall Street interests. He fought Giannini's return to the bank and was obliged to vacate hastily when Oiannini was victorious in his fight to regain command. Giannini has by letter and ?/ire protested vigorously against Talleyfs appointment to the Board. If Jesse Jones is so favorably impressed with him why did he not make him a member of his own Board to fill one of the four or more vacancies on that Board which have developed since Talley became assistant to the Board? I am suspicious that Jesse Jones wants to unload something.
@FedFRASER