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W. P. G. HARDING, G O V E R N O R PAU L M. WARBURG, VICE G O V E R N O R FREDERIC A. DELANO ADOLPH C. M ILLER CHARLES S. HAMLIN E X -O FFIC IO M EMBERS WILLIAM G. McADOO S e c r e t a r y o f th e T r e a s u r y C H A IR M A N JOHN SKELTON W ILLIAM S FEDERAL RESERVE BOARD C O M P TR O LLER O F T H E C U R R E N C Y WASHINGTON H. PARKER W ILLIS , S E C R E T A R Y S H E * M A X * . f ALLE N . A S S T . S E C R E T A R Y -k -A iw f ijlt A L A g e n t AD D RESS R EP LY TO FEDERAL RESERVE BOARD July 13, 1917. Dear SirtThis morning I wired you as follows, which I now confirm: "You may discontinue daily statements " y b wire until July twenty-seventh; resume them July twenty-eighth to thirty-first inclusive; then discontinue; resume again August fourteenth to seventeenth inclusive; then discontinue and resume again August twenty-eighth to September second inclusive." The Board appreciates the additional work that these statements entail upon your force, but deems it important that it keep in close touch with the situation during those periods when payments are being made on account of Liberty bond subscriptions. The Board requests that care be ta ken to resume the telegraphic advices on the dates above indicated. Very truly yours, Governor.