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'\ 584 I!X OP'FJCIO MEM81ER8 W. P. G. HARDING. GOVIRNOR ALBERT STRAUSS, VICE GOVERNOR ADOLPH C. MILLER CHARLES S. HAMLIN CARTER GLASS SICIETAIY OF THE TREASURY CHAIRMAN FEDERAL RESERVE 1;30ARD JOHN SKELTON WILLIAMS COMPTROLLER OF THE CURRENCY J. A. BRODERICit, SECRETARY W. T. CHAPMAN, ASSISTANT SECRETARY W. M. IMLAY, fiSCAL AGENT WASHINGTON ADDRESS REPL. Y TO\ FEDERAL RESERVE BOARD Augu.st 8, 1919. ... X-1649 SUbject: Board's views as to need for legislation providing for reduction of currency in circulation. Dear Sir: There is enclosed herewith, for your information, c~y of a letter which the Board has to~ addressed to the Chairman of the senate Conmi t tee on Banking and Currency in response to a letter from him requesting an expression o£ the Board's views as to the advisability of legislation providing for the gradual reduction of the currency in circulation, as proposed by ~enate Resolution 142. You will note that the Board desires that no publicity be given to this letter until the morning of August 11th. '\ Governor,. Enclosure. EACH LETTER TO/CHAIRMAN, GOVERNOR, MEMBER ADVISORY COUNCIL
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