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PAUL M. WAR BURG, CHAIRMAN ADVISORY COM MinE£: ALLEN B. FORBES, CHAIRIIAN FREDERIC A. DELANO F. H. GOFF CAPITAL ISSUES COMMITTEE CHARLES S. HAMLIN HENRY'c. FLOWER OF THE W. T. CHAPMAN, SECRETARY 8RADL£Y W. PALMER, COUNSEL FEDERAL RESERVE BOARD STEPHEN L. SELDEN EXECUTIVE SECRETARY X-oc..) c-L'~ES WASHINGTON Q. NEWTON AsST, EXICUTIYISICRJ."tAR~ March 20, 1918. De3..r Sir: The Committee is uncie.rt;:iking tne tical report of it8 work. .i~velOJ:rc,ent of .1 at.1.tis- Any ouch ..cepo.ct I>Ouli, of course, not reflect the .actual work ione unless it .;:;howed. the numb,~r 3.nd amot;.nt of items of the class consiciered by.the Comoittee wnich were either discour~ged or postponed for the period of the war through the efforts of the Sub Comadttees without being submitted to the Committee at Washington. Will you please be good enough to have p~aced in the hands. of all your committee members, both permanent ·and auxiliary, C3..rds in the form attache:i, reY.U~Bting them to f i l l out sucn cards with respect to each item so handled oy them~ This data should be forwarded. to the Comxittee at Waohingtori daily by the Sub Committee. Faithfully yours, Secl'dt.:t.ry. Chairman, Sub Com~ni ttee on Capital Isdues, Federal Reserve Dist.rict No.