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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.