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711,--e-At tr, eAte60?-4-7--Z November 27th, 1916. Dear Ben: The enclosed, invitation is sent with something of regret. ' Not'because it is an invitation, but because it emphasizes for the moment your being unable to attend. As you perhaps lmow, I was away when you went' ,Yest and it was not until some time after that I learned of the reason of your mission. Since then I have been to Europe and other parts of the world, which accounts m6st largely for my not having written to you. I was more than pained to learn of your illness, as I can imagine what it .means to be laid up in this manner and particularly Then, you are in the midst of such important and successful work. . I hope you are philosophical and are reali4ng that even if temporarily laid up, you will find thin quite the same and a most cordial welcome when you come back. Vanderlip and Warburg have both: told me of having seen you, and both f- aging reports. . give. encour- This is gratifying in the extreme; particu- larly the part as to which they assure me, that you are very philosophical and showing your usual judgment in making the best of a situation. Referring again to the enclosed invitation, it means that in view of the kindly interest of some of our political friends, we have re-organized the Bankers Trust Company, so that from some points of view it would hardly be recognizable. In commemoration of this I am giving a dinner to the original members of the Executive Committee and the ex-2residents, and later Award .expects to give a dinner to the same, including the old and new directors. While you will be unable to be with us in person, we shall drink to you as with us in spirit and anticipate the time when we may again greet you here. With best love and best wishes, believe me, Sincere y yours, BenNnin Strong, Jr., Esq., Estes 'ark, Colorado. Hyde Park Hotel, London, May 2, 1926. My dear Mr. Fischer:. Your kind note of April 27th WRZ delivered to me this morning by Mr. Giles, and Mr. Presser had already cabled me that I might expect to see you. In view of the possibilities of a railroad strike, and as I am to be in Paris in but two weeks, it hardly seems necencary to trouble you to make the trip to London solely on my account, but I r.). most grateful to you for offering to do RO. Then I do reach Paris, which dbould be about the 15th, I shall take the first opportunity of stopping at the Walkers Trust Company office and asking for you pith kindest regards, believe me Sincerely yours, Mr. H. Fischer, Managing Director, Bankers Trust.Compeny, 5, Place VendOme, trai /3 a Washington, Dacember 3, 1913. Dear Mr. Strong, In accordance with your message through Mr. Bailey, I am mailing herewith a copy of the memoranda prepared today. This, you will note, stops where you left off. Mr. Kent has been reading over the Bill, and is now with Senator Burton. I have no idea what time he will return, and, as it is getting late, I send this along without having it supplemented with his dictation on the other paragillphs. You left your walking-stick on the bed. I don't suppose that you need it to point at the ducks, so, unless you send along any other directions, I will bring it bact to New York. Mr. Bailey had Mr. Kent come over from the Shoreham, and put him up in your room, so we are all here comfort Since ly ly settled together. Possibly you have noticed an error in the nuObering of these pages. I ran ever your set hastily, and, finding two sheets paged 22, concluded that I had 7)1Nced two copies of the one page in your set. This morning I se A that they Ire not duplicates, and that cbnsequently your set is short the attached page, which should follow your page 22. J.H.I. SIXTY TWO CEDAR STREET NEW YORK CITY March 17th, 1915. Dear Mr. Lewis: /- Your favor of March. 16th and notice from the ceived. Inasmuch a ncandescent Mr. Lamo nclosing proxy consent ght & Stove Company is re- has executed nd sent on his consent and proxy, In r.A_y to do the same, provided, however the Incandesce not among ight & Stove Company securities were those turned over to Mr. Converse, in which case Mr. Converse would be the one to sign this proxy. Will you please be good enough to let me know about this? Also, if my memory serves me correctly, I have some stock coming to me from the Tobacco this being aimpa stock Prgazajpmpany, part of that in which Mr. Reid and Mr. Wiggin were interested. I will appreciate your letting me know about these matters, and thanking you in anticipation, lain, Very truly yours, Mr. J. H. Lewis, The Bankers Trust Company, 16 wail Street, New York City. VOM BANKERS TRUST OFFICERS SEWARD PROSSER, PRESIDENT. 3. E.POMEROY,,cF PRESIDENT. Y. N.IDUANS , VICE PRESIDENT. RENT, VICE PRESIDENT. F. F.N.B.CLOSE, VICE PRESIDENT. HAROLD B.THORNE, voCE PRESIDENT GEORGE W. BENTON, TREASLIRER BETHUNE W. JONES, SECRETARY GUY RICHARDS, *SST SECRETARY, TRUST DEPARTMENT COMPANY OFFICERS H.F. WI LSON,J R.. ASST SECRETARY. R.H.GILES, ASST. TREASURER PERRY D.BOGUE, ASST. SECRETARY. HARRY N. DUNHAM, ASST. TREASURER. 41ICHAELS. TR,ST FDFF/ c/SR CAPITAL $10,000,000 SURPLUS FUND 10,000,000 BEACH POLK, Assy TREASURER. J. F. SCHMID, ASST. TREASURER. R.G. PAGE, ASST. TRUST OFFICER. CABLE ADDRESS: BANKTRUST, NEW YORK. W.A. H END ERSON,A U ENToa. 16 WALL STREET NEW YORK January 26, 1916. Mr. Benjamin Strong, 62 Cedar Street, New York City. Dear Mr. Strong: We are in receirt and shall be pleased to comply your letter of even date f/ ith your request to forward all notices, advices of credits etc. to Mrs. /McLaren during ;our absence from the city; al o that in the event of any attention being required with rE44rence to your securities, she will be in a position to commun cate with you. Yours very truly, Atelr Trust Officer. A June 1, 1921. PERSONAL gy dear gr. Prosser: We have only %itnia the last few weeks been able to cdnclude the final accounting of the expenses of the various Liberty loans, and determine to what extent, if any, expenditures made by the organizatiAl could not be reimbursed by the Treasury under existing lad, or rules of the Department. we find that the total amount of such items that cannot be reimbursed is 2,535.97. Of this sum, the Federal rteserve Bank ib able to absorb $2,229.74. The remainder,..5.06.!:75, I have pai(j, pereonally. The Liberty Loan Committee i-,assed a resolution, agreeing personally to assume certain charges, up to a limited amount, which as I recall was t1,000. If the members of the committee care to pay their respective shares of this sum, the amount of each committeeman's proportion will be Had theee operations been conducted since the passage of the Voletead Act, it would not have been necessary to ask the oommittee to make any oontrieu- tion. Yours very truly, Sewurd Prosser, Esq., 1.,3 Wall St., New York, N. Y. June 15, My dear Mr. Prosser: I thank you for the remittance of 05.55 enclosed in your favor of June 15. Yours very truly, Seward Prosser, Esq., le wal St., New York, N. Y. BANKERS TRUST SEWARD PROSSER, PRESIDENT COMPANY NEW YORK 16 WALL STREET MANAGING COM M ITTEE D. E. PO M EROY, F 1.KENT. F N El, CLOSE. A.A.T1LN EY, THOMAS H I LOT. H.J.COCH RAN, VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT FIFTH AV EN U E AT 42,,TREET CABLE Ao9RESS- BANKTRUST -NEW YORK MADISON AVENUE AT 57VSTR EET PARIS 9 RUE ST FLORENTI N 16 PLACE LIEN DOME 6 1921 JUN 16 WALL STREET NEwYoRK, June 15, 1921. My dear Mr. Strong: Mr. Prosser has asked me to send you the enclosed check for $23.55, representing his proportionate share of the expenses in connection with the various Liberty Loans. Yours very truly, Secretary to Mr. Pfosser. Benjatin Strong, Esq., Federal Reserve Bank, 120 Broadway, New York, N.Y. II hk /'ke,Vted , 14J (2 )1. prfek, &ram, DIRECTORS. OFFICERS. JAMES S.ALEXANDER,Prest.Nat.Bank of Corm-net, in N.Y. STEPH EN BAKER, President Bank orthe Manhattan to. SAMUEL G. BAYN E, President Seaboard Nat.Bank. EDWIN M. BULKLEY, Spencer Trash & Co. Bankers. E. C. CONVERSE, Presiclent.AstorTrust Co. THOMAS DEWITT CUYLER, Prest.Commercial Trust Co.PhiK. HENRY P. DAVISON, J. P. Morgan & Co. Bankers. WM. NORTH DUAN E , Vice President. RUDULPH ELLIS, President Fidelity Trust Co. Phila. F HAYWARD FERRY, Vice President Hanover Nat.Bank. TER E. FR EW, President Corn Exchange Bank. Fix ECK T. H AS K ELL,V. Prest. III.Trust &Savings Bank Chicago. A. BARTON HEPBUR N, Chairman Chase Nat.Bank. FRANCIS L. HINE, President First Nat. Bank. EDGAR L. MAR SION, Blair& Co. Bankers. JOSEPH B. MARTI N DALE, President Chemical Nat.Bank. GATES W. Mg GAR RAH, PrestMechanics'i& Metals Nat.Bank. CHARLES D. NORTON, Vice Prest. First. Nat.Bank. WILLIAM C. POI LLO N, Vice President. DANIEL E. POM ER OY,Vice President. S E WAR D PROSSER, Prest.Liberty Nat. Bank. DANIEL G. REID, Vice President Liberty Nat.Bank. BENJ. STR 0 NG,JR. President. EDWARD F. SWINN EY, Prest.First Nat.Bank,Kansas City. GILBERT 0TH OR NE , Vice President Nat.Park Bank. EDWARD TOWNS EN D, Prest.Imp.&Traders Nat.Bank. ALBERT H. WIGGIN, President Chase Nat.Bank. SAMUEL WOOLVERTON, Vice President Hanover Nat.Bank. BANKERS TRUST COMPANY $10,000,000 CAPITAL SURPLUS FUND 10,000,000 CABLE ADDRESS: BANKTRUST, NEW YORK. GUY RICHARDS, Asst. Secretary. H.W. DONOVAN, Asst.Treasurer. BETHUN E W. JONES, Asst.Secretary. H.F. WI LSON,J R.,Asst.Secretary. R. H.GILES , Asst. Treasurer. PERRY D. BO GUE, Asst.Secretary. HARRY N. DUN HAM, Asst.-Treasurer. I. MICHAELS, Trust Officer. 16 WALL STREET NEWYORK, October 27, 1914. FOREIGN EXCHANGE DEPARTMENT Mr. Benjamin Strong, Jr., 27 Pine Street, New York. Dear Mr. Strong:- Referring to our conversation of to-day, I am handing you herewith a copy of Mr. Simpson's letter to Mr. Kent. 1/4414 BENJ.STRONG,J R., President. WILLIAM C. POILLON, Vice President. D. E. POMEROY, Vice President. W. N. DUANE,Vice President. F. I. K ENT, Vice President. HAROLD B.THORNE , Vice President, F. N. B.0 LOSE,Vice President. GEO. G.THO MSON, Secretary. GEORGE W. BENTON, Treasurer. Very truly yours V BANK OF LIVERPOOL LIMITED Box No. 107. LIVERPOOL, 13th October, 1914. hear Mr. Kent:I thank you for your letter of yesterday, which I have read with great interest. Mr. Strong's appointment is an excellent one from the point of view of the Banking and Commercial community of New York, though I am afraid it will mean a severe loss to your Company. I am writing to Mr. Strong offering him my warm congratulations and good wishes. With regard to the Cotton situation in Liverpool, I appreciate the fact that you have authorised your Institution to buy Drafts on this Bank up to Z100,000, and that you are prepared to extend this line' in case of need. With regard to the scarcity of Cotton Bills, the simple reason is that practically no Cotton Importing is going on; the demand for the finished article fell off sharply at the outbreak of War, and has not yet revived. Merchants of cloth have large stocks on their hands, and can take no more from Spinners and .Manufacturers. Spinners and Manufacturers are accordingly closing down their Mills, and the demand for raw spot Cotton has shrunk to very small proportions. A Turther difficulty is that the Cotton Exchanges of the World are still closed, so that the usual machinery for hedging purchases of Cotton by future sales is not available. All this is quite enough to account for the fact that very little new crop Cotton is being purchased in America at present. The phase of the situation to which you refer, is not one which attracts much attention here. It can only be in the rarest instances that purchases were made by Importers on this side for Autumn delivery, so that that factor does not enter into the question of exports to this country. On the other hand, I am told that a considerable amount of Cotton was purchased by American spinners in this way, and they are mire to lose pretty heavily in respect of such contracts. I confess that I can see no solution to the present difficulty, except time. In course of time demand for Cotton Goods is .sure to spring up again, but until the War is over, the demand is bound to be of a restricted character. Cotton Bills will accordingly be scarce for some time to come. There is no hesitation on the part of British Banks to finance Cotton Importers, so that the difficulty will not be solved by special financial facilities being offered in Eew York. c In these circumstances, I think it will only be wasting your time to suggest that you should come to Liverpool, though I need hardly say that if you wish to do so, I shall be only too glad to see you and to find that you can stay at my house for the night. Yours sincerely, (signed) JAIIES H. SIMPSON. .1tr(t COPY. BANKERS TRUST COMPANY No. 56'71 New York, / Gentlemen:We beg to introduce to you .111 in whose favor we hereby open a credit wit* y sum ollectively for the of(.6 Pounds Sterling, to which extent be pleased to furnish paym4nts in sums as required inscribing the amounts so paid on the back of this letter. In reimbursement you wkriake demand draft on THE LONDON Y AND! MIDLAND BANK, (Limited). London, inserling in the date an number of this credit, which, when inscribed on the back bf this 2t1er, we engage CD shall meet with due honor. 0 Your charges are to be paid by the bfgrer heif Requesting for ,y)-1 (2 ___, A vt ---1 , CC we have the honor to remain, best attention yo 0 C..) Dear Sirs, Z.CEr. Yours faithfully, BANKERS TRUS7 COMPANY. This Credit is in force until o Messieurs the BankersZ-named in our Letter of indication A P PRO VED BY L/cAjc CARD L/c LEDGER 1/c JOIMAL 'LONDON ADVICE N 27 SIGNATURES 1916 1(--Y-7 /7./ 31 LETTER OF CREDIT AGREEMENT 8 1Frrafi, Bankers Trust Company have at the request of the undersigned, issued and delivered its Letter of Credit, as per copy annexed, and in consideration thereof the undersigned jointly and severally agree with said Bankers Trust Company, its successors and assigns, to pay it or them on demand in United States gold or equivalent, any and all amounts drawn in virtue of said Letter of Credit, plus a one per cent. commission and exchange and charges payable at current rates. The undersigned hereby authorize said Bankers Trust Company, its successors or assigns to, and hereby agree that it or they, may sell at any time, at public or private sale, with or without notice, any securities of any kind whatever, that it or they may hold against such Credit. The undersigned further agree that the payee shall affix sample signature to the Letter of Indication in respect of said Credit before such Credit is in any way made use of. The undersigned further agree that if said Letter of Credit be either lost or stolen, on discovery thereof, immediately to notify the said Bankers Trust Company, New York and/or the London City and Midland Bank, Ltd., London, by telegraph, and the undersigned jointly and severally authorize the Bankers Trust Company and the London City and Midland Bank, Ltd., 'upon receipt of such notification (1) to notify by post their correspondents of such loss or theft, and (2) to take such other precautions as they in their discretion may deem proper or advisable in the premises, and the undersigned jointly and severally agree to reimburse said Bankers Trust Company and said London City and Midland Bank, Ltd., for any and all expenses thereby incurred ; and further, if any pa3mients are made against such Letter of Credit, so lost or stolen, by any Bank or Bankers observing the precautions usual at the place of payment, aud before the receipt of any such notice, the undersigned jointly and severally agree to indemnify and save harmless the Bankers Trust Company or their correspondents from any loss sustained or liability incurred thereby. The time limit originally specified in said Letter of Credit may, upon the application of the holder thereof, be extended by said Bankers Trust Company, or any of its correspondents, without notice to any other party hereto, and thereupon all the terms hereof shall remain in full force and effect for the term of such extension, without releasing any party hereto. Said Bankers Trost Company may assign or transfer this instrumemt and may deliver any security or any part thereof to the transferee or transferees who shall thereupon become vested with all the powers and rights herein above given to said Bankers Trust Company, its successors, assigns and correspondents, and said Bankers Trust Company shall forever be relieved and fully discharged from any liability or responsibility in the matter. NEW YORK (BANK) Guarantee to Bankers Trust Company re issue of Letter of Credit. c In , consideration of the issuance of Traveler's Letter' of Credit, No . , dated in favor of - for - pounds (&L.e,(2,.c/: ), the undersigned hereby assigns, transfers and sets over to Bankers Trust Company, New York City, all credits now due from said Trust Company to the undersigned and all further credits due from said Trust Company to the undersigned from time to time, to total aggregate amount of such Traveler's Letter of Credit, including interest and charges, and the undersigned hereby authorizes said Trust Company to reimburse itself out of and tharge against said credits, for all payments made by it as to all drafts drawn against said Letter of Credit, except that in so far as such drafts may be so paid or charged, the liability of the undersigned hereunder shall be reduced to that extent. In so far as such credit shall be insufficient for such reimbursement, the undersigned agrees to repay said Trust Company and the undersigned further agrees to indemnify and hold harmless said Trust Company from any claim against or loss to it arising out of such issue of said Letter of Credit, receipt. of which is hereby acknowledged. WITNESS my hand this 19 JAN 2 116 day of BANKERS TRUST OFFICERS f"--',IWA RD PROSSER, PRESIDENT. \,,Z.E.POTHEROY,VICE PRES,D.ENT. W.N.DUANE, VICE PRESIDENT. F. I.K ENT, VICE PRESIDENT. E.N.B.CLOSE, VICE PRESIDENT. HAROLD B.THORNE, VICE'APESIDENT GEORGE N4.BENTON, TREASURER. BETHUNE W. J ONES, SECRETARY. GUY RICHARDS, ASST. SECRETARY. COMPANY OFFICERS H.F.WILSON,JR., ASST. SECRETARY. R.H.GILES, ASST. TREASURER. PERRY D.BOGUE, ASST. SECRETARY $10,000,000 CAPITAL SURPLUS FUND 10,000,000 HARRY N. DUN HAM , ASST. TREASURER. I.MICHAELS, TRUST OFFICER. BEACH POLK, ASST. TREASURER. J. F. SCHMID, ASST. TREASURER. R.G. PAGE, A SET. TRUST OFFICER. CABLE ADDRESS: BANKTRUST, NEW YORK. W.A. HEN DERSON,Au 16 WALL STREET FOREIGN EXCHANGE DEPARTMENT NEW YO R K January 25, 1916. Mr. Benjamin Strong, Jr., 62 Cedar Street, New York City. Dear Sir: We are in receipt of your favor of January 14th and, as requested, hand you herewith the following: Letter of Credit No. 5671 'or 41000, in your favor, good until July 31st, 1916. $2000. in American Bankers Association Travelers' Cheques. h50 in English gold. at 4.85i 1,50 in English paper @ 4.75 2500 Fes. Frenqh gold at.1935 Total $242.88 237.50 483.75 0964.13 We shall *pleased to receive your eheck for $964.13, covering the foreign money, also please sign the enclosed agreements covering the Travelers Cheques and Letter of Credit. CAM-ES Enc:/L, Assistant Treasurer. BANKERS TRUST OFFICERS SEWARD PROSSER, PRESIDENT. 3. E.POMEROY,CE PRESIDENT. W.N.OUANE, VICE PRESIDENT. F. I.K ENT, VICE PRESIDENT. F.N.B.CLOSE, VICE PRESIDENT. HAROLD B.THORNE, VICE PRESIDENT GEORGE W. BENTON, TREASURER. BETHUNE W. J ONES,SECRETARY. GUY RICHARDS, ASST SECRETARY COMPANY OFFICERS H.F.WILSON,JR.. ASST. SECRETARY. R.H.GILES, ASST, TREASURER. PERRY D.BOGUE, ASST. SECRETARY. HARRY N. DUNHAM, ASST. TREASURER. I.MICRAELS, TRUST OFFICER. BEACH POLK, ASST. TREASURER J. F. SCHMID, ASST. TREASURER. E.G. PAGE, ASST. TRUST OFFICER. W.A. HENDERSON,AUDITOR. $10,000,000 CAPITAL SURPLUS FUN D 10,000,000 CABLE ADDRESS: BANKTRUST, NEW YORK. 16 WALL STREET FOREIGN EXCHANGE DEPARTMENT NEW Yo R K January 27,1916. if Mrs. Maclaren, Secretary to Mr. Strong, Federal Reserve Bank, 62 Beaver St., City. Dear Madam:- We are enclosing herewith application blank signed by Mr. Burrell covering $1,000 in Travelers' Cheques issued to him under guaranty, and would appreciate your having this guaranty Also please have the notation "Kindly charge signed by Mr. Strong. my account" placed in the lower left hand corner and initialed by Mr. Strong. Thanking you, we remain Very truly MCA enc. 9iv ours Assistant-Treasurer. Jenunry 28th, 1916. Dear "ire: 77111 y(nx kindly mail to me at my office all advices of charges against the letter of credit and travelers checks which T nr. taking with re to &trope? Very truly yours, Bankers Trust Comp:cny, 16 Wall Street, row York City. BANKERS TRUST COMPANY OFFICERS SEWARD PROSSER, PRESIDENT. POMEROY,yicE PRESIDENT. W.N.DUANE, VICE PRESIDENT. F. I.K ENT, VICE PRESIDENT. F. N.B.CLOSE, VICE PRESIDENT. HAROLD B.THORNE, VICE PRESIDENT GEORGE W. BENTON, TREASURER BETHUNE W JONES,SECRETARy GUY RICHARDS, ASST SECRETARY. OFFICERS H.F. WILSON,J R.. ASST SECRETARY. R. HOLES, AssT TREASURER $10,000,000 CAPITAL SURPLUS FUND 10,000,000 PERRY D.BOGUE, ASsT SECRETARY. HARRY N. DUNHAM, ASST. TREASURER. MICHAELS, TRUST OFFICER. BEACH POLK, Ass, TREASURER F. SCHMID, AssT, TREASURER. PAGE, ASST. TRUST OFFICER. W.A. HEN DERSON,AU cuTOR. CABLE ADDRESS: BANKTRUST, NEW YORK. 16 WALL STREET FOREIGN EXCHANGE DEPARTMENT NEW YORK May 11, 1916 Mr. Benj. Strong, Jr., 62 Cedar Street, New York, L.Y. // Dear Sir: We wish to acknowledge receipt of American Bankers Association Travelers' Cheques 012.54122/31, ten at 5 0 . each, and A389416/25, ten at <$100. each, issued to you under guaranty; also cheques #C2716305/ 12, eight at $20. each,and Blt54165/8, four at ,,350. issued under guaranty to Mr. H.D. Burrell, for capcelation. .45 ,/ We have acd'ordingly canceled the guaranties covering these cheques and release you from all obligation thereunder. Very truly yours reasurer. %Assistant BANKERS TRUST OFFICERS SEWARD PROSSER, PRESIDENT. D. E.POMEROY,vicE PRESIDENT. .V.N.DUANE, VICE PRESIDENT. F.I.K ENT, VICE PRESIDENT. F.N.B.CLOSE, VICE PRESIDENT. HAROLD B.THORNE, VICE PRESIDENT GEORGE W. BENTON, SURER. BETHUNE W. JONES,SECRETARY. GUY RICHARDS, ASST. SECRETARY. COMPANY OFFICERS H.F.WILSON,JR., ASST. SECRETARY. R.H.G/LES, ASST TREASURER. PERRY D.BOGUE, ASST. SECRETARY. HARRY N DUNHAM, ASST. TREASURER. I.MICHAELS, TRUST OFFICER. BEACH POLK, ASST. TREASURER. J. F. SCHMID, ASST. TREASURER. R.G. PAGE, ASST. TRUST OFFICER. W.A. HEN DERSON,AucHToR. CAPITAL $10,000,000 SURPLUS FUND 10,000,000 CABLE ADDRESS: BANKTRUST, NEW YORK. 16 WALL STREET FOREIGN EXCHANGE DEPARTMENT NEW YORK Paw 11, 1916. Mr. Benjamin Strong, Jr., Federal Reserve Bank, Pine & Nassau Streets, New York City. Dear Sir:- We acknowledge receipt of Letter of Credit NO. 5671 for £1000., returned for cancellation, and hand you herewith your guaranty covering same. Very truly yours, ES cils enoVt Assistant Treaiurer. August 27th, 1917. Dear Sirs: Will you kindly forward to Mr. Strong draft on London for 230 drawn in favor of T7ontagu Norman, charging same to Mr. Strong's account? Thanking you for your attention, I an, Very truly yours, Secretary to Mr. Strong. tanker o Trust Company, Attention Yr. J. F. Schmid, 16 Wall Street, New York City. VC? Dear Sirs: Will you be good enough to issue a letter of credit to my order for g3,000 Drafts against the letter of credit should be sent to the Reserve Bank for collection, emd they will issue a letter of guaranty covering the same. I would also like to have a supply of travelers checks se 4700 200 100 in 4400 denomination in in 50 20 payable to my order, dind these will likewise be paid for by the federal Reserve Bank. I would also like to have 4:1,000 in travelers cheeks, of similar denominations, made payable to the order of Mr. Harold Vaughan, which will also be paid for by the Reserve Bank. Gan you also arrange to get me a small supply of nglish currency and french currency to take abroad with te, and at a fair rate of exchange? I shall not need these until the latter part of next week. Very truly yours, /Bankexs,,Xrust Oompany, ltriJall Str eet, New York. 1313/1ila l'oebruary 25, 1920. My dear Mr. Schmidt: ln accordance with our telephone cnverwItion of this morning, 1 am returning herewith Travelers/ ahequee for 0,000 which ara to be cancelled and the amount credited to Mr. Strong's account. As Mr. Strangle son will not leave for the west before March 29th, 1 can easily rrange to have *2,000 Travelers' chequesissued to him a few days prior to hie depar Yours 4ry truly, Encls. 0,000 Travelers' Cheques. Mr. J. F. Schmidt, Vice President, Bankers Trust Company, 18 W%11 Street, h. Y. Secretary to Mr. Strong.