The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
(-7k4 , NEW HAVEN CHAPTER AMERICAN INSTITUTE OF BANKING 1926-1927 SECTION' OF AMERICAN BANKERS ASSOCIATION JOSEPH H. ALLEN, PRESIDENT MERCHANTS NATIONAL BANK WILLIAM G. CLEAVER, VICE-PRESIDENT FIRST NATIONAL BANK WALTER P. JOHNSON, SECRETARY MECHANICS BANK PHELPS LEWIS, TREASURER MERCHANTS NATIONAL BANK January lah, 1927 Uovernor Benjamin Strong Federal Reserve Bank New York City My dear Mr. Strong: Last year at our annual banquet, and pleasure of hearing Yr. W. 2. we had the honor G. Harding, tiovernor of the Federal Reserve Bank of 3oston; as our association is gomprised, as you know, of bank men, he brought to us a message which was Lost interesting and helpful. This year we would like to extend cordial invitation to you to speak at our annual banquet, which is to be held F bruarr 17th,at the 1 you could find New Haven Lawn Club, this city. the time to be with us on that night, we would appreciate it very much and,personally, I feel that it would assure the success of our evening. ra With the to arrange to be with us that you may be able ruary 17th, I am truly, JHAM iir.I141011.1.; *Altars / , T., January 14, .1g27 My dear Mr. Allen: I re6ret to tel1 ou that Kr. trn nas been oblii;ed to leave the city f,olloming, 6 recent severe illneee, and he All not be here during the mouth of Fohruary. It ill be impossible, therefore, for him to address the annual banquet of the kmerican Intit.ute of Bsraing,although I shall, of course, be happy to convey to him your tbouzbtful invitation. r. Stron. has A keen interest in, tbe .14ffaire of the Ifietitute, but :::ircutettnces debar him from ttking a very active part in ite ffaire. In thie instance I wish to send tbie advice at once, so tht,t you may not be delayed in securir. another eptaker who Ail, I hope, asaure you of e suc..ctissful event% on Februt.ry 17. Very truly yours, Secretary to Yr. Benj. Strone;. Mr. Joseph H. Allen, Presinent, American institute of Banking, Merchants National 2ank, Nei Haven, Conn. 4:$ eirz, 747' --- BOSTON CLEARING HOUSE, CHARLES ARUGGLES, mANAGER. September 14, 1914 Mr. Benjamin Strong 0/0 Bankers Trust Company New York City Dear Sir; A0now1edging your telegram of September 12 from Woods Hole, I beg to enclose confirmation of telegram sent to Governor Hamlin this morning. This telegram had the approval of foreign exchange interists in this city and also of members of the Clearing House Committee Mr. Gaston whom I Was unable to with the exception of reach.. respectfully, Enclosure P. S. ,1 have since peen President Clearing House AssoCiation Mr. Gaston and he agrees with the others. September 14, 1914. O. SO Hamlin, Govermor Federal Reserve Board Wesbinatonk C. Banking interests hor,-, ver,7 Aronay urce the pool alona lines proposod by ?organ cowittee. immediate formation of gold They believe liewjork City note transaction is tot 1-0.ie,4ta seneral exohame situation and that promot relief ie nooessary. Thonas P. Beal. SEND THIS COPY TO AUDITING DEPT Thomas P. Beal, Esq., Second National Bank, Sept. 14, 1914. Boeton, Mass. Federal Reserve Board has announced that eonclusion rew 701: Aty financing makes unnecessary to consider gold plan for present. Effect of announcement in New York very unfavorable, 7e believe completion Dew York financing makes raising gold fund from rest, of country much easier and necessary should be done before English moratorium expires October fourth. Gold pledged for City cannot be used for any other purpose, and no exchange will be made by that transaction. If you agree wisdom of carrying out our recommendation suggest you wire Federal Reserve Board or Jecretary Treasury urging prompt action. New York Bankers will cooperate in handling exchange for city and pool accounts. Benj. Strong, Jr. THOMAS P. BEAL, PRESIDENT. THE SECOND NATIONAL BANK BOSTON, MASS. 0 SEP 1 7 1914 L12 September 16, 1914. Mr. Benjamin Strong Jr., 16 Wall Street, New York City. Dear Sir: I have yours of September 15 this morning. I fear I must ask to be excused from being in Washington on Friday morning of this week, feeling that Mr. Forgan and yourself can probably fully discuss with the Federal Reserve Board all the questions which may arise. In regard to the attitude of Boston Banks contributing to the gold fund, I think there is a feeling that the Banks of New York, doubtless of necessity, are considering and entering the City of New York by itself the exchange market and buying exchange where they can and therefore keeping up the price of exchange. they have their own people in this Boston Banks feel that city that must be taken care of and therefore their supply of gold must be used for this purpose. You may remember that at the meeting in Washington I stated that the net indebtedness of Boston was estimated at about $35,000,000. foreign If a real pool could be made of the foreign indebtedness of all the cities ins' this country, and New York as well as all the cities contribute to -a gold fund, I believe Boston would be glad to contribute its share. As previously stated, I think the amount of gold and legal tenders held by Boston Banks and Trust Companies is about 25,000,000. Yours very truly, )7_,,e-7 BOSTON CLEARING HOUSE As SOCIATION THOMAS P. BEAL , PRESIDENT CHARLES P. BLINN, JR. SECRETARY SepteMber 23, 1914. Mr. Benjamin Strong Jr., 16 Wall Street, New York City. My dear Mr. Strong: beg to adknowledge yours of the 22d instant with enclosure as stated for Which I am very much obliged. P. - / F THE FIRST NATIONAL BANK OF BOSTO 7923. BOSTON, MASSACHUSETTS (CriOrcdic H. DWINNELL / N-1 October' VICE -PRESIDENT Twenty-third 1925 Hon. Benjamin Strong, Governor, Federal Reserve Bank, New York, N. Yr My dear Governor Strong: Upon behalf of Mr. Wing, who is today in New York en route for our Buenos Aires Branch, I have pleasure in acknowledging receipt of your letter of yesterday's date, from which we note that provided Dr. Schacht has an available opportunity to visit. Boston, you will send word to us, even though the notice may be short. It will give us particular pleasure to receive Dr. Schacht at any time when it may be convenient for him to come to Boston, and we will extend to him a warm welcome. We quite understand that on account of the private character of his visit, he is making no engagements for anything in the nature of an official party or public speech, and we will be guided accordingly, should we be fortunate enough to see Dr. Schacht with us here in Boston. With many thanks for your note, Believe me Your tru 4l liovember 9, 192b. My dear Mr. Dwinnell: I am very sorry to ie obligeci to advisr. you that Dr. -,ctlacht will find it im;,osGible to get to Boston. He has hurl bo many enggeitents to keep, and besides that has ben celled on to make two tripe to Washiniiton and one to Chicago, that a trip to Li:: was very grateful for Boston becomes impossible. the Buggeation. With kindest regards, believe me, Very truly yours, Clifton H. Dwinnell, Ekgi., First itational Bank of Easton, Boston, Wise. - B3.1.6 SEND THIS COPY TO AUDITING DEPT Sept. 14, 1914, L. L. Rue, Esq., Philadelphia,National Bank, Philadelphia, Penna. Federal ileserve Board has announced that conclusion New York. City financing makes unnecessary to consider gold plan for present. Effect of announcement in New York very unfavorable. We believe completion fund from rest of country much should, be done before Imglish moratorium expires New York financing =kiss raising gold easier and necessary October fourth. Gold pledged for City cannot be used for any other purpose, and no exchange will be made by that transaction. If you agree wisdom of carrying out our recommendation suggest you wire Federal 2eserve Board or Secretary Treasury urging prompt action, new York Bankers will cooperate in handling exchange for city and pool accounts. Benj. Strong, Jr. OIRUANIZIE RD 184)3 0 CAPITAL $1.500.000 SURPLUS 4.000.000 LEVI L. RUE, PRE SIDEET LINCOLN GODFREY, VICE FEE sIDEN, HARRY J. KESER, CASHIER HORACE FORTE SCITE,AssT CASHIER PHILADELPHIA. WILLIAM S. MADD 03cASEIT CASIMIR DAVID W STEWART, A ST. CASECOM ept .15th.1914. FRANK F. STKPIIENS,AL-Drroa Mr. Benjamin Strong, Jr., Cio Bankers Trust Company, New York City. Dear Mr. Strong:- Your letter of the 14th. instant is received confirming your telegram with reference to the announcement of the Federal Reserve Board in regard to the proposed Gold Fund. I hesitated to telegraph the Federal Reserve Board urging a change in their decision in the absence of any to the reasons which led them to think it information inadvisable as at this time to put the proposed plan into operation, as it would seem presumptuous on my part, without such information, to appear in any way to criticise their course. I shall hold myself in readiness to join the Committee in Washington if it is decided by you and Mr.Forgan desirable that the Committee should meet, or to do anything else I can in the matter. Believe me, Yours very truly, 0 3 OFF ICE OF THE THE PHILADELPHIA NATIONAL BANK PRESIDENT. September 18th.1914. Mt. Benjamin Strong, Jr., Bankers Trust Co., New York City. My Dear Mr. Strong: Referring to our conversation today over the telephone I find that in accordance with new regulations, it will be impossible for me to board the Congressional Limited from New York. Just why this is I am not informed but nevertheless it is the case. However, I expect to tyke a train tomorrow afternoon which reaches Washin fOn at 8-20 o'clock and will be at the New Willa nine. about quarter of Upon my arrival I will be very glad of the opportunity of seeing plti and Mr. Wiggin to talk over the situation so 'that I can be better informed as to just how thing's are. Wiih kind regards, believe me, Yours very tray- OFFICEOF THE PRESIDENT. THE PHILADELPHIA NATIONAL BANK Sept. 23rd. 1914. Mr. Benjamin Strong, Jr., C/o Bankers Trust Co., New York City. My Dear Mr. Strong:- Your favor received enclosing which I thank you. of the 22nd. instant is papers as stated, for all of _22 -/.1 tt, Ao, t.2,4,4 67 diia .y .-cie./G4:on - . .W; 4,2deare (Akfri nuatt rwri.1 a/u4 ACKNOWLEDGED OCT 2 21925 THE FIRST NATIONAL BANK OF BOSAN s. BOSTON, MASSACHUSETTS NIEL G. WINO A PRESIDENT October 21, 1925 My dear Governor Strong: While recently in Boston the German Ambassador, Baron von Maltzan, suggested the desirability of a visit to Boston on the part of Dr. Schacht, the President of the German Reichsbank. We accordingly extended an invitation to Dr. Schacht through the German Ambassador, who informed us this morning that we should learn from you when it might be convenient for Dr. Schacht to come to Boston. I should be glad to hear from you in due course with reference to Dr. Schacht's plans, as we would like to give him a warm welcome upon his arrival and see that he meets representative interests while here. Very truly, E-tz- resddent Hon. Benjamin Strong, Governor, Federal Reserve Bank, New York City. October 22, 1925. My deer Mr. Ming: I have just received your note of the 216t, end hasten to hdTio6 you of the situation to Dr. Schechtia visit in Boston. He is here for a very short sty indeed, and un- fortunately is 'obliged, b4for e leaving, to no to Washington again. The indefiniteness of his trip to Washington wAss it impossible for him to sty now whether he can get to Boston or not, or when the data would be if be were tble to go. 1 em therefore taking the liberty of suge:oeting that if he finds he can spars the time for the trip, I will send word to you, even though the notice be very short, and then if you feel dinposed to entertain him id it is convenient to do so, I am very certain that he will enjoy it. I think T should expltin thet on account of the private character of his visit, he is akin g no ongegements for tnyteing in toe nature of an official peaty or public speech, and in fact has declined many invitations of that sort, because he feels thet it would be inconsistent with the object or his visit. Many thtnks to you for your note. Very truly yours, Daniel Q. Wing, Esq., President, First National Bank, Boeton, Mess. BE3.1.4