The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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Federal Reserve Bank of St. Louis
300.011 - Gross Harry vs FRBank Cleveland
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Federal Reserve Bank of St. Louis
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February 16, 1940.
Squire, Sanders & Dempsey,
Union Coamorce Building,
Cleveland, Qhio.
Attention: Yr. Sterlin6 Newell
Gentlemen:
I enclose for your files a photostat of a
letter dated January 25, 1940, addressed to Mr. Tietjens,
Assistant General Counsel, Treasury Department, by Mr.
Shea, Assistant Attorney General, regardinc the case of
Harry Gross v. Federal Reserve Bank of Cleveland, which
I received without a covering letter in the envelope a
photostat of which is also enclosed.
Cordially you so
Walter Wyatt,
General Counsel.
Enclosures
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DEPARTMENT OF JUSTICE
WASHINGTON, D. C.
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Federal Reserve Bank of St. Louis
January 25, 1940
Norman O. Tietjens, Esq.
Assistant General Counsel
Treasury Department
Washington, D. C.
Re:
Harry Gross v. Federal Reserve Bank
of Cleveland; in the United States
District Court for the Southern District
of Ohio, Western Division, No. 50 Civil.
Sir:
Reference is made to your letter of October 18,
1939, relative to the above case.
Please be advised that this Department is in
receipt of a letter from the United States Attorney under
date of January 18, 1940, with which was enclosed a copy
of a judgment entry hearing the same date, granting the
defendant's motion for summary judgment and awarding
judgment in favor of the defendLnt at plaintiff's costs.
Unless an appeal is taken, this matter will be
considered closed.
Respectfully,
For the Attorney General
FRANCIS M. MEA
Assistant Attorney General
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Federal Reserve Bank of St. Louis
D IN
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1939
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April 4, 1039
;Tessrs. :quire, Sanders & Dempsey,
Tnion Con.:2erce Building,
Cleveland, Ohio.
Gentlemen:
lease accept ny thanks for your letter of ;4arch
1939 inclosing copies of correspondence between the Yederal
leserve Bank of Cleveland and the Treasury Lepartment regard'
1 C the case of Harry Gross vs. Federal Reserve 2ank of Cleveland.
Your courtesy in forwarding these copies for my infornation is greatly appreciated.
Cordially yours,
Walter ..yatt,
General L:ousel.
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SEGTION
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March 29, 1939.
Walter Wyatt, General Counsel,
Board of Governors,
Federal Reserve System,
Washington, D. C.
Re: Harry Gross vs. Federal Reserve Bank of
Cleveland.
Dear Mr. "Wyatt:
At the request of Mr. M. J. Fleming, President of Federal Reserve
Bank of Cleveland, we are forwarding to you two copies each of the following
letters exchanged between the bank and the Treasury Department respecting the
subject case, to-agit:
(1) Letter from the bank, dated February 2, 1939,
(2) Letter from the Treasury Department, dated March
13, 1939,
(3) Letter from the bank, dated March 15, 1939,
(4) Letter from the Treasury Department, dated March
27, 1939,
(5) Letter
from the bank dated March 29, 1939.
The foregoing are delivered to you for your information and for
such suggestions as you may care to make.
Very truly yours,
RSTJr:RG
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Federal Reserve Bank of St. Louis
February 2,
1939
Mrs. Marion Banister,
Assistant Treasurer,
Treasury Department,
Washington, D.C.
Re: Harry Gross vs. Federal Reserve Bank
of Cleveland.
My dear Mrs. Banister:
Reference is made to our previous correspondence with respect
to cancelled order gold certi-ficate No. H 4395, series of 1900, in the
denomination of 1.0,000, and particularly to cur letter of February 1, 1938
and your letter of February 9, 1938.
Please be advised that Harry Gross, the person who surrendered
this certificate to our Cincinnati Branch, which thereupon transmitted it to
you, has instituted suit against this Bank in the Common Pleas Court of
Hamilton County, Ohio, for the principal sum of ;v10,000, costs and interest
at the rate of six per centum per annum from July 22, 1937. A copy of
plaintiff's petition is enclosed herewith. We have caused the case to be
removed to the United States District Court for the Southern District of
Ohio, Western Division, where it is now pending.
In view of the fact that we were acting under instructions from
and as agent for you, in receiving such gold certificate and transmitting it
to you, we hereby tender the defense of this litigation to you, and advise
that we shall look to you for reimbursement in respect of all loss, cost,
damage and expense, including reasonable attorneys' fees, which we may incur
or suffer.
In order that we may be further advised as to the facts of the
situation, we ask that you forward to us under trust receipt the above described
gold certificate, or rather the portion thereof which was delivered to our
Cincinnati Branch and transmitted by it to you. 7.e shall also appreciate
being advised as tc the section or sections of the Revised Statutes of the
United States under which such gold certificate was originally issued end
paid.
Your prompt attention to this matter will be greatly appreciated
as the answer day in the subject case is February 11, 1939.
Very truly yours,
(S) G.H.W.
Vice President.
enc.
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Federal Reserve Bank of St. Louis
•
TREASURY DEPARTMENT
WashinLton
March 13, 1939
My dear Mr. Wagner:
Further reference is made tc your letter addressed to
Mrs. Yarl!on Banister, Assistant Treasurer of the United States, dated
Fetruary 2, 1939, relative to the case of Harry Gross V. Federal Reserve
Bank of Cleveland. In the third paragraph of that letter you stated:
"In view of the fact that we were acting
under instructions from and as agent for you,
in receiving such gold certificate and transmitting it to you, we hereby tender the defense
of this litigation to you, and advise that we shall
look to you for reimbursement in respect of all
loss, cost, damage and expense, including reasonable
attorneys' fees, which we may incur or suffer."
On February 8, 1939, the Treasury Department referred the
matter to the Attorney General of the United States for such action as he
might deem appropriate in the premises. By letter of February 8, 1939,
signed by the Acting Treasurer of the United States, you were advised of
that action. This Department is now in receipt of advice from the Attorney
General that the United States Attorney at Cincinnati, Ohio, has been directed to appear for the Federal Reserve Bank of Cleveland and to take such
steps as may properly protect its interests in the matter. The United States
attorney, therefore, stands ready to take over the defence of this litigation.
Under these circumstances, of course, this Department can accept no
liability for reimbursing your bank for reasonable attorneys' fees should
you decide to employ your own counsel in defense of the suit.
Very truly yours,
(S) W.A. Julian
Treasurer.
Mr. G.H. Wagner,
Vice President,
Federal Reserve Bank,
Cleveland, Ohio.
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Federal Reserve Bank of St. Louis
March 15, 1939
Hon. W.A. Julian
Treasurer of the United States
Treasury Department
Washington, D.C.
My dear Mr. Julian:
Re: Harry Gross v. Federal
Reserve Bank of Cleveland.
We have your letter cf March 13, 1939, respecting the subject
case, in which you refer to and quote the third paragraph of our letter
of February 2, 1939, to Mrs. Marion Bannister, Assistant Treasurer of the
United States.
In reply thereto you advise that the subject case has been
referred to the Attorney General of the United States for such action as
he might deem appropriate, that the Attorney General has directed the
United States attorney at Cincinnati, Ohio to. nppear for this bank in such
case and to take such steps as may properly protect its interests, and that
such United States attorney stands ready to take over the defense of the
litisation.
You further advise that in these circumstances your department
can accept no liability fcr reimbursement to this bank for reasonable attorney
fees should we decide to employ our own counsel in the matter.
From tho foregoing it is our understanding that the defense of
this case has been assumed by the United States attorney a t Cincinnati, Ohio,
acting under instructions cf your legal advisor, the Attorney Ceneral of the
United States, and that you will reimburse us for all loss, cost, damage
and expense which we may incur or suffer in the subject case, other than attorneys'
fees incurred after Yarch 13, 1939, the date of your letter in which you gave
the advice above outlined.
We believe that such reimbursement should include not only the
amount of any judgment and court costs, which may be assessed against this
bank in the subject case, but also the amount of legal fees and expenses
which were incurred prior to March 13, 1939, in conducting the defense of
the case.
If the foregoing is in accordance with your understanding will
you kindly so advise.
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Federal Reserve Bank of St. Louis
Very truly yours,
(S)
Vice President.
S
•
TREASURY DEPARTMEET
Vashington
March 27, 1939
My dear Mr. Wagner:
Reference is made to your letter, dated March 15, 1939,
relative to the case of Harry Gross v. Federal Reserve Bank of Cleveland.
In that letter you state:
"From the foregoing it is our understanding
that the defense of this case has been assumed by
the United States Attorney at Cincinnati, Ohio, acting
under instructions of your legal advisor, the Attorney
General of the United States, and that you will reimburse us for all loss, cost, damage and expense which
we may incur or suffer in the subject case, other than
attorneys' fees incurred after March 13, 1939, the date
of your letter in which you gave the advice above outlined.
'tie believe that such reimbursement should
include not only the amount of any judgment and court
costs, which may be assessed against this bank in the
subject case, but also the amount of legal fees and
expenses which were incurred prior to Larch 13, 1939,
in conducting the defense of the case.
"If the foregoing is in accordance with your
understanding will you kindly so advise."
This Office, of course, has no authority to pledge the credit
of the United States to reimburse the Federal Reserve Bank of Cleveland for
any loss which it may suffer as a result of this case should the decision
be in favor of Harry Gross. This Office does not anticipate a decision
adverse to the bank in this case, but should there be one, you must under—
stand that any claim which you may consider that the bank may have against
the United States should, and must,be presented through the ordinary and
usual channels. This Office has no authority to warrant approval of any
such claim.
So far as counsel fees are concerned, the first intimation that
this Office received to the effect that the bank desired the United States
to relieve it of the defense in this case was on February 6, 1939, when your
letter of February 2, 1939, was received by Mrs. Marion Banister, Assistant
Treasurer. It is obvious, of course, that the Treasury Department could
not take steps to cause the United States Attcrney to take over the defense
of a suit against your bank until you requested it. This Office can admit
no liability on the part of the United States for counsel fees prior to the
time you tendered the defense of the suit to the United States.
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Federal Reserve Bank of St. Louis
•
-2Upon receipt of your letter of February 2, 1939, the matter
was given immediate consideration by the Office of the General Counsel for
the Department of the Treasury. Within two days (on February 8) the
Acting General Counsel for the Department of the Treasury called upon the
Attorney G•eneral of the United States to take such action as might be deemed
appropriate in the premises. On the same date (February 8) the Acting
Treasurer advised you by air mail of the action taken by the Actinz General
Counsel for the Department of the Treasury. At that point, the Treasury
DepartTent had taken all action which could be taken in the matter. It is
understood that the Attorney General communicated with the United States
Attorney advising him to appear for the bank and to take such steps as
might properly protect its interests in the matter. If, under these circumstances and notwithstanding that expeditious action on the part of the.
Treasury, you still feel that there maybe a claim by the bank against the
United States, it is submitted that you must present that claim through
the usual and ordinary channels. Whether it will be allowed or considered
is a matter over which this Office has no control.
Very truly yours,
(S) W.A. Julian,
Treasurer.
Mr. G.H. Wagner,
Vice President,
Federal Reserve Bank,
Cleveland, Ohio.
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Federal Reserve Bank of St. Louis
•
March 29, 1939.
Honorable W. A. Julian,
Treasurer of the United States Treasury Department,
Washington, D. C.
Re: Harry Gross vs. Federal Teserve TAak of
Cleveland.
Ltr dear
r. Julian:
have your letter of - arch 27, 1939 respecting the subject
case.
thile we can appreciate the limitations of your authority, we
did, and do, wish to make it clear the Federal Reserve Bank of Cleveland
will look to the Treasury Department for reimbursement for all loss, cost,
damage and expense Ithich it may incur or suffer in the subject case, other
than attorneys fees incurred after larch 13, 1939, the last items being
excluded for the reason that under said date you advised that the United
States Attorney at Cincinnati was assuming the defense of the case. As
to attorneys fees and other expenses incurred prior to March 13, 1939,
we shall expect reimbursement therefor, inasmuch as it was necessary, both
for the protection of the Treasury Department and the protection of this
bank; that steps should be taken without delay to effect the removal of
the case from the State Court to the United States District Quart, and to
file an answer to the plaintiff's petition. Such steps could not have been
postponed from February 6, 1939 to 'na.rch 13, 1939 without substantially
prejudicing both your interest and that of this hank.
Accordingly; at the proper time in accordance with the fore—
going, we shall make clair through the usual and proper channels for anyreimbursement to which we nay be properly entitled.
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Federal Reserve Bank of St. Louis
Very truly yours,
Vice President.
RECD IN FILES SECTION 1
VI
FEBI3 19T)
O( 41 ON
ce2
9-tewdeeed,,er.44,e,
February 10, 1939.
Walter 7,yatt, General Counsel,
Board of Governors,
Federal Reserve System,
T:ashington, D. C.
Re: Harry Gross vs. Federal Reserve Bank
of Cleveland.
Dear Yr. 'Wyatt:
We have your letter of February 7, 1939 with respect to the
subject case.
You are correct in your assumption that we are protecting
Federal Reserve Bank of Cleveland in this matter.
We have taken the
necessary steps to effect a removal of the case from the Court of CoLunon
Pleas of Hamilton County to the District Court of the United States for
the Southern District of Ohio, Western Division.
We shall keep you advised of the important developments
in the matter.
Very truly yours,
RSTJr:RG
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Federal Reserve Bank of St. Louis
K.
REM IN FILES SECTION
" FEB? 1939
L)('
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February 7, 1939.
Squire, Sanders
Dempsey,
Union Commerce Building,
Cleveland, Ohio.
Attention Li.. Sberling Newell.
Gentlemen:
I have jt,st seen a copy of a letter which ".;r. G.H.Wagner,
Vice President of the Federal Reserve Bank of Cleveland, addressed
to i'Lr. S.
Carpenter, Assistant Secretary of the Board of Governors
of the Federal Reserve System, under date of February 2. 1939, inclosing a copy of the petition in the suit of Harry Gross v. Federal Reserve Bank of Cleveland to recover the amount of a j.0,000 gold certificate alleged to have been converted by the Federal Reserve Bank
of Cleveland, and also inclosintr a copy of a letter on this subject,
addressed by r. .agner to r.s. :.arion Banister, Assistant Treasurer
of the 'united States, under date of February 2, 1939.
I assume that you are representing the Federal Reserve
Bank of Cleveland in this case and shall appreciate it very much if you
will keep me advised of any important developments.
-ath kindest personal regards and all best wishes, I am
Cordially yours,
l'fyatt,
General Counsel.
WIN sad
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Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
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11EC'D IN FILES SECTION
FEB?
FEDERAL HESEEWE BANIi
CLEVELAND
February 2, 1939
Mr. S. R. Carpenter, Assistant Secretary
Board of Governors of the
Federal Reserve System
Washington, D. C.
My dear Mr. Carpenter:
You will probably recall our correspondence
of about a year ago relative to a cancelled order
gold certificate H-4395, series of 1900, issued
for $10,000.
The portion of this certificate was presented
at our Cincinnati branch by Harry Gross and in
accordance with instructions from the Assistant
Treasurer of the United States possession was taken
of the portion of the certificate and it was forwarded to the treasurer's office.
Recently Harry Gross sued this bank, as indicated in an enclosed copy of the petition. We
have had the case removed from the Common Pleas
Court of Hamilton County, Ohio to the United States
District Court for the Southern District of Ohio,
Western Division and have so informed the Assistant
Treasurer of the United States, as indicated by
copy of a letter dated February 2, 1939, enclosed.
These facts are passed on to you in order to
keep you informed of the case.
Yours very truly,
Vice Pres dent
f.
Copy
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Federal Reserve Bank of St. Louis
ST *IA 1.24.39 co'
IN
HE COURT OF
Caz..lor
PLEAS
HAMILTON COUNTY, OHIO
EMMY (=SSD
12 East 12th Stes,
Cincinnati, Ohio*
Plaintiff*
Vo. A65064
V.
PETITION
FEDERAL RESEPVE DANK OF CLMLAND0
a corporation organized under the
laws of the United States,
Charibor of Commerce Building*
rourth and Race
Cincinnati, Ohio,
41111111.1.110•6011.111..........0
Defendant.
Plaff states that the defendant Is a corporation orLan.
ized under the laws of the United :tats, a member of tIle Federal
Reserve board, maintaining a branch in Cincinnati, Hamilton County,
Ohio.
Plaintiff further states that on July 22, 1937, he was the
ovnor of and i
possession of a Ton Thousand (10,0)04,30) Dollar
cold certificate 'No. M.4395, seriec of 1930, dated Soptombur IG,
190S, of the value of Ton Thousand (30,0').30) Dollars, said
certificate being currency or the United States and the local tender
for all debts public and private;
that on
day the defendant
corporation through D. J. Lazar, 1W:1k:int; Director of the Cincinnati
Branch of the defendant corporation, actir4:, for and on behalf of
the defoildant corporation, obtained possession of said 011d
cortificates previously described* and wroncfully and unlawfully
converted the cane to its man Imes to the damace of the plaintiff
in the sum of Ton Thousand (10,00040) Dollars.
zarizErom, plaintiff prays judi;mont acainst the defendant
in the cum of Ten Thousand (10
'
000.00) Dollars for danagoa as
aforesaid sustained, and his costs herein incurred, togothor with
interest at the rate of
c,ff from
July 22nd, 1937.
(s) Sol Goodman &1;yman B. Rosen
AtIorneys Tor Plainliff
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Federal Reserve Bank of St. Louis
S
STATE OF OBIO
MaLTOr COUUTY
CMES novilarry Gross who being duly sworn according
to law deposes and says that he is the plaintiff in the within and
forecoing action and that the facts Get forth in the annexed
Potition are true, as he verily believes,
(s) harry r;.rocs
S%orn to before me and subscribed in my prosence
this 7th eay of January, 1939.
(c)____Tjynan 'Rosen
VO-Yary PUblio,
FAmilton County, Ohio,.
PRABCIPE
TO THE CLERK*
Issue sunlons directed to the dofendant• Endorse camel
Action
for 1,10,0004,00 and costs, and interest at CJ from July 22, 1937.
have same served on 130 J. Lazar, 7anaging Pircctor of the Cincinnati
Branch of the Federal Resorvo 'an1-: of Cleveland.
(s) Fol Goodman t .:.an P. Rosen
Attorneys for PTaintiff
2
- ebruary 2, 1939.
hrs. 7arion Banister,
Assistant Ireasurer,,
Treasury reTartment,
Washington, D. G.
Re: Harry Gross vs. 7..ederal Reserve i-znk
of Cleveland.
My dear ".:rs. Banister:
Reference is made to our previous correspondence with respect to
cancelled order gold certificate No. H 4395, series of 1900, in the denorination
of 1.0,000, and particularly to our letter of February 1, 1938 and your letter
of Vebruary 93 1938.
Please be advised that harry Gross, the person who surrendered
this certificate to our Cincinnati Branch, which thereupon transmitted it to
you, has instituted s'iit against this Bank in the Common Pleas Court of
Familton County, Ohio, for the principal ram of 1.0,000, costs and interest
at the rate of six per cent= per annum from July 22, 1937. A copy of
plaintiff's petition is enclosed herewith. Ve have caused the case to be
removed to the United States District Court for the Southern District of Ohio,
Lestern Livision, where it is now pending.
In view of the fact that we were acting under instructions from
and as agent for you, in receiving such gold certificate and transmitting it
to you, we hereby tender the defense of this litigation to you, and advise
that M shall look to you for reimbursement in respert of all loss, cost,
damage and expense, including reasonable attorneys, fees, wl,ich we may inc-jr
or suffer.
In order that we may be further advised as to the facts of the
situation, we ask that you forward to us under trust receipt the above described
gold certificate, or rather the portion thereof uhich vias delivered to our
Cincinnati Branch and transmitted by it to you. "Ge shall also appreciate
being advised as to the sect.onor sections of the Revised 7tatutes of the
United States under 171lich such gold certificate was originPlly issued and paid.
Your prompt attention to this matter will be greatly appreciated as
the answer day in the subject case is February 111 1939.
Very truly yours,
enc.
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Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
COPY
FEDERAL RESERVE BANK OF CLEVELAND
February 2, 1939
S. R. Carpenter, Assistant Secretary
Board of Governors of the
Federal Reserve System
Viashington, D.C.
My dear Ur. Carpenter:
You will probably recall our correspondence
order
of about a year ago relative to a cancelled
d
issue
1900,
gold certificate 11-4395, series of
for 0.0,000.
The portion of this certificate was presented
at our Cincinnati branch by Harry Gross and izt
accordance with instructions from the Assistant
Treasurer of the United States possession was taken
of the portion of the certificate and it was forwarded to the treasurerts office.
Recently Harry Gross sued this bank, as inVie
dicated in an enclosed copy of the petition.
Pleas
n
Commo
have had the case removed from the
s
Court of Hamilton County, Ohio to the United State
Ohio,
of
ict
Distr
District Court for the Southern
tant
Western Division and have so informed the Assis
by
ated
indic
As
s,
Treasurer of the United State
copy of a letter dated February 2, 1939, enclosed.
These facts are passed on to you in order to
keep you informed of the case.
Yours very truly,
(Signed) G. H. Wagner
Vice President
•••
CB 123 .101.1
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Federal Reserve Bank of St. Louis
CINCINNATI
BRANCH
';ECID TN FILES
SECTION
FEDERAL RESERVE BANK OF CLEVELAND
JAN 1 1 1938
Mr. M. J. Fleming, President,
Federa Rovervo Bank of Cleveland.
January 3,1038
Mr. B. J Lazar, Mrnaging Director,
CincinnAti
De, r Mr. Flemings
Your letter of December 31,1937 with enclosures
Ins been received.
,5evercl weeks ago a young man called at this
office, introduced himself as Mr. Sol Goodman, attorney
for Harry Gross and wanted to know all about "the $10,r)00
gold certificates Mr. Gross had surrendered some months
before.
explained that the portion of the cancelled
order certificate surrendered by Gross had been returned
to the Treasury Department, let him read all the cor—
respondence and then learned that in spite of the fEct
Gross apparently had understood that the certificate had
no redemption value he was waiting for a remittance,
possibly $10,000 — since Goodman stated Gross claimed the
portion was considerably more than half. Goodman gave no
indication at the time that he intended to litigate about
the certificate.
There are enclosed copies of all correspondence in
connection with the subject.
truly yours,
LIT
anagTc Director,
4PiR
'cit) IN 14'111z SEPT-ON
JAN I 1938
FEDERAL RESERVE BANK
OF CLEVELAND
-to
January 4, 1938
Dear Mr. Carpenter:
On December 31L 12114 I received from you copy
of your letter to Mr. Sol Goodman, Attorney, 1011 First
National Bank Building, Cincinnati, Ohio, dated December
29, together with copy of Mr. Goodman's letter of December
23, requesting a copy of the "regulations applicable to the
Federal Reserve System, particularly on the question as to
whether a Federal Reserve Bank may be sued in a State court."
Promptly upon receipt of this correspondence, I
Mr. Sol Goodman,
Cincinnati Branch Manager.
our
to
wrote
who,
some months
Gross
Harry
Mr.
a
represents
apparently,
of
one-half)
canceled
order
(about
portion
a
presented
ago,
'.1.0,000.
for
H4395
No.
certificate
gold
Mr. Lazar, our Cincinnati Branch Manager, has
given me in detail all of the information he has relative
to this order gold certificate, including correspondence
with the Treasury Department; I am enclosing, for the information of the Board, two copies of this correspondence.
Because of the nature of Mr. Goodman's inquiry,
I assume that you may wish to send a file of the correspondence to the Treasury Department.
Should anything further develop in this matter,
we shall of course advise the Treasury Department promptly,
with advice to the Board if it so desires.
Very truly yours,
Mr. S. R. Carpenter,
Assistant Secretary,
Board of Governors of the
Federal Reserve System,
Washington, D. C.
Enclosures-
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Federal Reserve Bank of St. Louis
M. .J/ Fleming,
esident.
/
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Federal Reserve Bank of St. Louis
110.--..........t...e..1111
011111110011
1
1ONIMMIng..0•1400011***Imispea0
CD IN FILES SECTION
JAN 1 1 1930
Z.-
Yr. m. J. Fleming, President,
Federal Reserve Bank of Cleveland,
Cleveland, Ohio.
Dear Mr. Fleming:
This will acknawledre receipt of your lette
r
of January 4, 1938 regarding the mutilated and can—
celled portion of an or6er Fold certificate
presented
to te Cincinnati Branch of the Federal Reserve
Bank
of Cleveland by Lir. Harry Gross, 12 East 12th Stree
t,
Cincinnati, Ohio.
We are inolosing herewith a copy
of the letter 'which we are today sending to the
Treas—
urer of the United States with reference to
this
natter.
Very truly yours,
i1C4
Dictated
L. P. Bethea,
Assistant Secretary.
Approves
fieNiati
bimise.4.44.64,444
Inelosure
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http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
IRECT IN PtLES
S8CT10N
JAN 1 1g3tj
IA)
5000
" 0
d
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Honorable ,i. A. Julian,
Treasurer of the. T_Jnitad States,
Washington, D. C.
dear kr. Julian:
There are inclosed herewith for your ,,nfornanation copies of certain correspondence relatinr to e
nutilated and cancelled portion (about one-half) of an
order gold certificate in the denomination of t10,000,
No. I! 4395, series of 1900, iFsed to the order of the
Girard National Bank, Philadelp)la, Pennsylvania, Septether le, 1906, which ms presented to the Cincinnati
brunch of the Pederal Reserve Bank of Cleveland on July
22, 1937, by Mr. Harry Gross, 12 East 12th Street, Cincinnati, Ohio.
Very truly yours,
Ekiii.COtie
'3 IA,
APPMPAW
Dictstsd
br.
$06
3/1
L. P. Rethea,
Assistant Secretary.
ReVi144 bY....o•ssis
sses444111
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Copy sent to Federal Eeserve Bank of Cleveland
CB 123 JOM
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Federal Reserve Bank of St. Louis
CINCINNATI
COPY
BRANCH
FEDERAL RESERVE BANK OF CLEVELAND
SOL GOOLMAN
1011 First National Bk Bldg.,
Cinclylnatil Ohio
January 17,1938
Federal Reserve Bank of Cleveland,
4th and Walnut Streets,
Cincinnati, Ohio.
Gentlemen:
On or about July 22,1937 our client, Harry
Gross, was the holder of gold certificate No. 114395 in
series of 1900 in tile denomination of $10,000.00. On that
day he presented the same to your bank at Cincinnati for
payment and you accepted it and have to this day failed
to make due account therefor.
We are herewith making demand upon you for
immediate return of the certificate or payment thereof in
accordance with law.
Yours very truly,
Sol Goodman
Attorney for Harry Gross.
•••••••
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January 26, 1933
Sol Goodman, Esq.
1011 First Dational Bank Bui16ing
Cincinnati, Ohio
Dear Sir:
Your lotter of January 17, 138, addressed to Federal '!ezerve
Bank of Cleveland, in which you demand on behalf of your client, liarry
:]ross, payment of the sum of
10,000, has been referred to us as coune
eel for the Federal Reserve Bank.
From an examination of the files submitted to us, it appears
that in the course of a fire in the Treasury
ui1din, 11shin,..;ton, D.C.,
some of the paid order gold certificates supporting the Treasurer's
monthly currency accounts were thrown out of the building and were unlawfully carried away by members of the public; that your client, er.
Gross, in opening a bundle of clothes which had been left in his cleaning shop, discovered a portion (approxinately one-half) of one of the
paid order gold oertifioutes in the denomination of $10,000, No. H 4395,
series of 1900, issued to the order of Girard National Bank, Philadelphia,
Pennsylvania, and dated September 8, 1906; that he consulted his bank,
The
estern Bank & Trust Company, Cincinnati, Ohio, and was referred
to the Cincinnati Branch of Federal Reserve Bank of Cleveland; and
that on July 22, 1937, he willingly surrendered the said mutilated
certificate to B. J. Lazar, Managing Director of the Cincinnati
Branch
of re3deral
eserve Bank of Cleveland, receiving a written acknowledg-
ment thereof w'eich stated that the mutilated certificate was being
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Federal Reserve Bank of St. Louis
\
January 26, 1938
forwarded to the Treasury of the United States in accordance with the
Treasurer's previous request.
In view of these feets, we believe you will stree with us
that your client, Mr. Gross, has no valid claim upon Federal Reserve
Bank of Cleveland for the follominL reasons, amonc others:
1.
The certificate was marked "paid and caneelled" and had
no value, being merely a supporting aoeountinc, instrument;
2. lar. Cross paid no value for the certificate and acquired
no interest therein as the finder thereof, the certificate representing
property stolen from the United States;
3.
The certificate was mutileted (there being approximately
only one-half thereof) and therefore not rezular on the face;
4.
the certificate was to the order of Girard NatLenal Bank
and was not endorsed by Girard National bank, so that 2r. Gross was
not within the tenor thereof;
5.
Federal Reserve Bank of Uevoland, in taking delleery of
the mutilated certificate which was willinly jvcn by
r.oss, and
forwarding the mutilated certificate to the ireasurer of the United
States, was merely acting as an ai;ent returnia; stolen property to the
Treasurer of the United States in accordance with the request to
it
contained in a letter dated ilay 21, 1937, from Marion Banister,
Assistant 2reasurer, a copy of which we understand has been previously
delivered to you.
If you have any further questions in connection
with this matter, we would suggest that you take them up directly with
the Treasury
Department, Washington, D.C.
Very truly yours,
1612:VN
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Federal Reserve Bank of St. Louis
Ziet-t4\
•
111# P Y
Sol Goodman - Cincinnati
1011 First National Bk Bldg.
January 31, 1938
Squire, Sanders & Dempsey,
The Union Trust Building,
Cleveland, Ohio.
Gentlemen:
This is in reply to your letter of January 26th, 1938,
in reference to the claim of Harry Gross v. Federal Reserve Bank
of Cleveland on a $10,000 gold certificate.
In your letter you set forth certain conclusions as
reason for non-liability on the part of your client. With these
we differ and feel that in all fairness we should call your attention to our differences.
You state that the cettificate was marked "paid and
cancelled." We do not know just on what you base those facts.
Our client gives us no such information and the manager of the
Federal Reserve Bank of Cincinnati made no such claim in his conversation with us.
Your second conclusion sets forth that Gross paid no
value for the certificate and that he had no interest therein
as a finder thereof. We thought it a fundamental principal of
law that the finder has the best title in the world against everyone except the true owner. We have not been shown any proof of
true ownership on the part of any other one than our client.
You stated that
he certificate was not regular on the
face because it was mutilated. The fact as we have it was that
the certificate was apparently regular on its face and that a
very small part thereof was torn. Under the law and regulations
of the Treasury Department, a certificate, although mutilated and
torn still has a value even though it is less than one-half. In
the instant case our investigations discloses that it was possibly
between 3/5 and 4/5 of the original.
You contend that the certificate was to the order of the
Gerard National Bank and was not endorsed. This, of course, on
the face shows that the Gerard National Bank would have been the
owner and not the United States Government. Then in the same letter
you set forth that it was merely an accounting receipt of the Treasurer of the United States. How would the United States have the
certificate if it was payable to the order of the Gerard National
Bank and unendorsed?
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Federal Reserve Bank of St. Louis
-2-
You state in your letter that the Federal Reserve Bank
of Cleveland has forwarded the certificate to the Treasurer of
the United States as an agent. We should like to know on whose
behalf the Bank is acting as an agent, and also whether or not
an agent, who actually takes property from a third person, is
not liable as well as the principal?
We wish to inform you that we are not at all satisfied
that our client's claim can be just so easily disposed of,
We would need ldditional and more convincing proof as to the
non-liability of your client.
Unless tnis is received, we shall institute action on
his behalf against your client.
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Federal Reserve Bank of St. Louis
Yours very truly,
Sol Goodman
•
COPY
TREASURY DEPARTMENT - WASHINGTON
Mr. G. H. Wagner, Vice President,
Federal Reserve Bank,
Cleveland, Ohio.
February 9, 1938.
Dear Mr. Wagner:
Reference is made to your letter dated February 1
and to previous correspondence with the Federal Reserve Branch
Bank of Cincinnati in connection with canceled order gold certificate No. H 4395, Series of 1900, in the denomination of
$10,000.
In reply please be advised that according to the
records of this office this order gold certificate was issued
on September 18, 1906, by the Assistant Treasurer of the United
States at Philadelphia to the Girard National Bank in that city
and was paid on October 30, 1906, and forwarded to the Auditor
for the Treasury with the Treasurer's currency account for October 1906 as a voucher to support the payment for the certificate listed therein. A portion of this certificate was received in this office with a letter dated July 22 1937, from
the Managing Director of the Federal Reserve Branch Bank of
Cincinnati, having been delivered to that bank by Harry Gross
of 12 East 12th Street, Cincinnati. Inasmuch as the certificate was apparently one of those carried away by the public
during a fire in the building where these vouchers were stored,
the portion received was returned to the office of the Comptroller General of the United States, which office assumed the
duties of the Auditor for the Treasury upon its establishment,
with a letter dated October 30, 1937.
An examination of this certificate shows that slightly
more than one half thereof was returned with the letter of
July 22 referred to, that such portion is the left-hand part,
and that the right edge is burned. Further, the condition of
this certificate is such that it cannot be determined whether
any endorsements were made thereon or whether it was marked
paid. It does, however, show a punch cancellation.
This certificate was issued under the Act of March 14,
1900, by the Assistant Treasurer of the United States at Philadelphia to the Girard National Bank in that city in exchange for
a like amount of gold. The records of this office do not disclose the purposes for which the Girard National Bank secured
this certificate nor the reason for its surrender.
At that
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Federal Reserve Bank of St. Louis
•
-2-
time, however, many banks obtained these certificates for use
in maintaining their required legal reserve, and it is
probable that this certificate was used for that purpose and
was surrendered when there was no further use for it. Upon
the surrender of this certificate to the issuing Assistant
Treasurer, payment was made therefor in lawful money, and the
certificate was canceled and forwarded to the Treasurer of
the United States as a redemption item.
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Federal Reserve Bank of St. Louis
Very truly yours,
Marion Banister, Assistant Treas.
(
Apicitesiern-d
eztf-LQicieiteds:9
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• tWze-Wii,e.o/iv eg:ed cWeef‘.(1;2
February 11, 1233
Sol Goodman, ;. sq.
1011 7irst ;Aational
Cincinnati, lhio
Dear Sire
In further reply to your letter of JEnuary 31, 1933 with rofercnce
to the claim of your client, ::.arrI (=rens, aL,ainet :Federal Ecuerve jank of
Clevelane with respect to a portion of order gold certificate In the eenoraination of sc10,030, Co* I: 4395 aeries of 1900, issued to the order of the
Girard 7-at5.onal 7a1k, tala lphta, ennsylvania., dated .'op1eml, r IC, 106,
we are plcaseA to enclose hereuitll for yet r informtion in the prenisea,
photottatic copy of letter dated rietruary 9, 1;43C frottYcirinn
Assistant _rennurer of the flatted zitntat to G. H.Wacner, Vice PresIdertt of
the 'rederal Tesorve Fank of Cleveland*
In such letter you will note the following:
1* The ;;old certificate was issued on Septcnber 1C, 190,..) to lirard
!,ational ark and as paid on 1:Ncto'oer 30, 190u, and forwarded to the Auditor
for the Treasury with the Treasurer's currency account for - ctober 1906 as
After
a voucher to nupport tho payment for the certificate listed therein.
eserve
the
to
the
Pank
of
vederal
Branch
it
Cincinnati
delivered
Pr* (ross
of clevoiand it was rstwmod to the Treaaury pGpurtif.ont under letter dated
Thereupon it 1411.5 delivered to the office of the C,0.7.1itro11or
July 22, 1937.
(ierrral o2 the -nlAti
2. Slihtly noro than half of the cortiicate :;e_s returned to the
Treasury Departnent through the Cincinnati Branch of the 1,ederal 7Reserve FaLk
of Cleveland, narAely the left ha:Id part, and or ouch portion the rir,ht edce
was burped.
3. The condition of the portion of the certificate returned var,
such that it cannot be deteraincd 4tether any ondorsements %tare ratdc thereon
or aether it was marked rald bnt such portior does contain o perforated
can
We believe that the foreoinr iferuatiou ansliera the questior
rased by you in the third puracraph of your letter.
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Federal Reserve Bank of St. Louis
/e/W
:M;e9 4,014°41g,
fe.V.
Sol Goodman, Lag* - 2
February 11, 1930
Wit,h respect to what riihts Tin.. Cross has in the certificate as
a finder thereof who raid no value, you state it to be a fundamental principle
of law that the finder has the best title in the orld against everyone but
the trim owner.
Ascumine this principle in true, we believe you viill acres
thst shother the certificate be cot,sideree as havin., an into. ,iblo and repro-,
sentativo value; as 'dell as the intrinsic value of the phy3ical paper itself,
the 'Llted Antes of Anerica is the owner thereof so that "r• Gsocs can clamrl
no interest as a finder since the certificate in neither abardored property
nor property the owner of which is un:ronts.rn•
is --hese ciro....:stances we wirierstand that the only claim a finder of property nay -*IC, is ore vhich arises
thro,Irh the creatioo of an unilateral contract, by the finder returnin
property to the owner and therek an171yirg with an offer of reward mode by
the owner.
Oo far as we are advised no reward Luz over teen o2fcrecl by any
one for the return or the certificate in question.
With respect to the fifth paracraph of your letter, wo arc not
familiar with the reoliations of the Treez)r.: De;_-artnent to wiser). :,•ou refer
and do not know whether such reculatiors are applicable to the certificate
it aeons ,o ss that (enema pr_nciples relatinc to neciotialle
In question.
instrivo031ts would govern hero and that even if nr. Cross had paid value for
the certirioate and vas 1:JUhout rutice as o its stolen cis.racter, he did not
acquire valid title by rcaBOA of the fact that the certificate was o.utilated
and 'bore uvideoce of cancellation throuch per:ore:dot..
The question of fact
raised in the sixth paragraph or your letter is ansvered by "rs* :;‘anisterls
letter, copy of which is enclosed*
-A.th further reference to our stateneot at the ederal Its-serve
of cloveland was acti-,_ merely as an azont, we wish to point out that
it was clearly acting as an acont for the Urii-sed states of 11..;.erica in reco:vi.n37 and traosnttinc the certificate to ,
,he Treas. ry Terert-eot*
Tic believe
also that it nay have been ectinc as the agent of Nr. Grove in assistinf; him
ir delivering stolen property which had come :n1,0 its posscssioL, to the
ri htful owner thereof.
We trust tizei, the foregoing will uneser your cscaLio)ls and that it
will not ho necessary that rr. Gross' alleged elain become the suL,ect of
s. at would prove to he fruitless liti: Atisn so far as he is concerned.
oc
can advise you definitely at this tims that- the Federal Reserve lard: of
Cleveland is not doing to ra;:o any 7ayr.a..,nt to I:r. Gross of account or his
alleged elem.
,
Very truly4ours,
R$T.A
Enc.
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Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
1RECT IN ttLES SECTI0N1
FEB23 1938
tgro, oioe
P-4:1
_
r-
EB 9
C. H.
Vice ?resident,
Fede
ral
Rese
rve
Bank
of Cleveland,
1
Cleveland, Ohio.
Dear Mr. aa:ner:
aeceipt is acknowledced of your letter or February
14, 1938, inclosing copies of certain correspo
ndence between
the firm of Squire, Sanders
Dempsey and Y,r. jolipoodman,
Attorney for Mr. Harry,iGross, and between
your bank and Ers.
Marion Banister, Assistant Treasure
r of the United States,
relating to the claim of Mr. Gross for
payment of an order
cold certificate presented by him
to your Cincinnati Branch.
It is understood that copies of this corr
espondence
have been forwarded to the Board mere
ly to complete its file
of the case. ;:ccordingly, the Board is
not forwarding copies
of such correspondence to the Treasure
r of the United States.
With respect to your inquiry as to the nece
ssity of
forwarding to the Board copies of addition
al correspondence
that may pass between the interested
parties, it is believed
that it will be unnecessary for us to
receive copies of such
additional correspondence unless some ioin
t should arise which
you think should be brought to the Boar
d's attention.
Very truly yours,
(Si gned)
GENERAL
Dictatod by.. 4r
1,5
*Mae eg•
**foil!
:......
lor BETHEA
L. P. Bethea,
Assistant Secretary.
•••
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•
171c,D IN TILLs7E-ntoN
FEDERAu-,RESERVE BANIt
0F CLF.ArELAND
FEB 2 3 1938
50(:i 411
February 14, 1938.
Mr. L. P. Bethea, Assistant Secretary,
Board of Governors of the
Federal Reserve System,
Washington, D. C.
Dear Mr. Bethea:
Since writing to you on January 27, regarding the claim of Harry Gross for payment of
a $10,000 order gold certificate left by him at
our Cincinnati branch office, we have had additional correspondence regarding the subject. There
are enclosed the following:
1.
Copy of a letter dated January 31, 1938,
received from Sol Goodman, attorney for
Harry Gross.
2.
Copy of a letter dated February 9, 1938,
from Marion Banister, Assistant Treasurer
of the United States, addressed to this
bank.
3.
Copy of a letter written February 11,
1938, by Squire, Sanders and Dempsey to
Sol Goodman.
These copies are sent to you to complete
your file of the case.
Inasmuch as it was necessary for us to
obtain certain information from the Treasurer of
the United States, contained in the letter dated
February 9th mentioned above, may we inquire if
you wish to receive copies of additional correspondence that may pass between the interested
parties.
Very truly yours
ce Pregident.
W.m
Encl.
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Federal Reserve Bank of St. Louis
9 0_,
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Federal Reserve Bank of St. Louis
EC'D IN FILES SECTION
FEB 2
.
•
0
}r. G. H. agner, Vice President,
Federal Reserve Bank of Cleveland,
Cleveland, Ohio.
Dear 'Li.. 'agne2:
Receipt is acknowledged of your letter of January
27, 1938, inolosing, in duplicate, copies of the letter
received at your Cincinnati Branch from Mr. Sol Goodman
and the reply addressed to him by Squire, Sanders &
:ampsey, relating to a mutilated and cancelled portion
of an order gold certificate presented to the Cincinnati Branch by Yr. Harry Gross.
There is inoloseri a
copy of the letter Which we are today sending to the
Treasurer of the United States Ath reference to this
matter.
Very truly yours,
L. T. Bethea
Assistant Secretary.
Inolosure
JTOsmam
193LLLL
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Federal Reserve Bank of St. Louis
•
REC'1)NFILCTIoN1
FEB 2 1938
FEDERAL RESERVE BANK
Or
CLEVELAND
January 27, 1938.
Board of Governors of the
Federal Reserve System
Washington - D. C.
Gentlemen:
Attention Mr. L. P. Bethea
Assistant Secretary
There are enclosed, in duplicate, copies
of a letter received at our Cincinnati branch office
from Mr. Sol Goodman, attorney for Mr. Harry Gross
and a reply addressed to him by Squire, Sanders &
Dempsey, counsel for this bank.
These letters refer to a mutilated cancelled
portion •of an order gold certificate presented to
the branch office by Mr. Harry Gross, which was the
subject of Mr. Fleming's letter dated January
1938, and your reply of the
8th.
4,
The correspond-
ence is presented to you in duplicate in order that
you may retain a copy for your files and perhaps
transmit a copy to the Treasurer of the United
States.
Very truly yours,
W m
Encl.
1 e 'res dent.
FILES SECTION'
FE
ENCLOSURES
d1A-4"2-/cti:
(1 ,
1 12 ti 0
2- 1938
0
1,
U.S. GOVERNMENT PRINT
G OFFICE: 11144
Honorable . A. Julian,
Treasurer of the United states,
-ashington, D. C.
Igy dear hr. Julian:
Reference is made to our letter of January 6, 1938,
inclosing for your information copies of certain correspondence relating to a mutilated and cancelled portion
(about one-half) of an order oold certificate in the denomination of ,10,000„ No. 11 4395, series of 1900, issued
to the order of the Girard t:ational Bank, Thiladelphia,
Pennsylvania, zeptember le, 1906, which ,as presented to
the Cincinnati branch of the 7ederal Reserve Bank of 'if-ye-land on July 22, 1937, by Yr. Harry -ross, 12
Cincinnati, Ohio.
ast 12th - treot,
Per your information there are inclosed
herewith copies of additional correspondence relating to this
natter.
Very truly yours,
Bethea,
L.
Assistant Secretary.
Inclosures
JTO:mam
CC: F R Bank of Cleveland
vtaikens*laca)r.k.,
167.4,
FRASER
Digitized for
cveclit03.1dAi“AOS}
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Federal Reserve Bank of St. Louis
HC
•
CD 123
101.1
•
,
.
S51(;IoN
CINCINNATI
JAN ii 1(,1`38
BRANCH
FEDERAL RESERVE BANK OF CLEV
LAND
COPY
0
TREASURY. DEPARTMENT
WASHINGTON, D.C.
Treasurer of the United States
in replying quote initials
WXW
May 21,1.937.
Federal Reserve Bank,
Cleveland, Ohio.
Gentlemen:
During a fire in the building where certain General
Accounting Office records and vouchers are filed, some of the
paid order gold certificates supporting the Treasurer's monthly
currency accounts were thrown out of the building and were carried
away by the public. These certificates, which are in the denomina—
tions of ;?)5,000 and $100000, have no redemption value and should be
returned immediately to the Treasurer of the United States for
proper disposition.
If any inquiries concerning these gold certificates are
received by your bank, please furnish the inquirer with the above
information and notify this office by letter, giving the name and
address of the person from whom the inquiry was received and any
information that you may have regarding the certificate in question.
If any of them are presented direct to your bank, please forward
them immediately to this office.
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Federal Reserve Bank of St. Louis
Kindly advise your branch banks accordingly.
Very truly yours,
(signed) Marion Banister,
Assistant Treasurer.
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Federal Reserve Bank of St. Louis
CINCINNATI
BRANCH
FEDERAL RESERVE BANK OF CLEVELAND
PILM sEcTTCOpy
JAN 11 1938
1
May 24,1937
Mr. P. 9. Clouser, Asst. Cashier,
Federal Reserve Bank of Cleveland.
Mr. R. G. Johnson, Asst. Cashier,
Cincinnati Branch,
Dear Mr. Clouser:
This will acknowledge receipt of your
letter of May 22,1937 enclosing copy of a letter
from the Treasury Department dated May 21,1937
with reference to certain paid order gold certif—
icates which disappeared in the General Accounting
Office of the Treasury Department, during a recent
fire.
Very truly yours,
(signed) R. G. Johnson,
JsT
Assistant Cashier.
Ce 123
'I'D IN F;IIA-,S SEUTION
101.1
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Federal Reserve Bank of St. Louis
CINCINNATI
BRANCH
jAN
1011
FEDERAL RESERVE BANK OF CLEVELAND
May 22,1937
Mr. R. G. Johnson, Asst. Cashier,
Cincinnflti Branch.
Mr. D. 3. Clouser, Asst. Cashier.
Dear Mr. Johnson:
We forward herewith a copy of 5 letter
doted May 21 that we received today from the
United States Treasury Department.
Very truly yours,
(signed) D. -1. Clouser
GFISiT
Assistant Cashier.
COPY
1
Rkeb IN PILES SECTIC
CB 123 .1014
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Federal Reserve Bank of St. Louis
CINCINNATI
JAN Ii 938
BRANCH
FEDERAL RESERVE BANK OF CLEVELAND
July 22,1977
Mrs. Marion Banister, Asst. Treasurer,
Treasury Department,
Washington, D. C.
Dear Mrs. Banister:
Today a man giving his name as Harry Gross
and his address — 12 East 12th St., Cincinnati, Ohio —
presented the enclosed mutilated and cancelled portion
(about one—half) of order gold certificate in denomina—
tion $10,000 No. H 4395 series of 1900 issued to the
order of the Girard National Bank, Philadelphia, Pa.,
September 18,1906.
Mr. Gross said that he had been referred to us
by his bank — the Western Bank & Trust Co., Cincinnati,
Ohio; that the bill had dropped from a bundle of clothes
which had been left in his cleaning shop several weeks
ago, and that he believed that it came from a package
that was marked with the name of a Mr. Gord or Mr. Gordon,
whose address he did not know.
Upon our request, Mr. Gross willingly surrendered
this item to be transmitted to your office, in accordance
with your letter of May 21,1937 (WM addressed to our Main
Office in Cleveland.
Please aclalowledge receipt.
Very truly yours,
(signed) B. J. Lazar,
Managing Director.
PY
CB 123
REC'D IN PtU4T4 *:CTIouiL;
10M
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Federal Reserve Bank of St. Louis
CINCINNATI
JAN111910
BRANCH
FEDERAL RESERVE BANK OF CLEVELAND
July 22219,7
Mr. Harry Gross,
12 East 12th St.,
Cincinnati, Ohio.
Dear Sire
We have received from you today mutilated
and cancelled portion (about one—half) of order gold
certificate in denomination a0,000 No. H 4395 series
of 1900 issued to the order of the Girard National Bank,
Philadelphia, Pa., September 18,1906.
In accordance with request of the Treasurer
of the United States we are forwarding this for proper
disposition.
Very truly yours,
(signed) B. J. Lazar,
TAT
Managing Director.
cOPY
CB 123. 101.4
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Federal Reserve Bank of St. Louis
CINCINNATI
BRANCH
FEDERAL RESERVE BANK OF CLEVELAND
7;771777777:7iTON
JAN 1 1 1938
C5
TREASURY DEPARTMITT
WASHINGTON,D.C.
July 26,1937
Mr. B. J. Lazar,
Managing Director,
Federal Reserve Branch Bank,
Cincinnati, Ohio
Dear Mr. Lazar:
Receipt is acknowledged of your letter
dated July 22 enclosing a portion (about one—half)
of canceled order gold certificate No. 114395 for
0.0,000 which you received from Harry Gross, 12
East 12th Street, Cincinnati, Ohio.
It is presumed that your bank furnished
Mr. Gross with the information given in the letter
of this office dated May 21 addressed to the Fed—
eral Reserve Bank of Cleveland.
Very truly yours,
(signed) Marion Banister,
Assistant Treasurer.
D F C 3 1937
3!)
4o.1 Goodman, Attorney,
1011 First National Bank Building,
Cincinnati, Ohio.
Deur Sir:
In accordance with the reTlest in your letter
of Lecember 23, 1937, there is inclosed herewith a copy
of the board's edition of the Federal Eeserve ict.
The
provision relating to jurisdiction of suits involving
Federal Reserve banks will be found in the second paragraph of section 25(b) of the Federal heserve Act, at
page 149.
The Board of Governors has issued no regulation
on the above subject, although it has issued a number of
other regulations.
If you shculd desire a cory of any of
the Hotird's reulations deallg with a particular subject
we shall be glad to comply wit
your request, or you ray
address your request to the Federal Reserve Bank of Cleveland,
Very truly yours,
S. R. Carpenter,
Assistant Secretary.
inclosure.
JTO/n1g
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
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REC'D IN CLWERAL FILES
DEC 30 1937
SOL GOODMAN
ATTORNEY AND COUNSELLOR-AT-LAW
1011 FIRST NATIONAL BANK BUILDING
3vO cc
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CINCINNATI, OHIO
PA 7769
December 23rd, 1937.
&44y-Board of Governors,
Federal Reserve System,
Jashington, D. C.
Gentlemen:
Please let me have a copy of t'le regulations
applicable to the Federal Reserve System, particularly on
the question as to whether a Federal Reserve Bank ray be
sued in a State court.
Thanking you, I am,
Yours very truly,
SG :EH
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
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http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
@FedFRASER