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OKLAHOMA CITY CHAMBER OF COMMERCE
O F F I C E OF THE MANAGING DIRECTOR
April 18, 1951
AIR MAIL
Mr. William McChesney Martin, Jr.
Assistant Secretary of the Treasury
Treasury Department
Washington, D. C.
Dear Bill:
Your hosts of friends here are greatly pleased over
your accepting the responsible assignment as Chairman
of the Federal Reserve Board. We congratulate President
Truman, the Congress, and the people of the United States
on your leadership of this all important agency of our
government.
We agree with what David Lawrence said in U. S. News &
World. Report -- "Mr. Martin has a record of staunch
independence in every Government job he has held." You
have the confidence of people everywhere, and we wish
you much pleasure and satisfaction in your new responsibilities. We want you to come back to see us as soon
as you can.
I will be in Washington the first week in May, stopping
at the Statler Hotel. I will give you a ring, in the
hope that you can squeeze in a minute or two for me to
see you and. extend greetings from your Oklahoma friends.
Sincerely,
SD:hk
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Federal Reserve Bank of St. Louis
Stanley Draper
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Federal Reserve Bank of St. Louis
FEDERAL. RESERVE BANK OF CLEVELAND
OFFICE OF
THE
VICE
PRESIDENT
April 16, 1951
Honorable ¥m. McChesney Martin, Jr.
Chairman of the Board of Governors
Federal Reserve System
Washington 25, D. C.
My dear Mr. Martin:
I want to take this opportunity of telling you how
happy I am that you have become associated with the Federal
Reserve System in the high position as Chairman of the Board
of Governors. TJiis is to assure you that you will have the
wholehearted support of the management at this office in your
important responsibilities.
I thought you would be interested in a reprint of an
advertisement of the Mellon National Bank and Trust Company
of this city carried in our local newspapers and newspapers
of other leading cities. You will observe that we are engaged in a tremendous construction program in the Pittsburgh
area. Wish it would have been possible to postpone some of
this activity to some future date when business may not be at
as high a level as it is today due to the volume of business
brought about by the defense production.
President Gidney tells me that you will be in Cleveland
at our joint board meeting on May 1. I mentioned this fact
at our board meeting today to our directors and we are all
looking forward to meeting you personally on this occasion.
Enclosure
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Federal Reserve Bank of St. Louis
STEEL
MANUFACTURING
Allegheny Ludlum
$ 20,000,000
Armco Steel
10,000,000
A. M. Byers
1,700,000
Copperweld Steel
2,000,000
Crucible Steel
35,000,000
Jones & Laughlin
100,000,000
Pittsburgh-Des Moines
Steel
600,000
Pittsburgh Steel
12,126,000
Pittsburgh Steel Foundry
1,250,000
Superior Steel
3,322,000
United States Steel
135,000,000
United States Steel (for
purchase of Govt. Plants) 65,000,000
Allis-Chalmers
$ 2,500,000
Blaw-Knox
2,750,000
Elliott Co
2,150,000
General Electric
2,000,000
General Motors
20,000,000
Hubbard and Company. .
750,000
Joy Manufacturing
2,000,000
Kelsey-Hayes Wheel
7,500,000
Koppers Co
2,190,000
Mine Safety Appliances . .
500,000
National Electric Products
Co
1,500,000
Pittsburgh Plate Glass. . . 19,600,000
Rockwell Manufacturing
Co
500,000
United Engineering
3,000,000
Westinghouse Electric . . . 38,000,000
TRANSPORTATION AND COMMUNICATIONS
A network of expressways and highways in
and around the city
$150,000,000
Bell Telephone
65,000,000
Construction of the Pennsylvania Turnpike
westward to the Ohio state line
77,000,000
New Greater Pittsburgh Airport
26,000,000
Pennsylvania Railroad
32,000,000
UTILITIES
Duquesne Light
(5-year program)
Equitable Gas
Manufacturers Light
& Heat
(1950-54 program)
Peoples Natural Gas
West Penn Power
(1947-51 program)
$112,000,000
60-ACRE POINT REDEVELOPMENT
Point State Park and
Gateway Center, the
new business district
project of E q u i t a b l e
Life Assurance Society. $50,000,000
28,750,000
20,275,000
19,900,000
85,000,000
COAL AND CHEMICAL
Pennsylvania Industrial
Chemical
Pittsburgh Coke and
Chemical
CULTURE AND EDUCATION
C a r n e g i e I n s t i t u t e of
Technology
$ 4,000,000
Graduate School of Industrial Administration
6,000,000
Carnegie Institute
600,000
University of Pittsburgh. . 19,450,000
Graduate School of Public Health
13,600,000
RETAILING
Gimbel Brothers
Joseph Home Co
Kaufmann's
G. C. Murphy Co
Rosenbaum Co
New building for Aluminum Company of America . . . 525 William Penn
Place Building (for joint occupancy by Mellon Bank and subsidiaries
of U. S. Steel Corporation) . . . and adjoining park (with underground
parking facilities) —$42,000,000.
$2,300,000
12,000,000
10,000,000
1,000,000
2,000,000
$1,000,000
2,500,000
FOOD AND BEVERAGES
Duquesne Brewing
$10,000,000
H. J. Heinz
15,000,000
National Biscuit
5,000,000
Pittsburgh Brewing
4,500,000
Rieck-McJunkin
1,000,000
Thoro-fare Markets, Inc. .
1,500,000
Much of this informal ion ohtained through the cooperation
of the Allegheny Conference on Community Development,
established for regional improvement.
In the center of a
BILLION DOLLAR PICTURE
A new skyline is rising in Pittsburgh, expression of a civic rejuvenation attracting
national attention.
Yet the dramatic new buildings under
construction in the "Golden Triangle" are
only a part of a much larger picture . . .
for the Pittsburgh area is now engaged in
an expansion program involving well over
a billion dollars. Part of this program
has already been finished; the remainder is
scheduled for completion within the next
few years—subject, of course, to the present
international situation. Some of the larger
projects are listed above.
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Federal Reserve Bank of St. Louis
Geographically, Mellon Bank is in the
center of this great civic and industrial expansion program. More important, it is an
integral part of the financial fabric of this
highly industrialized section.
Mellon's capital funds, consisting of
$200,100,000 in capital and surplus and
nearly $10,000,000 in undivided profits . . .
represent an unusually large proportion of
capital funds to deposits. This provides a
high degree of safety for each deposit dollar.
Mellon's capital structure is also a gauge
of its ability, legal and financial, to make
sizable loans to industry. This is important
to the industrial customer who wants a
major financing project handled as a unit—
rather than divided among several banks.
What could this mean to your business?
Simply this . . . the experience of working
closely with a cross-section of the country's
leading industries has given our loaning
officers unusual experience in banking and
the related problems of industrial financing.
If this kind of industrial experience and
loaning capacity can be of value to your
business, we would welcome an opportunity
to prove that we can be helpful in major
banking and corporate financing matters.
MELLON NATIONAL B A N K
A N D TRUST C O M P A N Y
April l?f If SI
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Federal Reserve Bank of St. Louis
Sl&ceriiiy -y0tir»^
Koch
Hlj«h
Vol. 4, No. 3
i
Wm. McChesney Martin
Heads Federal Reserve
J
William McChesney Martin, Jr.,
January 1923, is now chairman of
the United States Federal Reserve
Board.
President Truman appointed Mr. Martin to this post on
Thursday, March 15, 1951, on the
recommendation of the former
chairman, Thomas B. McCabe, who
had resigned.
Mr. Martin, who is now fortyfour years of age, rose rapidly in
life. At the age of thirty-one, he
became the first paid president of
the New York Stock Exchange.
Before that he had been a partnerin a St. Louis brokerage firm.
Though very young, the Exchange
governors selected him from
among two hundred very prominent men.
After Mr. Martin had served as
President of the Exchange for
three years, the Army drafted him
where he began bis service as a
private.
Discharged as a lieutenant colonel, he became President and Board Chairman of the
Export-Import Bank. In February 1949, he became Assistant
Secretary of the Treasury in
which post he has been serving.
SOLDAN-BLEWETT HIGH SCHOOL, ST. LOUIS, MO.
i
HICKS ARRIVES FROM MANILA
A newcomer to Soldan-Blewett,
P John Hicks, term 2, who arrived
\" four weeks ago in the United
States from the Philippines, enrolled in our school several weeks
ago.
John lived in Manila for five
years where his father was a
tobacco importer. However, John
thinks Manila is very similar to
St. Louis. It is built like a modern city only with lower buildings because of the danger of
earthquakes.
Traveling to the United States,
John flew from the Philippines,
but he prefers traveling by boat.
Five Artists Rank In Field
STUDENTS VISIT MOCK TRIAL
On March 8, a combined group
of twenty-five pupils from Miss
Mulholland and Miss Pauls' American Problems Classes attended
the Washington University Mock
Trial given semi-annually by the
law students.
Judge Calhoun presided over the
Court, and the jury was composed
of twelve high school students.
The case was a civil one involving a false arrest.
The decision of the jury cleared
the plaintiff and awarded her $500
for false arrest.
Distributive Education Club
Holds Meeting In Missouri
Members of the Distributive
Education Class attended the
fourth state Convention of the
Distributive Education Club of
Missouri at the Roosevelt Hotel on
Tuesday, April 3, and on Wednesday, April 4. Groups from St.
Louis, Joplin, and Springfield attended the meeting at which one
of the St. Louis schools served as
host.
The purpose of the convention
was to exchange ideas, to develop
leadership, social poise, and to
integrate school programs through
joint sponsorship of projects.
Girls Hear Talk
By Nurses
On Friday, March 16, two student nurses from St. Louis City
Hospital visited
Soldan-Blewett.
Helen Windsor, January 1950, and
Shirley Boswell talked to those
girls here at school who are interested in nursing.
They discussed a nurse's life,
her studies, social events, and the
kind of work done in a hospital.
They also told them about the City
Hospital and the new training program that will be inaugurated this
Fall. This program consists of a
four year course after which you
become a Registered Nurse and
when you also receive a Bachelor
of Science Degree.
How have Soldan-Blewett students ranked in the art field?
This seems an interesting question
for those who intend to become
artists. According to the many
professional artists who were once
students here, the chance for success is good.
James Fisher now teaches art
at Washington University. Bob
Harmon designed the windows of
the modern Episcopal Church.
Emil Trei designed the windows
of Christ Church Cathedral. Curtis Nations is now a television
expert. Miriam Allwardt has won
first prize in a painting contest
Miss Dorothy Pauls, history
for young people while Leonard teacher, has had her poem "Work
Ruback won second prize in this of My Hands" published in The
Poetry Digest Anthology of Verse.
contest.
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Federal Reserve Bank of St. Louis
STAGE STAR VISITS ST. LOUIS
Eddie Cantor, the motion picture comedian, paid a surprise and
unpublicized visit to St. Louis on
Tuesday, March 13. Mr. Cantor
visited St. Louis in order to view
the Vienna Art Treasures Exhibition at the City Art Museum.
The stage and screen star paid
St. Louis a great compliment after
his visit. He told reporters that
the exhibition in St. Louis is twice
as good as the one held in Stockholm, Sweden. Mr. Cantor added
that the St. Louis Art Museum
contains a larger amount of space
than many museums.
Hymnal Program Presented;
Band Performs On Easter
The Senior Chaminade and
Boys' Glee Club have been busy
entertaining. The combination of
these two groups performed for
the Parent Teachers Association
at their meeting on Tuesday,
March 21, where they will present
some of the hymns used for the
April 11 broadcast over Radio Station KSLH.
Senior Chaminade presented a
program of four songs at the
March 5 meeting of the Mothers'
Club.
Thirty of the Senior Chaminade
and Boys' Glee Club of SoldanBlewett are preparing to broadcast over the Audio-Visual Radio
Station KSLH on April 11.
The program will consist of
eight hymns that demonstrate the
interrelation of hymns that in the
Jewish Synagogue, the Catholic,
and Protestant Churches.
The Soldan-Blewett Band, under
the direction of Mr. Sorrells,
played for the Easter Sunrise
Service held in Forest Park on
March 25 over a nation-wide
broadcast.
The Soldan-Blewett
Band has played at the Easter
Sunrise Service for several consecutive years.
Howard Lee To Be A Chemist
Howard Lee, term 8, is learning
much practical chemistry under
the supervision of Mr. Wilson. He
puts in extra periods in the laboratory that he will know enough
practical chemistry to go right
into that kind of work.
Besides having great aptitude
for chemistry, he is talented in
art, which he had considered making his career. Mr. Wilson helped
convince him that the world needs
chemists more than it does artists.
Even though he is carrying a
fall course with extra chemistry,
Howard has found time to go out
on the Baseball Team where he is
a pitcher.
. ,.35: .:.,> :,'"""•'. X:* ,
Friday, April 6, 1951
Interesting Careers
Apparent In School
An interesting student of the
school is Marion Bulger, term 1.
Marion, although she has recently
graduated from Clark Grade
School with co-top honors, has
decided upon her life work. She
wants to become an electrical
engineer.
Besides Science she has many
other interests. Among them are:
stamp collecting, music scrapbooks, G.A.A., Pep Club, and basketball. She also tinkers in her
father's workshop besides her
studying.
Jane Callaway, term 1, may be
one of the famous people you will
read about in the year 1962, for
she intends to become an author.
Jane commented, "I always wanted
to be a writer." She intends to
begin her career by writing children's stories, but eventually she
hopes to write a novel. When
asked what occupation she would
choose if she couldn't become a
writer, Jane replied, "an archeologist." Jane also likes to collect
rocks.
At' high school Jane plans to
study --Journalism, Creative Writing, and Public Speaking. She
now takes Latin, algebra, and
Junior Chorus, together with the
required Freshman courses. Jane
commented, "Grade school was far
less confusing than high school."
Poet Confuses Student
About True Background
English Literature not only confuses some students but also furnishes many humorous hours. The
latter is true about Marvin Marcus, term 8.
The literature class discussed
Byronr Marvin couldn't remember where Lord Byron was born.
"He was born in London." "No,
it was in the country," he added.
Becoming confused he stammered,
"Well, he was born some place."
Then telling about Byron's background, Marvin attempted to give
the financial status of both parents. Even more muddled he remarked, "His mother was an 'hairess' instead of an 'heiress'."
*
-'
_
Page Two
SPOTLIGHT
CHATTING WITH
OUR COUNSELLORS
H
Call Your StationHow would you like to be the
Station-master of the LMS Railway between London and Scotland?
You say you would enjoy it.
All right, try calling this station
with the longest name in Great
Britain — LLANFAIRPWLLGWYNGYLLGOGERYCHWYRNDROBWLLLLANTYSILIOGOGOGOCH, on
the Hoy-head Euston Lines. Scores
of people who visit this Welsh
village ask for the pronunciation.
The word means "Church of
Saint Mary in a hollow of white
hazel near to a rapid whirlpool
and to Saint Tysilios' Church near
to the red cave."
Many words in the English language sound alike and are often
confused in meaning. This proved
true in an English Literature
Class where various poems were
under discussion. Some poems
are marked "posthumous," meaning published after the death of
the author.
Irwin Haas, term 8, couldn't
understand how an author could
be credited with a poem of this
type because he confused the word
with "anonymous," meaning author unknown.
After this was clarified, another
student mistook an "urn," a vase,
as an animal with a horn in the
middle of his head, a "unicorn."
Winter Descends From His Throne
As March winds howl and April breezes blow, Old Man Winter
is making a last effort to stay on his throne and rule Nature.
Although he realizes that his last fights are in vain, he doesn't wish
to step down and gallantly give his throne to the beautiful lady
called Spring. After all, who is Spring that she should rule over all
things?
The battle, however, is a losing one, and soon Winter reluctantly
descends from the throne and makes way for Spring clothed with
freshness and beauty.
As Spring appears, Nature awakens from her long sleep and
goes forth to work her magic upon all objects. Flowers begin to
bloom and robins again fly back and forth. The air is filled with
fragrance and beauty.
Thus, Spring makes her way into the world. Winter is dethroned,
and the new Queen rules with magnificent grace. Nature comes alive
with all signs of the new season's appearance. Everyone is happy and
gay knowing that Nature is again displaying her beauty.
Spring Fever Snares Young Hearts
Ah, spring! You must have often heard the common adage,
^Spring is the time when a young man's fancy turns to love!"
Since spring is the season for the blooming of the daffodils, the
blossoming of the magnolia trees, and the sweet clear fragrance of
the air after a rain, what seems to be love often results as a bad
case of what famous physicians call "Spring fever." This disease
does not use any discretion in the choosing of its victims; it merely
plays upon the heart strings of all young individuals.
The symptoms of this fever include: rapid pulse, slow movement
of the legs, loss of appetite, slight fever, and a rapid beating of the
heart. Besides these symptoms, one who has "Spring Fever" feels
as though he were "on top of the world." He imagines that he can
perform any duty. The moon is his limit. While in this state, too,
students usually are inclined to slight the "ole books" and "day
dream" instead. I might add that any mother should not be shocked
to see her son leaving his home with a different color of sock on
each foot!
Anyone who holds these symptoms and does not know what to
do about them, should consult his father. After all, "Dad" was a
young man once. "Spring Fever" never grows old.
SPOTLIGHT
Published by the students of Soldan-Blewett High School, St. Louis, Mo.
Copy is furnished by Journalism Classes
65c per term, 75c by mail
SPOTLIGHT NEWS STAFF
EDITOR-IN-CHIEF
SPORTS EDITOR
NEWS EDITORS
HUMOR EDITOR
FEATURE EDITOR
COLUMNIST
REPORTERS
FACULTY SPONSOR
BUSINESS MANAGER
Augusta Sullivan
Kenneth Deal
Mary Nichols - Gene Jackson
Lonnie Peldman
Martin Goldstein
Gloria Brauch
Members of Journalism Class
Miss Helen C. Koch
Miss Louise W. Brown
"€rmiili«, and Unnoiir, fredrnn and Curhisp'
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Federal Reserve Bank of St. Louis
Friday, April 6, 1951
"Today's children are not any worse than when I started teaching," stated both Mrs. K. Chambers and Miss Higgins, our counsellors.
Both agreed that the only differences in children now are the differences caused by the changed times.
While in high school Miss Higgins supervised at a playground.
After graduating from high school she studied physical education at
college. Miss Higgins attended Nebraska and Northwestern Universities for her degrees. Then she took additional work at Columbia
College and the University of Southern California. Miss Higgins
believes the main quality essential to a counsellor is a liking for
people. "I did serve on a committee- planning activities of teen-age
Y. W. C. A. girls, but my main interest now is photography, particularly color shots," she remarked.
"I became a teacher because I wanted to be a doctor," stated
Mrs. Chambers, our other counsellor. Mrs. Chambers took pre-medical
work at Washington University,
but she found it too expensive to
continue to study medicine. For
this reason she attended Harris
Teachers College and became a
The Vienna Art Treasures Exteacher. Mrs. Chambers' idea of
a good counsellor is one who has hibition that is currently being
"big ears" and a "small mouth", shown at the Art Museum is truly
one who listens, but who doesn't a wonderful collection of mastersay much. Mrs. Chambers served pieces and objects of historical
as a Red Cross Nurses Aid, but interest. This exhibition gives St.
she has given up this volunteer Louisans the opportunity to view
work since her marriage. In her some of the world's most famous
home she enjoys music and gar- objects of art.
dening.
Many paintings are included in
the Vienna Art Collection and
many famous painters are repreRobbers Confront Joyce
Joyce Duros, term 7, recently sented. Some of the most beaureceived a few gray hairs from tiful and prominent of the paintshock.
Joyce, a retail student, ings include: "Solome with the
was working as a fountain helper Head of Saint John the Baptist"
at one of the local dairies when by Bernardo Strozzi, "Portrait of a
two masked teen-age boys carry- Man on Horseback" by Rubens,
ing guns confronted her. When "The Madonna of the Rosaries"
Joyce discovered their presence, by Michelangelo, and "Samson and
These
she ordered them out of the build- Delilah" by Van Dyck.
ing. Nevertheless, the boys rough- paintings not only contain beauly pushed her aside and secured tiful color but also characters
a sum of $100 from the cash reg- that are presented in lifelike
poses.
ister.
One of the outstanding features
Joyce related to friends that
she was not frightened until the of the Vienna Exhibition is the
boys had left the building believ- presentation of historical objects.
ing that the guns were only toy Among these are included several
suits of armor, a collection of
pistols.
Roman cameos, and an assemblage
Movie Deals With Sea of swords and shields.
A particularly interesting exhib"Operation Pacific" is the story
it is "The Cradle of the King of
of the United States submarine
Rome." This beautiful cradle was
"Thunderfish," actually a compresented by the City of Paris to
posite of the feats of several vesNapoleon I and Empress Marie
sels of America's "silent service,"
Louise, Archduchess of Austria,
which compiled such a magnificent
on March 5, 1811, shortly before
battle record in the Pacific warthe birth of their son.
fare.
The picture deals with the exploits of the "Thunderfish" and played so important a role. It
with the adventures of the people stars John Wayne and Patricia
in whose lives this submarine Neal.
Around
Town
R
E
P
0
R
T
E
R
stands
stands
stands
stands
stands
stands
stands
stands
for reliability, a virtue good and true,
for exactness, without he would not do.
for promptness, as all good reporters are,
for observations, that come from near and far.
for respect the others give to him,
for thoroughness he gives right back to them.
for enjoyment just when he does his best,
for realism the true end of the quest.
Put all of them together,
And REPORTER they will spell.
The virtue the staff has got,
And in cubs, time will tell.
Friday, April 6, 1951
SPOTLIGHT
Night Awards Granted
In University Courses
Washington
University
will
award scholarships to outstanding high school graduates to continue their training at night.
These awards will be equivalent
GOOD REASON
to two courses in University Col"What is your occupation?"
lege, and one student in each of
"I used to be an organist."
the eight high schools in the city
"And why did you give it up?"
.and six high schools in the county
"The monkey died."
will receive an award. Those
MISTAKE
schools to receive awards include:
Editor—"Did
you
write
this
poem yourself?"
Roosevelt, McKinley, Cleveland,
Contributor—"Yes, every line of it."
Central, Beaumont, Hadley, SouthEditor—"Then I'm glad to meet you, Edgar Allan Foe. I thought
west, and Soldan-Blewett.
Dean Willis H. Reals announced you were dead long ago."
that the awards will be effective
TOO LATE
for the fall semester. Upon comMathematics Teacher—"Now we find that X is equal to zero."
pletion of the courses, the students
.Student—"Oh my! All that work for nothing."
will receive certificates, on June
GOOD ANSWER
6 on campus.
Smartie—"What do we mean when we say the whole is greater
than any of its parts?"
Fourteen Per Cent Merit
Cornie,—"A restaurant doughnut."
Honor Roll Recognition
GENEROUS!
One hundred eighty-six names
Teacher—"Johnny, if you had six apples and I asked you for
appear on the Honor Roll for the three, how many would you have left?"
first marking period.
Twelve
Johnny—"Six."
names are included among the five
THE TRUTH
E's: Jane Callaway, Janice CooTeacher—"Sonny, why are you late for school every morning?"
per, Judy Gellman, Barbara GoldSonny—"Every time I come to the corner a sign reads 'School—
berg, Berkley Kalin, Walter Koch,
Go Slow.' "
Lois Kravin, Jerry Roseiiblum,
PARTING ADVICE
Ruth Shanker, Barbara Simmons,
Right:—Do right, and fear no man; don't write, and fear no
James Westmoreland, and Mae
Zigiin.
Two earned four E's: woman.
nineteen, 4 E's and 1 G; twentyfour, 3 E's and 1 G; and one hundred twenty, lowest G. Fourteen
percent of the school is included
in this first marking period. The
top grades are not only confined
to the mighty Seniors but also to
lower termers.
Alumni Shine At Grinnell Students Sing Popular
Spanish Song in Class
Word comes from Grinnell ColBOY WINS FREE TRIP
lege that Elizabeth Ferrel apWhat could those strange sounds
TO JEFFERSON CITY peared in the White Caps annual issuing from Room 310 every sevHarold Zarkowsky, term 4, has water ballet at Grinnell. White enth hour be? Is it possible that
won an expense free trip to Jef- Caps are members of the Wom- the room is the lonely haunt of
ferson City from the Eighth Dis- en's Swimming Club.
some ghost?
Shulamith Simon, a scholarship
trict Missouri Women's Club. The
No, the room is not haunted,
outstanding student, a boy or a student at Barnard, was elected but filled with bright, eager pupils,
girl alternately, from each high to the Student Assembly, the gov- members of Miss Bogle's Spanish
school in the city and county erning body of Barnard. Because 2 Class, who are practicing singearns the trip, known as the of this appointment, she was in- ing, "Don Simon de mi vida," a
"Sophomore Pilgrimage." The Club vited to attend a tea given by popular Spanish song. They4 wish
will charter a bus which will Mrs. Eleanor Roosevelt on March to become better acquainted with
drive the pupils to Jefferson City 6 in New York.
Latin music and culture. The
where they will visit the Capitol
Bernice Goldberg, January 1950, song, a lament addressed to Don
and other interesting state build- received a $300 scholarship from Simon, tells how unfavorably girls
ings. Last year, Aline Schneider, The Harris Teachers College of modern times compare with
term 5, represented Soldan-Blew- Alumni Association, an award old-fashioned ones. It seems girls
ett.
based on grades, personality, and used to adorn themselves with
extra curricular activities.
only a "high comb and hobble
When she attended Soldan-Blew- skirt" while today, "they go
Committees Plan Activities
Hello, Seniors! Are you well- ett, Bernice received the two and around looking like rats with spit
informed about the activities of four year scholarship seals for
curls on their foreheads, and with
your class?
In anticipation of outstanding grades. She was a
so much powder that they look
member
of
the
Pep
Club,
Ha
Ivria
graduation, the June 1951 Class
like bakers."
has vivaciously begun its duties and the Girls' Bowling Club.
as a graduating class. The Motto
Committee chose three mottoes
MISS KOCH REIGNS IN HER DOMAIN
from which the class selected one.
The majority of the students voted
When you're approaching 203
for "Truth Is Power, Character,
Walk softly, do, or die—
Destiny."
'Cause Miss Koch is ever watchful
The Banner Committee, comWith her glaring, gleaming eye.
posed of art students, will use
And pass the word along, my friend
this motto for the class banner.
Especially to the "cows,"
Green and white are the class
For when she says, "No Gum Chewing,"
colors. The Cap and Gown ComShe means it, boy, and how!
mittee decided on blue gowns for
So if you choose to live a while
the male members, and retained
Do what you know is right,
the customary white gowns for
For she is big in power,
the girls.
If not in actual height.
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LIVELY
LAUGHTER
LANE
Page Three
THE
ROUND
UP
Freshman Frolics
Robert Crownover, term 1, is
one of the many boys who takes
Chemistry to heart. However, his
laboratory is not among the test
tubes but in the school lunchroom
where he mixes chocolate ice
cream and milk to make chocolate
milk!
Some girls like candy;
some like cake, while others have
movie heroes. But the passion of
Rochelle Farb, term 2, and Rose
Sita, term 2, is Julius Caesar!
Each lunch period they practice
their lines from this drama.
Do you have trouble finding
your classroom?
Gayle Brink,
term 7, and Marvin Kreisman,
term 7, discovered that not only
their period five American Problems Class disappeared, but it
also couldn't be located in any
other room! It's not only the
Nu-Jays that become lost!
Financiers
Paul Brauch, term 6, though
only 16 years old has paid for an
automobile of his own and with
aid from no one. Sheldon Ehrlick,
term 6, bought a new Buick Convertible. Maybe these financial
wizards can lend Allen Rosenblatt,
term 5, some money. Allen, after
paying for a twenty dollar pair
of shoes is "broke."
Names in the News
Two girls with unusual afterschool occupations are Ryna Averbuch, term 5, who is employed
downtown as a model, and Josephine Miller, term 4, a ballet
teacher in Jennings, Missouri.
In the last issue we listed foreign born pupils representing
fourteen different countries. These
are our other foreign born students: Helga Neugarten, Bernard
Mayer, Hans Levi, Hans Mayer,
Jacob Nussbaum, Pete Rein, Frank
Sax, and John Steip from Germany;
Em man u el
Ohanesfcm,
France; Pierre Georgios, Greece;
and Ben Diamont, Poland.
Ronald Slowski, term 7, is having a difficult time seeing in
Machine Shop, He accidentally
got a piece of steel in his eye.
Congratulations!
Leo Pashos, term 8, is "getting
ahead;" that is, he swam ahead
of the others in the State Swimming Finals and won 5th place
honors!
Judy Specter, term 2, not only
is her advisory's Agora Representative, but she has taken on the
unofficial and busy position of
Spotlight Advertiser as well.
Lame Feet Department
Ruth Tinkham, term 8, hopes
to recover from those aching pains
she received at the Senior Skating
Party. It was her "first experience" on skates. Bonita Wood,
Beverly Siegel, term 8, and Lorene
Smith, term 6, don't need to tell
you that they are still tired from
being the "wheelbarrow," in gymnasium games. Looks can tell!
^
Page Four
tr
SPOTLIGHT
Friday, April 6, 1951
- SPORTS Slawski, Johnsey Star In Tiger Win
A blanketing snow did not
dampen the Tiger Baseball Team's
hopes for a successful season.
Workouts at school, chalk talks,
and meetings in 105 served as a
substitute until the diamond dried.
At the meetings Coach Cliffe
expressed his views for the coming season. Through posters of
his own design, Mr. Cliffe disclosed that winning is not so difficult as it appears. He showed
interest only in hustling, winning,
thinking, and spirited ball-players.
"Think — mental errors lose
close games," he instructed. "Run,
run, run, because a running ball
club is a hustling, fighting crew.
A team with spirit is a hustling
team." With these instructions
firmly established, Coach Cliffe
believes the 1951 Bengal Nine will
spring scores of surprises.
Following is the remainder of
the season's schedule:
April
9—McKinley
At P. S.Sta^mm
12—Roosevelt
At Roosevelt
16—Hadley
At P. S. Stadium
19—Central
At Central
23—Southwest......At P. S. Stadium
26—Cleveland
At P. S. Stadium
30—'Beaumont
At Beaumont
May
1—Country Day.-At Country Day
3—McKinley
At McKinley
7—Roosevelt
At P. S. Stadium
10—Hadleyl
«.
At Hadley
14—Central!
At P. S. Stadium
17—Southwlst
At Southwest
18—Principil
At P. S. Stadium
CAGE STAR GAINS THREE
N EW BASKETBALL HONORS
Bill Mathews, term 6, gained
recognition for his cage talents
on the Tiger Basketball Team
from two local newspapers. The
Post-Dispatch merited him AllPublic League First Team and the
Star-Times awarded him honorable mention to the All-District
Third Team. Players from opposing teams in the Public League
voted Bill to their All-Opponents
Team.
Bill, who scored the most field
goals for the Tigers, was also
second on the team in individual
scoring. He garnered 168 points
in 17 games for a 9.9 average.
In Bill's highest game he scored
18 points against Brentwood. His
sharp-shooting for 17 points almost upset regional winner Roosevelt. The Tigers lost 48-45. Bill's
uncanny shooting from difficult
angles featured each of these
games.
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The Soldan-Blewett Tigers, paced by Ron Slawski and Lloyd Johnsey, edged out the Principia
Panthers, 4-3, in a non-league encounter for their first win of the baseball season, March 31, at
Public Schools Stadium. Tom Treanor pitched the entire game for Principia and allowed four hits.
Charles Yancey, Ron Stanley, and John Pierron hurled for the Tigers.
The Panthers took an early 3-0 lead off Yancey's pitching. The Tigers picked up a single marker
in their half of the second inning. Stanley replaced Yancey in the third inning and yielded but one hit
for three innings. With the heavy end of the batting order coming up in the last of the sixth, the
Tigers realized that this was their chance. Larry McBrearty opened the frame with a ground single
past third base. Ron Slawski, after belting a long foul over the left-field fence, then slammed a 330
foot home run to tie the score. Bill Mathews followed with a base on balls. After a strike-out, an
infield out advanced him to second. With two men out and time
running short, Lloyd Johnsey
smashed a line single to center
If you want to run, for what team should you try? The Gym field to score the winning run.
Team is not very probable. The Track Team? Possibly. Surpris- Pierron retired the sides in order
ingly enough, the Baseball Team would be a good answer. All in the last two innings to gain
through the practice sessions Coach Cliffe stressed speed.
credit for the victory.
Now with practices and demonstrations in the past and the season well under way, the team is shaping up and the positions are
narrowing down to a few active players who have the hustle that Tiger Gymnasts Win Second
Mr. Cliffe requests.
Place In City Title Battle
Pitching shows great promise with Captain Bill Mathews, George
The Soldan-Blewett Gym Team
Poulos, Charles Yancey, and Mark Herman bolstering the mound crew.
made a fighting effort, but fell to
Three able receivers, who will be catching, include George Pavey,
second place in the fourteenth
Cornell Bowen, and Ed Duke. Competition for this post will prove
annual City Gym Meet at Beaukeen all year.
mont, March 30.
Infield and outfield positions are still extremely competitive;
The Hadley Hornets gathered
chief contenders constitute infielders: Charles Fink, Ron Slawski,
1532.1 points to snare its first
Charles Signorelli, Larry McBrearty, and Manny Monroe, and tentative
Public High School League title
outfielders, Alvin Weinman, Jim Westmoreland, Bill Brooks, and
since :t joined the league four
Lloyd Johnsey.
years ago. The Tigers followed
closely with 1521.8 points, and the
CINDER MEN READY FOR TRACK MEETS
defending champions, the BeauWith two meets played from their schedule, the Track Team is mont Blue Jackets, finished third
now ready to buckle down and show fight in its coming meets with 1520.4 points. Cleveland talStarting from scratch this year, the team is striving to gain enough lied 1406.7 points and came in
experience to place in the big Field Day Events.
last.
The remainder of the schedule:
The high point individual scorer
April 11—Beaumont vs. Soldan-Blewett
was Steve Zax from Hadley who
April 18—Hadley vs. Soldan-Blewett
racked up 153.9 points to lead his
| April 21—Maple wood Relays
team to victory. The Tiger high
April 27—Public High League Relay Carnival
scorers included Eddie Indelicato,
|
May 1 and 2—District Meet Preliminaries
Ken Stone, and Dave Londe who
I j(
May 5—District Meet Finals
placed third in the meet.
t
May 9—Central vs. Soldan-Blewett
The next event, for which the
May 11 and 12—State Class A Meet
team is now preparing, will be
May 1'6—Roosevelt vs. Soldan-Blewett
the Ozark A. A. U.
May 19—Field Day Preliminaries
May 25—Field Day Finals
SPORTS CHATTER
Gymnasts
News and Notes Concerning G.A.A.
The first seven weeks have come and gone, and the basketball
teams of G.A.A. are playing in earnest for the Basketball Tournament Championship. In the upper leagues the Term Sixes still
remain^ the undefeated champion while in the lower leagues the Term
Threes show a strong unified team.
Among the outstanding players on the Term Sixes this year are
many who won the championship for the team last year. Rachel
Greene, term 6, is a versatile player, excellent as both guard and
forward. Sylvia Bassler, term 6, has the advantage of height to
produce an outstanding forward while Ruthiene Bergman, term 6,
is a "top" player in any position.
The Term Fours have a promising team this year with many
players. Carol Rickard, term 4, who not only plays, but often helps
referee the games, and Sybil Cain, term 4, are both winning players.
On the Term Seven and Eights Team, Natalie Williams, term 8,
is a good basket shot, scoring twenty points in one game making
her high point man of the team. Clara Bennett, term 7, and Reva
Katz, term 7, make up for their loss of height with very clever teamwork. They completely baffle the opposing team.
Outscore
Hadley
The Gym Team played in its
last meet of the regular season
on March 19, when it defeated
Hadley, 170.20-164.65, at SoldanBlewett.
Topping the scoring for both
teams was Zax who tallied 29.20
points for Hadley. Soldan-Blewett
high scorers were Ken Stone,
Eddie Indelicato, and Tom Jones
who scored 26.50, 25.85, and 25.75,
respectively.
Following are the statistics:
Player
Horse Par. Hor. Total
Stone
9.25 8.55 8.70 26.-50
Indelicato ....8.50 8.25 9.10 25.85
Jones
..8.30 8.70 8.75 25.75
Ballard
7.60 8.45 8.45 24.50
Brooks
8.2,0 7.10 6.90 22.20
Solomon ......7.15 7.50 7.35 22..00
Cejude-Alva ..6.65 8.75 8.00 23.40
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Dear Stevtt
It t/as certainty nice of you to take
the trouble to n£re 120 your good ttlshes*
It is much ^jprociated*
Sineerely ^oursf
763
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CDU295 CGN PD=:WUX CD NEWYORK NY 15
^ASSISTANT SECRETARY OF THE TREASURY=
WASHDC=
CONGRATULATIONS AND BEST WISHES UPON YOUR NOMINATION
AS CHAIRMAN OF THE FEDERAL RESERVE BOARD=
STEVEN A KOSHLAND=
F
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Federal Reserve Bank of St. Louis
W
$
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Federal Reserve Bank of St. Louis
& 28, 1951
Dear Br« Kerrt
It isras certainly nice of you to take
the trouble to write me about my netr job*
Qivo 2$r best to Krs* Kerr and your
charaing daeugbter* You and - f rs» Kerr Imvo
been very kind to Kra» "artin and iae since
w0 joined the Church, and hence it is a
pleasure to acknowledge this,
Sincerely yours,
MoC, Martin^ Jr«
BE** JoJm W» K
363.0 7an rfess Stro^t,
Waehixigton, D* C*
3olC Van Ness Street,H.\V. ,
Washington, 0. C., March l6,19i?l
:^r.',Villiam HcChesney Martin Jr.,
286l Woodland Drive,
Washing ton, D.C.
Dear Mr.Martin:
I wiah to join your many friends in congratulating you on your recent appointment as Chairman
of the i?ederal Reserve Board. To us it seems another long
step in your already eventful career. ICo doubt you will
have opportunity to perform larger service in the Interest of our people. We ar~ so pleased it has come to you.
Financial problems of G-overiimet seem especially intricate at the present time. I trust you will have success
and satisfaction in meeting them in your new assignment.
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Federal Reserve Bank of St. Louis
Very Sincerely,
-jjn
V7
(Dr) John W.Kerr
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Federal Reserve Bank of St. Louis
Dear ilr» Keller;
How nice of you to take the
terabit
to wire iae OB c^r new poet*
I appreciate vor^ ?mieh your goec1
•Kishes, and -sill hope to visit with you
^soaenrer 701 are is Washi:ig^on«.
With all
good ^Is!if3f
Sincerely yours.
763
A T U J L ' A - l T I d D N
s
T
F. T C , N
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115 CGI! PD=DQ S T L O U 1 S tiQ 15 25^p-
=v; ILL i AM MCCHESNEY M A R T I N JR, ASST SECY OFFICE OF
I N T E R N A T I O N A L F l H A N C E = T R Y 1 81 8 H H F
=JUST HEARD OF YOUR NEW APPOINTMENT. CONGRATULATIONS AND
BEST tf!!
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Federal Reserve Bank of St. Louis
.ALBERT M KELLER =
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Federal Reserve Bank of St. Louis
I certainly appreciate your nic«
letter am your good wishes*
Mrs. Martin and I enjoyed so much
our dinner with you &nci EFS. Kurte at Bob
Johnson's, and I am looking forward to
seeing more of you*
%&* MoG, Martin, Jr,
Kr* %a* Ftdton
President
The P
THE PENNSYLVANIA COMPANY
FOR B A N K I N G AND T R U S T S
PHILADELPHIA 1
WM. FULTON KURTZ
PRESIDENT
March 16, 1951
many years of veil-earned and constructive
happiness in your work. I hope soon to
have a chance to congratulate you in person
but, in the meantime, my very best wishes.
yours,
Honorable William McChesney Martin,
Assistant Secretary
United States Treasury
Washington, D. C.
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Dear Bill,
I was simply delighted to learn
yesterday of your appointment as Chairman of the Board of Governors of the
Federal Reserve System. From a good
many years on the Federal Advisory
Council, 1 became intimately acquainted
with the members and their work. To me
it is an intensely interesting and worthwhile Governmental function. You have
both the background and the youth to do
a great job and to iron out the quite
natural differences between the fiscal
and monetary authorities. I am told
that you have already done one outstanding job in that respect.
This is just a line to wish you
Sferoh 30, 1951
Dear
It was certainly aloe of you to write. You
have alimys been a mm friend and it is a pleasure
to recall how helpful yen were during our difficulties in the £.<xehan£:e»
I do hope things are roinp well with you and
that our paths will cross a^ain.
Sincerely yours,
KcC. f .^rtin, Jr.
Mr, J. Klingensteln
""•ertheim ^ Co.
120 Broadway
Hew York, ?I.Y«
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WERTHEIM &Co.
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120 BROADWAY
NEW YORK
March 16, 1951
Mr. William McChesney Martin, Jr.
Assistant Treasurer of the United States
Washington, D. C.
Dear Bill:
I was thrilled to read of the additional honors,
as well as responsibilities, which have come to you.
As
one of your old associates in the work of the Exchange I
have followed your career with great interest, and find
real satisfaction In your fine record.
My heartiest congratulations and best wishes for
your continued, success and happiness.
Sincerely,
Joseuh Klingenstein
March 30, 1951
Dear George:
Many thanks for taking the trouble to
write * ail a* us in the i'reasury appreciate
the oonstructive assistance you have given us,
and I Icaow you will help us curry on in faciag
the difficulties that lie ahead*
Sincerely yours,
v:m« 'ToG. Martin, Jr.
B, Kneass
President
The Philadelphia Sat'l Bank
Philadelphia, pa.
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••.
NATTONAL I ANR
GEORGE B . K N E A S S
VICE PRESIDENT
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Federal Reserve Bank of St. Louis
March 16, 1951
Mr. William McChesney Martin, Jr.
Assistant Secretary of the Treasury
Treasury Department
Washington 25 > D. C.
Bear Bill:
My very hearty congratulations on your
acceptance of a big responsibility. We all have
great confidence in your ability to resolve further
policy difficulties between the two organizations.
1 also want to express the hope that before you leave the Treasury you will have the chance
to select a substitute or substitutes who will be of
practical assistance in working out the tremendous
fiscal problems which must be faced in the next few
years. This of course carries no criticism of present personnel. It's just a whopping job.1
With all best wishes, I am
Most sincerely,
GBK.R
'.Arch 33, 1951
It wb.g nice to he^r from you. ana it
wiie;i h$ MMIS preaaxdJis; iicro In -'.fesMm-toB not
too ion. -^i/o*
,. .-...,• t it d to se«^ yoM ar^ settled 1».
sc hope our pair. 3 »-5. 11 ei' -iSfj
these d&y**
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Federal Reserve Bank of St. Louis
Sincerely yoi>rg.f
rst SecuHtlet Corn*
,
?
u f;*
INVESTMENT S E C U R I T I E S
TELETYPE
DHAM-94-
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Federal Reserve Bank of St. Louis
TELEPHONE
ONE
ELEVEN C O R C O R A N STREET
March 16, 1951
Mr. William McChesney Martin, Jr., Chairman
Federal Reserve Board
Washington, D. C.
Dear Bill:
Congratulations on your new responsibility. I feel a
whole lot better about our national position now that
this important job is in good hands.
Soon after you left for the Array, I served a hitch in
the Navy and came back South rather than return tc
Fitch Investors Service. I understand that our friend
Dr. McComb is still at Broadway. ! ?J
I am genuinely gratified at your appointment and wanted
to let you know this.
Cordially,
Robert King^f Jr.
Investment Research Department
RKjr:ba
6931
CONTINENTAL ILLINOIS NATIONAL BANK
AND TRUST COMPANY OF CHICAGO
CHICAGO GO, ILLINOIS
FRANCIS M.KNIGHT
VICE PRESIDENT
March 16, 1951
The Honorable William McChesney Martin, Jr.
Assistant Secretary of the Treasury
Washington, D. C.
Dear Bill:
Little did 1 realize when I was sitting across the table from
you less than three weeks ago that i was looking at the new
appointee as Chairman of the Federal Reserve Board. I am
tremendously pleased with your appointment and think the solution for the Fed as well as for the Treasury is most fortunate.
Mutual friends who know you well, confirm my judgment that you
are the man to do the job so i congratulate the Board, the
Treasury and you.
Yesterday, when your appointment was announced, was the day 1
had a notation on my calendar pad that John Snyder was to be
my guest speaker at the Bond Club of Chicago of which 1 am the
newly elected president. A line, however, had been drawn through
his name on my pad because of the operation, but Ed Foley tells
me that the Secretary will try to work it out at some future
date and I hope he will.
After your appointment is confirmed, it occurred to me that
it was highly important for you as the new Chairman, to clear
up a great many points that are on everyone's mind and I think
"the story can now be told". If you wanted a spot where you
could speak your message, 1 am sure that it would not be before
the so-called ^all Street crowd or a group in Washington or in
Philadelphia, which was Tom McCabe's favorite spot, but I would
be highly honored if you cared to come to Chicago and used the
Bond Club of Chicago where you would have an audience of at
least five hundred people all interested in financial and fiscal
affairs. About one-third of them would be bankers, the balance
would be investment bankers, members of the stock exchange and
their guests. I can promise you a full attendance and will
parade the guard and band for you to make everything as easy
and pleasant for you as I can.
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Federal Reserve Bank of St. Louis
-2-
I am sure that the president of the banks, including Hap loung
of the Fed, partners of stock exchange houses and of the investment banking houses will all turn out. The press could be included or excluded as you saw fit.
All of this is merely a suggestion. I am not trying to persuade you to do anything if it is not to your own liking and
advantage.
With best wishes, I am
Sincerely
FMK:L
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Dear Bill*
Thanks & lot for your nice note*
I will
need a lot of advice In t: is job and will loak
forward to chatting with, you frcsi time to tiate
as In the past.
Cordially yours,
TBU MeC, S&rtin, ,/r.
Eir« *'ri* Tl
40 V-fc.ll ftt
r;e»f York, K
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Federal Reserve Bank of St. Louis
W I L L I A M E. K N O X
AO W A L L S T R E E T
NEW YORK 5, N.Y.
March 16, 1951
Dear Bill:
Congratulations on your nomination
to be Chairman of the Federal Reserve Board.
Your confirmation is obviously just a matter of
time.
As usual, all the best and if ever I can
be of assistance, please free to call upon me.
Sincerely,
Mr. William McC. Martin, Jr.
Assistant Secretary of the Treasury
Department of the Treasury
15th Street & Pennsylvania Ave., N.W.
Washington, D. C.
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Federal Reserve Bank of St. Louis
h 31, 1951
Dear sir. Lazarus:
Tharsks a lot for your food wishes.
;*y new
job is a very serious responsbill t;y, as you know,
so I do appreciate your takinr; the trouble to
wri te.
S i acerely yours,
m. I'cC. Martin, Jr.
!{r. Arthur T.azarua
70 ^ine Street
Sew ^ork 5, N. v.
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ARTHUR LAZARUS COMPANY
Consultants
-TY PINE STREET
NEW YORK 5, N. Y.
BOWLING GREEN 9-5165
March 15, 1951
Honorable William McChesney Martin
Assistant Secretary of the Treasury
12th Street & Pennsylvania Avenue EfW
Washington, D. C.
My dear Mr. Martini
Permit me to congratulate you on your new
post as Chairman of the Federal Reserve Board and I
wish you great success in tha.t important capacity.
While you will be occupied in quenching
the fires of inflation, I expect to be busy improving
the fire fighting organization here in New York where
I have just been engaged to make an organisation and
management study of the Kew lork City Pi re Department.
Yours faithfully,
Arthur Lazarus
AlJrsc
?&rch 31, 1951
Dear Kr. Kent:
As one of your faithful admirers, I was very
pleased to have you take the trouble to write me
about :75y rtev/ post in the Federal ?eserve.
You have been such a tower of strength in the
banking world for so lonr1*, that it is nice to know
I can call on you for advice. My father also
thou-ht the world of you and, like others, he
always looked for M iarr? to Your talks at the ^Q
Trade meetings and was never disappointed.
"Vfith all
?:ood wishes.
Sincerely yours,
. McC. J4artin, Jr.
Mr. P. I. Kent
100 Broadway
New vork, H.T.
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Federal Reserve Bank of St. Louis
.
» • ,*
ROOM 15O7
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Federal Reserve Bank of St. Louis
TELEPHONE CORTI.ANDT 7-S8OO
FRED I. KENT
1OO BROAITWAY
STEW YORK 5, INT. Y.
March 16, 1951
Dear Mr. Martin:
In view of Mr. McCabe?s resignation as governor
of the Federal Feserve Board, it is a great satisfaction to me to know that you have been appointed
to the position.
Of course with your experience, the problems which
arise in the work of the Board should not be too
trying and we all look forward to your successful
handling of the position.
With kind regards and best wishes, I am
Cordially yours,
FIX:D?J
Fred I. Kent
Mr. William McChesney Martin, Jr.,
United States Treasury Department,
Washington, D. C.
¥&reh 23, 1351
D«ar l-Jr. Kollaks
Thank you very much for your nice letter
about rey new position, and I do hope things
will continue to go well with you.
I have had some very pleastnt visits with
~'r* T.kmtor ana will look forward to seeisr you
again.
Sincerely yours,
Tfia. FoC. ?'1art5nf Jr,
The Honorable Theodore Kollek
Minister of Israel
n, D. C.
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Federal Reserve Bank of St. Louis
E M B A S S Y OF I S R A E L
WASHINGTON, D. C.
March 18, 1951.
The Honorable
1/fi.lliam McChesney Martin,,
Treasury Department,
Washington B.C.
Dear Mr. Martin,
"With great interest I read the announcement in the
press concerning: your appointment as Chairman and member of the
Federal Reserve Board.
I take this opportunity to extend to you my sincerest
congratulations upon your appointment and trust that success will
attend your efforts in this great and important task which has been
entrusted to you.
Allow me to add here a word, of gratitude for your
consistent advice and support given to us so freely at every occasion,
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Federal Reserve Bank of St. Louis
Yours sincerely,
Theodore Kollek
Minister Plenipotentiary
.;
March 28, 1951
Dear Chucks
It was certainly nice of you to take the
trouble to write me about my new .jobj as &
matter of fact, you are purtly responsible for
it because of the assistance you gair© us -during
these past beetle days.
It was a. great pleasure to get acquainted
with you, and I will look forward to visiting
with you from tiae to time.
Sincerely yours,
McC. Martin, Jr.
Mr. C. Kade*
Tlawkins, Delafield &
67 mil Street
Sew York, K.Y.
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Federal Reserve Bank of St. Louis
March 21, 1951
Hon. William McChesney Martin, Jr.
Assistant Secretary of the Treasury
U. S. Treasury Department
Washington, D. C.
Dear Bill,
I would have written you sooner to congratulate
you on your new appointment but I had expected to be in
Washington the past Monday and to tell you in person how
happy I am that you will be the Chairman of the Federal
Reserve Board. I T m glad not only because it affords you
the great opportunity to use your talents and experience
to the fullest extent but also because it is good for
the country to have you in a post so important in these
critical times and good for our individual and collective
souls to see the President make such a wise selection.
I wish you the best of success and happiness,
and do hope to see you to say so orally in the not too
distant future.
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Federal Reserve Bank of St. Louis
Very sincerely,
26, 1951
I appreoi&te very much your taking the
trouble to write x» about my nsw post.
I wish I could go with you on your trip
through Africa and £urope but, *t any rate,
will look forward to aaeing you when you
return.
all food withes,
Sincerely yours,
J
!&*• Richard Iwlze
8 We^t 40th Street
Sew York, K.T.
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Federal Reserve Bank of St. Louis
cf. ^artin, Jr.
RICHARD KTJLZE
LONOACRE
4-6673
CABLE ADDEESS: WALTBJCH
ATTORNEY
8
WEST
4QTH
YORK
21st
STREET
18, N. Y.
March 1951
Mr. William McGhesney Martin, Jr.
Chairman, Federal Reserve Board
Washington, D. C.
Dear Bill;
Out of the long dim past, again comes the voice of
congratulations *
It has been my distinct pleasure to watch each step of
your career since stock exchange days and to be gratified
with the fact that the powers to be have continually
given you more important assignments in public life. It
is grand to find a practical man in a position where so
many theories are thrown too freely.
Believe it or not, for several years I have planned
to get down to Washington and stop in to see you personally, but something always interrupts the good intentions.
I am writing you this letter just before taking off on
a trip through Africa and Europe, but I do promise I will
stop in to see you on my return.
Keep in good health and 1 feel confident that no problem of the Board will be to great that you can not
analyze it clearly, cogently and concisely.
With kind personal regards, I remain
Sinc<
RK/
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Federal Reserve Bank of St. Louis
26,
It was nic* of you to taVe the trouble
to writ* a»»
All of us in the* treasury appreciated
yjur re coat asslstscuaca ai*d it Im* been n
pleasure gettijar to know yo« better.
I will look forward to f:etti*if; advios
from you wh«jiever you ai-o in muhin -top.*
all ?ood wishes,
Sincerely yoyrs,
'-reC. l^rfcin, Jr*
Bask of
San Fraaci»oo» Calif.
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Federal Reserve Bank of St. Louis
.*'•xrf
RATIONAL S^ySl? ASSOCIATION
SAX FRAXGISCO 2O
March 16, 1951
R. A. KENT
V I C E PRESIDENT
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Federal Reserve Bank of St. Louis
Mr. Ihi. Me Chesney Martin, Jr.
Department of the Treasury
Washington, B.C.
Dear Mr. Martin:
I learned with considerable pleasure
of your appointment as Chairman of the Federal
Reserve Board. I offer you my warm congratulations in the conviction that you mil fill this
elevated post with great advantage to our country
and honor to yourself.
Kind personal regards.
Sincerely yours,
3AK:M
\fereh 28, 1951
Dear PhiIt
It wa* eertaialy riiee of yoti to take the
trouble to write me aae, it will be a pleasure
to continue to work with you*
?rom averytWa? I hear, you have been
dolag «, fiae job ia the £alx>r fjepftrtneat, rod
I will i>e very pleased to hftve Advice froia you
any tirae you care to pass thlnjvt on*
Vi'Ith all eeKKi wishea.
Sincerely
u v«G« Martin*
tloa. F* [-="» Kaiser
Assistant Secretary
0« S. Beftrtiaest of Labor
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Federal Reserve Bank of St. Louis
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U. S. DEPARTMENT OF LABOR
OFFICE OF THE ASSISTANT SECRETARY
WASHINGTON
March 20, 1951
Mr. William HcChesney liar tin
Chairman, Board of Governors
Federal Reserve System
Washington, D. C.
Dear Bill:
I just returned from a three weeks
trip in Europe and v/anted to take this opportunity to congratulate you on your appointment as Chairman of the Board of Governors of
the Federal Reserve System,
I really think
should be commended for
excellent appointment.
you in carrying out the
nevr office,
that the President
having made such an
Very best wishes to
heavy burdens of your
T/ith personal regards,
Very sincerely,
Philip LI. Kaiser
Assistant Secretarv
.r^fc**^*'
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Federal Reserve Bank of St. Louis
lair
I
af ^9tt 'to
^3« in
sN^r pa^s will &mm Ssxm
14,
By Airmail
14. P L A C E V E N D O M
PA R » S
21st March 1951.
V7
m. McCo Lartin, Jr. Esq.,
Chairman of the
Federal Reserve Bank,
Washington. P.O.
U.S.A.
My dear Mr0 Martin,
I was delighted to read in the press that
you have been nominated Chairman of the Federal Reserve Board.
Please accept m.y hearty congratulations on this well earned and
well deserved honor which has been given you. It is well to know
that this most important Institution is under such good and capable
leadership.
With best wishes for all success in your
new post and kind regards,
Sincerely yours,
EPK, you
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Federal Reserve Bank of St. Louis
V
*
of j>sa t» tite ti* tf&ul&r ta wit*
*»*
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Federal Reserve Bank of St. Louis
1%
aa
to aw
X ulll
la tiit aot too
l*tt«r ttotfe you
f«n^!pi ^a
TOLEDO 3, OHIO
M ILTO N K N I G H T
PRESID ENT
March 22, 1951
Dear Bill,
The course of the years since 1928 has
followed a pattern which none of us in our youth
could have forecast with any accuracy whatsoever.
From time to time I have noted through
the newspapers the changing steps in your own
career and by now, with your assumption of the
major responsibilities entailed in your new position, I feel it is high time to congratulate you
on a life which has not only been largely devoted
to public service, but which has been intelligently,
successfully and honestly devoted to that service.
Few of us have the opportunity to participate actively in public service and even fewer
are willing to accept such opportunities as they
may be presented.
I myself since graduation have moved
through the spheres of law practice, industrial
production, a hitch in the Navy, and now rest at
the bottom of the social scale among the ranks
of the "money-changers".
But, seriously, I do want to wish you
every success in your new job and assure you of
the full assistance and support of myself and
our small institution.
With best regards,
Sincerely,
Mr. Wm. M. Martin, Chairman,
Federal Reserve Board,
Washington, D. C.
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Federal Reserve Bank of St. Louis
TXwr
How nice of ^>« to writ* ml I baiw
Jcpfed wwy saeh gutting acqtsaint^ witli 3^?u la tl»
pant few jrears and following you firo« Br^s«Is to
the Statldr Hotol ^@^e in ^tshlagtos,
^T best to Maur^m l^y% aad I will look
forward 10 vtsiMiig id,tli yo« £*o» tiwi to
WMcCM:b
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Federal Reserve Bank of St. Louis
THE
HENRY
S. KINGMAN
PRESIDENT
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Federal Reserve Bank of St. Louis
April 5, 1951
My dear Bill:
This letter has been somewhat
delayed, but none the less I want to congratulate you on your appointment by the
President as Chairman of the Federal Reserve
Board. It is another fine compliment in
your career, and I am sure you will discharge
this responsibility with great success and
distinction.
I hope our paths may cross again
before too long.
With kindest regards,
Sincerely yours,
Mr. William McChesney Martin, Jr.
Chairman of Federal Reserve Board
Washington, D. C.
Dott? Sfti&$
Thank jem voxy muefe for your good wishas*
% vaa^r best to you and Batty v5flgr* Cynthia Joins
is» la feopii^ tl»t ^>« ean u»t dona f03r ^loth^r r®~
•anloa OJIQ of tlisse 4a^3*
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Federal Reserve Bank of St. Louis
Sim^erely jfourvf
March 28, 1951
Mr. William M. Martin, Jr.
2861 Woodland Drive
Washington, D. G.
Dear Bill:
I was extremely pleased to learn of your appointment to the
Federal Reserve and wish to congratulate you. In times such as these,
your appointment is one of the few and only too rare bright spots on
the horizon and will be a tremendous factor in improving the confidence
which is so badly needed.
It must be a source of great satisfaction to you as 1 know
you have practically grown up with Federal Reserve since your earliest
days, and I recall way back when we were in college your attitude regarding the importance of the independence and integrity of the Board.
Many congratulations and best of luck.
Sincerely,
B. Kauffman
21 Keofferam Road
Old Greenwich, Connecticut
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Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
mm -Blew of y&sL to t«te» tt» trou&to
to write &&•*
JL ^f*«a wi^ I vm
bat will
to frt laaok fmm
»«o aJU of yaa*
in ai* toJi^,
td tias ^»4
MEMBERS
FRIEDMAN
BRO KAW
& LESSER
NEW YORK STOCK EXCHANGE
CHICAGO STOCK EXCHANGE
ST. LOUIS STOCK EXCHANGE
NEW YORK CURB (ASSOCIATE)
CHICAGO B O A R D OF TRADE
COMMODITY EXCHANGE. INC.
TELEPHONE
GARFIELD 5258
MEMBERS
NEW YORK STOCK EXCHANGE
Til ST. CHAJRLES ST.
ST. Louis i. Mo.
March 27, 1951.
Mr. Wm. McC« Martin,
Chairman of the Board,
Federal Reserve System,
Washington, D. C.
Dear Will:
My heartiest congratulations to you. I don f t know
of a better appointment they could have made. More power to
you.
It looks like it is going to be up to you to keep
the unscrupulous politicians from making a political football
out of the Reserve System.
With kindest regards*
Sincerely,
LHK:ds
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Federal Reserve Bank of St. Louis
. Krietmeyer
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Federal Reserve Bank of St. Louis
to tiear frost yoa, aa£ I do tap*
mr« f ©togroil,wife ^@fa»
I
. lariim, Jr.
*
.. . f
COLONEL. E. C. KIELKOPF
4S33 MIDDLETON LANE
BETHESDA 14, MARYLAND
March 29, 1951
Honorable W. M. |!artin,
Chairman, Federal Reserve Board,
Washington 25, D. C,
Dear Bill:
Congratulations on your recent appoitnment
and best wishes for continued success.
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Federal Reserve Bank of St. Louis
Yours sincerely,
E. C. Kielkopf
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Federal Reserve Bank of St. Louis
Bear George*
Hear nice of yon to isrite ret I
still r eweaber with plcaamr© our asaocia^
tion in the &£Dlmrig»f and id.H hope to
visit «ith you fro®
to time*
^3T b^st, as a3F^sf
Sincerely yotcrs,
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Federal Reserve Bank of St. Louis
GEORGE R. KANTZLER
81
BROADWAY
N EW
YOR K.
March 15, 1951
Dear Bill:
I was delighted and very much
interested to learn today that President
Truman had selected you as the next chairman of the Federal Reserve Board. My
heartiest congratulations and all good wishes
for your continued success in this important
and difficult position.
Very kindest personal regards.
Mr. William McC. Martin, Jr.
c/o International Bank for
Reconstruction & Development
Washington, D . C .
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Federal Reserve Bank of St. Louis
Hoir nice of you to take the trouble
to write net *»d I will look forward to
working more closely with you# As you point
«itf t^ job say be onerous, but I will
to SB© you from t&ae to tiae*
Sincerely yotsrs.
Mr* Werner Knoke
33 Liberty Street
Torlc, M»T»
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Federal Reserve Bank of St. Louis
-
,
T H I R T Y T H R E E L I B E R T Y STREET
^5"
NEW Y O R K f, N.Y
March 30, 1951
Dear Milt:
How nice of you to write met
I
do hope things are going ^ell with you
and that we can have another luncheon
when you are ia '«ashington.
My best as always.
Sincerely yours,
Mm* MoC* Martin, Jr,
Mr* Milton Katz
U.S.Special HepresentatIve
in Europe
Economic Cooperation Administration
2 Rue Saint Florentln
Paris, France
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Federal Reserve Bank of St. Louis
UNITED STATES Of AMERICA
ECONOMIC COOPERATION ADMINISTRATION
m EUROPEAN RECOVER
UN.TEI swE*of «HMOI
OFFICE O? THE UNITED STATES SPECIAL REPRESENTATIVE IN EUROPE
ui|in
2 rue Saint-Florentin, Paris 1, France
March 19th, 1951
The Honorable
William McC. Martin
The Assistant Secretary of
the Treasury
Washington, D. C.
Dear Billj
My feelings about the importance and role of the
U.S. Treasury Department are such that I naturally felt a
pang at the news of your impending departure from it. But
it is a great comfort to know that the responsibilities of
Chairman of the Federal Reserve Board will be in your hands,
and besides, it's always a treat to see renewed recognition
given to a first-class public servant.
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Federal Reserve Bank of St. Louis
With warm regards, and best wishes,
Ever yours,
Milton Katz
U.S. Special Representative
in jSurope
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Federal Reserve Bank of St. Louis
!
i
item
of 70*1 to I
"h® tape?
-a»« 2 &m*
m3®i
inaw naJ hav» baa» ^107 isicfe
with ^w
^r Brwttaet
'i
INTERNATIONAL BANK FOR
RECONSTRUCTION AND DEVELOPMENT
WASHINGTON 25, D. C.
March 26, 1951
Dear Bill:
I want to add my name to the long
list of friends who are congratulating
you on your appointment as Chairman of the
Board of Governors.
I would add that you are taking on
a difficult assignment except that your
record is studded with difficult assignments well executed. That being the case,
it is really the President who deserves
the congratulations for his excellent
choice.
Best of luck*
Sincerely,
Mr. William McChesney Martin
Assistant Secretary
United States Treasury
Washington 25, D. C.
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Federal Reserve Bank of St. Louis
JAMES E. MURRAY .MONT., CHAIRMAN
LISTER HILL, ALA.
MATTHEW M. NEELY, W. VA.
PAUL H. DOUGLAS, ILL.
HERBERT H. LEHMAN, N. Y.
JOHN O. PASTORE, R. I.
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Federal Reserve Bank of St. Louis
ROBERT A. TAFf,
>
GEORGE D. AIKEN, VT.
H. ALEXANDER SMITH, N. J.
WAYNE MORSE, OREG.
IRVING M. IVES, N. Y.
RICHARD M. NIXON, CALIF.
ritic Jl
COMMITTEE ON
LABOR AND PUBLIC WELFARE
March 26th, 1951
Hon. William McC.Martin,Jr.
Chairman, Federal Reserve Board
Washington, D« C.
Dear Mr. Martin:
Many thanks for your letter
of March 22nd. It was very thoughtful of you
to write to me and I appreciate it.
I was glad to have the opportunity of spreading on the record my high
regard for you and the work which you have
been carrying on.
I send you my heartiest congratulations and my best wishes for a full
measure of success in your very important work
Very sincerely you
JAMES E. MURRAY, MONT., CHAIRMAN
LISTER HILL, ALA.
MATTHEW M. NEELY, W. VA.
PAUL H. DOUGLAS, ILL.
HUBERT H. HUMPHREY, MINN.
HERBERT H. LEHMAN, N. Y.
JOHN O. PASTORE, R. I.
COPY
COPY
ROBERT A. TAFT
GEORGE D. AIKEI
H. ALEXANDER SMI i H, N. J.
WAYNE MORSE, OREG.
IRVING M. IVES, N. Y.
RICHARD M. NIXON, CALIF.
WILLIAM H. COBURN, CHIEF CLERK
COMMITTEE ON
LABOR AND PUBLIC WELFARE
March 19, 1951
Honorable ^urnet R. Maybank
Chairman
Senate Banking and Currency Committee
United States Senate
Washington, D. C.
My dear Mr. Chairman:
I understand your Committee will today
consider the nomination of Mr. William McChesney Martin,
Jr. for membership on the Federal Reserve Board vice
Mr. Thomas McCabe.
Mr. Martin is, as you know, a citizen of
my state. I would like you and the members of the
Committee to know that I have the highest personal
and official regard for Mr. Martin. I have followed
his career with great interest and know of my own
knowledge of the superior quality of his talents and
of his many significant achievements in the world of
business, finance, and government. His capacity for
working with other people and for administrative management are too well known to need my further comment.
I can pay only the highest tribute to his integrity
of purpose and character.
I am pleased to be able, as a member of
the Senate, to give my unreserved endorsement to
this nomination and to bespeak for Mr. Martin the
favorable action of your Committee.
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Federal Reserve Bank of St. Louis
Yours very sincerely,
(sgd) Herbert H. Lehman
Mr* JUsugiiiim
thanks for jotir nioe letter and
it
is
Indeed
a pleastir© to h«ar tram you*
*
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Federal Reserve Bank of St. Louis
I r«seatoer our pleasant visit at tfee
Hotel Ifenr Yorker and also mir visit at
la»Mngt€« andl &»e UM^®?si^" i»5 ^ears ago»
I hi^e last h^a«l fr^ BiH Ttoffer
rei^ntl^ biit liope he is doing well, ami
I certainly h<^« our paths will cross again
in the not too distant future»
Siaearelj jo*irsf
/
J
SAML. O. LAUGH LIN, JR
PRESIDENT
V I C E PRESIDENT
J. B . Y O U N G S O N
SECY. AND TREAS.
March 23, 1951
Mr. William McChesney Martin, Jr.
Chairman .Federal Reserve Bank
Washington, B.C.
Dear Mr. Martin:
I am unable to refrain from writing you to offer
my sincere congratulations over your recent promotion
to the Office Of Chairman of the Federal Reserve System.
For this to come from such a humble individual as
myself may surprise you at ray audacity to even write. I
wanted to state that I am greatly relieved, and feel more
secure over your honor as 1 know that - with your ability,
soundness and wisdom, our Reserve System is in safe hands
and such appointments as your own inspire confidence in
others.
Often recall our pleasant' chats at Hotel New Yorker
in past and the signal honor you bestowed upon me, while
President of New York Stock Jixch^nge, in being your
luncheon guest and escorting me on floor of the exchange.
I shall always be grateful to your good self for this
recognition.
Wishing you every success in your new work and with
my kindest personal regards, 1 am,
Very sincerely,
SOL:mh
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Federal Reserve Bank of St. Louis
Samuel 0. Lau^hlin,
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Federal Reserve Bank of St. Louis
Dear Spemen
It urns ni&€ cC ^ou to take
trouble to writ© me.
I reciprocate yotsr hope tlmt it
will mean more tine for tennis, but
I am not getting off to a very good
start in that direction at the acsaent*
Sincerely
Mr* ^# Sp@ns«r Love
Chairman
Burlington Mills Corporation
416 Eing Building
, D. C.
Burlington Mills
C O R P O R A T I O N
J. S P E N C E R
LOVE
416 R I N G B U I L D I N G
CHAIRMAN
WASHINGTON
March 23, 1951
Dear Bill:
Just a line to tell you how happy
I was to hear of your recent welldeserved promotion. In conversations
with various folks in the financial
world, I have heard nothing but
friendly and satisfied expressions.
Now that you rank up near the top in
the brass, I hope you will have a
little more time for tennis, and that
we can have at least an occasional
game this summer.
Cordially,
Mr. William McChesney Martin
Chairman, Board of Governors
Federal Reserve System
Washington 25, D. C.
dc
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Federal Reserve Bank of St. Louis
6,D.C.
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Federal Reserve Bank of St. Louis
Bear Mset
ffew nie© to hear from ^owf and I know
you are having a good tia© working W T««2r
Class Book.
I do hope to see you when jou get to
Washington sni will be interested in your
Ulson research.
J&th aH goixi wistes,
Silieerely j^urs,
I,
25th YEAR BOOK COMMITTEE
PRINCETON UNIVERSITY
CLASS OF 1926
Chairman
MCMILLAN LEWIS
310 Nassau Street
Princeton, N. J.
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Federal Reserve Bank of St. Louis
V ice-Chairman
JAMES M. ROBBINS
West Patent Road
Mt. Kisco, N. Y.
/
25th YEAR BOOK COMMITTEE
PRINCETON UNIVERSITY
CLASS OF 1926
Chairman
MCMILLAN LEWIS
310 Nassau Street
Princeton, N. J.
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Federal Reserve Bank of St. Louis
Vice-Chairman
JAMES M. ROBBINS
West Patent Road
Mt. Kisco, N. Y.
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Federal Reserve Bank of St. Louis
Dear Pick;
HaKfr tfcaankc for jcmr nie^ irfr0f
and I will hcf» to -SN&e ^m sooa*
Sino^rel^ 3^01^1,
Hu HcC» Marti% *Jr»
s
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WUX RACINE WIS MAR 16 1951 933A
WILLIAM MCCHESNEY MARTIN JR, ASSISTANT SECRETARY TREASUREY
R
A
DEPT
HEARTIEST CONGRATULATIONS AND BEST WISHES ON YOUR NEW
R
Y
APPOINTMENT AS CHAIRMAN OF THE FEDERAL RESERVE BOARD
RICHARD 0 LANG S C JOHNSON & SON INC
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Federal Reserve Bank of St. Louis
1120A..
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Federal Reserve Bank of St. Louis
D»ar Aubreys
It
eertalrily nice of you to
take tlie tremble to wire rw«
All of us bum in the Treasury are
raofct appreciative of the oomtractive asolstanco ^i hft*ve given \is and w« *1H hcapi
t© be in tofuch idth you as things- <l«v«l€3fp*
XI was a pleaei£r© to luncdi with you
her®*
With all good ^ishes^
Siiws^^e^ yours^
R
E
A (
S
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TWU028 PD
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NEWYORK NY MAR 1$ 33?P
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WILLIAM MCCHESNEY MARTIN JR, ASST SECTY TREASURY
L (
TREASURY DEPT
CONGRATULATIONS ON YOUR APPOINTMENT IT IS RECEIVED HERE
AND AROUND THE COUNTRY WITH GREAT APPROBATION AND YOUR
R(
A
P
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UNDERSTANDING OF BOTH SIDES IS BOUND TO BE MOST CONSTRUCTIVE
AND WILL ADVANCE THE NATIONAL INTEREST CONSIDERABLY WITH
R
KIND REGARDS
*(
AUBREY G LANSTON ^ Co
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
41 OP..
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s
R
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E
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Eareh 21,
Dear Tom:
Thanks a lot for your goal -wishes.
My ne!*r job is a very serious responsibility, as you kr.ow, so I do appreciate
your taking tbe trouble to writ e,
Sincerely yours,
IfcC, Martin, Jr*
Mr. Itaaas £* Lorajoy, Jr.
President
t
Ttis ManhattPjn life Insi?raiwc Company
:«st 57th Street
York, !?.T.
-
V\
THE MANHATTAN LIFE INSURANCE COMPANY
12O WEST 57 TB STREET
NEW YORK 19,1ST.Y:
THOMAS
E. LOVEJOY, JR.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
PRESIDENT
March 16, 1951
Hon. William McC. Martin, Jr.
Assistant Secretary of the Treasury
Treasury Department
Washington, D.C.
Dear Bill:
It was pleasing to learn of your appointment
as Chairman of the Board of Governors of the Federal
Reserve System by President Truman, and I hasten to
join your many friends in extending congratulations.
There is no question in my mind that your
appointment will be confirmed by the Senate, and it is
reassuring to know that this important post will be in
your competent hands.
All good wishes to you for success in this
undertaking.
Sincerely,
TEL,Jr:FS
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
March 22f 1951
Dear toils i
Thanhs a lot for ym*r good wishes*
I^T aetr Jofe is & wry serious resi»rmias ^ou kaost so I do appreciate
takli^ tM taroiiHl® to
siil I^cshsage
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON 25, D. C.
OFFICE OF THE
GENERAL COUNSEL.
March
l6 ,
Dear Bill:
I congratulate you on your appointment as
Chairman of the Board of Governors of the Federal
Reserve System.
That your administration will be
a notable success can be taken for granted.
So
all I can wish for you is that you have a happy
and interesting experience*
Sin€er>iy,
Louis Loss
Honorable William McChesney Martin, Jr.
Assistant Secretary of the Treasury
Washington, D. C.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
EXECUTIVE OFFICE OF TK
PRESIDENT
NATIONAL SECURITY COUNCIL
WASHINGTON
March 16, 1951
Dear Bill:
I have read with mixed pleasure and regret of
your appointment as Chairman of the Federal Reserve Board.
Pleasure that you have been given still another extremely
important position, for which I feel you are so especially
well qualified. Regret that we will be losing your valuable services on the Senior NSC Staff.
I have thoroughly enjoyed our all too short association on the Staff, and have valued the experience
and sound judgment which you brought to its work. Even
though I realize that many of our projects have been of
fringe interest to you, it has been reassuring to know
that we could have your judgment when the occasion required.
B^r sincere congratulations and best wishes for
your new appointment. I only hope that we may continue
to see each other from time to time to continue what has
been, from my point of view, a most happy relationship.
Sincerely yours,
Lay, Jr.
Mr. William McChesney Martin, Jr.
Assistant Secretary of the Treasury
?Jashington
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
March 25, 1951
2Jfcny th*nk« for your nl&e note fcboyt ay
iww assijrr*i-.srit, asc I certainly afree with you
»l>out the pictures. I d<& wish the old photoj~raphie %<iitar «m» on the j©b, but I »m not sur»
tlmt *Tea that vroulc' »mk« it possible far $*» to
look ffiuch better*
I will oertaialy look forward to
into you one of these days*
paithfolly
;. »-"cC.
Mr. a* C*
-. of Industrial F«lations
Rohm I: "H&as Co.
Philadelphia, p*.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
'
'
ROHM & HAAS COMPANY
WASHINGTON SQUARE
^••**1
|§MI
P H I L A D E L P H I A 5 , PA
March 20,
Mr. William McChesney Martin, Jr.
Chairman of Federal Preserve Board
Constitution Avenue between 20th and 21st Sts., N.W.
Washington, D. C.
Dear Bill:
I am quite delighted to read the nevrs of your appointment to
the position of Chairman of the Federal Reserve Board but quite
distressed at the pictures they are running of you. Doesn't an
old photographic editor have more to say about this subject?
Sincerely yours,
ROHM & HAAS COMPANY
/
RCL:bdb
%bert C. Landon
Manager of Industrial Relations
Manufacturers of Plastics, Synthetic Resins and Chemicals for the Agricultural, Coatings, Leather, Paper, Petroleum, Plywood, Rubber, Sanitation and Textile Industries
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
i&refa 27, i9i>l
Dear
It isae otrtalaly aiee of yau to welcome me
te the federal Reserve ^ystam*
I ft* soioj1; te
need a lot ©f advice and assistance *ad knew that
I can couot an. yott aad the federal Reserve
of Kaaaas City to b» helpful*
With ail
|x>od wishea,
Pineerely youra,
%u
Mr. H« Qavin Leedy
President
Federal Reserve Bank
of Kansas City
fanaas City,
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Martia, «fi
FEDERAL RESERVE BANK
OF KANSAS
CITY
H . G A V I N LEEDY
P R E S I DENT
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
March 16, 1951
Dear Mr. Martin:
The announcement that you are to succeed
Tom McCabe as Chairman of the Board of Governors
is a source of real satisfaction.
The System is
extremely fortunate, and is to be congratulated.
Looking forward with the greatest pleasure
to being associated with you in the work of the
System, and with every good wish,
Sin/cerely yours,
Mr. William McChesney Martin, Jr.
Assistant Secretary of the Treasury
Treasury Building
Washington, D. G.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Dear Bills
Thanks & lot
for your good wishes.
As you point out, It is cartainly a tou^h
agsig-iment and I SLK ••-.sir.-* to ne«d a
lot
of advice*
I will certainly look forward to
seeing you from tir* to ti:a«.
Sincerely yours,
^te« McC. Martin, Jr.
;tr. ^lri. /i« Lyon
Supt'A of Banks
State of Haw York
Banking
New York, H.Y.
•
STATE OF NEW YORK
DEPARTMENT
27O BROADWAY
NEW YORK 7, N. Y"
W I L L I A M A. LYON
S U P E R I N T E N D E N T OF BANKS
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
March 20,
Hon. Tfillliam McC. Martin
Assistant Secretary of the Treasury
7/ashington, D. C.
Dear Bill:
The word of your appointment as Chairman of
the Federal Reserve Board is welcome news indeed. This
is a very tough assignment that you are taking on, but
to any one who has served a term as President of the New
York Stock Exchange nothing that comes after, I suppose,
can ever seem very difficult.
I send you my Tvara congratulations and very
best wishes.
Sincerely yours,
Superintendent of Banks
M*reh 27,
Dear Kr* Leachs
fieeause Ifed had such s high regard for you,
I feel I already know you quit© well* It will
be a pleasure to see you and I know th&t you and
the Federal Beserve Bai*k of "ichuond will be able
te give ae tiauad advice — I mm. gelRf ^° aeed a
lot of it*
MeC. Martla,
^fr* H«gh Leach
Presi dent
federal Beserve Bank ef
Richmond*
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
(
FEDERAL RESERVE BANK OF R I C H M O N D
HUGH LEACH
PRESIDENT
March 16, 1951
Dear Mr. Martin:
Having served, as President of this bank
for several years while your father was President
of the St. Louis bank, I have been familiar with
your record for many years and am delighted that
you are to become Chairman of the Board of
Governors.
Looking forward to a closer association
with you than has been possible in the past, I am,
with best wishes
Sincerely yours,
Hugh Leach,
President.
Mr. William McChesney Martin, Jr.,
Treasury Department,
Washington 25, D. C.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
(
Carl M. Loeb
Forty two Wall Street
New York 5 , N . Y.
April 99
Mr. William McC. Martin, Jr., Chairman
Board of Governors of the
Federal Reserve System
Washington, B.C.
Dear Mr. Martin:Your note reminds me
to tell you that we are still serving
luncheon under the same old auspices.
We should be honored if you will avail
yourself of our facilities whenever
you happen to be in our neighborhood.
With kind regards,
irjfcerely,
CML:EL
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Itaur lr* i*o*bt
Hov f*ii* t© hsar fro» you* and I do bop*
ttemt I wiH h«v* i» opp^rtmuit? t© btn«fit fr^m
jt»ar advic* £ro« tirs* to tia*»
I «aj©fe^ vfflpy ^ii«jh <«r JjEffichea in the ol€
4ay» and if jcm g«t to '^«sliinft^it ^3jp« yst? vlll
dp^ ia and visit wltii m»*
StnG€?miy yoarai^
Carl M.Loeb
Forty two Wall Street
New York 5 , N . Y.
March 29,
Mr. William McC. Martin, Jr.
Assistant Secretary of the Treasury
Washington, D. C.
Dear Mr. Martin:Upon my return from Florida
I hasten to add my good wishes to those of
your legion of friends in our part of New
York who wish you well in the honor which
our Government has conferred upon you by
calling you to the Chairmanship of the
Federal Reserve Board. It is particularly
gratifying to me that a post, the administration of which is so important to the
welfare of our country, will be in such
capable hands.
With my best wishes for a
successful administration and your health
and happiness,
Sincferely,
CMLrEL
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
'
?«w £ds& latter of
@ -«»r®
in
lia
I trmt thiagp- ar» geiaf wdl ta
for aasttear Tisit on© of
to you
all good
Srie f*
s« At
Janeiro, Urassil.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
E R I C F. LAMB
ENDERECO TELEGRAFICO'.RIOSCHRO
C A I X A P O S T A L : 1-226
J. HENRY SCHRODER BANKING C O R P O R A T I O N
SCHRODER TRUST COMPANY
NEW Y O R K
VIA AIRMAIL
TELEFONE
4-2 - 6827
April 3, 1951
Dear Bill:
I was very pleased to hear of your appointment to the
Chairmanship of the Board of Governors of the Federal Reserve
System, and send you herewith sincere congratulations•
Having followed, insofar as possible from this distance,
the course of the longstanding disagreement between the
Treasury and the Federal Reserve regarding the money policy,
I feel sure that your taking over is all to the good.
Quite
apart from all that, I somehow feel that in a sense you have
now "come home",
I can imagine how proud Parker Willis would
be of his most faithful Friday-night student;
With all good wishes for every success in the new post,
1 am,
Sincerely yours,
Mr. Wm. McC. Mirtin, Jr.
Board of Governors of Federal Reserve System
Washington, D.C.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
BMH
1tNv-v>& & lot for y%? good
•isitfiMW* a0<t I do
thlais «r«
w»ll witlt you»
3i£C«rti7 70^3*9*
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
RICHARD LEO LEVIS
56OI WATERMAN
ST. LOUIS 12. MISSOURI
DMratUi
Jte ale®, to Jmsar
again* te a miter of fact,. It is %uit«»- a edwidbaM •&* I ww 3&m
«t
Sail Is* SootSi C&roitim -s^^r 111^ i^t^*^^
a&4 ftfcmdlj
Hj0
tiJMng to Ir. Craoltst that fmi vsr»
of thi 69M« I t^M feia nboat j^m and
j^*i^ids «»
'%®m
tb« j%«^t l»ai
that 1 «»8 oat «dT tcm^; *&tfa ymi at tl» i^^est*
I da h^^ 7.354 will
to W^^lngt^ s jcae
tijaa, ieid If not 1 'Will look forward ta »«ai«i ^m
SJR USSF TOPIC*
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
^r best aa *!**?**
F&ttiUteOy 70QT8,
• •
FIFTEEN BROAD STREET
NEW "VORK 5, N.Y.
April 3, 1951
Dear William:- (formerly Bill)
It is always a satisfaction to an
older man to observe that one whom he evalued
highly has more than justified the earlier
appraisal. There was some question in my mind
as to your future when you ventured into the
Washington maze, but you did not allow yourself
to be confused, and traveled steadfastly the
road of public service.
Remembering the conferences with Dr.
Parry in which, if I may make a bad joke, the
Exchanges tried to parry Dr. Parry, and the
superb edifice in which the authority was housed,
I retain a conception of the physical magnificence of your position, while the newspapers make
clear how important your Chairmanship is at this
critical time.
My appointments in Washington are
over, else I should venture to secure an entrance
into the presence by sending in a card of Mr.
Justice Douglas1
Every good wish.
Hon. William McC.Martin,Jr.
Federal Reserve Bank
Washington, D. C.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
March 30, 1951
I appreciate veiy caieb ^owr taking
the trouble to writ© n© about my new post,
«id r»gr«t very much tlwt I cculfi not get
down for the CosEcneeiaeRt
Mrs* !.!«rtln joii^ m in gra^tinge to
you and Krs.« liads^r, «ad w© trill hofw? to
you *t tfce tli» of th« aoact Board Kaeting*
Mr* Jaae« Anaour Idndaay
Jftpesid^nt
fhe
Hotmt
TRUSTEES
JOHN A. SIBLEY, CHAIRMAN
DR. PHILIP WELTNER, VICE-CHM.
M.GORDON KEOWN,TREASURER
S. F. BOYKIN
DR. HARMON C A L D W E L L
Miss VIRGINIA CAMPBELL
G. LISTER CARLISLE
MARTHA BERRY, FOUNDER
DIRECTOR 1902-1942
THE BERRY SCHOOLS
TRUSTEES
JAMES ARMOUR LINDSAY
NELSON MACY, JR.
ROBERT F. MADDOX
WM. MCCHESNEY MARTIN, JR.
E. W. MOISE
G. LAMAR WESTCOTT
r —_ rrf •"• '<> K M*l5- ElttS UMTC
^ife^S^
GEORGE WiNSHIP
ROBERT W. WOODRUFF
EXPRESS AND TELEGRAPH OFFICES
ROME, GEORGIA
CHRISTIAN SELF-HELP SCHOOLS
FOR RURAL BOYS AND GSRLS
MOUNT BERRY, GEORGIA
March 16, 1951
Mr. William McChesney Martin
Chairinan, Federal Reserve Board
Federal Reserve Bank
Washington, D. C.
Dear Mr. Martin:
All of us at Berry are delighted to hear of
the new honor and attendant responsibility which has been
placed upon you. We feel sure that you will make a great
contribution to your country through the stabilization of
our economy and an increase in the efficiency of our
defense program.
We sincerely hope that you and your family will
be able to steal away from Washington sometime in the nexb
few weeks and spend several days at Berry. We will do our
best to make you comfortable and will promise that we will
not make as severe demands on your time as during your
last visit.
Mrs. Lindsay joins me in sending you, Mrs. Martin,
and the children the sincerest of best wishes.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Cordially yours,
Tames Ar
Armour Lindsay
^uames
President
March 30, 1951
De*.r Henry:
Thank you for your goo-1 wishes,
ani I am -lellrhtei to hear about your
Interest In Industrial ^DbillzatIon.
I know John Graham well and will
hope to visit him souetlne In Williamsburg.
Slncersly yours§
Wau McC. Martin, Jr»
Mr. Henry D. Lytton
Sev/ York* Quartermaster
Procursroent Agency
111 East l5ti>
York, S.Y.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
NEW YORK QUARTERMASTER PROCUREMENT AGENCY
U. S. ARMY
111 EAST 16TH STREET
NEW YORK 3, NEW YORK
!N REPLY. REFER TO:
FILE N0
-
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
20 ilarch 1951
PERSONAL
Hr. YJm. H, Martin, Jr.
Ass 1 t.Secretary of -the Treasury
Treasury Department
Yfashington ~2£, D. C.
Dear Bill:
Many congratulations to you on your successful career
at the Treasury Department and on the news of your forthcoming nomination to the chairmanship of the Federal Reserve
Board!
I have been engaged in Industrial IfebilizatLon Planning
since last summer; but have found time to turn out another
raw material report(for General Gruenther, as a private venture) ,this time emphasizing the importance of Western Europe,
As ever,
Henry/fl. Lytton
(industry Economist)
(Industrial Planning Section)
(General Supplies Branch)
P. S* John Graham (the gentleman *vuho used to be at the Brooklyn
Museum) is now Curator of Colonial l//illiamsburg»
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
March 30, 1951
Dear Vies:
It was nice of you to take the
trouble to write me.
of us In the Treasury are
most appreciative of the help you have
given us and I particularly enjoyed
getting acquaint ad with you.
We have soai© difficult problems
ahead of us, and I will hop$ to visit
with you from time to time.
Sincerely yours,
W®. McC. Martin, Jr,
Mr. Wesley Mndow
Vice President
Irvln v trust Conpany
Htew York, H.Y.
f
TRUST
YORK
WESLEY LIN DOW
VICE
PRESIDENT
March 20, 1951
Mr. William McChesney Martin, Jr.
Assistant Secretary of the Treasury
Treasury Department
Washington 25, D. C.
Dear Bill:
I was delighted to learn of your appointment to the Board.
Congratulations and best wishes.
As a firm believer in central banking and a "graduate" of
the Treasury I have been very unhappy over the recurring
conflicts in the monetary-debt management area. I believe
that our institutions must adjust to changing conditions
just as a healthy individual does. You have a challenging
opportunity to develop the right kind of understanding
between the two "equal partners" involved.
With kindest regards,
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Sincerely
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
March 30, 1951
Dear Mr. Levlne;
Thank you very much for your
good wishes and for sending me the
luck piece.
It was nice of you to take the
trouble to do this, and I am sure you
are correct In saying I will ne-d both
luck and to say "Ko.fl
Sincerely yours.
. McC* Martin, Jr.
Mr. Samuel ,*. Levlne
295 Frances Street
Teaneck, Kew Jersey
@FedFRASER