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Pebruary 16, 1:320.

.

2rod

pden, Esq.,
Vice President, Park-Union Fort:ion tJiking Corp.,
56 Well at., Uom York, N. Y.

Dear Llo. Aspdon:

Governor jtrong, who is ava7 from the B_nk at present on

a vac-tion, has written me from the West that be plans takinr a trip
through the 7YLlt including Japan, China, Java, India, Galen, etc.
leaving San Prancisco In the early 4=1'1: of April. The Governor

azIwd me to see it you will give Aiy letters f introduction to your

offices in the East. His .party will include

Basil Mos, forlerly

of our State Depart.Jent, and his son, Benjamin Strong, Jr., and the

Governor is aazious to have all letters of introduction include Ulm.
he Governer desires to carry those letter:: with him, and if you trill
send them to Ix, I will see that they are forwarded to him along with
other letters of a similar nature which we are procuring.
assuring you that your ompliunce with this request wi11 be

gre-tly appreeiLted, I beg to remin
Very truly yaws,

J. U. Gaze,

Acting Governor.
WAS AIK

PARK- UNION FOREIGN BANKING COTWORATION
CAPITAL AND SURPLUS FULLY PAID $ 2.250.000.
CHARLESA,OLDER,

PRESIDE.,

ED. ASPDEN.

VICE PRESIDENT.

E

MACKENZIE,
SECI4,13,71REAS.

T. C. TR IPPE,

ASS, s eC,




50 WALL STREET
Nififtel(com

/

10

19 h February, 1220.

FEDER-J RESERVE

J.H. Case, 1,sq.,
Acting Governor,
Federal Reserve Bank,
New York City.

My dear Mr. Case:-

Referring to your letter of 16th
instant, I have pleasure in enclosing herewith letters
of introduction to our various Managers for Governor
You will note that these letters
Strong and his party.
have been signed by our President, Dr. Holder, for I
understand that Mr. Basil Miles, who is with Governor
Strongts party is an old friend of Dr. Holder's.
If there is anything further I can
do, I trust you will let me know.

Trusting that Governor Strong and
his companions will have a very enjoyable trip, I am
Very truly yours,

TFA/NM

Vice

President.




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FarZ. rt r
.

-

-

4 \kJ Dr.71-4pr,uruary 23, 1920.
A.,

rEn et e

it.zzat
T. Fred. Aspden, Esq.,
Vice-President, ?r,rk Union Foreign Banking Corporation,
56 11111 Street, New York.
Dear Mr. Aspden:

Thenk you very, much for the letters of introduction

to your various menagers.in the Et for Governor Strong Lnd his

rty.
I nm sure your courtesy in this matter will be a,,;recited by Mr. Stronc!.
Very truly yours,

J. H. Case,

Acting Governor.




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E..ks°1
WALL STR EET.
STREET.

^.EW YORK.

INTERNATIONAL BANKING CORPORATION.

BRANCHES.
BATAVIA.

PEKING.

BOMBAY.
CALCUTTA .
CANTON.

PUERTO PLATA.R.D.
RANGOON.
SAN FRANCISCO.

C

SANCHEZ.D.R.

COLON.

SAN PEDRO DE MACORIS.
SANTO DOMINGO.
SANTIAGO DE LOS CABALLEROS.

HAN KOW.
HAP BIN
HONGKONG.

U

29th September

ig 20

SHANGHAI.
SINGAPORE.
SOUR ABAYA
ME DE LLI
TI E NTS N
YOKOHAMA.
PANAM A.
LONDON OFFICE.

KOB
MAN I LA.

36, B 'SHOPS GATE, E.C. 2.
TELEGRAPHIC ADDRESS,

-STATESBANK:'




Benjamin Strong Esq.,
The Europe Hotel,
Singapore.

My dear Mr. Strong,

I have duly received your letter of date

regarding the box to be consigned to Mr. George Beyer, and
you may rest assured that this matter will have our best
attention.

Yours sincerely,




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2obru. ry LL3, 1920.

Li. D. Glirrie,

Cashier, International Banking Corp.,
Y.
55 'Ian Jt., New York,

r. Currie:

Deur

Governor Strcug, who is

fron the :lark LA :present on

r.,.uLtion, has written me from the ;est that he plans t.king a trip
througL ths

t inc lud ing Japan, China, Java,

leaving :731,;:z Francisco in t,he e trly pazt of April.

, Ciewlon , etc.
The Governor /las

kc1'tie to see if you will ive hi= letters of introduction to your
offices in the 2a4.4t. His party will include i. Basil :11os, formerly

of am. 3tato:, Defiztillent, and his son, .3onjari1 ,itrong, Jr., nd the
Governor is r...nidous to halvc all letters of intr6duction inaude
The Governor desires to o.-rri those letters with Itin, Eald if you `71:1l

send them to me, I will see tiLt they are for.rded to hiL. long with
other letters of i.4 similar nature wittioh we ..,re 4...rocuring.

Assuring you that yetu. coiipliance with this re test will be

ly approci-ted, Ibog to remain
Very truly yours,

H. Cast,
Lcting Governor.
WAS/LIK



BATAVIA
BOMBAY
CA LC U TT A

CANTON
CEBU
COLON

'Jfittentational Ic6ankiit# Towaration

HAN KOW

,RBIN
G KONG
KOBE
LONDON
LYONS

55 WALL STREET

FR_

CABLE ADDRESS

MAN I LA

IN BAN COR
NEW YORK

PANAMA
PEKING

NEW

PUERTO PLATA
RANGOON

YORK

February 20, 1920.

SAN FRANCISCO
S. R. OE MACORIS

SANTIAGO. a R
SANTO DOMINGO
SHANGHAI
SINGAPORE
SO U RABAYA
TI ENTS IN

,31.

YOKOHAMA
SANCHEZ

fki\P, 10 1711::Prt:

TS I NGTAO

Mr. J. H. Case,
Acting Governor,
Federal Reserve lank of N.Y.,
New York.

,

13,yda,

Rsssiv-s

Vait

Dear Mr. Case:-

As requested in your letter of February
18th, I enclose letters of

ntroduction to the Managers

of our Far Eastern Branche

for Gdvernor Strong, his son

and Mr. Basil Miles.

We are advising our Eastern Branches of
Governor Strong's proposed trip and we know it will give
them great pleasure if tiey can serve him or his party
in any way.




very truly,

iYours
Cashier.

(Ar\c,/

Februsry 2, 192).

X. D. Currie, Eq.,
Cnshier, Interi%

6nking Cori:ortion,

New York,

Desr Mr. Currie:

Th-,,-1( you very much for the letters of introiluctic.n
to the managera'ef your F..1- Eastern branches, for Governor Stront7,

his son, and Mr. basil Mile,.




tm Fure-Governor Strong

a.pxeciate your courtesy

ir this matter.
Very truly yours,

, F.

Case,

ing Governor.




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Fobrukay A), 19ZO.

Dmvson, Esq.,

Vice Presidont, Asia Banking Corporation,
35 Broadway, new York, K. Y.

Dawson:

Govornor Strong, who io away from the Bonk at nrosant on

a vacation, ha s written .me fral the dest that he pions Ckirr a trip
toroug) the East including Japan, China, Java, India, Ceylon, etc.
loo.ving Set Francisco in the early pilrt of April. Tao Governor has

skod mo to see if you will give hio lottors of introduction to yrsur

offices in the :aot. Uis party will include r. Basil lies, formcrly
of aur 3tato Dcpartmont, and hill son, Benjamin .trong, Jr., and the

-arnor is anxious to have all /otters of introduction includo them.

Govornor deoires to carry these lotterowithhim, and If you will
send them to mo, Iwill soc that they are forwarded to hi along uith
other letters of a similar nature viLichwe are procuring.
,ossuring you that your coplionce with this request will be
Ly appreciated, d beg to remain

Tory truly yours,

. U. eaoe,

_tine Governor.




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CEBU

CO

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3littcxuatiii nal

/lank* Torporation

OW

HAP BIN
HONG KONG
KOBE
LONDON
LYONS
MANILA

60 WALL STREET
CABLE ADDRESS

INBANCOR
NEW YORK

PANAMA
PEKING

NEW YORK

PUERTO PLATA
RANGOON

al)
1/1,t/144_3 / f2.

SAN FRANCISCO

S. P. oc MACORIS
SANTIAGO. D. R.
SANTO DOMINGO
SHANGHAI
SINGAPORE
SOURABAYA

261. tg 83i

TIENTSIN

YOKOHAMA
SANCHEZ
TSINGTAO




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February 24, 1921.

My dear Sir:

Thank you for your note of thoOrd instant,
enclosing communication which reached me through your
Bombay office.

Yours very truly,

G. Denzan, Esq.,
intern,Aionat Banking, Corp.,

60 Wall St.,

New York, N.
BS:MM




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P.)

Z

January 13th, 1915.

.y dear Straights
man in Ahem I an interested came in to see me to-day about

getting a position.

He is an Austrian b;,./ birth, but has spent many

years in Germany in Charge of the export department of a large manufac-

turing concerrrand, I believe, has arganized foreign agencies and distrtbuting facilities for annumoor of manufacturing concerns.

He has lost his position by reason of the death of the man with
whom he was to be associated in business, and is anxious to get in touch
with some firm or oornoration which is conteciplating extending its business in South Ar.erica, where ho has already had some business experience

and feels that he can be of value to some American concern in he development of Zouth American trade.

Ho speaks (em

but does not speak

Spanish.

Aan you mako any sugestion where I snould direct him for in3rmation along these linos?

He is a married man, but I think could

2range to go to South America if that were necessary, or night be com-

petent to under take the work from this end along the lino of South
American business connections.

Thanking you in anticipation, I am,
Very truly yours,

wil lard. 1).0=4,Las.,.
23 vall Street,
New York City.
BSJr/VOU




January 14th, 1915.

Benjamin Strong, Jr., Esquire,
Federal Reserve Bank,
62 Cedar St., New York.
Dear 6ir:

In the absence of Mr. Straight I beg to acknowledge reM.* MOM....

x

ceipt of your letter of the thirteenth of January.
I am expecting Mr. Straight to be back in the city
within the next two weeks, and shall be glad to bring your letter to his attention upon his return.




Yours very truly,

a




Juno 8th
1 9 1 5

My dear Ur. Straight:
Can you give me pny information in regard to

who are behind the plans recently mentioned in the
newspapers for the establishment of a ahinese-American
Bank?

Did the matter really have substantial backing,

or was it just a "flash in the oan?,,

send me will be much appreciated.'
Very truly yours,

Messrs. J. P. Morgan

Willard.,Care

23

all (.2treet,

New York City,
BS

Jr/Val

Dictfted by Mr. Strong but
signed in his absence.

e,

Co,

.Anything you can




Z-TA,11

INa :DEFT

WILLARD STRAIGHT
TWENTY.- TFIR_EE WALL STREET
-IsTEW Iro RTC

'*101.4

ittlA0f

t-

My dear Governor:

I am taking the liber y of giving this note
of introduction-to you to Mr. 3rinivas R. Wagel, who
for some 'years was connectetwith the staff of the

North China Daily News of Jhanghai, and has written

some very interesting W ks on Chinese finance.

He has

been in New York for s me months and you may have seen

his contributions to .he Annalist and the New York
:±lvening Post.

Any cou ,esies which you may extend to Ya..

Wagel will be

tly appreciated.

Sincerely yours,

The Honorable
Benjamin Strong,
Governor, Federal Reserve Bank,
62 Cedar Street, New York.
,

WILLARD STRAIGHT

TWENTY-THREE WALL STREET
1,TEW YO

September twenty-fourth,
1 9 1 5.

my dear Governor;

I have taken the liberty of giving a note of
introduction to you to Mr. Srinivas R. Wagel, who for so ae years

was connected with "The North China Daily News".

He has writ-

ten some valuable works on Chinese finance, and during his stay
in this country has published several articles in "The Evening
Post", the "Times", "The Annalist" and elsewhere.

He is very

anxious to continue his writing in this country, and whether or
not you agree with his views, I believe you will find him a most
intelligent ani interesting person; cyperwise I should. not pre-

sume to send him on to you.

Bespeaking your courteous consideration for Mr. Wage',
believe me, with kind regards,
Sincerely yours,

The Honourable
Benjamin Strong,
Governor, 'Pederal Reserve Bank,
62 Cedar Street, New York City.







September 27th, 1915.

Dear Mr. Straight:

Thank you for your favor of the 24th

inst.

I shall be very glad indeed to meet

he °ails.

Mr.:I/alga

Very truly yours,

Allard trait
'Talr-rtre

New York City,
VeM

P

WILLARD STRAIGHT
ONE TWENTY BROADWAY
NEW YORK

July fifteenth,

1916.

My dear Governor:

You are so charitable that you will have thought
nothing of my failure to cone in to see you before your departure,
but I assure you that you were constantly in my mind and that time
Of course the answer is that, if one

and again I, tried to get up.

does not do it, one does not; but the fact is that, since I last
saw you at India House, I have been completely swamped with Chinese
matters.

I have rarely left the office before six thirty, and have
in many cases had to stay in Town for the evening.

I have a family

at home which feels that I have been showing them no attention whatsoever and, as you may surmise, whenever I did get away from the office I was anxious to get home as soon as possible.

Things were ligh-

tening up a bit and I hoped to get up to see you, when I learned you
had already gone.
I have been very much distressed to hear that you may be
away for some time.

I hope that wherever you are you may find life

pleasant and congenial, althaagh with your many interests here, inactivity must be very irksome.
Of course with your London experience you will have very
many things to think about.

I am sure a period of rest will do you

good and bring you badk with many new ideas and with the punch to put
them aver.



0
I just learned to-day that you have resigned as a member of India House.

Of course you know your own affairs best, but

I am especially sorry to have you withdraw for it was always a pleasure to see you there, and we rant you for a -71ember of the Club. I

mould not suggest that you reconsider your decision, but I sincerely hope that you may.
You have so many friends in New Yoxik that I suppose there

is nothing I can do for you but, if at any ttm anything should occur
to yoU that you mould like to have me do, please let me know.
With warmest wishes, believe me,

Very sincerely yours,

Benjamin Strong, Jr., Esquire,
120 Broadway,




New York.

-What would you think og Lloyd Griscom as a representative
for the Corporation in London ? We have said nothing to
him about it, but Nelson Perkins and I were talking the
matter over and he suggested that we try to get your views.

11:;0041,

13-41gml

/

Estes Park, Colo., Aily 22, 1916.

Willard_ZraAaht,
127-16n5dway,
New York City, R.Y.

My dear Willard:

Your nice letter of the 15th has just reached me.
I was disappointed not to have a visit with you before leaving
but finally pulled out a few days earlier than I had expected
and besides that was in bed most of the time. I certainly
know how busy,you must have been and are likely to be if the
Chinese loan matter gets active again. Wien in London your
friend (Jir Charles Addis displayed a go E-de 1 of interest in
the possibility of our bankers again,
°rept in the
loan and I am wondering whether you ,threshed
out with him
when you were there; doubtless you cil#.
11

As you say, it has distressed me a go0/6eal to have

to submit to this banishmer
1en tS-werk at the bank
was getting in such shape /t41).t
ld th4w-part more as an
on-looker.
I suppose it 4I one of he penalties of dissipation
whether of business or th (other ki 4.
It will not interfere
with my continuing 1ç e A,undert en in London as I am going to have a little 6ffic *tut_
s' and that matter can be
handled by correspond
.
IML_the'other hand, it will of course
be much slower than i
lere in New York.

MY resigna

V,
Membership in the India House was
stily. I was engaged in pulling

ph fro

consider too
out a çt of roots
resigned from a lot of clubs; in fact
two of tiqe,,Down-Tota-elubs, as I was a member of three, but
If you fellI7that-mj judgment was bad and it is not too late,
tell themE* UnaUp my resignation and I will reconsider it
possib

.

after I he been out here some months and see how I am get-

ting alo

I)

I mild like mighty well to hear from you

If you ever have time

to write.

About Lloyd Griscom,

now and then,

I know him very slightly and

my
views of his capacity to represent the corporation in London
are probably not nearly as good as others that you are consulting.

Two or three things occur to me however that you
doubtless have considered. He has been spending a good deal
of his time and study in diplomatic matters and may have lost
his "business touch" so to speak. I am not sure that he has

the vigorous punch that is essentially needed for that position. Prom what I know of him, he has a splendid mind_ and




2.

a great deal of ability, but my only doubt - and itais
rather a serious one organization in Londondevelop suf- is whether he would to measure up
ficiently aggressive the very active crowd which is
to the standard set by
I am
now connected with the corporation. On the WholePerkins
ally don't you send iielson
inclined to doubt it.
over?

If you see any of the boys at 1718 H. Street, please
give them my 3,ove and ask them to writo<rd---- Ay best to you
and thank you again for your letter. 7,/-




1

Sincere];

ours,

i,e1174/

WILLARD STRAIGHT
ONE TWENTY BROADWAY
NEW YORK

Augul9eventh,
di 1

ker.

My dear Governor:
Very many
August.

thanks

for your letter of the twenty-second of

I am glad that you are willing to reconsider the question of

your resignation from India House.

We should hate to lose you as a mem-

ber.

There has been a great deal of activity lately in the Chinese loan matter, but for the present, at least, I think it has rather subsided.

If

you have followed the accounts in the "New York Times" you are pretty
familiar with the present situation.

I had hoped very much that we might

work out some scheme whereby American intereat in the International Group
might be revived, but for the present at least, this seems impossible, although I feel sure one of these days it will be revived again.

I am

rather hoping I may have an opportunity to go over to London sometime this
autumn to take this matter up.

Ever since my return from the other side we have been trying to find a
suitable representative for London.

We tried to persuade Nelson Perkins

to go over, but he was unwilling to take on the job.
his attitude when lartve talked.

It may be that after further conside'ra-

tion he will be willing to change his mind.
pects to return very shortly.
him rather as you do.

At leaet that vas

He is now in Seattle, but ex-

Many of Lloyd Griscom's friends feel about

They recognize the importance of his London connec-

tions, but doubt his business punch, so that I imagine we shall do nothing
further in that direction.

I hope that you are profiting by your stay in Colorado.



We all miss you

2

here and hope that you will be back with us very shortly.
Fletcher is spending sometime in Washington, but expects to leave the end of
this week.

He tells me he expects to get off to Mexico sometime within the next

six weeks, but from the way things are going down there I doubt very much if his
hope will be realized.

Basil, I believe, has gone to Plattsburg.

George

Marvin is somewhere on the border.

If there is anything I can do for you at this end please let me know.
With best wishes always, believe me,
Yours ever sincerely,

Benjamin Strong, Esquire,
Estes Park,
Colorado.




C,17-4-eeel 1\.1)

Estes Park, Col.,
September 5th, 1916.

My dear Willard
Since receiving yours of the 11th, I have been trying
to think of a suggestion that would help you auJin your dire.
ficulty about a London representative.
need is hard to

The

tyfØ

find because so few Amirri-aanA

,

of man you
been educa-

ted in foreign matters.

After considering a.

a good many names, I

ec

,

has so far occurred to me

am led to believe that the beats.
'-:-----

is an engineer by tfirname

ready know.

Cov

\)

dala d some;e fry
\\,,t
1.1

which

\

/Was a member,

i

ale whom, possibly, you al-

good work for the Committee of

TiWf reorganized the Southern Iron & Steel

71

1

Compa y and is nOwlknown as the Gulf States Steel Company.
.i',/
,

He

1*i/report and his advice was good and has turned
Platten, of the U. S. Morthgage & Trust, was Chair-

mede an

out well.

man of the Committee

and knows

a report for Flatten's

about his work.

He, also, made

Committee which represented some of the

security holders of the Chicago, Eastern & Illinois Railroad
Co.

He was educated ac an

experience.

engineer,

but has had some business

i think tarry Bronner, of Hallgarten & Co., also

knows something about him.

The thing whice impreesed me most about Coverdale was

that he had a good deal of energy and punch, and the ccurage of



-2
To

Willard Straight, Esq.

his convictions.

his an

Sept. 5, 1916.

excellent

address, is a good talker

and gives a &neral impression of knowing his

On the

businesf,..

whole, I think it would be worlb while to look him

up through the

channels I suggested and such others as you can discover.
Of course, I have no knowledge as to whether he
interested or

been fairly

not, but I have the

id have to pay

salary*

Since hearing from you

party of

general idea that his work has

profitable recently and that you

him a pretty good

might be

lesti_laalrej ned that noble

globetrotters known

Street

///
grateful to you and the eth,af for

pr,ktting

am deepjly
me this pleasure

and honor.

Things are/
and downs, but I 4lieve wit
Basil wr
days f r

ill w

you se

me th

expected out here

some
h

toady improvement.

is off for Russia in a

h some so

rather4

eff fever down on the Mexican border.

1eRse give him my love.

Very sincerely yours,

Willard Straight,. Esq.,
120 Broadway,
New York City.




fe7

n indefiniU.Ataj and I hear that George Yarvin

good self,Thilio.

BS/VCE

with ups

If

My best to your

6471,

WILLARD STRAIGHT
ONE TWENTY BROADWAY
NEW- YORK

September twentieth,

1916.

My dear Ben:

Very many thanks indeed for your letVer of the fifth of
September, regarding Coverdale.

We have alre* taken steps to look

him up.

It was very good of you to take

1 much trouble trying to

help us out, and the more one thinks of i#, the more one realizes the
importance of having the right man in London.

Things are moving pretty raprly these days on the other side,
and we should certainly be in a positAon to watch them intelligently.
I was delighted to hear that, you have joined the brotherhood,

and we are all looking forward to )he time when you will be back again
and we can have a real welcoming /party, for I still hold that - I never

having been present, you have nOver been properly installed.

We had a very nice dinner the other night for Basil, just befare he started for Russia,
ceived.

/

and sent you a telegram which I hope you re-

We all missed you very much and wished you could have been with

us.

There are a lot/of things going on here which I should like to
talk over with you but, if you will play around Estes Park, I suppose I
shall have to go without the benefit of your advice.
With best wishes always, believe me,

Very sincerely yours,

Benjamin Strong, Esquire,
Estes Park,




Colorado.




WELLARD STRAIGHT
ONE TWENTY BROADWAY
NEW YORK

4/0 h

PlA. November Eleventh,
1 9 1 6

.

My dear Governor:

Just a word of cheer on the result of the
election.

I presume that you are delighted.

We all are -

in fact I have never seen Wall Street so cheerful.

They

really are so fond of Mr. Wilson, We have heard of nothing
else for some time; but there are those who say you had better look out for the U-boat outbreak or controversy in the
very near future.

Personally I am rather of the opinion

that some storm will appear on the horizon before very long.
As far as the American International Corporation goes,

we are still looking for a man for London.

We have just ar-

ranged with Mr. Peixotto, who you may remember is President
of the American Chamber of Commerce in Paris, and in charge
of the Equitable Life Assurance Society in France, to act
for us in Paris; but the London job seems harder to fill.

I had a teak with your friend Coverdale, and have spoken to Mr. Stone about him - but whom we will decide upon,
or whether we will ever decide upon anyone, I do not know.'
Incidentally, I hear from India House that your dues
are now due, and they want to know Whether your resignation
is effective or not.

I sincerely hope you will not resign.,

We could easily transfer you, if you wish, to Non-resident
Membership.
arrange it.

If this is agreeable to you I shall be glad




I have seen our friends at Seventeen Eighteen corn-

paratively recently, and they all seem very well.

Fletcher

has been back and forth between New York and Washington,

and seems to be getting in training for his new job in
breaking hearts here.
With best wishes always, believe me,

Yours ever sincerely,

The Honourable
Benjamin Strong,
Estes Park, Colorado.




ite.C.ISISSIN

NEWCOMB CARLTON, PRESIDENT

21 D G

RECEIVED AT

18

ROSLYN NY 330 PM DEC 25
HON BENJ STRONG,

ESTES PARK COLO.

OUR XMAS WILL BE MERRIER IF WE FELT
WERE COMING BACK SOON HOLIDAY

SURE YOU

GREETINGS TO ALL.

WILLARD STRAIGHT.
421PM




WESTE

Form

2.589

.4=7k.-S-Na
WESTERN UNION

_

DAY

GEORGE W. E. ATKINS, VICE-PRESIDENT
/ER'S No.

NEWCOMB CARLTON. PRESIDENT

TIME FILED

BELVIDERE BROOKS VICE-PRESIDENT

CHECK

SEND

the following Day Letter, subject to the terms
on back hereof, which are hereby agreed to
COPY.

Estes Park, Colorado,
December 28, 1916.

Willard Straight, Roslyn, N. Y.

Your welcome greetings were phoned to the top of the Rockies
where we are spending the holidays two miles above the sea and forty
miles from railroad in zero weather. Warmest greetings from the children
and
Ben Strong.




ALL

DAY LETTERS TAKEN BY THIS COMPANY SHALL BE SUBJECT TO' THE

FOLLOWING TERM:...

The Western Union Telegraph Company will receive
DAY LETTERS, to
be transmitted at rates lower than its standard telegram rates, as follows:
one and one-half times the standard night letter rate shall be charged for the transmission of fifty (50) words or less, and one-fifth of the initial rate for such fifty
words shall be charged for each additional ten (10) words or less.
To guard against mistakes or delays, the sender of a day letter should order it REPEATED, that is, telegraphed back to the originating office for comparison.
For this, one-half the unrepeated day letter rate is charged in addition. Unless otherwise indicated on its face, THIS IS AN UNREPEATED DAY LETTER
AND PAID FOR AS SUCH, in consideration whereof it is agreed between the sender of the day letter and this Company as follows:
The Company shall not be liable for mistakes or delays in the transmission or delivery, or for non-delivery, of any UNREPEATED day letter, bev,nd the
amount received for sending the same; nor for mistakes or delays in the transmission or delivery, or for non-delivery, of any REPEATED day letter, be d fifty
times the sum received for sending the same, unless specially valued; nor in any case for delays arising from unavoidable interruption in the working ca
lines;
nor for errors in obscure day letters.
In any event the Company shall not be liable for damages for any mistakes or delay in the transmission or delivery, or for the non-delivery, of this day
letter, whether caused by the negligence of its servants or otherwise, beyond the sum of FIFTY DOLLARS, at which amount this day letter is hereby valued,
unless a greater value is stated in writing hereon at the time the day letter is offered to the Company for transmission, and an additional sum paid or agreed to be
paid Lased on such value equal to one-tenth of one per cent. thereof.
The Company is hereby made the agent of the sender, without liability, to forward this day letter over the lines of any other Company when necessary
to reach its destination.
Day Letters will be delivered free within one-half mile of the Company's office in towns of 5,000 population or less, and within one mile of such office in
other cities or towns. Beyond these limits the Company does not undertake to make delivery, but will, without liability, at the sender's request, as his agent and
at his expense, endeavor to contract for him for such delivery at a reasonable price.
No responsibility attaches to this Company concerning day letters until the same are accepted at one of its transmitting offices, and if a day letter is sent
to such office by one of the Company's messengers, he acts for that purpose as the agent of the sender.
The Company will not be liable for damages or statutory penalties in any case where the claim is not presented in writing within sixty days after the day
letter is filed with the Company for transmission.
In further consideration of the reduced rate for this special .DAY LETTER" service, the following special terms are hereby agreed to:
DAY LETTERS may be forwarded by the Telegraph Company as a deferred service and the transmission and delivery of such DAY LETTERS is,
in all respects, subordinate to the priority of transmission and delivery of regular telegrams.
DAY LETTERS shall be written in plain English. Code language is not permissible.
This DAY LETTER may be delivered by the Telegraph Company by telephoning the same to the addressee, and such delivery shall be a complete
discharge of the obligation of the Telegraph Company to deliver.
This DAY LETTER is received subject to the express understanding and agreement that the Company does not undertake that a DAY LETTER
shall be delivered on the day of its date absolutely and at all events; but that the Company's obligation in this respect is subject to the condition that there shall
remain sufficient time for the transmission and delivery of such day letter on the day of its date during regular office hours, subject to the priority of the transmission of regular telegrams under the conditions named above.
,

No employee of the Company is authorized to vary the foregoing.

THE WESTERN UNION TELEGRAPH COMPANY
INCORPORATED

NEWCOMB CARLTON, PRESIDENT

CLASSES OF SERVICE
TELEGRAMS
A full-rate expedited service.

NIGHT TELEGRAMS
Accepted up to 2.00 A./o. at reduced rates to be sent during the

night and delivered not earlier than the morning of the next ensuing
business day.

DAY LETTERS
A deferred day service at rates lower than the standard telegram
rates as follows: One and one-half times the standard night letter
rate for the transmission of 50 words or less and one-fifth of the
initial rate for each additional 10 words or less. Subordinate to the
priority of transmission and delivery of regular telegrams. Must
be written in plain English. Code language not permissible.

Telephonic delivery permissible. Day Letters received subject to
express understanding that the Company only undertakes delivery

of the same on the day of their date subject to condition that
sufficient time remains for such transmission and delivery during

regular office hours, subject to priority of the transmission of regular
telegrams.

NIGHT LETTERS
Accepted up to midnight for delivery on.the morning of the next
ensuing business day, at rates still lower than standard night telegram
rates, as follows: The standard day rate for 10 words shall be charged
for the transmission of 50 words or less, and one-fifth of such standard
day rate for 10 words shall be charged for each additional 10 words or

less. Must be written in plain English. Code language not permissible. Mail delivery, postage prepaid, permissible.

MAYOR'S COMMITTEE

ON

NATIONAL DEFENSE

ROOM 2028, MUNICIPAL BUILDING, NEW YORK.
WILLARD STRAIGHT, Chairman
Executive Committee

Treasurer

Lewis L. Clarke

Cleveland H. Dodge
William N. Dykman

John Mit

I 28 Broadway

APR2

George W. Perkins
Alfred E. Smith

Willard Straight

Telephone: Worth 905

exper M. White

1917

March 28, 1917.

Mr. Benj. Strong, Jr.,
62 Cedar St.,
N. Y. City.
Dear Sir:
As a member of the Mayor's Committee on National Defense

you will realize the importance of an immediate census of the individuals composing that committee.

For effective work those in

charge of the Committee rflust know the precise extent to which they

can call upon each member.

Will you, therefore, fill out and sign the enclosed
questionnaire and mail it immediately to the Committee Headquarters, Room 1820, Municipal Building.




Sincerely,

Chairman Executive Committee

;7.-ero

IMMEDIATE and IMPORTANT

.

Name
Address

(Please fill out and return at once to Mayor's Committee,
Room 1820, Municipal Building)

How much of your personal time and attention can you give to the
Committee during the next thirty days?

How many men or boys can you place at the disposal of the Committee
during that period?

How many automobiles, trucks or motorcycles can you place at the
disposal of the Committee?

How many motorboats?

Describe Lengths, Beam, Draft, Speed.

That other material aid, either in facilities or equipment can you
offer the government in case of war?

How much will you contribute, if called upon, toward defraying the
expenses of the Committee?

What suggestions have you to make as to the most effective employment of your own energies and the energies of the Committee.?

Your house

What is your office telerhone Number



(Sgd)

Willard Straight,
Chairman, Ex. Corn.

i"

Denver, Colorado,
April 2, 1)17.

dear Allard:
Your notice of larch 28th has just reached me and I very
greatly regret my inability to be on hand and Performing some duty
in connection

mith the mork

of the Aayor's Corimittee on National

Defense.

If my place should be filled by someone else, please don't
hesitate to drop me.

1 will be bacc sometime this summer and, of

course, ready to do anything in my power.

4ery sincerely yours,

Allard

Strafga,

Esq.,

Chairman Daicutivo Committee,
Rm. 2028 Uunicipal Bldg.,
New York City.

BS/CC




44,




WILLARD STRAIGHT
E3PM, ONE TWENTY BROADWAY
NEW YORK

JUN - 5 1917

June second,
1 9 1 7.

-2-4a,""7.73 BUM

Dear Ben:

This is a reminder that you
are to dine with. me on Tuesday evening,

June twelfth, at eight o'clock, at The
Links, 36 East Sixty-second Street, to

meet His Excellency E. de Cartier de
Marchienne, Belgian Minister in Washington.

Sincerely your

//
Benjamin :Strong, Jr., Esquire,
Federal Reserve Bank,
15 Nassau Street,
New York City.







'7)

#

40 till,C41-ri

0

k)(3Ck4C-442

Hotel Ritz, Paris,
July '1, 1919.

My dear Mr. Poixotto:

Many thanks for your card just received.

I am looking forward

to the pleasure of seeing you on my return from the north in about
ten days, as I am now on my way through to Brussels and Amsterdam

Hoping that you keep well, and with cordial regards, I
Sincerely yours,

M. Percy Peixotto, Esq.,
c/o American International Corporation,

2 hue des Italians, Paris.
BS/V




am,




1.1(T

Ii'

0 OFF

c

INTERNATIONAL BANKING CORPORATION.

WALL ST R LET,

A-AEW YORK.
qr.
R AN CHES.

TELEGRAMS

CA L"TTA.

MANILA.
MEXICO.

CANE

PANAMA.

CEBU.

PEKING.

CO LON.

SAN FRANCISCO,
SHANGHAI.
SINGAPORE.
YOKOHAMA

BOMBAY,

EMPIRE.
HANKOVV.
NGKONG,

"STATESBANK" BOMBAY

21st

Qctbr... 49_2a_

KOBE.
LONDON OFFICE.
36,ESISNOPSOA1E, E.C.




,Dear Mr. Strong,

I have just heard from our Calcutta
I am looking
Manager of your arrival in India.
forward to our meeting sometime next month. If you
can at this stage give me some idea as to when you
expect to arrive here, it would be of considerable
help to me in arranging to make your visit to Bombay
I should like you to meet
as pleasant as possibi,e.
some of our leading men and to enable me to arrange
this it will be necessary to fix the date somewhat
ahead.

I append at foot a list of our principal
clubs, of which I am a member, and I should be very
pleased to arrange for yourself, your son and Mr. Basil
Miles to be made temporary members for the period of
your stay here if you so desire it.
Yours sincerely,

Benjamin Strong, Esq.,
c/o International Banking Corporation,
Calcutta.

Byculla Club,
7oyal Bombay Yacht Club,
Bombay Club,
Willingdon Sports Club.

TELEPHONE N?. 445

INTERNATIONAL BANKING CORPORATION
BOMBAY

LC el-

/O/c,




7,,

G-./e

-

a




)
r\

G

hi/

41-'0

,1

(107f,tfaeiim

9/




AMERICAN INTERNATIONAL CORPORATION
120 BRO_ADW_A_S,

NEW --Yo

September 22, 1921.

Mr. Beyer,

Office of the Governor,
Federal Reserve Bank,
15 Nassau Street,
New York City.

Dear Sir:

I hand you herewith data obtained from New York
Shipbuilding Corporation in response to request from Mr.

Snrer.
I shall be glad if you will

see

that these letters

and memoranda are returned to MX. de Taube when you have

finished with them.

Very truly yours,

to..

TWI:MS

A

N.Y S CORP. FORM 307

-4
S-2 22

NEW YORK SHIPBUILDING CORPORATION

8

NAAIN c)F-F-icE AND vvORKs
C0111).

INTERN.L.L

CAM DEN, NEW JERSEY, U. S. A.
CAMILE AIZ FR ESS

PAM RV] W"

cANADENJ Se t. 21

1921.

AMERMANINTERNATIONALCORPORATION

Mr. N. DeTaube, Vice Pres.,
New York Shipbuilding Corp.,
#120 Broadway,
New York City, N. Y.
Dear Mx. DeTaube:-

rigrERRED TO-

Mr

NOTED:

ANsWERED:

..L.,.........

Mr.
Mn

M,

Replying to' your request of the ninteenth instant, I am
attaching hereto a statement showing the payrcll force in the
New York Shipbuilding Corporation from august 28th, 1920 to .. ugust
27th, 1921.

You will note that during this period the payroll was
reduced 6604. You will also note that we hired during this period
7660, which made the total number of men handled 20,056. This
means that 14,264 men left the employ of the Company during the
past year. Of this number, 7868 left of their own accord. We
can assume that they had better jobs to go to.
This would seem
to me that half of the men leaving our eaploy during the past year
received jobs immediately,outside. We can not assume however that
they are working at present as we know nothing whatever about it
except hearsay, which latter indicates that vast numbers of them
are out of work.
It is interesting to note that a year ago we only reduced our farce in one month by 128, whereas 1474 voluntarily quit.
2his ratio continuously changes and reverses itself,until August,
1921 when we reduced our force by 1829 and only 184 voluntarily
quit.
Of course we can assume that some of the men laid off
obtained work elsewhere, but we can only say definitely that 184
during august saw better opportunity for either higher wages or
more regular anployment elsewhere.

I believe that the only way that definite figures could
be obtained to show unemployment in any district would be to have
a definite report from every employer within that district as to
the number of men he had working for him six months or a year ago,
and the number of men he has working for him at present.
Such
figures would be almost impossible to obtain.




I personally think that reports from a group of employers

1411147Mr.

DeTauba----42

such as is gotten out by the Metal Trades itssociation only shows
conditions in that particular group, and possibly indicates the
general employment condition. I think however that any statement
purporting to show the percentage of unemployment bused on such
figures is erroneous and exaggerated, for reason that Di.my of these
industries have practically shut down, while on the other hand new
lines of work have opened up to absorb to some extent such labor
thrown on the market, and it is not reasonable to suppose that one
out of five workers is out of employment, and the figures published
by the Department of Labor showing an uneaployment of approximately
six million would mean that.

It would be possible for us to give you a statement showing how many men wee laid off by this Company Who had others
dependent upon them for support. Such statistics are included on
our tabulating machine cards maintained in the Employment Department in the North Yard, but as i explained to you over the telephone
yesterday this would mean the sorting and counting of approximately
60,000 cards, as we file the inactive tabulating cards numerically
and do not separate them for any period of time, and such separation
Would first have to be done by the machine before we could compile
any information between the dates.
de could not do t
two days continuous work and you advised that it would not be worth
while to do this at this time.
I attach also the report from the South Yard giving the
same information.
Trusting that this information will be of assistance to
you and that you will let me know if there is anything further that
I can prepare, I am
Very truly yours,

NEW YORK SHIPBUILDING CORPORATION;

P

Manage
PG/GAS
2




Gendell,
of Employment,

STATEMENT OF WORKING FORCE IN NORTH YARD

BUILDING CORPORATION FROM Aug. 28, 1920 to Aug. 27,1921.
C)
MONTHLY
MONTH

TOTALS
ON ROLL

MONTHLY
TOTALS

RED. in FORCE

MONTHLY
TOTALS

MONTHLY

R8I4NED

HIRED

TOTALS

Aug. 28.

12396

Sept.25.

12263

128

1474

1534

Oct. 50.

12439

171

1501

1842

Nov. 27.

12822

383 (Increase)

745

1318

Dec. 31.

12713

109

643

741

Jan. 29.
Feb. 26.

12444

269

680

468

12096

348

344

263

Mar. 26.

11734

362

467

462

Apr. 30. 10563

1171

646

454

,

May. 28.

9971

592

472

292

Jun. 25.

9468

503

362

202,

Jul. J.

7621

1847

350

84

Aug. 27.

5792

1829

184

0

TOTALS

5792

6604

7868

7660




NEW YORK S

NEW YORK SHIPBUILDING CORPORATION
SOUTH YARD
MAI N OFFICE

CAMDEN, NEW JERSEY, U.S.A.
WORKS

GLOUCESTER CITY, NEW JERSEY
CAM DEN

To tal on roll
first of month
-30-2O

9-25-20

10-30-20
11-

12-31-20
1-29-21

2-26-21
3-26-21
4-30-21
5-28-21
6-25-21
7-30-21

4464
4798
5344
5562
5465
5852
6103
5785
5569
5269

4918
3986




Entrances during
month

1652
2105
1206
795
1066
847
5.75.

6.95

419
294

103
179
9936

The number of men

Terminations
durin month

681
747
387
261
202

1318
1569
988
892
697
596
893
911

245.

290
359
246
196
220
140

719

645
1035
578
10823

resigned are
the terminations during month.

Resi ned

To tal on roll
end of month.

9-25-20

10-30-20
11-27-20
12-31-20
1- '39- '31

4798
5344
5562
5465
5852
6103

2-26-21
3-26-21 5.785
4-30-21 5569
5-28-21 5269
6-25-21 4918
7-30-21 3996
8-27-21 3587

included in
-

Employment Manager.

STATELENT OF WORKING FORCE IN NORTH YARD, NEW YORK sup-

BUILDING CORPORATION FHDLI Aug. 28. 1920 to Aug. 27. 1921.
MONTELY

MONTHLY

TOTALS

TOTALS

TOTALS

ON ROLL

yiONTH

,MONTHLY

TOTALS

MONTHLY

RED. in FORGE

RESIGNED

HIRED

Aug.

28,

12396

Sept.

25,

12268

128

1474

1534

Oct.

30,

12439

171

1501

1842

Nov.

27,

12822

383 (Increase)

745

1318

Dec.

31,

12713

109

643

741

Jan.

29,

12444

269

680

468

Feb.

26,

12096

348

344

263

Mar.

26,

11734

362

467

462

Apr.

30,

10563

1171

646

454

May

26,

9971

592

472

292

Jun.

25,

9468

503

362

202

Jul.

30,

7621

1847

350

84

Aug.

27,

5792

1829

184

0

5792

6604

7868

7660

,

s

TOTALS




'STAT1Z:ENT X 7/ORKING FOXE IN SOUTH YARD, NMI YORK. SHIPSUILDING CORPORATION FROM Aug. 20. 1920 to July 30. 1921.

roll

Total on
of month

Entrances during
month

Terminations
durin month

Resi

ed.

Total on roll
end of month

8..30-20

4464

1652

1318

681

9-25-20

9-25-20

4798

2105

1569

747

10-30-20

5344

i0...30-20

5344

1206

988

387

11..27-20

5562

11.-27..20

5562

795

892

261

12..31-20

5465

12.-31-20

5465

1066

697

202

1-29-21

5652

1..29..21

5852

847

596

245

2.-26-21

6103

2.-26-21

6103

575

893

290

3-26-21

5785

3-26-21

5765

695

911

359

4-30-21

5569

4-30-21

5569

419

719

246

5.-28-21

5269

5-28.-21

5269

294

645

196

6.-25-21

4918

.

*

t

6..25-21

4918

103

1035

220

7..30-21

3986

7.-30-21

3986

179
9936

578
10823

140

8-27-21

3587




The number of men resigned are included in
the terminations during month.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102