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October 19, 19'4. Dear Doctor Ramatya: In response to your letter of August 75 we take pleasure in sending you under separate cover it copy of -rh- Interpretations of Federal Reserve Policy in the Speeches and WetIngs of Ilenjamin Strong." I am much obliged to you for renEng me a copy of your commendary on the Reserve Sank of India Act, en(" 79 shall also be interested in seetng the other book as it appenrs. Very truly yours, A. Ramaiya, Director, Bureau of Economic Research, 50. Sandalpet Street, Madura, India. Dr. BUREAU OF ECONOMIC RESEARCH giNtiami@m-m, 50. Sandaipet Street, MADURA, INmA. A. RA,44 A DIRECTOR. 25th Aug. 34. To Dr. W. Randolph Burgess, Deputy Governor, Federal Reserve Bank of few York, 33. Liberty Street, New York. Dear sir, At my request my publishers will be sending you a copy of my book 'A Commentary on the Reserve Dank of India Act', in which, I believe, you will be interested. I shall be glad to receive any criticisms and suggestions that you may be pleased to offer. If it will not in any way inconvenience you, may he Bureau of Ecook"INTERPRETATIONS ches and wrir ii.o.olmt rublicationsr , and is not present to purthe subjects of entitled 'Toney , I shall send you y truly :-ours, 1 October 2, 1931. Dear Mr. Tead: 4/1 Your leAer of September 30 brings me the disappointment, bd realizing now small has been the distribution of Mr. Strono's book but I suppose there is nothing that can be done about it now. Sic transit 7,1oria Iundi. You are really mach better able to judge.tdan I as to the probable future demruids for the boo's, judglik; from the rules in recent months. I suspect, however, that the economic devel- opments of recent months hvrc driven frog people's minds the series of problems Governor Strong dealt 7Tith. It seems to me that the four hundred remaining copies will be adequate to meA the demand. sincerely yours, 4r. 'irdvay- 'read, C/o Harper & Brothers, East 33rd Sc.reet, New York City. NRB,H HARPER & BROTHERS PUBLISHERS NEW YORK AND LONDON ESTABLISHED 1817 CABLE ADDRESS: HARPSAN1 TELEPHONE:ASHLAND 4-1900 49 EAST 33" STREET, NEWYORK,N.Y. September 30, 1931 Dr. W. Randolph Burgess, 33 Liberty Street, New York, N.Y. Lear Dr. Burgess: I don't like to bother you about details but I think this is sufficiently important to take a moment of your time. e printed the book "Interpretations of Federal Reserve Policy" from type because of some doubt as to whether tnere vould be a need for a second printing. I find now that of the stock of one thousand five hundred which we printed, we have four hundred bound books left. I am wondering therefore if you would see any objection to our destroying the standing type, since the monthly rental charge of this seems to be mounting up. Ordway Tead Editor, Business Books OT:K Leptenber 1, 1931. Dear Mr. 'reads I should like your letter of August think about the suggestion in S:J . whether it would work out. am very doUbtful, however, I think the price ha..7 not been a very important factor in the distribution of this book, and I suspect that the distribution up to this time has pretty well taken care of the people who might be interested. Sincerely yours, Mr. Ordsay Teed, Editor, Business Books, Harper & Brothers, 49 East 33rd Street, New York City. WRBii ;\ HARPER & BROTHERS PUBLIS HERS NEW YORK AND LONDON ESTABLISHED 1817 CABLE ADDRESS HARRSAM TELEPHONE,ASHLAND 4 -1900 49 EAST 33' STREET, NEwYortic,N.Y. August 31, 1931 Dr. T. Randolph Burgess 33 Liberty Street New York, N. Y. Dear Dr. Burgess: I wonder if, from the point of view of distribution to the executives and directors of the Federal Reserve Banks, your book of Yr. Strong's papers has shot its bolt. It has occurred to me that it might be possible to make a snecial printing of the book for such use with a special title page at a substantially reduced price, if a sufficiently large order could be procured, say five hundred or a thousand. 'le might be able to do this for somewhere around $2.25 to 52.00. If this is a wild idea, deposit this letter in the waste basket. Ordway Tead Editor, Business Books OT:dc MSC... AS I44 FEDERAL RESERVE BANK OF NEW YORK ite CROSS REFERENCE SHEET FILE No. (-(6 SUBJECT SEE FILE No. 7/C LETTER 0 DATED L c5////) 12 cA/1- ( , or/ ( g April 130 1931. Dear Mr. read: Many thanks for tho clippings which I am rouraumg herewith, together with a cog; of a lettar I have just addressed to Dana Noyes. Sincerely yours, Mr. 3rdway Toad, C/o Harper & Brothers, 43 cast 33rd Streot, New York City. V/R3.11 April 13, 1931. Dear Mr. Noyes: In checking over recently the publicity concerning the book of Mr. Strong's writings.; find there does not appear to have been as yet any review in the Sunday literary supplement of the New York Times which I am told is the best vehicle for msking a book known to the reading public. been a trifle disappointing. appear to have been sold. The distribution so far has only a little over a thousand copies I am wondering if you would have any suggestions either as to the desirability and possibility of a review in the Times literary section, or any other means of making the book a little better known. You gave it a magnificent news column review in your financial section at the time it came out. I should have thought that there would have been a larger interest in Mr. Strong's writings. may It may be the depression or it an e.cample of the adage 'tic transit gloria mendi.1 With cordial regards. Sincerely yours, 2(5-Ur. A. D. Noyes, C/o New York Times, Times Square, New York. )6,, HARPER & BROTHERS IAC41PUBLISHERS NEW YORK AND LONDON 1).b ESTABLISHED 1817 CABLE ADDRESS: HARPSAM TELEPHONE:ASHLAND 4-1900 49 EAST 3:in STREET,NEWYORK,N.Y. April 10, 1931 Dr. W. Randolph Burgess Federal Reserve Bank 33 Liberty Street New York, N. Y. Dear Dr. Burgess: I am enclosing herewith a sheaf of the reviews and I think you will be impressed by the rather complete coverage by the financial and banking papers of the book. I have been looking over the returns of our direct mail campaign and they have been very disappointing. In fact, we have been unable to find any one type of list that it really pays to circularize in terms of the number of copies sold by mail, -- the one exception being the list If you have of officers of the Federal Reserve Banks. any further suggestions to make about lists, I should certainly like to have them. The ordinary run of bankers' names seems to be hardly productive at all. The sale down to the 1st of April seems to be around 14,500 conies. Ordway Tead Editor, Business Books CT: do Alir GRACE BROTHERS & C?LT1' 147, LEADENHALL STREET, LONDON, E.C. 3. CABLES 8. TELEGRAMS "THEOTZED,LONDONr TELEPHONE: AVENUE 8460. Sta. April 1961. / Dr.7:.RandolDh 3 ut ess., Federal Reserve nk of 1:ew York. ITTE4 YORK: Dear Burgess, it was very nice to hear from you, and very kind of you to send me the book of :1r.Strongls writings. I suppose that when the fourteen points and the Great 7ar are forgotten, the 7ilson administration will be remembered for the establishment of the Federal Reserve System, and one can oily hope that those who like 1:,r.Strong made it successful, will be remembered in those days too. Hopin:' to see :fou over here again soon, and with kindest regards, Yours sincerely, SR /K: March 25, 1951. Dear Spring-Rice: I was reading yesterday Bacteria book on The Imperial Banks, and his reference to the help you had given him reminded me that I had not sent you a copy of a book of iienjanin Strong's writinzs which we have rocely pUblisned here, and I am hastening to repair that omission because I think it is something you will find of interest if you have already procured yourself a copy. not s I often remember with great pleasure the good time you gave me in London. With cordial re;:ards, Sincerely yours, Mr. Dominick Spring-Rice, C/o Grace Brothers & Co., 147, Le,::annall F,'merest, London, E. Co, 3, Englanl. 141C. 4 IM FEDERAL RESERVE BANK OF NEW YORK gke CROSS REFERENCE SHEET FILE NO. 1761 SUBJECT SEE FILE No. '14)i/ LETTER OF 171DATED iet6r /t//Q ,-79/2 et c THIRTY THREE LIBERTY S REET NEW YORK FELIKS MLYNARSKI WARSZAWA, DN. anuary 26th.. 32 FILTROWA 71, DOM 4. TEL. 103-26 0 F,,Z,CEIVED FEB 7-1931 J. E. O., Dear Mr. Crane, After returning from Geneva,I found the writings and speeches of Benjamin Strong,so kindly sent by you. May I thank you most sincerely for your kind memory and assure you that the book will be of remarkable interest to me and will remind me once more of the great work Mr.Strong accomplished. Adding my best regardq,I am Sincerely yours, Mr.J.F. Crane, Deputy Governor Federal deserve Bank of New York New York,N.Y. *gin/ ii'ANIED11C1CDTIP' TiitlEAST1 CCIDWICIPILIVIT CAPITAL AND SURPLUS 200,000 D. C. WARNER. PRESIDENT R.J.Mc DONALD. ASST. TREASURER R. L. BOWEN. Ass'T.TRUST OFFICER E .L. BROWN. TREASURER D.C. MORGAN. SECRETARY E.F. MILLER,Ass'T.TREAs ANDTRUST OFFICER GEO .W. JOHNS ON. VICE-PRESIDENT Ernrom OTT N.Y. January 19, 1931 Mr. L. F. Sailer, Deputy Governor Federal Reserve Bank New York, N. Y. Dear Mr. Sailer: I received, this morning, a copy of "The Federal Reserve Bank and the Money Market", also, Benjamin Strong's Speeches and Writings of "Federal Reserve Policies". I know I will find each very interesting and want to thank you for sending them. With kind regards, I am Yours very truly, President PREF,ES WARSZAWA, DN. January 13, Ii4ANE:7 POLSKIECIA) F 1: eiLA, /1 tr "eq LP UC v-4.44/ near :r.Harrison, The two copies of the collection of the 4ritings and speeches of Benjamin 3trong ma by Mr.Burgess of 7 your Bank, announced in your let t1er of November 5, have reached me some weeks ago. Before thanking you, I wanted to know the book. I just finished reading it and am still under the powerful impression of the inspiring ideas and the inexhaustible spirit of a great mind. Please accept my most sincere thanks for having sent me these valuable books. One of the copies will remain on my personal bookshelves, while the other will be a welcome contribution to the library of our Bureau of .]conomic Research where it will be available to the entire staff of the Bank and students of economics outside of it. Thanking you again, I remain, dear Er.Harrison, yours very sincerely, Dr./adys/aw 'grablewski, President of the Bank Pol The Honorable Georges Harrison, .overnor, Federal Reserve Bank of New York, New Iork 14*1 R, HARPER & BROTHERS PUBLISHERS rif NEW YORK AND LONDON ESTABLISHED 1817 CABLE ADDRESS HARPSAM TELEPHONE, ASHLAND 1900 49 EAST 33° STREET,NEwYoRic.N.Y. January 12, 1931 Randolph Burgess, 33 Liberty Street, Yew York, Lr. Dear Er. Burgess: Of course, the ultimate decision rest with you. I am only going on the claims of our college textbook salesmen that they can further stimulate the sales when the new edition is available. You probably saw the excellent review in yesterday's Sunday Tribune of the new book. Cordially y ORDWAY MAD -Economic and Busi_es:: Books OT:K 6 January 1931. . 417 Ge-17) ,VoidAwernecco--- Dear Mr. BU i L ss, e Let my congratUlate you on your excellent idea to have edited the book "Interpretations of Federal Reserve Policy" by our late friend, your great Governor Benjamin Strong. I have only looked through the book and read a few of the chapters, but it seems to me that you have made an illuminat, choice. Many thanks for sending it. With the compliments of the season, I am, dear Yr. Burgess, Yours most sincerely, 07,-/-1)(7144-47 Yr. W. Randolph Burgess, Deputy Governor, Federal Reserve Bank, Yew-York, G.RM. BOX N° 2719 G P 0 SYDNEY. Ot4 \NEAL 7./Y )0 /...5w 24th December, 1930. G.L. Harrison Esq., Governor, Federal Reserve Bank of New York, NEW YORK. U.S.A. My dear Mr. Governor, I acknowledge your letter of the 5th November, advising despatch of a book of the writings and speeches of Mr. Benjamin Strong, which has been duly received, and for which I thank you. The work is an extremely useful and interesting one, and I much appreciate your action in sending it. With kind regards, Yours sincerely, AMBASSADE DE FRANKEC 24 IWO AUX ETATS UNIS E.. 0, L 'ATTACHE FINANCI4 December 23rd 1930. 44 Dear Mr. Crane, It is very thoughtful of you to send me this interesting book on the writings and speeches of Benjamin Strong. I shall greatly enjoy reading this work, which will prove very enlightening, I am sure. With the compliments of the season and my sincerest thanks, Very sincerely, Mr. J. E. Crane, Deputy Governor Federal Reserve Bank, New York City. E. Y. ALEXANDER W WOYTKIEWICZ DEC Z4 1930 J E. 0. 217 BROADWAY NEW YO RK December 23, 1930. T. E. Crane, Esq. Deputy Governor Federal Reserve Bank of New York New York, N. Y. Dear Mr. Crane, Please accept my thanks for your kindness in sending me a copy of the late Governor Strong's speaches on the Federal Reserve Policy, edited by Dr. 7. R. Burgess. I appreciate very much this interesting work and am looking forward to reading it with a great pleasure. Sincerely yours, TRANSLATIO N ADD.- k Bogota, December 22, 1930. LTAA1 Mr. G. L. Harrison, Governor, iederal Reserve Bank, ode. York. Dear Harrison: I acknowledge your letter of November b and "ish to advise you of the arrival of a copy of the book entitled "Interpretations of vederal Reserve Policy in the Speeches and Writings of Benjamin Strong" awl edited by Mr. Burgess whose name is already well-known to us in this Bank as the author of the excellent work "THE RESERVE BANKS AND THE MONEY MARKET". I send you sincere thanks for this kind gift which has exceptional interest for us because of the ideas and doctrines set forth in this publication, which is a valuable addition to our library. Yours very truly, etc. JULIO CARO Manager. a 7; 'Ort 1?-4 DIREP °AV 4, diciembre 22 de 1930 ta de 5 de Nov. Ultimo para mplqr del libro titutado: l Reserve Policy in the Benjamin Strong" y editado ya bien conocido en este HE RESERVE BANES AND THE expresivas por este amable are nosotros por las ideas y , la coal constituye un valio- Ss.Ss. CO DE LA REPUBLICA EL GE.xiiiiTE, Ca (Y" /// ff 7/((t1((.(7 4,tie-Oert AL AL CONTESTAR ESTE NUMERO AGENCY OF THE YOKOHAMA SPECIE BANK. LTD. NEW YORK December 20, 1 913.::vi v DEC 22 1930 J E. 0. Dear Mr. Crane: Thank you for your kind letter of the 18th, and for the two copies of the book of writings and speeches of Benjamin Strong. tents of these I value most highly and appreciate your courtesy in sending them to me. May I take this opportunity to wish you A Very Happy Christmas and A Most Successful New Year. , Since Mr. J.E.Crane, Deputy Governor, Federal Reserve Bank of New York, 33 Liberty St., New York. rs, ly MR. DR. G. G. VAN BUTTINGHA WICHERS Batavia, 15 December 1930. BATAVIA Mr.G.L.Harrison Governor of the Federal Reserve Bank of N.Y. New Y o r k. JAN 2 1 1931 Dear Mr.Harrison, Q.L.H. I received your letter of 5th November together with a copy of Mr.Benjarnin Strongls Speeches and Writings edited in book form, for which I wish to express my best thanks. I very much appreciate your kindness to present me with this book, which will undoubtedly prove very interesting and instructive. Believe me, Sir Yours faithfully, REICRSBANKPRASIDENT a.D DR. HJALMAR *SCHACHT BERLIN SW 111, DEN Dec 6.1930 . 1 W.Randolph Btt1 gess,Esq., Federal Reserve Bank of New York, New York. Dear Mr. Burgess:\ May I express my sincere thanks for your kind letter of November 7th, and at the same time for the book mentioned therein. Sincerely yours, ROYAL ITALIAN EMBASSY OFFICE OF THE COMMERCIAL COUNSELOR No. New York Office, 44 Whitehall Street, December 19, 1930 7077 Mr. W. Randolph B Federal Reserve New York City. ss, of New York, Dear Dr. Burgess: I am really indebted to you for your kindness in sending me the book containing the writings and speeches of Benjamin Strong, so masterly edited by you. I shall not fail to read them with the utmost, useful interest for, no doubt, Governor Strong was a real, determined leader in the movement to bring about a more sound and helpful cooperation in the new international banking field. May I take this occasion for sending you my most sincere wishes for the Coming Season. Cordially yours, December 18, 1930. Dear kr. Takei: I am sending to you under separate cover two copies of a book which contains some of the writings and speeches of Benjamin Strong. These documents have Burgess in order that been collected and edited by they might be readily available to tankers and students of banking and economics generally. Thinking that this book may prove of interest to you it gives me great Pleasure to send you these copies with m compliments. Faithfully yours, 4)4' J. E. Crane, Deputy Governor. Mr. R. Takei, Superintendent, Bank of Japan kgency, New York, N. Y. JEC.KMC December 18, 1930. Dear Mr. Sonoda: I am sending to you under separate cover two copies of a book which contains some of the writings and speeches of Benjamin Strong. These documents have been collected ancl edited by kr. Burgess in order that they might be readily available to bankers and students of banking and economics generally. Thinning that this book may prove of interest to you it gives me great pleasure to send you these copies with mf cor pliments. kaitnfuliy yours, rCG J. E. Crane, Deputy Governor. Mr. B. Sonoda, Agent, Yokohama Specie Bank, Ltd., 120 Broadway, New York. JI3C.MIC December 18, 1930. Dear gar. konick: I am sending to you under separate cover a copy of a book which contains some of the writings and speeches of benjamin strong. Those documents hive been collected and edited by ter. burgess in order that they might be readily available to bankers and students of banking and economics generally. Thinking that this book may prove of interest to you it gives me great ple&sure to send you this copy with my compliments. Faithfully yours, J. E. Crane, Deputy Governor. Mr. E. Monick, French Financial Attache, The French Embassy, 31 Nassau :street, New York. JEC.KMC December 18, 1330. Dear Mr. Podesta: I am sending to you under separate cover a copy of E.. book which contains some of the writings and speeches of Benjamin strong. These documents have been collected and edited by Mr. urges in oruer that they D.ight be readily avzilable to bankers and students of banking and economics generally. Thinking that this book may prove of interest to you it gives me great pleasure to send you this copy with my compliments. Faithfully yours, J. E. Crane, Deputy Governor. kr. Luigi ?odesta, 11 hall otreet de& York, N. Y. JEC.DIC Decewber 18, 1930. Dear Mr. Woytkiewicz: I an sending to you under separate cover a copy of a book which contains some of the writings end speeches of Benjamin otrong. These documents have been collected and edited by kr. burgess in order that they might be readily available to bankers and students of banking and economicsgenerally. Thinking that this book may pluve of interest to you It gives me great pleasure to send you this copy with my compliments. Faithfully yours, J. E. V1 a11r., Deputy Governor. Hr. A. Woytkiewicz, Financial Counselor, Embassy of Poland, 3 East 65 Street, New York. JEC.K16C December 18, 190. Dear pr. Ilynarskii I azissendiag to you unuar separate cover a copy of a book which contains some of the writings and speeches of TJenjamin :strong. These doamients have been collected and edited by _r. Lux6ess in order that they might be readily available to bankt.;.rs and students of banking and economics gener,,liy. Diinking tLut this 000k may prove J2 interest to you it gives :e great pleasure to send you this copy with aly compliments. Faithfully yours, J. E. Crane, Deputy Governor. Dr. Feliks ag,lynarsici, Lwowska Nr. 1J, Warsaw, Poland. JEC.K#C December 17 190. Deur Ur. Angelent; It given mu pleasure to seated you under se7larate cover a copy of a book which yo:: may not yel-, have seen cont,dain the 7rritinzs and tpeeches of Benjamin strong I have been Corking at for TOMO ti-ae. Tibia cordial re;ards, Sincerely yours, Mr. Rotiolu Angelone, Bozoarcial At:ac:Ab ',loyal Italian 221,1-4y, 44 Whitehall Street, New York City. U- :3ecember 17, 1930. Dear Vr. Crowther: 47 conmcience has bothered me a good ch,,a1 lately for not having communicated eil,n you about yovr very kind offer to review the book of 4r. Otr.:n:Is Tribings in some ap9ropriate The fact ie we have been so upset h,lre for a nursber of place. )4Lifit thflt re have nn.d very little time to think about any- thing L-thept our 17medite problem.;. In the meantime, ho aver, Mr. OrdvT7 Tend o7 Harpers has been looking about a bit. iie finds that both the Tines and the rribune and, iu fact, most of the other papers, have made arranc;aa.mts for roviews aita taAr o.:11 people, and ha:. canvased one or two other possibilities without finding Just tae right thing. His latent question is whether a rerie.1 in the fol-LI of an artiole could be done for the rorldto rort. 'Florid's or In view of your own cloLe relationship with the we have not felt that it would be vie for us to talk with the publishers, at least without consulting; you fir t. That would yo* think of this possibility? The book iu goin,;pretty :yell, though not yet exception:o. 7ith best wishes ant crazy thanks for your help, I an, Sincerely yours, Mr. 6amnal Crrowtder, Daysfle, Long Island. 110 December 17, 1930. Dear You proviied such an appreciative audience for my that it dues ua peculiar book about tae Reserve pleasure to send you under separate cover a. copy of another book which I am sure you will enjoy. IL is « collection of the writings and L;peeches of Behjadan 6Lrong wnica I have been working at editing for a number of months past and widen has just come from tie press recently. With cordial regard. Unceraiy yours, Aandolpi. 3urgeas Deputy Uovcrnor Mr. Hideshige Kashiwagi, The Yokohama Specie Lens., :.td., lifhonb,Ashiku, Japan !ift13.11 HARPER & BROTHERS New York, December 15, 1930. Ess, RI (car Dr. Bu 4(/ Your librarian gave to ME in your name a copy of your latest book entitled "Interpretation of Federal Reserve Policy". I beg to express my best thanks for trlis courtEsy, remaining yours very sincerely Di. W. Randolph Burgess Deputy governor of the Federal Reserve Bank Bew York City THE BANK OF JAPAN TOKYO Pr.70F7iVir-7,17) DEC 29 1930 December 12, 1930. Dear Governor Harrison, ' It is my honor to acknowledge receipt of your polite letter of November 5, 1930, and a parcel containing six copies of "Interpretation of Federal Reserve Policy." A glance at the contents of this collection of the speeches and writings of the late esteemed Governor Mr. Benjamin Strong is enough to convince one that it is highly valuable and of great interest to us bankers and students of banking, as giving pictures of inner working of the federal reserve system in your country. Its perusal will enlighten us much in the solution of many problems and it will prove a valuable asset in our library. With hearty appreciation of your courtesy, I am, Sincerely yours, ft H. Hijikata Mr. George L. Harrison, Governor, Federal Reserve Bank of New York, New York, U. S. A. .o.ANQIJE DE CRECE Lt GOUVERNEUR 362? December 11, 1930. RA-c-)FivF_-ca DEC 2 7 1930 Q. L. H. Dear Mr.Governor, fl have great pleasure in acknowledging receipt of your letter of November 5, 1930, as well as of the copy of 7,1r. Randolph Burgess' book on the Federal Reserve Solicy, based on the writings and speeches of Denjamin Strong. I am very sorry that I have not been able to thank you sooner, but, as you are probably aware, I was abroad on business of the State, but I avail myself of this opportunity of expressing to you my warmest thanks for your kindness in sending me the volume, which I consider most useful to those who take a living interest in banking and economic questions generally. Faithfully yours, Mr.G.L.Harrison, Governor, Federal Reserve Bank, New- York. UNIVERSITY OF PENNSYLVANIA PHILADELPHIA ipt WHARTON SCHOOL OF FINANCE AND COMMERCE December 10, 1930 W. Randolph ess, Esq., Federal Deserve Bank of New York, 33 Liberty Street, New York, N.Y. Dear Dr. Burgess: Your letter of December S came to me as a very pleasant surprise, but it pleases me to know that you found yourself in agreement with my comments on the book. Although I only had the pleasure of meeting Mr. Strong for a few brief minutes on one of the many occasions when when he was in London after the war, I have followed his work and admired his personality for many years, so that I can readily appreciate the pleasure which you found in editing his banking papers. At the present time I myself am working upon the preparation of a modest volume on Central Banking as it has operated during the past decade, and if I might presume so much upon the time of one whom I know to be very busy I should like to meet you personally at some time during the next few months in order to discuss with you some of the problems in that field. Again thanking you for your letter, I remain Very truly yours, FCJ:ABR SOUTH AFRICAN RESERVE BANK SUIDAFRIKAANSE RESERWEBANK PRETORIA 8th December, 1930. Pc70EIVE.:0 JAN 7 1931 Q. L. H. George L. Harrison Esq., Governor, Federal Reserve Bank of New York, New York, U.S.A. Dear Sir, In the absence of the Governor, who has gone on a short holiday, I am writing to acknowledge the receipt of the two books containing a collection of the writings and speeches of Benjamin Strong, referred to in your letter of the 5th of November, 1930. These will be handed to the Governor on his return to Pretoria. Yours faithfully, BANCO CENTRAL DE CHI LE SANTIAGO DR. VILEM POSPfIL GOVERNOR OF BANK OF CZECHOSLOVAKIA. Praue, December 5, 1930. Mr. George L. Harrison, Governor, Federal eserve Bank of New York, New York. oFc 16 1930 14 H. Dear Governor Harrison, I have received your letter of November 5 and the two copies of Dr. Burgess book you mentioned in your letter. Please have my best thanks for your kind attention. It will be a pleasure to read this very interesting book. By publishing Mr. Strong's oapers, Dr Burgess has obliged not only bankers and students of banking but every man who had the privilege of having known Mr. Strong either in person or by his activities. Faithfully yours, T R A N S L A T I O N 7lontevideo, December 4, 1930. G. L. Harrison, Governor, -;iederal Reserve 7ank, New Yor k. My dear Mr. Harrison: With your esteemed letter of November 5, I had the pleasure to receive a copy of "Interpretations of Federal Reserve Policy in the Speeches and ':ritings of Benjamin Strong" edited by Mr. Burgess of that insti- tution.---- Before leaving, I also was pleased to receive the books sent me on board 44;;d4 -hich I read 7ith real satisfaction. I have them now as references in considering certain points having to do with an important work which I am planning concerning banking organization in this country and I believe that the experience and information contained in them will provide me with valuable assistance. Once more I take the opnortunity to offf,r my thanks for your courtesies and also, esteemed :dr. Harrison, I ask that you accept a testimony of my high respect and consideration. Yours very truly, . Translated by Silveira Zorzi BANCO DE LA REPUBLICA ORIENTAL DEL URUGUAY Montevideo.,Diciembre 4.950. Senor G.L.Harrison.,Gobernador., Federal Reserve Bank., I e 4 Yo r k. Li ebtimaao Sr.Harrison: Con su apreciable del 5 de Noviembre Ultimo he tenido el placer de recibir una copies relativa a las"interpretaciones de la ,olitica de la Reserva Federal a traves de los di:,cursos y escritos de Benjamin Strong,"trab4os estos,coleccionados y c-mpilados por el Jr.Burgess,de (ae Instimto.Antes de partir de esa,tuve,asimismo,e1 ag7rado de recibir los libros 4ue envh:ronme u boro, los males lef cot verdadera satisfacciOn.Alin los tengo en consultor pares considerar algunos i.cantos de un trabajo de importancia pie estoy redactando,sobre organizacicin bancaria en este pais, y creo lue la v liosa experiencia y datos contenidos en ellos,me serviran de preciosu ayuda.- Una vez ms,ten:o la oportunidad de presentar mi agradecimiento por sus finas cortesius,y entretanto,le ruego diets aceptar mi estimado Sr.Harrison,el testimonio de mi alts deferencia y consideraciOn.- ROA./ Translation. he President Illw'of the Berlin SW 111, December 4, 1930. Reichsbank-Direktorium My dear Mr. Harrison, I am in receipt of your kind letter of November 5, together with the six copies of Dr. W. R. Burgess' collection of the expressions of your late predecessor in office, Mr. Benjamin Strong. I thank you most cordially for sending them to me. I am very glad that Dr. Burgess has preserved these important opinions, which are of incalculable value for the study of American banking organization, in such a terse and handy form, and that he has, at the same time, made this collection into a worthy monument of the departed. With cordial regards, I am Yours etc., (Signed) LUTHER. To Mr. George L. Harrison, Governor of The Federal Reserve Bank of New York, NEW YORK. Ter '.-3.r-iiriSent ql.erfirc SW 11, 60. ben 4. Dezember 1930. eicimilank -Tirekforiumf.5 Pc:C.-lc-1w 7.0 Jr. I / 3157. DEC 15 1930 ber q,Infmorf Off No qingct6e vorffeheaber Glummer coroiinfcfd it L. H. Sehr verehrter Herr Harrison! Die mir mit Ihrem gefalligen Schreiben vom 5. November ds.Os. zugesteliten sechs Exempl are der von Herrn Dr.W.R.Eurgess zusammengestellten Au,3erungen Ihres verstortenen Amtsvorgangers, des Herrn Benjain Strong, habe ich erhalten und danke Ihnen verbindlichst fur die liebenswardige libersendung. Ich habe mich sehr gefreut, da/3 Herr Dr. Burgess durch diese Samlung die gutachtlichen Auslassungen, welche fur das Studium des amerikanischen Bankwesens von unschtzbarem Wert sind, in knapper und hand licher Form der Nachwelt erhalten und dadurch auch gleichzeitig dem Dahinges?hiedenen ein Denkmal gesetzt hat. :dit freundlichen :Iragen Ihr sehr ergebener An Herrn fieorge L. Harrison aovernor of the Federal Reserve Bank of New York, New York City . BATUE NATIONALE SUISSE ZURICH, LE December 3rd, 1930. JM ft LE PRESIDENT DE LA DIRECTION GENERALE 711111 pg-rFIN/0 DEC 15 1930 G. L-- Mr. George L. Harrison, Governor Federal Reserve Bank of. New York, NEW YORK Dear Mr. Harrison: Your letter of the 5th November as well as three copies of the book compiled by Dr. Burgess, sent under separate cover, have duly reached me. I hasten to thank you most heartily for your courtesy in forwarding It gives me treat satisfac- tion, indeed, to possess this precious collection of writings and speeches of the late Benjamin Strong, whose memory is particularly dear to me. Believe me, Dear Mr. Harrison, Sincerely yours, MC. 4 It1 FEDERAL RESERVE BANK OF NEW YORK ak CROSS REFERENCE SHEET FILE SUBJECT SEE FILE NO LETTER OF DATED Ku ( No.] FEDERAL RESERVE BANK OF CLEVELAND OFFICE OF CHAIRMAN OF THE BOARD December 2, 1930. .. Pc-oFIVri."1-3 DEC 3 G. L. Hon. George L. Harrison, Governor, Federal Reserve Bank of New York, New York City. My dear Governor Harrison: Some little time since I received, with your compliments the volume of the writings and addresses of Governor Strong of the Federal Reserve System, edited by Dr. .:3urEess. I am reading with infinite satisfaction this splendidly-edited book, and I thank you for so nicely remembering me. The work is so authoratatively set up that its educational value is of great worth, whether or not one is connected with the System. aith kindest regards, Sincerely, Chairman of the Board. 1930 HARPER & BROTHERS PUBLISHERS NEW YORK AND LONDON ESTABLISHED 1817 CABLE ADDRESS HARPSAM TELEPHONE: ASHLANDI900 49 EAST 33° STREET,NEWYORK,N.Y. December 2, 1930 Dr. W. Randolph B Federal Reserve Ba 33 Liberty Street, New York, N.Y. ess, Dear Dr. Bun_ess: I an writing to confirm your letter of NovemYer 13th, in which you request that royalties accruing from "Interpretations of Federal Reserve Policy" J. Herbert Case, at the should be made payable to Federal Reserve Bank of New York. We agree to this arrangement and will see that royalty payments are made in this manner. Core ally j urs, ORDWAY TEAL Economic and Business Boos 02:K DE NEDERLANDSCHE BANK `..V. PRESIDENT AMSTERDAM, December 1, 1930 Dr. W. Randolph B u r g e s s Deputy Governor Federal Fese -re of New York NEW YORK N.Y. 33, Liberty Street My dear Dr. B u r e s s : Let me thank you most heartily for ycur edition of the speeches and writings of Benjamin Strong, containing such a wealth of interpretations of the highest order of Federal Reserve policy. Will you allow me at the same time to congratulate you sin-cerely on the publication of this work giving evidence of such a heartfelt reverence for the memory of Benjamin Strong, which cannot fail deeply to impress all of us who have had the privilege of knowing personally this ever memorable great man. I am looking forward very much to reading your volume , which I intend to give a plElce of honour in my library. With repeated sincerest thanks and kindest re-Bards, I remain, dear Sir, Very truly yours (' (Dr. G. Vissering) 2-2 NEW YORK CHAPTER, INC. AMERICAN INSTITUTE OF BANKING SECTION YENICAN BANKERS ASSOCIATION J. VINCENT O'NEILL. TREASURER JERE V. D. STRYKER. PRESIDENT GRAYBAR BUILDING WITH FEDERAL FlcSERVE BA LAWRENCE C. FREER " FIRST Vi WITH THE ARTHUR GAR WITH BAN SIDENT AEE NATIONA R. SECOND. E PRESIDENT Rs TRUST COmPANy, 420 LEXINGTON AVENUE NEW YORK WITH THE NATIONAL CITY BANK J. MARTIN TELLEEN, SECRETARY ALFRED E. HENDERSON. ASSISTANT SECRETARY ROBERT H. FIEDLER. CHIEF CONSUL WITH MANUFACTURERS TRUST COMPANY TEL.Eptiosz LIMITHOWON 5510 December 1, 1930 Miss Marguerite Burnett Federal Reserve Bank 33 Liberty Street New York city Dear Miss Burnett: On behalf of the Library and the Chapter I wish to thank you for the copy of "Interpretations of Federal Reserve Policy" by Benjamin Strong. We appreciate having this book not only on account of the im,ortance of the contents but also on account of the interest that Mr. strong took in the work of the Chapter. Yours sincerely, JMT/IJ ary BANCO DE RESERVA DEL PERU DIRECC1011/4TELEGRAFICA "RESERBANCO" LIMA, 1. de diciambre de 1930 R C; ETV DEC 13 1930 J E. C. Muy senor nuestro: Damos a Ud. las gracias por su atenta carte fecha 11 de noviembre Ultimo, anunciandonos el envio que ha tenido Ud. la bondad de hacernos del libro de Mr.Burgess que contiene is colecciOn de escritos y discursos de Benjamin Strong, que hemos encontrado muy interesante. Reiterando nuestro agradecimiento por su fineza, nos repetimos de Ud. sus atentos y SS.SS. Por el BANCO RESERV' 'EL PERU diastavo de la Jara G ente. riv M.r.J.E.Crane, Deputy Governor Federal Reserve Bank of New York, New York ThANbLATIOL: Dear Sir: .e thank you for your letter of November 11 telling us that you were sending us Dr. Burgess' book, which contains the collection of Benjamin btrongis writings and speeches, which we have found very interesting. again thanking you for your courtesy, we remain, Very truly yours, HARPER & BROTHERS PUBLISHERS NEW YORK AND LONDON ESTABLISAIED i A CABLE A DOF/k5IS HAUSAM TELEPHONE:ASHLAND 1900 49 EAST 330 STREET,NEWYORK,N.Y. Lecember 1, 1930 ter, r-andolph Bess, Federal -1-.esrve Bank, 33 Liberty Street, New York, :7.Y. Lear LI. Burgess: I am enclosing for your information a copy of one of the advertisements on your book as it appeared in t:.e -.ew York Times book section, on November 20th. This is of course only one advertisement out of several that are a-,pearing in different periodicals; but this reaches a very Tide audience. Ulg'tlrttra't ORDWAY TEAD Economic and Business Books Of:IC LMBER 30, 1930. 33 'm giving USEFUL gifts this year, Business Books" They Told Barron Fundamentals The NOirli of the late Clarence W. Barron. An astounding revelation of the secrets of high finance as told to By ROGER W. BABSON. How to ar- range your entire investment and speculative routine, explained by the late owner of the Wall Street Journal, by Rockefeller, Ford, America's greatest financial advisor. "Clear, concise, readable, thorough." -Business Book News *3.00 Morgan, Coolidge, etc. The Retail Executive His Preparation and Training. By "Must carry a message the business man, the student, the young man entering a career, can use to his individual Statistics for the THORNDIKE DELAND. Business Man By W. G. $3.00 Practical SUTCLIFFE. statistical methods for solving the executive's problems of budgetary advantage.-- M. J. May, President, and production control, market and financial analysis, etc. $4.00 May Department Stares Profitable Department New Ways to Make Money Store Management. By HARRY W. SCHACTER. "Easy to By ROGER W. BABSON. Fifty funda- read, stimulating, profitable, to everyone concerned with depart- mental industries analyzed to show opportunities for investors, promotors, and young people entering ca- ment store problems and how to overcome them."-P. Leboutillier, reers. "Keen insight into business and President, Best & Co. industry. Inclusive yet almost statistical."- Scientific American $3.50 Prosperity and Consumer Credit Interpretations of Federal Reserve Policy *4.00 By JULIAN GOLDMAN. Explains the latest methods of instalment selling I In the Speeches and Writings of. to find new markets, stimulate old Benjamin Strong. Edited by W. RANDOLPH BURGESS. "Indispensable to those who seek an understanding of Reserve policy. Reads like romance in finance. " -P. W. Garrett $4. N. V. Evening Post What Groucho Says By "GuorTono". The joyous, dis- gusted growls of the sage of Printers' Ink, debunking the whole advertising business. The perfect gift for adver*3.00 tising men. and overcome depressions. "Helpful for merchants and manufacturers alike." - Babson's Book ones, Letter. Financing the Consumer By EVANTSCLARK, Director, Twentieth Century Fund. "Most helpful in ascertaining the economic facts about the small loan business and in elevat- Frank Pering its standards. " sons, rice President, Amer. ass's of Personal Finance Companies $3.50 FREE EXAMINATION COUPON HARPER & BROTHERS, 49 East 33rd Street, New York 1 me copies Sendwill remit $of : return book(s) enclosed. within 10 days or Cheek for _is Plate send C. 0. 1). Name Street http://fraser.stlouisfed.org/ City and State Federal Reserve Bank of St. Louis $3.00 tbi FEDERAL RESERVE BOARD -7:0E-IvEol'i DEC 2 WASHINGTON O. L. November 29, 1930. . Harris on: Cn behalf of Yr. I pm writing to p.cknowledge end thank you for cope of the book containing e collection of the writings and speeches of Mr. Benjamin Strong. Believe me, Very truly yours, Secretary to Mr. G. L. 'Harrison, Governor, Fadarpl Reserve Bank, ". V. New York, A. C. "filler. 1930 November 23, 19M. Dear LAepmann: Your note of Noveaber 23 is delightful, an me for all my labors in this matt,r. 1 appreciate it much. Uncarely yours, Mr. ii. A. Ueomann, C/o Bank of England, Lando,,, E. C., :h and. repays MRS. GORDON LUNDIE P. 0. BOX 745 SHORT HILLS. N. J. 4I 2-% -14 "L. Hj vo/LP ut4-4 ot-0 Gt#24-e-f- aAJ I4A ck-AAA 4-r73 t;) cUce, A.54-1,1 (1A1 11`-tAl c-,L7 'ck,vtik wal da FEDERAL RESERVE BANK OF BOSTON FREDERIC H.CURTISS CHAIR MAN November 28, 1930 November 28, 1930 RP:CEIVED Mr. George L. Harrison, Governor, Federal Reserve Bank, New York, N.Y. DEC 2 Ct. L.. H. Dear Governor Harri on: of r o I find your lett d?(A November 5 upon my return from the West; also under separate cover, copy of the book "Interpretations of Federal Reserve Policy in the speeches and writings of Benjamin Strong". I can assure you that I anoreciate your thoughtfulness and courtesy in sending me this publication, which I shall be very I need not tell you glad to read and to add to my library. how greatly I admired Governor Strong and aooreciate the great value of the serviceshe rendered to the Federal Reserve system during the time he was Governor of the Federal Reserve Bank of New York. With warmest personal regards and hoping to have the pleasure of seeing you soon after your return from Europe, I am Sincerely yours, Chairman. FHC/D 1930 Translation 14' Paris, November 28, 1930. BANQUE DE FRANCE TA. k/402-16 THE GOVERNOR OF THE BANQUE DE FRANCE` Mr. George L. Harrison, Governor of The Federal Reserve Bank of New York. My dear Mr. Governor, I have just received six copies of the volume which is edited under the auspices of the Federal Reserve Bank of New York, and devoted to the writings and speeches of your lamented predecessor, Benjamin Strong. I thank you most cordially for sending them to me; I greatly appreciate the gift. No better homage could be paid to the great personality of Governor Benjamin Strong, and to his intelligence and kindness, than thus to collect and fix, in concrete form, the expression of his generous thought. Mr. Burgess acquitted himself of the task which you entrusted to him with his usual competence; he has put into clear relief the fundamental ideas of Governor Strong's ptilicies. For us, who cherish so faithfully the memory of the great departed friend, this work serves as an occasion to recall the bonds of collaboration which came to be formed between our two Banks, under his generous guidance. Again, Mr. Governor, I offer you my thanks and the expression of my personal regard. (Signed) C. MORET. ranr Paris, le 28 Novembre 1930. R C PARIS N° 70.726 DEC 1 0 1930 c_CA, J(c), _.(:),Itikyyletostv H .)3(1/lepte de t George L. HARRISON, Gouverneur de la Banque de Reserve Federale de New-York. Jher Eonsieur le Gouverneur, Je viens de recevoir six exemplaires du volume, &lite par les soins de is Banque de Reserve Federale de New-York, et consacre aux ecrits et discours de votre recrette predecesseur Benjamin Strong. Je vous remercie bien vivement de cet envoi, que papprecie tout particulierement. On ne pouvait rendre un meilleur homage a la haute personnalite du Gouverneur Benjamin Strong, et a ses qualites d'intelligence et de coeur, que de recueillir et de fixer, d'une maniere concrete, l'expression de sa genereuse pensee. Burgess s'est acquitte,avec sa competence habituelle, de is tache que vous lui aviez confiee; it a clairement mis en valeur les idees fondamentales de is politique du Gouverneur Strong. Cet ouvrage est, pour nous, qui pardons Paris, November 28, 1930. BANQUE DE FRANCE Research Department My dear Mr. g We have just received the copies of the book in which you have collected the writings and speeches of the lamented Governor r'enjamin Strang. It is with real interest that I read these pages, which set forth the expression of his clear intelligence and of his generous thought. They refreshed the faithful recol- lection which I have of the cordial relations which I enjoyed, during my stay in :Jeer fork, with your former Governor, and of the gracious welcome which he always granted me. Yours etc., SIGNED Mr. W. Randolph Burgess, Deputy Governor, Federal Reserve Bank of New York. l. (e-tf.- e-, )- aro' adyae w 4 - 28 Novembre /9:30. ee",, ice,Oed Cher Lonsieur Burgess, Nous venons de recevoir les exemplaires de l'ouvrage dans lequel vous avez reuni les ecrits et les discours du regrette Gouverneur Benjamin Strong . Vest avec un reel inter'et que j'ai lu ces pages oU j'ai retrouve l'expression de sa claire intelligence et de sa genereuse pensee . Elles ont ravive le fidele souvenir que je garde des relations cordiales que j'ai entretenues, lors de mon sejour 111, New-York, avec votre ancien Gouverneur, et de l'accueil toujours si bienveillant qu'il me reservait . Veuillez agreer, je vous prie, cher L.onsieur Burgess, avec mon bien sympathique souvenir, l'assurance de mes sentiments tres cordialement devoues, ilLi/z)thA W. Randolph BURGESS, Deputy-Governor, Federal Reserve Bank of New-York. Iv:. iLL71 Budapest, 27th November 1930 National Bank of' Hungary r"c"r",F-tVir'D Goverrnor DEC 10 1930 G. L. H. Dec./. Governor Harrison, I have received your letter of the 5th November and two copies of the book containing the writings and speeches of late Benjamin Strong and be to express to you my sincerest thanks for your kinC_ness to have awarded to me this valuable work of Dr. Burgess' which gives a fine picture of the distinguished personality of Governor Strong. Believe ne, dear Governor Harrison, Yours sincerely, sir. George L. Harrison, Governor, Federal eserve Bank of New York, New Y N.Y. U.S.A. k. o r Deiterreicf)ifdy Tationalbanh. Ter Tralibent. sat -o- Vienna, November 26th, 1930. RF-cEivEzo DEC 10 1930 Dear Mr.Governor, H. I beg to acknowledge with best thanO the receipt of the two copies,advised by your favour of November 5th, of the collection of writings and speeches of the late Governor Benjamin Strong, illustrating the policy of the Federal Reserve Banks. Considering the decisive role which Benjamin Strong was called to play at the foundation and development of the Federal Reserve System his statements on the policy of the Federal Reserve BanA which I partly knew from the Hearings before the House Committee and from other publications, are of greatest significance. It deserves full appreciation to have summarized all these excellent speeches and articles. Together with the work of Paul M.Warburg,which I have finished to study just now, the collection of Benjamin Strong's "Interpretations", most accurately edited by 4.Randolph Burgess, constitute an exhaustive and very instructive information on the origin,working and the intentions of the Federal Reserve System and will be of greatest value for all banks of issue. I am,therefore, very indebted to you, dear Mr.Governoi for the attention you kindly paid me by sending these books. Believe me , Very faithfully yours FEDERAL RESERVE BANK OF ST. Louis November 26, 1930. Mr. George L. Harrison, Governor, Federal Reserve Bank, New York, V. Y. Dear Governor Harrison: I have received the collection of writings and speeches of/ Governor Strong which you advised in your letter of November 5 was being sent to MB. It is needless to say that I am greatly pleased to have this book, for it calls to remembrance the personality of the man himself. I know you could not do it, as you were in Europe Alen the book was sent out, but I would have liked it very much if I could have had your signature in the book as presenting it. Yours sincerely, cit--7: Governor. //4_ RIGA, the 26th November, 01 penColv50 LATVIJAS/BANKA GALVENAIS'DIREKTORS FC9 DIRECTR GENERAL 1930 G. Dear Mr. Harrison, I have pleasure in acknowledging receipt of your favour of November 5,1930, and in advising you that the copy of Interpretations of Federal Reserve Policy in the speeches and writings of Benjamin Strong, edited by W. Randolph Burgess forwarded separately has come safely to hcl.ra. Please accept my best thanks for furnishing me with that useful publication which I shall read with great interest. Yours very truly Mr. George L.Harrison, Governor,Federal Reserve Bank of New 'fork, New York. ============= ALS. J. M. Kukurs, Rigs 623 44* 1101°P1 40,40 riovumbrIr 26, 1960. Dear Mr. Youngman: Thank you for smading me the ?roof of th3 most :.ad sympathetic review of Governor Strong' book. That will be a splendid hca? in ntleing the book known to the public. Very truly yours, Mr. E. H. Youngman, 71 Murray Street, New York City'. 771113.11 BANQUE NATIONALE Beograd,November 35th,1930. DU ROYAUME DE YOUGOSLAVIE it GOUVERNEUR r 170 F:.. I v 0 4. 1114) DEC 10 NW Q. L. Dear Governor Harrison, I beg to acknowledge the receipt of your letter of the 5th inst. and wish to express many thanks for tue courtesy of sending me such a valuable copy of a book as the collection of writings and speeches of late 3enjamin Strong. I am really pleased to have such an exquisite work in my possession and thanking you again, I remain dear la.. Harrison lours faitafully, hr. G. L. Harrison Governor of the 2ederal heseiNe Bank of New York New York. U.S.A. Pt p .4 0 e -/fer /4. Mexico City, November 25 1950#--1EC 1- 1930 J.. E. O. Y Mr. J. E. Crane, Deputy Governor, Cio. FEDERAL RESERVE BANK, New York City, New York. Dear Sir, We have received your favor of 11th instant, addressed to our Managing Director Mr. Agustin Legorreta, at present in your city, and also have received the three conies of the collection of writings and speeches of Benjamin Strong which you so kindly sent him. Please accept our best thanks,on behalf of Mr. Legorreta, for the interesting publication, and believe us to be, dear Sir, rmv Yours faithfully, BAYCO NACIONAL DE MEXICO, S. A. 1 0 FEDERAL RESERVE BANK OF NEW YORK OFFE CORRESPONDENCE To Mr. Mao FROM DATE November 25, 1950. SUBJECT: L. R. Rounds Kr. Burgess hs made errnre;cments so thet the royalties on the recently published book of Benjamin Strone's writings and speeches will be added to the fund 1 ft by Ur. Strong for the benefit of the employees of this bank. Harper & Brothers have been instructed to remit a check for the royalties as they accrue, to Mr. Case at Vile bank. Mr. Case will tern the checks over for deposit in the usual wey, ane these edditions to the fund ehoeld ie handled exflatly the same as any other income received to the fund, an appropriate record of course being '.opt es to the source. It is my enderetanding that these reyalty payments ere made euarterly. FEDERAL RESERVE BANK OF NEW YORK November 25, 1930. v( Your letter of November 13 is received advising that you had instructed Harper & Brothers with respect to the disposition of the royalties on the recently published book of Benjamin Strong's writing and speeches. I note that it is your wish that these royalties be added to the fund left by 1,:r. Strong for the benefit of the employees of the bank. Your instructions will be carried out, and may I at this time thank you in behalf of the employees of the bank for your generous action in making this disposition of the royalties for the benefit of this fund. Sincerely, Mr. .. R. Burgess Federal Reserve Bank of New York New York, N.Y. November 25, 1930. Dear Mr. Burgess: i/ Your letter of November 13 is received ad- vising that you had instructed Harper & Brothers with respect to the disposition of the royalties on the recently published book of Benjamin Strong's writig and speeches. I note that it is your wish t!--,at thele royalties be added to the fund left by Mr. Strong for the benefit of the employees of the bank. Your instructions will be carried out, %nd may I et this time thank you in behelf of the employees of the bank for your generous action in making this disposition of the royalties for the benefit of this fund. Sincerely, R. Burgess Federel Reserve Bank of Nei York New York, N.Y. Mr. ESTABLISHED 1846 rF THE BANKERS MAGAZINE published by THE BANKERS PUBLISHING COMPANY 71-73 MURRAY STREET NEW YORK, U. S. A. CABLE ADDRESS BANKMAG, NEW "YORK November 25th., 1930 Dr. W. Randolrh Burgess Deputy Governor Federal Reserve Bank of New York rew York, N.Y. Dear Dr. Burgess:- The enclosed review of "Interpretations of Federal Reserve Policy" will appear in the December number of The Bankers Uagazine. I thought you might possibly like to have an advance copy. Cordially yours ZAY: L Elmer H. I d i unman o MRS. BE.'IJAMIN STRONG, SR. 251 WEST 139TH STREET NEW YORK CITY cr- de-a_ 921-0-0-cg-&-ck t%tAJLL Bucarest, le24 novembre 1930. BANQUE NATIONALE DE ROUMANIE C7t14.NET DU GOUVEI 4E:JR r-oF.ivp:0 DEC 10 1930 (. L. H. Monsieur le Gouverneur, C'est avec le plus grand plaisir que je viens vous accuser reception des deux exemplaires de l'ouvrage de Y. Burgess, de votre Banque, que vous avez eu l'obligeance de ni'envoyer et dont la lecture rata beaucoup interessee. En vous exprimant mes vifs remerciements pour votre aimable attention, je vous prie d'agreer, Monsieur le Gouverneur, l'assurance de mes sentiments tres distingu4s. It is with greatest pleasure that I acknowledge receipt of the two copies of the book prepared by Mr. Burgess, of your Bank, which you were kind enough to send me, and the perusal of which interested me greatly. Yours with thanks, etc., SIGNED Nowldber 24, 1970. Dear Mr. McGarrah: Miss Holmes, in checking over the lists, finds that I did not send you a copy of the new book of Mr. Strong's writing and speechee to your New York address, thou0a we have sent some to Basle. That is a groat oversight which I am rectifying here- with, and I know it i., something you will enjoy. Sincerely yours, Mr. Gates W. McGarrah, 4C Cedar Street, New York testy. tY aJf k BANK OF MONTCLAIR Alorrrc LAIR , N J r. THOMAS W. STEPHENS PRESIDENT November 22nd., 1930. Gov. George L. Harrison, Federal Reserve Bank, New York, N. Y. Dear Governor: at you are abroad, I have delayed Knowing acknowledging your lett_r of November 5th. and the splendid book prepared by Mr. Burgess. As you know, I arc taking up matters rather deliberately but am getting stronger and feel increasingly able to take on more but must be careful, which I believe is in accordance vdth the advice contained in your good letter sent to me at Cape Cod some months ago. The book is a prize and I am slowly reading it and am sure I shall find it of great interest, not alone on account of the splendid ability of your predecessor and Mr. Burgess, the compilor of the book, but Ithat is perhaps more, owing to my long and warm acquaintance with Governor Strong. I thank you very much for the book and trust you will soon be back with us again in the best of health and spirits. Very sincerely yours, TWS.KM A THE NATIONAL Shawmut Bank OF BOSTON November 22, 1920. Dear Mr. Bujess: You were more than kind to send me copy of your book, "Interpretations It of Federal Reserve Policy". looks very interesting and I shall read it with a great deal of pleasure. Mrs. Bucklin and I enjoyed immensely having you with us and hope you will come again some time when the golf is better. With warmest regards, Sincerely, To Mr. W. Randolph Burgess, Federal Reserve Bank of N.Y., New York City. 111 FEDERAL RESERVE BANK OF PHILADELPHIA 925 _HESTNUT STREET :A GEORGE W NORRIS. GOVERNOR RICHARD L.AUSTIN WILLIAM H HUTT. DEPUTY GOVERNOR C.A.MS ILHENNY, CASHIER ALBA B.JOHNSON CHAIRMAN OF THE BOARD AND FEDERAL RESERVE AGENT DEPUTY CHAIRMAN OF THE BOARD ASSISTANT CASHIERS W. J. DAVIS ASSISTANT FEDERAL RESERVE AGENT JAMES M.TOY R.M. MILLER.JR. ARTHUR E.POST S. R. EARL ERNEST CHILL ASSISTANT FEDERAL RESERVE AGENT November 22nd, 1930. My dear Yr. Burg I am very much obliged to you for sending me a copy of your edited edition of Governor Strong's papers and addresses, and the copy of Mr. McGarrah's sketch of the operations of the B. I. S. It would have been a real misfortune to let Strong's utterances on Federal Reserve matters be lost. Reading them is an inspiration, and the book will be invaluable for reference. There has been so much curiosity as to That the B. I. S. is really uoing that Mr. McGarrah's address, giving the first authoritative sketch of its activities is of exceptional interest. I have already shown my copy to several friends who were eager for just such information as Mr. McGarrah gives. With renewed thanks, I am, Very sincer ly yours, almY Governor Mr. W. Randolph Burgess, Deputy Governor, Federal Reserve Bank, New York City. IN nAT11.-i±sYLIair) 11,'NOMIU 43(uNlmaiy CAMBRIDGE. M TRUSTEES CHARLES J. BULLOCK, PRESIDENT ROBERT AMORY. SECRETARY PAUL C. CABOT, TREASURER CHARLES FRANCIS ADAMS FREDERIC H. CURTISS WALLACE B. DONHAM LOUIS E. KIRSTEIN OGDEN L. MILLS EUGENE V. R. THAYER Dr. W. Randolph Burb4.ss, Federal Reserve Bank of New Y 33 Liberty Street, New York City. My dear Burgess: Last night I volume of Governor Strong's s copy of which I found on my d indicating that it was sent w the things I had seen before; seen. I want to thank you f volume, and to app It is a very Strong's published and. umnub this form, where they will be not to be lost sight of. Hi or attended with a blare of t ger, therefore, that his grea understood or fully appreciat satisfaction, though one acco to accomplish this pious task With best reg Yours CJB/A113 8, BISHOPSCATE, LONDON, E.C. 2. 21 Nov., 1930. Dear Mr. BuWess, Thank you so much for your kindness to Mr. Darling. Yours sincerely, W. Randolph Burgess, Esq., Federal Reserve Bank, NEW YORK. THE LONDON SCHOOL OF ECONOMICS AND POLITICAL SCIENCE. (UNIVERSITY OF LONDON) TELEPHONE HOUGHTON STREET, H *RN 9783.7. ALDWYCH, TELEGRAMS POLECON ICS. ESTRA ND, LONDON. LONDON, w.c.2. 141st.November 1930 My dear gess, I am most exceedingly obliged for your kindness in sftding me your edition of Benjamin Strong's speeches and writings; it is extremely useful to have these in collected form. Please give my regards to the Governor and believe me to be, Yours sincerely, Dr. Randolph Burgess, Federal Reserve Bank, New York, FEDERAL RESERVE BANK OF ATLANTA OFFICE OF CHAIRMAN OF THE BOARD. FEDERAL RESERVE AGENT. November 21, 1930. Dear Governor Harrison: I have received the book "Interpretations Of Federal Reserve Policy in the Speeches and Writings of Benjamin Strong", edited by Doctor Burgess. I heartily thank you for sending me this book, and I shall read it with great interest and profit. With kindest regards and best wishes, I am, Sincerely yours, George L. Harrison, Governor, Federal Reserve Bank of New York, New York, N. Y. Helsingfore, Novelaber 20th11960. b pa7c,F7( DEC 3 1930/ ca. L. Mr. George L. Harrison, Governor, Federal Reserve Bank of New York, New York. Dear Mr. Governor, Your kind letter of the 5th last. as well as the book "Interpretations of Federal Reserve Policy in the speeches and writings of Benjamin .Strong" edited by Mr. Burgess have duly come to ny hands and I beg to express to you my sincere thanks far your courtesy to let e have a copy of this work. It will be indeed hignly ihterestiag to study this book which coherently includes the ideas of the eminent uoveraor about qaestioas of such 6eaeral ii.iportance as that of the Federal Reserve Policy and the operation of a Bank of. Issue. I was happy to follow the ideas of Governor Strong when he was still in life and I greatly appreciate the possibility given me by the book to get still deeper into the sense of his wise mediations. tdth kind personal regards, believe ma, ,)ear Mr. Governor, Yours faithfully 110 EAST 42P:19 STREET NEW YORK November 20th, 1.930 Dear Dr. Burkiss Thank you very much for sending me the cony of your hook containing; Father's sneeches and writings. Several of the family have spoken of the book and were very hearty in their praise for the way you had gotten it up. I understand also that it has received very favorable coTTent from the reviewers, which must be very gratifying to you. With best regards, I am Sincerely yours FGS:S R. Burgess Federal Reserve Bank of New York New York city, New York Dr. W. NOIRGES BANK 0 BANQUE OE NORVBGE. OSLO November 20th 1950. TELEGRAFAORESSE HOVEDBANK l'FTE177: , DEC 2 68 %.* 1930 G. Ata Mr. G.L.Harrison, Governor, G.L.Harrison, Federal Reserve Bank of rew York, New York. Dear Governor Harrison, It gave me great pleasure to receive your letter of the 5th inst., and I beg to thank you very much for the book sent me, containing a collection of the writings and speeches of your eminent predecessor, the late I.7r. Benjnmin Strong, and edited by Dr. VI.Randolph Burgess. Especially to us non-Americans it is of very great interost to have this collection, and I feel sure that we shall derive benefit from a thorough perusal of this most wise and suggestive book. 7,elieve me, dear r. Governor, Faithfully yours, c,/c NR. J-30. 3000. FEDERAL RESERVE BANK OF CHICAGO 230 SOUTH LA SALLE STREET OFFICE OF THE GOVERNOR November 19, 1930. Mr. George t. Harrison, Federal Reserve Bank of New York, New York, New York. Dear Sir: In Mr. McDougal's absence from the office, this will acknowledge receipt of a copy of Mr. Burgess' book containing the writings and speeches of Benjamin Strong, to which you refer in your letter of November 5, and for which I am sure Mr. McDougal will be very grateful. Yours very truly, Secretary to the Governor. WALTER LICHTENSTEIN THE FIRST NATIONAL BANK EXECUTIVE SECRETARY 5 OP- CHICAGO November 19, 1930 Dear ess: Many thanks for the copy of Governor Strong's Speeches and Writings. I hope I shall not be regarded as having been too grasping for asking for a free copy. It was nice to get a glimpse of you in New York when I was there at the meeting of the Academy. was only sorry I could not see more of you. Thanks once more. Sincerely yours, Mr. W. Randolph Burgess, Deputy Governor, Federal Reserve Bank of New York, New York, N. Y. I I.9 0561 0 Cm* cif Manhattan d:rnot Tompanv NEW YORK BENJAMIN STRONO.JR. ASSTENT 40 tall Street November 19, 1930 Dear RandcC4h: I Thank you for your letter of November 3, enclosing correspondence you have had regarding the new book. We are delighted with the arrangement you have made and am sure the Federal Reserve Club should be equally pleased. I have heard many very favorable comments about the book and the way it was put together. Sin Mr. V. Randolph Burgess, Federal Reserve Bank, 33 Liberty Street, New York, N.Y. rely y AON a ittrrgautImdiamwo 7.:intro *Ttwxr November 18,1930 Dr. W. Randolph Bess New York Federal Reserve Bank Liberty Street New York City Dear Dr. Burgess: I should have acknowledged before this the volume of 6trong's addresses, but for my absence from town in consequence of a temporary illness. I am back at "cork now, and have read the book with the greatest possible pleasure. It shows the quality of the addresses that, although I had read most of them at the time, they take on an entirely new atmosphere of interest when reread at this distance of time. Hoping to see you soon, I am, Yours very truly, PERSONAL Vault of 0:144altb' Konten, E.C. 2 18th 7ov?, ber, 1930. Dear Burgess, I was reading list night your collection of Governor Strong's papers and I cannot refrain from writing you a line of thanks. If I h. d not loved and revered him before I think you would have persuaded me to do so now - for his wisdom, his dear pedestrian common-sense and the magnificent sweep of his humanity What makes me particularly want to thank you is Chapter XV. God bless you for having discovered this treasure wrapped up in yellow paper and for giving it to the rest of us. Yours sincerely, Dr.Vi.Randolph Burgess. TELEPHONES. UNIVERSITY 8200 (me, 3.43. TRAFALGAR 4100 MERRYLE STANLEY. RIIKEYSER 2060 BROADWAY NEW YOUR. N. Y. November 18, 1930 ess, Deputy Governor, Federal Reserve Bank of New York, 33 Liberty Street, New York, N. Y. Dr. 71. Randolph, Bu Dear Dr. Burgess:Thank you for your cordial note of November 6th, telling me about your new book, of which I have received a copy. I shall read the book with much interest, and the possibilities are that it may s,1FFest some editorial comment. Looking forward to the pleasure of seeing you soon, Sincerely yours, SR:RA ce tthv/6-,Jr Stockholm,18th.November 1930. C&Aft,a4d Dear Sir, In receipt of your esteemed favour of 5th.inst.we beg to express our sincere thanks for your kindness to hand us a copy of the book entitled: "Interpretations of Federal Reserve Policy in the Speeches ana Writings of Benjamin Strong", which will certainly prove of much interest to us. We are, dear Sir, Yours truly SVERIGES RII(SB l< 10 Mr.George L.Harrison,President,Federal Reserve Bank of New-York, New-York. November 18, 1930. Delay Mr. Crone: Thank you for the fine ad is your "Long ana 5nort of Its k.'4ory. It ought tc conLiderably in the dis tribution of the book. Very truly youra, Mr. John A. Crone, Financial Bureau, Consolidated :)re,-;-.3 Aem., 280 Broadway, New York City. Ita.H November 18, 1830. Dear Mr. Sui::Itlint It wv.r. most, pla.-.:ant to see you and your family on Suzday. I enjoyod it immensely. Under separate cover 1 am sending along a copy of the boos of Gavarnor Strang's speeches and writings, wilich I trust you will enjoy. Sincerely yours, Mr. Walter Bucklin, ?resident, Satidmit Shay mut Banc, Bo;:ton, PERSOITAL bank of (fitiliatte 17th November, 1930. Dear :.`r. Governor, I have received your le ter of the 5th November and the six copies of I,:r.Burgess' collection of the writings and speeches of Benjamin Strong, which you said you were sending. Great thanks are due both for the idea and for the labour which have made available to us the thoughts of one of the foremost pioneers of The copies which you have sent me central banking. I shall distribute to the best advantage and for one of them I am, ever gratefully, Yours G.L.Harrison, Esq. incerely, --. BANK FOR INTERN' SETTLEMENTS BASLE. November 17, 1930. The Governor, Federal Reserve Bank of New York, NEW YORK. Dear Sir: In the temporary absence of the President, I beg to acknowledge your letter of November 5, 1930, and to express to you our sincere thanks for the volume containing the writings and speeches of the late Benjamin Strong, Esq., which you have been thoughtful enough to send us. Faithfully yours, For the President e_ a Alternate of the President. Dr. Burgess has 3s heel that the royalties/Mb his recent book, "Interpretations A of Federal Reserve Policy, which is a compilation of the speeches and writings of the late Benjamin Strong, are to be added to the legacy left by Mr. Strong to be used for the benefit of the Federal Reserve Club. CL.t= timoklre15tion of the ;oyalties is a most way of increasing the size of the Memorial Fund. c..laztocifi.Dabr.tiiktiergereernr" On behalf of the 11011101111101111111%. &-olt 161r- hk4 A.A.rit4-44 Club the Federalist extends to him its deep appreciation 414.4.e6ILA LA- 40., 11--el cAm4 ca,f4=r; 4-U-ae-L9 tkA, 6LILAd4_,AAAAIZILls fra, C4,34.11:4 rAt-6.- /44 ita irk 4A. AL 0).1i etA-AP-G-67,--,-- 41z-. (42. 414.4x.4 10-KAA r 4.,- 77; FEDERAL RESERVE BANK W J BAILEY.GOvERNOR C A WORieGTON. DEPUTY GOVERNOR J W HE ,JEP GOV AND CASHIER JOHN PHILLIPS.J. ASST CASHIER E P TYNER. ASST CASHIER OF M L M4CLURE CHAIRMAN BOARD OF DIRECTORS AND FEDERAL RESERVE AGENT KANSAS CITY G E BARLEY.Assr CASHIER W E PARK.Assr CASHIER 5 H PIPKIN.AssT CASHIER N R OBERWORTMANN,AssT CASHIER W. L PETRIKIN DEPUTY CHAIRMAN BOARD OF DIRECTORS A M MC.ADAMS ASST FEDERAL RESERVE AGENT AND SECRETARY November 17, 1930. Pc:,"orive0 NOV 19 1930 o. Dear Governor Harrison: I am in receipt of the book containing the speeches and articles by Governor Strong on the Federal Reserve System. I aporeciate this very much I have not time to indeed and prize it very highly. read it as I shall read it but in glancing through it I can visualize Governor Strong defending those principles in that way that only he could do. I revere his mE.mory and have the greatest admiration of the influence he had in establishing the confidence of the people in the System. I thank you most sincerely for your kindness in sending me this book. Most sincerely yours, Hon. George L. Harrison, Governor, Federal Reserve Ba New York, N. Y. -; FEDERAL RESERVE BANK OF BOSTON RECEIVED NOV 17 1930 ROY A.YOUNG G. L.. H. GOVERNOR e %tic/4J November 14, 1930 Dear Governor Harrison: This will acknwoledge receipt of your letter of November 5 and at the sane time advise you that Doctor Burgesst book entitled "Interpretations of the Federal Reserve Policy and Speeches and Writings of Benjamin Strong" reached me today. I have glanced through that part of it that I was familiar with and it brought back many pleasant memories. I assure you that within the next twenty-four hours I will have read the document from cover to cover with great profit and enjoyment, and I want to thank you for your thoughtfulness in sending this information to me. With warm personal regards, believe s ever to be Yours sin e Gover Governor George L. Harrison Federal Reserve Bank of New York New York City, N. Y. PecEivEo C.E.MITCHELL 55 WALL STREET NOV 1 5 1930 NEW YORK G. L.. H. November 14, 1930 Dear Governor Harrison, I am deeply grateful for the book covering a collection of the writings and speeches of Benjamin Strong, which came to The me with your letter of November 5th. idea of this book strikes me as most laudable, and I shall look forward with pleasure to giving it a careful reading. urs Mr. G. L. Harrison, Governor Federal Reserve Bank 33 Liberty Street New York City truly, re 40 WALL STREET November 14, 1930. Dear Dr. B 'Hi 1$ ess: Let me thank you most sincerely for sending me a copy of your book and for the charming inscription you have-written into it. I have already started reading your work and am enjoying it very much, indeed. It brings back many recollections of the days that Ben Strong and I spent in common work. With kindest regards, Alw Dr. Randolph W. Burgess, 33 Liberty Street, New York City. PMW.n BEd NOV 15 1930 NEW YORK s sincerely yo rs, 4t, nov4m:lar 14, 1940. Dear Lichteantein: I am happy to send you under :Ifirly4r11-,e cover a copy of Gov-,,raor Strong17. c2echne and writings. While the bank liiitad it is certainly broad oriough to inclu.le you. truly yours, W. Randolph Burgess Yr. waltr Lichtew;tein, Executive Secretary, The First N9ticn!tl Bnnk, Chicago, Illinois. FEDERAL RESERVE BANK MINNEAPOLIS WILLIAM B GEERY November 13,1930. RECEIVED NOV 1 5 19:30 Dear Governor Harrison: 0. I_ H. I am today in receipt of a copy of Dr. Burgess' collection of the writings and speeches of Benjamin Strong, regarding which you wrote me on November 5, and Which I assure you I shall read with a great deal of pleasure. Thanking you sincerely for your kindness- Yours very truly, A!-111, Ar Mr. George L. Harrison serve Bank FEDERAL RESERVE BANK O F ST. LO U I S FEDERAL RESERVE BANK * WILLIAM 13.GEERY MINNEAPOLIS Dear Dr. Bu CI November 13, 1930. GOvERNOR NOV 1 5 1930 W. H. ess: I am today in receipt of copy of your collection of the writings of Governor Strong, which Mr. Harrison kindly sent to me. I have already read the preface and the introduction, which I have enjoyed extremely, and am looking forwarding to starting the rest of the book tonight at home. I think this is a fine bit of work on your part and it will be a great contribution to the Federal Reserve literature. Tours very truly, Dr. W. aandolph Burgess C/ Federal Reserve Bank Nev York, N.Y. FEDERAL RESERVE BANK FEDERAL RESERVE BANK OF SAN FRANCISCO FEDERAL RESERVE BANK Jo7a4bar 1S, 1j50. Dear ea s am enclosing 11c:relit:I fa I- you: la:orL..tion copies of letters which I tinve tddresnea to Uxrpur Brothers au:! to Mr. :ase in aohnontion with the di4osition of taa rvaties f .= tilt; recently 201i2hel book,. rnis acne:a to me 1 110-:,; appropriate way of 'Wing !it) tno _Ize o: tde memorial fund. Elneerel-t yclIrli Mr. Benjamin &trung, Jr., Wo ,01 iinailet;Aa rru6:: 4G Whil Street, Mew York Gity. THIRTY THREE LIBERTY STREET NEW YORK November 16, 1J30. Dear Case: I am enclosing herewith a copy of a letter I have just sent to Harper & Brothers instructing them as to the disposition of the royalties on the recently published book of Benjamin Strong's writings and speeches. I should be glad if you would undertake to receive these royalties and arrange their disposition for the benefit of the fund left by Mr. Strong. This procedure is agreeable to Mr. Strong's sons with whom I have discussed the subject. Sincerely yours, Mr. J. Herbert Case, Chairman, Federal Reserve Bank of New York. New York City. I November 19:0. Dear Sirs: It it my deire that the royalties from the recently published book, "Interpretations of Federal Reserve Policy in the Speeches and WritinL;J of Benjamin Stmlg," should be paid int,o a memorial fund. left by Mr. Strond for the benefit of the employes of this bank. The account of this fund is now handled solely by J. Herbert Case, chairman of the board, and I should appreciate it if until further notice royalty payments would be made to J. Herbert Casd at the Federal. Reserve Bank of Now York. Ver7 truly yours, Harper & Brothers, East 3rd Street, New York City FEDERAL RESERVE BANK OF CHICAGO 230 SOUTH LA SALLE STREET November 12, 1930 PERSONAL: Ft7.oerveno Mr. George L. Harrison FederalReserve Bank of New York New York, N. Y. NOV 14 1930 , Dear Governor Harrison: I am in receipt of dour personally signed letter of NoveMber 5, stating that you have forwarded to me with your compliments a copy of the book recently edited by Mr. Burgess and containing a collection of the writings and speeches of Benjamin Strong. I am grertly delighted that you should have sent me a copy of this work, which I shall vblue highly. Very truly WAHHH H. FEDERAL RESERVE BANK OF CLEVELAN D OFFICE OF THE GOVERNOR Psor-r)c-11 NOV 13 1930 G.L.N November 12, 1930 Dear Governor Harrison: Thank you for sending me, with your compliments, copy of "Interpretations of Federal Reserve Policy" in the speeches and writings of Benjamin Strong. I am naturally very much pleased to have this volume and shall find great interest in reading it. With full appreciation of your courtesy, I am, Si ely yours, .T.-2-t-Irlc Mr. G. L. Harrison, Governor, Federal Reserve Bank of New Yo New York, N. Y. , 1:4 FEDERAL RESERVE BANK OF RICHMOND November 12, 1930 Governor G. L. Harrison Federal Reserve Bank New York, N. Y. Dear Governor Harrison: I am very !,rateful to you for sending me a collection of the writing end speeches of Governor Strong edited I am fortunate enough to have been a rather close by Dr. Burgess. observer of Governor Strong in action since the beginning of the Federal Reserve System, and particularly during the four years that I learned to regard him ',Pith atfection and I was in Washington. with a great deal of admiration, and I am happy to be the owner of a collection of his speeches and writings. Always with sincere regards, I am Faithfully yours W. W. Hoxton Chairman and Federal Reserve Agent FEDERAL RESERVE BANK OF PHILADELPHIA 10 THIRD DISTRICT RICHARD L,AUSTII1. CHAIRMAN OF THE BOARD t November 12,1930 AND FE0k17ZRESERVE AGENT i I NOV 13 1930 George L. Harrison, Esq. Govenor, Federal Reserve Bank, New York, N. Y. G. L. H. Dear Governor Harrison It was quite unexpected to be favored with Governor Strong's writings and speeches, and I appreciate very much the book containing them received this morning, which you so kindly sent me. Governor Strong was so dominating an influence in the development and operation of the Federal Reserve System that this book will make most interesting reading and be a helpful study for those who still are connected with the System. Thanking you for remembering me, and with best regards, believe me, Very truly yours, Chairman W. E. S. STRONG, M. E. 31 NASSAU ST. N Y. November 12th, 1930. Dr. W. Randolph Bu ess, c/o Federal Reserve Bank, 7-rew vork City. Lear Dr. Burgess:- I wish to acknowledge, with many thanks, receipt of the volume you have prepared covering my brother Ben's articles and speeches on Federal Reserve matters. While unable, of course, to grasp the value of his statements, from lack of experience in such matters, yet I will read it with great interest, owing to numerous discusssions I had with him over matters relating to the System. A.,,Aain thanking you for forwarding this volume to me, I am, Very truly yours, FEDERAL RESERVE BANK OF RICHMOND November 12, 1930. RP:OE:WE:0 NOV 13 1930 Dear Governor Harrison: I am just in receipt of your letter of the 5th, and there arrived by the same mail the book to which you referred, a collection of the writings and speeches of our greatly admired and I am very much respected Benjamin Strong. pleased to have a copy of the book, and after I have read it I think the very best place for it will be in our library, where officers and employees may have access to it. Cordially yours, GJS -CCP ilar.Georae L. Harrison, Federal Reserve Bank of New York, New York City. H. FEDERAL RESERVE BANK FEDERAL RESERVE BANK OF MINNEAPOLIS NINTH DISTRICT OFFICE OF THE CHAIRMAN AND FEDERAL RESERVE AGENT 'RECEIVED JOHN R. MITCHELL CHAIRMAN AND FEDERAL RESERVE AGENT 140 1 4 1930 0. L. H. Nov. 12, 19 3 0. Dear Mr.Harrison: I have your esteemed favor of the 5th instant, informing me that you are sending a copy of the book prepared by Mr. Burgess containing the writing and speeches of Benjamin Strong. I assure you that this will be greatly appreciated, as no one admired Ben Strong for his sterling qualities and ability more than the writer. Mr. George L. Harrison, Governor, Federal Reserve Bank, New York. FEDERAL RESERVE BANK M. L.M.0 L Up C. 0F BOARD OF DIRECTORS AGENT DERAL RESERVE VP-!. L. PETRI KIN KANSAS CITY DEPUTY CHAIRMAN BOARD OF DIRECTORS A.M. MADAM S. ASST FEDERAL RESERVE AGENT .overiber 12, 1930 AHD SECRETARY W J BAILEY. GOVERNOR C A WORTHINGTON, DEPUTYGOVERNOR J W HELM, CAS., JOHN PHILLIRS.JP.ASSICSHIER E. P. TYNER. Ass ,-CASHIER G. E. BARLEV. ASST CASHIER M W E PARK. ASS, CASHIER G H PIPKIN. Ass,. CASHIER RE:CFIVF-0 NOV 14 1930 L. Mr. G. L. Harrison, Federal Reserve Bank of :7ew York, New York, N. Y. Dear 1:r. Harrison: v/ Your letter of the fifth received, and the book of writings and speeches of Benjamin Strong also came to hand. I appreciate very much having this book, and I know it will I be very interesting as well as instructive. was always delighted to hear and see him when I was in Washington. 7ith regards, I am McC/L WALTER LICHTENSTEIN EXECUTIVE SECRETARY THE FIRST NATIONAL BANK 0 OF CHICAGO November 12, 1930 Dear burgess: If your bank is distributing the edition of Governor Strong's "Speecnes and hritings", do you suppose I might be favored with a copy also. of course, appreciate it very much. I should, However, if I can- not get one free of charge, I shall buy one, so do not hesitate to turn me down. Sincerely yours, Dr. W. Randolph Burgess, Deputy Governor, Federal iteserve Bank of New York, New York, N. Y. FEDERAL RESERVE BANK THE FIRST NATIONAL BANK CHICAGO MELVIN A TRAY LOR PRESIDENT Aovember 12, 1930 Dear Mr. Bu ess: 4// I am happy indeed to have the compilation of Governor Strong's writings and speeches which you have prepared. I am sure all of us entertain something of the same character of high regard for the late Governor, and I can think of no finer tribute you can pay him than this work of gathering together for his friends his sound contributions to the economic literature of the country. With personal regards, Sincerely yours, Mr. W. Randolph Burgess, Federal 'reserve Bank, New York, N. Y. 14. THE PEOPLES NATIONAL BANK HOO SICK FALLS, N.Y. DELMER RUNKLE, CRAIRMAN or rue BOARD I. BURKE SURDAM. JR.. PResmErrr FRED N. STEVENS. VICE PRESIDENT JOHN T. CAH/LL, VICE PRESIDENT ARTHUR A. Mc LINDEN. CASHIER November 11, 1930. Mr. George A. Harrison, Governor, Federal Reserve Bank of New York, Federal Reserve Station P. 0., New York City. My dear Governor: I am in receipt of your favor of the 5th inst. advising me that Mr. Burgess of the Federal Reserve Bank has been making a collection of the writings and speeches of Benjamin Strong and editing them for inclusion in a book and that you are sending me a copy of this book under separate cover with your compliments. The book has been received and I appreciate and wish to thank you very much for same. I shall greatly enjoy reading it and certainly appreciate having a copy. I am, Yours very truly, DR/M Lord & Taylor 46 424 FIFTH AVENUE NNW YORK OFFICE OF THE PRESIDENT November 11, 1930 Mr. George L. Harrison, Federal Reserve Bank of New York, 33 Liberty Street, New York, N. Y. Dear Mr. Harrison: Thank you very much for your letter of November 5th, accompanied by a volume, "Interpretation of Federal Reserve Policy," as set forth in s)eecl:es of the late 3enjamin Strong. This is a book of great value to anyone interested in banking. I an)reciate the gift very much. sincerely yours, SWR HW BAKER, HOSTETLER E9- SIDLO NEWTON D. BAKER JOSEPH . HOSTETLER FRANK E. STEVENS ROGER C. HYATT M. DE VAUGHN RAYMOND T. JACKSON CLAYTON A. OUINTRELL SYDNEY FAIRBAKJKS JOSEPH R. FAWCETT PAUL W. FRUM JOHN ADAMS THOMAS L. SIDLO PAUL PATTERSON BENJAMIN F. FIERY HOWARD F. BURNS ILLIAM H. BEMIS MYRON B. McCAMMON LOCKWOOD THOMPSON DONALD D. WICK JOHN C. MORLEY THOMAS J. EDWARDS T'NION TRUST BUILDING CLEVELAND November 11, 1030 Major W. Randolph Bu Federal Reserve Bank New York City Dear Randolph: Your collection of the writings and speeches of Mr. Strong arrived yesterday and I put it on my reading Mr. Strong shelf with real anticipation of its contents. always seemed to me to be the most philosophical banker I ever knew and so far is concerned, of course, he knew it better than anybody. With warm and grateful reg-rds, believe me Cordially yours, NDB:C Newton D. Baker the F TOMPKINS COUNTY NATIONAL BANK N.Y. ITHACA, THE UNDERSECRETARY OF THE TREASURY WASHINGTON November 11, 1930. Dear Dr. AU7 /ess: I received your compilation of speeches and writings of Governor Strong this morning. I am very glad to have it and many thanks for sending me a copy. Sincerely Ogdef L. Mills, Undersecr lary of the Treasury. Dr. W. Randolph Burgess, Deputy Governor, Federal Reserve Bank, New York, N.Y. I 2 0 BROADWAY, NEW YORK ROOM 2555 : rAl 4 . C .4 'a e. ..t 74,P ', 4. ,,..:. ,.., OWEN 0 - OUN Novenber 11, 1930 it' 111!!--qi4 !..!1', , P-31,.. K'LLkitTil.,4 Miss M. McCarrick, Secretary to Governor George L. Harrison, Federal Reserve Bank, 33 Liberty St., New York. Dear Miss McCarrick: Knowing, of course, that Governor Harrison hss sailed for Europe, this note is merely for your records that the volume containing the writing and speeches of Benjamin Strong which Governor Harrison sent to Mr. Young has been received. I shall be delighted to bring it to Mr. Young's attention upon his return. Very 34il1 y yours, THE JOHNS HOPKINS UNIVERSITY BALTIMORE, MARYLAND POUTWAILNOMY JACOB H. HOLLANDER GEOR0i, E. BARNETT November 11, 1930. WILLIAM 0. WETFORTH BROADUS MITCHELL GEORGE H. EVANS. JR. ROY J. BULLOCK HOWARD E. COOPER ss, Mr. W. Randolph Bur Federal Reserve Bank of New York, New York City. Dear Yr. Burgess: It was kind to send me a copy of the fine volume you have edited of Governor Strong's speeches and writings. Your introduction is most sympathetic and from the nature of things as detailed as is possible. Now and then a man passes leaving a great. Lap that will not be filled and only imperfectly grown Such is the passing of Governor Strong. As a over. personality, you of all others know that we shall not soon look upon the like of him again. As a constructive influence in the development of the Federal Reserve System, the loss is irreparable. With kind regards to you and my other friends in the Bank, believe me Faithfully yours, ovember 11, 1930. Dear Ur. Van Deusen: For soma past kr. c. urgers of this bank has been at work making a collection of the writings and speeches of Benjamin Strong and editing thorn fo: inclusion in a book which might mike these documents available to hankers and students of banking and eeoaomics generally. 2hi;; work is now completed and, thinking that it may pi:rove of interest, it gives me great pleasure to send you a copy under separati; covf menbs. Faithfully yours, J. E. Crane Deputy GovraJr Uz. Walter Vaii Deuaan, C/o Binaeo Gentrale, chile, Santiago. with my compli- or November 11, 1910. Dear Mr. Bogziano: For some time past Mr. Burgess of this bank has been at wort making 1 collection of the writings and speeches of Benjamin Strong and editing them for inclusion in a book which mifnt make the -e documents available to bankers and students of beating and economics generally. Thi: work i no.s. completed and, thinktnz that 17, may prove of interest, it gives me great pleasure to Dead you a copy under separate cover with my complk- ats. Faithfully yours, J. 1,i. Crane Depu4 Covozuor Mx.. Ernesto Boggiano, Reneger, Reserve Bank cif Peru, Lima, Peru. of ksk.t 11> Minrember 11, 1950. Dear Mr. Lagorreta: For some tie Est Mr. Burgess of this bank has been It work making a collection of the writingn and speeches of Benjamin Strong and editing them for inclusion in a book which might make these documents available to bankers and students of ban,:ing and economics generally. This work is no- completed and, thinking that it mw prove of interest, it gives me great plelsure to rood you three copies under separate cover with my compliments. Faithfully yours, J. E. Crime Deputy Governor Mr. Agustin Legorrota, Managing Director, Banco Nacional de Mexico, S. A., Mexico City, Mexico. THIRTY THREE LIBERTY STREET NEW YORK boovember 10, 1930 Dear Dr. bt est.>: I am grateful to you for the volume of speeches and writings of Governor Strong. I know it will be Adely read and I congratulate you upon the manner in which it has been edited. Very truly yours, Dr. w. Randolph burgess, Deputy Governor, Federal Reserve Bank of New York, New fork, A. Y. -r4A aatarlit ff. /1~ Otoo4,,v. November 10, 1930 Mr. W. Randolph Burgess Federal Reserve Bank New York, N. Y. Dear Mr. Bur Mr. ss: -.,trongls speeches and ,ritings have come, and I am very glad indeed to have them. I admire him very much and you have done a great service in making his utterances available. Yours sincerely. WILLIAM II. Woo D IN 00 CHURCH STREET NEW Yowl( qfP November 10, 1930 Hon. G. L. Harrison, Governor, Federal Reserve Bank, New York Dear Governor Harrison: Please accept my sincere thanks for the book which you have sent me,- a collection of the writings and speeches of Benjamin Strong. I shall certainly read it with great interest. With kind regards, Yours very truly, CAsJzr-co FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE TO THE FEDERAL RESERVE BOARD November 10, 1930. N251- Dear Governor Harrison: I have your note of November 5th, and am eagerly awaiting the receipt of Mr. Burgess' book on Governor Strong. go over it with the greatest interest. Sincerely yours, Hr. George L. Harrison, Governor, Federal Reserve Bank, New York, Y. Y. I shall GEO. R.LJAMES 290 TREASURY BUILDING WAS H I NGTON , D. C. 7ovember 10, 1930. Yr. George L. Harrison, c/o Federal aeserve ank, 7.Tew York City. Dear Harrison: Your very kind letter of the 5th reached me this morning and I appreciate greatly your kindly courtesy in sending me a copy of the collection of writings and speeches of the late 'trong. I shall look forward to the coming of the book with very great interest for I am sure that it is a real contribution to the banking and economic knowledge of the world. Yours very truly, FEDERAL RESERVE BOARD WASH INGTON OFFICE OF GOVERNOR November10, 1930. Honorable George L. Harrison, Governor, Federal Reserve Bank, New York City. Dear Governor Harrison: Please accept my thanks for your note of November 5 and for your courtesy in sending me a copy of the collection of the writing and speeches by Mr. Benjamin Strong. I am very glad to have the book and I shall read it with much interest. With cordial regarthirf erely yours, 1/7e,*,eet a cYreee*arii November 10, 1930 Dear Mr Harrison: Thank you very much for sending me Mr. Burgess's book of the writing and speeches of Benjamin Strong. I am very glad to have it and most appreciative of your thought in sending it to me. Yours faithfully, Mr. George L. Harrison, Governor Federal Reserve Bank of New York New York City 1 0 1930 4* November 10, 1910. Dear !,ir. Youngman: Let me/thank you for your very interesting and agreeable letUr of November 7. I am sure that your men- tion of the book in the Bankers Magazine will accompltsh the purpose I Lad in mind of making the book known, and I shall be much interested in th comr.:ents wnich you may make. With cordial regards, Sincerely yours, ;fir. Elmer H. Youngman, Editor, Bankers Magazine, 71-7:5 Murray Street, New York City. TIRB.11 PRINCETON UNIVERSITY INTERNATIONAL FINANCE SECTION ( Department of Economics and Social Institutions) Princeton NewJersey November 8, 1930 Mr. W. Randolph Burgess Federal Reserve Bank of New York New York City Dear Burgess: I appreciate very much your kindness in sending me the book containing the important speeches of Benjami4 Strong. As a great admirer of kr. Strong and also a friend, I shall read these speeches with much pleasure. It was good to see you again the other evenI was sorry to have had ing at Li.. Rovenskyls dinner. to leave so unceremoniously early in the evening to catch my train for Princeton. It was a very pleasant gathering. I would like to get from the Federal Reserve Bank the latest data it has on the subject of the rate of deposit turnover.. Will you kindly let me have such information as is available. I am coming in to see you in the near future on one of my trips to New York. Ordinarily I am in the City at least once a week and usually on Thursday. Sincerely yours, INGERSOLL-RAND CO. 11 BROADWAY 4IP EXECUTIVE OFFICE NEW YORK e-c-f,.8,1930. j George L.Harrison,Esq., Governor, Federal Reserve Bunk of New York, 33 Liberty St.,New York. My dear Mr.Harrison:Xr.Saunders has been away for many months on a trip around the trip. He 13 at present in France. On his behalf I thank you for your letter of the 5th and the book "Interpretations of Federal Reserve Policy, .n the Speeches and Writings of Benjamin Strong" which you have been kind enough to send him. I shall hold it for Mr.Saunders and I know that on his return he will read it with much interest and pleasure. Sincerely yours, Carmen Latasa, Secretary to Mr. Saunders. F. ABBOT GOODHUE. NEW YORK. PRESIDENT CHARLES S MCCAIN. NEW YORK CHAIRMAN, EXECUTIVE COMMITTEE H. G. P. DEANS. CHICAGO, VICE PRESIDENT PERCY -I HARRY SALINGER, CHICAGO. FIRST VICE 'OHNSTON. NEW YORK. TREASURER CHAIRMAN, EXECUTIVE COMMITTEE GEORGE E. PIERCE. BOSTON. SECOND VICE N. NEW YORK. SECRETARY ROBERT CHAIRMAN. EXECUTIVE COMMITTEE AmericonAcceptume Corti)Atil BroCIclutycIi Levu Zj )rk 12 0 orneo or fIU Execuitvo Seoret(tili NOVETTB7R 7 th 1 9 3 0 Dr. W. Randolph Sur Federal Reserve Ban 33 Liberty New 7ork City. Dear Dr. Burgess:- ss, of New York, )\ ko( I have yours of the 6th instant accompanying a copy of the new book containing the speeches and writings of the late Governor Strong which you were good enough to send me. Our current Bulletin is going out today so that I will not be able to give it deserves but this fine book the at will see to it that a revie- is carried in the next issue. I expect this book will be eagerly taken by a large number who will appreciate the record of Governor Strong's views on the Federal Reserve System and its operation. With kind regards, I am TT gr v yours, e :Jecretary ESTABLISHED 1846 THE BANKERS MAGAZINE g)ablish,ed by THE BANKERS PUBLISHING COMPANY 71 - 73 MURRAY STREET NEW YORK, U . S . A. CABLE ADDRESS BANKMAG, NEW YORK November 7th.,1930 Dr. W. Randolph Burgess Deputy Governor Federal Reserve Bank of New York 33 Liberty Street New York, N.Y. Dear Dr. Burgess:- Thank you very much for sending me a copy of "Interpretations of Federal Reserve Policy." Already I have read your very fine introduction and also the concluding chapter. In the latter I find a statemPnt on page 313 which has interested me greatly and is especially pertinent to much of the monetary discussion going on these days. This statement is as follows:"I do not believe and have never believed that any method of fixing the general level of commodity prices can be devised which would enable a monetary and credit policy by a bank of issue to accomplish that object." A statement made by the late Congressman dingo on page 330 has also strongly appealed to me. He raises this question;" That is there in our experience as a people to say that a political board sitting at Washington can tell any one in this country how more efficiently to conduct his business?" From conversations I have had with you, I am sure you will understand why both of these statements have been so greatly appreciated by myself. At the first opportunity I shall read the entire volume and will then make a careful review of it for publication in The Bankers kagazine and I have no doubt that several of the statements contained in the book will furnish text for editorials in The Bankers Magazine. It does not occur to me at the moment how I can be of substantial assistance in making the book known to the public other than by the means above stat4but you may be sure of my readiness to co-operate with you in the attainment of this object. This book brings into strong relief the very great services to our own country and to the world at large which Governor Strong rendered by his wise and constructive policies. !y only regret is that some of us did not fully appreciate this distinguished service during Governor Strong's lifetime. SHY: L With kindest personal regards, I am ordia ly yours Elmer H. d i ;frZ,117-4-*--.* 0 r ' V W itv November 7, 1970. Dear Doctor Schacht: It glves me great pleasure to sead you under separate cover a copy of a book in which are gathered together the import.ant. speeches and n-ritings of Benjamin Strong which I think: you will find of interest. ath cordial req;ards Sincerely yours, W. Randolph Burgess Deputy Governor Dr. Hjalmar Schacht, 15, Dessauer Strasse, Berlin-Zenlendorf, Germany. TiRE.11 No-Tea:bar 7, 1L O. Dear Mr. Traylor: Aftur a good many months there iz at lavt completed the book of Kr. Stronglh writirlfw and which I have be working on. ..pee,-...hes I know that you will enjoy it, and I am sendinii; you a copy under separate cover. 3incerely yours, Mr. Aelvin A. taylor, ire..d:zlat., First ,+-Itional lAaa.L. or ,..:hicazo, Gismo, Illinois. RIB .11 Nuvaabe 7, 1J :O. Pear ?rofessor hollander; Afttia a good many mouths there is at last coo- 2letA the book of Mr. -;:ron's writings and speecnes 7!Itch I have been workini; oa. I knAv tnat yoU will aajoy it, and I are sendin6 you a copy u.tdcr :.,,eparate cover. Sinocraly yours, Pi ofewFer Jacob Hollander, John Ilopkins University, Taltimo7e, Md. 7913.H November 7, 19n1. Dear Mr. Baker: After a good many months there is at last completed the book of Mr. Strong's writings and speeches which I have been working on. it, an I know that you wjll enjoy I am sending you a copy under se?arate cover. Sincerely yours, Honorable Melton P. Daker, Union Trust Coati/au, Clovelrnd chin. November 7, 1970. Dear Mr. Mills: It give::: me pleazure to send you under separate cover a book znich I may have mentioned to you containing the ;peaches and writings of Benjamin Strong, which I have been working on for some months. Very truly yours, Honorable Ogden L. Mills, Undersecretary of the Trea3ury, WaAington, D. C. 11118.13 Noveiber 7, 137)0. Dear Pierre: It gives me great pleazure to usud you under aspirate cover a copy of a book in which are othered together the important r,peech:3s and writings of Benjamin Strong 7hich I thin...c you will find of interes:. We have already mailed several copies to Mr. iicesarfah, but wanted to send ane to you personally.in addition. Very truly yours, Mr. Pierre Queangy, C/o Beak for International Settlements, Basle, Switzerland. Noveber 7, 1970. Dear Professor Kemmerer: It gives me great pleasure to rend you undrr separate cover a copy of a book in which aro gathered together th.., important speeches and -7ritings of Benjamin Strong, which I tnin,c you 'ill find of interest. With cordial regards, sincerely yours, Professor E. W. Kemmerer, Princeton University, Princeton, New Jersey. November 6, IWO. Dear dr. Forbes: There is being zsiant to you under eva.rate cover ° bopy of a boor of Lenjamin Strong's 4eaohe3 :and nritings,which Z 944 mire you will find interesting because I kuow Li' your high regard for gr. Strong. Perhaps you will thinx aome vey- of aiding in mAkiAg tao book known to that very large public uhiat you reach through your various can:noels.. It is relertsed for !,vas' fir 12. Very truly yours, ii. itaudolpil Burgess ve.7 ler. B. C. Forbee, 12.0 Fifth Avenue, Sew York City. Dear Mr. Younzaaa: Under separate or I am you a copy of a Look just completed of she speachev and of 1.;enj.a=:. widen I am cure you Trill find ol iutorebt. I al:;o have in thf-) back of ay mind the tneuht it you at4 be able to be of Tii:Istantial asni5t7inco in linking the book kac' t o your public. be mob apprecintA. Anythin y u can do in this direcUon will It is release 2 Cur Uoveabr Sincerely yours, . Paradalpti 1.1o2uty G Mr. H. Ton:::man, Baucru magazine, 71. Knrrry P:trcet, New York City. Burgeos novabber 6, IVO. Deare0? Gilder: Under separate cover I am sending you a opy of a book just coMpleted of the speeches and writings of Benjamin Strong, which I am sure you will find of interest. I also have in the back of any mind the thought that you may be able to be of substantial assintance in making the book known to your public. Anything you can do in this direc- tion will be much appreciated. It i5 keleased for November 12. Very truly yours, W. Randolph Burgess Deputy Governor Mr. Rodman Gilder, C/o The national Association of Credit deli, 1 Park Avenue, New York City. WRB K November 6, 19M. Dear Mr. Li;pmann: Under separate cover I take pleasure in seailing you a collection of the opeeche2 and writings of Benjamin strong, whicn I think you will find of interect, and whic:a may assist you with ammunition fo your canon. leased for November 12. Sincerely yours, Mr. Walter Lippman, C/o The World, Pulizer Build:Inc New York Cit.. WRI3. It is re- -L;ovomber 6, 19ZO. Dear fir. Orowther: Undar .separate cover I as sending you a cox of the Benjamln Etrong maim you and I have ascuosed before. 13 just off ..he prdss and is released for November 12. you will find it interesting, and it occurs to u It I hope you may see some ray of helpiag to launch it on the wo:16, since I know your great interest in Ur. Strong and hi work. Very truly yours, `:. Randolph Bur,L;oss Deputy. Governor. L. Samuel Crowther, Berztla, LIne; D1amd4 111103.11 Novesiber 6, 19:20. Dear :Ir. Bean: Under aepAreite cover I am sanding you a copy of a book just comeleted of the speeches and writings of Benjam.i.n Str,mg, which I am sure you will find of interest. I als,; have in the back of my m"nd the thought that you may be able to be of substantial assi.rtance in making the book known to your public. Anything you can do in thi..7 direc- It iv teleased for November 12. tion will be much appreciated. Very truly yours, W. Randolph Burgess Deputy Governor Mr. Robert a. Bean, Ai orican Acceptance C:ouncill 120 Broadway, New York City. WIIB.11 Ziovatiber 6, 19W. Dear lir. rioukz sopar!Itu cover I am dandingym n co pT of book juat complete:a of the speeches and rritingr of Denj=da .(..t3.oug, willed I au ::are you will find of intrweiA. I al= Lhve to bacX of ,74 nAud the thou3ht tdat you glay be able tc be cr substantial assistance in making t.ho b4ok kuowa to your public. will bu much appreciated. AuytAihg you can 6o in thin direction Lt in reletucd fc.r HoveMbcr 12. Very truly yours, W. RanUolph Uurgess Deputy GawernoT. i1r. Howard nook, (jo 32 Nassau Street, Now York City. Aiga4 - 16 Pt, 11 ... [4(1 'le L4 1314tit r ; .,g 74 0414 V711 Noveiber 6, 1930. Dear Noyes: I am :=ending alont; under separate cover a copy of a book of Govornor Strong, s spoechos 7.hd writinzs which I think I mmtioned to yo before. It is juat off the press and is re- lelsed for NovambJr 12.' I belicve that the uaual raview copy is being seat to the Tiae5, and I ha7a also given one to Bell, but I claew you would lice one yourself and would be intercvted is: seeing that i was properly launched on tha World. It would be nice if you could see your may to reviewing it in tha book 3ection. Sincerely yours, Mr. A. D. Noyes, C/o New York Times, 229 West 4::rd Street, New York City. TH13.K 4'. 44 November 6, 19Z0. Dear Sprague: We are mailing to Governor Norman half a dozen copies of the book of Governor Strong's speeches and writings which has just come from the press. One of these copies is intended for you, but we mailed them all together as that was probably the easiest way of doing it, and I have no doubt that the whole half dozen can find someone to adopt them at the bank. I hope gel will like the general scheme and arrangement of it, aad I know you will enjoy going over the documents, net the lust valuable of which is the address before your students et Iarvard. I remember that Then we launched my book someone at the 7.ank of England, I think was Lubbock, was good enough to give some thought to the question of proper publicity in London, and I think talked with a number of the writers. I have taken the liberty of suggesting to Harpers that they have their London man call ueon you to discuss this question, for I know that you will be interested in thedietribatjeft of the book. Harpers Till have a number of review copies to distribute, and you and some of the others can probably give them ideas as to where they ahoul:'. go. Layton, of course, should get a copy, and editors of other important economic journals, ac well as the London Times and some of the press. But you will know muci more about that than we do. I suppose that George will be there when you get this note, and that you will be having a good time with him. I wish I were with you. Sincerely yours, Mr. O. M. W. Sprague, Cio Bank of En71and, London, Aegland. November 6, 1930. Dear iLr. Rukeyser: Mere is beik; sent to you under separate cover a copy of a book just from the press containing a collection of the speeches and writings of Benjamin Strong. I have in the back of my mind the notion that perhaps you can see same way to help in making the book known to your wide public. It is released for November 12. Sincerely yours, W. Randolph Burgess Deputy Governor Mr. Merryle S. Rukeyser 2860 Broadway, Now York City. November E, 1930. Dear Mr. Treman: For some t!..rle nest Mr. BurgenT of this bank has been at work making a collr3etion of the writings and speeches o Benjamin Strong aid editing them for inclusion in a book which might make these documents available to bankers and students of banking and economics generally. This work is now completed, and it gives me great pleasure to send you a copy under separate cover with my complimqnts. Faithfully yours, Mr. R. R. Treman, Ithaca, New York. A COPY OF THIS LETTER WAS SENT TO EACH OF THOSE ON THE ATTACHED LISTS. November 5, 1930. Dear For some time past Mr. Burgess of this bank has been at work making a collection of the writings and speeches of Banjamin Strong and editing them for inclusion in a book which might make these documents available to bankers and students of banking and economics generally. This work is now completed it and, thinking that they may prove of interest it gives me great a copy copies under separate cover with my pleasure to send you compliments. Faithfully yours, ATTACHED LEitAR WAS SENT TO EACH OF THE FOLLOWING A COPY OF Federal Reserve Board Honorable Eugene Meyer Mr. Charles S. Hamlin Mr. Adolph C. Miller Mr. Edward H. Cunningham Mr. George R. James Governors of the Federal Reserve Banks Hon. Roy A. Young, Boston, Mass. Mr. James B. McDougal, Chicago, Ill. Mr. George W. Norris, Philadelphia, Pa. Mr. William McC. Martin, St. Louis, Mo. Mr. E. R. Fancher, Cleveland, Ohio. Mr. W. B. Geary, Minneapolis, Minn. Mr. George J. Seay, Richmond, Va. Hon. W. J. Bailey, Kansas City, Mo. Mr. Eugene R. Black, Atlanta, Ga. Mr. Lynn P. Talley, Dallas, Texas. Mr. John U. Calkins, San Francisco, Cal. Chairmen of the Federal Reserve Banks Mr. Frederic H. Curtiss, Boston, Mass. Mr. William A. Heath, Chicago, Ill. Mr. Richard L. Austin, Philadelphia, Pa. Mr. Rolla Wells, St. Louis, Mo. Mr. George DeCamp, Cleveland, Ohio. Cdr. John P. Mitchell, Minneapolis, Minn. Mr. W. W. Hoxton, Richmond, Va. Mr. M. L. McClure, Kansas City, Mo. Mr. Oscar Newton, Atlanta, Ga. Mr. C. C. Walsh, Dallas, Texas. Mr. I. B. Newton, San Francisco, Cal. A COPY OF THE ATTACHED LETTER WAS SENT TO EACH OF THE FOLLOWING Directors of the Federal Reserve Banks of New York Mt. Charles E. Mitchell, National City Bank, 55 4all Street, New York, N. Y. Mr. Delmer Runkle, Peoples National Bank, Hoosick Falls, New York. Mr. Samuel 4. Reyburn, Lord & Taylor, Fifth Ave. & 38 Street, New York, N. Y. Mr. T. W. Stephens, Bank of Montclair, Montclair, New Jersey. Mr. Theodore F. Whitmarsh, Francis H. Leggett & Company, Thirteenth Ave. & 27 St., New York, N. Y. Ur. William H. Vioodin, Mr. Clarence M. Woolley, American Radiator Company, 40 iest 40 Street, New York, N. Y. Mr. Owen D. Young, General Liectric Company, 120 Broadway, New York, N. Y. Pres., American Car & Foundry Co., 30 Church Street, New York, N. Y. Miscellaneous Honorable Carter Glass, Richmond, Va. Mr. William L. Saunders, 11 Broadway, New York, N. Y. Mr. Jackson E. Reynolds, First National Bank, New York, N. Y. Mr. R. H. Truman, Ithaca, New York. Foreign Doctor G. Vissering, Pres., De Nederlandsche Bank, Amsterdam, Holland. (3) Mr. A. N. Diomede, Governor, Banque de Greco, Athens, Greece. (1) Mr. Gates W. MeGarrCI, Pres., Bank for Internat'l Settlements, Basle, Switzerland. (6) Dr. G. G. Van Buttingha Wichers, President, De Javasche Bank, Batavia, Java. (1) Numeral indicates number of copies sent. Mr. I. Bailony, Governor, Banque Nationale du Royaume de Yougoslavie, Belgrade, Yugoslavia. (1) Dr. Bans Luther, President, Reichsbank, Berlin, Germany. (6) Mr. Julio Caro, Manager, Banco de is Republica, (1) Bogota, Colombia. M. Louis Franck, Governor, Banque Nationale de Belgique, Brussels, Belgium. (3) 3 A COPT OF THE ATTACHED LETTER WAS SENT TO EACH OF 'IBE FOLLOWING Foreign Mr. Dinitri M. Burillianu, Governor, Bancue Nationale de Roumania, (2) Bucharest, Roumania. Mr. K. Vanags, Director General, Latvijas Banka, (1) Riga, Latvia. Dr. Alex. de Popovics, P. C., Governor, Magyar Nemzeti Bank, Budapest, Hungary. (2) Prof. Bonaldo Stringher, Governor, Banes. d'Italia, (2) Rome, Italy. Mr. Risto Ryti, Governor, Finlands Bank, (1) Helsingfors, Finland. Mr. Asaen Ivanoff, Governor, Banque Nationale de Bulgaria, Administration Centrale, Sofia, Bulgaria. (1) Rt. Hon. Montagu C. Norman, D.C.O., Bank of England, (6) London, England. Sveriges Riksbank, Stockholm, Sweden. Mr. F. Silveira Zorzi, Subgerente, Bank of Republic of Uruguay, (1) Montevideo, Uruguay. Mr. E. C. Riddle, Governor, Commonwealth Bank of Australia, Sydney, Australia. (1) Mr. N. Rygg, Governor, Norges Bank, (1) Oslo, Norway. Mr. Hisaakira Hijikata, Governor, Bank of Japan, Tokyo, Japan. (6) Mr. Clement Moret, Governor, Banque de France, (6) Paris, France. Dr. Richard Reisch, Pres., Oesterreichische National Bank, Vienna, Austria. (2) Dr. William Pospisil, Governor, Narodni Banka Ceskoslovenska, (2) Prague, Czechoslovakia. Dr. Wladyslaw Wroblewski, President, Bank Polski, (2) Warsaw, Poland. Mr. W. H. Clegg, Governor, South African Reserve Bank, Pretoria, South Africa. (2) Doctor G. Bachmann, President, Banque Nationale Suisse, Zurich, Switzerland. (3) Numeral indicates number of copies sent. (1) HARPER &BROTHERS PUBLISHERS NEW YORK AND LONDON ESTABLISHED :017 CABLE ADDRESS: HAPPSAM TELEPHONE:ASHLAND1900 49 EAST 33" STREET, NEW Yoltli,N.Y. October 18, 1930 Dr. W. Randolph Burgess 33 Liberty Street Yew York City Dear Dr. B uses 4/7 I have personally taken in hand the several selling letters and hope that the enclosed draft will more nearly meet with your anproval. Please let us have it back promptly with your suggestions. Ordway Tead Economic and Business Books OT:dc AMEfZICAN BANKERS F. N. SHEPHERD, Publisher JAMES E. CLARK, Editor and Business Manager WILLIAM R. KUHNS, Associate Editor JOUR,NfiL Published Monthly at 110 E. 42nd STREET NEW YORK CITY ASHland 8700 October 10, 19;50. Dr. ;. Randolph Burg , Federal Reserve Bank f Eew York, Federal Aeserve P. O. Station, ;ew York, N. Y. Dear doctor Burgess: I am answering your letter of October 9th for Mr. Clark who is ill and absent from the Thank you for sending us a proof of the Preoffice. face and Introduction concerning Governor Strong. As soon as Mr. Clark is back at his desk, I am sure that he will enjoy reading it. I look forward to seeing the volume itself when it is published and reviewing it in the Journal. very truly yours, Associate Editor. ila:JM HARPER & BROTHERS PUBLISHERS NEW YORK AND LONDON E 57A BL151-4 ED 1017 CABLE ADDRESS: HARPSAM TELEPHONE:ASHLANDI900 49I tEAST 33' STREET, NEw .1. . bloat 25, 1930. Dr. W. Randolph Burgess, 33 Liberty Street, New York City. ' Dear Dr. eSS: This will acknowledge the frontispiece and photograph and also your request about the index, which I thoroughly agree with. I assume you will prepare it from the page proofs you have had in hand and will return it to us soon after you have the page proofs. I trust this will not be much longer delayed. C"artrartrittirW7- Ordway Tead Economic and Business Books MO 110 EAST 42,:n? STREET NEW YORK July 7th, 1930 Dr. W. R. B gess Deputy Governor Federal Reserve Bank of New York New York, New York Dear Dr. Burgess Ben has sent me the proofs of this week-end I have gone over them. Neither any criticism to make, either constructive or o-rsonally, feel that the bo3k is a v-ry fine that you are to be much congratulated on your matter. your book and over Ben nor I could find destructive and I, niece of cork and handling of the With best regards, I am Yours .ry sincere L41, PGS:S .k._ t4I-C-1<-417,72) A 0 auk of a7ruk-tt NEW YORK BENJAMIN STRONO.JR. ASSTNICEPRESIDENT July 2, 1930. Dr. W. Randolph Bu 33 Liberty Street New York, N.Y. Dear Dr. Burgess: I finally finished going over the book and suggest very little in the way of changes. I am sending it today to Phil. and will ask him to get it back to you as soon as possible. I do not think it is necessary to take it up with any of the other members of the family but I did ask Mr. Warburg to look it over and he was very complimentary in his remarks about it. I am leaving tomorrow night for the Vest Coast and will be back around the first of August. With best regards, Sincere y PRESIDENT ECRETARYAND ASST. TREASURER PRESIDENT MERCAN ST. LO AISSOURI FIRST VICE RESIDENT ROME ST. JO - T H OMMERCE BANK &TRUST CO ENSON.yicE PRESIDENT COUNTY SAVINGS BANK SOUTH BEND,INDIANA SECOND VICE PRESIDENT HARRY J. HAAS, VICE PRESIDENT FIRST NATIONAL BANK PHIL A DELPHI A, PA. TREASURER MifiRICAN BANKERS W. ESPEY A LBIG, SECRETARY SAVINGS BANK DIVISION JAMES E. BAUMMANAGER PROTECTIVE DEPARTMENT ASSOCIATION REUBENA.LEWIS4m,sEcinmily HO EAST 42N_D STREET EDGAR E. MOUNTJOy, SECRETARY GRANT Mc PHERRIN, PRESIDENT CENTRAL NATIONAL BANK &TRUSTCOMPANV NEW YORK,N.Y. DES MOINES, IOWA EXECUTIVE MANAGER TRUST COMPANY DIVISION NATIONAL BANK DIVISION FRANK W.SIMMONDS, SECRETARY F. N. SHEPHERD BRANCH OFFICE 708-9 COLORADO BUILDING, WASHINGTON, D.C. GENERAL COUNSEL THOMAS B. PATON WILLIAM G. Firzwi LSON DEPUTY MANAGERS CABLE ADDRESS :A BAN; NEWYORK Atm 13, 1930 Mr. W. Randolph Burgess Federal Reserve Bank of New York Federal Reserve P. 0. Station New York City Dear Mr. Burgess: Thank you for your letter of June 12. While we have invariably avoided reviewing the careers of bankers, I nevertheless will be glad to see your review of Governor Strong's career. Cordi= ly yours, American Ba JEC:FL itor era Association Journal STATE BANK DIVISION EDITOR OF THE JOURNAL JAMES E. CLARK a April 11, 19ZO. Dear Ur. fond: I a returning horewith Chapters VIII, IX, and XVII, of Int,:rpretations of Federal Reserve Policy with the original charts called for in the text. We are working at the Introduction and Preface and hope to have them ready e7i.rly next week. Very truly yours, W. itandolph Burgess Assi;:tant Mr. Ordway Toad, C/o Harper & Brothers, 4g East ZZrd Street, New York City. WRB.H encl. Federal Reserve k . Link of iitartilatfan Tri-mt Tanyanu NEW YORK BENJAMIN STRONG,JIR. ASST:VIpE PRESIDENT -,rch 6, 1930. Mr. W. Randolph 33 Liberty Street, New York, New York. Dear Dr. Burgess: Thank you for sending me copy of the oreface and introduction for your book which I will go over thoroughly at the first opportunity. I think I will also ask my Uncle Will to have a louk at it, and it might be a good idea to have Phil do so as well. Si erely yours, kip THE NORTH AMERICAN REVIEW FOUNDED IN THE YEAR IRIS 9 EAST 377.:' STREET NEW YORK PRESIDENT'S OFFICE December 2nd,1929 Dear : r. su I 1 lish to ac o wl zi.L.tv your courteous er of November 29th and to urLa that our su,c,:)stion for au article from your hand be not 1);:t too far back in your mind. l'heoa are days when o "ds of Authority era much needed. 3elieve me, cordially yours, .-and o11.1 liurgess, Federal :Reserve dank, New York, N. Y. 'So .2ioveMber 29, 1929. r Ur. Mahoney: I are obliged to you for your note of November 21 giving permission to urc the crticle by Benjamin Strong in the Korth American Review. Same time I should like to undertake an article for ;rou, but I cannot See my way to it for some ,ieuks to come. I .hall keep your invitation in the back of ray mind. Very truly yours, Mr. Walter B. Mahoney, Prebident, north: Americsn Review, 9 East 37th Street, New York City. THE NORTH AMERICAN REVIEW FNDED 1N THE Y SIP 1815 1.11# 9 EAST 37T" STREET NEW YORK CI it° T'S OFFICE November 27th,1929 .)ear Lir. burgess: in re_Ily to your request of the 26th, for 1-armission to use an article by Jen strong which al)peared in The North americwi .3evie),v, let me .,,ssu.re you that such parinitision is gladly ex- tended to you for inclusion in the volume about to be published. I do wish it ,dere possible that you 1414 / yourself mie;ht be persuaded to undertake a brie IV1k article for us on the topic with which you are most familiar and which,to my mind, is at present the :uost important issue before the public the coming year. Jelieve ins, ;.iincerfly yours, _tiandolphf 3urgass, - aserve 4Lent, k, fo; r,, tr November 26, 1929. Mr. Walter B. Mahoney, President, North American Review, 9 Est 7th Street, New York City. Deal I am engaged in preparing for publication a small volua:e of the writins and speeches of Benjamin Strong. I should like to include in that volume the article prepared by Mr. Strong for the North American Review of April, 1918, entitled *War Loans vs. Buslaess as Usual." To that and I should greatly apprecite your permission to reprint this article in the book, giving, of course, proper credit. The book is to be published by Harpers. Very truly yours, W. RshOolph Burgess Assistant Federal Reserve Agent. WEB.H