Full text of Papers of Benjamin Strong, Jr. : Correspondence with the Federal Reserve Bank of New York : Miscellaneous Correspondence, 1916-1926

View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

(Lit-ePr,

Misc.

.17 ffice Correspondence
To

Mr. Barrows:

From

Mr, Bnyar.

FEDERAL RESERVE
BANK OF NEW YORK

L1BR/\
Des. 17,_1818.

Elate
Subject:

SEP 1

1%11

I i,DERHL F\

The two amounts reimburseable to Governor Strong from the "Special Fund"

for cigars and cigartttes are namely:

Bill paid to Delmonicos

$21.20

Down Town

15.38

Association

(approximate)

NI:sc. 4

#.:fice Correspondence
To

FEDERAL

fN,4

BANK OF NEW lc Oki:

Governor Strong

;4-'1919

Subject.

Mr. Beye

From

Did Mr. Strauss succeed in securing a letter for you from

Department

regarding the

use of the State

the State

Tepartment'b cable facilities during your

absence abroad?

incidentally mentioned
Monday on the phone, and suggested
this matter

him

matter to Mt.

Strauss, secretary last

that it would be well for him to mention

you when you were in Washington so that you could take it up with

Mt. Strauss personally.

the

COPY

KRAL RESERVE BANK

OF NEW YORK

Hotel Ritz, London,
Seftamber 10, 1919.

Dear Mr. Beyer:

On August 23 we received Bank cablegram No. 12 in such a badly garbled
condition that

Mr. Strong instructed me

on the name day,

to have it repeated.

I did this

and, at the demand of the French telegraph office, paid

them /7, francs in advance to cover the cost of repetition by the Bank.

reaching London Mr. Strong received this cable, embodied in Bank cablegram
16.

What I want to be sure of is that the Cable Company has not made

'"Cef

a duplicate charge for the repetition., or that it has given the Bank due

credit for the 17, francs which I paid them in advance for the repetition.
I was sorry

learn of your illness, and um very glad to know that the

operation was successful and

that

Am and have been exceedingly
joyed some

you

are now feeling fit and fine.

busy since

arriving on this side, but en-

sea of the trip very much.

With beet wishes for your complete recovery very sJon, I remain,
Sincerely yours,

george Beyer, Esq.,
/o Federal Reserve Bank,
New York.

17-.),}21

(Extract of a letter from Governor Strong to George Ber, December

29, 1919)

As I am asking Mr. Case to use my room during my absence, I would like
to have my personal belongings packed away so that they will not interfere
with his free use of the room.

puring my absence I wish a careful survey could be made of all personal
papers and belongings of mine in the Bank and those which are not strictly
current or needed for ready reference I think should be set one side and
possibly put into boxes to go into storage, suitably marked.

It might be

well to get them all together and let me know what they consist of before
having them permanently packed and stored.

'AAA

A,
Excerpts of Strong's correspondence wit George Be-,yer, 1919-1921, about and during
Trip around the World, which have a bearing on Federal Reserve natters, in
Benjarin Strong, Jr.,'s possession in July 1969.

Stron- to Beyer, Dec.

29, 1919

(after detailing other duties)/5ki

"As I an asking Mr. Case to use 1:4- room during my absence, I would like
to have my personal belongings packed away so that they will not interfere with
his free use of the roam.

During my absence I wish a careful survey could be made of all personal
papers and belongings of mine in the Bank and those which are not strictly current
or needed for ready reference I think should be set one *de and possibly put into
boxes to 2o into storage, suitably narked. It night be well to get then all togtther
and let me know what they consist of before having the_ permanently packed and stored."
itron- to Beyer, Feb.

i920:

....

Li
1

Ask Lir. Case if he would _Iind finding out from Mr. Hanaoka whether it would be
proper for the Federal Reserve Bank to telegraph the Bank of Japan at Tokio to engage
tl,fr, -aide for a party of three Aiericans, namely, myself, Ur. Miles and my son Ben,
for pproxil,iately one month cori_enaing the first week in May."....

---------Strong to Beyer, Feb.

6, 1920:M4 )

"I am enclosing a number of letters from Mr. Montague Norman and one from Sir
Brien Cokayne of the Bank of England, which I wish you would show privately to Mr. Jay
and to Mr. Case, stating that T would prefer that no one else saw them, and then
having them placed in , y private files. Also, will you get a copy of an article
written for the Evening Post of January thirtieth by Mx. Jos. F. Cotton, reviewing
11.1% J. M. Keynes' new book, "The Economic Consequences of the Peace", and send it
with my card to Mr. Montague Norman of the Bank of England? Also, will you be sure
and see that a copy of the book is promptly sent to me care of the 'Phoenix National
Bank, Phoenix, Arizona"
........-------

[2eyer]to Strong , March 1, 1920(See xerox copy)

to Beyer, March 1, 1929

li,,,,J14,15677)Strong

....

"Also please see that the article
the F.R.Club magazine.

----- _---Strong

to Beyer, March 30,

. Norman sent regardin- the B. of E. goes to

1920.(-11)

"Please be sure and inform Mr. Plaaoka that I shall inquire for him at the bank
in Japan, ascertain his plans and if he arrives before we leave, I shall certainly enjoy
making him a visit and greatly appreciate his inviting me.. Won't you also please say
to Mr. Nagaihe that on arrival in Japan I shall probably join 14r. Vanderlip's party
for a few days, but in the meantime, my son and Mr. Miles will make use of the hotel
accorodations, which he has been good enough-A° arrange for us. I telegraphed you
from Ajo about what we would reauire. He has been most kind and helpful in these
matters, and T want to rake sure that he knows of my appreciation.

We shall get in touch with Mr. Yishi, and I wish you would again thank Mr. Nagaike
for his help, and be sure and ascertain the cost of all the cables which should be reimbursed to him out of my personal account."

Excerpts of Strong's correspondence with reorge Beyer, 1919-1921, about and during
Trip around the 7:Torld, which have a bearing on Federal Reserve natters, in
Benjamin Strong, Jr.'s possession in July 1969

,'&44../Tri-#1)

Strong to Beyer, Aug. 11, 1920 from The Bund, Kobe:/

"The officers of the Bank of Japan have presented me with a set of three
books on the "Art of Japan" which I cannot well carry with re, and I am therefore
arranging to have Nishi ship thal to you after we leave.' ....
T."(.o

---Stronr t, Beyer, Sept. 28, 1920 from Singapore:

"The
,vr (,eneral has placed his car at our disposal to see the Straits
Settlements + Federated Malay States, so we shall go by rail to Fenang,+ steamer
to Rangoon
Calcutta".

Strong to Beyer, Oct. 26, 1920 fro:

Calcutta:

)

"As soon as possible I shall ship another parcel, containing gold and indian
ornaments, which I want you to send to certain people, as will be shown on he
wrappers, namely Gov' r, Harding, M. Straus + Sen. Wtman. They may not arrive for
some tine. The enclosed letter to Gov'r Harding explains., will you please have two
copies made, send one to .1r. Albert Straus, 5 Mess. J. + W. Seligman + Co., N.Y.,

and explain that the article described will follow when it arrives, and send the other
cop
with the original to Gov'r Harding, asking hir if he would mind passing the
cop:rQ.to oen. 1-ittran and the silver anklet will be sent when it reaches you."...

----Beyer to Strom

Nov. 10, 1920, Care Morgan, Grenfell + Co., London:(

"No doubt you read about the bomb explosion that took place in front of the
United States Assay office on Sept. 16th. i.dr. Jay asked me to collect for him a
few newspapers giving a full account of the terrible catastrophe which he forwarded
to you with a letter he had written at the time. Thirty-eight people lost their
lives and hundreds were injured. Your window was blown in on the Nassau Street side,
but no one was injured. Hope never to witness another scene like that, for I saw
the dead and injured a minute alter the explosion took place.

From the enclosed notice you will be grieved to learn of the sudden death of
Channing Rudd. He died last Monday morning from dilatation of the heart.

LcLaren resigned her position on October 15th. She said that she would go
south for a couple of weeks and then may cone back to New York to take another
position."....
r

Strong co Beyer irom
from S.,D.7aisar-I-Hlno,2 EOV.
J

:-. 1 1,4,,,,
0,, 1'),0:
,--..D

----1.7tAl
t.,

"It looks now as though. I would reach Faris about Dec.6th, and London around
Dec.15th or 18th. This letter will be in your hands, however, well before T sail
for home, and T shall ask you to have in mind the following:-

1st. I shall cable the name of the boat I am taking hone, but will not have my
name on the passenger list, and ask you particularly that it be not nentione- othgr than
uo
to our officers, as I do not want to be bothered by reporters. I dons want
know I am on the boat. 'OfrCourse you will advise the family.' ....

Marca 1, 1920.

Dear Governor Strong:

Just as I %O.L, leaving the tank for the day on t:aturday
Wr. Hamaoka of the Fi'J.nk of Japan called to see inc with t vicw of learning
how long you con tern
staying in Japan and what Tould the ch,Inces be
of your visiting him when he returned to jtpen.
Mr. Hamaoka is calling for Europe tomorrow to be gone until
the early part of May. He will return to America and will sail from the
Pacific coast for Japan arriving about the 15th of June. Yr. Hamaoka
not return to America as he will be permanently located in japan with the
.Bank of Japan..
Now Mr. Hamacka is very anxi,us to have you visit him while

If you leave Japan before he arrives, he surely wants you
to dome back in the early fall for a several weeks' visit so that he can
extend his kind hosi.itality. He states that japan is hot during the summer
months, but that the fall Is beautiful and the climati- cool.
you are abroad.

Er. Nagaike would like to know just what your requirements
would be in the way of hotel accommodations. He will not cable.until you

advise just what is wanted.
etol-,.at.

Hamaoka stated th%t there are two good places you could
One is Na-ma-Kura which is on the seashore about 50 miles from Tokio,

and contains a fins hotel, and the other is Hakone, about the same distance
from Tokio, in the mountain, 1,:hich has a wonderful hotel. it was rather.
difficult to get more detailed information as Mr. Hamaoka apparently was not

certain as to the location of these places.
The Traclier's Gazette,
by Cook's Agency gives a liet
of the hotels in the Far Eaut. Also theissued
letter
from the Yokohama Specio'
Bank gives a list of the principal hotels in Japan.
Ends.

Mr. Benjamin Strong,
Phoenix National Bank,
Phoenix, Arizona.

Yours sincerely,

FEDERAL RESERVE SANK
OF NEW YORK

MISC.4.1-120M-1-20

Or -.DICE CORRESPONDENCE
Governor Strong
FROM

DATE July 28, 1921
SUBJECT.

Mr. Beyer
The attached letter from Carter Glass, dated
December 31, 1919, and a copy of your reply dated January 14,
1920, are evidently the ones you desire.

I had additional copies made of both of these
letters in case of need.

Encs.

192

FEDERAL RESERVE BANK

MISC. 4.1-120 M-1-20

OF NEW YORK

OF- _ACE CORRESPONDENCE

DATF

August 5, 1921

192

Governor Strong

SUBJECT:

Mr. Beyer
FROM

I secured an additional supply of National Budget Committee literature,
and take pleasure in sending you herewith two sets for distribution at the'
Treauurylshould it meet with your approval.

A similar set was sent to

Postmaster General Hays a week or two ago at your request.

"ICA

Iker_AA)u2

FEDERAL RESERVE SANK
OF NEW YORK

MISC. 4.1-120 M-1-20

C .7ICE CORRESPONDENCE
To

lovernor Strong

DATE

September 1,

192 1

SUBJECT:

FROMGeorge Beyer

Before Mr. Norman left last evening for Bar Harbor he asked me to send
a cablegram to the Bank of England as per the attached.

Mr. Norman is particularly

anxious that you reply also to-day and has asked me to refer to you copies of all
the cables received by him during his visit.

His final word was, "Be sure and induce the Governor to spend a few days
with me at Bar Harbor, Me.

MISC. 4.1-120 M-1-20

FEDERAL RESERVE BANK
OF NEW YORK

"!CE CORRESPONDENCE
To

Governor Strong

FROM

Mr. Beyer

DATE

Sept, 12,12_21192

SUBJECT.

f\A GEEPWith reference to the attached draf
sent to

the

Governors of

the

various Federal

-of

9094111Wer to

eserve

18aaWisbo,isikniakats

EDER"
n.

iat

with your approval Mr. Howe will see that theyfZr-pistfp6-Yry typed on

such letter paper as you may send to his office, and he will-have them
returned to you for signature

FEDERAL RESERVE BANK

.ENERA I. Fit

OF NEW YORK

*EP 251924
FEDERAL
-

RESERAE

OF OW

Septeuter 23, 1921.

Dear Yr. Beyer:

I enclose the letters addressed to the respective

reserve bank governors, together with a statement attached
to Mr. Howe's letter which should be copied and accompany
each of the letters.

You also have eleven sets of material

received from Mr. Howe to be enclosed with the letters.

Will

you see that they are all sent, and When replies come, hold
them for my return to New York.

Very truly yours,

George Beyer, Esq.,

do Federal Reserve Bank,
15 Nassau Street, No York.
BS/11412

enc.

Nig

FEDERAL RESERVE BANK
OF NEW YORK

MISC. 4.1-120 M-1-20

Th
111,

..v

Governor Strong

FROM

M. Beyer

Sept. 28th, 1921

,,.\:'

01,,:ii-CE CORRESPONDENCE

\V'''

DATE

9 2_

, SUBJECT:

ct<c";4' "S"'

cf)"`

.1,

Is.,

The attached is the first letter received in answer to
Federal Reserve Governors in connection with Budget matters.

your

letter

the letters,

sent

to the

Mr. Howe does not wish to burden you with answering
and suggests
that his orfice write to the men that are suggested by the Governors as willing to
accept appointments as local chairmen of Budget committee6in their territory. If this
is agreeable to you I am to let Mr. Howe know.

FEDERAL RESERVE BANK

rte:792

OF NEW YORK

September 29, 1921.

Dear lir. Beyer:

I am returning Governor Seay's letter, and. suggest
that you pass it along to lir. Rowe, asking

it to Governor Seay, and at the

same

time

him to acknowledge

open correspondence

with the gentlemen whose names are suggested.
Very trultA

KL
2,01021

Ift V14'

George Beyer, Esq.,
Secretary to Kr. Strong,
Federal Reserve Bank,
15 Nassau Street, New York.

BS/BAH
enc.

MISC.3.1-200M-9-20
1

I FEDERAL RESERVE BANK
OF NEW YORK
.
DATE_

ICE CORRESPONDENCE
Governor Strong

Oct. 20, 1921 7--

S BJEc r

.A/
Mr. Beyer

The attached is a letter which was handed to me by Mr. Benedict,
with the request that I show it to you for your information.

Mr. Benedict

recently visited the State Department as well as Mr. Gilbert; regarding
the contemplated visit of certain Austrian bankers

representatives.

He was informed by Mr. ailbert that you knew just what transpired regarding the Austrian matter, and that in case he should wish to seek further
advice to call in and see you.

Mr. Benedict stated that his only object

in coming in with the letter was to inform you what Mr. Vaaderlip had written
and also, should the representatives come to America, for him to be in a
position to have them introduced to those who would be in a position to
discuss the Austrian situation.

Mr. Benedict feels that from his talk had

with Mr. Gilbert, there is nothing he can do about the matter as the
Treasury and State Department are fully informed as to what is taking
place in Austria.

Enos.

FEDERAL RESERVE BANK
OF NEW YORK

ISC. 4. 1-120 M-1-20

ICE CORRESPONDENCE

Mr. Beyer

FROM

Governor Strung

DATE

Oct. 31, 1921

SUBJECT.

Please go over the correspondence in regard to
these Budget Committee appointments with Mr. Gidney, and

ask him if he can make suggestions for the various cities

in the Second Federal Reserve District noted on the list
sent by Mr. Howe.

BS:MM

Enc,

192

November 25,

Dear Sirs:

Referring to

closing herewith

conversation of this mornin

I am en-

MOO in cash to cover dinner subscription of

Mr. Carl Snyder, an officer of this bank, for the dinner to be

given on next Monday evening.
Will you kindly give the bearer the ticket, and
greatly oblige,
Yours very truly,

Secretary to Mr. Benj. Strong.

Economic Club,
11!

Weiit. Agi-d St.,

New York, N. Y.

GB:MM
Enc.

FEDERAL RESERVE BANK
OF NEW YORK
Nov 6

192'

Governor Strong

S U BJ ECT:

FROM

DAT

; CE

01 '49 1911
tee-teres

Mr. Beyer

toSIX'
tk'

As you were unable to attend the Budget Committee luncheon to-day,
Mr. Meyei.Surged me to attend.

and I am

The meeting was most successful

attaching a list of the names,of the gentlemen who were

presided and Dr. Lindsay was the chief speaker.

present.
va

;A.

Mr. Lewisohn

tty good

p
,

14
L

picture of his trip as far as St. Louis, and according to his statemen s I am

NOV 29 1921
sure that Mr. Pratt and

the

other members of the Budget Committee are meeting
1

with progress everywhere.

ObEita NAWrE ;PAO
C
.L,1x

I turned over the correspondence that you asked me to give Dr.

Lindsay to

him personally, and he stated that he is going to get in touch

with Mr. Leffingwell immediately regarding Mr. Gavit.
arrange to see Mr. Snyder at the first

Also that

he will

opportunity.

Mr. Meyers as well as Dr. Lindsay were sorry that you could not
attend the luncheon,

but

hope that you Are feeling much better.

ACCEPTANCES TO LUNCHEON NOY-El:13ER 28th.

W. I. L. Adams

Printing

L. E. Elliman

Real Estate

H. B. Spalding

Sporting Goods

Chas. A. Sherman

Wholesale

Geo. W. Short

Real Estate Brokers

E. Twyeffort

Tailors

Herbert Martin

Underwear

Chas. T. Terry

Educators & Judges

ahle

dse.

Lighting Fixtures

A. S. Somers

Chemicals

R. Guinzburg

Division head

H. B. Cook

Accountants

John A. Ritchie

Transportation

Geo. A.

C. Christiancy

Brokers

A. H. Ball

Department Stores

A. P. Nevin

Lawyers

H. W. Stimpson

Cotton & Produce Ex.

T. J. Banham

Electrical Contractors

W. E. Pulsifer

Publishers

Nelson Macy

Lithographe

Alexander S. Williams

Builders

Chester W. Lyman

Paper

L. H. Rothchild

Buttons

-31'1-1111L

--VAAL

.54*.

t)(4' itily

R. J. F. Schwarzenbach
Geo. -Beyer, for Governor Strong
/1.

e"'"

ts/

A-Nn. A.

HILES-

Nov z91921

/94-4-5

pot

FEDERAL RESERVE BANK
OF NEW YORK

MISC.4.1420M-1-20

CAI

fICE CORRESPONDENCE

Ur_ Oakey

FROM

Mr_ Beyer

DATE

Dec.

le,

'921

192

SUBJECT:

The attached letter from Mr. Gilbert under date of December 1_4,
in answer to Mr. Strong's letter to Mr. Gilbert, with reference to Mr.
Thomas R. Lill eNplains itself.

Do you feel that Mr. Gilbert's letter needs further acknowledgment?
Kindly return it to me after perusal.

Att.

GBON

00M-9-20
I

FEDERAL RESERVE, SANK
OF NEW YORK

:ICE CORRESPONDENCE
Mr. Beyer

eATE_January

._1022

SUBJECT:

Benj. Strong

'ROM

Please have prepared, for my signature, replies to

\
Mr. Inouyels letter of October 10, 1921 and Baron Megata's Aetter of
October 10, 1921, explaining that my illnesso, which klue. continued practical-

ly the entire time of the fresende here of the mission from Japan made it
impossible for me to meet the Gentlemen of the Mission or to do the many
things that I had hoped to do to assist the,object of their visit.
that I hope he understands my

Say

reat regret.

In the letter to Mr. Inyoue, his letter of November 30, 1021 cEil
be acknowledged.
in writing to me.

Say I received it and was very grateful for his kindness

MISC.4.1120M1-20

FEDERAL RESERVE BANK
OF NEW YORK

OF10E CORRESPONDENCE
To

Governor Strong

FROM

Mr. Beyer

DATE

Feb. 16, 192?,.

192

SUBJECT:

You sill be interested in knowing that cr% of the officers of this bank have
subscribed their names as Sustaining Members to the American Institute of Banking for the
year 10??,, which is a very gratifying shoeing.

yho were Sustaining Members of the Chapter.

Heretofore there mere only three officers

Mr. Feick, President of the Ney York Chapter,

.vas very anxious to increase the sustaining membership, and approached me through Mr.

Golden, our Consul, to cooperate in securing new members.

The result of cur York is that

66 officers cut of a total of 36 are now Sustaining Members.

r. Feick .vas so pleased

yith the result that he has written to both Mr. Golden and myself a letter of appreciatien.
lould you care to send a lord c

thanks to the officers of the bank through a general letter

which can be circulated among them?

of for
the
list in the
Digitized
FRASER

Mr. Feick tells Jrie that this bank stands at the head

percentage of Sustaining Members.

June 29, 1922.

De ,r gr. Boyer:

ons on h-via, ,ucc
in businesL ,rg n

lly co

course

ion t the Americ-qa Institute of Ihnking this ye5r!

The Institute is doing good work ,na I am glad you are availing yourself

f the privileges it ,Ifords.
mu

Thu morP our country progresses in world banking the more we
realize the red for broad tr.aining in fin5nce and allied ,,uhj3cts.

I ,m delighted thHt so m,_.ny member,: of our organization :et.m to realize

this.
You will, I hope, continue this good work rici if you do, I am
you wiiJfind not only r: suitble reward, but much hsppinase in the
-

itself.
Sincerely yours,

enj. rong
Governor.
Mr. George Beyer,

Federl i...aervo Bank of New 'fork,
New York, N. Y,

"FEDERAL RESERVE BANK

MISC. 1.140M 10-21

OF NEW YORK

1"-FICE CORRESPONDENCE
To_Governcr_Strong

DATE

Oct. 6, 1922

192

SUBJECT

Mr. Beyer

FROM

Mr. Snyder wants to know if you would care to give him permission to

have your address released for public!Alon in full in the "Nation's Business" which
lb published by the Chamber of Commerce of the United States.

this publication is worthy enough to receive it.

ALL ftot

cravta-

He feels that

Form 1201
CLASS

F.:RVICE. SYMBOL

Blue

Night

NI essage

Night Letter

UNION

AWES1

Nite

TEL

If none of these three symbols
appears after the chick (number.of
words) this is a telegram. Otherwise its character is indicated by the
symbol appearing after the check.

NEWCOMB CARLTON. PRESIDENT

RECEIVED AT COTTON fXC

25NX ADU 17

%WNW

GEORGE W. E. ATKINS. FIRST VICE-PRESIDENT

CLASS OF SERVICE SYMBOL
Telegram

Day Letter

Blue

Night Message

Nits

NL
If none of these three symbols
Night Letter

appears after the check number of
words) this is a telegram. Otherwise its character is indicated by the
symbol appearing after the check.

NEW YORK

BON AIR VANDERBILT AUGUSTA GA 1020A FEB 14 1923
GEORGE BEYER

164
FEDERAL RESERVE BANK NEWYORK NY

FIND iT WILL BE IMPOSSIBLE
AFTER ,,LL PLEASE EXPRESS MY

TO ATTEND INSTITUTE DINNER SATURDAY
SINCERE

REGRETS

DENS) STRONG

1028A

-17

Form 1225A

Charge to the account of
FC-E-Af.

-os, SERVICE DESIRED
legram

Day Letter

Ben

Strong, 15 Nassau St.

WESTE44,11Ni UNION
TEL
AM

Receiver's No.

WISTERNIINION

Night Message

Night Letter

Patrons should mark an X opposite the class of service desired:

OTHERWISE THE MESSAGE
WILL BE TRANSMITTED AS A
FULL-RATE TELEGRAM

NEWCOMB CARLTON. PRESIDENT

GEORGE W. E. ATKINS. FIRST VICE-PRESIDENT

Send the following message, subject to the terms
on back hereof, which are hereby agreed to

March 20, 1923

Benj. Strong,

Cragmore Sanatorium

Colorado Springs Colorado

Mr. Stettinius operated on last evening Roosevelt Hospital for
abdominal abscess

and out of danger

His secretary informed me that he is resting comfortably
will keep you advised
George Beyer

ALL MESSAGES TAKEN BY THIS COMPANY ARE SUBJECT TO THE FOLLOWING TERMS:
To guard against mistakes or delays, the sender of a message should order it repeated, that is, telegraphed back to the originating office for comparison. For this,
one-half the unrepeated message rate is charged in addition. Unless otherwise indicated on its face, this is an unrepeated message and paid for as suen, in co,
:atioa
whereof it is agreed between the sender of the message and this company as follows:
The company shall not be liable for mistakes or delays in the transmission or delivery, or for non-delivery, of any message received for transmission at t' on,
peated-message rate beyond the sum of five hundred dollars; nor for mistakes or delays in the transmissioa or delivery, or for non-delivery, of any messageroc .d t
transmission at the repeated-message rate beyond the sum of five thousand dollars, unless specially valued; nor in any case for delays arising from unavoidable imerruption in the working of its lines; nor for errors in cipher or obscure messages.
in any event the company shall not be liable for damages for mistakes or delays in the transmission or delivery, or for the non-delivery, of any message, whether
caused by the negligence of its servants or otherwise, beyond the sum of live thousand dollars, at which amount cacu message is deemed to be valued, unless a greater value
is stated in writing by the sender thereof at the time the message is tendered for transmission, and unless the repeated-message rate is paid or agreed to be paid, and an
additional charge equal to one-tenth of one per cent of the amount by which such valuation shall exceed five thousand dollars.
The company is hereby made the agent of the sender, without liability, to forward this message over the lines of any other company when necessary to reach itz
destination.
Messages will be delivered free within one-half mile of the company's office in towns of 5,000 population or less, and within one mile of such office in other cities
or towns. Beyond these limits the company does not undertake to make delivery, but will, without liability, at the sender's request, as his agent and at his expense, endeavor to contract for him for such delivery at a reasonable price.
No responsibility attaches to this company concerning messages until the same are accepted at one of its transmitting offices; and if a message is sent to such
office by one of the company's messengers, he acts for that purpose as the agent of the sender.
The company will not be liable for damages or statutory petialties in any case where the claim is not presented in writing within sixty days after the message is
filed with the company for transmission.
Special terms governing the transmission of messages under the classes of messages enumerated below shall apply to messages in each of such respective classea
in addition to all the foregoing terms.
No employee of the company is authorized to vary the foregoing.
THE WESTERN UNION TELEGRAPH COMPANY
I,NCORRORATED

NEWCOMB CARLTON, PRESIDENT

CLASSES OF SERVICE
TELEGRAMS
A full-rate expedited service.

NIGHT MESSAGES
Accepted up to 2:00 A.m. at reduced rates to be sent during the

night and delivered not earlier than the morning of the ensuing business day.
Night Messages may at the option of the Telegraph Company be
mailed at destination to the addressees, and the Company shall be
deemed to have discharged its obligation in such cases with respect
to delivery by mailing such Night Messages at destination, postage
prepaid.
DAY LETTERS
A deferred day service at rates lower than the standard telegram
rates as follows: One and one-half times the standard Night Letter
rate for the transmission of 50 words or less and one-fifth of the initial
rates for each additional 10 words or less.

date during regular office hours, subject to the priority of the transmission of regular telegrams under the conditions named above.
No employee of the Company is authorized to vary the foregoing.

SPECIAL TERMS APPLYING TO DAY LETTERS:

In further consideration of the reduced rates for this special Night
Letter service, the following special terms in addition to those enumerated above are hereby agreed to:
Night Letters may at the option of the Telegraph Company
be mailed at destination to the addressees, and the Company shall
be deemed to have discharged its obligation in such cases with respect to delivery by mailing such Night Letters at destination, postage prepaid.
Night Letters shall be written in plain English. Code language
is not permissible.
No employee of the Company is authorized to vary the foregoing.

In further consideration of the reduced rate for this special Day
Letter service, the following special terms in addition to those enumerated above are hereby agreed to:
Day Letters may be forwarded by the Telegraph Company as
a deferred service and the transmission and delivery of such Day
Letters is, in all respects, subordinate to the priority of transmission
and delivery of regular telegrams.
Day Letters shall be written in plain English. Code language
is not permissible.
c. This Day Letter is received subject to the express understand

NIGHT LETTERS
Accepted up to 2:00 A.M. for delivery on the morning of the ensiling business day, at rates still lower than standard night message
rates, as follows: The standard telegram rate for 10 words shall be
charged for the transmission of 50 words or less, and one-fifth of
such standard telegram rate for 10 words shall be charged for each
additional 10 words or less.
SPECIAL TERMS APPLYING TO NIGHT LETTERS:

Form 1228A

Charge to the account of

WESTE0/gAl UNI N
AM
TEL
eat 3

-LAS- -= SERVICE DESIRED
,gram

Day Letter

WESTERKUNION

Night Message

Receiver's No.

Check

owoc..,

Night Letter

Patrons should mark an X opposite the class of service desired;

OTHERWISE THE MESSAGE
WILL BE TRANSMITTED AS A
FULL-RATE TELEGRAM

NEWCOMB CARLTON. PRESIDENT

Send the following message, subject to the terms
on back hereof, which are hereby agreed to

GEORGE W. E. ATKINS. FIRST VICE-PRESIDENT

March 21, 1923

Benj Strong
Cragmore Sanitarium
Colorado Springs Colorado

Stettinius condition continues favorable
be slow considering seriousness of operation.
developments arise will keep you inforired by mail
George Beyer

Recovery will

Unless unforeseen

Time Filed

ALL MESSAGES TAKEN BY THIS COMPANY ARE SUBJECT TO THE FOLLOWING TERMS:
To guard against mistakes or delays, the sender of a message should order it repeated, that is, telegraphed back to the originating office for comparison. For this,
One-half the unrepeated message rate is charged in addition. Unless otherwise indicated on its face, this is an unrepeated message and paid for as such, in consi,leratioe
whereof it is agreed between the sender of the message and this company as follows:
The company shall not be liable for mistakes or delays in the transmission or delivery, or for non-delivery, of any message received for transmission at
ut
peated-message rate beyond the sum of five hundred dollars; nor for Mistakes or delays in the transmisAion or delivery, or for non-delivery, of any message
transmission at the repeated-message rate beyond the sum of five thousand dollars, unless specially valued; nor in any case for delays arising from unavoidable interruption in the working of its lines; nor for errors in cipher or obscure messages.
In any event the company shall not be liable for damages for mistakes or delays in the transmission or delivery, or for the non-delivery, of any message, whether
caused by the negligence of its servants or otherwise, beyond the sum of five thousand dollars, at which amount each message is deemed to be valued, unless a greeter valae
is stated in writing by the sender thereof at the time the message is tendered for transmission, and unless the repeated-message rate is paid or agreed to be paid, and an
additional charge equal to one-tenth of one per cent of the amount by which such valuation shall exceed five thousand dollars.
The company is hereby made the agent of the sender, without liability, to forward this message over the lines of any other company when necessary to reach its
destination.
Messages will be delivered free within one-half mile of the company's office in towns of 5,000 population or less, and within one ,mile of such office in other cities
or towns. Beyond these limits the company does not undertake to make delivery, but will, without liability, at the sender's request, as his agent and at his expense, endeavor to contract for him for such delivery at a reasonable price.
No responsibility attaches to this company concerning messages until the same are accepted at one of its transmitting offices; and if a message is sent to suc'
office by one of the company's messengers, he acts for that purpose as the agent of the sender.
The company will not be liable for damages or statutory penalties in any case where the claim is not presented in writing within sixty days after the message
filed with the company for transmission.
Special terms governing the transmission of messages under the classes of messages enumerated below shall apply to messages in each of such respective elasse
in addition to all the foregoing terms.
S. No employee of the company is authorized to vary the foregoing.
THE WESTERN UNION TELEGRAPH COMPANY
INCORPORATED

NEWCOMB CARLTON, PRESIDENT

CLASSES OF SERVICE
TELEGRAMS
A full-rate expedited service.

mailed at destination to the addressees, and the Company shall be
deemed to have discharged its obligation in such cases with respect
to delivery by mailing such Night Messages at destination, postage
prepaid.

DAY LETTERS
A deferred day service at rates lower than the standard telegram
rates as follows: One and one-half times the standard Night Letter
rate for the transmission of 50 words or less and one-fifth of the initial
rates for each additional 10 words or less.
SPECIAL, TERMS APPLYING TO DAY LETTERS:

it-

date during regular office hours, subject to the priority of the transmission of regular telegrams under the conditions named above.
No employee of the Company is authorized to vary the foregoing.

NIGHT LETTERS
Accepted up to 2:00 A.M. for delivery on the morning of the ensuing business day, at rates still lower than standard night message
rates, as follows: The standard telegram rate for 10 words shall be
charged for the transmission of 50 words or less, and one-fifth of
such standard telegram rate for 10 words shall be charged for each
additional 10 words or less.
SPECIAL TERMS APPLYING TO NIGHT LETTERS:

In further consideration of the reduced rates for this special Night
Letter service, the following special terms in addition to those enumerated above are hereby agreed to:

Night Letters may at the option of the Telegraph Company
be mailed at destination to the addressees, and the Company shall
be deemed to have discharged its obligation in such cases with respect to delivery by mailing such Night Letters at destination, postage prepaid.
Night Letters shall be written in plain English. Code language
is not permissible.
No employee of the Company is authorized to vary the foregoing.

CLASS OF SERVICE SYMBOL
Telegram

",o Letter

Blue

Nile
NL
.
.rt Letter
If none of these three symbols
int Message

appears after the check number of
words) this is a telegram. Otherwiseits character is indicated by the
symbol appearing after the check.

UNION

VVESTE

CLASS OF SERVICE SYMBOL
Telegram
Day Letter

TEL

NEWCOMB cARLTON. PRESIDENT

eir.

lute
NL
Night Letter
If none of these three symbols

appears after the check (number of
w.frds) this is a telegram. OtherwiSe ts character is indicated by the
symbol appearing after the check.

GEORGE W. E. ATKINS, FIRST VICE-PRESIDENT

RECEIVED AT
1923 MAR 21

PM 11

VA421 ?,6 NL
FY COLORADOSPRINGS COLD 21
GEORGE BEYER

FEDERAL RESERVE BANK NEWYOR

TELEGRAPH ME DAILY WHAT MRS STETTINIUS SAYS ABOUT HIS CONDITION

SO IDNG AS CONTINUES SERIOUS AND SEND HIM TWO DOZEN AI
BEAUTY ROSES WITH MY CARD

BENJAMIN STRONG.

Blue

Night Message

WESTERN UNION

CAN

Charge to the account of
CI

OF SERVICE DESIRED
'elegram

Day Letter

TEL

Night Letter

Patrons should mark an X opposite the class of service desired;
FULL-RATE TELEGRAM

j5 Nassau Street, N. Y.

VVESTE4,ASEL UNION

Night Message

OTHERWISE THE MESSAGE
WILL BE TRANSMITTED AS A

Benj. Strong

. Form 1228A

Receiver's No.

WESTERHUNION

Check

116:17,

NEWCOMB CARLTON. PRESIDENT

Time Filed

GEORGE W. E. ATKINS. FIRST VICE-PRESIDENT

Send the following message, subject to the terms
on back hereof, which are hereby agreed to

March 22, 1925.

Benj. Strong
Cragmore

Sanatorium,

Colorado Springs, Colo.

Son feels most hopeful regarding his fathers condition, although still
Pain bothersome but managed to pass restful night.
Bever.

ALL MESSAGES TAKEN BY THIS COMPANY ARE SUBJECT TO THE FOLLOWING TERMS:
To guard against mistakes or delays, the sender of a message should order it repeated, that is, telegraphed back to the originating office for comparison. For this,
one-half the unrepeated message rate is charged in addition. Unless otherwise indicated on its face, this is an unrepeated message and paid for as such, in consideration
The company shall not be liable for mistakes or delays in the transmission or delivery, or for non-delivery, of any message received for transmission at th_ repeated-message rate beyond the sum of five hundred dollars; nor for mistakes or delays in the transmission or delivery, or for non-delivery, of any message recei- fox
transmission at the repeated-message rate beyond the sum of five thousand dollars, unless specially valued; nor in any case for delays arising from unavoidable intc.ruption in the working of its lines; nor for errors in cipher or obscure messages.
In any event the company shall not be liable for damages for mistakes or delays in the transmission or delivery, or for the non-delivery, of any message, whether
caused by the negligence of its servants or otherwise, beyond the sum of five thousand dollars, at which amount cacti message is deemed to be valued, unless a greater value
is stated in writing by the sender thereof at the time the message is tendered for transmission, and unless the repeated-message rate is paid or agreed to be paid, and an
additional charge equal to one-tenth of one per cent of the amount by which such valuation shall exceed five thousand dollars.
The company is hereby made the agent of the sender, without liability, to forward this message over the lines of any other company when necessary to reach its
destination.
Messages will be delivered free within one-half mile of the company's Office in towns of 5,000 population or less, and within one mile of such office in other cities
or towns. Beyond these limits the company does not undertake to make delivery, but will, without liability, at the sender's request, as his agent and at his expense, endeavor to contract for him for such delivery at a reasonable price.
No responsibility attaches to this company concerning messages until the same are accepted at one of its transmitting offices; and if a message is sent to such
office by one of the company's messengers, he acts for that purpose as the agent of the sender.
The company will not be liable for damages or statutory penalties in any case where the claim is not presented in writing within sixty daysafter the message is
filed with the company for transmission.
Special terms governing the'transmission of messages under the classes of messages enumerated below shall apply to messages in each of such respective classes
in addition to all the foregoing terms.
S. No employee of the company is authorized to vary the foregoing.
THE WESTERN UNION TELEGRAPH COMPANY

whereof it is agreed between the sender of the message and this company as follows:1.

INCORPORATED

NEWCOMB CARLTON, PRESIDENT

CLASSES OF SERVICE
TELEGRAMS
A full-rate expedited service.
NIGHT M ESSAGES

Accepted up to 2:00 A.M. at reduced rates to be sent during the
night and delivered not earlier than the morning of the ensuing business day.
Night Messages may at the option of the Telegraph Company be
mailed at destination to the addressees, and the Company shall be
deemed to have discharged its obligation in such cases with respect
to delivery by mailing such Night Messages at destination, postage
prepaid.
DAY LETTERS
A deferred day service at rates lower than the standard telegram
rates as follows: One and one-half times the standard Night Letter
rate for the transmission of 50 words or less and one-fifth of the initial
rates for each additional 10 words or less.
SPECIAL TERMS APPLYING TO DAY LETTERS:

ing and agreement that the Company does not undertake that a

Day Letter shall be delivered on the day of its date absolutely, and
at all events; but that the Company's obligation in this respect is
subject to the condition that there shall remain sufficient time for
the transmission and delivery of such Day Letter on the day of its
date during regular office hours, subject to the priority of the transmission of regular telegrams under the conditions named above.
No employee of the Company is authorized to vary the foregoing.

In further consideration of the reduced rates for this special Night
Letter service, the following special terms in addition to those enumerated above are hereby agreed to:

Night Letters may at the option of the Telegraph Compav
be mailed at destination to the addressees, and the Compahy shall
be deemed to have discharged its obligation in such cases with respect to delivery by mailing such Night Letters at destination, postage prepaid.
Night Letters shall be written in plain English. Code language
is not pertnissible.
No employee of the Company is authorized to vary the foregoing.

Form 1228A

Charge to the account of
nLAr

I SERVICE DESIRED
-I,egrom
Day Letter
Night Message

Night Letter

Patrons should mark an X opposite the class of service desired;

OTHERWISE THE MESSAGE
WILL BE TRANSMITTED AS A
FULL-RATE TELEGRAM

WESTE47/AAA UNION
AM
TEL
NEWCOMB CARL.TON. PRESIDENT

Receiver's No.

WESTERIMION

Check

Time Filed

GEORGE W, E. ATKINS, FIRST VICE-PRESIDENT

Send the following message, subject to the terms
on back hereof, which are hereby agreed to

25, 1923.

Beni Strong
Crag,more Sanitarium
Co loraio Springs, COO revio

tors feel gratified as

Reports this 71orning. very encoOraing

;atient's condition is steadily improving

Paine lece severs and resting

easy vith desire to take interest in outside affairs
4i10 D. 'Campbell drolf:-ed dead yesterday while playing golf due to cerebral
hemorrhage

Gee re deyer

ALL MESSAGES TAKEN BY THIS COMPANY ARE SUBJECT TO THE FOLLOWING TERMS:
To guard against mistakes or delays, the sender of a message should order it repeated, that is, telegraphed back to the originating office for comparison. For this,
one-half the unrepeated message rate is charged in addition. Unless otherwise indicated on its face, this is an unrepeuted message and paid for as such, in conslderation
whereof it is agreed between the sender of the message and this company as follows:
The company shall not be liable for mistakes or delays in the transmission or delivery, or for non-delivery, of any message received for transmission at.
'lin
peated-message rate beyond the sum of five hundred dollars; nor for mistakes or delays in the transmission or delivery, or for non-delivery, of any messagereceived h.
transmission at the repeated-message rate beyond the Sum Of five thousand dollars, unless specially value-a; nor in any case for delays arising from unavoidable interr,pLion in the working of its lines; nor for errors in cipher or obscure messages.
In any event the company shall not be liable for damages for mistakes or delays in the transmission or delivery, or for the non-delivery, of any message, wl
caused by the negligence of its servants or otherwise, beyond the sum of five thousand dollars, at which amount each message is deemed to bevalued,, unless a greater '.
is stated in writing by the sender thereof at the time the message is tendered for transmission, and unless the repeated-message rate is paid or agreed to be paid, aza,
additional charge equal to one-tenth of one per cent of the amount by which such valuation shall exceed five thousand dollars.
The company is hereby made the agent of the sender, without liability, to forward this message over the lines of any other company when necessary to reach its
destination.
Messages will be delivered free within one-half mile of the company's office in towns of 5,000 population or less, and within_one mile of Ruch office in other eitice
or towns. Beyond these limits the company does not undertake to make delivery, but will, without liability, at the sender's request, as his agent and at his expense, ende,,,,
or to contract for him for such delivery at a reasonable price.
No responsibility attaches to this company concerning messages until the same are accepted at one of its transmitting offices; and if a message is sent to sucl,
office by one of the company's messengers, he acts for that purpose as the agent of the sender.
The company will not be liable for damages or statutory penalties in any ease where the claim is not presented in writing within sixty days after the message it
filed with the company for transmission.
- Special terms governing the transmission of messages under the classes of messages enumerated below shall apply to messages in each of such respective classet
in addition to all the foregoing terms.
No employee of the company is authorized to vary the foregoing.
THE WESTERN UNION TELEGRAPH COMPANY
INCORPORATED

NEWCOMB CARLTON, PRESIDENT

CLASSES OF SERVICE
TELEGRAMS
A full-rate expedited service.

NIGHT MESSAGES
Accepted up to 2:00 A.M. at reduced rates to be sent during the
night and delivered not earlier than the morning of the ensuing business day.
Night Messages may at the option of the Telegraph Company be
mailed at destination to the addressees, and the Company shall be
deemed to have discharged its obligation in such cases with respect
to delivery by mailing such Night Messages at destination, postage
prepaid.

In further consideration of the reduced rate for this special Day
Letter service, the following special terms in addition to those enumerated above are hereby agreed to:
Day Letters may be forwarded by the Telegraph Company as
a deferred service and the transmission and delivery of such Day
subordinate to the priority of transmission
Letters is, in all
and delivery of regular
respects'telegrams.
Day Letters shall be written in plain English. Code language
is not permissible.
c. This Day Letter is received subject to the express understand-

ing and agreement that the Company does not undertake that a
Day Letter shall be delivered on the day of its date absolutely, and
at all events; but that the Company's obligation in this respect is
subject to the condition that there shall remain sufficient time for
the transmission and delivery of such Day Letter on the day of its
date during regular office hours, subject to the priority of the transmission of regular telegrams under the conditions named above.
No employee of the Company is authorized to vary the foregoing.

In further consideration of the reduced rates for this special Night
Letter service, the following special terms in addition to those enumerated above are hereby agreed to:
iii Company
Night Letters may at the option of the Tel
_pany shall
be mailed at destination to the addressees, and
be deemed to have discharged its obligation in such cases with respect to delivery by mailing such Night Letters at destination, postage prepaid.
Night Letters shall be written in plain English. Code language
is not permissible.
No employee of the Company is authorized to vary the foregoing.

Form 1228A

Charge to the account of
.

--SERVICE DESIRED

Day Letter

WESTE

UNION

WESTERN UNION

Night Message

TEL

Night Letter

Patrons should mark an X opposite the class of service desired;

OTHERWISE THE MESSAGE
WILL BE TRANSMITTED AS A
FULL-RATE TELEGRAM

NEWCOMB CARLTON, PRESIDENT

Receiver's No.

Check

Time Filed

GEORGE W. E. ATKINS, FIRST VICE-PRESIDENT

Send the following message, subject to the terms
on back hereof, which are hereby agreed to

March 24,.1923.

Benj. Strong,
Cragmore Sanatorium,

Colorado Springs, Colorado

Pro!-Tress continues favorable. Lectors have agreed that patient is now out
of danger.
Is most cheerful today after good night's sleep. Shall give

you farther news by letter.
George Beyf,r.

ALL MESSAGES TAKEN BY THIS COMPANY, ARE SUBJECT TO THE FOLLOWING TERMS:
To guard against mistakes or delays, the sender of a message should order it repeated, that is, telegraphed back to the originating office for comparison. For this,
one-half the umepeated message rate is charged in addition. Unless otherwise indicated on its face, this is an unrepeated message and paid for as such, in consk.--tion
whereof it is agreed between the sender of the message and this company as follows:
The company shall not be liable for mistakes or delays in the transmission or delivery, or for non-delivery, of any message received for transmission att,,
epeated-message rate beyond the sum of five hundred dollars; nor for mistakes or delays in the transmission or delivery, or for non-delivery, of any messagerecei.en'ior
transmission at the repeated-message rate beyond the sum of five thousand dollars, unless specially valued; nor in any case for delays arising from unavoidable interruption in the working of its lines; nor for errors in cipher or obscure messages.
In any event the company shall not be liable for damages for mistakes or delays in the transmission or delivery, or for the non-delivery, of any message, whether
caused by. the negligence of its servants or otherwise, beyond the sum of five thousand dollars, at which amount eaca message is deemed to be valued, unless a greater value
is stated in writing by the sender thereof at the time the message is tendered for transmission, and unless the repeated-message rate is paid or agreed to be paid, and an
additional charge equal to one-tenth of one per cent of the amount by which such valuation shall exceed five thousand dollars.
The company is hereby made the agent of the sender, without liability, to forward this message over the lines of any other company when necessary to reach its
destination.
Messages will be delivered free within one-half mile of the company's office in towns of 5,000 population or less, and within one mile of such office in other cities
or towns. Beyond these limits the company does not undertake to make delivery, but will, without liability, at the sender's request, as his agent and at hisexpense, endeavor to contract for him for such delivery at a reasonable price.
No responsibility attaches to this company concerning messages until the same are accepted at one of-its transmitting offices; and if a message is sent to such
office by one of the company's messengers, he acts for that purpose as the agent of the sender.
The company will not be liable for damages or statutory penalties in any case where the claim is not presented in writing within sixty days after the message is
filed with the company for transmission.
7. Special terms governing the transmission of messages under the classes of messages enumerated below shall.apply to messages in each of such respective classes
in addition to all the foregoing terms.
8. No employee of the company is authorized to vary the foregoing.
THE WESTERN UNION TELEGRAPH COMPANY
IN

NEWCOMB CARLTON, PRESIDENT

CLASSES OF SERVICE
TELEGRAMS
A full-rate expedited service.

NIGHT MESSAGES
Accepted up to 2:00 A.M. at reduced rates to be sent during the
night and delivered not earlier than the morning of the ensuing business day.
Night Messages ma 3 at the option of the Telegraph Company be
mailed at destination to the addressees, and the Company shall be
deemed to have discharged its obligation in such cases with respect
to delivery by mailing such Night Messages at destination, postage
prepaid.

NIGHT LETTERS
Accepted up to 2:00 A.M. for delivery on the morning of the ensuing business day, at rates still lower than standard night message
rates, as follows: The standard telegram rate for 10 words shall be
charged for the transmission of 50 words or less, and one-fifth of
such standara telegram rate for 10 words shall be charged for each
additional 10 words or less.

SPECIAL TERMS APPLYING TO NIGHT LETTERS:

yak,"

March 25, 1923.

Dear

Governor Strong:

as per

I wired you to-day

condition.

enclosed

confirmation

regarding Mr. Stettinius'e

I spoke to Air. Sennett, !Ir. Stettinius's secretary, who has been at the

hospital each day and is in continual consultation with the doctors.

reports

afternoon
that gr. Stettinius had a vary good night and that this
A the reports are still

favoraole.

Ae says tne doctors are extremely gratified with the way things

are shapin7 themselves, as the gases around
pain not no severe.

Mr.

yesterday due to the fact

Bennett tells me

the wound are not so annoying and the
that the

family. was eomewhat alarmed

that the gases were continually forcing blood

wound and made Mr. Stettinius

very

uncomfortable.

liowever, Dr.

through the

Cabe said

that this

did not do any harm as it was an outlet for the gases and in this way helped to
the

pressure against

that Mr.

the wound.

Mr. Bennett said that

Stettinius was really in his

to keep him under

hypedermics

asked about outside

this was the

normal state of mind as

heretofore

due to

relieve

first morning

the doctors were

the excessive pain.

obliged

Mr. Stettinius

matters and was keenly interested in what was going on,

which

the

doctors consider is a good sign.

Mr, .Bennett feels
Stettinius or the

other

that there is no use of making inquiry through 'Ors.

members of the family as to how Mr. Stettinius is progressing.

He says that Mrs. Stettinius has been rather hysterical ever since the
does not seem to be in a position

to give a

true picture

He also says that all of the members of J..11.

danger.

of Mr. Stettinius's

have every reason

morning's report that Mr. Stettinius's friends can

operation and

feel assured

progress.

to believe from this
that he is well out of

March 25, 1923.

Aith kindest regards, I am,
Yours sincerely,

Mr. Benj. Strong,
c/0 Cragmore Sanitarium,
Colorauo Springs, Colorado.
enc.

BANK

FEDERAL RESERVE
OF NEW YoRK

IN REPLY PLEASE REFER
TO

April 12, 1923.

Dear ,Governor Strong:

The attached is an extra copy of your letter to
Senator Glass which I thought you would like to have, although
you requested Mr. Jay to send you a copy.

I had Miss McCarrick

copy your draft of the letter and also a copy of Mr. Davis's letter
and gave all the papers to Mr. Jay as you requested. Miss Holmes

informs me that Mr. Jay still has your letter on his desk. He is
away from the bank,until Monday but Miss Holmes tells me that he

will give it his attention the first,1uing on his return.
Yours s ncerely,

Mr. Benj. Strong,
c/o Cragmor Sanatorium,
Colorado Springs, Colorado.

Fm e
SA

STE' E.-ET

-EN,'

o-uthe,

atfay

OR If(

7),

tICtqiir

}L(<

4//ei,t_40

2/.07 ITO-v(V

(1702ei ;igfiLth;,,

61w2Lew 10

oily

;iv

vi;rfii

rozeA

naci<

abl,f(224./P.

15e)

6'7-/

cfica_ei

ete
ICI:ffkk

ap-f-j
-

ntvi .PO4)2>

Writ_oz,agk_
2CO3 _I<

GZA-57,1yr

9
SA

cfj

oraL.

Oft:Le_te

(A,

?eau:

FIFTEEN 1\1\ASSAU STREET
141')

IN EV:

0RK

-afxs-551. -

(With

IVO

1914e2)-2i

CitfL, azo

149&)---c;--1k
/2-5-7/0-6-

lAncritg,s,

6111114

1O2-0

6frie

ti', VOL-0-24.7-af

t<;,

affair:

(-a77

0L---"e7(7

j_-/-7--.%.(1

0,72-C.C.1

'27.

61 en-

)i4air-c.q/CP er'jo-e"

(Cc; Y iini74ku

errl (77

ge3"--0-1Zeo

C.)

,4".C1-14'

ae5w-f-,-.LeCe

7.(Lor2 a/3S7
t

t1i7 11

-714

16(-'12

1tht2

fitre2

7,24 tile-Z

-71)7Z-V,k-r-

ate her-v-,

11711 ntai lba-Wca,

(poritpart

6,9a

(

eaf,A

fi37.fiZEL45:

()
--r

:,,,f,C6:17 (7

t`ri-;:"
-

,CET Y;;:.).1

cLtia,Lete_

6c afi-z
16-

affce
C.0

it}

7-AA-

---63

neffii

icariatfLp

470 PARK AVE N
NEW YORK.;

-ezegg,
,

def_, drlase

(Clare

triae /14)-0,) ccea_fire

...ffacto

ififaLig eY6,cess3, aaza

kr.

A' 4/&cile9r6--d7,& -4),(42e

6,0

(&J do 6:swg

e
t(E.irLt-/c)..

11,(A-tst,,,Q
"-

-*Fir d'afi.c1
C

no_649b____76 ("Jae
fp

.Cfli
7

0,y-4,

iCa:212

et.4 '....
f"'

ZLe

1/4

ci 0

atiop efico_pL

areLe

q(N_36-Lorf.--

i-Lea_eiru

--"rffize

Lai

12)1____,

(co
°

-4LeraZ,.,
CSILE-1*--

6;:y21;

(1,&571,14,

OFFICE CORRESPONDENCE
To

Officers Letter Book

FROM_

A'fj111;411

FEDERAL RESERVE BANK
OF NEW YORK

1-26

DATE

Julie_

1926

_192

SUBJECT:

Miss Bleecker

The following extract from Mr. Moore's letter to me,. dated from ROME, MAY 22,
will likely interest you:

"The Governor intends to go to Beauvallon, a resort on the French
Riviera, near Ste. Maxime (which is between Toulon and St. Raphael) for
We stay here 6 or 7 days, then Motor to Milan, spend
his month's rest.
a couple of days there, and motor on to Beauvallon, according to present
plans."

MP=

Hotel Ritz, Paris,
August 21, 1919.

My dear Miss Ericson:
Thank you very much for your note of August
let, which only reached me

a few daye ago.

I shall be back in London within two or three weeks, and
if you still feel inclined to help me I shall be most grateful
to take advantage of it.

If possible I shall send you a telegram before my arrival to give
ample warning.

Thanking you for your note, I am,

Sincerely yours,

Miss Phyllis E. Ericson,
36, queen's Gardens, Lancaster Gate, W.,
London, Enzlendfl

BS/V

you

London, September 8, 1919

MISS PHYLLIS E. ERICSON

36 Queens Gardens

Lancaster Gate West

London

Will you call at Ritz Hotel before eleven tomorrow morning
regarding some work
BENJAMIN STRONG

s7'i'i

C-

/efit,41-1

FEDERAL RESERVE BANK
OF NEW YORK

af
MAR2

February 26th, 1917.
1917

Dear Mr. Strong:

Your letter of the 20th, together with three under
date of the 22nd formed part of a large and varied assortment
of mail awaiting me this morning (I did not come in Saturday),

and while it was not lack of work which caused me to wire you,
I was glad to see the visible evidences of your recovery.

Fol-

lowing your example, I answer seriatum:

Of course I knew all about the notes

French Notes:

which were sent to the Park from the City Bank as I "did them
up", addressed the box to Mr. Curtis, took it to the postoffice
and registered it myself.

But the preceding negotiations were

handled personally and verbally to a large extent by you and I
did not know that this was the lot sent by Yr. Peixotto and Mr.
Curtis was extremely hazy on the subject when I inquired of him.
However, I think you -have "all that is coming to you" now

this direction,at any rate,and we can dismiss this as a subject
of correspondence.
Income Tax:

In view of the nature of the replies

which you have made on the back of the report, you would only
be permitted to claim $1,000 exemption and this will be done and
the report sent in after I have made a copy which will be filed
with your personal matters here.

FEDERAL RESERVE BANK OF NEW YORK

Mr. Strong.

2/26/17.

Your Expenses:

I mentioned this matter with particular
to Mr. Hendricks
reference to Miss Carleton's salary one day recently,and he took
it up with Jr. Sailer who asked me to have you send in a statement of not only Miss Carleton's salary, but all expenses for stationery, sta.:p

etc. as without question this was all bank ex-

pense and it was proper that it should be taken care of by the
bank, the fact that it had not been brought up before being simply
an oversight.
Outgoing Mail:

Be fair and acknowledge that your criti-

cism of this department is due to prejudice.

Not only is no one

aware of its having been in had shape since those young boys were
taken off the work, but a recent report from our efficiency expert
on this department was most satisfactory.

The Weekly Report of

last Saturday applies principally to the incoming mail.

Of course

the "expert" suggested some changes, or additions rather, which
may add to the efficiency of the department, but there was no criticism of it as handled at present.
And while it may seem inappropriate here and certainly is a
rash thing to do, I respectfully suggest that you freshen up a bit
on biblical lore.

At least, it has always been my understanding

that it was the child and not the rod which was in danger of spoiling.

Of course, a bomb proof is the only safe place for me after

the last two paragraphs, but you know I don't hold life as a very
precious thing.
Boy's Camp:

It was awfully good of you to send such a

generous check and I can't tell you how much pleasure it gave me
to be able to make out another check payable to the Director of the

eEDERAL RESERVE BANK OF NEW YORK

2/26/17.

Mr. Strong.

-3-

I do regret though that your generosity could

Boy's Department.

not have been altogether whole-hearted.

No doubt there is a good

deal that one might not approve of with the Y. M. C. A.'s but then
where are you going to look for perfection!

You see, I know this

camp, have visited it several times, know its objects and the fine
work it is accomplishing but know nothing that would make it other
I am not only willing to stand

than the worthiest of charities.

sponsor for this contribution but delighted to and thank you more
than I can tell you for the opportunity.
Chamber of Commerce of the United States:

The bank

voted the advisability of taking out a membership in this organization, but before doing so, mail began to arrive for you indicating that you had taken out an individual membership and the
bank application

WRS

held up.

I have turned the whole matter

with all correspondence over to Mr. Curtis who will straighten
the whole affair out properly.
Commission for Relief in Belgium:

I have forwarded the

check to Mr. Porter and written the Chairman of the Executive Committee as per enclosed copy.

The circular requested that this do-

nation be continued for the balance of the year.
Annalist Bill:

The enclosed copy of letter will explain

that this bill was probably sent you in error.

Your subscription

is paid for six months from the middle of December last.
The letters addressed to Mr. Phillips and Messrs. B. F.
Stevens dc Brown are self-explanatory.

To-day there has been a series of conferences since
Mr. Treman and Mr. Jay got in this morning, hence my opportunity
to take care of your mail at once.

Of course, you will advise

-4-

FEDERAL RESERVE BANK OF NEW YORK

Yr. Strong.

me if any of the above is not in accordance with your views.

2/26/17.

Also,

If there is anything further,. you know I am always glad to do what
I can.

Very truly yours,

Benjamin Strong, Esq.,
4100 Montview Boulevard,
Denver, Colorado.
4 Enos.

P. S.

I neglected to state above that there is

no receipt in the files here from the Annalist.

inver, Colorado,
2oh 2, 1917.

Dea.r

Thanks for your letters of the 26th, also for your concern about

to up to stalliard

my general health and behavior, which I th
fact is I

now, although for a time it was not,

get back -- it is the hardest thing

have to con

and each day's developments during the last week or

ost impatient to

d with out here

eve made it all

the harder.
Thank you for the re

tters mentioned.

1 have written a note to

e matter of the expense ac-

count and I must

t the bank

tha

even though so iae of them may be

for my expenses ,Whi

work; a lot of it likewise is personal, as

in a way incurred in th
you realize.

should be penalized

However

have

to make sure that t e matter

ten Er. ?roman about it because I want
formally dealt with, and we will see What

Will Department is not due to prejudice against
any person

thing; it is due to an mate and very positive sense of

what is righ md what is wrong in the way the details of a bank should
be handled.

Mail Department has been wrong foa months and continued

wrong after attention was directed to it and somebody had to be cold

blooded enough to straighten it out. It is all right now, so far as I
can judge from here, for the mail comes to me

in excellent shane. And if

you think that that is the only spot in the bank that has been

wrong, you

are really very much mistaken, because I have occasionally had evidence

here of other little

matters,

to be sure most of them straws, but never-

To - Ira. McLaren.

Larch 2, 1917.

theless sufficient to make me realize that here and there a little
dressing up would not be amiss. My illustration was not supposed to

be either a quotation from the bible or an exact statement of the

biblical story; more, in fact, a little
tion which I received either in trenc

of many an injunc-

t iinglish or i h a rod when I

was a boy. It was my father's favor

prelude of app i ations in
that case of either the slipper or hair brush.
My cheek book shame a

:ational Bank of Denver o

ch I presume covers the

six months ebecription

we have no receipt here.

L great many

after all these bothersome

details for ma. I ho
colleagues in the Secre
Thank you also

Improved and that you and your

'apartment are not overworking.

income tax return Which I will file

regards to you all at the bank.
ssed to learn of Mr. Cann's defection; he was

part of the

st beef of the force.
Very sincerely yours,

Mrs. V. C. McLaren,
Federal Reserve Bank,
New 'York City.

BS/CC

111116

JON

twit

1919

WIVE BANK

A3MORANDUM FJR M. HAROLD VAUGHAN:

The letter attached should be presented to Mr. Winslow,

who will look after your passport.

I suggest your getting at least a dozen photographs, suitable for passport use, printed on thin paper, two by three inches,
There is a photographer on 9th
before presenting the letter.
Street, just off Penn. AY., Who will mace the right kind of photo-

graphs in a few hours.

If there is any difficulty about your passport, I suggest your calling me up over the private line which runs between
the Treasury Department and this bank.

144,1

haq,eq
VII

hair-A-1)3

tit

t 14

141)

4'.i,-(7-fr

(I
<

1;7(64
;

6,464

(1.40t,

June 29, 1922.

Dear Mr. Abrahams:

Congratulations on having successfully completed the

course

in banking practice at the American Institute of Banking this year!
The Institute is doing good work and I am glad. you are availing yourself

of the privileges it

affords.

The more our country

must realize the need for broad

progresses in world banking the more we
training

in finance and allied

subjects.

I am delighted that so many members of our organization seem to realize
this.

You will,

I hope, continue this good work and if you do, I am

sure you will find not only a suitable reward, but much happiness in the
work itself.
Sincerely yours,

Benj. Strong,

Governor.
Mr. William Abrahams,
Federal Reserve Bank of New York,
New York, N. Y.

June 29, 1922.

Dear Mr. Anderson:

Congratulations on having successfully completed the course

in law of contracts at the American Institute of Banking this year:
The Institute is doing good work and I am glad you are availing yourself

of the privileges it affords.
The more our country progresses in world banking the more we

must realize the need for broad training in finance end allied subjects.
I am delighted that so many members of our organiation seem to realize

this.
You will, I hope continue this good work and if you do, I am

.aura You will find not only a suitable reward, but much happiness in the

work itself.
Ancerely z.ours,

BENJ. STRONG

Governor.

Mr. William Anderson,
Federal Eecerve an of hew York,
New York, N. Y.

June 29, 1922.

Dear Mr. Batchelder:

Congrntulations on your honor record in the class in l'w of
negotib1D instruments 'nd on having fuccessfully completed the courses

in law of contracts, bbrik org,nizaticn, ,,nd fiduciary law at the American

Institute of Banking this year!

The Institute is doing good work ,nd I

mi glad you are availing yourself of the privileges it affords.
The more our country progresf,.es in world banking the more we

must realize the need for broad training in fin nee and allied subjects.
I am delighted that so many members of our organization ,:aem to realize

this.
You will, I hope, continue this good work snd if you do, I am

sure you will find not only e suitble reward, but much happiness in the

.ork itself.
Sincerely yours,

Benj. Strong
Governor.

Mr. ::indsor 3atchalder,
Feders1 Reserve Bank of New York,
New York, N. Y.

FEDERAL RESERVE BANK
OF NEW YORK

June 9, 1922.

Dear Governor Strong:

We who were the recipients of your kind words and cordial
handshakes want to tell you that they are appreciated.
In a large institution of this kind it is often difficult,
if not impossible, for the men of the ranks to come in personal contact with the official staff and an occasion such as that which we
experienced Last evening at Aeolian Hall brings out in clear relief
the character and the sympathetic human side of the man who is our
leader.

All of us agree that while formerly we prided ourselves
with being loyal members of the staff, of this bank still that feeling of pride was not nearly 30 pronounced as it is to-day. The occasion of your visit to our Commencement will long rauain with us
and serve as an added inspiration to greater things. We have been
told by of
of the hew York Chapter that this same thought was
expressed by officers and anployes of many banks which were also
represented there.
Permit us, Governor Strong, to wish you huge and continuing success. We hope you will hold the reins for many years to come.
Cordially yours,

AO°

1Irdr or,
-411

Henry M. Burnett

ri-rt4

\'`,

OVA

Rober

. Dickey

John J. Golden

z7'-'`//c0
Charles F. Rourke

Benj. 3trong, Esq.,
Governor, Federal Reserve Bank,
New York, N. Y.

Russefl Tweed

June 9, 1922.

Dear !Jr. Burnett.
You probably cannot reaiixe the pleasure and satis-

faction which I experienced last nigtet when I saw you boys re-

ceive your diplomas after completing the three year course of
studies at the American Institute of

Bunking.

You have all

distinguished yourselves, and I am very proud of you.

With best congratulations, and many good wishes, I an,

Yours sincerely,

Benj. Strong,
Governor.

Henry M. Barnett, Esq.,
c/o Federal Reserve Bank,
15 Nassau Street,
New York City.

Office Correspondence
To

Mr. Strong

From

H. V. Cann.

FEDERAL RESERVE
BANK OF NEW YORK

Date April 28, 1916.
Subject:

, Gold.

Agreement that our credit balance in London shall always be available in gold at a fixed price, say 77/9 per

English

standard ounce (9.16 2/3

fine)31.10349552 grammes) and no extra charge for bars.
It would seem desirable to have a definite limit to the amount of
a balance that may be callable

gold.

When gold is earmarked, the custodian might account for it by
weight only;

for so many English standard ounces.

The value could be entered in our accounts at the New York assay
office price for the English standard ounce, namely, 418.945736.

(Query,

in entering the value should allowance be made at an arbitrary rate to
cover the possible cost of importing the metal?

I think not.)

The Bank of England has no fixed buying price for foreign coins.
Its nominal quotations for Napoleons is 76/3 1/2 per ounce weight.

The Bank of France buys bar gold at Fs. 3437 per kilo fine (1,000
grammes) and its fixed price for coin 9/10 fine is Fs. 3093.30 per kilo.
When this bank undertakes a reciprocal custody of gold it might

agree to always be ready to deliverin gold of American standard fineness
(i.e., 900 fine,at the assay office price, namely, 418.604651, and varying
from that to bars 1000 fine at price 420.67183 plus extra charge of
thousand dollars for the bars),the balance

5(4

per

at, credit on our books subject

to a definite limit.

In the normal future it is probable that gold settlements will run
against the United States and that, under the contemplated arrangement, this
bank would have custody of more gold than London and for some years perhaps

would have to bear the greater expense for handling,unless a fee is allowed

Misc-37

Office Correspondence
To

mr. Strong

From

H. V. Cann

FEDERAL RESERVE
BANK OF NEW YORK

Date April 28, 1916.
Subject:

Gold.

-2-

for that quantity held here which is not offset by-gold held for us in
London.

In cases of actual shipments the cost would, of course, be paid
by the owner of the metal.

HVC/PE

June 29, 1922.

Dear Mr. Carnahan:

Congratuistions n having successfully completed the course

in advanced Spanish at the American Institute of Banking this years
The Institute is doin:7 7ood work and I am glad you are availing yourself

of the privileges it affords.
The more our country progresses in world banking the more we

must realize the need for broad training in finance and allied subjects.
I am delighted that so many members of our organization seem to realize

this.
You will, I hope, continue this good work and if you do, I am

sure you will find not only a suitable reward but much happiness in the

work itself.
Sincerely yours,

BENJ. STRONG

Governor.

Mr. Robert Carnahan,
Federal Reserve Bank of New York,
New York, N. Y.

June 29, 1922.,

Dear Mr. Cooper:

Congratulations on having alccessfully completed the second

year course at the American Institute of Banking this year!

The

Institute is doing good work and I am glad you are availing yourself

of the privileges it affords.
The more our country progresses in world banking the more Ye

must realize the need for broad training in fimince and allied subjects.
I am delighted that so many members of our organization seem to realize

this.
You will, I hope, continue this good work and if you do, I am

sure you will find not only a suitable reward, but much happiness in the

work itself.
Sincerely yours,

BENJ. STRONG

Governor.
Mr. Norman Cooper,

Federal reserve Bank of New York,

New York, N. Y.

Juno 29, 1922.

Dear Mt. Creighton

Congratulations on having successfully completed the course

in income tax procedure at the American Institute of Banking this year!

The Institute is doing good work and 1 an glad :iou are availing your3elf

of the priiileges it affords.
The more our Country progresses in world banking the more we

must realise the need for broad training in'finance ano allied subjects.
am delighted that so man members of our organization seem to realize

this.
You will, I hope, continue this good work and if you do, I Am

sure you will find not only a suitable reward, but much happiness in the

work itself.
. Sincerely yours,

'BENJ. STRONG

Governor.

Mr. Norman Creighton,
federal eserve Bank of New "York,
New York, N. Y.

June 29, 1922.

Dear 11r. Denny:

Congratulations on having successfully completed

course in international

exchange at the American

the

Institute of

Banking this year! The Institute is doing good work and I am
glad you are availing yourself of the privileges it affords.

The more our country progresses in

world banking the

more we must realize the need for broad training
allied subjects.

in finance and

I am delighted that so many members of our organ-

ization seem to realize

this.

You will, I hope, continue this good work and if you do,
I am sure you will find not only a suitable reward, but much
ness in t.he work itself.

Sincerely yours,

BENJ. STRONG

Governor.
Er. D. Lenny,
Federal Reserve Bank of New York,
Hew York, N. Y.

happi-

June 9, 1922.

Dear Er. Dickey:

You probably cannot realize the 'pleasure and satisfaction which I experienced last night when I saw you boys re-

ceive your diplomas after completing the three year course of

studies at the American Institute of Banking.

You have all

distinguished yourselves, and I am very proud of you.
With best congratulations, and many good wishes, I am,

Yours sincerely,

Benj. Strong,
Governor.

Robert J. Dickey, Fag.,

cio Federal Reserve Bank,
15 Nassau Street,

New York City.

June 29, 1922.
Mr. Dieckert:

Congrstul,Aions on your honor record in the class on la* of

bu,ines,, relations at t'.;e American Institute of Banking thiE year!

The

Institute ie doing good work ni I am gl-d you re av-iiing yourself of

the privileges it -ffords.'
mor, our ouutry progresses in world banking the more we

must realize the need for broad trnining in qn,nce ,Jnd llied subjects.
I -Al delighted tabt so mtny members of our organization seem to realize

this.
You will, I hope, continue this good work tAld if you do,

sure you will not only find a suitdale reward, but much itppinass in

the work itself.
Sincerely yours,

Benjamin Strong
Governor.

gr. J. Dieckert,
Federnl Reserve Benk of New York,
New York, N. Y.

June 29, 1922.

Dear Mr. Dorsch:

Congratulations on having suocessfully completed
course in trust func.tions at the American Institute of
this year!

the

sanking

The Institute is doing good work and I am glad you

are availing yourself of the privileges it affords.

The more our country progresses in world banking the
more we m-,st realize the need for broad training in finance and

allied subjects.

am delichted that so many members of our or-

ganization seem to realize this.
You will, I hope, continue this good work and if you do,
I am sure you will find not only a suitable reward, but much happi-

ness in the work itself.
Sincerely yours,

BENJ. STRONG
Governor.

Mr. Arthur Dorsoh,
Federal Reserve Bank of New York,
New York, N. Y.

June 29, 1922.

Dear Mr. Fallon;

Congratulations on having successfully completed the
second year course at the American Institute

year!

of Banking this

The Institute is doing good work and I am glad you

availing yourself of the

are

privileges it affords.

The more our country progresses in world

more we most realize the need

for broad

banking the

training in finance and

I am delighted that so many members of our or-

allied subjects.

ganization seem to realize

You will

this.

I hope, continue this good work and if you

do,

I am sure you will find not only a suitable reward, but much happi-

ness in the work itself.
Sincerely yours,

BENj. STRONG

Governor.
Mr. Albert Fallon,

Federal Reserve Bank of New York,
New York, N. Y.

June 29, 1922.

Dear Miss Fox:

Congratulations on having successfully completed the course
the American Institute of Banking this year

in business alglish at
The Institute is doing good. work and I am glad. yre.1 are availing yourself
of the privileges it affords.
The more our country progresses in world banking the more we

must realize the need. for broad training in finance and allied subjects.
organization seem to realize
I am delighted that so many members of our

this.
You will, I hope, continue this good. work and if you do, I am
sure y3u Nil 'find. not only a suitable reward, but ruch happiness in the

work itself,
Sincerely yours,

STRONG,

Governor.
Miss

iuna Fox,

Feueral Reserve 3ank of New York,
New York, N. Y.

Juno

1322.

Congratul-tions on your honor record in the clee in law of
contracts rind on n,ving succeesully completed the send
Standfrrd
Course Course a t the Americrm Institutc of Bnnking lPst yet-ri The
Institute is acing good 'rdrk 'and I ,m cli you are availing yourself of

the privilegos it ;ffords.
Th..; more our country progras-ef, in *31-.11 banin

tmn",

ubt realize the need for bro

tralaine in 'irrince and ilied subjects.
delightel t'':t to mtny members' of our ^rg-nization aem to realize
You wilt, I hopo, continuo this good work

you will find not only

suitable reward, but much happiness in the

Itself.
Sincerely yours,

Benj. Strong
Governor.

r. Fred Fox,
Feder1 corve Bank
New Y-rk, N, Y.

you do, I %.m

New York,

Dear Mr. Freer:

Congratulations on your honor record in the class onA)&nk

organization and on having successfully completed the course in re-

serves and rediscounts at the American Institute of Banking this year!
The Institute is doing good work and I am glr,ti you 3.re -,vailing yourself

of the privileges it affords.
Tha more our country progresses in world banking the more we

muF.t realize the need for brwd training in fin:nce .,nd allied subjects.
I am delighted that so mcny members of our organizatim ssm to renliza

this.
You will, I hope, continue this good work

sure you will find not only

d if you. do, I as

suitable reward, but much happiness in the

work itself.
Sincerely yours,

Benj. Strong
Governor.

Mr. Lawrence Freer,
Federal Reserve Bank of New York,
New York, N. Y.

June 29, 1922,

Dear la. Gallagher:
Congratulations on having successfully ccmpleted the

course in international exchange at the American Institute of
Ilanking this year:

The Institute is doing good work and I am

glad you are availing yourself of the privileges it affords.
The more our country progresses in world banking the

more we must realize the need for broad training in finance and

allied subjects.

I am delighted that so many members of our

organization seem to realize this
You will, 1 hope, continuo this good work and if you

do, I am sure you will find not only a suitable reward, but much

happiness in the work itself.
Sincerely yours,

BENJ. STRONG,

Governor.

r. George Gallagher,
Feueral Reserve Bank of New York,
New York, N. y.

June 29, 1922.

Dear Mr. Gillmore:

Congratulations on having successfully completed the

first year standard course at the 'American Institute of Banking

this year

The Institute is doing good work and I am glad you

are availing yourself of the privileges it affords.
The more our country proresses in world banking the

re we must realirs the need for broad training in finance and

allied subjects. I am delighted that so many members of our
organiat1on seem to realize this.
You will, I lure, continue this good work and if you do,
I am sure you will find not only a suitable reward, but much happi-

ness in the York itself.
Sincerely yours,

BENJ. STROM

Governor.

Mr. D. E. Gillmore,
Federal Reserve Bank of New York,
New York, N. Y.

June 9, 1922.

Dear Mr. Golden:

You probably cannot realize the pleasure and estisf!xtion
which T. experienced last night when I saw you boys receive your

diplomas after completing the three year course of studies at the
American Institute of Banking.

selves, and I

You have all distinguished your-

very proud of

WIth best cmgrtulations, and mnn) good wisheil, T am,
Yours sincerely,

Benj. Strong,
Governor.

John J. Golden, Esq.,
c/o Federal Reserve Bank,
15 Nassau St.,
New York City.

BS.MM

June 29, 1922.

Dear Mr. Harrison:

Congratulations on having successfully completed the

following courses at the American Institute of Banking this-year:
Banking practice
Economic development
Bank bookkeeping

Bank arithmetic

The Institute is doing good work and I

am glad you are availing

yourself of the privileges it affords.

The more our country progresses in world banking the

more we must realize the need for broad training in finance and
allied subjects.
ization seem to

I am delighted that so many members of our

organ-

realize this.

You will, I hope,

continue this good work and if you do,

I am sure you will find not only a suitable reward, but much happiness in the work itself.

Sincerely yours,

BENJp STRONG

Governor.

Mr. B. Harrison,

Federal Reserve Bank of New York,
New York, N. Y.

June 29, 1922.

Dear Mr. Hauslaib:

Congratulations on having successfully completed the
course in reserves and rediscounts at the

American Institute of

Banking this year! The Institute is doing good work and I am

glad you are availing yourself of the

privileges it affords.

The more our country progresses in

world banking

the

more we must realize the need for broad training in finance and

allied subjects. I am delighted that so many members of our organ,
ization seem to realize this.
You will, I hope, continue this good work and if you do,
I am sure you will
ness in

find

not only a suitable reward, but much happi-

the work itself.
Sincerely yours,

BENJ. STRONG
Governor.

Mr. W. Russell Hauslaib,
Federal Reserve Bank of New
New York, N. Y.

York,

June 29, 1922.

Dear

mr,

Hawkins:

Congratulations on having successfully completed the course

the American Institute of Banking this year
The Institute is doing good work and I am glad you are availing yourse2f
in law of contracts at

of the privileges it

affords.

The more our country progresses in world banking the more we
must realize the need for broad training in finance and allied subjects.
I am delighted that so many members of our organization seem to realize

this.
sure you

You will, I hope, continue this good work and if you do, I am
will find not only a suitable reward, but much happiness in the

work itself.
Sincerely yours,

BFBJ. STRONG,
Golfe rn. 0 r4,

AI% C. H. Hawkins,
Federal Reserve Bank of New York,
New York, N. Y.

June 29, 1922.

MiHs Hicks:
Congratuliationa on your honor reoord in the clqes in principles
Abecn,Aliem and on having auccesefully completed the first yetir SttndtIrd

the Arica Inetitute of Banking this yer!

urine

doing

ood

work .,nd

I,4,e) ead

you tire

The Institute ia

viling yourself of the krivileges

it affords.
The

our country progreseeo in world bsnilog the

r ,11.e the need for broad trF,Aning in fiwAlce

71(1

allied aubjecte.

we aust
I

,:tz

delighted that 80 ',14ny members of our orgulization seem tc reClize this.

Ynu oill,
eure you

will

I hope, continue this good work r,rld

find not only

if you do, I,Jm

suithle rawerd, but 'such hineen in the

itself.

Sincerely your6,

j. Strong
,vernor.

beth Hicks,
Aerve a=tnk of NeT:

June 2, 1922.
Dear Mr. H

Congratulations on havint5 aucces:fully completed the work of

the preparatory course ind thereby qualifying for entrance into the

dard course at the Americ,n Institute of Banking this yelr:

The

stitute is doing good ,crk ,nd I am glad you Lre avfilinis yourself of

privilegea it affords.
To more our country progres,es in world banking the more we

must realize the need for brc,id tr-ining in fin nce snd alliad subjects.
I

m (1.-?lighted that co many memoer

cf our organization seem to realize

is.
You 7,11, I hope, continue- this good work nd if you do, I am

u o you will not only find

suit:ble rawhrd, but much h3.ppins7 in the

work itself.
Sincerely yours,

Benj. Strong
Governor.

Mr. Clarence

Federal her t
New York, N. Y

rt,

fink of New York,

June 29, 1922.

Dear Mr. lioffmaan:

Congratulations an having successfully completed the courses
in economic development and business English at the American Institute

of Banking this year:

The Institute is doing good work and I am glad

you are availing yourself of the privileges it affords,
The more our country progresses in world banking the more we

must realize the need for broad training in finance and allied subjects.
I am delighted that so mangy members of our organization SOO@ to realize

this0

You will, I hope, continue this good work and if you do, I am

sure you will find,not only a suitable reward, but much happiness in the

work itself,
Sincerely yours,

BKNJ. STRONG,

Governor.,

Jenry Hoffmann,
Federal Reserve Bank of New York,
New York, N. Y.

June 29, 1922.

Dear Ur. Lombard:
Congratulations on having successfully completed the courses

in bank organization and credits at the American Institute of 3anking
this yeart

The Institute is doing good wok and I am glad you are

availing yourself of the privileges it affords.
The more our country progresses in world banking the more we

must realize the need

I am delighted that so

for broad training in finance and allied subjects.

many members of our organization seem to realise

this.

You will, I hope, continue this good work and if you do, I um
sure you will find not only a sultable,reward, but such happiness in the
Jerk itaelf.

Sincerely yours,

3enj. Strong,'
Governor.

Yr. Harold Lombard,
Federal Reserve Bank of New York,
Jew York, N. Y.

June 29, 1922.

Dear Mr. !donee:

Congratulations on having successfully completed the first

year standard course at the American Institute of Banking this yeart

The Institute is doing good work and I am glad you are availing yourself

of the privileges it affords.
The more our country progresses in world banking tie more we

must realize the need

for broad training in finance and allied subjects.

I am delighted that so maws members of our organisation seem to realize

this.
You will, I hope, continue this good work and if you do, I am
sure you will find not only a suitable reward, but much happiness in the
work itself.
Sincerely yours,

Benj. Strong.
Governor.

Er. Basil Yuma,
Federal Reserve Bank of New York,
New York, N. Y.

June 29, 1922.

Dear Kr. killer:
Congratulations on having successfully completed the first
year standard course at the American Institute of Banking this year%
The Institute is doing good work and I tam glad you are cvailin, your-

self of the privileges it affords.
The more our country progresses in world banking the Lore we

must realize the need for broad training in finance and allied s 'ects.
I am delighted that so many members of our organization seem to realise

this.
You will, I hope, continue this good work and if you du, I ar:

sure you will find not only a suitable reward, but much happiness in the

work itself.
.Sincerely yours,

Benj. Strong,
Governor.

Mr. J. W. Miller,

Federal Reserve Bank of New York,
New York, N. Y.

July 29, 1922.

Dear Mr. Morcerf:

Congratulations on having successfully completed

course in business Englisl. at the American

this year!

Institute

the

of Banking

The Institute is doing good work and I am glad you

are availing yourself of the privileges it affords.
The more our country progresses in world banking the
more we must realize
allied subjects.

the

I an

need for broad training in finance and
delighted

that

so many members of our

organization seem to realize this.
you will. I hope, continue this good work and if you
do

I am sure you will find not only a suitable reward, but

much happiness in the work itself.
Sincerely 'yours,

BENJ. STRONG,

Governor.

Mr. James Morcerf,
Federal Reserve Bank of New York,
New York, N. Y.

June 29, 1922.

Dear Mr. Morris:

Congratulations
course in business
this year:

on having successfully completer the

English at

the American Institute of Banking

The Institute is doing good work and I am glad you

are availing yourself of the privileges it affords.
The more our country progresses in world banking the

more we must realize the need for broad training in finance and
allied subjects.

I am delighted that so many members of

our

organization seem to Tealize this.

You will, I hope, continue this good work and if you do,
I am sure you will fin] not only a suitable reward, but much

happiness in the work itself.
Jincerely yours,

BENJ. STRONG

Governor.

Mr. Chester Morris,
?eder-1 Feaerve Bank of New York,
Nov York, N. Y.

June 29, 1922.

Dear Mr. O'Toole:

Congratulations on

having successfully completed the course

in bank organization at the American Institute of Banking this year:

The Institute is doing good work and I am glad you are availing

yourself of the privileges it affords.
The more our country progresses in world banking the more we

must realize the need for broad training in finance and allied subjects.
am delirAted that so many members of our organization seem

to realize

this.
You will, I hope, continue this good work and if you do, I am

sure you will

find not only-a

suitable

reward, but much happiness in the

work itself.

Sincerely yours,

BL.J. STfONG

Governor.

Mr, Cyril O'Toole,
iederal Reserve Bank
New York, N. Y.

of New York,

viSC 3

Z;;4411/t5074447h...7*

FEDERAL RESERVE

BANK OF NEW YORK

(:::c76D) FrICr co Fl ESPO D E c E
To
From

June 16, 1:}1

Date.

Subject :

1. Robinson

301sA

B WL.0

Zpgi\I'

The Third Class of the Order of Prince Danilo The First,
instituted for the Independence of 1::onterexo, is conferred by the
Prince of .:.:-ontenero on. tho recoJmendation of his minister for
I

civil merits.

The 2curth Cless is noted in the books on orders as

beinL; "unlimited" but there is only the above aesicnation made for

the 2hi1d Class - presumably it is

a limited order

Prince Danilo 21-la JArst of Lontenero succeeded in 1851

the lest 1=rince-LishOp end separated the relilous from the secular
supremecy, reteiniir-

Yrince.

the

secular under the title of Gospodr or

In 1855 he decreed civil and relizious liberty for his
CiA

subjects.
e'ziled.

he was

assAinated

in 1850 by a .1::ontene3rin

It is not definitely statea, but I infer that this order

was founded to commemorate the strulizle for
TJrks in 1855.

whom he had

independence

from the

June 9, 1922.

Dear Ur. Rourke:
You probably cannot realize the pleasure and satis-

faction which I experienced lust night when I saw you boyd
receive yam diplomas after completing the
three year course of
studies at the American Institute of Banking.
You have all
distinguished yourselves, and I axa very proud of you.
With best congratulations, and many good wishes, I 4m,
Yours sincerely,

Benj. Strong,
Governor.

Charles F. Rourke, Leg.,
c/o Federal Reserve Bank,
lb Nassau Jtmeet,
New York City.

June 29, 1922.

Do.tr Mr. Rourke:
Congrst

11.6 on your honor record in the cl ss on 1..w of

inec- relations at the America Institute of Banking this year!

The

Institute is doing good work nd I 'm glsci you re avsflthg yourself of

privileges it ffords.
Th, more our country progresses in world brnking the more we

must realize the need for brorfl training in fin-nce and $11ied subjects.
I m delighted t_rt

m-ny members of our orgsnizstion seem to reelise

this.
You will, I hope, cotinue this good work Lnd if you do, I
..ure you vill find not:only s. suittible reward, but much hr.ppinees in

the work itself.
Sincerely yours,

Ben.p min Strong
Governor.

Mr. Charles Rourke,

Federal Reservenk of New York,
Ne7, York, N. Y.

June 29.

Dear Mr. Rowel

Congratulations on having slcoessfully completed the

course in principles of economics at Cie American Institute of
Banking this year! The Institute iL doing good work and I am

glad you are availing yourself of the privileges it .affords.
The more our country progresses in world banking the

more we must realize the need for broad training in finance and

allied subjects. I ar de/L7hted that s.-.) many members of our organization seem to realize this.
You will, I holie, continuo thit good work and if you

do, I am sure you will find not only a suitable reward, but much

happiness in the work itself.
Sincerely yours,

BENJ. STRONG

Governor.

Mr. Lester Rowe,
Federal Reserve Bank of New York,
New York, N. Y.

June 29, 1922.

.Dear Mr. Shannon:

Congratulations on having successfully completed the

course in bank organization.at tile American Institute of Banking

this year! The Institute is doing good work and I am glad you

are availing yourself of the privileges it affords.
The more our oountry progresses in world banking the

more we must realize the need for broad training in finance and

allied subjects. I am delight.ad that so many members of our organization seem to realize this
You will, I hope, continue this good work and if you

do, I am sure you will find not only a suitaoIe reward, but much

happiness in the work itself.
Sincerely yours,

BENJ. STRONG

Governor.

Mr. George Shannon,
kederal deserve Bank of New York,
New York, N.

June 29, 1922.

Der Mr. z-Agsbee:

Congr%tu4. tions on your honor record in the class in reserves
rediscounts .t tho Americn Institute of Banking this yer!

lnatitute is doing good work ,nd I

The

gl.' you are availing yourself of

the privileges it -,ffords.
To.3 more our country progresse

in world b,nking the more we

must ret_lize the lies._ for bro5d tr:Aning in fiwnce ,n0 allied subjects.
,m delighted t'-v<t., so many member

of our orgt_nizati-m seem to re,dize

You will, I hope, continue this gOr7,71 work end if you do, Ij

sure you hill find not nnly a suittble reward, but such hs,ppiness in the

work itelf.
Sincerely y,irs,

3.nj!-min strong
Governor.

t;r. R. A. Sigsbee,

Feder,,1 rketerve Bt:nk of New York,
New York, N. T.

Cst

tei
jostle,
Paris, France,
August 15, 1925.

Mr. Calvin Smith,
Federal Reserve Bank,
33 Liberty Street, New York.
My dear Mr. Smith:

You will recall that before I left New York I suggested the possibility of Governor Strong's party returning
separately.
This is to advise you that Dr. Walter W. Stewart of
the Federal Reserve Board is returning on the Leviathan, sailing
August 25 and arriving August 31.
Anything that you can do to facilitate hie arrival
will be very greatly appreciated, both by him and by Governor
Strong.

Governor Strong, and his daughter, Mrs. Humphrey,
.111 return early in September.
I shall let.yob know later
the exact date.
But this is just to ask once again if you
car. get Mr. Stuart at the Customs to have the Governor oaesed
through without the delay necessary to customs inspections, etc.
Governor Strong will declare and pay duty on everything he brings
in, and I believe if Mr. .Stuart is asked he will assign a special
inspector who will expedite matters.
Despite all the effcrte
which have been made on previous tripe, Governor Strong says he
has always had ccnsiderable bother, and if you are able this time

ti obviate that, it

will be very much appreciate.

Thanking you for the assistance to Dr. Stewart, I am,
Very truly yours,

Secretary to the Governor.

London, England,
August 31, 1925.

My dear Mr. Smith:
Governor Strong.has again asked me to make very
'

1161

certain that there will be no difficulty about his getting
through the customs on arrival in New York. And he suggests
that you get Ir. Stuart to assign both an appraiser and an

inspector, and that you accompany them to the pier to avoid
delays.
He will arrange to have everything in one trunk and
will see that as many of the bills as possible are available
for the appraiser.
I an assuring him that you will make

every effort to have his entry as little delayed as possible.

It is now definitely arranged that Governor Strong
will return on the Olympic, which sails September 9. Will you
be good enough, also, to have customs passes sent to the
following:
Mx. Ernest Kendall (Mr. Strong's valet whom he
wishes to have meet him)
and
Mr. Philip Strong
both at 270 Park Avenue. And to Mr. Benj. Strong Jr., for
himself and Mrs. Strong. His pass can be sent to him at the
International Acceptance Bank.
Please accept.my thanks in advance for the assistance.
I regret the need of botering you, but it seems the most feasible
way from this distance.
Very truly yours,
Secretary to the Governor.
Mr. Calvin Smith,
Federal Reserve Bank of Few York,
33 Liberty Street, New York.

June 29, 1922.

Dear Mr. Smith:

Congratulations on having nnocessfully completed the

course in law of neqotiahls instruments at the American Insti-

tute of 3anking this year! The Institute is doing good work

and I an glad you are availing yourself of the privileges it
affords.
The more our country progresses in world banking the

more we must realize the reed for broad trnining in finance and

allied subjects. I am delighted that se many members of our or
ganization seem to realize this.
You will. I hope, continue this good work and if you do,

I am sure you will find not only a suitable reward, but much happi-

ness in the work itSelf.
Sincerely yours,

J. STRONG

Uovernor.

rr. Robert Smith,

Federal Reserve Bank of New York,
Blew York, N. Y.

June 29, 1922.

Dear Er. St(ing
Congratulations on having successfully commieted the

first year staadard course at the 1,merican Institute of 3anking
this year!

Tne Institute is doing good work and I am glad you

are availing yourself of the privileges it affords.
the more our country progresses in world banking the

more we must realize the need for broad training in finance end

allied subjects.

I am delighted that so many members of our

organization seem to realize this.
You will, I hope, continue this good work and if you des
1 am sure you will find not only a soitahle reward, but much happi-

ndss in the work itself.
Sincerely yours,

3ENJ. STRONG,

Governor.

Mr. Ed%nrd stein,
Federal Reserve Rank of New York,
New York, B. Y.

London, September 16, 1919.

My dear Dr. Thomas:

Thank you for your

kind note in

regard to the bill which I

asked you to send me, and particularly for your good
service

which did in

fact make my journey a more

comfortable one.

Sincerely yours,

Dr. Belle Thomas
c/o Federal Reserve Bunk,
15 Nassau street, New York.

BS/V

June 9, 19?2.

Dear Mr. TweEd:

It just happens that your kind letter of today crossed
letters which I had already dictated to each one of you, and I
shall now only add that your letter to me adds greatly to the
pleasure and satisfaction which I had at the Commencement last

night, and further convinces me that we have the finest lot of
young people ii this bank of any bank in town.

A great many thanks to you indeed for your letter.
Yours sincerely,

Benj. Strong,
Goverm)r.

Russell Tweed, Lsq.,
c/o Federal Reserve Rank,
New York City.
EiS.Mt

June g, 1922.

Dear Mr. Tweed:

It gave me a real thrill last night to see one of the boys from the

Federal Reserve Bank carry
the New

off first

honors at the Commencement exercises of

York Chapter of the American Institute of Banking.

was something that may not have occurred to you.

that impressed me

IThen a. group of men and

women who are working hard - sometimes overworking - in a bank in order to earn
a living, are also

perfect

their

willing to give up their evenings for

educations along the lines

three years in order to

of their work, any one 4ho carries off

first honors in such a group has succeeded in a competition

alth associates who

The average class in

are every one of them dangerous competitors.

school or

college cannot possibly have any each spirit of keenneen as muet prevail in each
a group as that of which you have been a member.

So I am writing you to expresa my special gratIficaton and pleasure
that you should have distinguished the bank

by carrying off those honors.

accept my warmest congratulations.
Sincerely yours,

Benj. Strong,
Governor.

Russell Tweed, Esq.,

c/o Federal Reserve Bank,
15 Nassau Street,
New York City.
83.14M

Please

-)41.10
41,1

0\June 13,

Dear lir. 'fiend:
Tlink you for sendifv: rte e copy of the ,Iddreou vbich
u mc,.de at tho Cclavi,enoiment exercises

tte hmerican institute of &tnktng.

f the Ne4 York Chapter cf

I fanted eome f the cther

fficers zf the hank to read it.
Yours very truly,

Benj. Strong,
Governor.

Russell Tweed, Esq.,
c/o Federal Reserve Bank,
Ned York City.
B.S.MM

June 29, 1922.
Dear Mr. Warrlt:

CongrtultionE on your honor record in the clr,ss in bnk
,rithmetic et the Americhn Institute of Bhnking this year!

The In-

stitute is doing good work ,nd I .m glad you ore avbiling yourEalf of

the privilegeL. it '.f'orde.
more our country progre_ eb in worl nnking the more we

must re:117e the need for broai tr,ining in fin nee ,nd allied subjects.
/ ,m delighted tht, so nanny mcmber, of our orgniLltion seem to realize

-his.
You will, I hope, continue this good work ond if you do, I F:m

sure you gill ftnd not only ,

rewb.rd, but much happiness in the

--k itself.
Sincerely yours,

Benjamin Strong
Governor.

4r. Oscar Wearst,
Federhl Reserve Bsnk of Nei., York,
New Yrk, N. Y.