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A GUIDE TO THE STRONG PAPERS, 1911-1929

Descriptive Summary
Creator

Benjamin Strong, Jr.

Title

Papers of Benjamin Strong, Jr.

Extent

17 linear feet (34 document cases)

Repository

Federal Reserve Bank of New York Archives

Location

D-Level Archives Vault (preservation and use copies)

Administrative Information
Processed

Originally processed in 1970; new accessions added in 2004

By

Original finding aid by Evelyn Knowlton (1970); digitized and edited by Joseph
M. Komljenovich (2004); revisions by Lisa Samson (2004)

Access

Federal Reserve staff may view the collection in the Archives reading room;
other researchers may view the collection after completion of an application
process

TABLE OF CONTENTS
PAGE
Introduction

4

Classification

8

Summary of the Files

12

Index to the Summary

96

A GUIDE TO THE STRONG PAPERS, 1911-1929
1. Introduction
This guide to the Strong Papers - now located in the Archivist's Office - is the first part of a much
larger effort that was proposed in 1965 to cover all the Bank's historical papers, that is, those more
than thirty years old. It was proposed then that guides should be prepared not only for the Strong
Papers but also for the Harrison and other papers in the Archivist's Office, the Correspondence Files,
records of the Open Market Investment Committee, and minutes of directors' and executives' meetings
that are kept in the Secretary's Office. 1 It was believed that these guides would assist a researcher in
the location of files containing material bearing upon his particular subject of study.
A researcher who uses this guide to the Strong Papers may raise three questions: What are they? What
were Strong’s intentions concerning these various papers? Have they been kept intact since his death
in October 1928? While this guide answers the first in considerable length, the second and third
questions cannot be answered definitively from available material. It does not appear that Strong had
any consistent purpose in keeping some letters and memoranda in his own office and in sending others
to the Bank's correspondence files. He seems, for example, to have retained many memoranda and
much correspondence – during the months after the outbreak of World War I as well as during the
frequent periods when he was absent from the Bank due to illness or trips abroad – in his own office.
Nearly all his correspondence with Montagu Norman, Governor of the Bank of England, was kept in
his office, as were most cables, both routine and confidential, exchanged with the Bank of England.
He appears to have retained relatively little other correspondence in his office during the fourteen
years, 1914-1928, in which he was Governor of the Federal Reserve Bank of New York. 2
As to the completeness of the Strong Papers, there is considerable uncertainty because the changes
that have occurred in this collection during the past forty years have not been adequately documented.
The first change occurred in accordance with Strong's wish that many of his papers be preserved in a
special Bank collection. In memoranda of 1925 to George L. Harrison 3 (who succeeded him in
November 1928 as Governor) and of August 1928 to his sons, Strong delegated the disposal of his
papers to Harrison, Benjamin Strong, Jr., and his secretary. In the latter memorandum, Strong
directed:
In general, the correspondence material [relating] to the bank's affairs should be left with the
bank, and all other correspondence can be sorted and what is worth keeping can be kept in such
custody as you agree, if it is of any interest to the family. 4
1

The preparation of guides to the Bank's historical papers was proposed in "Notes on Bank Policy and Operating
Procedures on Historical Materials", March 2, 1965, to Mr. George Garvy by S. V. O. Clarke and E. H. Knowlton. In this
memorandum, it was proposed that, as a beginning, the papers mentioned above, that were at least 30 years old, should be
defined as historical and be considered part of the Bank's archives.

2

Some idea of the extensiveness of Strong's papers is apparent in a study of the contents of the present files, the lists which

he kept of his files (now in 320.212), and subsequent changes, which, as noted later, have not been adequately recorded.
3

Strong's memorandum to Harrison, June 20, 1925, was found among the latter's papers at Columbia University, which

were deposited there before Harrison's death.
4
An extract from Strong's memorandum of August 16, 1928 is contained in Benjamin Strong, Jr.'s letter to Dr. Harold M.
Dodds, March 24, 1944, which is in the Bank's Correspondence Files. (A copy of the memorandum is now in the Strong
Papers.)
Classification
Page 4 of 168

Accordingly the Bank was allotted a substantial portion of the material bearing on the Federal Reserve
System. A part of this was placed in a special confidential collection – "Strong Papers" – which
included most of the correspondence and memoranda that Strong had retained in his office during his
years as Governor, and some material on currency reform and the Federal Reserve Act between 1911
and October 1914. Another part was kept for some years by Governor Harrison but was deposited,
before his death, in the Columbia University libraries. This included the voluminous cable books –
messages exchanged in the 1920s with central banks and others – and a few other papers of a highly
confidential nature. 5 The remainder of Strong's papers pertaining to the Federal Reserve System, as
well as material of a personal nature and various papers covering activities before October 1914, was
turned over to Benjamin Strong, Jr. 6
There have been other changes in the composition of the Strong Papers as well. Actually, because of
the paucity of information, it has not been ascertained whether there was a substantial change in the
Bank's holdings of Strong's papers around the time of the munitions industry investigation of the
1930s. 7 It is possible that some papers were removed inasmuch as eight letters, cited as coming from
Strong's personal files, are no longer there and have been found only in the copies which the Bank
made for this investigation. 8 A change in the Strong papers did occur in 1944, when letters written by
Secretary of the Treasury Andrew W. Mellon (and probably by other Government officials) were
removed in accordance with an interpretation of Government regulations restricting the dissemination
of such letters without the permission of the officials involved. 9
All instances of adding to the Strong Papers seem, on the other hand, to have been recorded. These
include the addition of a box of correspondence and memoranda prepared for Governor Strong (19201928) by Carl Snyder, General Statistician, 10 and several items discovered within the Research
Function, such as memoranda from Snyder and W. Randolph Burgess and copies of the directors'

5

While it is impossible to find out just how much Harrison took from the Strong Papers, it is possible from records

concerning Harrison's office files, kept in the Bank’s Correspondence Files, and from an examination of the Harrison
material at Columbia University to ascertain that Harrison acquired Strong's cable books as well as a few confidential
memoranda and some correspondence.
6
The family's acquisition and disposal of some papers are gathered from various memoranda and letters including: Miss
M. C. Parker's memorandum to Mr. Barrow, Jan. 7, 1934, her letter to Benjamin Strong, Jr., Jan. 10, 1934, his reply, Jan.
12, 1934, and another letter, Jan. 17, 1934. This correspondence pertains to Strong's papers of a personal nature and those
before he became the Bank's Governor which were kept in storage in the Bank's vaults. In the summer of 1969 Benjamin
Strong, Jr., told the Archivist that he had taken some of his father's correspondence with men whose names he recognized,
not realizing that this would weaken the Bank's collection.
7

United States Congress, 74th, 2nd Sess., Senate, Special Committee Investigating the Munitions Industry, Hearings on

S.R. 206, Part 25-32. (Washington, 1937)
8
These letters are Strong's to Col. E. M. House, Aug. 14, 1915 and July 7, 1917 (with memorandum); to J. P. Morgan,
Aug. 31, 1916, and Sept. 12, 1916; letters from Morgan, Sept. 7; 1916 and Apr. 23, 1917; Sir Edward H. Holden's to
Strong, July 24, 1915 and the latter's reply, Aug. 13, 1915; on pages 7861, 8446-7, 8448-9, 8447-8, 9559, 7849, and 8117
respectively.
9
Memorandum on “Correspondence of Governor Strong", to Mr. Sproul by W. F. Treiber, April 12, 1944.
10

In a note to C. Dilliston by M. Adams, May 31, 1956, it was stated that Mr. Sproul wanted Snyder's papers incorporated

into Strong's. This was done in 1963.
Classification
Page 5 of 168

resolution in 1928 about Strong's leadership, and of a memorial issue of The Federalist. 11
Recently the return of some papers and the making of copies of others have resulted in a considerable
restoration as well as enrichment of Strong's 1928 files. In the summer of 1969, Benjamin Strong, Jr.,
gave the Archivist two folders of papers and lent her four others from which she could select material
to be copied. These folders held a number of Strong's memoranda and correspondence with about a
hundred people which were once in his files at the Bank, as well as some material which had been
acquired subsequently. Of greatest interest among the latter were several letters, written by Governor
Strong to Walter W. Stewart in the summer of 1928 concerning Governor Norman and the
management of the Bank of England. 12 Consequently, more than 500 items were added to the Strong
Papers. Other additions were made in 1970: copies of the eight letters, already mentioned as missing
from the Bank's files, and two others, also missing, which were reproduced from the munitions
industry investigations. 13 Also added were copies of about 80 items in the Harrison Collection at
Columbia University, about equally divided between Strong's correspondence with Harrison from
1923 to 1928 and Strong's correspondence with others. 14 The resulting collection, which fills four file
drawers, does not have the bulky cable books but probably contains about the same volume of
correspondence and memoranda on banking as in 1928. 15 Further changes have taken place in the
Strong Papers in order to facilitate their use. Originally they were filed according to either persons or
topics, a combination which Robert B. Warren remarked made "the location of papers quite a task.” 16
When uniformity was desired, "persons" was chosen because of the importance of keeping together
all the Norman correspondence, because many topics were often mentioned within a single letter or
memorandum, and in view of Strong's own preference (in 1928) that the Bank's master file should be
arranged by the name of the correspondent, and that file should contain the original of every
letter received from every source and the first copy of every letter sent to that correspondent.

11

These items included sixteen in a folder marked "Governor Strong", which was sent to the Correspondence Files by Mr.

George Garvy and turned over to the Archivist.
12

On July 1 and August 27, 1969 Benjamin Strong, Jr., in response to an inquiry from this Bank, provided papers which

had come originally from his father's files at the Bank as well as some which he had acquired later, such as those mentioned,
which Walter W. Stewart gave him in 1950, and the family's correspondence with foreign government officials about the
bestowal of posthumous honors upon Governor Strong.
13

These two letters, missing from the Bank's files, are Strong's letter to Edward C. Grenfell, May 3, 1916 and to Herman

H. Harjes, February 13, 1916, which are on pages 9586 and 8430-8431 of the munitions industry investigation. When the
Archivist asked Benjamin Strong,, Jr. about the missing letters, he said he did not have them; he had made available all
that he had which had come from his father's files at the Bank.
14

These are copies of items which came originally from Harrison's own files, containing his correspondence with Strong,

and from Strong's files. They are copies of items which could not be located either in the Strong Papers or in the Bank's
Correspondence Files.
15

While it is difficult to estimate the completeness of the Strong Papers, it appears that they now may contain most of the

files, listed alphabetically for 1914-1919 (in 320.212) which had a bearing upon the Federal Reserve System but may lack
very confidential reportings of his discussions with foreign central bankers in the 1920s.
16

Letter to Mr. Sproul from R. B. Warren (undated but marked received August 24, 1944).
Classification
Page 6 of 168

The subject file should be subordinate and dealt with largely by cross references. 17
The Strong Papers have, therefore, been assembled in files or portions of files according to the person
with whom Strong (and in a few cases other Bank officers) corresponded, or according to his manner
of reporting his foreign trips. In each of these files (for about 580 individuals and 9 foreign trips),
letters or memoranda have been arranged chronologically. Where the number of letters was large,
they have been separated into those originated by Strong and those received by him. In a few cases
of voluminous correspondence, there has been a further separation into files for various time periods.
These files have been arranged according to a classification-system specially prepared so that each set
of correspondence would have a separate number. The classification is according to the type of
organization or profession in which the individual was active. 18 (See pages 8-10)
After this physical arrangement of the papers according to classification, other steps have been taken
to aid the researcher. These include the preparation of a brief summary of the important topics in the
files. (See pages 11-86) Where only a few letters to an individual exist, the summary covers their
important content, but where there are many letters, the summary assumes knowledge of problems
prevailing at the time. Each of the topics mentioned in the summary, the name of the correspondent
and of his institution has been included in the index. (See pages 87-161) This guide may prove
adequate for these particular papers. But what about Strong's other papers? Many are located in the
Bank's Correspondence Files, arranged according to another classification system and containing a
diversity of types of material which makes laborious the search for important letters or cables. Some
letters may be in the files of various correspondents or in special collections or destroyed. However,
despite the failure to have all of Governor Strong's key correspondence in one place, the researcher
may find, as many already have, that the Strong Papers are a rich source of information on the
development of the Federal Reserve System and of central bank cooperation between 1914 and 1928.
The many tributes at the time of Strong's death indicate his devotion to both: Edmund Platt, ViceGovernor of the Federal 'Reserve Board, stated that Strong "was the outstanding personality of the
Federal Reserve System, a man of great force of character, of highest ideals, unsparing of himself in
his devotion to duty," and went on to indicate his large role in the development of the Federal Reserve
System and in the postwar "reconstruction of monetary systems" in Europe. 19
Effective July 2007, additional Benjamin Strong material has been added to the collection.
Correspondence has been added to the appropriate series, and other materials, like Estate Papers,
Addresses and Photographs, have been appended to the collection as series 1500-2000 in the
classification schema. (MRV)

17

Strong's draft of a memorandum on organization, August 17, 1928, in the Harrison Papers at Columbia University. (A

copy is now in the Strong Papers)
18

In the case of a few individuals, who held more than one important position during this period, the correspondence is in

more than one file. Examples of this division include Carter Glass, S. Parker Gilbert, Pierre Jay, and Russell C.
Leffingwell.
Memorial issue of The Federalist, pp. 10-11 in Strong file 320.116.

19

Classification
Page 7 of 168

2. Classification of the Strong Papers
000

The United States

010
011
012
013
014
015
016

President of the United States
Department of State
Treasury Department
Commerce Department
War Department
Navy Department
Post Office Department

020

Congress

021
022

Senate
House of Representatives

040

Possessions

050

States

051

New York

100-400

Federal Reserve System

120

Federal Advisory Council

200

Federal Reserve Board

210
211
212
213

Governor
Vice Governor
Other Members
Staff

300-400

Federal Reserve Banks

310

Boston

320

New York

320.11

Chairman and Federal Reserve Agent
Classification
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320.12
320.15

Other Directors
Secretary

320.21
Governor
320-22-320.23 Deputy Governor
320.24
Assistant Federal Reserve Agent
320.32
Auditing Department
320.33
Accounting Department
320.34
Transit and Collections Department
320.35
Foreign Department
320.38
Securities Department
320.42
Law Department
320.45
Reports Department
320.50
Buffalo Branch
330
340
350
360
370
389
390
400
410
420

Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco

500
550

National Banks
Other Banks

600

Other Companies, Associations, and Individuals

610
620
630
640
650
660
670
680
690

Banking, Brokerage, Commercial Paper, Cotton Factor, and Insurance Companies.
Associations
Other Business Companies
Lawyers
Professors and Other Academic Officials
Publishers
Research Organizations
Other Organizations
Miscellaneous

797

Reparations

1000

Foreign Countries

1010
1011
1012
1015

League of Nations
Registration Commission
Agent General for German Reparation Payments and Others under the Dawes Plan
International Labour Organization
Classification
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1100

Europe

1110

Great Britain

1111
1112
1115-1117

Government Officials
Bankers and Others
Bank of England

1120

France

1121
1122
1125

Government Officials
Bankers and Others
Bank of France

1130
1135

Germany, Government Officials and Others
Reichsbank

1140
1150
1160
1170
1180
1190

Italy
Netherlands
Belgium
Switzerland
Poland
Montenegro

1200

Canada and Latin America

1210
1230

Canada
Argentina

1300

Asia

1330

Japan

1400

Australia and New Zealand

1410

Australia

1500

Benjamin Strong’s Addresses

1600

Correspondence Files by Subject: Reparation Commission, Gold Fund Committee,
Gold Discount Bank, Honors Bestowed on Strong

1700

Incoming/Outgoing Correspondence and Cables

1800

Photographs

1900

Estate Papers

Classification
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2000

History and Use of Strong Papers (Archivists’ Files)

Classification
Page 11 of 168

3. Summary of the Files
010.0 President of the United States, two files, 1915-1923 20
1. President: 21
a) Wilson, Woodrow, introducing Strong to the Ambassador in France (William G. Sharp)
and on peace efforts in 1916; on son, Benjamin, Jr., being mobilized, need for legislation
to enable volunteers to become officers, request to see Wilson, taking part in the Liberty
Loan Committee's program at Carnegie Hall (at which Lord Reading was to speak),
Liberty Loans, taxes, and the role of the New York money market in maintaining stable
conditions in 1917; taking part in the Liberty Loan Committee's program at the
Metropolitan Opera House, the government's fiscal problems, fighting in France (in a
copy of a message from General P. C. March to Wilson), working with McAdoo, and
appointing Leffingwell to succeed McAdoo as Secretary of the Treasury in 1918. (Some
of the correspondence was with Wilson's secretary, J. P. Tumulty.)
b) Harding, Warren G., on the Conference on Unemployment and Strong's participation in
1921; the amendment to the Federal Reserve Act to add a member to the Board and to
limit the construction of building by Banks in 1922.
c) Coolidge, Calvin, on membership in the Harding Memorial Association in 1923.
2. Special Assistants to the President:
a) House, Colonel E. M., on a meeting to discuss sterling exchange problems, gold imports,
and supplies and credits to the Allies in Aug. 1915; on a meeting (covered in a long
memorandum) on the British government's repayment of loans arranged by J. P. Morgan
& Co., advances to the Allies, Liberty Loans, and other fiscal and war problems in July
1917; war service of A. Monell of International Nickel Co., and Liberty Loan program
in 1917.
b) Welliver, Judson C., on inflation in 1923 (correspondence with C. Snyder).
011.1 State Department, two files, 1914-1925:
1. Secretary of State:
a) Bryan, William Jennings, on aid to American travelers abroad and stabilization of
exchange rates by a Committee of New York Bankers (of which Strong was chairman)
through gold shipments and banking credits in 1914.
20

Unless indicated otherwise, the first of two files contains letters sent by Strong and the second, those received.

21

Where there is a definite succession of officials, the files or portions thereof are arranged chronologically; otherwise,

they are arranged alphabetically.
Folder Descriptions
Page 12 of 168

b) Lansing, Robert, on providing a passport and introductions to diplomatic and consular
officials in Great Britain and France in. 1916; purchasing German gold in 1919.
(Included are Strong's American and French passports, with the French annex, of 1916.)
c) Hughes, Charles E., on P. Jay's trip to observe Austrian conditions (while Norman and
Addis visited the United States) and introducing E. Fukai, Japanese delegate to the
Conference on the Limitation of Armaments, in 1921; the Bank of Japan's withdrawal of
foreign balances because of an unfavorable balance of trade, the Japanese gold embargo
and gold and foreign exchange policy, Hoover's memorandum on foreign loans and
American government policy on such loans, and an international business conference as
proposed by I. T. Bush of the Chamber of Commerce in 1922; and Japanese economic
conditions in 1924.
2. Others in the State Department in the United States:
a) Adee, Alvey A., on whether Strong was a government official and ineligible to receive
the Montenegrin honor in 1919.
b) Carr, Wilbur J., on arranging meeting of J. P. Day with Bryan and gold shipments abroad
to aid American travelers by a Committee of New York Bankers (with extracts of
telegrams exchanged with McAdoo and the latter's and Bryan's cables to American
embassies on this gold, banking credits and exchange stabilization efforts), in 1914;
introductions to ambassadors and trip arrangements for Strong and his secretary, H. D.
Burrell, in 1916.
c) Fletcher, Henry P., on trip arrangements in 1919.
d) Grew, Joseph G., on including Strong's letter to S. P. Gilbert in the embassy pouch to
Germany in 1925.
e) Phillips, William, on a note to W. H. Page in 1916; enclosing a letter to Basil Miles, on
C. Huse's book on purchasing supplies in Europe for the Confederacy, French sentiment
toward the United states as gathered during trip of 1916, and W. P. G. Harding's handling
international matters for the Federal Reserve System in 1917.
f) Polk, Frank L., 22 (in France in August and September 1919) on arrangements for Strong's
trip, accompanied by F. I. Kent and H. Vaughan as secretary, introductions to diplomatic
and consular officials, and purchasing German gold in 1919; and requesting a passport
in 1920.
g) Winslow, Lanier L., on arrangements for trip with H. Vaughan as secretary in 1919.
22

Strong's messages on foreign conditions to Polk during the trip of 1919 are in the Trip File. This is true also for those

to Leffingwell in 1919 and for Mellon and Winston in 1925 and 1926, as well as to officers at the New York Bank during
all trips, W. P. G. Harding in the case of the trip of 1920, and W. W. Stewart in 1925.
Folder Descriptions
Page 13 of 168

011.2 Members of the State Department in Europe, 23 one file, 1914-1927:
a) Armour, Norman, in Belgium, on shipping German gold to the Bank of France in 1919.
b) Davis, John W., in Great Britain, on purchasing German gold and sending messages to
Leffingwell in 1919; and forwarding message to Strong in 1920.
c) Gerard, James W., in Germany, on gold shipments and credit to aid American travelers
and to pay embassy expenses in Washington and Berlin in 1914.
d) Gunther, F. M., in the Netherlands, on trip arrangements and need for a central bankers'
meeting in 1919 (with a copy of C.E. ter Meulen's letter on such a meeting and reporting
a conversation with Vissering).
e) Harrison, Leland, in France, on Strong's possible trip to Constantinople in 1919.
f) Houghton, Alanson B., in Great Britain, about setting up the Lindbergh Aviation
Foundation in 1927.
g) Kellogg, Frank B., in Great Britain, introducing P. Jay in 1924.
h) Page, Walter H., in Great Britain, on Strong's trip in 1916, to see about an agreement with
the Bank of' England, amendments to the Federal Reserve Act, the "Sussex" sinking, talk
on the war with Phillips and Polk, Strong's health, neutrality, and introducing Walker of
the Manchester Guardian in 1916; introducing C. A. Johnson, Strong's health, war effort,
Liberty Loans, and Lord Reading's trip to the United States in 1917; and introducing John
T. Pratt in 1918.
i) Sterling, Frederick, in France in 1919 and Great Britain in 1924-25, on travel
arrangements in 1919; introducing P. Jay in 1924; and on Churchill-Caillaux debt
agreement discussions (with a summary of' the discussions) in 1925.
j) Wallace, Hugh C., in France, on sending messages to the United States in 1919; and
entertaining Strong in 1920.
012.1 McAdoo, William G., Secretary of the Treasury (and in 1919 a partner in the law firm,
McAdoo, Cotton and Franklin), two files, 1914-1919, on actions of the Committee of New
York Bankers (with minutes of three meetings in August) to provide gold shipments to Europe
and banking credits to aid American travelers (and also to stabilize exchange rates); on the
Gold Fund Committee – of J. B. Forgan, T. P. Beal, L. L. Rue, B. Strong, and S. Wexler – and
its New York subcommittee, which in September reported its efforts to establish a Gold Fund
to provide means of settling international obligations (and to stabilize exchange rates and
maintain the gold standard in the United States); on contributing to the Cotton Loan Fund to
aid cotton growers; and discussions with British Treasury representatives – G. Paish and B.
23

Some letters were signed by staff members who are not mentioned here.
Folder Descriptions
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Blackett – on financial conditions in the two countries in 1914. There was correspondence on
credits to belligerents in 1915; Strong's health, a budget system for the United states as in Great
Britain in 1916-1917; earmarking gold under agreements with the Bank of England and the
Bank of France in 1917; McAdoo's health in 1918; and handling Liberty and Victory Loans in
1917-1919.
012.2 Glass, Carter, Secretary of the Treasury, one file, 1919-1920, on the National Budget
Committee; Liberty Loan Committee (with copy of Glass' letter to G. Emerson on the
Committee's dinner); Pan American Financial Conference, with a meeting devoted to budget
and fiscal systems; Strong's health; and differences on Federal Reserve System (with some
exchanges with Glass' assistant, G. R. Cooksey).
012.3 Mellon, Andrew W., Secretary of the Treasury, two files, 1921-1927. 24 One file contains three
of Mellon's letters to Strong, acknowledging congratulations in 1921, agreeing that the
Treasury should be run on business principles in 1922, and thanking Strong for his letter on
Roy A. Young in 1927.
The other file contains 13 letters and 3 memoranda. Strong congratulated Mellon on becoming
Secretary, suggested various others for the Treasury, as D. W. Morrow, H. P. Hallowell, John
T. Pratt, G. Woodruff, Col. E. Clifford, and H. B. Franklin, introduced E. Fukai, and arranged
entertaining of Norman and Addis in 1921. Strong commented on Mellon's stand on political
appointments in 1922 and on President Coolidge's veto of the tax reduction bill in 1924. He
thanked Mellon for his picture, passed on comment (by Addis) about Gilbert's progress in
Berlin, and reported on the Belgian stabilization plan and funding of debt to the United States,
with a proposed trip by Hautain, Van de Vyvere, and Van Zeeland in 1925. He wrote of
proposing W. W. Ward as a member of the Metropolitan Club in Washington, and of a trip to
Europe (with G. Winston to Italy). Jay reported the expenses of testifying before the Royal
Commission on Indian Currency and Finance; Harrison wrote of his conversations with Mellon
on Strong's work on Belgian stabilization plans, and Strong proposed Burgess as a successor
to Jay as Agent (with a resume of his qualifications) in 1926. Strong listed Royal A. Young's
qualifications to be governor of the Federal Reserve Board in 1927.
012.4 Leffingwell, Russell C., Assistant Secretary of the Treasury, two files, 1918-1920, on
American postwar conditions, including interest and discount rates, inflation, war debts, and
war bonds, gold shipments to Spain, and Indian currency difficulties.
012.5 Gilbert, S. Parker, Assistant and then Under Secretary of the Treasury, two files, 1921-1923,
on foreign loans by Americans, questionnaire of the League of Nations, war debts, aid to
Austria, Norman's and Addis ' visit in 1921; position for Van Zandt, introducing O. B. Pollak
of the Weiner Bank-Verein, resignation of the British Cabinet, delay in debt funding
negotiations, French views on Germany's capacity to pay reparations, American views on
foreign capacity to pay debts, and methods of British debt payment, with a copy of Mellon's
letter to President Harding on member bank borrowings in 1922; on open market operations,
and funding of the British war debt to the United States in 1923.

24

As noted in the introduction, it appears that Mellon's letters to Strong were removed in 1944 in accordance with the

Bank's understanding of restrictions upon correspondence of high government officials. The three here came from
Benjamin Strong, Jr., in 1969.
Folder Descriptions
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012.6 Winston, Garrard, Under Secretary of the Treasury (and in 1927 a member of Shearman and
Sterling), two files, 1923-1927, of exchange of views on international and domestic problems;
such as open market operations, price levels, gold reserves, war debts, and debt funding. In
1924 Strong arranged a visit to Washington with O. D. Young to see Mellon and Winston on
the Dawes Plan, and Winston sent a copy of D. C. Wills' letter to Mellon on renting part of the
Cleveland Bank's building, with a copy of Mellon's letter to Ambassador E. Howard on British
debt payments. In 1925 there was material on the La Follette program, loans to Germany,
loans on gold to the Czech Finance Ministry, meeting Schacht aboard ship on his trip to the
United States, and on the visits of the Belgians, F. Hankar, A. Van de Vyvere, and P. Van
Zeeland, on the Belgian war debt, as well as Strong's introductions for Winston to European
bankers, Addis, Farrar, Grenfell, Kindersley, and McKenna of Great Britain, and Masson,
Robineau, and J. Simon of France. In 1926 there was correspondence on Strong's and others'
testifying before the Royal Commission on Indian Currency and Finance against a gold
standard for India (with a copy of Mellon's letter to Crissinger on this inquiry), the Polish
stabilization program, Norman's views on these programs, the Italian debt settlement (with
excerpt from F. Sterling's letter on G. Volpi and a copy of Mellon's letter to President Coolidge,
in which the problems of war debts, reparations, foreign loans and British return to the gold
standard were also covered), Winston's foreign trip (with his views on the French debt
settlement and W. Churchill's on British debt funding), and a copy of Mellon's letter to
Congressmen Haugen, Dickinson, and Anthony (sent to F. W. Peabody) on agricultural
problems, the Federal Farm Board and bill to fix prices. In 1927 the correspondence pertained
to the Cuban Branch and. Winston's leaving the Treasury (with copies of Coolidge's and
Mellon's letters of appreciation of Winston's services).
012.7 Others in the Treasury Department (of whom, Davis, Ginn, Shaw, and Welsh served with the
American Commission to Negotiate Peace), one file, 1916-1920:
a) Davis, Norman H., on Strong's trip and introducing J. Avenol and A. Celier, in 1919.
b) Fluhrer, M., on taking fur coat to Europe in 1916.
c) Ginn, L. R., on purchasing German gold in Belgium and the Netherlands in 1919.
d) Kelley, N., on advances to the British Treasury so the latter could purchase American silver
to send to India under the Pittman Act (with copy of B. Blackett's letter and draft of agreement
for payments to the United States) in 1919 and 1920.
e) Malone, D. F., on taking fur coat to Europe in 1916.
f) Rowe, L. S., on arrangements for trip with Vaughan in 1919.
g) Shaw, Thomas, on travel arrangements and German gold shipments in 1919.
h) Welsh, C. B., on sending cables from Paris to Treasury Department in 1919.
012.8 Others in the Treasury Department, one file, 1921-1928:

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a) Crissinger, Daniel R., (Comptroller of the Currency, 1921-1923), introducing E. Fukai in
1921.
b) Dewey, Charles S., (in November 1927 financial advisor to the Polish government and a
director of Bank Polski), on considering the position as advisor in 1927; and Strong's health
preventing him from visiting Poland in 1928.
c) Etting, Philip, on meeting Schacht aboard ship in 1925.
d) Grant, R. J., on Hamilton medals in 1925.
e) Mills, Ogden, on refunding Liberty Loan in 1928.
f) Stuart, H. C., on boarding ship to meet Strong's sons (Benjamin and Philip) in 1921 and
Norman in 1922.
g) Wadsworth, Eliot, introducing E. Fukai in 1921; sending copy of Lansburgh's article on a
conference of central banks in 1922; on Strong's health, conferences and discussions in Paris
and London on financial matters, in particular, on arranging an Austrian loan, British debt
funding, payments for the United States Army of Occupation, reparation payments
problems, and occupation of the Ruhr, and commenting on several Americans and
Europeans, including J. A. Logan, Jr., B. Miles, J. H. Case, A. C. Miller, W. P. G. Harding,
Sir Robert Horne, Stanley Baldwin, M. Norman, C. de Lasteyrie, and L. Loucheur, in 1923
(with a copy of Wadsworth's Harvard University Commencement Speech on European
conditions).
h) R-- , Daniel (illegible), Commissioner of Treasury Department, Washington, December 15,
1919, response to letter Strong sent to Leffingwell.
i) Walburn, --- (illegible), Assistant Secretary, Treasury Department, Washington. Letter dated
February 12, 1916 regarding power of Secretary of Treasury to borrow money.
012.9 Members and Staff of the Liberty Loan Committee in the Second District, of the Treasury
Department, one file, 1917-1919:
a) Brown, John B., on providing information in 1917.
b) Grey, E. C., on Liberty Loan Committee's expenses.
c) Pritchard, C. F., on his contributions to the Liberty Loan Organization and its disbanding in
1919.
d) Van Namee, G. R., on Metropolitan Opera House meeting.
e) Miscellaneous materials, including rules and regulations for workers, list of pictures of
members, table arrangements for the dinner in honor of Strong and others, and a booklet on
the Committee's work for this dinner in 1919.
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013.1 Hoover, Herbert, Secretary of Commerce in 1921 (previously head of the United States Food
Administration, American Relief Administration, and Director General of Relief, the Supreme
Economic Council), one file, 1917-1923, on European food problems in 1917; payments of
German gold for food, data on French needs by J. Avenol and J. Monnet, and on Italian, by P.
Fenoglio, in 1919; European reconstruction, aid to Austria, currency reform, unemployment,
Conference on Unemployment and introducing E. Fukai to Hoover in 1921; unemployment,
policy on foreign loans, exchange fluctuations (with quotation from John Sherman, former
Secretary of the Treasury), currency reform, war debts, and coal stocks (with copy of letter on
foreign loans by Hoover to C. E. Hughes and one by W. G. Harding to Hoover on
unemployment), and on Hoover's attending a meeting on the railroad strike with New York
bankers, C. Peabody, E. R. Stettinius, T. Cochran, J. E. Reynolds, C. E. Mitchell, C. H. Sabin,
F. Strauss, G. W. Davison, J. J. Pulleyn, M. L. Schiff, J. S. Alexander, P. Jay, and Strong in
1922; and a study of the balance of international payments (with a letter by G. M. Jones) in
1923.
013.2 Hunt, E. E., Secretary of the Conference on Unemployment, Commerce Department, one file
1921-1923, on material for Conference (with part of report of the Economic Advisory
Committee and list of members, and report on present emergency measures) in 1921; possible
legislation for public works during a depression (Kenyon Bill) in 1922; and publishing report
on causes of unemployment by the National Bureau of Economic Research and copy of Hunt's
address on stabilizing employment in 1923.
013.3 Committee of the Conference on Unemployment, two file, 1921-1922:
1. Woods, Arthur, of the Committee on Civic and Emergency Measures, giving reports on
conditions in many areas and suggestions to relieve unemployment.
2. Mallery, O. T., of the Public Works Committee, on legislation to relieve unemployment in
future depressions (with a copy of letter to L. P. Ayres on the Kenyon Bill).
014.0 War Department, two files, 1917-1924:
1. Secretary of War and Others:
a) Weeks, John W., Secretary of War, on W. P. G. Harding's reappointment to the Federal
Reserve Board on 1921.
b) Johnson, C. A., with American Relief Clearing House, on renting his Denver house in
1917.
c) Logan, James A., Jr. on American Relief Administration Bulletins and data on European
needs in 1919.
d) McCoy, F. R., on trip to Constantinople, in 1919.
2. Army War College Officers (asking Strong to address the classes on the financial aspects of
the war, army supply programs, and war finance):
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a) Ely, H. E., in 1924
b) McGlachlin, E. F., in 1921-1923.
c) Simonds, G. S., in 1923-1924.
015.0 Daniels, Josephus, Secretary of the Navy, one file, 1914-1915, on shipping gold to aid
American travelers in 1914 and shipping charges in 1915.
016.0 Hays, Will H., Postmaster General, one file, 1921-1922, suggesting men to head the New York
Post Office, as D. P. Kingsley, A. Gilbert, A. E. Marling, John W. Davis, F. L. Polk, and G.
McAneny, commenting on Cabinet members, on Charles G. Dawes' need for a budget system,
hiring Francis Oakey of the New York Bank, 25.John S. Williams' criticism of the Federal
Reserve System, and the tariff bill in 1921; on Strong's health and offer to share his apartment
in 1922.
021.1 Glass, Carter, United States Senator, one file, 1922-1927, on the Federal Reserve System and
W. P. G. Harding's chance of reappointment to the Federal Reserve Board in 1921; state banks
joining the System in 1923; an introduction to Norman in 1925; Willis' and Glass' books on
the System (entitled The Federal Reserve System and An Adventure in Constructive Finance),
R. A. Young's appointment as Governor of the Federal Reserve Board, and management (draft
letter) of Federal Reserve Banks in 1927.
021.2 Other Senators, two files, 1913-1914, largely on the proposed Federal Reserve Act (to establish
Federal Reserve Banks, furnish an elastic currency, afford means of rediscounting commercial
paper, and establish more effective supervision of banking) in conjunction with F. I. Kent of
Bankers Trust Co.:
1. Correspondence:
a) Burton, Theodore E., with criticisms of the proposed Act and a suggested address in
December 1913.
b) Newlands, Francis G., on the Interstate Trade Commission in 1914.
c) O'Gorman, James A., on the proposed Act in 1913.
d) Root, Elihu, with criticisms of the proposed Act, figures on foreign investments in the
United States, balance of payments, and location of gold reserves during the panic of
1907 and in 1913; and on appointments to the Federal Reserve Board in 1914.
2. Miscellaneous Memoranda on the proposed Federal Reserve Act of 1913; including a copy
of H. R. 7837, with Strong's comments on the margins, drafts of substitute bills, and
memoranda, some with Strong's initials and others with Kent's in connection with
25

The Federal Reserve Bank of New York is given also as the New York Bank or the Bank.
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preparation of material for Senator Burton.
021.3 Other Senators, one file, 1921-1926, (in 1921 on the Kenyon Bill to reduce unemployment in
a depression except as noted):
a) Borah, William E., in 1921.
b) Calder, William M., in 1921.
c) Cummins, Albert B., on the National Monetary Association and new Board member
Cunningham in 1923.
d) Hitchcock, Gilbert M., introducing E. Fukai of the Bank of Japan, in 1921.
e) Jones, Andrieus A., in 1921.
f) Kenyon, William S., in 1921.
g) McKellar, Kenneth, in 1921.
h) Phipps, Lawrence C., in 1921.
i) Shortridge, Samuel M., in 1921.
j) Sterling, Thomas, in 1921.
k) Wadsworth, James W., Jr., in 1921; and commenting on conditions in Army buildings in
Texas in 1926.
022.0 Members of the House of Representatives, two files, 1913-1927:
1. One file, 1913-1918, concerned largely with the Federal Reserve Act:
a) Calder, William M., giving views on proposed Act in 1913.
b) Glass, Carter, on meeting in 1915; gold reserves and amendments to the Act in 1916; and
his becoming Secretary of the Treasury in 1918.
c) Patten, Thomas G., on proposed Act in 1913.
2. One file, 1921-1927:
a) Anderson, Sydney, exchanging information on credits for farmers, agricultural prices,
and foreign exchange, with comments on D. Ricardo's, J. Goschen's and G. Cassel's
views, 1922-1925 (with copy of Anderson's address on his Joint Commission of
Agricultural Inquiry in 1922).
b) Luce, Robert, contrasting methods of the Royal Commission on Indian Currency and
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Finance and those of Congress in 1927.
c) McFadden, Louis T., providing an introduction to Norman in 1927.
d) Moore, Allen F., on the Kenyon Bill in 1921.
e) Strong, James G., on his amendment to the Act to regulate prices in 1926.
040.0 Wood, General Leonard, Governor General of the Philippines, (previously in the United States
Army and a candidate in 1920 for the Republican presidential nomination), one file, 19201926, on Strong's trip to Mexico and on war and postwar conditions (in a long memorandum
before the Republican Convention 26) in 1920; on conditions in the Philippines, need for naval
bases, desire for independence, the Jones Law, and the Fairfield Bill in 1925; and providing a
man to help on the Philippine budget (at G. Winston's request) and one for the Philippine
National Bank in 1926.
051.0 New York Officials, two files, 1911-1916:
1. One file, 1911-1914, on proposed changes in the state banking law, including that pertaining
to reserves and trust companies:
a) Cheney, O. H., Superintendent of the Branch Office of the Banking Department, New
York City, in 1911.
b) Dix, John A., Governor, in 1911.
c) Rorebeck, E. F., Secretary of the Commission to Revise the Banking Law (of which A.
B. Hepburn was chairman and W. E. McHarg, acting secretary) in 1913-1914.
d) Van Tuyl, G. C., Jr., Superintendent of the Banking Department, sending copy of letter
to E. G. Merrill in 1914.
2. One file_1916, pertaining to Strong's birth certificate:
a) Dart, F. R., Registrar, Vital Statistics, Beacon, New York, in 1916.
b) City Clerk, Fishkill-on-the-Hudson, New York, in 1916.
c) Wilber, Cressy, Bureau of Vital Statistics, Albany, New York, in 1916.
120.0 Warburg, Paul M., Member of the Federal Advisory Council from the Second District, 19211925 (and chairman of the board of directors of the International Acceptance Bank, 19201932), concerned largely with the Federal Reserve System and developing an American
acceptance market, two files, 1918-1928.

26

This memorandum was similar to that sent to Mrs. John T. Pratt, who was active in the Republican National Committee;
both indicate concern over Republican policies.
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The two men corresponded on Warburg's failure to be reappointed to the Federal Reserve
Board and on the proposed Foreign Exchange Federal Reserve Bank (with a 92 page criticism
of Senator Owen's Committee's hearings on establishing such a bank) in 1918; on the national
budget, railroad problems, and the Gold Clearance Fund (with a copy of Warburg's speech), in
1919; Warbug' s annual report to the American Acceptance Council, attending the Pan
American Financial Conference, discount rates, and Leffingwell's becoming Secretary of the
Treasury in 1920.
During the five years that Warburg served on the Federal Advisory Council, he sent strong
copies of a few of the Council's recommendations as well as continued to comment on many
problems. The two corresponded on W. Catchings' Stable Money League, the German
problem (with Max Warburg's comments on the effects of war and postwar policies), and
relations with the New York Clearing House Association in 1922; the new Board members,
Cuban agency (with copies of letters to S. P. Gilbert and W. P. G. Harding), Willis' book, the
Federal Reserve System, and acceptances (with copies of letters exchanged with G. Winston)
in 1923; relief to German children, the Gold Discount Bank, the gold standard for Germany
(with copy of letter to O. D. Young), role in the international money market (copy of A. C.
Miller's letter), Dawes Committee Report, and German banking (copy of Schacht's letter), in
1924; the International Acceptance Bank's annual report (with copy of report), and on the Gold
Discount Bank, German borrowing, program for Schacht's visit to the United States, and
rediscounting of German drafts (copy of Schacht's letter during period that both Warburg and
Strong were abroad) in 1925.
Later the two corresponded about Glass' book, An Adventure in Constructive Finance, and
Warburg's own contribution to sound banking, in 1926; on the Strong Bill and the Gold
Clearance Fund in 1927; and Strong's return from his European trip in 1928.
210.1 Hamlin, Charles S., Governor, 1914-1916, and Member, 1914-1936, of the Federal Reserve
Board, two files, 1914-1926, which cover mainly the problems of international payments,
stabilization of exchange rates, and maintenance of the gold standard in the United States at
the outbreak of war in Europe in August 1914.
To deal with these problems were three committees set up in the second half of 1914: a
Committee of New York Bankers 27 (headed by Strong), a Gold Fund Committee 28, (composed
of J. B. Forgan, chairman, T. P. Beal, L. L. Rue, B. Strong, and S. Wexler), and a Cotton Loan
Committee (headed by Harding). A State Department proposal for the use of the consular
service (submitted to Hamlin by W. B. Fleming and G. L. Brist) was followed by that of the
Gold Fund Committee. Strong prepared a draft letter late in October and a final letter of this
committee in November to Hamlin and Warburg, as well as another to George Paish and Basil
Blackett, British Treasury representatives, with memoranda on the financial situation in the
two countries and methods utilized to provide aid to Americans abroad, pay the New York
City debt, finance the cotton crop, and settle other American obligations by issuing emergency
currency in the United States, establishing a British payments moratorium, providing gold and
credits, and proposing a 20 million sterling credit.

27

28

Also called Bankers Committee of New York
Also called Committee of U. S. Clearing House Banks

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The two men corresponded also in 1914 on hiring Lawrence Tweedy; on Labor's National
Peace Council in 1915; Strong's illness in 1916; an agreement with the Bank of England (with
copies of memoranda of conversations with the Governors of the Bank of England and of
agreement submitted to the Federal Reserve Board) in 1916 and 1917; the Board's statement
on this agreement (which Strong protested) in 1917; Harding's book on the Federal Reserve
System in 1919; and relations with the Board in 1926.
210.2 Harding, W. P. G., Governor, 1916-1922, and Member of the Federal Reserve Board, 19141922, two files, 1914-1916, on the British moratorium, aid to American travelers, and
contributing to and making loans from the Cotton Loan Fund in 1914; proposed amendments
to the Act, including that for the retirement of United States notes, Strong's health, Agent's
monthly reports, foreign acceptance credits and loans (with correspondence with J. E. Gardin
of National City Bank), and controversy over the Board's announcement of an agreement with
the Bank of England (with memorandum on conversation of Treman and Harding) in 1916.
210.3 Harding, W. P. G., two files, 1917-1925, on Board's announcement of agreement with the Bank
of England, relations with other foreign central banks, amendments to the Act, Liberty Loans,
and Jay's ability and salary in 1917; land for Bank's new building in 1918; Strong's leave of
absence for a year, in 1919; selection of Board's vice governor, foreign exchange rates, (memo
– for Harding), in 1920; special cash fund for employees, Harding's possible new position,
salaries, Richmond Bank's new building, comment on American conditions to Strong in Java,
introducing E. Fukai, and Jay's trip to Europe in 1921; Strong's possible attendance at a central
banks' meeting and Harding's renomination in 1922.
210.4 Crissinger, Daniel R., Governor and Member of the Federal Reserve Board, 1923-1927, two
files, 1923-1926, on reorganization of operations of the Open Market Investment Committee;
Cuban agencies, membership in the System in 1923; Harding Memorial Association in 1923
and 1924; determining member banks' reserves, the Dawes Plan and Loan (with Jay's letter
from Europe commenting on performances of O. D. Young and Schacht) in 1924; credit to the
Bank of England and to the Bank of Poland, Bank examination, Bank expenses, salary
increases, and entertaining during Schacht's visit in 1925; reporting Strong's meetings with
Bank of France officials on stabilization plans (by Harrison), on credit to the National Bank of
Belgium, and discount rates in 1926.
210.5 Young, Roy A., Governor and Member of the Federal Reserve Board, 1927-1930, one file,
1928, on the money market, gold movements, and credit situation in 1928.
211.1 Delano, Frederic A., Vice-Governor, 1914-1916 and Member of the Federal Reserve Board,
1914-1918, two files, 1915-1917, on acceptances, foreign credits, and Delano's address on the
Act in 1915 (copy included); check collection and clearing, Strong's health, French credits,
preparing the Bank of England agreement, gold reserves, new Board officers, amendments to
the Act, foreign debts, government regulation of railroads (with a letter and a pamphlet from
F. G. Newlands), and a letter to President Eliot of Harvard University about presidential
candidates (including copy) in 1916; Warburg's patriotism, the Board's announcement of an
agreement with the Bank of England, foreign credits and loans, relations between the Board
and the Banks, check collection and clearing (with correspondence with G. Jones of the United
States National Bank of Denver) in 1917

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211.2 Warburg, Paul M., Vice-Governor, 1916-1918, and Member of the Federal Reserve Board,
1914-1918, (previously a partner in Kuhn, Loeb & Co.), two files, 1912-1915, on proposed
legislation in 1912-1913, (with copy of Warburg's article on Federal Reserve Act); selection
of Governor, Federal Reserve Agent, and directors in New York and elsewhere, need for the
Gold Fund and Cotton Loan Fund, report to Paish of the Gold Fund Committee, balance of
trade, and criticizing H. P. Willis in 1914; acceptance business, gold reserves in 1914 as
compared to those during the panic of 1907, continuing the Gold Fund Committee, reserves
for Federal Reserve notes, clearing problems, foreign credits, foreign agencies of the System
(with copy of Warburg's letter to the Board), the Bank of England's operations (with copy of
Warburg's and F. Schuster's letter) in 1915, together with many invitations to visit the
Warburgs in Washington.
211.3 Warburg, Paul M., two files, 1916, of extensive correspondence between the two except when
Strong was abroad early in the year, on numerous problems of the Federal Reserve System and
of credits and loans to the Allies. Among the topics were acceptances, preparing agreement
with the Bank of England, French credits, loans to the British Government, Aiken for deputy
governor of the Bank, Jay's ability, amendments to the Act, Clayton Act, and Belgian
emergency currency. Warburg provided 9 introductions for Strong to men in London and
Amsterdam.
211.4 Warburg, Paul M., two files, 1917 - Aug. 1918, of extensive correspondence through early
May 1917, many fewer and briefer letters thereafter when Strong was back in New York again.
They corresponded about the Board's announcement of the Bank of England agreement, the
advisability of other agreements with foreign banks, such as Banco de la Nacion Argentina;
Strong's trip abroad in 1916, credits and loans to foreign governments, amendments to the Act,
gold reserves, and Aiken for deputy governor of the Bank. Warburg sent copies of his
correspondence with R. H. Ickelheimer on acceptances, and with the president of Banco de la
Nacion Argentina, of his address on government and business, and of his memorandum on the
International Finance and War Industries Corporation in 1917. There was more about
agreements with foreign central banks in 1918, with the correspondence ending with Warburg's
retirement from the Board.
211.5 Other Vice-Governors of the Federal Reserve Board, one file, 1919-1927:
a) Strauss, Albert, Vice-Governor and Member, 1918-1920, on trip arrangements for Strong in
1919.
b) Platt, Edmund, Vice-Governor and Member, 1920-1930, on war debts (with copy of Platt's
speech) in 1922; Strong's leave of absence (to J. H. Case) and possible credit to the Swiss
National Bank in 1923; Strong's talks in France (Harrison's memo on his informing the
Board) in 1926; and possible new Board member to fill vacancy in 1927.
212.1 Miller, Adolph C., Member of the Federal Reserve Board, 1914-1936, two files, 1915-1924,
on Miller's addresses on the Federal Reserve System and Federal Reserve notes and gold
reserves in 1916; comments on Miller's address on post war adjustment in 1919; gold imports,
reserves, and reserve ratios, gold policy, credit control and regulation, and discount rates in
1921; foreign exchange rates, discount rates, Hoover's criticism of System management,
proposed central banks' meeting, Strong's speech on the System at Harvard, in 1922; changes
in rates and reserve ratios of Bank of England, reorganization of Open Market Investment
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Committee by the Board, copy of letter of J. R. Bellerby of the International Labour Office on
stabilizing employment, open market operations, and Cuban currency, discount rate advances
in New York and Boston, revision of statement on conditions for Monthly Review, and
Strong's leave of absence in 1923; open market operations, reserve ratios, Committee on
Economy and Efficiency, Stewart's and Jay's trips abroad and Norman's attending the London
Conference in 1924.
213.1 Staff of the Federal Reserve Board, one file, 1914-1927:
a) Willis, Henry Parker, Secretary, 1914-1918, and Director of the Division of Analysis and
Research, 1918-1922, on Willis' book, The Federal Reserve System, Labor's National Peace
Council (with copy of H. R. Fowler's brief), and getting copies of the Federal Reserve
Bulletin in 1915-; Willis' trip to help establish the Philippine National Bank in 1916; its
relationship to the Federal Reserve System in 1916 and 1917 (with a copy of Willis' letter
to J. U. Calkins).
b) Elliott, M. C., Legal Counsel, 1914-1919 (and in 1914 secretary of Reserve Bank
Organization Committee), on replies from Clearing House Associations in 1914.
c) Harrison, George L., Assistant Counsel, 1914-1919, and General Counsel, 1919-1920, on
his new position in 1919 and another in New York in 1920 (as deputy governor).
d) Goldenweiser, E. A., Assistant Statistician, 1919-1924, Assistant Director, 1925-1926,
Acting Director, 1926, and Director, 1927-1945, of Division of Research and Statistics, on
gold imports (with memorandum on) in 1922; and war debts in 1925.
e) Stewart, Walter W., Director, Division of Research and Statistics, 1922-1925, on trip with
Strong, discount rates, and exchange rates, in 1925.
f) Unknown (illegible signature). Letter addressed to “My dear Kinsman” April 2nd 1915 and
marked “Unofficial.”
310.1 Aiken, Alfred L., Governor of the Federal Reserve Bank of Boston, 1914-1917 (and then
president of the National Shawmut Bank), two files, 1914-1922, on Strong's serving as
chairman of the Governors' Conference, check collections and clearing problems, agreements
with foreign central banks, and acceptances in 1916; on trust company membership,
Governors' Conference and Aiken's becoming a deputy governor of the New York Bank (with
copies of letters to Harding, Rhoads, and Warburg), Liberty Loans, and amendments to the Act
in 1917; and Leffingwell's policy on discount rates in 1919. (Their correspondence was
frequent during Strong's illness in 1916 and 1917; it thereafter pertained largely to arranging
meetings with Strong.)
310.2 Other Officers of the Federal Reserve Bank of Boston, one file, 1919-1927:
a) Curtiss, F. H., Chairman and Federal Reserve Agent, 1914-1941, on dinner with European
friends (Addis and Norman) in 1921.
b) Morss, Charles A., Governor, 1918-1922, on national budgetary reform in 1919; purchasing
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bills from dealers, in 1921; and membership in the National Budget Committee in 1921 and
1922.
c) Harding, W. P. G., Governor, 1922-1930, on future job in 1922; participation in foreign
central bank accounts, Clairborne-Adams plan (with copies of letters to Crissinger), and the
McFadden Committee inquiry into Federal Reserve membership in 1923; Harding's book
on the System in 1925; and R. A. Young's becoming Governor of the Federal Reserve Board
in 1927.
320.111
Jay, Pierre, Chairman and Federal Reserve Agent of the Federal Reserve Bank of New
York, 1914-1926, two files, 1914-1916 29 on the System's many problems during its first years,
particularly during Strong's trip abroad in 1916, when Jay cabled and wrote several times on
domestic problems, as check collection and clearing (with the Bank's weekly statement), and
his subsequent illness in 1916 and part of 1917, when they corresponded about preparing
agreements with the Bank of England and the Bank of France, credits for the Allies, Bank
organization (including the selection of deputy governor), changes in the Board's officers,
Strong's resignation because of illness or a leave of absence, Jay's duties, Federal Reserve notes
and application of the Clayton Act.
320.112
Jay, Pierre, two files, 1917, on many of the earlier problems as well as the Board's
announcement of an agreement with the Bank of England, Liberty Loan campaigns, Starek's
resignation as director, settling accounts between Federal Reserve Banks, Bank of England's
rate policy, hiring of R. M. Gidney as Assistant Federal Reserve Agent, Governor Cunliffe's
trip to the United States, and views of the Federal Advisory Council on the Treasury's deposits.
320.113
Jay, Pierre, two files, 1918-1920, covering largely Strong's leave early in 1919, trip to
Europe in the summer of 1919 and leave for 1920 during which he first went to the west and
then around the world, starting in Japan and ending in London. The two men corresponded in
late 1918 and early 1919 on Strong's leave; in the middle of 1919, on relations with foreign
central banks, handling German gold, sale of gold to India, gold reserve percentage, and French
credit (with copies of letters exchanged between W. P. G. Harding and Goldman, Sachs &
Co.); in late 1919 and during 1920 on Strong's extended leave, Case's acting as the Bank’s
head, the Board's position on rate policy, gold reserves, credit control, building plans, AngloFrench loan payment, Addis' visit to the United States, and amendment to the Act. Particularly
valuable was Jay's letter late in 1920, which contained copies of reports on many topics, such
as government security sales, acceptances, reserve ratios, and the discount market (at a time
when it was still doubtful whether control measures would be sufficient to maintain the Banks'
gold reserves and keep the country on the gold standard).
320.114
Jay, Pierre, two files, 1921-1923, covering largely the period of Jay's trip abroad in
1921 and Strong's illness during most of 1923. In 1921 Strong provided many introductions
for Jay, and the latter reported on his meetings with European bankers concerning aid to
Austria, reparations, the British coal strike, and Strong wrote about testifying before the Joint
Commission on Agricultural Inquiry and on Norman's and Addis' visit about central bank aid
29

While as noted previously, Strong's letters and cables during his foreign trips to government and Federal Reserve
officials on foreign conditions are in the trip files, a few bearing on domestic conditions as well as all those sent to him are
in his correspondents' files. There is not, however, always a clear separation between domestic and foreign as a little of the
one may be in a letter concerned largely with the other.
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to Austria. In 1922 Jay wrote about changes in his life insurance policies. In 1923 the two
corresponded about discount rate policy, par collections, aid to Austria, building plans,
reorganization of the Open Market Investment Committee, and open market operations.
320.115
Jay, Pierre, two files, 1924-1926, containing comments on current problems generally
during times when Strong was absent – ill or on trips in 1924, 1925, and 1926 – and also during
Jay's trip abroad in the fall of 1924, when he talked with various officials and bankers. There
were comments on changes in Strong's investments, rate changes, the Pascagoula National
Bank suit, open market operations, the Dawes Plan (with Jay's comments when abroad) in
1924; Bank rechartering, discount rates, credit to the Bank of England, data on war debts, and
the choice of a Bank director in 1925; relations with the Board (Miller in particular), possibility
of new members, talk with Mellon, Gilbert's offer to Case, discount rates, debts, Advisory
Council member Alexander's views on call money, payment to Sprague and Hollander for
services in connection with the Royal Commission on Indian Currency and Finance, money
market (with copies of letters by P. J. Fuller and F. H. Davis on loans to the French
government), open market operations, Jay's resignation to become Deputy Agent General for
Reparation Payments and dinner in his honor, and Strong's preference for Burgess over
McGarrah as Jay's successor as Agent in 1926.
320.116
McGarrah, Gates W., Chairman and Federal Reserve Agent of the Federal Reserve
Bank of New York, 1927-1930 (a director, 1923-1925) one file, 1921-1928, on Liberty Loan
Committee expenses in 1921; reduction in discount rates, open market operations, and gold
imports in July 1924; accepting position as Agent in 1927; and Bank organization, interest
rates, and Bank of America in 1928. After Strong’s death, McGarrah presided at a directors'
meeting on October 18, 1928, where a minute was adopted paying tribute to Strong's
contributions. A copy of this was sent to various institutions and included in an issue of The
Federalist (in which tributes of world leaders were also given).
320.121

Other Directors of the Federal Reserve Bank of New York, one file, 1913-1927 (A-P):

a) Alexander, James S., director, 1920-1922 (and member of the Federal Advisory Council,
1926-1928 and president of the National Bank of Commerce), on his bank's reserves in
1913; Liberty Loan Committee, and Treman's retirement as deputy governor in 1919;
National Budget Committee and Liberty Loan Committee's expenses, and Norman's and
Addis' visit in 1921; United States Grain Growers Sales Co., in 1922 and 1923; and a long
memorandum on the discount rate controversy, including a chronology of events, including
the arrival of the foreign bankers, Rist, Ricard, Norman, and Schacht, meetings with the
Board and the Open Market Committee, and actions of the 12 Banks, in 1927.
b) Locke, Franklin D., director, 1914-1918 (and member of law firm, Rogers, Locke &
Babcock of Buffalo) on Jay's views on acceptances and bank reports, appointment of Sailer
as cashier, and Jay's salary in 1915; Strong's illness, foreign credits and bills in 1916; and
Locke's contribution as director in 1918.
c) Palmer, Leslie R., director, 1914-1921, (and president of the First National Bank, Croton,
New York), on dinner for Norman and Addis in 1921.
d) Peabody, George F., director, 1914-1921, (and Chairman of the New York State Reservation
Commission), on various invitations, including that for dinner for Norman and Addis in
Folder Descriptions
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1921; Strong's illness in 1916; Board's announcement of agreement with the Bank of
England in 1917; and Federal Reserve notes as legal tender in 1919.
320.122

Other Directors of the Federal Reserve Bank of New York, one file, 1914-1928 (R-Y):
a) Reyburn, Samuel W., director, 1925-1930 (and president of Lord Taylor), on his and Jay's
trip to Washington to see Mellon and Board members on Burgess's qualifications for
succeeding Jay as Federal Reserve Agent, in December 1926, and on making McGarrah
Agent in 1927 (with copy of letter to Whitmarsh).
b) Saunders, William L., director, 1917-1926 (and chairman of Ingersoll-Rand Co.) on
dinner for Norman and Addis and unemployment data in 1921.
c) Smith, Charles, director, 1919-1924 (and president of Citizens National Bank of Oneonta,
New York) on dinner for Norman and Addis in 1921.
d) Stone, Charles A., director, 1919-1923 (and president of Stone and Webster and
American International Corp.), on dinner for Norman and Addis in 1921.
e) Towne, H. R., director, 1914-1919 (and chairman of Yale & Towne Manufacturing Co.)
on his firm's London funds in 1915; Strong's illness in 1916; Board's announcement of
an agreement with the Bank of England and Board's correspondence with the Governor,
in 1917; unemployment data and dinner for Norman and Addis in 1921.
f) Whitmarsh, T. F., director, 1924-1932, (and president of Francis H. Leggett & Co.) on
McGarrah as Agent in 1927.
g) Williams, Richard H., director, 1921-1923 (and of Williams & Peters Coal Co.) on dinner
for Norman and Addis in 1921.
h) Woodward, William, director, 1914-1919 (and president of the Hanover National Bank),
on foreign credits, agreement with the Bank of England, and gold reserves in 1916;
relations with the Board and Aiken's becoming deputy governor in 1917; Liberty Loan
Committee expenses in 1921; and position for Van Zandt in 1922.
i) Woolley, Clarence M., director, 1922-1936 (and chairman of American Radiator Co.) on
dinner for General Charles G. Dawes in 1922.
j) Young, Owen D., director, 1923-1940 (and chairman of General Electric Co. and Radio
Corp. of America), on American member of the Reichsbank's council (with copy of
Kinders1ey's cable) in 1924; meeting with Schacht in 1925; selecting McGarrah (not
Burgess) as Agent and the relation of the Agent to the Governor, in 1927 (with letters to
Strong signed by Young, Woolley, and Reyburn and a copy of a statement on choice of
Agent), Strong's review of his hiring as governor in 1914 at Warburg's urging and
subsequent development of the Federal Reserve System, including Board's threat of
control over discount rate in 1914 and its relation with the Banks, and German conditions,
in 1927; on choosing Charles A. Mitchell as Bank director, sending a draft of a long
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memorandum, covering a wide range of problems at the Bank, in the Federal Reserve
System, currency, member banks, and the credit situation, mentioning Bancity and the
Bank of America and the relations between the Board and the Banks as well as central
bank cooperation, submitting his resignation in 1928.
320.151
Curtis, James F., Secretary, 1914-1918, Legal Counsel, 1914-1919, and Deputy
Governor, 1918_1919, of the Federal Reserve Bank of New York (previously a member of the
Treasury Dept. and subsequently a partner in Denison & Curtis, and Curtis, Fosdick &
Belknap), two files, 1913-1916, on the Federal Reserve Act in 1913; becoming the Bank's
secretary in 1914; French credit in 1915; Governors' Conferences, preparing agreements with
the Bank of England and Bank of France, credits for the Allies, Clayton Act, and the Bank's
organization in 1916.
320.152
Curtis, James F., two files, 1917-1928, on Board's announcement of agreement with
the Bank of England and negotiating one with the Bank of France, the Bank's organization,
Liberty Loans and Committees, taxes, National Industrial Peace Conference of 1915, and
Governors' Conferences in 1917; Liberty Loan organization, abolishing the Comptroller's
Office in 1919; and an additional Federal Reserve Board member in 1922.
320.153
Barrows, D. H., Secretary, 1918-1925, of the Federal Reserve Bank of New York, one
file, 1918-1925, sending a copy of a toast to Strong in 1918; on arrangements for Strong's
dinners and trips, 1919-1925, with allocation of particular subjects for correspondence to Bank
officers in 1925.
320.211
Strong, Benjamin, Governor of the Federal Reserve Bank of New York, two files 19151928, of outlines and drafts of addresses and articles:
1) Drafts of 3 addresses and 4 articles, 1915-1918, bearing on the Federal Reserve System, one
of which is the basis for address as given in Interpretations of Federal Reserve Policy in the
Speech and Writings of Benjamin Strong, edited by W. Randolph Burgess, and another for
Strong's introduction to Kemmerer's The ABC of the Federal Reserve System, April 1918.
One was given before the New York State Bankers Association and another at Williams
College.
2) Drafts of 10 addresses and 5 articles, 1918-1928, bearing on Liberty Loan drives, war loans,
the financial situation, prices, American foreign policy and payment of war debts. Five
were utilized for publication in Interpretations and one was printed also in the North
American Review. One article was prepared in August 1918 for publication in Collier's
Weekly. Others were prepared in 1919 for the Daily Princetonian and the New York Times,
the latter mentioning a visit, during his trip in 1919, to soldiers' graves in a French cemetery.
The addresses were given before Liberty Loan Committee meetings, the Bond Club, the
Army War College, and the American Bankers Association.
320.212

Strong, Benjamin, two files, of lists through 1928:

1) Lists of various papers on Strong's investments and in his files, ranging from 1896 to 1920,

Folder Descriptions
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some of which are now in the Strong Papers. 30
a) Personal belongings in Case "A" in the Bank's warehouse, which appear to have been
listed early in 1920.
b) Personal Files, an arrangement which appears to have been set up in 1914 and to cover
earlier materials.
c) Personal Belongings in the Book Vault (from 1903 to end of 1914).
d) Personal Correspondence, 1913-March 1920, (including that with Federal Reserve
officials and central bankers).
e) Personal File, Subject Arrangement (not dated but after World War I).
2) Christmas Cards, Memberships, and Contributions. The names and addresses of members
of his family, friends, and banking associates at home and abroad were listed for sending
cards in 1924 and 1926. Club and association memberships were listed for 1924, 1925, and
1928. Contributions were listed for 1924.
320.213

Strong, Benjamin, one file, 1916-1926, of correspondence with employees:

a) Secretaries:
i) Beyer, George, 31 on surveying Strong's personal papers and other belongings at the Bank in
1919; arrangements for trip around the world in 1919 and 1920; meeting with Hamanoka,
hiring a Japanese guide, K. Nishi, showing Cokayne's and Norman's letters to Jay and Case,
sending a copy to Norman of J. P. Cotton's review of Keynes' book, The Economic
Consequences of the Peace, using an article on the Bank of England (sent by Norman) in
the Federal Reserve Club Magazine, spending a few days in Japan with Vanderlip's party,
sending a letter to W. P. G. Harding and presents from India to Senator Pittman, W. P. G.
Harding, and A. Strauss, and reporting bomb explosion on Wall Street in 1920; on Norman's
visit, Liberty Loan and National Budget Committee expenses, and the Austrian bankers'
visit in 1921; employees' completion of courses and officers' membership in the American
Institute of Banking in 1922; an American Institute of Banking dinner, Stettinius' operation,
Strong's stay in Colorado, and W. K. Vanderbilt's dinner invitation in 1923.
ii) Bleecker, M., on trip in 1926.
iii) Ericson, P., on work in London in 1919.
iv) McLaren, Virginia, on handling Strong's mail (with criticism of the Mail Department) and
30

These lists were probably prepared by George Beyer, in accordance with Strong’s instructions in 1919. (See 320.213.)

31

Extracts were taken from many personal letters to eliminate Strong's personal and family matters and to include only

those of value to the Bank.
Folder Descriptions
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personal expenses in early 1917.
v) Vaughan, H., with letter to L. L. Winslow on passport in 1919.
b) Other Employees: miscellaneous material, including memorandum on gold by H. V. Cann
in 1916, payment to Dr. Belle Thomas, and information by M. H. Robinson on the
Montenegrin honor in 1919; letters to about 40 employees on completion of American
Institute of Banking courses in 1922, and trip arrangements in 1920 and 1925.
320.214
Strong, Benjamin, one file, 1914-1927, of miscellaneous memoranda, as on the United
States Trust Co., receipts and disbursements of the Treasury Department on March 14,
financing cotton sales (with extracts of various letters including those by F. I. Kent in London),
condition of national banks in 1914 and after the panic of 1907, depositing postal savings funds
in member banks of the Federal Reserve System (by A. M. Dockery, Assistant Postmaster
General), September 15, and the Committee of New York Bankers and the Gold Fund
Committee, in 1914; on membership of the Federal Reserve Board and positions in the
Treasury Department, in January and February 1921; a draft of a letter to other Federal Reserve
Governors and a memorandum on setting up the Lindbergh Aviation Foundation in 1927.
320.215
Strong, Benjamin, one file, 1914-1928, of correspondence with members of his family
(with copies or extracts taken of pertinent material):
a) Parents:
i) Strong, Mr. and Mrs. Benjamin, Sr., on the credit situation, resigning from Bankers Trust
Company and becoming president of the Federal Reserve Bank of New York at P. M.
Warburg' s suggestion and with J. P. Morgan's and H. P. Davison's urging in August 1914.
ii) Strong, Mrs. Benjamin, Sr., on health, trip to New York to advance plans of agreement with
the Bank of England and the Bank of France, and Warburg's patriotism in 1917; and an
account of travel in Malaya and living in the tropics during trip around the world in 1920.
b) Brothers:
i) Strong, Dr. Archibald M., on European conditions and brother William's working with
Stettinius in Export Department of J. P. Morgan & Co. to purchase war materials as agents
for the Allies in 1915; and President Wilson's ability to declare war in May 1915 as well as
in April 1917.
ii) Strong, William E. S., on work in the Export Department of J. P. Morgan & Co. in 1917.
c) Children:
i) Strong, Benjamin, Jr., on career and war service, 1915-1927; Archibald's service in Servia
in 1915; trip abroad (sailing with J. P. Morgan and J. F. Harris) and Bank of France's gift of
a medal in 1916; America's entering the war, Liberty Loan Committee's campaigns, and
Lord Reading's and President Wilson's speaking at a Carnegie Hall meeting in 1917;
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McAdoo's resignation in 1918; Glass' and Admiral Sims' speaking at a Liberty Loan meeting
at the Metropolitan Opera House, trip abroad on Bank business and Princeton collection in
1919; Bank work in 1921 and 1922; laying Bank's building cornerstone, views on Norman,
fishing with Hoover, trip abroad (to attend central banks' meeting), Gov. Harding's
reappointment, talk with President Harding, relations between British banks and the Bank
of England, and British debt negotiations in 1922; talks during trip with Mellon and Gilbert
in 1926; and Japanese banking in 1927.
ii) Strong, Benjamin, Jr., and Philip, on the disposal of various items, including correspondence
at the Bank, in August 1928.
320.221
Treman, Robert H., Deputy Governor, 1916-1919, and director, 1914-1929, of the
Federal Reserve Bank of New York (and president of the Thompkins County National Bank),
two files, 1914-1916, which contain frequent exchanges of letters during Strong's absence due
to illness in much of 1916 on many Bank and System problems, including preparation of an
agreement with the Bank of England, need for a permanent deputy governor, gold reserves,
acceptances, and salary increases.
320.222
Treman, Robert H., Deputy Governor, two files, Jan. – Feb. 1917, on many of the
problems of the preceding months as well as on relations with the Board, its direct
correspondence with the governor, and work during trip of 1916 to see about such an
arrangement.
320.223
Treman, Robert H., two files, March-Dec. 1917, of frequent exchanges during Strong's
illness in the first part of the year on many problems, including Jay and Aiken as possible
deputy governors, the Governors' Conference, Cunliffe's visit, and operating under agreement
with the Bank of England.
320.224
Treman, Robert H., two files, 1918-1927, largely during Strong's trip of 1919 and
before Treman's retirement as deputy governor late in 1919, which was marked by a dinner
and a testimonial, on discount rates, reserve ratios, stock market speculation, Leffingwell's
views on rate changes in 1919; introductions to Norman, Vassar-Smith, Masson and Simon for
Treman's European trip in 1921; and Strong's dinner for Schacht in 1925.
320.225
Case, James Herbert, Deputy Governor of the Federal Reserve Bank of New York,
1917-1930, two files, 1915-1921, largely during Strong's trip in 1920, with various reports, as
on discount rates, reserve ratios, critical credit situation (with threats to the Bank's gold
reserves and the gold standard in the United States), money market, imports of former German
gold from London, shipments of silver to India, Bank of Japan agreement, payment of the
Anglo-French loan, earmarking gold at the Bank of France, Addis' visit on the Chinese
consortium, renewing the Belgian credit, Leffingwell's views on discount rates, Strong's trip
to Mexico and then around the world, reading Strong's letter to W. P. G. Harding on India,
hiring Edward Douglas, and Case's offer of a position at Farmers Loan & Trust Co. In 1921
they wrote about Norman's and Addis' visit to the United States.
320.226
Case, James Herbert, two files, 1922-1923, largely during Strong's absence in much of
1923 because of illness. There was concern over the Bank's efficiency and economy and the
National Budget Committee in 1922; over discount rates, price regulations, gold reserves,
reorganization and operations of the Open Market Investment Committee, the Swiss National
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Bank's request for a credit, an advance to the Bank of England to provide aid to Germany, and
participation in accounts with foreign central banks in 1923.
320.227
Case, James Herbert, two files, 1924-1928, largely during Strong's periods of absence
due to illness and trips in 1925, 1926, and 1928, on the Open Market Investment Committee's
meetings and operations, the money market, and discount rates. They also corresponded about
buying sterling bills .and the move into the new Bank building in 1924; on choice of a new
director, credit for the Bank of Poland, earmarking of gold in London and possible gold
exports, and the French war debt (with copy of G. Doriot's views) in 1925; on Case's and Jay's
offers of positions of Deputy Agent General from S. P. Gilbert and tributes by Case and the
directors (with a copy of the directors' minutes) on Jay's leaving the Bank in 1926; on loan and
balance of payment policies, visit to the United states of Vissering and Bachmann, and
promotions in 1927; on Bancity Corp., discount rate changes (with a copy of O. D. Young's
letter to J. B. McDougal), and Strong's contribution to the Princeton Library in 1928.
320.228
Harrison, George L., Deputy Governor of the Federal Reserve Bank of New York,
1920-1928, two files, 1921-1925, largely on domestic problems and the Bank's operations,
including drafts of a letter to President Harding by Governor Harding and memoranda on the
credit situation in 1921; check collections and the McFadden Committee in 1923; data on gold
and types of paper currency in various countries, and recommendation of the Committee on
Currency Supply and Distribution, presidential candidates, nepotism, and the Pascagoula
National Bank in 1924; check collections, Capital Grain + Feed Co. opinion, disposal of
Strong's personal papers, Stone Mountain Manorial Association, comments on the Federal
Reserve Board, the Reichsbank's gold reserves, credit for the Bank of England (discussed with
Peacock during Harrison's trip in May), hiring of H. L. Bearse, paying out gold certificates,
Bank reorganization, open market operations, salary increases, and Strong's trip in 1925.
320.229
Harrison, George L., two files, 1926-1928, largely on the System's problems and
comments on Strong's reports of foreign conditions to the Board during his trip in 1926. The
correspondence also deals with the McFadden Committee hearings on price stabilization, open
market operations, Bank of England account, gold shipments to the Reichsbank, Strong's
differences with the Board, Gilbert's offers to Case and Jay, Polish and Belgian credits, possible
French loan, and relations with the New York Clearing House Association in 1926; the visits
of Norman, Lubbock, and Monnet, Crane's promotion, the Bank's future (with copy of Strong's
letter to Young reviewing his connection with the Bank as a result of Warburg's urging and
organization of the Open Market Investment Committee), the Bank's sterling balances, open
market operations, Italian stabilization, and Strong's trip to London to set up plans, and the
League of Nations' gold study in 1927; and Strong's health, and money market conditions in
1928.
320.231
Kenzel, Edwin R., Deputy Governor of the Federal Reserve Bank of New York, 19201933 (previously clerk and cashier, 1914-1920), two files, 1915-1928, largely in 1916 and
1917 on acceptances and credits (with copy of J. F. Darling's memo on American exchange),
Gold Exchange Fund and bond issues; on writing letters of introduction for Benjamin Jr., as to
Harjes, Pal1ain, Logan, Sharp, and C. S. Philips in Paris and Holden, Norman, Grenfell, and
Page in London in 1917; on Java bills and the discount market in 1920; Cuban conditions in
1923, Dean Onativia & Co.'s failure in 1925; discount rates in 1926; and foreign credits
extended by American banks in 1928; also includes Memorandum of Recommendations to Mr.
Strong for Adjustments to Salary of [FRBNY] Employees on July 1, 1915, Salaries and Duties
Folder Descriptions
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of Officers and Employees and Their Security Bonds 1915, and Salary List: Federal Reserve
Bank of New York July 12, 1915, and two envelopes with exemption certificates for 1915;
correspondence with Paul Warburg regarding William L. Sanders; Kenzel’s record of Bank’s
dealings with Mr. Fanshaw regarding proposed issue of $6,000,000 to be issued by State of
New York, June 1915,
320.232
Sailer, Louis F., Deputy Governor of the Federal Reserve Bank of New York, 19201933 (previously clerk), one file, 1919-1926, largely when Strong was abroad in 1920, 1925,
and 1926, on the Bank's transactions in 1920, entertaining Norman and Addis in 1921; on the
Japanese earthquake in 1923; the Bank's expenses and building in 1925; and salary
classifications in 1926.
320.241
Morgan, Shepard A., Assistant Federal Reserve Agent of the Federal Reserve Bank of
New York, 1919-1924 (and previously comptroller of the Liberty Loan Committee), one file,
1918-1924, on expenses in 1918 and work of Strong in 1919 on Liberty Loan Committee;
sending materials to Strong for his trip in 1920; entertaining Norman and Addis in 1921; leave
of absence in 1923; talks with various central bankers, including Norman, Robineau, Vissering,
and Hautain, as well as Zimmerman and O. D. Young, on American price stability and
European need for credits or loans, during this leave in 1924.
320.242
Burgess, W. Randolph, Assistant Federal Reserve Agent of the Federal Reserve Bank
of New York, 1923-1930 (and chief of Reports Div., 1920-1923, and Manager of Reports
Department in 1923,) two files, 1921-1928, largely during periods of Strong's absence due to
illness and trips abroad in 1925, 1926, and 1928, on discount rate, credit control policy, and
unemployment statistics in 1921; Strong's address at the Army War College in 1922; open
market operations, reserves for demand and time deposits, unfunded credit balances (with letter
from G. M. Jones of Commerce Department) in 1923; open market operations, inventories and
McNary-Haugen bill in 1924; material for Strong's biography, money market and Bank of
England's rate, and list of economists and journalists to meet Schacht in 1925; money market
reports, open market operations, testifying before the McFadden Committee on price
stabilization (including J. R. Bellerby's, with latter's request for material on Genoa
Conference), gold reserves, foreign accounts, French stabilization and Strong's testifying
before Royal Commission on Indian Currency and Finance in 1926; Burgess not being made
Agent, Pratt's memorial, and estimates of European consumption, and material to be
incorporated in statement for J. S. Alexander on discount rate controversy (including
chronology of events, arrival of Rist, Ricard, Norman, and Schacht, meetings with Board and
of Open Market Committee, open market operations, and actions of the 12 Banks) in 1927;
money market reports, open market operations, and gold exchange standard report in 1928.
320.320
Jefferson, H. M., in Auditing Department, 1915-1919 (and in Personnel Department,
1919-1926), of the Federal Reserve Bank of New York, two files, 1916-1919, 1926, largely in
1916 and 1917, on auditing problems and the auditors' conferences; the Bank's weekly
statement as given in The Economist in 1919; and resignation in 1926.
320.330
Rounds, Leslie R., Controller of Accounts, one file, 1921, on handling Liberty Loan
Committee's expense accounts in 1921.
320.340
Hendricks, L. H., in Transit and Collections of the Federal Reserve Bank of New York,
one file, 1916-1917, on Hendricks' health, F. E. Lyford's letter on state banks' refusing to join
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the Federal Reserve System, and Gold Settlement Fund operations in 1916; and Federal
Reserve collection system in 1917.
320.351
Crane, Jay E., Manager of the Foreign Department of the Federal Reserve Bank of New
York, 1919-1927, (and cashier in 1918), one file, 1919-1927, on the Nederlandsche Indische
Handelsbank and the Java Bank in 1923; Japanese exchange rates, Belgian and Polish credits,
and experienced foreign exchange men in 1925; use of code on cables to Schacht in 1926; and
visits of Vissering and Bachmann in 1927.
320.352
Others in the Foreign Department of the Federal Reserve Bank of New York, one file,
1920-1926:
a) Warren, Robert B., Chief of the Research Division in 1926 and 1927 (previously with the
New York Herald Tribune and special assistant to Strong during his 1926 trip), on lack of
publicity on Strong's leaving on trip in 1925; and on arrangements for trip in 1926.
b) Moore, O. E., Assistant in the Research Division in 1926 (and abroad as Strong's secretary
for trips, in 1926, 1927 and 1928); on code words in 1926.
c) Scott, W. A., Chief in Foreign Department, 1919-1927 (and then Manager) on trip
arrangements for Strong in 1920 and 1926.
320.380
Members of the Securities Department of the Federal Reserve Bank of New York, one
file,1921-1925:
a) Bellah, R. G., on data (on balance of payments) for B. Blackett in 1921.
b) Matteson, W. B., providing a compilation of data on Liberty Loans, certificates of
indebtedness, taxes, government debt, etc., in 1921; procedures for U. S. Treasury orders,
call money rates, and government security prices in 1924; and the Banks' earning assets in
1925.
320.420
Mason, L. R., General Counsel of the Federal Reserve Bank of New York, 1922-1928,
one file, 1922-1926, on the Genoa Conference's resolution on foreign banks' funds (with T. W.
Bowers opinion) in 1922; on the Bank building in 1925; and weak member banks' collateral
(with memo sent by N. D. Baker and W. Wyatt) in 1926.
320.451
Snyder, Carl, Manager of the Statistics Department, 1919-1922, and General
Statistician, 1923-1935 of the Federal Reserve Bank of New York, two files, October 1920February 1922, on a variety of topics of interest at the time. 32 They were concerned with
lowering the discount rate and interest rate policy in 1920; unemployment statistics, the
European situation (reported by Snyder during his trip as a result of talks with leading bankers
and economists, to whom Strong provided letters of introduction, including Norman,
Havenstein, Cannan, and Keynes), sending reports to Bank of Japan, Bank of England, and
32

From the exchange between Strong and Snyder, it is possible to get an idea of the important books which Strong read as
well as the opinions which he formed during the postwar period.
Folder Descriptions
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Java Bank, in 1921; agricultural prices and the Cunliffe Report in 1922. Snyder was asked to
draft letters to several, including T. A. Edison, F. W. Foote, S. Anderson, and H. A. Wallace,
and to prepare addresses for Strong.
320.452
Snyder, Carl, two files, March - Dec. 1922, on the credit control experience from 1919
to 1920, excess gold reserves, possible inflation, European conditions including German
reparation payments and others' debt obligations, the London Conference, views of leading
bankers and economists at home and abroad (with correspondence with J. A. Schumpeter, C.
A. Penhale, and Leonard Ayres and a copy of a resolution of three Scandinavian countries of
December 1921 on a return to the gold standard).
320.453
Snyder, Carl, two files, 1923, on indexes to measure business and price changes,
discount rate changes, German conditions, balance of payments data, and the gold standard
(with views gained by Snyder during trip abroad on positions of Norman, Keynes, Brand and
Withers, and correspondence with Prof. H. A. E. Chandler, H. C. Taylor of Department of
Agriculture, Henry A. Wallace, Edmund Day, H. N. Randolph and Julius H. Barnes).
320.454
Snyder, Carl, two files, 1924, on making indexes and current problems including the
reserve situation, credit expansion, McNary-Haugen bill, gold standard, price levels, German
reparations, Dawes Plan, and French conditions (with copies of various letters, reports, and
press statements by economists and others, including G. F. Warren, W. J. Boies, H. W.
Moorhouse, and H. G. Moulton).
320.455
Snyder, Carl, two files, 1925-1926, on indexes, prices, gold reserves, French debt, and
balance of payments (in response to few requests by Strong and with a rapid dropping off of
memoranda by Snyder after first months of 1925).
320.456
Snyder, Carl, two files, 1927-1933, on gold reserves, central banks' foreign exchange
holdings, business cycles, and credit control, German reparations, with a copy of Snyder's
memorandum, "Time Deposits and Reserve Requirements" and on the Yale Daily News
section on national affairs. Snyder’s article, “Industrial Growth and Monetary Theory”
reprinting from Economic Forum Summer 1933.
320.457
Others in the Reports Department of the Federal Reserve Bank of New York (called
the Information Department until 1920 and the Statistics Department from 1920 to 1923), one
fi1e_ 1919-1927:
a) Roberts, George B., Manager, 1923-1926, on the money market, data on the French
situation, and foreign lending in 1925.
b) Roelse, H. V., Manager, 1926-1936, on credit and business conditions in 1926, and the bond
market in 1927.
c) Rose, Mabel E., Assistant, on her completion of courses at the American Institute of
Banking, German reparation payments, (with tables of Germany's balance of payments,
1920-1950, data on central banks in Belgium, Bulgaria, Denmark, Egypt, Finland, France,
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Germany, Greece, India, Italy, Japan, Netherlands, Norway, Portugal, Romania, South
Africa, Spain, Sweden, and Switzerland), and the Scandinavian agreement in 1922;
Japanese conditions in 1922 and 1923; increase in the Bank of England's fiduciary
circulation in 1923; and British and French financial data in 1925.
d) Schutt, K., Assistant, on gold, government debt, and tax data for Strong's trip in 1919.
e) Burnett, Marguerite, Librarian, presenting a summary of German press comments on notes
exchanged between S. P. Gilbert and the German government, in November 1927.
320.500
Officers and Directors of the Buffalo Branch of the Federal Reserve Bank of New York,
one file, 1921-1926:
a) Gidney, Ray M., Manager, 1919-1921, and Director, 1920-1921, proposing names for the
National Budget Committee in 1921.
b) Kloepfer, J. A., Director, 1922-1928 (and president of the Liberty Bank of Buffalo), on the
Liberty Bank in 1925 and 1926.
c) Schneckenberger, W. W., Managing Director, 1922-1929, on Schacht's visit to Buffalo in
1925.

325.01

Memorandum on Rate Action of 1919; Confidential Memorandum on Rate Action of
1919, two files.

325.02

Chicago Rate Controversy, 1927, two files.

a) Memorandum relative to the Chicago Rate Controversy, 9/11/1927
b) Correspondence with Members of Committee and other Federal Reserve Banks RE:
Transaction in Open Market A/C
c) Open Market Investment Committee, Meeting Minutes, 5/9/1927 and 7/27/1927

d) Correspondence with Philadelphia and Chicago FR Banks RE: discount rates
e) Cables and Correspondence with Foreign Banks of Issue RE: discount rates

f) Samples of Correspondence with other FRB relative to Foreign Credits
g) Extracts from Articles of Assn. Chicago Clearing House Assn. and New York Clearing
House Assn. Relative to Interest on Deposits.
h) Conference of Governors, January 20-23, 1915
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i) Opinions Relative to Right of Federal Reserve Board to Initiate Changes in Discount
Rates.
j) Copies of Correspondence Relative to Purchase and Sale of Gold and Sterling Exchange.
330.0 Officers of the Federal Reserve Bank of Philadelphia, one file, 1915-1923:
a) Rhoads, C. J., Governor, on liquidation of the Gold Fund in 1915; and government bonds in
1917.
b) Passmore, E. P., Governor, on topics for the Governors' Conference and nationa1 budgetary
reform in 1919.
c) Norris, G. W., Governor, on the National Budget Committee organization in 1921; Board's
reorganization of the Open Market Investment Committee, earning assets, and interest
charge on Federal Reserve notes in 1923.
340.0 Officers of the Federal Reserve Bank of Cleveland, one file, 1915-1922:
a) Fancher, E. R., Governor, on liquidation of the Gold Fund in 1915; national budgetary
reform in 1919; and the National Budget Committee organization in 1921.
b) Nevin, G. C., Assistant Agent, on tire production in 1922.
350.0 Officers of the Federal Reserve Bank of Richmond, two files 1915-1924:
1) Seay, George J., Governor, one file, 1915-1924, on liquidation of the Gold Fund, check
clearance, Seay's salary, and possibility of a position in the New York Bank in 1915; Bank's
earning assets, Governors' Conference and a new collection system in 1916; plan for a new
reserve ratio for Federal Reserve Banks (not dated); national budgetary reform in 1919; gold
earmarked in London and Paris, and French payment of its part of the Anglo-French loan
of 1915, in 1920; National Budget Committee in 1921; schedule of investments for foreign
banks in 1923; and open market operations in 1924.
2) Peple, C. A., Deputy Governor, one file, 1919, on the National Budget Committee.
360.0 Officers of the Federal Reserve Bank of Atlanta, one file, 1915-1923:
a) McCord, J. A., Governor, on liquidation of the Gold Funds in 1915.
b) Wellborn, M. B., Governor, on national budgetary reform in 1919; National Budget
Committee in 1921; and Bank's new building in 1923.
370.0 Officers of the Federal Reserve Bank of Chicago, two files, 1915-1925:
1) McDougal, J. B., Governor, one file, 1915-1925, on liquidation of the Gold Fund in 1915;
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President Wilson's address to the Industrial Club of Chicago, Strong's illness, collection
system, purchasing foreign exchange, American Bankers Association meeting, par
collections, and relations with foreign banks in 1916; earnings and Federal Reserve
Exchange Committee in 1917; national budgetary reform in 1919; National Budget
Committee in 1921; open market operations in 1924; Schacht's visit to Chicago in 1925.
2) Deputy Governors, one file, 1916-1925:
a) McKay, C. R., on the American Bankers Association and par collections in 1916; wire
transfer charges, par collections, and applications for a foreign exchange position in
1917; and a message for Schacht in Chicago in 1925.
b) Cramer, S. B., on notifying Strong about Cunliffe's death in 1920.
380.0 Biggs, D. C., Governor of the Federal Reserve Bank of St. Louis, one file, 1919-1921, on
national budgetary reform in 1919 and the National Budget Committee in 1921.
390.0 Officers of the Federal Reserve Bank of Minneapolis, one file, 1915-1921:
a) Wold, Theodore, Governor, on meeting in 1915; Strong's health, Governors' Conference,
and Kansas City Convention in 1916; Strong's health and collection charges in 1917; and
national budgetary reform in 1919.
b) Young, R. A., Governor, on the National Budget Committee in 1921.
400.0 Officers of the Federal Reserve Bank of Kansas City, one file, 1915-1928:
a) Sawyer, C. M., Governor, on liquidation of the Gold Fund in 1915.
b) Miller, J. Z., Jr., Governor, on national budgetary reform in 1919 and the National Budget
Committee in 1921.
c) Bailey, W. J., Governor, on participation in foreign bank accounts in 1924; dissension over
discount rate actions in 1927; benefits of action, and examples of damages to the System –
recognized in 1914 – of Board domination, sectionalism among Banks, and directors'
domination of Banks, in 1928.
410.0 Officers of the Federal Reserve Bank of Dallas, three files, 1915-1927:
1) Van Zandt, R. L., Governor, 1915-1922 (and various positions thereafter), one file, 19151927, on becoming governor in 1915; clearing house in Dallas (memo) in 1916; Bank
agencies, clearing and operations under agreement with the Bank of England in 1917;
national budgetary reform in 1919; new Bank building, Governors' Conference
photographs, Japanese bankers' visit to Dallas, and National Budget Committee in 1921;
ousting and friction with Agent and Federal Reserve Board in 1922; and efforts to get other
positions from 1922-1927.

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2) Other Officers, one file, 1915-1916:
a) Wells, Oscar, Governor, on liquidation of the Gold Fund in 1915.
b) Ramsey, W. F., Federal Reserve Agent, on bankers' acceptances in 1916.
c) McKinney, B.A., Governor, on bill covering copies of reports of examination, 1922.
3) Outing Correspondence (with signature) and Incoming Correspondence (with notations),
1915-27.
420.1 Kains, Archibald, Governor of the Federal Reserve Bank of San Francisco, 1914-1917 (and
with American Foreign Banking Corporation in 1918 and Federal International Banking Co.,
in 1923-1925), two files, 1915-1925, on liquidation of the Gold Fund in 1915; introductions
for Strong's trip, Strong's health, collection system, foreign exchange operations (with copy of
Macauley's letter to H. S. Randal in 1857) in 1916; on Kains' illness, check collection, and
Liberty Bonds in 1917; and thereafter on foreign exchange and club memberships.
420.2 Other Officers of the Federal Reserve Bank of San Francisco, one file, 1916-1921:
a) Calkins, J. U., Deputy Governor and Governor, on Gold Settlement Fund and French
Industrial Credit in 1916; investment in commercial paper in 1917; and National Budget
Committee in 1921.
b) Day, W. A., Deputy Governor, on Strong's trip arrangements in 1920.
c) Lynch, J. K., Governor, on national budgetary reform in 1919.
d) Tucker, E. H., Assistant Federal Reserve Agent, on handling a package for Strong in 1920.
500.1 Officers of Chase National Bank of New York City, one file, 1914-1925:
a) Hepburn, A. B., (chairman also in 1913-1914 of the New York Commission to Revise the
Banking Law and member of the Federal Advisory Council 1919-1920), on revision of New
York Banking Law and the Aldrich-Vreeland emergency currency in 1914.
b) Holly, W. P., (also Secretary of the Gold Fund Committee and the Cotton Loan Committee),
calling meetings and sending minutes, (not here) 1914 and 1915, and notifying of
termination of subscriptions to the Cotton Loan Fund in 1916.
c) Wiggin, Albert H., (also chairman of the Clearing House Committee of the New York
Clearing House Association), on commercial paper (copy of correspondence with Reserve
Bank Organization Committee), forming a Gold Fund Committee and its New York
subcommittee (of which Wiggin became chairman) with calls for meetings in 1914, and on
subscriptions to stock of the Federal Reserve Bank of New York (in letter to Hamlin) in
1914; further calls for meetings and liquidation of Gold Fund Committee in 1915; on the
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Liberty Loan Committee's expenses in 1921; and sorting checks, collection system, member
banks' reserves, and cost of membership in the New York Clearing House Association in
1925.
500.2 Officers of the National City Bank of New York City, one file, 1911-1925:
a) Fulton, J. H., (with National Park Bank by 1925), on contributing to the Gold Fund in 1914;
national budgetary reform in 1919; and dinner for Schacht in 1925.
b) Mitchell, Charles E., on the Cuban agency (with correspondence with W. B. Wellborn and
D. R. Crissinger), and the Federal Reserve's relations with ten central banks and various
governments, including the Czech Foreign Ministry (with a review of past operations with
them, and member banks' benefits from Federal Reserve Membership (at a time of friction
over business in Cuba and Czechoslovakia) in 1923; providing credits and loans for
Germany and Czechoslovakia (with a memorandum of a conversation) and Mitchell's lunch
for Schacht in 1925.
c) Stillman, James, on arrangement with the Bank of England and the Bank of France, war
sympathy, and stock speculation in 1916; United States Trust Co.'s and Farmers Loan and
Trust Co.'s joining the System, data on Liberty Loans, government's financial policies, and
need for Stillman's, Morgan's, and G. F. Baker's advising government officials in 1917.
d) Talbert, J. T., on estimates of foreign holdings of American securities and short-term notes,
travelers' spending in Europe, and his bank's cash reserves during panic of 1907, in 1913.
e) Vanderlip, Frank A., on sending letters in 1911; proposals for a Federal Reserve Act (with
copy of Senator Weeks' letter and Vanderlip's suggestions) in 1913; fee to J. F. Curtis in
1914; on various types of existing currency, need for currency legislation, and Governors
of the Federal Reserve Banks serving on the Federal Reserve Board in 1916; possibility of
meeting on trip to Japan in 1921; and Liberty Loan Committee's expenses in 1921.
500.3 Officers of Other National Banks in New York (all in New York City except as noted), one
file, 1914-1922:
a) Baker, George F., of the First National Bank, on Liberty Loan Committee's expenses, in
1921.
b) De Lima, E. A., of Battery Park National Bank, on the Federal Reserve Act (a printed
speech, not dated but might be 1914)
c) Emerson, Guy, of the National Bank of Commerce (and Vice-Director of the Liberty Loan
Organization), on continuing his publicity work with J. P. Jones, serving at G. A. Whalen's
request on the Mayor's (J. F. Hylan's) Committee (headed by R. Wanamaker, with W. R.
Hearst another member) to welcome soldiers home and for the Altar of Liberty,
contributions to an expense fund, resolutions in appreciation of the work of A. M. Anderson,
G. Emerson, G. W. McGarrah, and Strong by the Liberty Loan Committee, dinner in
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Strong's honor with McAdoo as speaker, continuing War Savings Societies, Walter Cooke's
heading Liberty Loan Organization in Buffalo, Strong's accepting the French honor, and
suggestions for the Liberty Loan organization, in 1918 and 1919.
d) Feick, William, of Irving National Bank (and president of the local chapter of the American
Institute of Banking, 1921-1922) on the completion of AIB courses by the New York Bank's
employees in 1921; and membership and annual meeting in 1922.
e) Norton, Charles D., of First National Bank (and by 1919 of First Security Co.),
congratulating Strong on his speech (on the Federal Reserve System) in 1914; Strong's
health, commenting on various American officials, politicians, and bankers, as President
Wilson, Charles E. Hughes, 'Theodore Roosevelt, Senator Penrose, Senator Knox, F.
Delano, W. Phillips, E. C. Cowdin (in air combat in France), H. Emery, and E. Wadsworth,
Addis' view on American participation in the Chinese group arrangement, various American
views on the Mexican and European wars, and new currency legislation in 1916; on
differences (with the Federal Reserve Board) in 1917; and creating an international
exchange currency or credit instrument in 1919.
f) Ravensky, J. E., of National Bank of Commerce, on liquidation of the Gold Fund in 1915.
(Alternate spelling of Rovensky in one of Strong’s letters)
g) Sabin, C. H., of Mechanics & Metals National Bank, on the Liberty Loan Committee's
expenses, in 1921.
h) Spalding, E., of First National Bank, Lestershire, in the mobilization of gold by Federal
Reserve Banks in 1916.
i) Thorne, G. G. of National Park Bank, on his bank's reserves during panic of 1907 and in
1913.
j) Harriman, Joseph W. of Harriman National Bank, to Strong on establishment of registry
department, September 1917.
500.4 Officers of National Banks in the Northeast and Middle Atlantic states, one file, 1914-1927:
a) Allen, J. H., of Merchants National Bank, New Haven, Conn., (and president of the local
chapter of the American Institute of Banking in 1926-1927), on Strong's addressing the
annual banquet in 1927.
b) Beal, Thomas P., of the Second National Bank of Boston (and president of the Boston
Clearing House Assn.), on contributing to the Gold Fund in 1914.
c) Dwinnell, C. H. of the First National Bank of Boston, on Schacht's possible visit to Boston
in 1925.
d) Rue, L, L., of Philadelphia National Bank, on contributing to the Gold Fund in 1914.
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e) Wing, D. G., of First National Bank, Boston, on Schacht's possible visit to Boston in 1925.
500.5 Officers of National Banks in Southern States, one file, 1911-1927:
a) Barnett, B. H., of Barnett National Bank, Jacksonville, Florida, on the celebration of his
bank's fifty years in 1927.
b) Maddox, R. F., of American National Bank of Atlanta, Georgia, on the cotton program in
1914.
c) Murray, M. S., of Lumberman's National Bank, Houston, Texas, on sending gold to aid
American travelers abroad in 1914.
d) Watts, F. O., of First National Bank, Nashville (and president of American Bankers
Association), on the subject for Strong's speech in New Orleans in 1911.
e) Wexler, Sol, of Whitney – Central National Bank of New Orleans, on contributing to the
Gold Fund in 1914.
500.6 Officers of National Banks in Western states, one file, 1911-1925:
a) Decker, E. W., of Northwestern National Bank, Minneapolis, on the National Budget
Committee in 1921.
b) Forgan, J. B., of First National Bank of Chicago (and chairman of the Gold Fund
Committee), on Strong's speech in New Orleans and reserves and note issues of the National
Reserve Association in 1911; on contributing to Gold Fund (with J. J. Arnold's letter), and
to Cotton Loan Fund, and Strong's selection as Governor of the New York Bank in 1914;
and protest against foreign lending in 1915.
c) Kiesewetter, E., of Ohio National Bank of Columbus, on contributing to Gold Fund in 1914.
d) Robertson, A., of Continental & Commercial National Bank of Chicago, on supplying data
for the Gold Fund in 1914.
e) Rowe, J. J., of First National Bank, Cincinnati, on the National Budget Committee and C.
P. Taft's cooperation in 1921.
f) Swinney, E. F., of First National Bank, Kansas City, on contributing to the Gold Fund in
1914.
g) Traylor, M. A., of First National Bank of Chicago, on the livestock industry, credits for the
Bank of England, and law discount rates (copies of Traylor's speeches) in 1925.
550.1 Kent, Fred I., Vice-President of Bankers Trust Company, of New York (and chairman of the
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Bankers Committee of London in 1914 and foreign exchange expert for the Federal Reserve
System in 1919), two files, 1913-1925:
Strong and Kent worked together to prepare material on the proposed Federal Reserve Act (in
which they were aided by H. O. Bailey J. F. Curtis, and John H. Lewis) to give Senator Burton
in November and December 1913; Kent testified before the Reserve Bank Organization
Committee (with copy of his testimony) in 1914.
Kent commented in New York to Strong in London on the latter's report of unrest abroad,
Secretary of Commerce Redfield's views on tariffs, Comptroller of the Currency Williams'
asking for national bank data, friction among New York banks over the selection of Federal
Reserve directors and redemption of Southern Pacific notes in June 1914. Then, in London,
after seeing Strong, Kent reported his calls upon various bankers about opening foreign offices.
He called upon E. H. Holden of London City + Midland Bank, C. Gow of London Joint Stock
Bank, as well as the manager of the London office of the Bank of Athens, and R. C. Wyse of
Guaranty Trust Co., S. J. Bieber of Banca Commerciale Italiana, and Alexander Burns of
Banco Espanol del Rio de la Plata. He heard also of a possible war in the Near East and
planned to interrupt his conversations by a month's trip along the Norwegian coast and to arrive
in Germany on July 30. Kent changed his plans and was in London by August 2, cabling and
writing letters about the gold pool organized by the Committee of New York Bankers to aid
Americans abroad (with copies of cables and letters exchanged with Strong), and Gold Fund
and exchange operations. After Kent's return to the United States, he continued to write about
these problems in 1914 and 1915.
The two men corresponded about getting funds for Strong's trip of 1916, gold prices, and
earmarking gold in the United States and Great Britain (with a leaflet on the French Industrial
Credit) in 1916. When both were in Europe" in 1919, they corresponded and cabled about
arrangements for handling German gold by the Bank of England and Strong's proposed trip to
Constantinople. Strong received a copy of Kent's speech on bankers' acceptances in 1920; and
they wrote about membership in the International Chamber of Commerce in 1922.
550.2 Other Officers and Employees of Bankers Trust Company, New York, one file, 1913-1926:
a) Fischer, H., on seeing Strong in Paris, in 1926.
b) Lewis, John H., sending material on the Federal Reserve Act in 1913; and on Incandescent
Light + Stove Co. proxy and Tobacco Products Co. stock in 1915.
c) Michaels, I., on forwarding mail to Strong in 1916.
d) Prosser, S., on Liberty Loan Committee expenses in 1921.
e) Schmid, J. F., on cotton problems (with a copy of a letter by J. H. Simpson of Bank of
Liverpool) in 1914; providing letters of credit and checks in 1916, 1919, 1920.
550.3 Officers of Other Trust Companies in New York (in New York City unless indicated
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otherwise), one file, 1911-1928:
a) Brady, P. J., of Federation Bank & Trust Company, on the Communist threat and the labor
movement in 1927-1928.
b) Colvin, A. B., of Glen Falls Trust Company, Glenn Falls (and New York state Chairman of
the Harding Memorial Association), on Strong's serving as a member of the Association's
advisory committee (with leaflets), in 1923.
c) Gillespie, L. L., of Equitable Trust Company (and vice-president of the Trust Company
Section of the American Bankers Association), on the Aldrich bill in 1911 (with letters to
F. H. Fries).
d) (1) Hemphill, A. J., of Guaranty Trust Co., on aid to Americans abroad in 1914.
(2) Bolinger, John, Assistant Manager, Guaranty Trust Company of New York on excerpts
of the conditions relative to acceptance credit granted to the Russo Asiatic Bank of
Petrograd in 1916.
e) Klinck, J. C., of Metropolitan Trust Company (and president of the local chapter of the
American Institute of Banking) on attending annual banquet in 1924.
f) Krech, A. W., of Equitable Trust Company, on Krech's invitation to Schacht in 1925.
g) McKernan, N. M., of American Exchange Irving Trust Co. (and president of the local
chapter of American Institute of Banking), on AIB membership in 1927.
h) Merrill, E. G., of Union Trust Co., of New York (and president of Trust Companies
Association of the state of New York), on revision of the New York banking law (with
copies of letters to T. I. Antwerp and E. F. Rorebeck, and Chairman of Assembly Committee
on Banks) in 1914.
i) Platten, J. W., of United States Mortgage & Trust Co., on proposed Federal Reserve Act in
1913.
j) Sheldon, E. W., of United States Trust Co., on the Bank's new building in 1925.
k) Totton, F. M. of Fidelity – International Trust Co., (and president of the local chapter of
American Institute of Banking), on completion of courses by the Bank's employees (with
names listed) in 1922; and attendance at the annual banquet in 1923.
l) Van Antwerp, T. I., of Union Trust Company, Albany (and secretary of the Trust Companies
Association of the State of New York), on Strong's election to the Association's executive
committee in 1913; and limitation of officers' borrowing (with a copy of A. B. Colvin's
letter) in 1914.
550.4 Trust Companies in Other States, one file, 1911-1914:
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a) Abbott, Gordon, of Old Colony Trust Company, Boston, on proposed Federal Reserve Act
in 1913.
b) Fries, F., H., of Wachovia Bank & Trust Co., Winston-Salem, N. C., (and chairman of
executive committee of Trust Company Section of the American Bankers Association), on
Aldrich Bill and nationalizing trust companies in 1911.
c) Fuller, O. C., of Wisconsin Trust Co., Milwaukee, (and president of the Trust Company
Section of the American Bankers Association), on the Aldrich Bill in 1911.
d) Goff, F. H., of Cleveland Trust Co., on legislation in 1911; and refusing a Federal Reserve
position (with letter to Warburg) in 1914.
e) Hann, S. M., of Fidelity Trust Co., Baltimore, on the Federal Reserve Act in 1913.
f) Hart, F. H., of Old Colony Trust Co., Boston, on commercial paper in 1914.
g) Jemison, R., of Central Mortgage & Trust Co., Birmingham, Ala., on proposed Federal
Reserve Act in 1913.
h) Satori, J. F., of Security Trust + Savings Bank, Los Angeles, on need for emergency currency
and safeguarding investments in 1914.
i) Van Riper, J. G., of American Trust Co., St. Louis, on contributing to the Gold Fund and to
the Cotton Loan Fund in 1914.
j) Wade, Festus J., of Mercantile Trust Co., St. Louis, on contributing to the Cotton Loan Fund
in 1914.
550.5 Officers of other State Banks, one file, 1913-1926:
a) Amerson, F. B., of Bank of California, San Francisco, on proposed Federal Reserve Act in
1913, and sterling exchange rate in 1914.
b) Frew, W. E., of Corn Exchange Bank, New York City, on Liberty Loan Committee's
expenses in 1921.
c) Howe, E. L., of Princeton Bank, New Jersey, on meeting with Willis and Vanderlip on
proposed Federal Reserve Act in 1913.
d) McDougal, E. C., of the Bank of Buffalo, New York, on banning credits to foreign
governments in 1916; and check collection in 1917.
e) Pulleyn, J. J., of Emigrant Industrial Savings Bank, New York City, on the bank's seventyfifth anniversary in 1925.
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f) Wheelock, C. D., of Corn Exchange Bank, New York City (and president of local chapter
of American Institute of Banking), on Strong's support in 1925.
g) Wright, G. W., of Bowery Savings Bank, New York City (and chairman of Bankers' Forum
of local chapter of American Institute of Banking), on Strong's serving on honorary
committee in 1926.
610.1 Partners in Brown Brothers & Co., three files, 1914-1925: 33
1) and 2) Brown, James, two files, 1914-1917, on need for the Gold Fund because of British
moratorium on foreign payments (with copies of royal proclamations) in 1914; British
requirements for bankers' acceptances, New York acceptance market; foreign holdings of
American securities, and French loans and credit in 1915; introduction to Norman for
Strong, French credit, Strong's negotiations during trip, need for foreign loans to protect
American gold reserves, Treman's ability, the Reserve's purchases of acceptances in 1916;
the French gold embargo and meetings with Strong in 1917.
3) Others; one f'i1e, 1914-1925:
a) Delano, Moreau, on Gold Fund Committee report in 1914.
b) Morris, Ray, about Morris' meeting with Schacht in 1925.
610.2 Partners and Staff Members 34 of J. P. Morgan & Co., two files, 1911-1928:
1) Five men (A-L), one file, 1911-1927:
a) Anderson, Arthur M., appreciating his encouragement and on Benjamin Jr.'s war service
in 1917; on Liberty Loan work in 1918; and possible position for Van Zandt in 1922.
b) Davison, Henry P., on meeting with N. W. Aldrich on “Owera” in 1911; thanking for
check and expressing admiration for Strong in 1912; response to telegram regarding
Trubee, (Red Cross War Council) 1917; on membership to FRS, 1917; on conference
with President Wilson on anti-trust legislation (in a memorandum) in December 1914;
on Benjamin Jr.'s service in France in 1918; and (to Mrs. Kate Davison) on their mutual
friends and Strong's health in 1924.
c) Davison, Henry P., Jr., on health and economic books for Davison to study in Colorado,
33

The Bankers Encyclopedia for Sept. 1914 and Sept. 1921 gave lists of member and nonmember bankers and brokers of

the New York Stock Exchange. Among the members were firms listed in 610.1, 610.2, and 610.4, and among the
nonmembers were those in 610.3 and 610.5.
34

Henry P. Davison, Jr., was an employee, 1922-1928, becoming a partner in 1929. Martin Eagan was also an employee

during this period.
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as those by Adam Smith, D. Ricardo, W. Bagehot, and H. Withers in 1923 and 1924.
d) Eagan, Martin, on Labor's National Peace Council in 1915.
f) Lamont, Thomas W., on Aiken's accepting governorship of the Boston Bank, conference
of Davison and James Brown in London with the British Chancellor of the Exchequer on
the use of the Gold Fund and American and British banking credits to stabilize the
exchange (with copies of cables exchanged) in 1914; on work with H. P. Davison, in a
22 page narrative in 1924 for Lamont's projected biography, in which Strong recounted
work at the Englewood Hospital, during the panic of 1907 (during which they were
associated with J. P. Morgan, W. Woodward, G. F. Baker, J. Stillman, and others to
provide aid to trust companies in trouble, including the Trust Company of' America), on
Davison's negotiations for supplies for the Allies and his Red Cross work, as well as on
the need for banking legislation and Strong's joining the Federal Reserve Bank of New
York in 1914 as a result of P. M. Warburg's, J. P. Morgan's, and H. P. Davison's efforts;
on French conditions (as observed during Strong's trip), franc decline, and debt in 1926;
Japanese conditions (including Leffingwell's letter in connection with Lamont's trip and
memoranda prepared by the Morgan staff and the Japanese officials, E. Fukai and K.
Mori), in connection with a loan and Japan's return to the gold standard in 1927; and on
whether Strong should accept a French honor for his assistance in French stabilization in
1928.
2) Five men, (L-S), 1914-1928:
a) Leffingwell, Russell C., on becoming a partner in 1923; National Budget Committee,
McAdoo's platform to be free of Wall Street domination, Federal Reserve note and
deposit reserves, and British wartime need for currency notes, in 1924; memoranda on
French indebtedness by the New York Bank and J. A. M. de Sanchez, and German
borrowing in 1925; comment on visit by Salter of the League of Nations' Economic and
Financial Committee, National Budget Committee, Pratt memorial, Strong's trip to
London, in 1927; and invitation to Leffingwell's daughter's wedding in 1928.
b) Morgan, J. P., (and a member of the Federal Advisory Council, 1915-1918) on trust
company legislation (in a letter to Warburg) in July 1916; on Strong's recent trip abroad
to see about agreement with the Bank of England, need to amend the Federal Reserve
Act, gold import point, sterling exchange rate, credits to Allied countries (Great Britain,
France, and Russia), British gold exports, holdings of American securities and foreign
balances, in August and September 1916; membership of trust companies and state banks
in Federal Reserve Banks, taxes, and Cunliffe's trip plans in 1917; Norman's views on
reparation in 1921; and First National Bank's 60 anniversary and G. F. Baker's long
service, and Morgan's new partner, Leffingwell, in 1923.
c) Morrow, DwightW., (Ambassador to Mexico in 1927), on discussions in London on
exchange stabilization and American and British banking credits (in cable to London), in
1914; budget legislation and the National Budget Committee's expenses in 1921; inviting
Strong to visit him in France when Gilbert and Leffingwell would be present, on the
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Caillaux gold loan, Strong's trip with Norman to Berlin, returning the White Paper on
Pact Negotiations, and Mrs. Morgan's death in 1925; Basil Miles' possible position,
Germany's payment of reparations, Strong's talk on Polish stabilization with J. Monnet,
an introduction to Sir Charles C. Munro, Morrow's becoming ambassador to Mexico, the
Polish loan, German reparation payments, exploring League of Nations' matters (gold
study) with Monnet, Salter, Lamont, and Jeremiah Smith, and his firm's cooperation with
the New York bank, in 1927.
d) Perkins, George W. (a former partner), on Charles E. Hughes' visit to Colorado in 1916.
e) Stettinius, Edward R., (president of Diamond Match Co. in 1914) on cotton problems in
1914; on Vissering's and Ter Meulen's views on a Dutch loan, an introduction for N.
Dean Jay and Stettinius in 1919; dinner for Shibusawa and George Case Jr.’s, death in
1921; health in 1922; introducing M. S. McConihe and on health in 1923; providing
Stettinius with Root's book in 1924; on health, lunch in March with Morgan and Lamont,
seeing Morgan partners and at Palm Beach, J. Grier, R. Howe, and J. Cooke, foreign
loans, and stock market in 1925. (In 1923 some of the correspondence was with
Stettinius' secretary, J. J. Bennett, Jr.)
610.3 Financing Corporations, with foreign banking offices, one file, 1916-1921: (In 1920 on
providing introductions for Strong's trip around the world and on handling messages and other
requests unless otherwise noted)
a) Aspden, T. F., of Park-Union Foreign Banking Corporation, in 1920.
b) Cose, O. M., of International Banking Corporation in Singapore, Malaya in 1920.
c) Currie, M. D., of International Banking Corporation, in 1920.
d) Dawson, Ralph, of Asia Banking Corporation, in 1920.
e) Denzan, G., of International Banking Corporation, in 1920.
f) Straight, Willard, of American International Corporation in 1916 and 1917 (earlier with the
American banking group in China and in 1917 chairman of Mayor Hylan's committee on
National Defense), on position for an Austrian, establishment of a Chinese American Bank,
and introducing S. R. Wagel of North China Daily News of Shanghai in 1915; health,
Chinese loan, and Addis' view on loan, membership in India House, activities of H. P.
Fletcher and G. Marvin, qualifications of L. Griscom, N. Perkins, and W. H. Coverdale
(who had worked on .J. W. Platten' s committee reorganizing Southern Iron & Steel Co.)
for the London office, Basil Miles' trip to Russia, and hiring P. Peixotto for the Paris office
in 1916; filling out the Mayor's questionnaire and dining with the Belgian Minister, E. de
Cartier de Marchienne, in 1917.
g) Peixotto, P., of American International Corporation, on meeting in Paris in 1919.
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h) Trent, J. A. W., of International Banking Corporation, in Bombay, India, in 1920.
i) Woodlock, Thomas F., of American International Corporation, on sending unemployment
data (with tables and a letter to N. de Taube of New York Shipbuilding Corp.) in 1921.
610.4 Banking and Brokerage Houses, one file, 1914-1925:
a) Auchincloss, James C., of Auchincloss, Joost & Co. (and in military intelligence in War
Dept. in 1918), on health, settling Benjamin Sr.'s estate, railroad strike, presidential
campaign, visitors, selling French postcards, and differences on credits to the Allies between
J. P. Morgan & Co. and the Federal Reserve Board in 1916; on health, Count J. H. von
Bernstorff's dismissal, Benjamin Jr.'s military service, and war relief organizations in 1917;
Auchincloss' war work in 1918; Stock Exchange Money Committee and the role of the New
York Stock Exchange in the Federal Reserve System in 1919.
b) Benedict, Harry E., of Kidder, Peabody & Co., on need for an Austrian credit in 1921 (with
letter from Vanderlip).
c) Goldman, H., of Goldman, Sachs & Co., on foreign exchange problems in 1915.
d) Halliburton, W. S., of Daniel O'Dell & Co., on being a cotton expert in 1914.
e) Hallowell, N. Penrose, of Lee, Higginson & Co., congratulating Strong on receiving a LL.D.
from Princeton (with Lord Reading and H. P. Davison also receiving degrees) and Aiken's
getting an A. M. from Yale as recognition for work of the Federal Reserve System in 1918.
f) Harding, J. Horace, of Chas. D. Barney & Co., (and American Express Co.) on contributing
to the National Budget Committee in 1921.
g) Harris, John F., of Harris, Winthrop & Co., on trip with Strong in 1916.
h) Higginson, Henry L., of Lee, Higginson & Co., on railroad shares in 1914.
i) Hoyt, Colgate, of Colgate Hoyt & Co., on new housing to relieve unemployment in 1921.
j) Lewisohn, Sam A., of Adolph Lewisohn & Sons (and New York City chairman of the
National Budget Committee), on committee's invitations to luncheons and dinners, 19211923.
k) Morgan, W. Forbes, of Morgan, Livermore & Co., on Morgan's meeting with Schacht about
central European borrowing in 1925.
l) AKS (Arthur K. Salomon) of Salomon Bros. & Hutzler, on the market for certificates of
indebtedness in 1921 and 1924.
m) Seligmann, I. N., of J. & W. Seligman & Co., on German-American Chamber of Commerce
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in 1915.
n) Shattuck, A. R., (of Lewisohn Bros. 35) on cotton problems (with copies of cables exchanged
with Sir Edward Holden) in 1914.
o) Shearson, Hammill & Co., 36 on cotton exchange offices in 1914.
p) Strauss, F., of J. & W. Seligman & Co., on providing introduction for Strong to Withers in
1916 and supporting Institute for Government Research in 1921.
q) Waite, Herbert H. President of The Citizens National Bank, Adams, New York. March 1917
correspondence.
r) Catchings, Waddill. Goldman, Sachs & co. Letter to Strong regarding his negative response
to an article written by Catchings for Harvard Business Review.
610.5 Commercial Paper Houses, one file, 1914-1925:
a) Byfield, Robert S., of Ames, Emerich & Co., on Byfield's invitation to Schacht in 1925.
b) Corey, C. T., of Holbrook, Corey & Co., on sales of commercial paper in 1914.
c) Forbes, Allen B., of Harris, Forbes & Co., on maturing bonds (list of) in 1914 and Liberty
Loan expenses in 1921.
d) Heath, W. G., of Campbell, Heath & Co., on maturing commercial paper in 1914.
e) Naumburg, E., & CO., 37 on credit situation in 1914 as compared to panic of 1907.
f) Smith, H. C., of Hathaway, Smith, Folds & Co., on credit situation (with copy of letters on
actions of country banks and memos on commercial paper and the discount market) in 1914.
g) Smith, L. W., of Harris, Forbes & Co., on Strong's dinner for Schacht in 1925.
h) Stewart, J. H., of Hambleton & Co., on Schacht's messages from Germany in 1925.
i) Walcott, F. C., of Wm. P. Bonbright & Co., on trip across with Strong, work in London, and
stay in France, and on the Federal Reserve Act, in 1914 (with memorandum and pamphlet).
610.6 Cotton Factors, Insurers, and Others, one file, 1914-1925:

35

Although Shattuck's firm was not given, his address was 11 Broadway, where Lewisohn Bros. was located.

36

Individual's name not given.

37

Individual's name not given.
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a) Chubb, H., of Chubb & Son, on sharing trip expense to Washington in 1914.
b) Dix, William F., of Mutual Life Insurance Co., of New York, congratulating Strong on
Montenegrin honor and asking for further information about this honor from Chaoulitch in
1919.
c) Hewitt, H. J., of National Surety Co., on proposed Federal Reserve Act in 1913.
d) Hurlbut, Guy B., 38 on contributing to Gold Fund and Cotton Loan Fund and selection of the
Federal Reserve's directors in 1914.
e) Jones, Gilbert E., of Guaranty Co., (and Bond Club of New York) on Jones' invitation to
Schacht in 1925.
f) Joyce, W. B., of National Surety Co., on proposed Federal Reserve Act in 1913.
g) Kingsley, Darwin P., of New York Life Insurance Co. (and member of Committee on
Exchange Lecturers between Japan and the United States), on raising money for the lecture
course in Japan, relations between the two countries, and Vanderlip's and E. H. Gary's proJapanese views in 1921.
h) Nesbitt, W. D., of Warrant Warehouse Co., on cotton plan in 1914.
i) Patton, R. G., of American Freehold-Land Mortgage Co., on cotton problems in Texas in
1914.
j) Willcox, William G., of Willcox, Peck, Brown & Crosby, on subscribing to government
bonds and the Treasury's maintaining stable prices, in October 1918.
620.1 Banking and Related Associations, one file, 1912-1926: 39
a) Berger, G. F., of American Institute of Banking, on Strong's becoming a member in 1923.
b) Dinwiddie, Wm., of National Citizens' League for the Promotion of a Sound Banking
System, on cooperation on currency reform in 1912.
c) Henry, W. J., of the New York State Bankers' Association, on currency reform legislation
in 1913.
d) Lombard, N., of the Stable Money Association, on price stabilization and congressional
investigation and legislation (with a copy of Prof. R. A. Lehfeldt's address) in 1926.

38

Hurlbut’s occupation has not been ascertained.

39

Men are listed here if these seemed to be full time positions or if others were not found.
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e) Miller, C. A., of the Savings Bank Association of the state of New York, on revising parts
of the banking law in 1916.
f) Persons, R. S., of Committee of Five, Conference of State Banks and Trust Companies, on
check collections (with views of Thomas B. Paton, general counsel of the American Bankers
Association) in 1917.
g) Farnsworth, Frederick E., General Secretary, American Bankers Association, New York.
Letter dates February 4th, 1915.
620.2 Chamber of Commerce of the United States and International Chamber of Commerce,
American Section, one file, 1918-1928: 40
a) Barnes, J. H., on participating in a Rome meeting and sending a resolution on world
restoration in 1923, and sending a resolution endorsing the Experts' Committees' Reports in
1924.
b) Goodwin, E. H., on the Federal Reserve System's rate policy in 1921.
c) Gregg, John P., on Strong's membership in the International Chamber, in 1927 and 1928.
d) Miles, Basil, on Straight's death in Paris in 1918; on trip around the world with Strong in
1920; Japanese population and militarism in 1921; membership in the International
Chamber (with copies of speeches by Vissering and Lepreux (vice president of the National
Bank of Belgium)) on the stabilization of exchanges, gold standard and the gold exchange
standard at the Genoa Conference in 1922.
e) Oldaker, W. I., on membership in 1921; purposes and membership in the International
Chamber in 1927.
f) Quinn, C. J. C., on membership in the International Chamber in 1925.
g) Zapf, L. C., on membership in the International Chamber in 1922 and 1923; need for a
reparation settlement in 1923; and comment on the Experts' Reports in 1924.
620.3 Various other Organizations, two files, 1915-1921: 41
1) Dernberg, D., who was believed to be connected with Labor's National Peace Council and
the American Truth Society, on protest against American aid to the Allies, with various
40

There is some overlapping of the two Chambers. During the 1920's, Gregg, Oldaker, Quinn, and Zapf were on the staff
of the American Section, Miles served as American Administrative Commissioner in Paris and Barnes was on the
American Committee of the International Chamber of Commerce; Barnes and Goodwin served as president and vicepresident of the Chamber of Commerce of the United States of America. Earlier Miles had been with the latter and with
the state Department.

41

Men are listed here it these seemed to be full time positions of if others were not found.
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articles and statements, as by Lloyd George, Senator J. D. Works, and J. J. Arnold, and a
summary of Lord Reading's career, in 1915.
2) Others who were concerned with the Conference on Unemployment in 1921:
a) Dodge, Martin, of Merchants' Association and on the Committee on Unemployment
Statistics for New York City, asking for unemployment statistics in 1921.
b) McNaboe, F., of the National Emigration League, on unemployment problems in 1921.
c) Pack, Charles L., of American Forestry Association, on Strong's serving as a member of
the Unemployment Conference in 1921.
630.1 Manufacturing and Mining Companies, one file, 1913-1925: (In 1921 only on providing
unemployment statistics for the Conference unless otherwise indicated.)
a) American Can Co., 1921. Name of officer not given.
b) American Tube & Stamping Co., 1921. Name of officer not given.
c) Bedford, A. Cotton, of the Standard Oil Company (New Jersey), providing introductions in
1920; in 1921; on membership in the International Chamber of Commerce and its meetings
in 1922, in Rome in 1923, and in Brussels in 1925; and on reparation and debt work in 1924.
d) Cutler, Otis H., of American Brake Shoe & Foundry Co., on proposed Federal Reserve Act
in 1913.
e) Herrington, Cass E., of Colorado Fuel & Iron Co., on Senator Thomas' greenback ideas and
need for sound financial policies in the United States in 1917.
f) Johnson, George W., of Endicott Johnson Shoe Co., in 1921.
g) Lassiter, C. K., of American Locomotive Co., in 1921.
h) Mixter, G. W., of Pierce-Arrow Motor Car Co., in 1921.
i) Patterson, C. E., of General Electric Co., in 1921.
j) Pratt, Herbert L. of Standard Oil Company of New York, on providing introductions in 1920.
k) Reid, Daniel G., of United States Steel Corp. on dinner in Strong's honor in Denver, steel,
business, and Strong's health in 1917.
l) Ryan, John D., of Anaconda Copper Mining Co., on sharing with Strong the trip expenses
to Washington in 1914.
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m) Schwab, Charles M., of Bethlehem Steel Corp., on Harding memorial in 1923.
630.2 Transportation and Related Activities, one file, 1916-1925:
a) Burns, H., of Morse Dry Dock & Repair Co., on unemployment statistics for the Conference
in 1921.
b) Bush, Irving T. of Bush Terminal Co., on dinner for Charles E. Hughes in 1925.
c) Franklin, P. A. ,S., of International Mercantile Marine Co., on an introduction for Strong's
trip in 1916.
d) Holland-American Line, (name of officer not given) on delay in sailing in 1916.
e) Lack, Frederick, of Homeric, on traveling expenses in 1925.
f) Trumbull, Frank, of Chesapeake & Ohio Railway Co., (and chairman of the Railway
Executives' Advisory Committee of which Alfred P. Thom was counsel), on providing data
on maturing industrial and public utility issues (with copy of letter and tables from National
City Bank) in 1914;. on Vanderlip's and Trumbull's visit, government regulation of
railroads, preparing material for the Newlands Committee hearings, and effects of interest
rates abroad, in 1916 and 1917, with mention of various bankers, as O. H. Kahn, F. Strauss,
and H. P. Davison, and of W. Jennings Bryan's views on railway stocks.
g) Vogel, Martin, of Hudson & Manhattan Railroad Co., on Liberty Loan Committee's
expenses in 1921.
h) Wright, R., of American Express Co. in Paris, concerning freight charges on shipping gold
in Europe in 1919.
630.3 Selling and Related Activities, one file, 1914-1923:
a) Brooks Brothers, (name of officer not given) on J. F. Curtis' opening of an account in 1915.
b) Day, Joseph P., in real estate (and chairman of a subcommittee of the Committee of New
York Bankers) on trip to Washington to meet W. J. Bryan in 1914.
c) Hagen, T. H., of the Unit ed states Grain Growers Sales Co., on grain prices and loans, need
for cooperative marketing, and efforts of the Minnesota Farm Bureau Federation in 1922
and 1923 (with a copy of an address).
d) Hogan, E. J., in real estate and insurance, on J. F. Curtis' renting an office in 1919.
e) Reagan, James B., an importer, on sending basket to J. F. Harris in 1916.
630.4 Miscellaneous Business Activities, one file, 1914-1926:
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a) Dawes, Rufus C., of the Union Gas & Electric Co., on Schacht's speaking in Chicago in.
1925.
b) MacArthur, John R., of MacArthur Bros. Co., on meeting in Paris in 1919.
c) Miller, John B., of Southern California Edison Co., on national budgetary reform in 1919.
d) Redfield, William C., retired (but former businessman and Secretary of Commerce), on
price stabilization, with letter to Rep. James G. Strong in 1926.
e) Rorty, M. C., of American Telephone & Telegraph Co., on C. Snyder's memorandum on
foreign debts in 1922; establishment of the Economic Foundation through the National
Bureau of Economic Research (of which he was also president) in 1923.
640.1 Leffingwell, Russell C., partner in the firm, Cravath, Henderson, Leffingwell & de Gersdorff,
1920-1923, of New York City (between his time in the Treasury Dept., and that as member of
J. P. Morgan & Co.), one file, 1921-1923, on rate and credit policies after the war, silver
holdings, each other's speeches, and a recommendation that Strong become Secretary of the
Treasury in 1921 and Governor of the Federal Reserve Board in 1922; on National Budget
Committee (with copy of Leffingwell's letter to John Pratt) in 1923.
640.2 Pratt, John T., partner in Campbell, Harding & Pratt of New York City (and chairman of the
National Budget Committee), two files, 1919-1927, on need for national budgetary reform,
1919-1925, with printed letters and booklets, including "An Executive Budget System", in
1919; ending the National Budget Committee in 1925; and his widow's letter of appreciation
of the resolution in 1927.
640.3 Partners in White & Case, of New York City, one file, 1914-1920.
a) Walker, Roberts, on shipping charges in 1914, 1915, and 1918, for gold sent abroad on the
Tennessee in 1914 to aid Americans abroad.
b) White, J. duPratt, on charges for J. F. Curtis' services in connection with the proposed
Federal Reserve Act and the Congressional Finance Committee in 1914; and the Federal
Reserve Board's authority over discount rates in 1920, (legal opinion).
c) Case, George, Esq., November 1914.
640.4 Other Lawyers in New York City, one file, 1914-1927:
a) Bisbee, Eldon, of Rushmore, Bisbee & Stern (and counsel for the Cotton Loan Committee),
sending papers on the Cotton Loan Fund plan (not here) in 1914.
b) Chadbourne, W. M., of Chadbourne, Hunt, Jaeckel & Brown, on dinner for General Charles
G. Dawes in 1922, and Pratt memorial in 1927.
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c) Cotton, Joseph P., of McAdoo, Cotton & Franklin, on attending a National Budget
Committee meeting in 1921.
d) Davis, John W., of Stetson, Jennings & Russell in 1923 and 1924 and of Davis, Polk,
Wardwell, Gardner & Reed in 1927, on a system of domestic exchange control as in Great
Britain, France, and Germany in 1923; congratulating him on (Democratic) nomination to
the presidency and giving views on economic policies in 1924; on Pratt memorial (with
copy of resolution) in 1927.
e) Dulles, John Foster, of Sullivan & Cromwell (with American Commission to Negotiate
Peace in 1919), on necessary supplies for Germany (with copy of B. von Lersner's letter to
L. Loucheur) and Gunther's plan in 1919; and Dulles' invitation to Schacht in 1925.
f) Fuller, Paul, Jr., of Coudert Brothers, on a secretary for Strong's trip in 1919.
g) Stimson, Henry L., of' Winthrop, Stimson, Putnam & Roberts, on Pratt memorial in 1927.
h) Wickersham, G. W., of Cadwalader, Taft & Wickersham, (and chairman of National
Committee on American Japanese Relations) on efforts to oppose a bill to deny Japanese
the right of citizenship in 1924.
i) Larkin, Esq., Adrian of Messrs. Joline, Larkin & Rathburn, February 27, 1918. Marked
“personal.”
640.5 Lawyers in Other Cities, one file, 1914-1925:
a) Barlow, Robert S., of Hill & Barlow, of Boston, on J. F. Curtis' earnings, in 1914.
b) Fordyce, S. W., of Fordyce, Holliday & White, of St. Louis, on sending message to Schacht
in 1925.
c) Mansfield Esq., George A., Medford Oregon. Letter dated May 26, 1922
650.1 Fisher, Irving, Professor at Yale University, two files, 1917-1926, containing an exchange of
views on various means of credit price, and discount rate control during the war and postwar
years, and sending; copies of Fisher's article "Stabilizing the Dollar in Purchasing Power", and
his book Stabilizing the Dollar, with copies of press releases and memoranda which give many
others' views, such as Knut Wicksell's.
650.2 Kemmerer, Edwin W., Professor at Princeton University, two files, 1916-1926, on Strong's
speaking at Princeton and collecting foreign banking and currency material for a special
collection in 1916; with an extensive exchange of views in 1916 and for a time thereafter on
Federal Reserve operations and policies, on Kemmerer's book, The ABC of the Federal
Reserve System (for which Strong wrote an introduction), Prof. E. L. Bogart's views on war
financing, Kemmerer’s various foreign trips, including that in 1925 with Vissering to South
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Africa, to advise on its return to the gold standard; and Strong's contributions to the Princeton
Library. (Copies of two articles are included.)
650.3 Sprague, Oliver M. W., Professor at Harvard University, two files, 1921-1928, which deal with
discount rates and credit policy during the war and postwar period; they commented on
Strong's speech on Federal Reserve policies at the Harvard Business School, testifying before
the Royal Commission on Indian Currency and Finance in London in 1926, and Congressman
Strong's stabilization bill in 1927.
650.4 Other Professors and Academic Officials, one file, 1925-1929:
a) Butler, Nicholas M., President of Columbia University, on Pratt memorial in 1927.
b) Edwards, G. W., Professor at New York University, on an invitation to Schacht in 1925.
c) Garfield, H. A., President of Williams College, concerning Strong's address, “The Bank and
the Bankers" 42 (with copy of announcement of the 1914-1915 course), in 1915.
d) Gerould, James T., Librarian of Princeton University, on Strong's contributions to a finance
collection in 1926 and 1928; and on gift of Strong's bust in 1929 (correspondence with B.
Strong, Jr.).
e) Hibben, John G., President of Princeton University, on conferring a LL.D. on Strong in 1918
(with copy of citation); on need for two courses, public finance, and money and ba11king,
in 1919; and gift of Strong's bust to Princeton by his children in 1929 (correspondence with
B. Strong, Jr.).
f) Hollander, Jacob H., Professor at Johns Hopkins University, on Schacht's visit in 1925 and
payment for his services in testifying before the Royal Commission on Indian Currency and
Finance in 1926.
g) Patterson, Ernest M., Professor at the Wharton School of Finance and Commerce, University
of Pennsylvania, on Schacht's speaking there in 1925.
h) Richardson, E. C., Librarian of Princeton University, on acquiring material for a special
collection in 1918.
i) Sayre, Francis B., Assistant to the President of Williams College, on Strong's address as part
of Bok Lecture Course of 1914-1915 (with copy of a memorandum on the course's aim) in
1914 and 1915.
j) Williams, John H., Assistant Professor at Harvard University, on data on balance of
payments used in Williams' study in 1922.

42

A draft of this address is in 320.211.
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660.1 National Cyclopedia of American Biography, one file, 1924-1926; on supplying biographical
material on Strong:
a) Derby, George, asking for material in 1924 and 1925, which was supplied by Strong's
secretary and W. R. Burgess.
b) Kain, F. B., asking for Strong's picture in 1926.
c) Mackay, W. H., asking for material in 1924 and 1925.
d) Malia, Wm. H., asking Strong to renew preliminary proof in 1926.
660.2 Other Publishers, one file, 1915-1927:
a) Abbott, Lawrence F., of the Outlook Co., commenting on articles on income taxes and
Liberty Bonds in 1920 and 1921.
b) Bullen, Percy S., of Association of Foreign Press Correspondents in the United States,
inviting to a dinner in Lord Reading's honor in 1919.
c) Dunne, F. P., of Collier's Weekly, on preparing Liberty Bond articles, 1917-1919.
d) Fisher, Bud, of the New York World, on trip of 1920 to the Dutch East Indies and sending
picture of carved head in Bali, in 1924.
e) Garrett, Paul W., of the New York Evening Post, on Strong's entertaining Schacht in 1925.
f) Hammesfahr, A. C. G., of Collier’s Weekly, on war loan editorial in 1915.
g) Mark, H. E. of Doubleday Page & Co., on sending a copy of Willis' book, The Federal
Reserve System, in 1915.
h) Murfin, Howard J., of Associated Press, questioning purpose of Schacht's trip in 1925.
i) Noyes, A. D., of the New York Evening Post, on currency movements, chapters on financial
conditions in the world, and Strong's contributing to the annual supplement, 1917-1919.
j) Noyes, Frank B., of Associated Press and Washington Star, providing letters of introduction
for a trip to the Orient, as to Inouye, Fukai, Nishi, Shibusawa, and Megata in. Japan, Col. S.
P. Cheney in China, Sir L. N. Guillemard in Malaya, E. A. Zeilinga and K. T. Van den Berg
of' the Java Bank, Lords Ronaldshay and Reading, Sir George A. Lloyd, and W. H. Hailey
in India, with comments on these men, suggestions and recollections of his own trip in 1920,
in 1922.
k) Stowe, Beecher, of Doubleday Page & Co., commenting on Glass' book, An Adventure in
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Constructive Finance, in 1927.
l) Swope, Herbert B., of the New York World, on postwar conditions in 1923; and asking for
Strong's comments on B. M. Baruch's memorandum on war debts and reparations (copy
enclosed) and receiving Strong's comments, considered under moral, political, and
economic aspects, in December 1925.
m) Tomlinson, Paul G., of the Princeton University Press, on sending copies of Kemmerer's
book on the Federal Reserve System in 1918.
n) Wasson, R. G., of the New York Herald Tribune, on publicity on Strong's trip in 1925.
670.1 Brookings, Robert S., of the Institute for Government Research in Washington, one file, 1919,
on national budgetary reform, with memoranda "A National Budget System" and "A Budget
System for the War Department”.
670.2 Bullock, Charles J., Member of Committee on Economic Research (and a professor) of
Harvard University, two files, 1921-1927, on prices, Federal Reserve policy on government
security purchases, gold reserves and discount rates; Dawes Plan, Great Britain's return to the
gold standard, J. W. Angell's qualifications, J. H. Williams' estimates of balance of payments,
and copy of letter to W. Lichtenstein: and many discussions arranged (not covered in this
correspondence).
670.3 King, W. I., of the National Bureau of Economic Research, one file, 1921-1922, on Strong's
testimony on Federal Reserve policy before the Joint Commission of Agricultural Inquiry.
670.4 Knoeppel, C. E., of C. E. Knoeppel & Co., one file, 1921, on his report, "Stabilizing Industry,
Finance and Labor", for use at the Conference on Unemployment, with copies of various
comments.
670.5 Lindsay, S. McC., of Academy of Political Science, one file, 1913-1927, on proposed Federal
Reserve Act in 1913; use of funds in the stock market in 1913; inviting Schacht to speak in
1925; and Pratt's death in 1927.
670.6 Other Educational or Research Associations, one file, 1914-1925:
a) Alexander, M. W., of the National Industrial Conference Board, on Alexander's entertaining
Schacht in 1925.
b) Clark, J. B., of the Carnegie Endowment for International Peace, returning papers to Strong
in 1914.
c) McDonald J. G., of the Foreign Policy Association, on the Associations' entertaining Schacht
in 1925.
d) Moulton, Harold G., of Institute of Economics, (founded by R. S. Brookings) on attending
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Farmers' Conference, at which Dr. E. G. Nourse would be present, gold supplies, inflation,
and discount rates (with copy of' Moulton's letter to Kent reviewing economic conditions in
the past 8 years as well as in 3 earlier periods) in 1922.
670.7 Universities
a) Princeton University, Library of. Letter to Strong in November 1916 requesting
documents for collection; “The Benjamin Strong Collection of International Finance in the
Princeton University Library 1925-51, An Informal History” by Laura S. Turnbull, Curator,
1952.
b)Yale University. Letter from Charles Seymour, Office of the Provost dated July 1928
regarding papers/letter of Colonel E. M. House
680.1 Howe, Stanley H., Director of' Organization, National Budget Committee two files, 19201922, on government reorganization (with a memo on the problem involved), legislation,
responsibility for a Budget Bureau (with letters of staff' members, H. H. McMahon, F. L. Jones,
E. P. Beach and D. Appleton).
680.2 Strauss, Manny, Chairman of the Finance Committee of the National Budget Committee (and
in 1927 president of International Industrial Consultants, Inc.) one file, 1921-1927, on
contributions and meetings of the committee, 1921-1922; and Pratt memorial in 1927.
690.0 Miscellaneous, one file, 1918-1926:
a) Barney, Mrs. Charles T., giving suggestions and introductions for her trip with Mrs. S. White
to the Orient and recalling his own trip in 1920, in 1923.
b) Belmont, Mrs. August, on speaking at the Liberty Loan Committee's meeting at Carnegie
Hall in 1918.
c) Felder, Thomas. J., on seeing in Paris during 1919 trip.
d) Hays, Hill H., of Motion Picture Producers & Distributors of America, on Germany's
restriction on the importation of foreign films, German payments problems, and Germany's
and other countries' economic problems, in 1925, and recommending V. Murphy as Federal
Reserve Agent in 1926.
e) Jones, Jesse H., director of General Military Relief of the American Red Cross, on Strong's
and Wilson's speeches at the Liberty Loan Committee's meeting at the Metropolitan Opera
House in 1918.
f) Jones, John Price, of John Price Jones Corp., on expenses of the National Budget Committee
in 1921.
g) King, John W., an Iowan farmer and Farm Bureau member, corresponding from 1922 to
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1925 on agricultural problems, extension of credit to agriculture, taxes, tax-free bonds, and
the Federal Reserve System.
h) Paine, Albert P., (who in 1919 was planning to write a biography of George F. Baker), on
Strong's acquaintance with Baker in the past 15 years and reviewing the latter's, J. P.
Morgan's and J. Stillman's efforts to aid the Trust Company of America during the panic of
1907 and Baker's service on the Committee of Bankers in 1917 to raise funds and provide
loans for the government, in 1919.
i) Pratt, Mrs. John T., active in the Republican National Committee, commenting on the
Committee's questionnaire on banking and currency and reviewing at length financial and
economic conditions since 1914 (in a memorandum which could be shown also to W. H.
Hays and Ogden Mills (similar to that sent General Wood), in April 1920.
j) Sullivan, Mark, an author and journalist, on Strong's dinner for Schacht in 1925.
797.01 Reparations, Strong-Logan Correspondence, May-Aug 1921.
797.02 Reparations, Strong-Logan Correspondence, Sep-Dec 1921.
797.03 Reparations, Strong-Logan Correspondence, Jan-Mar 1922.
797.04 Reparations, Strong-Logan Correspondence, Apr-Aug 1922.
797.05 Reparations, Strong-Logan Correspondence, Sep-Dec 1922.
797.06 Reparations, Strong-Logan Correspondence, Jan 1923.
797.07 Reparations, Strong-Logan Correspondence, Feb-Sep 1923.

*NOTE: the File series 797 continues with files “The Reparation Commission, May 1925Aug.1930” and “The Reparation Commission, Oct 1919-Apr. 1925.” These files are not specific to
Benjamin Strong.

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1000.1 Strong's Trip to Europe, one file of memoranda and correspondence, May and June 1914: 43
a) Strong, then president of Bankers Trust Company, prepared memoranda of discussions in
London, Paris, and Berlin, May 28 - June 13, 1914, (which were typed by John H. Lewis),
with leading bankers on the feasibility of his bank's opening officers there, such as those of
other leading trust companies, Guaranty, Equitable, and Farmers Loan. He also discussed
the handling of American and other stocks and bonds, such as those of the St. Louis & San
Francisco Railroad Co., American travelers' needs, and the effect of the passing of the
Federal Reserve Act and of the organization of the Federal Reserve System on the American
credit situation (as well as the selection of officers, such as P. M. Warburg for the Board
and F. I. Kent for the New York Bank), the American tariff, Irish disturbances, the Mexican
war, danger of war in Europe, banking in the three European countries, the Bank of
England's management and gold reserves, and the gold stocks of the Imperial Bank
(Reichsbank) and the Bank of France. Various bankers indicated the situation might
become acute if French peasants believed defaults might occur on payment of interest on
their investments. In London there was also discussion of Union Oil Co.'s difficulties, in
which R. Tilden-Smith, A.M. Grenfell, and General Petroleum were involved.
In London Strong talked with F. E. Williamson of the British-American Mortgage Co., Sir
Edward Speyer of Speyer Bros., Sir Edward H. Holden of London. City & Midland Bank,
Edward Grenfell. and Vivian H. Smith of Morgan, Grenfell & Co., Frank Anderson of the
Bank of California, the partners of Bourke, Schiff & Co., Stevenson of Lloyds Bank, H. A.
Vernet of Robert Benson & Co., Charles Gow of London Joint Stock Bank, Ltd., Robert C.
Wyse of the London office of Guaranty Trust Co., and Buchanan of the London office of
Credit Lyonnais.
In Paris he talked with H. Harjes of Morgan, Harjes & Cie., M. Lewandowski of Comptoir
National d'Escompte de Paris, Robert Masson of Credit Lyonnais, Furlaud of Dupont &
Furlaud, Turrettini of Banque de Paris et des Pays Bas, and Aubert of Le Figaro 44 and J.
Stillman at the latter's home.
In Berlin Strong talked with Hugo Schmidt, Paul M. Hermann, Alfred Blinzig, Bergmann,
and Arthur Von Gwinner of the Deutsche Bank, H. Winterfelt of Nationalbank fur
Deutschland, Carl L. D. Von Berger of Direction der Disconto Gesellschaft, and Hjalmar
Schacht of the Dresdner Bank. (Strong then went to Amsterdam and to London, where he
met Fred I. Kent before sailing back to the United States in the latter part of June.)
b) Copies of memoranda, made for Kent's use, with the exception of the Speyer Bros.
interview, and the Union Oil Co. memorandum
43

Strong's method of reporting his trips included writing both memoranda of conversations and letters to key officials in
the United States, as those in Bankers Trust Co. in 1914, and Federal Reserve officers and government officials thereafter.
Those of his letters that pertained largely to American matters as well as those written to -him are located in his
correspondents' files. Since there was often a mixture of domestic and foreign, both Trip and correspondents' files should
be searched to ascertain all Strong's views on foreign conditions during his trips.
44
It has been impossible to ascertain Aubert's first name. At this time there was much concern – not mentioned by Strong
– over Mme. Joseph Callaux's shooting Gaston Calmette, an editor of Le Figaro.
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c) Letters and a cable to Daniel F. Pomeroy and F. I. Kent, _May 29-June 13, 1914, in which
Strong included many of the observations given in the memoranda as well as others on the
French political situation under President Poincare.
1000.2 Strong's Trip to Great Britain and France, Feb. 2 – Apr. 4, 1916, four files:
1) Strong kept an itinerary (Feb. 11 – Mar. 30) and a diary, (Feb. 11 – Apr. 3, 1916), of the trip
which was for the purpose of ascertaining the method for the Federal Reserve System to use
in carrying out its foreign business after the end of the war. He had interviews with many
government and banking officials, as a result of letters of introduction (including those to
American ambassadors, Walter H. Page in London and W. G. Sharp in Paris) and of contacts
made during visits to the United States. These interviews included those with Reginald
McKenna, Lord Kitchener, Lord Reading, Sir Basil Blackett, Sir Edward Holden, and Baron
Edouard de Rothschild. The most important of his banking contacts were those with the
partners of Morgan, Grenfell & Co., in London and Morgan, Harjes & Cie., in Paris.
After the week of preparatory talks in London, Strong went to France where he visited James
Stillman and met Governor Pallain, Deputy Governor Sergent, and Secretary General Picard
of the Bank of France. He discussed with these French bankers a plan of cooperation or
agreement between the two institutions. Then on Mar. 5 he returned to London, where he
talked with Governor Cunliffe, Deputy Governor Cokayne, and Montagu Norman of the
Bank of England about a plan of cooperation.
In both countries, he observed wartime conditions and gathered information about banking
methods, such as on the acceptance business in London, London clearing house operations,
country check collections, check collections in London and Paris, and eligible bills in Paris.
He stayed out of the controversy as to whether the United States should give aid to and enter
the war on the side of the Allies.
This diary, dictated to H. D. Burrell of Bankers Trust Co., is on various types of paper.
Included with it are various memoranda on banking methods, such as on commercial credits
by Harjes. Strong was accompanied during much of the trip by John F. Harris.
2) Strong made some corrections on a carbon copy of the above diary, apparently in
anticipation of a narrative account of the trip. (Ten pages of the corrected diary covered
Feb. 25-29, 1916, and were added to the files in 1961.)
3) Strong failed to complete the narrative. 45 The account starts on Feb. 2 and ends on Feb. 29,
1916, containing at times more details about European conditions, meetings, and travel
difficulties than the diary gives. (Included are copies of the itinerary, Strong's letter to
Governor Pallain, on Feb. 26, 1916 and a memorandum for the latter.)

45

The portion covering the remainder of the Trip is not in the Strong Papers and has not been located at the Bank.
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4) Strong sent eleven letters and seventeen cables to Pierre Jay in New York during the period,
Feb. 13 – Apr. 14, 1916, reporting to some extent the material in his diary.
1000.3 Strong's trip to Europe, July 21 – Sept. 20, 1919, two files:
1) Strong kept a journal of 115 pages as well as copies of three memoranda and a draft scheme
for the rehabilitation of economic life by an International Trust. He was accompanied by F.
I. Kent and Harold Vaughan. To the latter who served as his secretary, Strong seems often
to have delayed dictating the day's events as there are duplications and errors in the dates.
In London, P. Ericson also served as a secretary.
Strong recounted in some detail his meetings with prominent bankers (including Cokayne
and Norman of the Bank of England, Pallain of the Bank of France, Vissering of the
Netherlands Bank, and Van der Rest of the National Bank of Belgium), government
officials, and others in London, Paris, Brussels, and Amsterdam, as well as with Americans
abroad in connection with the American Commission to Negotiate Peace and the American
Relief Administration (which Hoover headed). He took a motor trip through the devastated
regions of France and Belgium. He was concerned about war debts, reparations, credits 46
and loans for rehabilitation or recovery, and other aspects of the postwar economic situation.
In addition, Strong arranged to have German gold, which had been used to pay for food
supplies, shipped from Brussels and Amsterdam to London to be earmarked for his Bank’s
account with the Bank of England. Strong was informed about British efforts to curtail
Indian gold demands; for a time he considered a trip to Constantinople.
2) Strong's cables and letters (about 70 in all) to W. P. G. Harding, P. Jay, R. H. Leffingwell,
F. Polk, and R. H. Treman, July 22 – Sept. 19, 1919, cover much that was in his journal.
They include a memorandum of Aug. 30, 1919, sent with a letter to Leffingwell (as well as
incorporated into a separate cable), of Strong's summary of his impressions and conclusions
from discussions which he thought should be considered by the United States Government.
1000.4 Strong's Trip around the World, Apr._1920 – Jan. 1921, five files. 47 This trip, taken during a
leave of absence from the Bank, to regain his health, was not therefore on Bank business,
although he did see central bank officials as well as government officials in several countries.
Strong was accompanied by his son, Benjamin Strong, Jr., and Basil Miles.
1) and 2) Strong's visit to Japan, May – Aug. 1920, was covered to some extent in his speeches
on American and Japanese war and postwar conditions, notes on the country (including
various drafts and memoranda), and six letters to P. Jay and two to J. H. Case, in which he
commented on talks with government officials and men at the Bank of Japan, Vanderlip's

46

Some of these credits might be arranged through the War Finance Corporation and the United States Grain Corporation.

47

Since this was not a business trip, Strong did not have secretarial assistance at the time to record his impressions; his

letters are handwritten. This trip, at a critical time in the United States as well as in other countries result in a gap in data
concerning Strong's views which can be filled only partially by later correspondence.
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and Kingsley's statements on Japan and China, and Leffingwell's stand on discount rates. 48
3) Strong's visit to the Dutch East Indies in Sept. 1920 was only partially covered. In this file
are materials for the period, Mar. – Sept., which included letters of introduction, such as to
E. A. Zeilinga, President of the Java Bank, trip arrangements with letters from Zeilinga and
L. Price of the Bombay Java Trading Co., the local agent of the Kertasarie Tea Company,
and a letter to J. H. Case. Strong talked with various government, banking and trading
officials and visited various areas. Also included are a memorandum on prices, an annual
report of the Kertasarie Tea Company, and computations of Dutch, Philippine, and Chinese
exchange rates.
4) Strong's visit to Malaya, Burma, and India in Oct. – Nov. 1920, was also only partially
covered by various types of material. This included letters of introduction, such as to Lord
Ronaldshay, Governor of Bengal, invitations and arrangements involving various people,
as W. R. Goulay, William H. Hailey, Sir George A. Lloyd, Sir Charles C. Munro, and Lord
Reading in India, calculations of the Indian exchange rates, and a memorandum by M. M.
S. Gubbay on the probable effects of inconvertibility, exchange of letters about Malayan
trip with L. Bisgaard in Siam, four cables to P. Jay, and a letter to W. P. G. Harding, in
which he commented on Indian conditions and on supplying silver to India by the United
States through the Pittman Act, March 1920 – February 1921. 49
5) Strong's visit to France and Great Britain in Dec. and Jan. 1921 was even less well covered
than earlier parts of this world trip. The material, written between Dec. 6, 1920 and Jan. 5,
1921, included letters from two trip acquaintances, two cables from Paris, seven cables from
London, and four letters to P. Jay from London, confirming cables sent and received. In
these cables are comments' on the Bank’s discount policy – after consultation with Norman
– and on the proposed amendment to the Act relating to the powers of the Board and Federal
Reserve Bank building, and one cable to Case on sailing for home on that day. 50
1000.5 Strong’s Secret Trip to London and Paris, Apr. – May 1924, one file, containing three letters
to Jay, drafts of a cable to Secretary of State Hughes on the distribution of German payments
under the Dawes Plan, and of memos on question of relation of war debts to the United States
and the Dawes Plan and on American claims against Germany (by Leon Froser). Strong
summarized conditions in Great Britain, France, and Germany as a result of talks with various
men, including Norman, Niemeyer, Hawtrey, Kindersley, and O. D. Young; he was
particularly concerned about the Dawes Plan (and a return to the gold standard).
1000.6 Strong's trip to Europe, July – Sept. 1925, two files containing nearly 50 summaries of
conversations, letters, and cables to Case, Harrison, and Jay of the New York Bank, W. W.
48

Strong's correspondence with various government officials and bankers in Japan, which was to some extent continued

after his return, has been placed in other files.
49

This material is difficult to describe since many of the signatures are not legible. Only the correspondence with Bisgaard

and Harding gives any description of any part of the trip.
50

This material is important only as it relates to Strong’s views on policy and his collaboration with Norman.
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Stewart of the Federal Reserve Board, and Mellon and Winston of the Treasury Department.
Strong was accompanied by Stewart, his daughter, Mrs. Katherine Hymphrey, and his
secretary, Miss M. Bleecker.
1) From July 7 – July 29, Strong reported his visits to London, Berlin and Brussels (with
Norman) and the Spa in Belgium, where he talked with various government officials and
central bankers, including S. Baldwin, Norman, Luther, Stresemann, Schacht, Gilbert, and
Hautain (of the National Bank of Belgium). They were concerned about debt settlements,
reparation payments, the gold standard, gold reserves, and a possible central bank meeting
as called for by the Genoa Conference of 1922.
2) From July 30 – Sept. 21, Strong reported further discussions with central bankers and
government officials, including Norman, Gilbert, Robineau, J. Simon, Caillaux, Bachmann
(of the Swiss National Bank), and Mylnarski (of Bank Polski) during time about equally
divided in stays in Biarritz, Paris, and London (with a brief trip to Basle), on discount rates,
gold reserves and exports, and debt settlements. He was particularly concerned about
French conditions which he reported at length to Mellon on Sept. 21, a few days after his
return. Strong also sent to the Bank copies of British and German newspaper comments on
his and Norman's visit with Schacht and on German borrowing.
1000.7 Strong's Trip to Europe, May – Sept. 1926, two files, containing 80 summaries of
conversations, memoranda on conditions in France by R. B. Warren, the latter's letters to
Strong, and Strong's letters to Case, Harrison, Jay, Mellon, and Winston. 51 In addition to
Warren, Strong was accompanied by O. E. Moore as secretary.
1) Memoranda and letters, May 2 – July 18, covered Strong's various meetings and reports of
changes in European conditions while he stayed in London, May 2 – 15, Paris, May 16 –
20, Rome, May 22 – 20, and the Antibes, June 3 – July 18, and Warren remained in Paris
from May 16 on. Strong was concerned with his, Sprague's and Hollander's testifying on
the advisability of a gold standard for India (utilizing materials prepared by W. R. Burgess
in consultation with several others) before the Royal Commission on Indian Currency and
Finance, differing from the position taken by Basil Blackett. 52 He reported also the British
general strike, stabilization plans for Belgium, Italy and Hungary, and the French critical
situation. He conferred with many government officials and central bankers including
Norman, and Osborne of the Bank of England, Robineau of the Bank of France, Stringher
of the Bank of Italy, Ambassadors Houghton and Phillips, Jean Parmentier, Finance
Minister Peret, Prime Minister Mussolini of Italy, and American Treasury officials, Mellon
and Winston.
2) Memoranda and letters, July 20 – Sept. 14, concerning Strong’s meetings, and development
51
The material in the Strong Papers concerning the Trip of 1926 is far from complete. While in an unsigned letter to O.
E. Moore it was stated that the intent was to keep all material relative to conditions abroad together, some of the
memorandum were removed by O. E. Moore in Dec. 1927. It appears that there is much material, not in the Strong Papers,
in special confidential files in the Correspondence Files.
52

No details on Strong's testimony are given here. See pages 293-396 in Interpretations of Federal Reserve Policy.
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of a French stabilization program while he stayed in Paris, July 20 – 25, 28 – 31, Aug. 23 –
Sept. 8, and paid briefer visits to Dinard, July 25 – 27, Amsterdam, Aug. 1 – 11, Basle, Aug.
13 – 17, Evian-les-Bains, Aug. 20 – 22, and London, Sept. 8 – 18. Besides the French
problems, he was concerned also about Polish and Belgian stabilization, a loan to Bulgaria,
the Reichsbank's foreign balances, discount rates, war debts, debt agreements and debt
payment policies, reparations, American agricultural problems, and Intermediate Credit
Banks. Strong conferred also with Moreau, Quesnay, Rist, Gilbert, Mellon, Norman,
Bachmann, Schacht, Vissering, Francqui, Delacroix, Ter Meulen, Prof. G. Jeze, and A.
Ivanoff of the National Bank of Bulgaria, Warren also attended meetings with the Bank of
France officials during July and Aug. and remained in Paris while Strong went to
Amsterdam.
1000.8 Strong's Secret Trip to London in December 1927, one file of four memoranda covering
discussions December 12 – 21. 53 Two covered discussions on December 12 and 13 on the
program of Italian stabilization with President Bonaldo Stringher, Prof. Alberto Beneduce, and
Dr. Nathan for the Bank of Italy, Norman and Siepmann for the Bank of England, and Strong
for the Federal Reserve System. Strong wrote frankly concerning the discussions on the
program, including Italian conditions, the budget, government debt, gold and foreign exchange
reserves, and a need for a credit from central banks as well as private bankers (led by J. P.
Morgan's, Hambro's, Baring's, and Rothschild's) as well as the personality of the three Italians.
Morgan's representative in Italy, G. Fummi, was also present at some of the talks. One issue
was the stabilization rate, Norman urging a higher one than favored by the Italians, including
Mussolini and Volpi. Another memorandum covered discussions from December 12 to 19 on
programs in other countries, mainly, on Portugal, for which R. H. Brand of Lazard Brothers
suggested the advisability of a League of Nations' program, and also briefly, on Greece,
Bulgaria, and Spain. The fourth memorandum pertained to the effects of the American
government loan to Greece.
1000.9 Strong's Trip to Europe, May 21 – July 8, 1928, one file, containing 14 memoranda of
conversations and letters to Harrison, McGarrah, Case, and Burgess (with a message
exchanged between Morgan & Cie. and J. P. Morgan & Co. on Dr. Edouard Rist's report on
Strong's health, and a copy of the Bank of France's statement on Strong's contribution to French
stabilization). O. E. Moore served again as Strong's secretary. 54
Strong conferred with central bankers and others during his stay, which was confined entirely
to France except for a brief trip to Geneva. He remained for a week in Paris, about a month in
Grasse and another in Evian-les-Bains. (He sailed for the United States on Aug. 1.) Many
talked with him, including Norman, Lubbock, and Stewart of the Bank of England, Moreau,
Rist, and Quesnay of the Bank of France, and Salter, J. Avenol, Per Jacobsson, and Alexander
53

From cables exchanged between Harrison and Norman in December 1927, it has been found that Strong was

accompanied by W. W. Stewart, who was going to London to be an advisor at the Bank of England, and O. E. Moore as
secretary.
54

Just why Strong did not keep letters written to the United States after July 8, 1928 in his files has not been ascertained.

During July he did write several more to officers of the New York Bank.
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Loveday of the League of Nations. They considered a wide variety. of problems, such as
stabilization programs in various countries, as Romania and Yugoslavia (both of which
intensified the friction between the French and the British Banks), French stabilization
progress, large French holdings of sterling, (which threatened the gold standard in Great
Britain), the British Currency and Bank Notes Bill, the French debt to the United States,
American stock market speculation, British conditions, and the gold study of the League of
Nations. (Included in this material are reports of conversations with Norman which revealed
some of the difficulties of working with him.)
1010.1 League of Nations, one file, 1920-1923, of various reports sent by Blackett, Gilbert, Janssen,
Logan and Norman: 55
a) Recommendations of the International Financial Conference held at Brussels in 1920 (a
summary sent by Gilbert, Dec. 5, 1921).
b) Report on Financial Restoration of Austria, with Annexes, May 31, 1921, of Financial
Committee of Provisional Economic and Financial Committee; and Report of the
Commission of Enquiry in Vienna, Finance Section of the Provisional Economic and
Financial Committee, with Annexes, (Apr. – May 1921) (sent by Blackett, May 31, 1921).
c) Exchanges (Stabilization of) an address by Sir H. Strakosch to the Second Assembly of the
League of Nations on the work of the Financial Committee, as reported by the Financial
News (London), Sept. 26, 1921 (sent by Gilbert, Dec. 5, 1921).
d) Report of the Financial Commission (II), International Economic Conference of Genoa,
Apr. 1922 (probably sent by Blackett, but stamped British Empire Delegation).
e) Note on the Plan for an International Clearing House, by A. E. Janssen, Financial Section,
Provisional Economic and Financial Committee, Apr. 8, 1922 (sent by Janssen, June 19,
1922).
f) Austria, Resolution (on Reconstruction) adopted by the Council, October 4, 1922. (sent by
Norman, Nov. 2, 1922) with protocols, annexes, and Financial Committee's reply to
questions.
g) Reconstruction of Hungary, Financial Committee, Nov. 30, 1923, (sent by Logan, Dec. 14,
1923).
1011.1 Logan, James A., Jr., Unofficial American Delegate, Reparation Commission, League of
Nations, two files, 1923-1924. During 1923 Logan wrote at length on the crisis following the
occupation by French and Belgium forces of the Ruhr, giving the views of leading government
officials. In 1924 he considered the progress of the Dawes Plan and the possibility of his being
chosen Agent General, including copies of letters to Sir John Bradbury and L. Barthou and

55

Contrary to the usual practice, these reports were placed together here and not according to the person who sent them.
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annexes on German conditions and Allied reparations. While in 1923, when Strong was ill
and away from the Bank, his secretary acknowledged Logan's letters, in 1924 Strong wrote
several letters, discussing Governor Harding's qualifications for the League position in
Hungary and his views on reparations for use by O. D. Young in his work on the Dawes Plan,
as well as the American position on German claims and Allied debts, his brief trip to Europe
(during which Strong stayed far a time with Logan in Paris), the Democratic Convention, his
conferring with Mellon, Hughes, Hoover, and Young, the selection of an American for Agent
General, the Dawes loan, and the need for a gold basis for German currency.
1011.2 Logan, James A., Jr., one file, 1923, containing various proposals and speeches concerning
German reparation payments and Hungarian conditions referred to in his letters (See also
797.01-.06 for Strong-Logan Reparation Correspondence, 1921-23):
a) Proposals from the German Government concerning Germany's reparation obligations,
(Annex 1834 a-e) with French reply to the Italian note in May 1923 (of which two were by
Poincare and Mussolini).
b) Annex I of the Belgian proposition of Apr. 24, 1923.
c) Speech of Hungarian Prime Minister, Count Bethen, before the Reparation Commission
(Annex 1835a) reviewing conditions and asking for aid.
d) Replies to proposals to settle Reparation Commission problems by British, French and
Belgian governments; and British, French, Italian, and Japanese notes, June – Aug. 1923.
(One of these was signed by Lord Curzon.)
e) Views of Leon Delacroix on disarmament, 1923.
f) Speech in Parliament on German reparation payments by Stanley Baldwin, July 12, 1923.
1012.1 Gilbert, S. Parker, Agent General for Reparation Payments, 1922-1930, two files, 1922-1926,
concerning German borrowing and spending, American policy on loaning, payments under the
British Recovery Act, meeting during Strong's trips to Europe in 1925 and 1926, Schacht's trip
to the United States in 1925, on a plan for German borrowing, offer of a position to Case and
Jay, with copies of letters and cables sent to Norman, Niemeyer, McGarrah, Kellogg, Mellon,
and Winston, and of memo received from L. Fraser, of extract of Transfer Committee minutes,
and of extract of State Department letter to banks on German loans. ***Addition: Letter dated
10/20/1922 from Strong to Gilbert.
1012.2 Gilbert, S. Parker, two files, 1927-1928, on reparation payments, German borrowing and
spending, Schacht's personality, possible final settling of reparation problem, with a copy of a
memorandum for the German government on the dangers of current fiscal and financial
conditions and of a speech by Chancellor Herman Mueller in July 1928.
1012.3 Jay, Pierre, Deputy Agent General for Reparation Payments, 1927-1930, two files, 1927-1928,
on Strong's health, stabilization progress, the gold exchange standard, summary of the central
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bankers' meeting in the United States with Norman, Schacht, and Rist in July 1927, discount
rates, French holding of foreign exchange and gold, German budget, borrowing, and spending,
and need for a final reparation settlement, with mention of Strong's trip to London on Italian
stabilization, Roy Young's selection as Board chairman, and Congressman Strong's committee
hearings (with copies of German newspaper articles). After Strong's death, Jay wrote
Benjamin, Jr., about his father's courage and ability as shown during his illnesses as well as
when reporting the first Governors' Conference in 1914, testifying before Congress, and
establishing relations with foreign government officials and bankers, such as Volpi of Italy,
Moreau of France, and Schacht of Germany.
1012.4 Morgan, Shepard A., staff member of the Office of Reparation Payments and the Transfer
Committee, two files, 1924-1928, commenting on the major problems of German borrowing,
spending, and reparations, his opinion of Schacht and his policies, Strong's trip plans, 19251928, Schacht's trip to the United States in 1925, American stock market speculation, and gold
exports.
1012.5 Others serving on Committees set up by the Dawes Plan, one file, 1924-1926:
a) Cooke, W. P., on meeting with Strong in Paris in 1926.
b) McGarrah, Gates W., .American member of Reichsbank's council, commenting on other
officials, the gold basis for the Reichsbank, German borrowing in 1924; and a meeting of
the American Institute of Banking, with copies of Gilbert's letter to Norman, and to
McGarrah, Schacht's speech at Karlsruhe, and Finlayson's memo for Lord D'Abernon on a
conversation with Schacht on the latter's policies, in 1925; and attending an American
Institute of Banking meeting in 1926.
c) Sterrett, J. E., on Sterrett's luncheon for Schacht during his trip to the United States in 1925.
1012.6 Transfer Committee for Reparation Payments, one file, 1926-1928, of various documents sent
to Strong by Gilbert and others:
a) International Payments resulting from the war, by the Economic Service, Dec. 10, 1926.
b) Jurisdiction and Activities of the Advisory Office for Foreign Loans, (a translation of a
memorandum by the German Finance Minister), by the Economic Service, Jan. 30, 1927.
c) The Dawes Plan in Operation, by Dillon, Read & Co., Nov. 23, 1927.
d) Memorandum on views (on reparation payments under the Dawes Plan and need for a final
settlement) at Meeting, Jan. 14, 1928, by S. P. Gilbert, Feb. 24, 1928.
1015.0 Bellerby, J. R., of International Labour Office, one file, 1923, asking for information in
connection with a study of the regulation of credit and currency as means of stabilizing
production and employment and suggesting various control measures as well as noting views
of Keynes, Foster, and Catchings.
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1111.1 Blackett, Sir Basil, with British Embassy in Washington in 1918, Under Secretary of State for
India in 1919, British Member of the Financial Commission of the League of Nations in 1921,
and Financial Member of Council of India, 1923-1928, two files, 1918-1928, on the seventh
German war loan (a memorandum) in 1918; data on interallied loans (a memorandum), and a
budget system for the United States, American inflation in 1919; American publication of
statistics in 1921; Baldwin's and Norman's visit to settle the British debt, and on the Indian
budget (with a copy of Blackett's speech) in 1923; material for the Princeton collection, India's
conditions., Britain's return to the gold standard in 1924; commenting on work of the Royal
Commission on Indian Currency and Finance in 1925-1927 and Strong's, Norman’s and
Blackett's views on a gold standard for India; Indian and British conditions in 1927; the Gold
Standard and Reserve Bank of India Bill (a copy sent) in 1928, and ending with a letter than in
Sept. Blackett was on his way to see Strong.
1111.2 Hailey, W. H., Financial Member of the Council of India in 1921-1922, Home Member in
1923, and Governor of the Punjab in 1924, two files, 1921-1924, commenting on conditions
in India, Great Britain, and the United States, with mention of Lord Reading's efforts in India
and of the non-cooperation of Gandhi and his followers.
1111.3 Other British Officials, one file, 1914-1928:
a) Acheson, 56 in the War Office, trying to get together in London in 1916.
b) Bryce, Lord (James Bryce), member of House of Lords, 1913-1922, inviting Strong to lunch
in London, on peace efforts, Stowell’s book, The Diplomacy of the War of 1914, and policy
of "coventry" in 1916; effect of women's votes on Wilson's election, in 1916 and 1917;
regional variations in war sentiment in 1917; American war efforts, and contributions to the
Red Cross and the British + Foreign Sailors' Society in 1918.
c) Consul General in New York, on visaing his and Vaughan's passports in 1919.
d) Crauford-Stuart, C. K., of Foreign Office, arranging transportation for Strong in 1919.
e) Grey, Lord (Sir Edward Grey, known also as Grey of Fallodon), Temporary Ambassador to
the United States in 1919, on meeting in New York in 1919; desire for meeting from 1925
to 1927; and Strong's comment on his trip of 1926, including his testifying before the Royal
Commission on Indian Currency and Finance, and subsequent illness, in 1927.
f) Lever, Sir S. Hardman, in the British War Mission of the Treasury, on the Bank of England's
handling of war bonds (in Jay's memorandum of his conversation with Lever) in 1917; and
on trip arrangements for Strong in 1919.

56

First name has not been ascertained. (He might be James Glasgow Acheson who was in the Indian Civil Service at the

time.)
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g) Paish, Sir George, Representative (with Blackett) of the British Treasury in 1914 (and with
the Statist), on meeting during his visit to the United States and returning with Davison and
James Brown to London to continue discussions of the Gold Fund and American and British
credits to stabilize the exchanges, in 1914; and meeting with Strong in London in 1916.
h) Reading, Lord (Rufus Daniel Isaacs), Lord Justice, 1913-1921, Special Ambassador to the
United States, 1917-1919, and Governor General of India, 1921-1926, inviting Strong to
dinner in March 1916; introducing C. A. Johnson, joining the Allies, recalling the AngloFrench mission for a loan in 1915, which Joseph Choate aided, and Reading's addressing
the Liberty Loan meeting at Carnegie Hall in 1917; Reading's return to Great Britain and
gift of a photograph in 1919; introducing Mrs. C. T. Barney and Mrs. S. White and
congratulating him upon addition of Basil Blackett to his staff, in Jan. 1923.
i) Tyrrell, Sir William George, in the Foreign Office and Ambassador to France in 1928,
providing introductions for Strong's trip around the world and Strong's recounting his trip
into old Mexico, in 1920; on prospect of meeting with Lord Grey in 1925; and on Tyrrell's
new post in 1928.
j) Young, E. Hilton, Chairman of the Royal Commission on Indian Currency and Finance,
congratulating Strong on his testimony in 1926; on Strong's illness and effect of a gold
standard in India, in 1927.
1112.1 British Partners of Morgan, Grenfell & Co., one file, 1914-1926:
a) Grenfell, Edward C., (also a director of the Bank of England), on the British payments
moratorium in 1914; acceptances and bills in Great Britain and the United States in 1915;
on trip and amendment to the Federal Reserve Act in order to buy bills in London, with
maturity of 90 days, plus 3 days of grace, in 1916; and trip arrangements in 1919 and 1920
(with copies of some cables exchanged with J. P. Morgan & Co.)
b) Whigham, Charles F., on trip arrangements, Strong's discussions in Italy, and Volpi's in
Paris in 1926 (with some letters sent by C. R. Jeeves).
1112.2 British Bankers who were also directors of the Bank of England (all those except Grenfell and
governors and deputy governors), one file, 1920-1927:
a) Addis, Sir Charles, Managing Director of the Hongkong and Shanghai Banking Corp., on
providing introductions for the Far East for Strong in 1920; on Norman's and Addis' visit
and latter's inaugural address at the Institute of Bankers with comments on the Cunliffe
Committee's reports and its recommendations concerning return to the gold standard (with
copy of address) in 1921; testimony of Strong and John S. Williams (former Comptroller of
Currency) before Sydney Anderson's Joint Commission of Agricultural Inquiry, in 1922; on
R. MacDonald's book and Strong's importance to British-American relations, in 1924;
Britain's return to the gold standard in 1925; and Strong's health in 1926 and 1927.
b) Kindersley, R. M., Governor of Hudson's Bay Company, inviting Strong and Norman to
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dinner in 1920; introducing P. Jay and commenting on British conditions in 1921.
c) Peacock, Sir Edward, of Baring Brothers, on problem of Bank of England governorship,
working with Norman, and recommendations that Norman continue to serve with Lubbock
as deputy governor in 1926.
d) Tiarks, Henry F., of J. Henry Schroder & Co., on Baron Bruno Schroder’s dining with
Schacht in New York, in 1925.
1112.3 Other British Bankers, one file, 1914-1928:
a) Balfour, Sir Robert, of Balfour, Williamson & Co., on dinner for Strong in 1916.
b) Bell, Henry, of Lloyds Bank, introducing P. Jay in 1921.
c) Brawn, Shipley & Co. (name of individual not given) on meeting Strong in 1916.
d) Farrer, Gaspard, of Baring Brothers, inviting Strong to stay in his house in 1920; and
introducing Benjamin Jr. in 1922.
e) Fraser, Sir Drummond, of Manchester, Liverpool & District Bank, on Ter Meulen plan for
export credits in 1921.
f) Hambro, R. S., of Hambro's Bank, on not meeting Strong in New York in 1928.
g) Holden, Sir Edward H., of London City & Midland Bank, on Bankers Trust's position on
the Federal Reserve Act in 1914; 57 neutrality, British government borrowing in the United
States, and British bank opposition to dollar acceptances in 1915; dinner for Strong in 1916;
America's joining the Allies, rivalry of London and New York as financial centers,
Benjamin Jr.'s war service, and Liberty Loans in 1917; and on trip in 1919.
h) McKenna, R., of Midland Bank, introducing P. Jay in 1921 and G. Winston in 1925.
i) Vassar-Smith, Sir R. V., of Lloyds Bank, introducing Treman in 1921.
1112.4 British Business Men and Others, one file, 1914-1925:
a) Grose, A. H., of London Midland & Scottish Railway Co. on trip arrangements in 1925.
b) Kiddy, Arthur W., of The Morning Post, London, on meeting in 1920 and introducing P.
Jay in 1921.

57

No name is given as either writer or receiver of this letter but it was to a Bankers Trust correspondent, possibly London

City + Midland Bank.
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c) Maudy-Gregory, J., of The Whitehall Gazette and St. James Review, on meeting in 1919.
d) Ritz Hotel, London (name of individual not given), on reservation in 1916 and 1919.
e) Thornton, F. W., of Great Eastern Railway, London, on providing aid to American travelers
in 1914.
f) Tod, Dr. Hunter, in London in 1916.
g) Withers, Hartley, of The Economist, on Strong's health, introducing Senator Owen, on
Holden's attack on the Bank of England Act of 1844, and the Federal Reserve Banks' weekly
statement in 1919; Withers' book, The Case for Capitalism, in 1920.
1112.5 MacKenzie, William, Managing Director of the Alliance Trust Co., Dundee, Scotland, two
files, 1914-1926, 58 containing an exchange of views on many topics (based upon a 30 year
acquaintanceship), which tapered off after MacKenzie's retirement in 1919. In the early war
years there were comments upon exchange rates, the crisis at the outbreak of the war, with
gold shipments from the United States, the effect of the organization of the Federal Reserve
System, the need for providing credits for Great Britain, British alarm over transfer of
commercial banking to New York, tax-free status of government bonds (opposed by Strong on
grounds of social injustice), need for collateral for British government loans, and survival of
the gold standard. After the United States entered the war in 1917, there was comment on
government loans in both countries and the Federal Reserve System's role. After the war, there
was correspondence on postwar adjustments, British miners' strike, British return to the gold
standard, the price of Pennsylvania Railroad Co. stock, and President Harding's death.
There were also comments on personal matters, such as their health and their children's service
in France, and on prominent people, such as Lord Cunliffe, Gaspard Farrer, Sir Basil Blackett,
Sir Edward Holden, Lord Reading, and Governor Norman of Great Britain, and W. G.
McAdoo, T. DeWitt Cuyler, E. W. Kemmerer, J. P. Morgan, and P. M. Warburg of the United
States.
1115.1 Cunliffe, Lord (Walter Cunliffe), Governor of the Bank of England, 1913-1918, two files,
1916-1925, on meeting Strong in 1916, preparing a memorandum of agreement in 1916 and
1917 (with a copy of redrafted memorandum of Jan. 18, 1917); Cunliffe's trip to the United
States, Liberty Loans, British war bonds, amendments to the Federal Reserve Act, and silver
shipments to India in 1917; introducing John Pratt and Cunliffe's heading a Committee on
Currency and Foreign Exchanges in 1918, Strong's comparison of the Federal Reserve System
with the Bank of England, and of American and British gold reserves (with a copy of the
Interim Report of Aug. 15, 1918 and of the Manchester Guardian's comment on Oct. 30, 1918);
and notes from Cunliffe's widow in 1920 and 1925.
1115.2 Cokayne, Sir Brien (Lord Cullen in 1920) Deputy Governor, 1915-1918, and Governor, 191858

This correspondence, like that with members of his family, was not in – connection with Strong's banking duties and it
reveals his thinking on many important issues at the time.
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1920, of the Bank of England, two files, 1916-1920, on meeting in 1916 and preparing
memorandum of agreement in 1916 and 1917, (with copy of memorandum of redrafted
agreement of Jan. 18, 1917 and further amended by the Bank of England); introducing John
Pratt in 1918; shipments of German gold to the Bank of England for the account of the New
York Bank, exchange of Bank of England gold in the Bank of Montreal for rupees sold in New
York (with a copy of a letter to M. M. S. Gubbay), introducing A. Rathbone (Assistant
Secretary of the Treasury) in 1919; the Peace Treaty, branches of foreign banks in Great Britain
(included in the Cunliffe Committee Report of Feb. 28, 1918), end of Cokayne's term and start
of Norman's as Governor, and Cunliffe's death in 1920.
1116.1 Norman, Montagu, 59 on staff for special war work, 1916-1918, Deputy Governor, 1918-1920,
and Governor, 1920-1944 of the Bank of England, two files, 1916-1920, on the London
discount market (a memorandum prepared by Norman in response to Strong's request to James
Brown) in 1916; meeting in London, amendments to the Act, American business conditions,
and introducing C. A. Johnson, in 1916; on Board's announcement of agreement with the Bank
of England, and purchasing war posters, in 1917; introducing John Pratt to Norman, and H. P.
M. Rae of the Bombay Company to Strong, Liberty Loans, and peace negotiations, in 1918;
introducing Senator Owen, dangers of postwar conditions, Strong's trip to Europe, shipments
of German gold to London, discount rate changes, and Bank building, in 1919; on Strong's son
working for Schroders in London, trip around the world, and invitation to stay with Norman in
London, in 1920.
1116.2 Norman, Montagu, three files, 1921:
1) and 2) These files contain Norman's correspondence with Strong, which was very heavy as
the two discussed their own banking problems and the world situation. The latter involved
a settlement of reparations, Allied debt payments through central bankers playing a major
role and the United States granting foreign credits. Norman and Addis visited the United
States to discuss aid to Austria. During the year Strong provided introductions for P. Jay
and Treman and Norman wrote about a new director from Canada, E. R. Peacock, and the
Ter Meulen plan for providing funds for some European countries.
3) This file contains memoranda and Norman's correspondence with others, copies of which
he sent Strong, as on Russian gold, principles for central banks, conversation with J. Avenol
on Austrian conditions and reparation payments, the Reichsbank's account at the Bank of
England, meeting of representatives of three Scandinavian banks, Avenol's and F. H.
Nixon's report of trip to Austria, British and French government recommendations on
Germany's inability to pay reparation installments in 1922, and proposals for reestablishing
better economic conditions in Europe. The correspondence includes that with Vissering of
the Netherlands Bank, Havenstein of the Reichsbank, and the governor of the National Bank
of Roumania.
1116.3 Norman, Montagu, five files, 1922:
59

Strong's correspondence with Norman after he became Governor of the Bank of England in the spring of 1920 was kept

in Strong's office, and it is fairly complete. Strong sent to the Bank's files letters which contained official matters, such as
the credit for the Bank of England in 1925. Both seemed to regard this correspondence as personal; Norman marked many
of his letters "Confidential", "Personal", or "Private."
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1) and 2) These files contain Strong's correspondence with Norman, which was heavy except
during the periods of the latter's trips to the United States early and late in the year. While
some letters bore on American funding legislation, British debts to the United States,
Austrian conditions, German reparation payments, and Norman's continuing as governor,
the major concern was over calling a central banks' conference, according to the Genoa
Conference to consider a gold standard in the United States and Great Britain and a gold
exchange standard in other Countries. (In this year Strong provided an introduction for
Fukai of Japan.)
3) This file contains drafts of a letter of invitation and agenda for a central banks' conference,
with Strong's revisions and drafts of his letter of acceptance.
4) This file contains copies of Norman's correspondence with others and memoranda on other
topics, including the Scandinavian banks' views on Great Britain's return to the gold
standard by V. Moll of the Sveriges Riksbank, information to the Swiss National Bank on
Norman's policy of purchasing South African gold, the Reichsbank's autonomy by
Havenstein, need for an Austrian loan by Sir William Goode (with cables exchanged with
Blackett on J. P. Morgan's views, a memorandum on Senator Lodge's resolution to postpone
liens, and a House of Representatives' bill to postpone Austrian debt payments), Warburg's
views on the American acceptance market for Strakosch, and Poincare's views on German
reparations.
5) Confidential material and articles on the Genoa Conference, provided Strong by Norman:
a) Draft Scheme of Work for the (Genoa) Conference.
b) Central International Corporation and National Corporations:
i. Organizing Committee's report on result of the London Conference, Feb. 21-25, 1922.
ii. Organizing Committee's minutes of the London Conference, Feb. 21-25, 1922.
c) Central International Corporation, Limited:
i. Memorandum and Articles of Association.
ii. Indenture of agreement between it and national companies.
d) Experts' Report of preliminary meetings for the Genoa Conference on the reconstruction
of Russia and the restoration of Europe.
e) Articles pertaining to the establishment of a combination of gold standard and gold
exchange standard:
i. O. T. Falk's on certain aspects of the problem of exchange stabilization in The
Economic Review, Mar. 17, 1922.
ii. R. G. Hawtrey's on the Genoa resolutions on currency, in the Economic Journal, Sept.
1922.
1116.4 Norman, Montagu, two files, 1923-1924, of reduced correspondence, partly because of
Strong's illness during much of 1923, Norman's trip to the United States (to negotiate the
funding of the debt) in 1922-23, and Strong's secret trip to Europe in the spring of 1924 (during
which he stayed for a time with Norman in London). While the two were concerned with their
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domestic problems, such as price levels, exchange rates, discount rate changes, changes in the
British government which delayed efforts to return to the gold standard, and the return of the
Houblon tankard to the Bank of England by the New York Clearing House Association, they
were involved in external problems, relating particularly to Germany, Hungary, and Austria,
where war debts, financial aid, and the need for advisors were disturbing. They considered
Schacht's plan for a Gold Discount Bank, Bank of England's loans to the Reichsbank in 1923,
the Dawes Plan for reparation payments, a gold standard for Germany, and the selection of an
American to be Agent General in 1924. (Norman was continued as Governor and Anderson
succeeded Lubbock as Deputy Governor in 1925.)
1116.5 Norman, Montagu, two files, 1925, 60 of increased correspondence although Norman was in
the United States at the beginning of the year and Strong in Europe during the summer
accompanied by Stewart, Mrs. Humphrey and Miss Bleecker. The two were primarily
concerned about Great Britain's return to the gold standard, with the aid of credits from the
Federal Reserve System and J. P. Morgan & Company, (the British government's fiscal agent).
Norman sent copies of a draft and final report of the Committee on the Currency and Bank of
England Note Issues as well as of the Gold Standard Act of 1925. They were concerned over
the Bank of England's gold reserves, whether Anderson or Trotter should succeed Norman as
Governor, and discount rates in the two countries. They considered also a stabilization
program for Poland (whether it should be under the League of Nations) and for Belgium, and
German borrowing and spending (with copies of cables exchanged between Norman and
Schacht). They brought up the possibility of holding a central banks' meeting.
1116.6 Norman, Montagu, three files, 1926, of correspondence although Norman was in the United
States at the beginning of the year and Strong in Europe in the spring and summer. Their
concerns were over conditions in their own countries and stabilization programs elsewhere.
1) and 2) These files contain Strong's and Norman's letters largely on stabilization plans for
other countries, such as India, Belgium, Poland, France and Italy. Strong testified in London
before the Royal Commission on Indian Currency and Finance and differed with Norman
about whether the League of Nations should be in charge of the Polish program. There was
also the question of whether there should be a rotation in the governorship of the Bank of
England but Lubbock agreed to be Deputy Governor again in 1927. They wrote concerning
the extension of the credit to the Bank of England and the publicity of gold shipments from
Australia to the United States.
3) This file contains memoranda and Norman's correspondence with others, largely on the
Belgian stabilization plan (with memoranda of the Bank of England, J. A. M. de Sanchez of
J. P. Morgan & Co., and H. O. Mance of Belgium). There are also a memorandum on
questions to be asked the Americans by the Royal Commission, with the substance of
Norman's and Addis' answers on a gold standard for India, an inquiry by R. Ryti of the Bank
of Finland about meeting Strong in Europe, Norman's to Schacht about a meeting with
Strong in the Netherlands, Vissering's to Norman on possible central banks' meeting in the
Netherlands, and A. C. Miller's letter to Norman about meeting him.

60

During Strong's stay in Europe in 1925, 1926 and 1928, there was some exchange of correspondence between the two

men.
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1116.7 Norman, Montagu, two files, 1927, of correspondence although Strong was ill during much of
the year, Norman came to the United States early in the year, again in the summer, and Strong
went to London in Dec., to discuss and approve the Italian stabilization plan. The two were
concerned over the British difficulty of remaining on the gold standard because of problems
arising from the French increased holdings of foreign exchange and desire to take gold from
London and New York, discount rates, rotation of governors at the Bank of England,
employment of W. W. Stewart by the Bank of England, Bachmann's desire for a central
bankers' conference to consider the gold standard (in memorandum by H. A. Siepmann), as
well as stabilization programs for Poland, Portugal, and Italy.
1116.8 Norman, Montagu, two files, 1928, of correspondence although Strong was ill for much of the
time until his death in Oct. but, despite this illness, saw visitors in the United States and visited
Europe in the summer. The correspondence includes comments on Strong's visitors, who
included Niemeyer, Salter, Strakosch, Rist, and Quesnay. The first of these was concerned
about a gold study by the League of Nations and the possibility of combining war debts and
the Dawes Plan payments. Strong and Norman differed on the Romanian stabilization plan
and the adequacy of the world's gold supply, reflecting their own views and the adequacy of
their Banks' gold reserves. After Strong's death, Norman wrote Benjamin, Jr., concerning his
father's death, M. Delano's part in the funeral, and the friendship between father and son, and
to Harrison about their friend's death, Norman's coming to New York, meetings of a Reparation
Committee (to settle Germany's obligations), and weakness in the dollar-sterling exchange.
1116.9 Norman, Montagu, one file, 1917-1926, of incoming and outgoing correspondence with
Strong. Federal Reserve and Bank of England Policy. Includes reports and documents on, “The
Significance of the Struggle in Great Britain” (Federal Reserve Bank, Confidential, May 11,
1926); Federal Reserve Board Statement for the Press for release June 1, 1925 re: restoration
of gold standard; Testimony before the Royal Commission on Indian Currency and Finance,
May 1926; Strong memo re: Norman’s January 1925 visit to US.
1117.1 Other Deputy Governors of the Bank of England, one file, 1922-1928:
a) Anderson, Sir Alan G., on problems of Great Britain's return to the gold standard, trip to the
United States with Norman, Belgian stabilization, rate changes, statements by Norman and
Addis before the Royal Commission on Indian Currency and Finance, and Strong's and
Norman's futures as heads of their banks, and the latter's importance to the development of
the gold exchange standard, in 1925 and 1926.
b) Lubbock, Sir Cecil, on P. Jay's visit, Bank of England's balances, Norman's attendance at
the London Conference on the Dawes Plan (with a resolution on the loan), British
difficulties including labor disputes, delay in raising the Bank rate because of Norman's
absence, effect of New York's increase in rates, renewal of discussions on Great Britain's
return to the gold standard, price levels, and return of the Houblon tankard by the New York
Clearing House Association in 1924; rotation in the governorship of the Bank of England
in 1926; Lubbock's trip with Norman to New York in early 1927, central bankers'
conference in New York in July, French balances in London, Australian gold shipments, the
Federal Reserve's sterling account, Norman's temperament in 1927; Strong's being in
London at end of 1927, difficulties over Moreau's scheme for Roumanian stabilization, gold
stocks, and selling of dollar holdings by the Bank of England in 1928. (Missing are many
handwritten letters by Strong in 1927 and 1928, which apparently concerned the difficulty
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of working with Norman.)
c) Trotter, Henry A., on failure to hold a central banks' meeting in 1922; Austrian loan and
British debt in 1923; and introducing Prof. L. A. Harr (by Harrison) in 1926.
1117.2 Other Officers of the Bank of England, two files, 1919-1928:
1) Stewart, Walter W., special advisor, about accepting the position to build up statistical and
information office and leaving Case, Pomeroy & Co., (with copy of Norman's letter on
possibility) in 1927; and (in confidential letters by Strong during and following his trip to
Europe) on problems of the management of the Bank of England, its relationship with the
Bank of France, Norman's personality and performance as governor, and Stewart's
opportunity to help, which were discussed not only with Stewart but also with Alan
Anderson, Siepmann, and Lubbock; on relations between the Bank of France and the Bank
of England, discussed with Quesnay; the League of Nations' gold study, discussed with
Salter, Vissering, Bachmann, Schacht, and Franck (of Belgium); the French government's
proposal to confer an honor upon Strong; problems of the Federal Reserve System; and
Strong's health, plan to resign and to marry, in July and August 1928.
2) Comptrollers and Cashiers:
a) Harvey, Sir Ernest M., on shipments of German gold from the continent in 1919; and
Strong's possible meeting with R. Ryti of the Bank of Finland (with copy of Harvey's
letter to Ryti), and mistake in decoding in 1926.
b) Mahon, C. P., on shipments of German gold in 1919.
c) Osborne, J. A. C., sending a copy of McKenna's address on the gold standard (in Midland
Bank's Monthly Review) in 1925; and providing copies of letters exchanged with the
National Bank of Belgium in 1926; 1929 cable.
d) Paice, C. T., of shipments of German gold in 1919.
1121.0 French Officials, one file, 1916-1921:
a) Block, J. Frederick, in the Finance Agency in New York about the French government's
awarding an honor upon Strong, in 1919.
b) Casenave, Maurice, in the French High Commission in New York, about the French
government's awarding an honor upon Strong and providing assistance for trip in 1919.
c) Celier, Alexandre, in the Ministry of Finance, on gold shipments, meeting, and Strong's
denial of reporting meeting to press in 1919; gold shipments from France to Spain,
introductions for the Orient, cooperation with the New York Bank, and French conditions
in 1920, Strong's brief stay in Paris and failure to visit Indochina during trip of 1920-1921.
d) De Billy, Edouard, Deputy High Commissioner, about the French government’s awarding
an honor upon Strong in 1919.

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e) De Sieyes, J., in Finance Agency in New York, on earmarking gold in New York for Bank
of France in 1920; and enclosing letter from Celier, in 1921.
f) Gueyraud, G., Consul General in New York, on visaing Strong's passport in 1916; and his
and Vaughan's passport in 1919.
g) Homberg, Octave, in Finance Agency in New York, providing letters of introduction to
French bankers, Ribot, Pallain, and Sergent, in 1916.
h) Jusserand, J. J., Ambassador to the United States, on sending a letter in the embassy pouch
and appointing the Bank of France an agent and correspondent of the New York Bank in
1917.
i) Loucheur, L., in Ministry of Reconstruction, on canceling a luncheon in 1919.
j) Unidentified snapshots of fighting.
1122.1 Partners in Morgan, Harjes & Cie., and, after Harjes' death in 1926, Morgan & Cie., one file,
1913-1928:
a) Harjes, Herman H., on corresponding regularly, the financial situation in Europe, war in the
Near East, providing funds for Russia and Mexico, gold shipments (including some to the
Reichsbank) in 1913; on eligible bills in Paris (cable through J. P. Morgan & Co.), in 1915;
arrangements for Strong's and J. F. Harris' stay in Paris, inquiry about maid’s AlsaceLorraine family, meeting together, purpose of trip to plan arrangements with foreign central
banks, assistance for war effort, Federal Reserve Bank of New York's first annual report,
and Strong's health in 1916; introducing C. A. Johnson and his sister, Mrs. C. Brigham, who
planned to do war work in France in 1916 and 1917; introducing John T. Pratt in 1918;
handling Strong's mail in 1919; and luncheon invitation to Strong and G. Winston in 1926.
b) Jay, N. Dean, on utilizing Morgan cable facilities, cabinet changes, Gilbert's visit, and
Belgian stabilization in 1926; on Strong's receiving a French honor in recognition of aid to
French stabilization (with copies of messages exchanged with T. W. Lamont) in July 1928.
c) Carter, Bernard, arranging meeting with Francqui for Strong, in 1926.
1122.2 Other French Bankers and Others, one file 1916-1926:
a) De Neuflize, Baron Jean, of De Neuf1ize & Cie., (and a regent of the Bank of France), on
meeting during Strong's trip in 1919.
b) De Neuflize, Jacques, of De Neuflize & Cie. on agreements with the Bank of England and
the Bank of France (with notes on a conversation with J. F. Curtis and Treman, with
handwritten note on the back of the announcement by the Board of agreement with the Bank
of England), in 1916; and sending statistical material on French conditions (with letter) in
1925.
c) Dolleans, Edouard, of International Chamber of Commerce, on its purposes and Strong's
membership in 1926.
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d) Felsenberg, M., of Credit Lyonnais, on Guaranty Trust Co.'s and Mercantile Bank of
America's difficulties in 1921.
e) Lewandowski, M., of Comptoir National d'Escompte de Paris, on Strong's trip to France,
sympathy and credits for France, establishing Federal Reserve agencies in Paris, Strong's
health, and Masson's visit in 1916; establishing an agency (or branch) of French banks in
New York in 1916 and 1917; introducing Senator Owen in 1919, and P. Jay in 1921.
f) Masson, Robert, of Credit Lyonnais, on Benjamin Jr.'s war service in 1918; visit to Paris in
1919; Strong's receiving a French honor, Masson's attending the Peace Conference with
Tardieu, Benjamin Jr.'s war service and plans for banking training in New York, London,
and Paris, in 1919 and 1920; introducing R. Treman, M. Felsenberg's getting information
about Guaranty Trust Co.'s and Mercantile Bank of America's difficulties, French reluctance
to borrow, and German ability to pay reparations in 1921; German policies, Dawes
Committee, American oil scandal, French inflation and taxation, and an international loan
for Germany (Dawes Loan) in 1924.
g) Ritz Hotel, Paris, on rooms in 1916.
h) Simon, Joseph of La Societe Generale, on meeting in 1919, and introducing Jay and Treman
in 1921.
1125.1 Pallain, Georges, Governor of the Bank of France, 1897-1920, two files, 1916-1920, (a mixture
of letters and copies of translations), on efforts to establish relations between the two banks
(with a memorandum outlining the proposals), use of checks in France, needs for credits,
summary of the Bank of France's report for 1915, introduction to J. de Neuflize on a mission
to the United States to facilitate commercial relations in 1916; memorandum of agreement
(with copies of Strong's drafts of letter and memorandum), and introducing son, Benjamin
Strong Jr., and G. M. P. Murphy in 1917; concluding limited agreement (with copy of extract
of minutes of the Bank of France's Conseil General and introducing John Pratt in 1918; meeting
during Strong's trip, arrangements for the shipment of German gold to France gift of
Kemmerer's book The ABC of the Federal Reserve System in 1919; and Pallain's retirement
in 1920.
1125.2 Robineau, Georges, Governor of the Bank of France, 1920-1926, one file, 1920-1926, on
transacting business through J. de Sieyes, earmarking gold at the Bank of France, and brief
meeting in Paris in 1920; introducing E. Grosclaude to Strong and P. Jay to Robineau in 1921;
on Pallain's death in 1923; introducing Winston, gold shipments to New York for the
government's account with J. P. Morgan & Co., and data on the French budget, debt,
reparations, and imports (sent by J. de Neuflize) in 1925; introducing J. E. Crane, and
appointment of an Expert Commission in 1926.
1125.3 Moreau, Emile, Governor of the Bank of France, 1926-1930, one file, 1926-1928, on Moreau's
being made governor, the latter's appreciation of their talks during Strong's trip, P. Jay's visit,
and Strong's illness in 1926; stabilization progress, Harrison's trip to Paris in March, a central
bankers' meeting in New York in 1927; Quesnay's and Rist's visit to New York in March, and
Strong's thanks for Moreau's hospitality in the summer of 1928.

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1125.4 Other at the Bank of France, one file 1920-1927:
a) Picard, Paul Ernest, Deputy Governor (former Secretary General), sending a summary of
the points discussed with Robineau in Dec. 1920 with Strong (not in this file) and data on
imports and exports, 1913-1920.
b) Rist, Charles A., Deputy Governor, on Strong's plans in July 1926; introducing G. Winston
in 1927; and on Dr. Edouard Rist's bill and arrangements for next few weeks, in May 1928.
1130.0 German Officials, Bankers, and Others, one file, 1914-1928:
a) Fuerstenberg, Hans, of the Berliner Handels-Gessellschaft, on missing Strong in 1928.
b) German Ambassador in London, on visa for Strong in 1925.
c) Schmidt, Hugo, of Deutsche Bank, on trip to Berlin, Bergmann's establishing an office in
New York and on plan for St. Louis and San Francisco Railroad Co., in June 1914.
d) Steinbach K., German Consul General in Chicago, inviting Schacht to come to Chicago
during trip of 1925.
e) Von Lewinski, Karl, General Consul in New York, on Strong's invitation to dinner for
Schacht in 1925.
f) Von Matzahn, Baron, Ambassador to the United States, appreciating hospitality during trip
of 1925 (by Schacht).
1135.0 Schacht, Hjalmar, President of the Reichsbank, 1923-1930, two files, 1925-1928, on meeting
together during the summer in Europe, American bankers arranging loans to Germany, bill
holdings of the Gold Discount Bank, the Reichsbank's weekly statements, Schacht's speech on
credit policy at Cologne and another to the Reichsbank's central committee (with copies of
translations of these speeches and of comment on his bank's gold reserve policy), Schacht's
trip to New York in the fall with various invitations to speak, copy of statement for the press,
lists of guests at several dinners, and a memorandum of conversations on the New York Bank's
purchase of bills, in 1925; discount rate changes, and a meeting of Strong, Norman, and
Schacht in the Netherlands in 1926; Schacht's trip to New York in the summer of 1927,
introducing Winston, and the gift of Schacht's book, The Stabilization of the Mark in 1927;
sending the German edition of Burgess' book, The Reserve Bank and the Money Market, and
meeting with Strong in Europe in 1928.
1140.0 Italian Officials, Bankers, and Others, one file, 1916-1929:
a) De Martino, Nobile Giacomo, Italian Ambassador in Washington, about conferring honor
upon Strong in 1928 (correspondence with Benjamin Strong, Jr.)
b) Fummi, G., a representative in Italy of J. P. Morgan & Co., on Strong's stay in Italy and
possible Italian stabilization in 1926.
c) Governor of Credito Italiano, on establishing banking relations in 1916.
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d) Marchetti, Comm. Count Alberto, in Italian Embassy in Washington, forwarding diploma
of honor to Benjamin Strong, Jr., in 1929.
e) Mussolini, Benito, President of Royal Council of Ministers, conferring honor upon Strong
in 1928.
f) Stringher, B., President of the Bank of Italy, introducing P. Jay in 1926 and G. Winston in
1927.
1150.0 Netherlands Officials and Bankers, two files 1914-1927:
1) Vissering, G., President of the Netherlands Bank, 1912-1931, one file, 1919-1927, on
Strong's trip plans and meeting with Vissering in Amsterdam, sending German gold to
London, need for central bank cooperation on exchange problems (with copy of
memorandum), and introducing N. Dean Jay in 1919; introducing Strong to men in Java, as
the Governor General, Count Van Linburg Stirum, and men at the Java Bank, publishing
Vissering's memorandum, and postponing trip to Amsterdam in 1920; Strong's trip to the
Netherlands in 1926;and introducing G. Winston in 1927.
2) Others:
a) De Bruyn, I., of Messrs. Adolph Boissevain & Co., on the American currency question
with comments on central banks (not dated, but might be 1914).
b) Consul General in New York, on visaing Strong's and Vaughan's passports in 1919.
c) Stirum, Count Van Limburg (formerly in Foreign Service), on Chinese and other Oriental
conditions in 1927.
1160.0 Belgian Officials, Bankers, and Others, two files, 1918-1929:
1) Van der Rest, L., Governor of the National Bank of Belgium, on Strong's trip to Brussels,
sending German gold to London, and copies of balance sheets and of Paice's letter on the
Bank of England's handling this gold in 1919.
2) Others:
a) Belgian Consul in New York, on visaing Strong's and Vaughan's passport in 1919.
b) Bunge, E., an Antwerp merchant and a director of the National Bank of Belgium,
providing a copy of a long memorandum on a Union of Nations and a Bank of the
Peoples, of Oct. 1918.
c) De Soete P., a sculptor, about completing and shipping Strong's bust, which was a gift of
the National Bank of Belgium, making a bust of Norman, and controversy over
inscription on the Louvain Library in 1928; and (in letter to Philip Strong), on sending a
replica of Strong's bust (for Princeton) in 1929.

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d) Hankar, F., a director of the National Bank of Belgium, on reciprocal providing of
information, in 1919.
e) Janssen, Albert E., a director of the National Bank of Belgium, on sending information
in 1919.
f) Rombouts, E., of the Treasury, on trip plans in 1919.
1170.0 Officers of the Swiss National Bank, two files, 1923-1928:
1) Schnyder de Wartensee, Charles, Vice-President, requesting an American credit to
withstand a withdrawal of German funds in 1923.
2) Bachmann, G., President, on meeting in Switzerland in 1925; on Warren's trip there in
1926; possible trip to Europe early in 1928 and trip in May and their meeting in July, when
French stabilization and the gold exchange standard were problems.
1180.0 Polish Officials, Bankers, and others, one file_ 1914-1928:
a) Bank Polski (of which F. Mlynarski was vice-chairman), on arranging credit against gold
earmarked at the Bank of England, in 1925.
b) Ciechanowski, Jan, Polish Minister to the United States, providing letters of
recommendation for Strong, O. E. Moore and J. E. Crane in case they should go to Poland
in 1926; and on honors to Strong, Case, Harrison, and Crane in 1928.
c) Poniatowski, Prince, printed copy of speech on the Federal Reserve Act, in 1914.
1190.0 Montenegrin Officials, one file, 1919, on conferring honor upon Strong:
a) Chaoulitch, Y., of Legation in Washington.
b) Plamenatz, Y. S., Council President.
1210.0 Canadian Bankers, one file, 1916-1923:
a) Golden, A. D., General Manager of the Canadian Bank of Commerce, sending a volume on
the officers' war record, in 19211922.
b) Meredith, H. V., President of the Bank of Montreal, on selecting his bank as a Federal
Reserve representative, in 1916-1917.
c) Trigge, A. L., Secretary of the Canadian Bank of Commerce, sending his bank's history in
1923.
1230.0 Argentine Officia1s and Bankers, one file, 1917-1919:
a) De Iriondo, M. M., President of Banco de 1a Nation Argentina, on establishing reciprocal
relations in 1917.
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b) Naon, R. S., former Ambassador to the United States, on meeting in Europe in 1919.
1330.1 Officers and Staff of the Bank of Japan, two files, 1920-1928:
1) Inouye, J., Governor in 1920-1923 and again in 1927 (and Finance Minister, 1923-1924),
introducing Strong, his son, Benjamin Strong, Jr., and Basil Miles, with Inouye's speech
introducing Strong at a reception and summarizing the importance of the Federal Reserve
System (with copy), and sending books on American financial subjects, in 1920; on
Guaranty Trust Co. 's and Mercantile Bank of America's troubles (in connection with
financing trade to Latin America), Conference on the Limitation of Armaments, need for a
central bank meeting (discussed in New York during Norman's and Addis' visit and by Jay
in Europe with Vissering and others), and introducing J. T. Harris and members of the
Japanese Business Mission, including M. Kushida of the Mitsubishi Bank and C. Kadono
of Okura & Co. in 1921; on economic conditions and financial policies, with lengthy
discussion by Strong of price changes, credit volumes, and exchange fluctuations, in 1921
and 1922; introducing F. B. Noyes and O. Matsumo, in 1922; on the earthquake, need for
financial aid, Inouye's new position, and introducing K. Tatsumi in 1923; Inouye's trip
around the world, with stay in New York, and introducing T. Aoki and J. D. Greene of Lee,
Higginson & Co., in 1924; on Inouye's becoming governor again and discount rate changes
to move crops and ease strain on European exchanges in 1927.
2) Directors and Employees (Unless indicated otherwise, the correspondence in 1920 pertained
only to Strong's trip and that in 1923 to the Japanese earthquake.)
a) Fukai, E., a director (and representative of the government at conferences in 1921 and
1922), on Japanese conditions in late 1920; attending Conference on Limitation of
Armaments, letters of introduction to American officials, and world economic conditions
in 1921; meeting with Strong and then with Norman, attending Genoa Conference,
prospect of a central banks' meeting, and introducing F. B. Noyes, in 1922; agreement
between the two Banks, and sending American books to Japan in 1923; Japanese need
for a loan, American gold stocks, and introducing J. D. Greene, in 1924; Japanese
earthquake, economic conditions, exchange rates, Japanese gold embargo, and the British
gold standard in 1925; and Strong's illness in 1926; a testimonial to Strong (as translated
from an article published in Japan) which covered relations between the two men and
their banks, Strong's role in developing the Federal Reserve System, monetary policies
during a period of gold imports, restoration of the gold standard and central bank
cooperation, in October 1928.
b) Hamaoka, I., a director, in 1923.
c) Hoshino, S., a representative in New York, on economic conditions as reported by the
Bank of Japan's Department of Statistics and Research, (with copies of 2 reports) and O.
Tchiki becoming governor of the Bank of Japan in 1923.
d) Kimura, S., a director, sending a history of Japanese arts in 1920.
e) Nagaike, N., superintendent of the New York Agency, in 1920.

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f) Nakanshi, J., an employee, sending books to Princeton in 1920.
g) Tanake, T., of the Research Department, asking for a copy of Strong's speech on May 22,
1920.
1330.2 Japanese Officials, Bankers and Others, two files, 1917-1927:
1) Imamura, S., of the Sumitomo Bank (with its New York Agency, 1921-1923), introducing
Strong, his son, and Basil Miles in 1920; on exchange of gifts, and introducing K. Ohshima
in 1921; sending samples of Japanese silk in 1922; on Imamura's return to Japan in 1923;
report of the New York Bank's first ten years and J. D. Greene's visit to Japan in 1925; and
Strong's illness in 1926.
2) Various others (Unless indicated otherwise, the correspondence in 1920 pertained only to
Strong's trip and that in 1923 to the Japanese earthquake).
a) Aueha, J., Acting Consul General in New York, in 1923.
b) Hashimoto, U., of Oriental Steamship Co., in 1920.
c) Kagawa, E., a student, on studying Oriental philosophy, in 1920; on Strong's visit to Japan,
Japanese conditions, and J. F. Harris' trip to Japan in 1921; introducing Mrs. C. T. Barney
and Mrs. S. White in 1923.
d) Kajiwara, N., of the Hypothec Bank of Japan, in 1923.
e) Kamei, K. H., of Nippon Yusen Kaisha, in 1920.
f) Kashiwagi, H., of Yokohama Specie Bank, introducing K. Tatsumi in 1923.
g) Katayama, S., a director of the Bank of Chosen, in 1920.
h) Megata, Baron T., of House of Peers, on Japanese history (copy of address at Princeton) in
1917; and American-Japanese business cooperation in the Far East (copy of speech) in 1920
with comments on conditions in China.
i) Mikawa, T., Acting Japanese Financial Commissioner in New York, sending financial and
economic annual report of Japan (not here) in 1923.
j) Nagato, O., Rear Admiral, an invitation to his ship in 1927.
k) Nishi, K., a guide in Japan, introducing Mrs. Barney and Mrs. White in 1923.
l) Sakatani, Baron Y., of House of Peers, sending speech on financial and economic stability
of Japan (copy of speech) in 1920.
m) Sasaki, Y., of First Bank of Tokyo and of Tokyo Bankers' Association in 1920.
n) Shibusawa, Baron E., in 1920.
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o) Shiraishi, Captain and Mrs. Masaichi, recalling trip on Inland Sea during Strong's visit in
1920, in 1921 and 1925.
p) Sumitomo, Baron K., in 1920.
q) Takahashi, Baron K., Minister of Finance, sending rejoinder to Sakatani on financial
situation (copy of speech) in 1920.
r) Tukamoto, N., in 1920.
s) Yoneyama, U., a director of Mitsui Bank, in 1920.
t) Miscellaneous and Unidentified materials, including letters of introduction to House of Peers
and House of Representatives, Official Gazette (in Japanese), notes concerning Japanese
newspapers, Japanese gold reserves and yen exchange rate, in 1920.
1410.0 Kell, James, Acting Governor of the Commonwealth Bank of Australia (and Hulle, E. W.,
acting deputy governor), one file, 1924, sending a copy of Earle Page's speech on the
Commonwealth Bank Bill (containing a review of banking in Great Britain, the United States,
France, Germany, South Africa, and Canada) and a copy of the Commonwealth Bank Act.

Series 1500: Addresses
1500.01 Strong, Benjamin. List of addresses 1914-1922 [740A]
1500.02 Strong, Benjamin. Addresses, 1911-1915 [740]
•

“Interest Rates, Earnings, Dividends & Taxation,” address to American Bankers Association,
New Orleans, LA, as Vice President of Bankers Trust Company (11 pgs.) November 21, 1911

•

Address, given at luncheon of the Merchants Association, regarding the beginning of the
Reserve Bank system and the effects of the Federal Reserve Act on mercantile banking (6
pgs.) November 24, 1914

•

Address, given as the Book Lecture Course at Williams College, regarding how bank credit
structures grow upon and are supported by gold reserves (17 pgs.) January 14, 1915
“The New Banking System,” an article which appeared in Pyramid. Article is crafted from
early portions of the 1/14/1915 Williams College lecture. (22 pgs.) January 15, 1915
“The Federal Reserve System,” transcript of speech made at Atlantic City, NJ, published in
The Financial Age on May 22, 1915. May 14, 1915
Address responding to criticisms of Federal Reserve system given at Garden City, NJ,
seemingly to a group of bankers (16 pgs.) May 22, 1915
Remarks made before the first general convention of the bankers of the State of New York at
Saratoga Springs, NY, regarding the beginning of the Federal Reserve System (50 pgs.)
[Photocopy of address, re-circulated in 1988, is in Folder 7] June 24, 1915

•
•
•
•

Folder Descriptions
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•
•
•
•

[Before the members of the Bankers of the State of New York] (Formerly in Papers) [July 6,
1915]
Address is no longer in Papers but was earlier noted as being in them. [October 2, 1915]
Address is no longer in Papers but was earlier noted as being in them. [October 7, 1915]
Draft and final speech given to the New York State Bankers Association, Group VI, at the
Hotel Martinique, reviewing the first year of the Fed Reserve Bank System, especially its
organizational development (11 pgs.) December 9, 1915

1500.03 Strong, Benjamin. Addresses, 1917 [740]
•
•

•
•
•

•

“Government Loans,” press release published 7/21/17 in Economic World under the auspices
of the Liberty Loan Publicity Committee (6 pgs.) July 16, 1917
“The Prevention of Credit Inflation through War Loans by Savings in Advance of the Loans”
published in The Economic World and crafted from the 7/16/17 press release (2 pgs.) July 21,
1917
“Financing Government Loans” (10 pgs.) August 3, 1917
“Waste and Economy” (7 pgs.) August 3, 1917
Drafts of speech regarding how the Federal Reserve banks perform in relation to the
government’s financial preparation for war, given at a Bond Club of New York luncheon held
at the Bankers Club (4 pgs) September 14, 1917
Draft and final speech regarding the relation of the Federal Reserve System to government
financing in the time of war, given at the American Bankers Association Convention in
Atlantic City, NJ (14 pgs.) September 28, 1917

1500.04 Strong, Benjamin. Addresses, 1918-1920 [740]
•
•
•
•

•
•

•

“War Loans vs. Business As Usual,” published in American Review (6 pgs.) April 1918
Address concerning the need for Liberty Loans, an explanation of the program, and the
campaign for getting the country to participate, given to the members of the Liberty Loan
Organization at Carnegie Hall (15 pgs.) April 3, 1918
Draft address and press release regarding the Liberty Loan program’s first three Liberty Loans
and the upcoming fourth Liberty Loan, given to the second convention of the Liberty Loan
Army at Carnegie Hall. (12 pgs.) September 25, 1918
Draft and final address “An Appeal To Buy Bonds,” given at Liberty Loan Meeting held at
Metropolitan Opera House. President Wilson also gave an address at this meeting. (6 pgs.)
September 27, 1918
“More Liberty Bonds, or More Income?” (12 pgs.) September 28, 1918
Speech at a luncheon for Secretary Glass of the Treasury regarding the history of relations
between the Treasury Department and banks, and between Wall Street and the banks. (4 pgs.)
April 3, 1919
New York Times article, “Cherished Graves in France: A Visit to One of the Little Cemeteries
Folder Descriptions
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Where Our Soldier Dead Lie Buried” April 18, 1920
1500.05 Strong, Benjamin. Addresses, 1921-1924 [740]
•

•

•
•

•
•

•
•

•
•

•

•

“War Finance.” A typewritten card adjacent to the original document reads: “Address prepared
for Army War College on War Finance to be read to the students June 19, 1922” and
handwritten underneath it is a note “Delivered 10/26/22”. Earlier calendar lists two addresses
given at the Army War College (April 11, 1921) and at the Students Army War College
(October 26, 1922) but only this one is in files. (20 pgs.)
Transcript of address, “The Influence of the Discount Rate,” given to the Conference of
Statistics Department; includes questions by Messrs. Snyder, Case, and Morgan, and Strong’s
answers. (12 pgs.) May 6, 1921
[Address on War Finance prepared for Army War College to be read to students] SEE NOTE
UNDER April 11, 1921. [June 19, 1922]
Address regarding use of business reporting in shaping Federal Reserve’s impressions of how
industries are doing, given to the United Waist League of America, at a luncheon held at Hotel
McAlpin (7 pgs.) July 6, 1922
Handwritten skeleton outline of address given in Oneonta, NY, as guest of “our director Mr.
Smith” (8 + pgs.) July 27 – 29, 1922
“What Light Does the Experience of the Federal Reserve Banks Throw on the Value of
Different Methods of Making Their Credit and Discount Policy Effective” (4 pgs.) September
25, 1922
[Address made at luncheon at University Club, given by President of American Bankers
Association to Hon. Reginald McKenna] [October 3, 1922]
Address regarding the need for “reconstruction of economic machinery” including
bookkeeping practices in order to restore public confidence in financial systems, etc., given at
luncheon by Committee of One Hundred to the Executive Council, American Bankers
Association at the Waldorf Astoria (8 pgs.) October 3, 1922
[Address – Students Army War College, Washington, D.C.] [October 26, 1922]
Draft and final address regarding Federal Reserve System policies given at dinner of
Rensselaer County Bankers at Troy, NY. Includes article on the Fed Reserve from Troy, NY
newspaper (8 pgs.) November 16, 1922
Draft and final address regarding Federal Reserve system given before Graduate College,
Harvard University, Cambridge, MA. Includes what seems to be typed notes for the
development of the speech and questions asked by the students with Strong’s answers. (20
pgs. + 8 pgs. notes) November 28, 1922
“Conscription of Labor and Service” (handwritten note on it: “War College Address” but it
appears to have been written by C. [G.?] Bendelari, Statistical Department) (6 pgs.) December
Folder Descriptions
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•

•
•

7, 1922
Address regarding international farming vis < vis American farming, farmers and their
production and their need / use of credit, given at the convention of American Farm Bureau
Federation, Sherman Hotel, Chicago, IL (30 pgs.) December 13, 1922
“Prices” (9 pgs.) Around April 18, 1923
“For the 25th Anniversary Issue of the Japanese-American,” a review of Japan’s progress in
prior twenty-five years both in internal affairs and relations with other countries. (3 pgs.) July
11, 1924

1500.06 Strong, Benjamin. Addresses, undated [740]
•

•
•

Paper regarding discount market and relation to foreign trade containing following sections:
“The Situation in London,” “The Situation in the United States,” “Recent Progress,” “Relation
of the Discount Market to Foreign Trade.” (15 pgs.) Undated
Transcript of address to “Mr. Auchincloss and 4-Minute-Men” – follows remarks by a Mr.
Purdy – possibly a Liberty Loan speech. Undated
Post-war address to bankers regarding the effects of shrinking demand for goods on post-war
economy (3 pgs.) Undated

Series 1600: Correspondence Files by Subject
1600.01 Strong, Benjamin. Reparation commission, 1921-1924 [797A]
1600.02 Strong, Benjamin. Gold Fund Committee materials, 1914-1915.
1600.03 Strong, Benjamin. Gold syndicate materials, 1914.
1600.04 Strong, Benjamin. Notes, memoranda and speeches regarding Gold Discount Bank; German
reparations, 1927 [797.2]
1600.05 Strong, Benjamin. Honors Bestowed Upon by:
France, January 1919
Montegro June 21, 1919
Poland, July 11, 1928
Belgium, September 6, 1928
Italy, October 30, 1928

Series 1700: Correspondence
1700.01

Incoming & outgoing correspondence requesting statements for publications &
information from B. Strong. 1915 - 1921

1700.02

Incoming & outgoing correspondence requesting statements for publications &
information from B. Strong. 1922 - 1925
Folder Descriptions
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1700.03

Incoming & outgoing correspondence requesting statements for publications &
information from B. Strong. 1926 - 1928

1700.04

Correspondence relating to "The Interpretation of Federal Reserve Policy in the
Speeches & Writing of Benjamin Strong," a book written by Dr. W. Randolph Burgess.
The book collected Strong’s speeches and writings and the file includes incoming and
outgoing correspondence with domestic and international bankers and business people,
newspaper and journal editors, and with the Strong family both before and after
publication of the book. 1929 - 1934

1700.05—1700.17 Strong, Benjamin. Incoming/outgoing cables as follows. Includes 1964 memo
regarding cables from Evelyn Knowlton to Stephen Clarke.
1700.05 April 26, 1926 – June 30, 1926
1700.06 July 1, 1926 – August 26, 1926
1700.07 September 2, 1926 – July 31, 1928
1700.08 September-December, 1925
1700.09 January-August, 1925 (Norman to Strong)
1700.10 January-December, 1926 (Bank of England, NY to London)
1700.11 January-December, 1926 (Bank of England, London to NY)
1700.12 January-December, 1927 (Bank of England, NY to London)
1700.13 January-December, 1927 (Bank of England, London to NY)
1700.14 1928 (Bank of England to NY)
1700.15 1928 (NY to Bank of England)
1700.16 Correspondence Regarding Harrison Cable Books At Columbia, 1964-65.
1700.17 “Cable List” dated 5/24/1976 listing 1922-1928 cable numbers between FRBNY and
BOE.
* NOTE See Harrison Finding Aid for additional cables between BoE and FRBNY
1700.18 Miscellaneous Reports
• “Federal Reserve Notes and Gold Reserves: A Discussion of the Practical Operations
of the Currency Provisions of the Federal Reserve Act.” October 1916. Strong [?].
• Amendments No’s 1 and 2: Federal Reserve Board Memorandum Number 904:
Amending Sec. 19 Respecting Reserves; Denver, CO, December 22, 1916.
• Budget document comparing 1914 and 1925 created September 18, 1925 by G.
Bendalari and E. Cross.
• Memorandum dated December 26, 1924 “intended to give a point of view in regard to
the Open Market Policy of the Federal Reserve Banks which has never been adequately
explained to the public.” [No author(s) listed]
1700.19 “Strong and Jay Material from Correspondence Files on Early Organization [of Federal
Reserve System, definition and duties of Federal Reserve Agents, etc., c. 1914-1928.
1700.20 Confidential Cables Incoming (Book #1) Strong/Norman Correspondence
Folder Descriptions
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January 1, 1922 – January 24, 1924

**In poor condition, mostly coded

Series 1800: Photographs
1800.01

8 1/2" x 10" B&W / sepia "Kat w. her father Benj. Strong at Liberty Bond Rally,
NY WWI"; 8 1/2" x 10" B&W - three people (Strong children?) look at oil portrait of
Strong (at FRBNY?)
Small B&W photo w/ Strong & Montagu Norman & 3 others outside on patio w/ pine
forest in background; small B&W w/ ? Strong & five children; 5 x 7 B&W labeled
"Biarritz - Aug 1925, Mr. Benj. Strong, Mrs. Humphrey, Mr. Montagu Norman"
Large (9" x 14" ?) B&W of B. Strong posing as sculptor shapes clay bust
Harris & Ewing Photo Studio, Washington DC, portrait of ? Fed Governors? on steps
outside rowhouse-type building ; includes Strong
B&W / sepia of Gov. Strong speaking in front of Liberty Loan Clock, dated 10-27-17.
B&W / sepia on board - late 1800's? family photo w/ ID on front: "Ben, Oliver,
William, Jane, Arch"; a calling card for Mr. Edward Rascovar; B&W/ sepia oval photo
on board w/ ID on back: Ben Strong w/ his wife, young child, brothers, sister & parents
- Oliver, William, Archibald, Margaret L.B. Strong, Ben Strong (child), Ben Strong,
Jane Strong, Adelia S. Strong, Ben Strong

Series 1900: Estate Papers
1900.01

Strong - personal material (includes passport, marriage certificate, negatives, copy of
minute passed by FRBNY upon his death)

1900.02a

Strong Family History

1900.02b

Strong Family History. Material given to FRBNY in 1998 from Strong’s great
granddaughter Erica H. Jarrett. Includes 7/1998 letter to R. Lazenby describing items
given FRBNY by family.

1900.03

Correspondence & Condolences re: Strong's last illness and condolences following his
death Oct 6 - Oct 16, 1928

1900.04

Condolence messages Oct 17, 1928

1900.05

Correspondence re: illness and condolences. Oct 18 - Oct 31, 1928
Folder Descriptions
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1900.06

Correspondence re: death (4 of 5). Nov 1, 1928 - April 29, 1929

1900.07

Death announcement, details of funeral, condolences, FRBNY minute, obituaries in
int'l papers
SCRAPBOOK OF CLIPPINGS ETC.

1900.08

Newspaper clipping book during illness and after death. Sept - Dec 1928

1900.09

Benjamin Strong Bequest Memorial Fund

Oct 1928 - Dec 1933

1900.10

Benjamin Strong Bequest Memorial Fund

Jan 1934 - Dec 1936

1900.11

Benjamin Strong Bequest Memorial Fund

Jan 1937 - June 1980

1900.12

“Clippings from foreign newspapers concerning the visit of Benjamin Strong with
Hjalmar Schacht in July 1925. Booklet is a 1936 gift from Mr. Sailer (?) to research
library in memory of B. Strong.

Series 2000: History and Use of Strong Papers (Archivist’s File)
2000.00

Correspondence including memoranda regarding “The Governor Strong Project” – i.e.,
the formation of his papers into a collection, external sources of materials, and the
development of the collection. Includes some correspondence by Strong, dated June
20, 1925 and August 16, 1928, relating his wishes regarding his papers

2000.01

Correspondence regarding Benjamin Strong Biography, 1954-72.

2000.02

“Papers of Benjamin Strong, 1934-1972.” A file in originally kept in the Bank’s
Central Files, this folder contains correspondence regarding requests for use of Strong
Papers, use policies regarding the Papers, and correspondence documenting additions
to the collection (previously 100.2 in Central Files)

2000.03

“Papers of Benjamin Strong, 1926-1946” See above (previously 100.2L)

2000.04

Miscellaneous copies made from the collection with research notes regarding the
subject matter of some of the correspondence, etc.

Folder Descriptions
Page 94 of 168

4. Index to the Summary of the Strong Papers 61
Abbott, Gordon, 550.4
Abbott, Lawrence F., 660.2
ABC of the Federal Reserve System, The, 320.211, 650.2, 1125.1
Academy of Political Science, 670.5
Acceptances: in London, 610.1, 1000.2, 1112.1; in New York, 120.0, 211.1-211.4, 310.1, 320.113,
320.121, 320.221, 320.231, 410.0, 550.1, 610.1, 1112.1, 1112.3, 1116.3. See also
Credits and Loans.
Acheson, ? 62 1111.3
Addis, Sir Charles: concern about a Chinese consortium and of a loan, 320.225, 500.3, 610.3;
correspondence with, 1112.2; introductions by, 1112.2; introduction to, 012.6;
testifying before Royal Commission on Indian Currency and Finance by, 1116.6,
1117.1; visit to the United States in 1920 of, 320.113, 320.225. See also under Norman,
visit to the United States in 1921.
Adventure in Constructive Finance, An, 021.1, 120.0, 660.2
Agent General for Reparation Payments. See Dawes Plan, S. P. Gilbert, and P. Jay
Agriculture: prices in, 012.6, 022.0, 320.451, 630.3; problems in, 012.6, 320.228, 320.451, 690.0,
1000.7, 1330.1. See also S. Anderson, Cotton Loan Committee, Farmers’ Conference,
and Gold Fund Committee.
Aiken, Alfred L., 211.3, 211.4, 310.1, 320.122, 320.223, 610.2, 610.4
Albany, vital statistics in, 051.0
Adee, Alvey A., 011.1
Aldrich Bill, 550.3, 550.4
Aldrich, Nelson W., 610.2
Aldrich-Vreeland currency, 500.1
Alexander, James S., 013.1, 320.115, 320.121
61

While, as noted in the introduction, it is impossible to give briefly all the topics in the many letters in a file, it is attempted

here to include the topics mentioned in the summary as well as the names of all correspondents and their institutions.
62

It has been impossible so far to ascertain Acheson’s first name. He was in the British War Office in 1916.
Index
Page 95 of 168

Alexander, M. W., 670.6
Allen, J. H., 500.4
Alliance Trust Co., 63 1112.5
Allies: aid to 010.0, 211.3, 320.111, 320.151, 320.215, 610.2, 610.4, 620.3, 1000.2; joining, 1111.3,
1112.3. See also Europe, and particular countries under Credits and Loans.
Alsace-Lorraine, 1122.1
Altar of Liberty, 500.3
American Acceptance Council, 120.0
American Bankers Association, 320.211, 370.0, 500.5, 550.3, 550.4, 620.1
American Brake Shoe & Foundry Co., 630.1
American Can Co., 630.1
American Commission to Negotiate Peace, 012.7, 640.4, 1000.3
American Exchange Irving Trust Co., 550.3
American Express Co., 610.4, 630.2
American Foreign Banking Corp., 420.1
American Forestry Association, 620.3
American Freehold-Land Mortgage Co., 610.6
American Institute of Banking: local chapter of, 500.3, 500.4, 550.3, 550.5, 620.1; employee’s
completion of courses of, 320.213, 320.457, 500.3, 550.3; membership and meetings
of, 320.213, 320.457, 500.3, 550.3; membership and meetings of, 320.213, 500.3,
500.4, 550.3, 550.5, 620.1, 1012.5
American International Corp., 320.122, 610.3
American Locomotive Co., 630.1
American National Bank of Atlanta, 500.5
American Radiator Co., 320.122

63

A bank’s location is not listed separately in this index.
Index
Page 96 of 168

American Relief Administration, 013.1, 014.0, 1000.3
American Relief Clearing House, 014.0
American Telephone & Telegraph Co., 630.4
American Trust Co., St. Louis, 550.4
American Truth Society, 620.3
American Tube & Stamping Co., 630.1
Amerson, F. B., 550.5
Ames, Emerich & Co., 610.5
Amsterdam, visit to, 211.3, 1000.1, 1000.7, 1150.0
Anaconda Copper Mining Co., 630.1
Anderson, Sir Alan G., 1116.4, 1116.5, 1117.1, 1117.2
Anderson, Arthur M., 500.3, 610.2
Anderson, Frank, 1000.1
Anderson, Sydney, 022.0, 320.451, 1112.2
Angell, J. W., 670.2
Anglo-French Loan: repayment of 320.113, 320.225, 350.0; mission of 1915 for, 1111.3
Anthony, D. R. Jr., 012.6
Antibes, stay in, 1000.7
Antwerp, 1160.0
Antwerp, T. I., 550.3
Aoki, T., 1330.1
Appleton, Daniel, 680.1
Argentina: correspondence with ambassador of, 1230.0; relations with banks of, 211.4, 1230.0
Armour, Norman, 011.2
Army, 012.8, 021.3, 040.0
Index
Page 97 of 168

Army War College, addresses to, 014.0, 320.211, 320.242
Arnold, J. J, 500.6, 620.3
Asia Banking Corp., 610.3
Aspden, T. F., 610.3
Associated Press, 660.2
Association of Foreign Press Correspondents, 660.2
Aubert, ?, 1000.1
Auchincloss, James C., 610.4
Auchincloss, Joost & Co., 610.4
Auditing. See under Federal Reserve Banks.
Aueha, J., 1330.2
Australia, 1116.6, 1117.1, 1410.0
Austria: advisor for, 1116.4; aid to, 012.5, 012.8, 013.1, 320.114, 610.4, 1010.1, 1116.2-1116.4,
1117.1; American legislation to aid, 1116.3; conditions in, 011.1, 1010.1, 1116.2,
1116.3; position for man from, 610.3; visit to U. S. of bankers of, 320.213; war debts
of, 1116.3, 1116.4
Avenol, Joseph, 012.7, 013.1, 1000.9, 1116.2
Ayres, Leonard P., 013.3, 320.452
Bachmann, G.: conferred during trips to Europe, with, 1000.6, 1000.7; correspondence with, 1170.0;
position on central bankers conference, of, 1116.7; position on gold study of League of
Nations, of, 1117.2; visit to the United States in 1927 of, 320.227, 320.351
Bagehot, W., 610.2
Bailey, H. O., 550.1
Bailey, W. J., 400.0
Baker, George W., 500.2, 500.3, 610.2, 690.0
Baker, Newton D., 320.420
Balance of payments, 013.1, 021.2, 320.227, 320.380, 320.453, 320.455, 650.4, 670.2. See also Gold
Index
Page 98 of 168

Fund Committee and under Germany.
Balance of trade, 211.2. See also Gold Fund Committee and under Japan.
Baldwin, Stanley, 012.8, 1000.6, 1011.2, 1111.1
Balfour, Sir Robert, 1112.3
Balfour, Williamson & Co., 1112.3
Bali, 660.2
Banca Commerciale Italiana, 550.1
Bancity Corp., 320.122, 320.227
Banco de la Nacion Argentina, 211.4, 1230.0
Banco Espanol del Rio de la Plata, 550.1
“Bank and Banker, The”, 650.4
Bank of America, 320.116, 320.122
Bank of Athens, 550.1
Bank of Buffalo, 550.5
Bank of California, 550.5, 1000.1
Bank of Chosen, 1330.2
Bank of England: account with, 320.229, 1117.1; advance to, 320.226; article on, 320.213;
correspondence with directors and officers of, 1112.1, 1112.2, 1115.1-1117.2; credit
to, 210.4, 320.115, 320.228, 500.6, 1116.5, 1116.6; dollar holdings of, 1117.2;
fiduciary circulation of, 320.457; gold earmarked by, 1180,0; gold holdings of, 1000.1,
1115.2-1117.1; handling of bond issues by, 1111.3; loan to Reichsbank by, 1116.4;
management of, 1000.1, 1117.2; operations of, 211.2; rate changes of, 212.1, 320.112,
320.242, 1116.1, 1116.4-1116.8, 1117.1; relations of British banks to, 320.215;
relations with the Bank of France of, 1000.9, 1117.1, 1117.2; reserve ratio of, 1117.1;
sending reports to, 320.451; shipments of gold to, 550.1, 1115.2; statistical and
information office of, 1117.2. See also under officers, Anderson, Cokayne, Cunliffe,
Harvey, Lubbock, Mahon, Norman, Osborne, Paice, and Stewart. See also Central
Banks, particular central banks, and particular countries for relations with these banks
and stabilization programs. See also Great Britain.
Bank of England, Federal Reserve Agreement with,: Board’s announcement of, 210.1-210.3,
211.1, 211.4, 320.112, 320.121, 320.122, 320.152, 320.222, 1116.1, 1122.2; drafts of,
210.1, 1115.1, 1115.2; preparing, 210.1, 211.1, 211.3, 320.111, 320.151, 320.221,
Index
Page 99 of 168

1115.1, 1115.2; operations under, 212.1, 320.223, 320.215, 410.0; trip to see about,
011.2, 320.222, 610.2, 1000.2
Bank of England Act of 1844, 1112.4
Bank of Finland, 320.457, 1116.6, 1117.2
Bank of France: agreement with, 012.1, 320.111, 320.151, 320.152, 320.215, 500.2, 1000.2, 1122.2,
1125.1; annual report of, 1125.1; as agent of Federal Reserve Banks, 1121.0; Conseil
General of, 1125.1; data on, 320.457; earmarking gold by, 320.225, 1125.2; earmarking
gold for, 1121.0; foreign exchange and gold holdings counted by, 1122.1; regent of,
1122.2; relations with the Bank of England of, 1000.9, 1116.7, 1117.1, 1117.2;
shipments of gold from, 1125.2; shipments of gold to, 011.2, 1125.1; stabilizations
plans of, 210.4, 1000.7, 1000.9. See also officers, Moreau, Pallain, Ricard, Rist, and
Robineau, and also France, and Romania.
Bank of Italy, 320.457, 1000.7, 1000.8, 1140.0. See also Italy.
Bank of Japan, 011.1, 320.451, 320.457, 1000.4, 13301.1
Bank of Liverpool, 550.2
Bank of Montreal, 1115.2, 1210.0
Bank of the Peoples, 1160.0
Bank Polski, 012.8, 210.4, 320.227, 1000.6, 1180.0. See also Poland.
Bankers: American, 012.8, 013.1, 500.3, 610.4, 630.2; European, talks with, during trip of G. L.
Harrison, 320.228, 1125.3; of P. Jay, 320.114, 320.115; of S. A. Morgan, 320.241; of
C. Snyder, 320.451, 320.453; of E. Wadsworth, 012.8. See also Trips (Strong), Central
bankers, particular bankers, and countries.
Bankers Committee of London, 550.1. See Committee of New York Bankers.
Bankers Committee of New York, 210.1n. See Committee of New York Bankers.
Bankers Encyclopedia, The, 610.1n
Bankers Trust Co., 021.2, 320.215, 550.1, 550.2, 1000.1, 1000.2
Banking: associations, 320.312, 620.1; contributions to sound, 120.0; houses in France, 1000.1,
1000.2, 1112.1-1112.3, 1115.1; houses in Italy, 1140.0; houses in Japan, 1330.2;
houses in the Netherlands, 1150.0; houses in the United States, 610.1-610.5;
questionnaire on, 690.0; rivalry of London and New York in, 1112.3, 1112.5;
supervision of, 021.2.
Banking legislation, 021.2, 022.0, 051.0, 500.2, 550.1, 610.2. See also the Aldrich Bill, Clayton Act,
Federal Reserve Act, McFadden Bill, and the Pittman Act. See also Bank of England
Index
Page 100 of 168

Act of 1844, Currency and the Bank Notes Bill, Commonwealth Bank Act (and Bill,
Gold Standard Act, 1925, and Gold Standard and Reserve Bank of India Bill.
Banks: agency (or branch) of foreign, 1122.2; country, 610.5; Federal Reserve, 310.1-420.2; funds of
foreign, 320.420; national, 320.214, 500.1-500.6; state, 5501-550.5. See also particular
banks.
Banque de Paris et des Pays-Bas, 1000.1
Baring Brothers, 1000.8, 1112.2, 1112.3
Barlow, Robert S., 640.5
Barnes, Julius H., 320.453, 620.2
Barnett, B. H., 500.5
Barnett National Bank, 500.5
Barney, Mrs. Charles T., 690.0, 1111.3, 1330.2
Barney & Co., Chas. D., 610.4
Barrows, D. H., 320.153
Barthou, L., 1011.1
Baruch, B. M., 660.2
Basle, visit to, 1000.6, 1000.7
Battery Park National Bank, 500.3
Beach, E. P., 680.1
Beacon, New York, vital statistics in, 051.0
Beal, Thomas P., 012.1, 210.1, 500.4
Bearse, H. L., 320.228
Bedford, A. Cotton, 630.1
Belgium: conditions in, 1000.3; correspondence with officials and bankers of, 1160.0; credits to,
320.225, 320.229, 320.551; debt funding by, 012.3, 012.6; emergency currency of,
211.3; German gold in, 012.7, 1000.3; minister to the United States of, 610.3; sculptor
of, 1160.0; stabilization plans of, 012.3, 1000.7, 1116.5, 1116.6, 1117.1, 1122.1; talks
with officials and bankers of, 1000.3, 1000.6, 1000.7, 1117.2, 1122.1; United States
official in, 011.2; views on reparation payments in, 1011.1, 1011.2. See also National
Index
Page 101 of 168

Bank of Belgium.
Bell, Henry, 1112.3
Bellah, R. C., 320.380
Bellerby, J. R., 212.1, 320.242, 1015.0
Belmont, Mrs. August, 690.0
Benedict, Harry E., 610.4
Beneduce, Alberto, 1000.8
Bengal, 1000.4
Bennett, J. J., Jr., 610.2
Benson & Co., Robert, 1000.1
Berger, G. F., 620.1
Bergmann, ?, 1000.1, 1130.0
Berlin, trip to, 1000.1, 1000.7
Berliner Handels-Gesellschaft, 1130.0
Bethlehem Steel Corp., 630.1
Bethlen, Count Stefan, 1011.2
Beyer, G., 320.212n, 320.213
Biarritz, stay in, 1000.6
Bieber, S. J., 550.1
Biggs, D. C., 380.0
Bills: eligible, in Paris, 1000.2, 1122.1; foreign, 320.121; purchasing of, 310.2; sterling, 320.227,
1112.2. See also Acceptances and Commercial paper.
Bisbee, Eldon, 640.4
Bisgaard, L., 1000.4
Blackett, Sir Basil: comments, on 1111.3, 1112.5; correspondence with, 1010.1, 1111.1; exchanging
data with, 320.380, 1111.3: meeting in London with, 1000.2; on Austrian loan, 1010.1,
Index
Page 102 of 168

1116.3; position on gold standard for India of, 1000.7, 1111.1; purchasing silver for
India by, 012.7; trip to United States in 1914 of, 012.1, 210.1
Bleecker, M., 320.213, 1000.6
Blinzig, A., 1000.1
Bloch, J. Frederick, 1121.0
Bogart, E. L., 650.2
Boies, W. J., 320.454
Boissevain & Co., Messrs. Adolph, 1150.0
Bok Lecture Course, 650.4
Bomb on Wall Street, 320.213
Bombay Java Trading Co., 1000.4
Bombay Co., 1116.1
Bonbright & Co., Wm. P., 610.5
Bond Club of New York, 320.211, 610.6
Bonds: and stocks held by foreigners in 1914, 021.2, 500.2, 610.5, 630.2, 1000.1; issues of, 320.231,
330.0, 1000.1; market for, 320.457; war, 012.4. See also Liberty Bonds, Victory
Bonds, Credits and loans, Committee of New York Bankers, Gold Fund Committee,
and war bonds under Great Britain.
Borah, William E., 021.3
Boston Clearing House, 500.4
Bourke, Schiff & Co., 1000.1
Bowers, T. W., 320.420
Bowery Savings Bank, 550.5
Bradbury, Sir John, 1011.1
Brady, P. J., 550.3
Brand, R. H., 320.453, 1000.8
Brigham, Mrs. C., 1122.1
Index
Page 103 of 168

Brist, G. L., 210.1
British-American Mortgage Co., 1000.1
British & Foreign Sailors’ Society, 1111.3
British Recovery Act, 1012.1
British War Mission, 1111.3
Brokers, stock, 610.1, 610.2, 610.4
Brookings, Robert S., 670.1, 670.6
Brooks Brothers, 630.3
Brown, James, 610.1, 610.2, 1111.3, 1116.1
Brown, John B., 012.9
Brown, Shipley & Co., 1112.3
Brown Brothers & Co., 610.1
Brussels: International Financial Conference of 1920 in, 1010.1; meeting of 1925 in, 630.1; visit to,
1000.3, 1000.6, 1160.0
Bryan, William Jennings, 011.1, 630.2, 630.3
Bryce, Lord (James Bryce), 1111.3
Buchanan, ?, 1000.1
Budget: system, 012.1, 012.2, 016.0, 120.0, 680.1, 1111.1, 1700.18; legislation, 610.2, 680.1. See
also R. S. Brookings, National budgetary reform, and under India, Italy, France,
Germany, and Philippines.
Budget Bureau, 680.1
“Budget System for the War Department, The”, 670.1
Buffalo, 320.121, 500.3. See also Buffalo Branch under Federal Reserve Bank of New York.
Bulgaria, 1000.7, 1000.8. See also National Bank of Bulgaria.
Bullen, Percy S., 660.2
Bullock, Charles J., 670.2
Index
Page 104 of 168

Bunge, E., 1160.0
Burgess, W. Randolph: book by, 1135.0; correspondence with, 320.242, 1000.9; editing and
preparing material for Strong, 320.211, 320.242, 660.1, 1000.7; proposed as Agent,
012.3, 320.115, 320.122, 320.242.
Burma, trip to, 1000.4
Burnett, Marguerite, 320.457
Burns, Alexander, 550.1
Burns, H., 630.2
Burrell, H. D., 011.1, 1000.2
Burton, Theodore E., 012.2, 550.1
Carr, Wilbur J., 011.1
Carter, Bernard, 1122.1
Case, George, Jr., 610.2
Case, James Herbert: as acting head of Bank, 320.113; comments on, 012.8; correspondence with
211.5, 320.225-320.227, 1000.4, 1000.6, 1000.7, 1000.9; offer of positions to, 320.115,
320.225, 320.227, 320.229, 1012.1; Polish honor to, 1180.0; showing letters to,
320.213.
Case, Pomeroy & Company, 1117.2
Case for Capitalism, The, 1112.4
Casenave, Maurice, 1121.0
Cassel, Gustav, 022.0
Catchings, Waddill, 120.0, 1015.0
Celier, Alexandre, 012.7, 1121.0
Central bankers: list of, 320.212; meeting in New York in 1927 of, 1012.3, 1116.7, 1117.1, 1125.3,
1135.0; meeting in 1921 of Scandinavian, 1116.2; need for meeting in 1919 of, 011.2;
in 1928 of, 1116.7; role of, 1116.2. See also Bankers (European), Central banks, and
particular central banks and bankers.
Central banks: accounts with, 310.2, 320.226, 400.0, 500.2; agreements with, 211.4, 310.1;
cooperation of, 320.114, 320.122, 1150.0, 1330.1; data on, 320.457, 1410.0; foreign
Index
Page 105 of 168

exchange holdings of, 320.456; London Conference of (proposed at Genoa), 012.8,
210.3, 212.1, 320.215, 320.452, 1000.6, 1116.3, 1116.5, 1116.6, 1117.1, 1330.1;
relations with, 210.3, 320.113, 320.114, 320.222, 370.0, 500.2, 1122.1. See also Genoa
Conference and particular central banks.
Central International and National Corporations, 1116.3
Central International Corporation, 1116.3
Central Mortgage & Trust Co., 550.4
Certificate of indebtedness, 320.380, 610.4. See securities under Government, open market
operations, and Open Market Investment Committee.
Chadbourne, Hunt, Jaeckel & Brown, 640.4
Chadbourne, W. M., 640.4
Chamber of Commerce of the United States, 011.1, 620.2
Chandler, Henry A. E., 320.453
Chaoulitch, Y., 610.6, 1190.0
Chase National Bank, 500.1
Checks, use in France of, 1125.1. See Clearing and Collection system.
Cheney, O. H., 051.0
Cheney, Col. S. P., 660.2
Chesapeake & Ohio Railway Co., 630.2
Chicago Rate Controversy, 325.02
China, 320.225, 500.3, 610.3, 660.2, 1000.4, 1150.0
Chinese-American Bank, 610.3
Choate, Joseph, 1111.3
Chubb, H., 610.6
Chubb & Son, 610.6
Churchill, Winston, 012.6
Churchill-Caillaux debt agreement, 011.2
Index
Page 106 of 168

Ciechanowski, Jan, 1180.0
Citizens National Bank of Oneonta, 320.122
Claiborne-Adams plan, 310.2
Clark, J. B., 670.6
Clayton Act, 211.3, 320.111, 320.151
Clearing: British system of, 1000.2; Houses and House Associations, 213.1, 325.02, 410.0, 1010.1;
of checks, 211.1, 310.1, 320.111, 350.0; problems of, 211.2, 410.0. See also Boston
Clearing House, International Clearing House, New York Clearing House Association,
Collection System, and Committee of U. S. Clearing House Banks.
Cleveland Trust Co., 550.4
Clifford, Col. Edward, 012.3
Coal, stocks of, 013.1
Cochran, Thomas, 013.1
Coding for cables, 320.351, 320.352, 1117.2
Cokayne, Sir Brien, 320.213, 1000.2, 1000.3, 1115.2
Collection system: in London and Paris, 1000.2, in the United States, 211.1, 310.1, 320.111, 320.114,
320.228, 320.340, 350.0, 370.0, 390.0, 420.1, 500.1, 550.5, 620.1.
Collier’s Weekly, 320.211, 660.2
Cologne, Schachts’s speech at, 1135.0
Colorado Fuel & Iron Co., 630.1
Columbia University, 650.4
Colvin, A. B., 550.3
Commerce Department, 013.1-013.3, 320.242, 550.1, 630.4
Commercial paper, 021.2, 420.2, 500.1, 550.4, 610.5. See also Acceptances and Bills.
Committee of Bankers, 690.0
Committee of New York Bankers, 011.1, 012.1, 210.1, 320.214, 550.1, 630.3. See also the Gold
Fund Committee and under United States, aid to travelers from.
Index
Page 107 of 168

Committee of United States Clearing House Banks, 210.1n. See Gold Fund Committee.
Committee on Currency and Foreign Exchanges (Cunliffe), reports of, 320.451, 1111.2, 1115.1,
1115.2
Committee on Currency Supply and Distribution, 320.228
Committee on Economic Research of Harvard University, 670.2
Committee on Exchange Lecturers between Japan and the United States, 610.6
Committee on National Defense, 610.3
Committee on the Currency and Bank of England Note Issues, reports of, 1116.5
Commonwealth Bank Act (Australia), 1410.0
Commonwealth Bank Bill (Australia), 1410.0
Commonwealth Bank of Australia, 1410.0
Communism, threat of, 550.3
Comptoir National D’Escompte de Paris, 1000.1, 1122.2
Comptroller of the Currency, 012.8, 320.152, 550.1, 1112.2
Conditions, economic, See Economic conditions.
Confederacy, 011.1
Conference of State Bank and Trust Companies, 620.1
Conference on the Limitation of Armaments, 011.1, 1330.1
Conference on Unemployment¸010.0, 013.1-013.3, 620.3, 670.4. See also Unemployment.
Congress: actions of, 620.1; methods of, 022.0; testifying before, 1012.3. See House of
Representatives and Senate and also Aldrich Bill, Clayton Act, Fairfield Bill, Federal
Reserve Act, Jones Law, Kenyon Bill, McFadden Committee, McNary-Haugen Bill,
Pittman Act, the Strong Bill, and G. N. Haugen.
Constantinople, 011.2, 014.0, 550.1, 1000.3
Cooke, Jay, 610.2
Cooke, W. P., 500.3, 1012.5

Index
Page 108 of 168

Cooksey, G. R., 012.2
Coolidge, Calvin, 010.0, 012.3, 012.6
Corey, C. T., 610.5
Corn Exchange Bank, 550.5
Cose, O. M., 610.3
Cotton: exchange offices for, 610.4; expert in, 610.4; plans and problems of, 210.1, 320.214, 500.5,
550.2, 550.4, 610.4. See also Cotton Loan Committee and Gold Fund Committee.
Cotton, Joseph P., 320.213, 640.4
Cotton Loan Committee: contributing to, 012.1, 210.2, 500.6, 550.4, 610.6; loans from, 210.2;
meetings of, 500.1; purpose and need for, 210.1, 211.2, 640.4; reporting on, 2101.
Cotton Loan Fund, See Cotton Loan Committee.
Coudert Brothers, 640.4
Coventry, 1111.3
Coverdale, W. H., 610.3
Cowdin, E. C., 500.3
Cramer, S. B., 370.0
Crane, Jay E., 320.229, 320.351, 1125.2, 1180.0
Crauford-Stuart, C. K., 1111.3
Cravath, Henderson, Leffingwell & De Gersdorff, 640.1
Credit: control of, 212.1, 320.113, 320.242, 320.452, 320.456, 650.1, 1015.0; international instrument
for, 500.4; policy, 640.1, 650.3; situation, 010.0, 210.5, 320.122, 320.215, 320.225,
320.228, 320.454, 320.457, 610.5, 1000.1, 1111.3, 1330.0. See also particular foreign
countries.
Credits and loans: to Americans, 011.1, 011.2, 012.1, 210.1, 210.2, 500.2, 610.1, 610.2, 1000.1,
1111.3
Credits and loans to foreigners: American government policy on, 011.1, 013.1, 1012.1; during war,
012.1, 210.2, 211.1-211.4, 320.111, 320.121, 320.122, 320.231, 500.6, 550.5, 610.1,
610.2, 1111.3; during postwar years, 012.5, 012.6, 320.227, 320.228, 320.231,
320.241, 320.457, 1000.3, 1116.2. See also under Allies, and particular countries.

Index
Page 109 of 168

Credit Lyonnais, 1000.1, 1122.2
Credito Italiano, 1140.0
Crissiner, Daniel R., 012.6, 012.8, 210.4, 310.2, 500.2
Cuba, 212.1, 320.231. See also Cuban agency under Federal Reserve Banks.
Cullen, Lord. See Sir Brien Cokayne.
Cummins, Albert B., 012.3
Cunliffe, Lord (Walter Cunliffe): comment on, 1112.5; correspondence with, 1115.1; death of,
370.0, 1115.1, 1115.2; meeting in Europe with, 1000.2, 1115.1; trip to United States in
1917 of, 320.112, 320.223, 610.2, 1115.1.
Cunliffe Committee. See Committee on Currency and Foreign Exchanges.
Cunningham, Edward H., 021.3
Currency: elastic, 021.2; emergency, 210.1, 500.1, 550.4; international exchange, 500.3; legislation
on, 500.2, 500.3; movements of, 660.2; question, 1150.0; questionnaire on, 690.0;
reform of, 013.1, 320.122, 500.2, 620.1; regulation of, 1015.0; types in world of,
320.228, 500.2. See also Federal Reserve Notes, United States notes, and certificates
under Gold, and particular countries.
Currency and Bank Notes Bill (Great Britain), 1000.9
Currie, M. D., 610.3
Curtis, Fosdick & Belknap, 320.151
Curtis, James F., 320.151, 320.152, 500.2, 5501, 630.3, 640.3, 1122.2
Curtiss, Frederick H., 310.2
Curzon, Lord (George Nathaniel Curzon), 1011.2
Cutler, Otis H., 630.1
Cuyler, T. De Witt, 1112.5
Czech Finance Ministry, 012.6, 500.2
Czechoslovakia, 500.2
D’Abernon, Lord (Edgar Vincent), 1012.5
Daily Princetonian, 320.211
Index
Page 110 of 168

Daniels, Josephus, 015.0
Darling, J. F., 320.231
Dart, F. R., 051.0
Davis, F. H., 320.115
Davis, John W., 011.2, 016.0, 640.4
Davis, Norman H., 012.7
Davis, Polk, Wardwell, Gardner & Reed, 640.4
Davison, George W., 013.1
Davison, Henry P., 320.215, 610.2, 610.4, 630.2, 1111.3
Davison, Henry P., Jr., 610.2
Davison, Mrs. Kate, 610.2
Dawes, General Charles G., 016.0, 320.122, 640.4
Dawes, Rufus G., 630.4
Dawes Plan: comments on, 210.4, 320.115, 670.2, 1011.1, 1012.6, 1116.4, 1116.8, 1125.2; choice of
Agent General for, 1011.1, 1116.4; choice of Deputy Agent General for, 320.115,
320.227, 320.229, 1012.1; correspondence with official of, 1012.1-1012.6; loan for,
210.4, 1011.1, 1122.2; London Conference on, 212.1, 1117.1; meeting on, 012.6,
1000.5; reparation payments according to, 320.454, 320.456, 1000.6, 1000.7, 1012.6,
1125.2; reports of Experts’ Committees (Dawes and McKenna), for, 120.0, 320.454,
610.2. See also Reparation payments and Germany.
Dawson, Ralph, 610.3
Day, Edmund, 320.453
Day, Joseph P., 011.1, 630.3
Day, W. A., 420.2
De Billy, Edouard, 1121.0
De Bruyn, I., 1150.0
Debt: foreign, 211.1, 630.1, 630.4; funding or settling of, 012.5, 012.6, 1000.6, 1116.3; government,
320.380, 320.457; obligations, 320.452; payments of, 012.5, 320.211, 1000.5, 1000.7,
Index
Page 111 of 168

1012.6, 1116.2; war, 012.4-012.6, 013.1, 213.1, 320.115, 660.2, 1000.3, 1000.51000.7, 1011.1, 1116.8. See also National budgetary reform, Dawes Plan, Reparation
payments, and particular foreign countries.
De Cartier de Marchienne, E., 610.3
Decker, E. W., 500.6
De Iriondo, M. M., 1230.0
Delacroix, Leon, 1000.7, 1011.2
Delano, Frederic A., 211.2, 500.3
Delano, Moreau, 610.1, 1116.8
De Lasteyrie, C., 012.8
De Lima, E. A., 500.3
De Martino, N. G., 1140.0
Democratic: Convention, 1011.1; Party, 640.4
De Nederlandsche Bank, See Netherlands Bank.
De Neuflize, Jacques, 1122.2, 1125.1, 1125.2
De Neuflize, Baron Jean, 1122.2
De Neuflize & Cie., 1122.2
Denison & Curtis, 320.151
Denmark, 320.457. See also Scandinavia.
Denzan, G., 610.3
Department of Agriculture, 320.453
Deposits: time, 320.242, 320.456; demand, 320.242; reserves for, 610.2
Derby, George, 660.1
Dernberg, D., 620.3
De Rothschild, Baron Edouard, 1000.2
De Sanchez, J. A. M., 610.2, 1116.6
Index
Page 112 of 168

De Sieyes, J., 1121.0, 1125.2
De Soete, P., 1160.0
De Taube, N., 610.3
Deutsche Bank, 1000.1, 1130.0
Devastation, war, 1000.3
Dewey, Charles S., 012.8
Diamond Match Co., 610.2
Dickinson, L. J., 012.6
Dillon, Read & Co., 1012.6
Dinard, trip to., 1000.7
Dinwiddie, W., 620.1
Diplomacy of the War of 1914, The, 1111.3
Direction der Disconto Gesellschaft, 1000.1
Disarmament, 1011.2. See also Conference on Limitation of Armaments.
Discount market: in London, 1116.1; in the United States, 320.113, 320.231, 610.5
Discount rates: Board’s authority over, 320.122, 640.3; comments on prewar, 670.5; war, 650.1,
650.3, 670.6; postwar, 012.4, 120.0, 212.1, 310.1, 320.113, 320.224, 320.225, 320.242,
320.451, 325.02, 620.2, 640.1, 650.1, 650.3, 670.6, 1000.4, 1116.1; from 1923 through
1925, 212.1, 320.114-320.116, 320.226, 320.227, 320.231, 1000.6, 1116.5, 1117.1; in
1926, 210.4, 320.115, 320.227, 320.231, 1000.7, 1135.0; controversy in 1927 over,
320.121, 320.242, 400.0, 1012.3, 1330.1; in 1928, 320.227; changes to, 325.02. See
also under foreign central banks. Discount rates are also mentioned in connection with
other topics such as Money market, Open Market Operations, and Stock Market.
Dix, John A., 051.0
Dix, William F., 610.6
Dockery, A. M., 320.214
Dodge, Martin, 620.3
Dolleans, Edouard, 1122.2
Index
Page 113 of 168

Domestic exchange, 640.4. See also Clearing and Collection system and under particular central
banks.
Doriot, G., 320.227
Doubleday, Page & Co., 660.2
Dresdner Bank, 1000.1
Dulles, John Foster, 640.4
Dunne, F. P., 660.2
Dupont & Furlaud, 1000.1
Dutch East Indies, trip to, 660.2, 1000.4
Dwinnell, C. H., 500.4
Eagan, Martin, 610.2
Earthquake, Japanese, 320.232, 1330.1, 1330.2
Economic Advisory Committee, 013.2
Economic Conditions: In Europe, 012.8, 013.1, 320.215, 320.229, 320.451, 320.452, 690.0, 1000.11000.9, 1122.1; in the Orient, 1000.4, 1150.0; in the United States, 012.4, 013.1, 013.2,
210.3, 320.457, 670.6, 1000.1, 1000.4, 1111.2, 1116.1, 1330.1; in the world, 012.6,
212.1, 620.2, 660.2, 1116.1, 1116.2, 1330.1; war and postwar, 040.0, 212.1, 660.2,
690.0, 1000.4, 1112.5. See also particular aspects under particular foreign countries.
Economic Consequences of the Peace, The, 320.213
Economic Foundation, 630.4
Economic Journal, 1116.3
Economic policies, views on, 640.4
Economic Review, The, 1116.3
Economics, books on, 610.2
Economist, The, 1112.4
Economists: correspondence of Strong with American, 650.1-650.4, 670.1-670.6; list of, 320.242;
views of American and European obtained by Snyder, 320.451-320.454. See also other
European, Bellerby, Cassel, Doriot, Goschen, Hawtrey, Jeze, Keynes, Lansburgh,
Index
Page 114 of 168

Lehfeldt, McKenna, Paish, Ricardo, A. Smith, Strakosch, Wicksell, and Withers.
Edison, Thomas A., 320.451
Edwards, G. W., 650.4
Egypt, 320.457
Eliot, Charles W., 211.1
Elliott, M. C., 211.1
Ely, H. E., 014.0
Emergency. See Currency, Unemployment, and Kenyon Bill.
Emerson, Guy, 012.2, 500.3
Emery, H., 500.3
Emigrant Industrial Savings Bank, 550.5
Employment. See Unemployment.
Endicott Johnson Shoe Co., 630.1
England. See Great Britain.
Englewood Hospital, 610.2
Equitable Trust Co., 550.3, 1000.1
Ericson, P., 320.213, 1000.3
Etting, Philip, 012.8
Europe: aid to, 013.1, 014.0, 1000.3, 1116.2; borrowing by, 610.4; consumption in, 320.242;
government officials of, 1012.3; interest rates in, 630.2; needs of, 014.0; United States
officials in, 012.8. See also under Allies, Bankers, Economic conditions, Gold, Trips,
and particular countries.
Evian-les Bains, stay in, 1000.7, 1000.9
Exchange rates. See Foreign exchange.
Exchange stabilization. See under Foreign exchange and particular countries.
“Executive Budget System, An”, 640.2

Index
Page 115 of 168

Experts’ Committees’ Reports, See under Dawes Plan.
Fairfield Bill, 040.0
Falk, O. T., 1116.3
Fancher, E. R., 340.0
Far East. See Orient and particular countries.
Farm Bureau, 690.0
Farm relief. See Agriculture.
Farmers’ Conference, 670.6.
Farmers Loan & Trust Co., 320.225, 500.2, 1000.1
Farnsworth, Frederick E., 620.1(g)
Farrer, Gaspard, 012.6, 1112.3, 1112.5
Federal Advisory Council: correspondence with members of, 120.0, 320.121, 500.1, 610.2;
recommendations of, 120.0; views of members of, 120.0, 320.112, 320.115.
Federal Farm Board, 012.6
Federal International Banking Co., 420.1
Federal Reserve Act: amendments in 1916 to, 011.2, 022.0, 210.2, 211.1, 211.3, 610.2, 1112.1,
1116.1; amendments in 1917 to, 210.3, 211.4, 310.1, 1115.1; amendments in 19201922 to, 010.0, 320.113, 1000.4; as proposed in 1913, 021.2, 022.2, 211.2, 320.151,
500.2, 550.1, 550.3-550.5, 610.6, 630.1, 640.3, 670.5; comments on, 211.1, 211.2,
500.3, 610.5, 1000.1, 1112.3, 1180.0; purposes of, 021.2.
Federal Reserve Agent: correspondence with, 310.2, 320.111-320.116, 410.0, 1000.2-1000.7,
1000.9; correspondence with Assistant, 320.241, 320.242, 420.2, 1000.9; duties of,
320.111; hiring of Assistant, 320.112; relations with governor of, 320.122, 410.0;
reports of, 210.2; selection of New York, 012.3, 211.2, 320.115, 320.116, 320.122,
320.242, 690.0.
Federal Reserve Bank of Atlanta, (Correspondence with officers. See also particular officers and
topics.) 360.0
Federal Reserve Bank of Boston, (Correspondence with officers. See also particular officers and
topics.) 310.1, 310.2
Federal Reserve Bank of Chicago, (Correspondence with officers. See also particular officers and
topics.) 370.0
Index
Page 116 of 168

Federal Reserve Bank of Cleveland, (Correspondence with officers. See also particular officers and
topics.) 012.6, 340.0
Federal Reserve Bank of Dallas, (Correspondence with officers. See also particular officers and
topics.) 410.0
Federal Reserve Bank of Kansas City, (Correspondence with officers. See also particular officers
and topics.) 400.0
Federal Reserve Bank of Minneapolis, (Correspondence with officers. See also particular officers
and topics.) 390.0
Federal Reserve Bank of New York: annual report of, 1122.1; Buffalo branch of, 320.500; building
of, 210.3, 320.113, 320.114, 320.215, 320.227, 320.232, 320.420, 550.3, 1116.1;
choice of deputy governor of, 211.3, 211.4, 213.1, 320.111, 320.112, 320.122,
320.221-320.223, 350.0; choice direction of, 211.2, 320.115, 320.122, 320.227, 550.1;
choice of Governor of, 211.2, 320.122, 320.215, 320.229. 500.6, 610.2, 1000.1;
correspondence with officers and staff of, 320.111-320.500, 1000.2-1000.7, 1000.9;
efficiency and economy of, 320.226; examination of, 210.4; expenses of, 210.4,
320.232; minutes of directors of, 320.116, 320.227; operations of, 320.228;
organization of, 320.111, 320.116, 320.151, 320.152, 320.228, 550.1, 610.2, 690.0,
1000.1; problems of, 320.122; promotions in, 320.227; rechartering of, 320.115;
relations with Board of, 210.1, 210.2, 320.115, 320.122, 320.222, 320.229; relations
with J. P. Morgan & Co., of, 610.2; salaries in, 210.3, 210.4, 320.221, 320.222,
320.228, 320.232; statistical work of, 320.451-320.457; subscription to stock of, 500.1;
transactions of, 320.232; weekly statements of, 320.111, 320.320. See also Federal
Reserve Agent and key officers, notably Burgess, Case, Curtis, Harrison, Jay, Snyder,
and Treman, and foreign central banks.
Federal Reserve Bank of Philadelphia, (Correspondence with officers. See also particular officers
and topics.) 330.0
Federal Reserve Bank of Richmond, (Correspondence with officers. See also particular officers and
topics.) 210.3, 350.0
Federal Reserve Bank of St. Louis, (Correspondence with officers. See also particular officers and
topics.) 380.0
Federal Reserve Bank of San Francisco, (Correspondence with officers. See also particular officers
and topics.) 420.1, 420.2
Federal Reserve Banks: (For Federal Reserve Banks in general or those other than the New York
Bank.) accounts between, 320.112; agencies (including Cuban) of, 012.6, 120.0, 210.4,
211.2, 410.0, 500.2, 1121.0, 1122.2; auditing problems of, 320.320; buildings of,
010.0, 360.0, 410.0, 1000.4; correspondence with officers of, 310.1, 310.2, 320.214,
330.0-420.2; earning assets of, 320.280, 330.0, 350.0; earnings of, 380.0; establishment
of, 021.2; foreign accounts of, 320.242, 500.2, 1140.0; management of, 021.1;
members banks of, 012.5, 021.1, 210.4, 310.2, 320.122, 320.214, 320.340, 320.420,
Index
Page 117 of 168

500.2, 610.2; relations among, 400.0; role of directors of, 400.0; salaries in, 350.0;
selection of directors for, 211.2, 610.6; selection of personnel for, 210.1, 211.2,
320.228, 370.0, 410.0, 550.4; weekly statement of, 1112.4; wire transfer charges of,
370.0. See also Federal Reserve Agent, Federal Reserve System, Governors’
Conference, Open Market Investment Committee, and various topics such as Clearing,
Collection system, Discount rates, and Gold.
Federal Reserve Board: additional member of, 010.0, 320.152; appointment of members of, 012.3,
014.0, 021.1, 021.2, 120.0, 210.3, 211.5, 310.2, 320.115, 320.214, 500.2; appointment
of officers of, 211.1, 310.2, 320.111, 320.215, 640.1, 1012.3; comments on, 320.228;
committee on economy and efficiency of, 212.1; correspondence with members and
staff of, 210.1-213.1; organization of, 1000.1; powers of, 325.02, 640.3, 1000.4;
relations of Banks with, 211.1, 320.121, 320.122, 320.214, 320.242, 400.0, 410.0,
550.1; relations with J. P. Morgan of, 610.4.
Federal Reserve Bulletin, 213.1
Federal Reserve Club Magazine, 320.213
Federal Reserve Exchange Committee, 370.0
Federal Reserve notes: as legal tender, 320.121; comments on, 212.1; interest on, 330.0; reserves for,
211.2, 610.2.
Federal Reserve System: books on, 021.1, 120.0, 213.1, 310.2, 320.211, 650.2, 660.2, 1125.1;
comments on, 016.0, 212.1, 1115.1; differences on, 012.2; information on, 690.0;
international operations of, 011.1; management of, 212.1; organization of, 1000.1,
1112.5; policy of, 620.2, 670.2, 670.3; problems of, 320.122, 1117.2; relations with
stock exchange of, 610.4; role during war of, 1112.5; speeches on, 212.1, 320.211,
500.3, 650.3, 1330.1; work in, 610.4.
Federal Reserve System, The, 021.1, 120.0, 213.1
Federalist, The, 320.116
Federation Bank & Trust Co., 550.3
Feick, William, 500.3
Felder, Thomas J., 690.0
Felsenberg, M., 1122.2
Fenoglio, P., 013.1
Fidelity – International Trust Co., 550.3
Fidelity Trust Co., 550.4

Index
Page 118 of 168

Figaro, Le, 1000.1
Finance, war, 014.0
Financial News (London), 1010.1
Financial policies, 500.2, 630.1, 1330.1. See also fiscal.
Financial situation, 012.1, 012.8, 320.211, 660.2, 690.0, 1000.1, 1112.5, 1122.1. See also Economic
conditions, Europe, and under particular foreign countries.
Finland, See Bank of Finland.
Finlayson, H. C. B., 1012.5
First Bank of Tokyo, 1330.2
First National Bank, Cincinnati, 500.6
First National Bank, Croton, New York, 320.121
First National Bank, Kansas City, 500.6
First National Bank, Lestershire, New York, 500.3
First National Bank, Nashville, 500.5
First National Bank, New York City, 500.3, 610.2
First National Bank of Boston, 500.4
First National Bank of Chicago, 500.6
First Security Co., 500.3
Fiscal: problems, 010.0; systems, 012.2. See also Budget, and National budgetary reform.
Fischer, H., 550.2
Fisher, Bud, 660.2
Fisher, Irving, 650.1
Fishkill, New York, vital statistics in, 051.0
Fleming, W. B., 210.1
Fletcher, Henry P., 011.1, 610.3

Index
Page 119 of 168

Fluhrer, M., 012.7
Foote, F. W., 320.451
Forbes, Allen B., 610.5
Fordyce, Holliday & White, 640.5
Fordyce, S. W., 640.5
Foreign exchange: American operations in, 320.227, 320.229, 370.0, 420.1; expert positions in,
320.351, 370.0, 550.1; fluctuations in, 013.1, 1112.5, 1330.1; policy, 011.1; problems
in, 010.0, 550.1, 610.4, 1150.0; rates, 022.0, 210.3, 212.1, 320.351, 550.5, 610.2,
1000.4, 1116.4, 1116.8, 1330.1, 1330.2; stabilization of, 011.1, 012.1, 210.1, 610.2,
620.2, 1000.7, 1000.9, 1010.1, 1111.3, 1116.3. See also Moratorium, and particular
foreign countries and central banks.
Foreign Exchange Federal Reserve Bank, 120.0
Foreign governments, Federal Reserve accounts for, 500.2
Foreign investments: in the United States, 021.2, 210.1, 350.0, 500.2; by Americans, 610.1, 1012.1.
See also Committee of New York Bankers, Credits and loans, and particular countries.
Foreign Policy Association, 670.6
Forgan, J. B., 012.1, 210.1, 500.6
Foster, W. T., 1015.0
Fowler, H. R., 213.1
France: banking methods in, 1000.1, 1000.2; branches in New York of banks of, 1122.2; British
officials in, 610.2, 1000.1-1000.3, 1000.5-1000.7, 1121.0, 1122.2; cooperation with,
1121.0; correspondence with officials, bankers, and others in, 1121.0-1122.2; credits
and loans to, 211.1, 211.3, 320.113, 320.115, 320.151, 320.229, 420.2, 610.1, 610.2,
1122.2, 1125.1; currency of, 1122.1; debts of, 011.2, 012.6, 012.8, 320.227, 320.455,
610.2, 1000.6, 1000.7, 1000.9, 1125.2; domestic exchange in, 640.4; economic
conditions in, 320.454, 1000.1, 1122.2; exchange rate of, 610.2; Expert Commission
of, 1125.2; financial data on, 320.457; gold embargo of, 610.1; honor to Strong by,
500.3, 610.2, 1117.2, 1121.0, 1122.1, 1122.2; needs in 1919 of, 013.1; passport and
annex in 1916 for, 011.1; peasants’ reactions in, 1000.1; political situation in, 1000.1;
postcards of, 610.4; relations with United States of, 011.1; reparation views in, 012.5,
1011.1, 1011.2, 1116.2; sentiment of Americans toward, 1122.2; stabilization plans of,
210.4, 320.242, 610.2, 1000.7, 1000.9, 1116.6, 1122.1, 1125.3, 1170.0; talks with
officials and bankers of, 1000.1-1000.3, 1000.7, 1000.9, 1117.2; taxation in, 1122.2;
trade of, 1125.2, 1125.4; United States official in, 011.1, 011.2, 012.8, 1000.2, 1000.3,
1000.7; war in, 010.0, 500.3. See also Anglo-French Loan, and Bank of France.

Index
Page 120 of 168

Franck, Louis, 1117.2
Francqui, Emile, 1000.7, 1122.1
Franklin, H. B., 012.3
Franklin, P. A. S., 630.2
Fraser, Sir Drummond, 1112.3
Fraser, Leon, 1000.5, 1012.1
French Industrial Credit, 420.2, 500.1
Frew, W. E., 550.5
Fries, F. H., 550.3, 550.4
Fukai, E.: correspondence with, 1330.1; introductions for, 011.1, 012.3, 012.8, 013.1, 021.3, 210.3,
1116.3, 1330.1; introductions to, 660.2; memorandum by, 610.2; meetings with
Norman and with Strong of, 1330.1; testimonial to Strong by, 1330.1.
Fuller, O. C., 550.4
Fuller, Paul, Jr., 640.4
Fuller, Percy J., 320.115
Fulton, J. H., 500.2
Fummi, G., 1000.8, 1140.0
Furlaud, ?, 1000.1
Furstenberg, Hans, 1130.0, 1135.0
Gandhi, M., 1111.2
Gardin, J. E., 210.2
Garfield, H. A., 650.4
Garrett, Paul W., 660.2
Gary, Elbert H., 610.6
General Electric Co., 320.122, 630.1
General Petroleum Co., 1000.1
Index
Page 121 of 168

Geneva, trip to, 1000.9
Genoa Conference of 1922, 320.242, 320.420, 620.2, 1000.6, 1010.1, 1116.3. See also under Central
Banks.
Gerard James W., 011.2
German-American Chamber of Commerce, 610.4
Germany: aid to, 120.0, 320.226, 640.4; balance of payments of, 320.457; bankers’ loans to, 1135.0;
banking system of, 120.0, 1000.1, 1410.1; borrowing by, 120.0, 610.2, 1000.6, 1012.11012.6; budget of, 1012.3; conditions in, 120.0, 320.122, 320.453, 640.4, 690.0,
1000.5-1000.7, 1011.1, 1012.2; correspondence with officials and others of, 120.0,
1130.0; credits and loans to, 011.2; currency of, 1011.1; domestic exchange in, 640.4;
embassy expenses of, 011.2; gold standard in, 120.0, 1011.1, 1012.5, 1116.4; import
restrictions of, 690.0; Kent’s trip to, 550.1; payments’ problem in, 690.0; purchases of
gold from, 012.7, 013.1, 1000.3; newspaper comments in, 320.457, 1000.6, 1012.3;
spending of, 1012.1-1012.4; Swiss investments in, 1170.0; talks with officials and
bankers of, 1000.6-1000.7, 1000.9, 1117.2; United States officials in, 011.2; war loans
of, 1111.1. See also the Dawes Plan, the Reichsbank, and Reparation payments.
Gerould, James T., 650.4
Gidney, Ray M., 320.112, 320.500
Gilbert, A., 016.0
Gilbert, S. Parker: correspondence with, 011.1, 012.5, 120.0, 1010.1, 1012.1, 1012.2, 1012.5,
1012.6; meetings with, 320.215, 610.2, 1000.6, 1000.7, 1122.1; notes exchanged with
German government by, 320.457; offers to Case and Jay by, 320.115, 320.227,
320.229; work in Berlin of, 012.3.
Gillespie, L. L., 550.3
Ginn, L. H., 012.7
Glass, Carter, 012.2, 021.1, 022.0, 120.0, 320.215, 660.2
Glass-Owen Act. See Federal Reserve Act.
Glenn Falls Trust Co., 550.3
Goff, F. H., 550.4
Gold: acquiring German, 011.1, 011.2, 012.7, 013.1, 320.113, 550.1, 1000.3, 1115.2, 1116.1, 1117.2,
1125.1, 1150.0, 1160.0; certificates, 320.228; data on, 320.228; earmarked abroad,
320.225, 320.227, 350.0, 550.1, 1000.3, 1125.2; earmarking of foreign, 550.1; exports
of, 011.1, 011.2, 012.1, 015.0, 320.227, 500.5, 1000.6, 1012.4, 1112.5, 1116.7; import
Index
Page 122 of 168

point of, 610.2; imports of, 010.0, 212.1, 213.1, 320.116, 320.225, 1116.6, 1125.2,
1330.1; movements of, 011.2, 210.5, 1121.0; policy, 212.1; prices, 550.1; reserve ratio,
212.1, 320.113, 320.224, 320.225, 350.0; reserve requirements, 320.456; reserves of,
012.6, 021.2, 022.0, 051.0, 211.1, 211.4, 212.1, 320.113, 320.122, 320.221-320.223,
320.226, 320.242, 320.452, 320.454-320.456, 500.3, 500.6, 610.1, 610.2, 670.2,
1000.3, 1000.6, 1115.1, 1330.1; reserves of a national bank, 320.121, 500.3; sales of,
320.113, 325.02; shipping charges for, 630.2, 640.3; supplies of, 670.6. See also Gold
(European and world), Gold Exchange standard, Gold standard, particular foreign
countries and particular central banks.
Gold, European and world: data on, 320.228, 320.457; supply of, 1000.9, 1116.8.
Gold Clearance Fund, 120.0
Gold Discount Bank, 120.0, 1116.4, 1135.0
Gold exchange standard, 320.242, 620.2, 1012.3, 1116.3, 1117.1, 1170.0
Gold Fund. See Gold Fund Committee.
Gold Fund Committee: contributing to, 500.2, 500.4-500.6, 550.4; data for and drafts of reports for,
320.214, 500.6; forming of, 500.1; liquidating in 1915, of, 330.0-370.0, 400.0, 410.0,
420.1, 500.1, 500.3; meetings of, 500.1; purpose and need for, 550.1, 610.1, 610.2,
1111.3; reports of, 012.1, 210.1, 211.2.
Gold pool. See Committee of New York Bankers, Gold Fund Committee, and under United States,
aid to travelers from.
Gold Settlement Fund, 320.231, 320.340, 420.2
Gold Standard: comments on, 320.453, 320.454, 620.2, 1000.5-1000.7, 1000.9, 1112.5, 1116.7,
1117.1, 1330.1; for Germany, 120.0, 1011.1, 1012.5, 1116.4; for Great Britain, 012.6,
670.2, 1111.1, 1112.2, 1116.3-1116.5, 1117.1, 1330.1; for India, 012.6, 1000.7, 1111.1,
1116.6; for Japan, 610.2; for Scandinavian countries, 320.452; for South Africa, 650.2;
for the United States, 012.1, 210.1, 320.113, 320.225, 1116.3.
Gold Standard Act, 1925, 1116.5
Gold Standard and Reserve Bank of India Bill, 1111.1
Golden, A. D., 1210.0
Goldenweiser, E. A., 213.1
Goldman, H., 610.4
Goldman, Sachs & Co., 320.113, 610.4
Goode, Sir William, 1116.3
Index
Page 123 of 168

Goodwin, E. H, 620.2
Goschen, G. J., 022.0
Gourlay, W. R., 1000.4
Government: reorganization of, 680.1; securities, 320.113, 320.380, 610.6, 670.2, 690.0, 1112.5. See
also R. S. Brookings, National budgetary reform, Certificates of indebtedness, Liberty
Bonds, Open Market Investment Committee, Open market operations and Victory
Bonds.
Governors’ Conference, 310.1, 320.151, 320.152, 320.223, 325.02, 330.0, 350.0, 390.0, 410.0,
1012.3
Gow, Charles, 550.1, 1000.1
Grain prices. See Agriculture.
Grant, R. H., 012.8
Grasse, stay in, 1000.9
Great Britain: American fiscal agent of, 1116.5; American securities held by, 610.2, 1000.1; banking
in, 1000.1, 1000.2, 1115.1, 1115.2; banking legislation of, 1000.9, 1112.4; budget
system of, 012.1; conditions in, 012.1, 210.1, 1000.2-1000.7, 1000.9, 1111.1, 1111.2,
1112.5; conference on the Gold Fund and exchange stabilization in, 610.2;
correspondence with officials, bankers, and others of, 1111.1-1117.2; currency notes
of, 610.2; credits and loans to, 010.0, 012.7, 211.3, 610.2, 1112.3, 1112.5, 1116.5; debts
of, 012.5, 012.6, 012.8, 320.215, 1111.1, 1116.3, 1117.1; domestic exchange in, 640.0;
exchange rates of, 550.5; financial data on, 320.457; foreign balances of, 610.2; gold
exports of, 610.2; gold reserves in, 1115.1; gold standard in, 012.6, 670.2, 1111.1,
1112.2, 1112.5, 1116.3-1116.5, 1117.1, 1330.1; government changes in, 012.5, 1116.4;
labor problems in, 1000.7, 1112.5, 1117.1; moratorium in 1914 of, 210.1, 210.2, 610.1,
1112.1; newspaper comments in, 1000.6; officials in Washington of, 012.6, 1111.3;
officials in Paris of, 1111.3; prices in, 1116.4; relations with the United States of,
1112.2; securities of, 1112.3; talks in London with officials and bankers of, 1000.11000.7; United States officials in, 011.2, 1000.2, 1000.7; views on reparations in,
1000.3, 1011.2, 1116.2; visits to the United States of officials and bankers of, 012.1,
210.1, 320.223, 1000.2, 1112.3; war bonds of, 1111.3, 1115.1. See also Bank of
England, Governors Cunliffe, Cokayne, and Norman, and Deputy Governors Cokayne,
Norman, Anderson, Lubbock and Trotter, Blackett, Paish, Committee on Currency and
Foreign Exchange, and Committee on the Currency and Bank Notes Bill.
Great Eastern Railway, 1112.4
Greece, 320.457, 1000.8
Greenbacks, 630.1. See also United States notes and Currency.
Index
Page 124 of 168

Greene, Jerome D., 1330.1, 1330.2
Gregg, John P., 620.2
Grenfell, A. M., 1000.1
Grenfell, Edward C., 012.6, 320.231, 1000.1, 1112.1
Grew, Joseph P., 011.1
Grey, Lord (Sir Edward Grey), 1111.3
Grey, E. C., 012.9
Grier, John, 610.2
Griscom, L., 610.3
Grosclaude, E., 1125.2
Grose, A. H., 1112.4
Guaranty Co., 610.6
Guaranty Trust Co., 550.1, 550.3, 1000.1, 1122.2, 1330.1
Gubbay, M. M. S., 1000.4, 1115.2
Gueyraud, G., 1121.0
Guillemard, Sir Lawrence N., 660.2
Gunther, F. M., 011.2, 640.4
Hagen, T. H., 630.3
Hailey, W. H., 660.2, 1000.4, 1111.2
Halliburton, W. S., 610.4
Hallowell, N. Penrose, 012.3, 610.4
Hamaoka, I., 320.213, 1330.1
Hambleton & Co., 610.5
Hambro, R. S., 1112.3

Index
Page 125 of 168

Hambro’s Bank, 1000.8, 1112.3
Hamilton medals, 012.8
Hamlin, Charles S., 210.1, 500.1
Hammesfahr, A. C. G., 660.2
Hankar, F., 012.6, 1160.0
Hann, S. M., 550.4
Hanover National Bank, 320.122
Harding, J. Horace, 610.4
Harding, W. P. G.: book by, 310.2; comments on, 012.8; correspondence with, 120.0, 210.2, 210.3,
310.1, 320.113, 320.225, 320.228, 1000.3, 1000.4; reappointment to Board and other
positions of, 014.0, 310.2, 320.215, 1011.1; work of, 011.1.
Harding, Warren G., 010.0, 012.5, 013.1, 320.215, 320.228, 1112.5
Harding Memorial Association, 010.0, 210.4, 550.3, 630.1
Harjes, Herman H., 320.231, 1000.1, 1000.2, 1122.1
Harr, L. A., 1117.1
Harriman, Joseph W of Harriman National Bank (1917), 500.3(j)
Harris, Forbes & Co., 610.4
Harris, J. T., 1330.1
Harris, John F., 320.215, 610.4, 630.3, 1000.2, 1122.1, 1330.2
Harris, Winthrop & Co., 610.4
Harrison, George L.: conversation with Mellon of, 012.3; correspondence with, 213.1, 320.228,
320.229, 1000.6, 1000.7, 1000.9, 1116.8; introduction by, 1117.1; Polish honor to,
1180.0; trip of, 320.228, 1125.3.
Harrison, Leland, 011.2
Hart, F. H., 550.4
Harvard University, 211.1, 212.1, 650.3, 650.4, 670.2
Harvey, Sir Ernest M., 1117.2
Index
Page 126 of 168

Hashimoto, U., 1330.2
Hathaway, Smith, Folds & Co., 610.5
Haugen, G. N., 012.6
Hautain, F., 012.3, 320.241, 1000.6
Havenstein, Rudolph, 320.451, 1116.2, 1116.3
Hawtrey, R. G., 1000.5, 1116.3
Hays, W. H., 016.0, 690.0
Hearst, W. R., 500.3
Heath, W. C., 610.5
Hemphill, A. J., 550.3
Hendricks, L. H., 320.240
Henry, W. J., 620.1
Hepburn, A. B., 051.0, 500.1
Hermann, Paul M., 1000.1
Herrington, Cass E., 630.1
Hewitt, H. J., 610.6
Hibben, John G., 650.4
Higginson, Henry L., 610.4
Hill & Barlow, 640.5
Hitchcock, G. M., 012.3
Hogan, E. J., 630.3
Holbrook, Corey & Co., 610.5
Holden, Sir Edward H., 320.231, 550.1, 610.4, 1000.1, 1000.2, 1112.3, 1112.5
Holland-American Line, 630.2

Index
Page 127 of 168

Hollander, Jacob H., 320.115, 650.4, 1000.7
Holly, W. P., 500.1
Homberg, Octave, 1121.0
Homeric, 630.2
Hongkong & Shanghai Banking Corp., 1112.2
Hoover, Herbert, 011.1, 013.1, 212.1, 320.215, 1000.3, 1011.1
Horne, Sir Robert, 012.8
Hoshino, S., 1330.1
Houblon tankard, 1116.4, 1117.1
Houghton, A. B., 011.2, 1000.7
House, Col. E. M., 010.0
House of Representatives: members and actions of, 022.0, 1116.3. See also S. Anderson, Joint
Commission and Agriculture Inquiry, McFadden Committee, J. G. Strong, and Strong
Bill.
Howard, Esme, 012.6
Howe, E. L., 550.5
Howe, R., 610.2
Howe, Stanley H., 680.1
Hoyt, Colgate, 610.4
Hoyt & Co., Colgate, 610.4
Hudson & Manhattan Railroad Co., 630.2
Hudson’s Bay Company, 1112.2
Hughes, Charles E., 011.1, 013.1, 500.3, 610.2, 630.2, 1000.5, 1011.1
Hulle, E. W., 1410.0
Humphrey, Mrs. Katherine, 1000.6
Hungary, 1000.7, 1010.1, 1011.1, 1011.2, 1116.4
Index
Page 128 of 168

Hunt, E. E., 013.2
Hurlburt, G. B., 610.6
Huse, C., 011.1
Hylan, Mayor J. F., 500.3, 610.3
Hypotec Bank of Japan, 1330.2
Ickelheimer, H. R., 211.4
Imamura, S., 1330.2
Imperial Bank. See Reichsbank.
Incandescent Light & Stove Co., 550.2
Indexes: of business, 320.453-320.456; of price changes, 320.453.
India: Bank office in, 610.3; British officials in, 660.2, 1111.1-1111.3; budget of, 1111.1; conditions
in, 1000.4, 1111.1, 1111.2; correspondence with officials in, 1111.1-1111.3; currency
of, 012.4, 1000.4; data on central bank of, 320.457; exchange rate of, 1000.4; gold
demands of, 1000.3, 1115.2; gold standard for, 012.6, 1000.7, 1111.1, 1111.3, 1116.6;
purchases and shipments of silver to, 012.7, 1115.1; stabilization plans of, 1116.6; trip
to, 1000.4. See also Royal Commission on Indian Currency and Finance, and Reserve
Bank of India.
India House, 610.3
Industrial Club of Chicago, 370.0
Inflation, 010.0, 012.4, 320.452, 670.6, 1111.1. See also Prices and Conditions under particular
countries.
Ingersoll-Rand Co., 320.122
Inouye, J., 660.2, 1330.1
Institute for Government Research, 610.4, 670.1
Institute of Bankers (British), 1112.2
Institute of Economics, 670.6
Interest rates, 012.4, 320.116, 325.02. See also Discount rates and under Europe and foreign central
banks.

Index
Page 129 of 168

Intermediate Credit Banks, 1000.7
International Acceptance Bank, 120.0
International Banking Corp., 610.3
International Chamber of Commerce: purposes and membership of American section of, 550.1,
620.2, 630.1, 1122.2.
International Clearing House, 1010.1
International Economic Conference. See Genoa Conference.
International Finance & War Industries Corp., 211.4
International Financial Conference. See under Brussels.
International Industrial Consultants, 680.2
International Labour Office, 212.1, 1015.0
International Mercantile Marine Co., 630.2
International Nickel Co., 010.0
International Trust, 1000.3
Interpretations of Federal Reserve Policy, 320.211
Interstate Trade Commission, 021.2
Inventories, 320.242. See also Coal and Production.
Investments. See Credits and loans and Foreign investments.
Iowa, 690.0
Ireland, 1000.1
Irving National Bank, 500.3
Isaacs, Rufus Daniel. See Lord Reading.
Italy: budget of, 1000.8; conditions in, 1000.8; correspondence with officials and bankers of, 1140.0;
debts of, 012.6, 1000.8; gold and foreign exchange of, 1000.8; gold exchange standard
for, 1000.8; honor to Strong by, 1140.0; needs in 1919 of, 013.1; officials in
Washington of, 1140.0; stabilization plans for, 320.229, 1000.7, 1000.8, 1012.3,
1116.6, 1116.7, 1140.0; views on reparations of, 1011.2; trip to, 012.3, 1000.7, 1112.1.
See also Bank of Italy.
Index
Page 130 of 168

Ivanoff, A., 1000.7
Jacobsson, Per, 1000.9
Janssen, Albert E., 1010.1, 1160.0
Japan: balance of trade, 011.1; banking in, 320.215, 1000.4; cooperation with the United States of,
1330.2; conditions in, 011.1, 320.457, 610.2, 1000.4, 1330.1, 1330.2; foreign exchange
policy of, 011.1; gold embargo of, 011.1, 1330.1; gold reserves of, 1330.2; gold
standard in, 610.2; history of arts of, 1330.1; history of, 1330.2; introductions to men
in, 660.2; lecture courses in, 610.6; loans to, 610.2, 1330.1; relations with, 610.6, 640.4;
trip of J. D. Greene to, 1330.1, 1330.2; trip of Kingsley to, 1000.4; trip of Lamont to,
610.2; trip of Noyes to, 660.2; trip of Strong to 1000.4, 1330.1, 1330.2; trip of
Vanderlip to, 500.2, 1000.4; visit to the United States of bankers and business men of,
410.0, 1330.1, 1330.2; views on reparation of, 1011.2. See also Bank of Japan.
Japanese Business Mission, 1330.1
Japanese Official Gazette, 1330.2
Java: bills of, 320.231; prices in, 1000.4; trip to, 1000.4, 1150.0
Java Bank, 320.351, 320.451, 660.2, 1000.4, 1150.0
Jay, N. Dean, 610.2, 1122.1, 1150.0
Jay, Pierre: ability, positions, and salary of, 210.3, 211.3, 320.111, 320.115, 320.121, 320.223,
320.227, 320.229, 1012.1; attending Hoover’s railroad strike meeting, 013.1;
correspondence with, 012.3, 320.111-320.115, 1000.2-1000.7, 1012.3; introductions
for, 011.2, 1112.2-1112.4, 1116.2, 1122.2, 1125.2, 1140.0; life insurance of, 320.114;
meeting with central bankers of, 320.114, 1125.3, 1330.1; seeing Cokayne’s and
Norman’s letters, 320.213; successor as Agent to, 012.3, 320.122; tribute to, 320.227;
tribute to Strong by, 1012.3; trips of, 011.1, 210.3, 210.4, 320.115, 1117.1, 1125.3,
1330.1; views on acceptances and bank reports of, 320.121; views on Dawes Plan of,
210.4, 320.115.
Jeeves, C. R., 1112.1
Jefferson, H. M., 320.320
Jemison, R., 550.4
Jeze, Gaston, 1000.7
Johns Hopkins University, 650.4
Johnson, C. A.: introductions for and war work of, 011.2, 1111.3, 1116.1, 1122.1; renting house of,
014.0.
Index
Page 131 of 168

Johnson, G. W., 630.1
Joint Commission of Agricultural Inquiry, 022.0, 320.114, 670.3, 1112.2
Jones, Andrieus, A., 021.3
Jones, F. L., 680.1
Jones, G., 211.1
Jones, G. E., 610.6
Jones, G. M., 013.1, 320.242
Jones, Jesse H., 690.0
Jones, John Price, 500.3, 690.0
Jones Corp., John Price, 690.0
Jones Law, 320.242, 660.2, 690.0
Journalists, 610.6
Joyce, W. B., 1000.9
Jugoslavia, stabilization plans for, 1000.9
Jusserand J. J., 1121.0
Kadono, C., 1330.1
Kagawa, E., 1330.2
Kahn, Otto H., 630.2
Kain, F. B., 660.1
Kains, Archibald, 420.1
Kajiwara, N., 1330.2
Kamei, K. H., 1330.2
Kansas City Convention, 390.0
Karlsruhe, Schacht’s speech at, 1012.5

Index
Page 132 of 168

Kashiwagi, H., 1330.2
Katayama, S., 1330.2
Kell, James, 1410.0
Kelley, Nicholas, 012.7
Kellogg, Frank B., 011.2, 1012.1
Kemmerer, Edwin W., 320.211, 650.2, 660.2, 1112.5, 1125.1
Kent, Fred I., 011.1, 021.2, 320.214, 550.1, 670.6, 1000.1, 1000.3
Kenyon, William S., 021.3
Kenyon Bill, 013.2, 013.3, 0212.3, 022.0
Kenzel, Edwin R., 320.231
Kertasarie Tea Company, 1000.4
Keynes, John Maynard, 320.213, 320.451, 320.453, 1015.0
Kidder, Peabody & Co., 610.4
Kiddy, Arthur W., 1112.4
Kiesewetter, E., 500.6
Kimura, S., 1330.1
Kindersley, Sir R. M., 012.6, 320.122, 1000.5, 1112.2
King, John W., 690.0
King, W. I., 670.3
Kingsley, Darwin P., 016.0, 610.6, 1000.4
Kitchener, Lord (Horatio Herbert Kitchener), 1000.2
Klinck, J. C., 550.3
Kloepfer, J. A., 320.500
Knoeppel, C. E., 670.4
Knoeppel & Co., C. E., 670.4
Index
Page 133 of 168

Knox, Senator P. C., 500.3
Krech, A. W., 550.3
Kuhn, Loeb & Co., 211.2
Kushida, M., 1330.1
Labor Movement, 550.3
Labor’s National Peace Council, 210.1, 213.1, 610.2, 620.3
Lack, Frederick, 630.2
La Follete Program, 012.6
Lamont, Thomas W., 610.2, 1122.1
Lansburgh, A., 012.8
Lansing, Robert, 011.1
Lassiter, C. K., 630.1
Latin America, 1330.1. See also Argentina.
Law firms, partners in, 012.1, 012.6, 320.121, 320.151, 320.152, 640.1-640.5
Lazard Brothers & Co., 1000.8
League of Nations: correspondence with American representative on Reparation Commission of,
1010.1, 1011.1, 1011.2; Economic and Financial Committee of, 610.2, 1010.1, 1111.1;
gold study of, 320.229, 610.2, 1000.9, 1116.8, 1117.2; questionnaire of, 012.5;
stabilization efforts by, 1000.8, 1116.5, 1116.6. See also Dawes Plan and Reparation
payments.
Lee, Higginson & Co., 610.4, 1330.1
Leffingwell, Russell C.: correspondence with, 011.2, 012.4, 012.8(h) 610.2, 640.1, 1000.3; on
discount rates, 012.4, 310.1, 320.224, 320.225, 640.1, 1000.4; proposed as Secretary
of the Treasury, 010.0, 120.0.
Leggett & Co., Francis H., 320.122
Lehfeldt, R. A., 620.1
Lepreux, O., 620.2

Index
Page 134 of 168

Lever, Sir S. Hardman, 1111.3
Lewandowski, M., 1000.1, 1122.2
Lewis, John H., 550.1, 550.2, 1000.1
Lewisohn & Brothers, 610.4
Lewisohn & Sons, Adolph, 610.4
Liberty Bank of Buffalo, 320.500
Liberty Loan Committee: addresses at meetings of, 010.0, 320.211, 320.215, 690.0, 1111.3;
comptroller of, 320.241; expenses of, 012.9, 320.116, 320.121, 320.122, 320.213,
320.330, 500.1-500.3, 550.5, 610.2, 610.5; work of, 012.1, 012.2, 012.9, 320.152,
320.215, 320.241, 500.4, 550.3, 610.2.
Liberty Loan Organization. See Liberty Loan Committee.
Liberty Loans (and Bonds): articles on, 320.211, 660.2; campaigns to sell, 010.0, 011.2, 012.1,
210.3, 310.1, 320.152, 420.1, 1112.3, 1115.1, 1116.1; data on, 320.280, 500.2;
refunding of, 012.8; photographs from Strong’s speech, 1800.01.
Lichtenstein, W., 670.2
Lindbergh Aviation Foundation, 011.2, 320.214
Lindsay, S. McC., 670.5
Livestock industry, 500.6. See also Agriculture.
Lloyd-George, David, 620.3
Lloyd, Sir George A., 660.2, 1000.4
Lloyds Bank, Limited, 1000.1, 1112.3
Loans, war, 320.211, 660.2, 1111.1. See also Credits and loans, Liberty Bonds, Victory Bonds, and
under particular countries.
Locke, Franklin D., 320.121
Lodge, H. Cabot, resolution of, 1116.3
Logan, James A., Jr., 012.8, 014.0, 320.231, 797.01-.07, 1010.1, 1011.1, 1011.2
Lombard, N., 620.1
London: acceptance business in, 610.1, 1000.2; clearing house operations of, 1000.2; funds in,
Index
Page 135 of 168

320.122; rivalry with New York of, 1112.3, 1112.5; Strong’s trips to, 1000.1, 1000.8;
Wadsworth’s trip to, 012.8. See also trips under Harrison, Jay, and Snyder.
London City & Midland Bank, Ltd., 550.1, 1000.1, 1112.3
London Conference: of Central Banks (see under Central Banks and Genoa Conference); on Dawes
Plan (see Dawes Plan).
London Joint Stock Bank, Ltd., 550.1, 1000.1
London Midland & Scottish Railway Co., 1112.4
Lord & Taylor, 320.122
Loucheur, L., 012.8, 640.4, 1121.0
Louvain Library, 1160.0
Loveday, Alexander, 1000.9
Lubbock, Sir Cecil: correspondence with, 1117.1; meeting in Europe with, 1000.9, 1117.2; deputy
governorship of, 1112.2, 1116.4, 1116.6, 1117.1; trip to New York in 1927 of, 320.229,
1117.1.
Luce, Robert, 022.0
Lumbermen’s National Bank, 550.5
Luther, Hans, 1000.6
Lyford, F. E., 320.340
Lynch, J. K., 420.2
MacArthur, John R., 630.4
MacArthur Bros. Co., 630.4
Macauley, Thomas B., 420.1
MacDonald, Ramsay, 1112.2
Mackay, W. H., 660.1
MacKenzie, William, 1112.5
Maddox, R. F., 500.5
Mahon, C. P., 1117.2
Index
Page 136 of 168

Mail Dept., 320.213
Malaya, 320.215, 610.3, 660.2, 1000.4
Malia, W. H., 660.1
Mallery, O. T., 013.3
Malone, D. F., 012.7
Mance, H. O., 1116.6
Manchester, Liverpool & District Bank, 1112.3
Manchester Guardian, 011.2, 1115.1
March, Gen. P. C., 010.0
Marchetti, Comm. Count Alberto, 1140.0
Mark, H. E., 660.2
Marling, A. E., 016.0
Marvin, G., 610.3
Mason, L. R., 320.420
Masson, Robert, 012.6, 320.224, 1000.1, 1122.2
Matsumo, O., 1330.1
Matteson, W. B., 320.380
Maudy-Gregory, J., 1112.4
McAdoo, Cotton & Franklin, 012.1, 640.4
McAdoo, William G., 010.0, 011.1, 012.1, 320.215, 500.3, 610.2, 1112.5
McAneny, G., 016.0
McConihe, M. S., 610.2
McCord, J. A., 360.0
McCoy, F. R., 014.0

Index
Page 137 of 168

McDonald, J. G., 670.6
McDougal, E. C., 550.0
McDougal, J. B., 320.227, 370.0
McFadden, Louis T., 022.0
McFadden Committee, 310.2, 320.228, 320.229, 320.242
McGarrah, Gates W., 320.115, 320.116, 320.122, 500.3, 1000.9, 1012.1, 1012.5
McGlachlin, E. F., 014.0
McHarg, W. E., 051.0
McKay, C. R., 370.0
McKellar, Kenneth, 021.3
McKenna, Reginald, 012.6, 1000.2, 1112.3, 1117.2
McKernan, N. M., 550.3
McKinney, B.A., 410.0
McLaren, Virginia, 320.213
McMahon, H. H., 680.1
McNaboe, J. F., 620.3
McNary-Haugen Bill, 320.242, 320.454
Mechanics & Metals National Bank, 500.3
Megata, Baron T., 1330.2
Mellon, Andrew W.: correspondence with, 012.3, 012.5, 012.6, 1000.6, 1000.7, 1012.1; role in
Dawes Plan of, 012.6, 1011.1; role in selecting New York Agent of, 012.3, 320.122;
trip abroad in 1926 of, 320.215, 1000.7.
Mercantile Bank of America, 1122.2, 1330.1
Mercantile Trust Co., 550.4
Merchants’ Association, 620.3
Merchants National Bank, New Haven, 500.4
Index
Page 138 of 168

Meredith, H. V., 1210.0
Merill, E. G., 051.0, 550.3
Metropolitan Club, 012.3
Metropolitan Opera House, 010.0, 012.9, 320.215, 690.0
Metropolitan Trust Co., 550.3
Mexico: funds for, 1122.1; trip to, 040.0, 320.225, 1111.3; United States official in, 610.2; war in,
500.3, 1000.1.
Midland Bank, 1112.3, 1117.2
Mikawa, T., 1330.2
Miles, Basil, 011.1, 012.8, 610.2, 620.2, 1000.4, 1330.1, 1330.2
Miller, Adolph C., 012.8, 120.0, 212.1, 320.115, 1116.6
Miller, C. A., 620.1
Miller, J. B., 630.4
Miller, J. Z., Jr., 400.0
Mills, Ogden, 012.8, 690.0
Minnesota Farm Bureau Federation, 630.3
Mitchell, Charles E., 013.1, 320.122, 500.2
Mitsubishi Bank, 1330.1
Mitsui Bank, 1330.2
Mixter, G. W., 630.1
Mlynarski, F., 1000.6, 1180.0
Mobilization, legislation for, 010.0
Moll, V., 1116.3
Monell, A., 010.0
Monetary policies, 1330.1. See Discount rates, Financial policies, Open Market Operations, and
Index
Page 139 of 168

under particular countries, central banks, and central bank officers.
Monetary situation. See Economic conditions, Financial situation, and particular countries.
Money and banking, course in, 650.4
Money market, 010.0, 120.0, 210.5, 320.115, 320.225, 320.227, 320.229, 320.242, 320.457. See also
Stock market and particular countries.
Monnet, J., 013.1
Montenegro, 011.0, 320.213, 320.229, 610.2, 610.6, 1000.7, 1190.0
Monthly Review (Federal Reserve Bank of New York), 212.1
Monthly Review (Midland Bank), 1117.2
Moore, Allen F., 022.0
Moore, O. E., 320.352, 1000.7, 1000.8n, 1000.9, 1180.0
Moorhouse, H. W., 320.454
Moratorium, British payments’, 210.1, 610.1, 1112.1
Moreau, Emile, 1000.7, 1000.9, 1012.3, 1117.1, 1125.3
Morgan, Grenfell & Co., 1000.1, 1000.2, 1112.1
Morgan, Harjes & Cie., 1000.1, 1000.2, 1122.1
Morgan, Livermore & Co., 610.4
Morgan, J. P., 320.215, 500.2, 610.2, 690.0, 1112.5, 1116.3
Morgan, Mrs. J. P., 610.2
Morgan, Shepard A., 320.241, 1012.4
Morgan, W. Forbes, 610.4
Morgan & Cie., 1000.9, 1122.1
Morgan & Co., J. P.: as British government agent, 1116.5; as French government agent, 1125.2; as
purchasing agent for the Allies, 320.215, 610.2; correspondence with members and
staff of, 610.2; credits and loans arranged by, 010.0, 610.2, 610.4, 1000.8, 1116.5;
memorandum by staff member of, 1116.6; messages exchanged through British house
of, 1112.1; messages exchanged through French house of, 1000.9, 1122.1;
representative in Italy of, 1140.0.
Index
Page 140 of 168

Mori, K., 610.2
Morning Post, The (London), 1112.4
Morris, Ray, 610.1
Morrow, Dwight D., 012.3, 610.2
Morse Dry Dock & Repair Co., 630.2
Morss, C. A., 310.2
Motion Picture Producers & Distributors of America, 690.0
Moulton, Harold G., 320.454, 670.6
Mueller, Herman, 1012.2
Munro, Sir Charles C., 610.2, 1000.4
Murfin, Howard J., 660.2
Murphy, G. M. P., 1125.1
Murphy, V., 690.0
Murray, M. S., 500.5
Mussolini, Benito, 1000.7, 1000.8, 1011.2, 1140.0
Mutual Life Insurance Co., 610.6
Nagaike, N., 1330.1
Nagato, O., 1330.2
Nakanshi, J., 1330.1
Naon, R. S., 1230.0
Nathan, Dr. ?, 1000.8
National Bank of Belgium: balance sheets of, 1160.0; correspondence with presidents and directors
of, 1117.2, 1160.0; credit to, 210.4; data on, 320.457; gift of, 1160.0; meeting with
presidents and officers of, 1000.3, 1000.6; providing information on, 1160.0; speech at
Genoa Conference of vice-president of, 620.2.
National Bank of Bulgaria, 320.457, 1000.7
Index
Page 141 of 168

National Bank of Commerce, 320.121, 500.3
National Bank of Roumania, 320.457, 1116.2
National Bank Suisse. See Swiss National Bank.
National banks. See under Banks and particular banks.
National budget. See National Budget Committee, National budgetary reform, Budget and R. S.
Brookings.
“National Budget System, The”, 670.1
National budgetary reform, 310.2, 330.0-410.0, 420.0, 500.2, 610.2, 630.4, 640.2, 670.1, 680.1
National Bureau of Economic Research, 013.2, 630.4, 670.3
National Citizens’ League for the Promotion of a Sound Banking System, 620.1
National City Bank, 210.2, 500.2, 630.2
National Committee on American Japanese Relations, 640.4
National Cyclopedia of American Biography, 660.1
National Industrial Conference Board, 670.6
National Industrial Peace Conference, 320.152
National Liberal Immigration League, 620.3
National Monetary Association, 021.3
National Park Bank, 500.2, 500.3
National Reserve Association, 500.6. See also Aldrich Bill.
National Shawmut Bank, 310.1
National Surety Co., 610.6
Nationalbank fur Deutschland, 1000.1
Naumburg & Co., E., 610.5
Navy, bases for, 040.0
Near East, 550.1, 1122.1
Index
Page 142 of 168

Nederlandsche Indische Handelsbank, 320.351
Nesbitt, W. D., 610.6
Netherlands, The: correspondence with officials of, 1150.0; exchange rates of, 1000.4; German gold
in, 012.7, 1000.3; loan to, 610.2; meetings in, 1135.0; stay in, 1000.1; talks with
officials and bankers of, 1000.3, 1000.7, 1117.2; United States official in, 011.2. See
also Netherlands Bank and G. Vissering.
Netherlands Bank: correspondence with president of, 1150.0; data on, 320.457; meeting with
president of, 1000.3, 1000.7, 1117.2.
Neutrality, 011.2, 1112.3
Nevin, J. C., 340.0
New York City, debt of, 210.1
New York Clearing House Association, 120.0, 320.229, 325.02, 500.1, , 1116.4, 1117.1
New York Commission to Revise the Bank Law. See New York State.
New York Evening Post, 660.2
New York Herald Tribune, 320.352, 660.2
New York Life Insurance Co., 610.6
New York Post Office, 016.0
New York Shipbuilding Co., 610.3
New York State, revision of banking law of, 051.0, 500.1, 550.3, 620.1
New York State Bankers’ Association, 320.211, 620.1
New York State Reservation Commission, 320.121
New York Stock Exchange: membership in, 610.1n; role of, 610.4.
New York Times, 320.211
New York University, 650.4
New York World, 660.2
Newlands, Francis G., 021.2, 211.1

Index
Page 143 of 168

Newlands Committee, 630.2
Newspaper comments. See under Germany and Great Britain
Niemeyer, Sir Otto E., 1000.5, 1012.1, 1116.8
Nippon, Yusen Kaisha, 1330.2
Nishi, K., 660.2, 1330.2
Nixon, F. H., 1116.2
Norman, Montagu C.: bust of, 1160.0; comments on, 012.8, 320.215, 1000.9, 1112.2, 1112.5,
1117.1, 1117.2; correspondence with Strong of, 320.213, 1010.1, 1116.1-1116.8;
correspondence with others of, 1012.1, 1012.5, 1116.2, 1116.3, 1116.5, 1116.6, 1117.2,
1135.0, 1150.0; introductions to, 021.0, 022.0, 320.224, 320.231, 320.451, 610.1,
1116.1-1116.3; meeting in Europe with Strong with, 1000.2-1000.9, 1112.2, 1116.1,
1116.4-1116.8, 1117.1, 1117.2, 1135.0; meeting of Fukai with, 1330.1; meeting of S.
A. Morgan with, 320.241; meeting of Schacht with, 1135.0; meeting of C. Snyder with,
320.451, 320.453; meeting on Italian stabilization in 1927 with, 1000.8; role in Dawes
plan of, 212.1, 1116.4, 1117.1; trip to Berlin of, 610.2, 1000.6; testimony before Royal
Commission on Indian Currency and Finance of, 1111.1, 1116.6, 1117.1; views on a
combination of gold and gold exchange standard of, 1000.6-1000.9, 1111.1, 1116.31116.8; views on gold standard of, 320.453, 1111.1, 1116.3-1116.8; views on
reparations in 1921 of, 610.2, 1116.2; views on stabilization programs, 012.6, 1000.8,
1000.9, 1116.5-1116.9. See also London Conference under Central Banks.
Norman, Montagu C., trips to the United States of: in 1921 with C. Addis, 011.1, 012.3, 012.5,
310.2, 320.114, 320.121, 320.122, 320.213, 320.225, 320.232, 320.241, 1112.2,
1330.1; in the spring of 1922, 012.8, 1116.3; at the end of 1922 with Baldwin, 1111.1,
1116.3, 1116.4; in early 1925 with Anderson, 1116.5, 1117.1; in early 1926, 1116.6; in
early 1927, 320.229, 1116.7, 1117.1; in July 1927, 320.121, 320.242, 1012.3, 1116.7,
1117.1; in late 1928 (proposed), 1116.8; 1116.9
Norris, G. W., 330.0
North American Review, 320.211
North China Daily News of Shanghai, 610.3
Northwestern National Bank, 500.6
Norton, Charles D., 500.3
Norway, 320.457, 550.1. See also Scandinavia.
Nourse, E. G., 670.6
Noyes, A. D., 660.2
Index
Page 144 of 168

Noyes, Frank B., 660.2, 1330.1
Oakey, Francis, 016.0
O’Dell & Co., Daniel, 610.4
O’Gorman, James A., 021.2
Ohio National Bank of Columbus, 500.6
Ohshima, K., 1330.2
Oil: companies in California, 1000.1; scandal, 1122.2
Okura & Co., 1330.1
Old Colony Trust Co., 550.4
Oldaker, W. I., 620.2
Onativia & Co., Dean, 320.231
Open Market Investment Committee: Board’s reorganization of, 210.4, 212.1, 320.114, 320.226,
320.229, 330.0; meetings of, 320.121, 320.227, 320.242, 325.02. See also open market
operations.
Open market operations: in 1923, 012.5, 210.4, 212.1, 320.226, 320.227, 320.242; in 1924, 012.6,
212.1, 320.115, 320.116, 320.227, 320.242, 350.0, 370.0; in 1925, 012.6, 320.227,
320.228; in 1926, 320.115, 320.227, 320.229, 320.242; in 1927, 320.227, 320.229,
320.242; in 1928, 320.227, 320.242.
Orient: 660.2, 690.0, 1000.4, 1121.0, 1150.0. See also particular countries.
Oriental philosophy, 1330.2
Oriental Steamship Co., 1330.2
Osborne, J. A. C., 1000.7, 1117.2
Outlook Co., 660.2
Owen, Robert L., 120.0, 1112.4, 1116.1, 1122.2
“Owera” yacht, 610.2
Pack, Charles L., 620.3
Pact Negotiations, White Paper on, 610.2
Index
Page 145 of 168

Page, Earle, 1410.0
Page, Walter H., 011.1, 011.2, 320.231, 1000.2
Paice, C. T., 1117.2, 1160.0
Paine, Albert B., 690.0
Paish, Sir George, 012.1, 210.1, 211.2, 1111.3
Pallain, Georges, 320.231, 1000.2, 1000.3, 1121.0, 1125.1, 1125.2
Palmer, Lester R., 320.121
Pan-American Financial Conference, 012.2, 120.0
Panic of 1907, 021.2, 211.2, 320.214, 500.2, 500.3, 610.2, 610.5, 690.0
Paris: collection system of, 1000.2; conferences in 1923 in, 012.8; eligible bills in, 1000.2; trips to,
1000.1-1000.7, 1000.9.
Park-Union Foreign Banking Corp., 610.3
Parmentier, Jean V. G., 1000.7
Pascagoula National Bank, 320.115, 320.228
Passmore, E. P., 330.0
Paton, Thomas B., 620.1
Patten, Thomas G., 022.0
Patterson, C. E., 630.1
Patterson, E. M., 650.4
Patton, R. G., 610.6
Payments, international. See Balance of payments, Debts, and Reparations.
Peabody, C., 013.1
Peabody, Frederick W., 012.6
Peabody, George F., 320.121
Peace, efforts for, 010.0, 1111.3
Index
Page 146 of 168

Peace Treaty, negotiations on, 1115.2, 1116.1, 1122.2. See also American Commission to Negotiate
Peace.
Peacock, Sir Edward, 320.228, 1112.2, 1116.2
Peixotto, P., 610.3
Penhale, C. A., 320.452
Pennsylvania Railroad Co., 1112.5
Penrose, Senator Boies, 500.3
Peple, C. A., 350.0
Peret, Raoul, 1000.7
Perkins, George W., 610.2
Perkins, Nelson, 610.3
Persons, R. S., 620.1
Philadelphia National Bank, 500.4
Philippines, 040.0, 1000.4
Phillips, Charles S., 320.231
Phillips, William, 011.1, 011.2, 500.3, 1000.7
Phipps, Lawrence C., 021.3
Picard, Paul Ernest, 1000.2, 1125.4
Pierce-Arrow Motor Car Co., 630.1
Pittman, Senator Key, 320.213
Pittman Act, 021.7, 1000.4. See also Silver under India.
Plamenatz, Y. S., 1190.0
Platt, Edmund, 211.5
Platten, J. W., 550.3, 610.3
Poincare, Raymond, 1000.1, 1011.2, 1116.3
Index
Page 147 of 168

Poland: correspondence with official of, 1180.0; credits and loan for, 320.229, 320.351, 610.2;
financial advisor for, 012.8; honors to Strong, Case Harrison, and Crane by, 1180.0;
stabilization plans for, 1000.7, 1116.5-1116.7. See also Bank Polski.
Polish Bank. See Bank Polski.
Political appointments, 012.3
Politicians, 500.3
Polk, Frank L., 011.1, 011.2, 016.0, 1000.3
Pollak, O. B., 012.5
Pomeroy, Daniel E., 1000.1
Poniatowski, Prince, 1180.0
Portugal: data on central bank of, 320.457; stabilization plans for, 1000.8, 1116.7.
Postal savings funds, 320.214
Postmaster General, 016.0, 320.214
Pratt, Herbert L., 630.1
Pratt, John T.: comments on, 012.3; correspondence with, 640.1, 640.2; death of, 640.2, 670.5;
introductions for, 011.2, 1115.1, 1115.2, 1116.1, 1122.1, 1125.1; memorial to, 320.242,
610.2, 640.2, 650.4, 680.2. See also National Budget Committee.
Pratt, Mr. and Mrs. John T., 040.0, 640.0, 690.0
President: candidates for position of, 040.0, 211.1, 320.228, 610.4; correspondence with, 010.0. See
also C. Coolidge, W. Harding, and W. Wilson.
Price, L., 1000.4
Prices: changes in, 320.211, 320.455, 670.2, 1330.1; control over, 650.1; levels of, 012.6, 320.454,
1116.4, 1117.1; regulation of, 320.226; stabilization of, 320.229, 320.241, 320.242,
620.1, 630.4, 650.1. See also Agriculture and Inflation.
Princeton Bank, 550.5
Princeton University, 320.215, 320.227, 610.4, 650.2, 650.4, 1111.1, 1160.0, 1330.1
Princeton University Press, 660.2
Pritchard, C. F., 012.9
Index
Page 148 of 168

Production: of tires, 340.0; stabilization of, 1015.0. See also Unemployment.
Prosser, S., 550.2
Public finance, course in, 650.4
Public works legislation, 013.2, 013.3. See also Conference on Unemployment, Kenyon Bill, and
Unemployment.
Pulleyn, J. J., 013.1, 550.5
Quesnay, Pierre, 1000.7, 1000.9, 1116.8, 1117.2, 1125.3
Quinn, C. J. C., 620.2
Radio Corp. of America, 320.122
Rae, H. P. M., 1116.1
Railroads: problems of, 013.1, 120.0, 211.1, 610.4; regulation of, 630.2; stocks, 610.4, 630.2, 1000.1.
See also Bonds and stocks held by foreigners.
Railway Executives’ Advisory Committee, 630.2
Ramsey, W. F., 410.0
Randall, H. S., 420.1
Randolph, H. N., 320.453
Rate Action of 1919, Memorandum on, 325.01
Rathbone, Albert, 1115.2
Ravensky, J. E., 500.3 (Alt. Rovensky)
Reading, Lord (Rufus Daniel Isaacs): comments on, 620.3, 1111.3, 1112.5; correspondence with,
1111.3; honors to, 610.4, 660.2; meeting in India with, 1000.4; meeting in Europe with,
1000.2, 1111.3; speech at Liberty Loan Committee meeting by, 010.0, 320.215, 1111.3;
trip to the United States in 1915 of, 1111.3; trip to the United States in 1917 of, 011.2.
Reagan, J. B., 630.3
Real estate, 630.3
Reconstruction and relief. See aid under Europe.
Red Cross, 610.2, 690.0, 1111.3
Index
Page 149 of 168

Redfield, W. C., 550.1, 630.4
Reichsbank: American council member of, 320.122, 1012.5; Bank of England’s loan to, 1116.4; bill
holdings of, 1135.0; data on, 320.457; discount rate of, 1135.0; foreign balances of,
1000.7, 1116.2; gold reserves of, 320.228, 1000.1, 1122.1, 1135.0; gold shipments to,
320.229, 320.351; weekly statements of, 1135.0. See also Dawes Plan, Gold Discount
Bank, and Schacht.
Reid, Daniel G., 630.1
Reparation Commission, 1011.1, 1011.2
Reparation payments, German: concern in 1919 over, 1000.3; in 1921 over, 320.114, 610.2, 797.01.07, 1116.2, 1122.2; final settlement of, 1012.2, 1012.3, 1012.6, 1116.8; problems in
1922 and 1923 over, 012.8, 320.452, 320.457, 620.2, 630.1, 1011.1, 1011.2, 1116.2,
1116.3; question in 1925 about, 660.2; view in 1926 of, 012.6. See also Dawes plan.
Republican Party, 040.0, 690.0
Reserve Bank of India, 1111.1. See also India and Royal Commission on Indian Currency and
Finance.
Reserve Bank Organization Committee, 213.1, 500.1, 550.1
Reserve Banks and the Money Market, The, 1135.0
Reserves: of member banks, 210.4, 500.1. See under Gold and particular central banks.
Reyburn, Samuel W., 320.122
Reynolds, J. E., 013.1
Rhoads, C. J., 310.1, 330.0
Ribot, A. F. J., 1121.0
Ricard, Paul, 320.121, 320.242
Ricardo, David, 022.0, 610.2
Richardson, E. C., 650.4
Rist, Charles A.: correspondence with, 1125.4; meetings in Europe with, 1000.7, 1000.9; trip to the
United States in 1927 of, 320.121, 320.242, 1012.3; trip to the United States in 1928
of, 1116.8, 1125.3.
Rist, Dr. Edouard, 1000.9, 1125.4

Index
Page 150 of 168

Ritz Hotel: in London, 1112.4; in Paris, 1122.2.
Roberts, George B., 320.457
Robertson, A., 500.6
Robineau, Georges, 012.6, 320.241, 1000.6, 1000.7, 1125.2
Robinson, M. H., 320.213
Roelse, H. V., 320.457
Rogers, Locke & Babcock, 320.121
Romania: see Roumania.
Rombouts, E., 1160.0
Rome: meeting of International Chamber of Commerce in, 620.2, 630.1; visit to, 1000.7. See also
Italy.
Ronaldshay, Lord (Lawrence J. L. Dundas), 660.2, 1000.4
Roosevelt, Theodore, 500.3
Root, Elihu, 021.2, 610.2
Rorebeck, E. F., 051.0, 550.3
Rorty, M. C., 630.4
Rose, Mabel E., 320.457
Rothschild & Sons, N. M., 1000.8
Roumania: stabilization plan for, 1000.9, 1116.8, 1117.1. See also National Bank of Roumania.
Rounds, Leslie R., 320.330
Rowe, J. J., 500.6
Rowe, L. S., 012.7
Royal Commission on Indian Currency and Finance: Addis’ statements before, 1117.1; Blackett’s
position regarding, 1000.7, 1111.1; correspondence with chairman of, 1111.3;
expenses of Americans testifying before, 012.3, 320.115, 650.4; methods of, 022.0;
Norman’s position regarding, 1111.1, 1117.1; testifying by Strong and other Americans
before, 012.6, 320.242, 650.3, 650.4, 1000.7, 1111.3, 1116.6; work of, 1111.1.

Index
Page 151 of 168

Rue, L. L., 012.1, 210.1, 500.4
Ruhr, 012.8, 1011.1
Rushmore, Bisbee & Stern, 640.4
Russia, 610.2, 610.3, 1116.3, 1122.1
Ryan, John D., 630.1
Ryti, R., 1116.6, 1117.2
Sabin, C. H., 013.1, 500.3
Sakatani, Baron Y., 1330.2
Sailer, Louis F., 320.121, 320.232
Saint Louis & San Francisco Railroad Co., 1000.1, 320.232
Salomon Bros. & Hutzler, 610.4
Salary, Employee and Officer, (See E. R. Kenzel correspondence 320.231)
Salter, Sir Arthur, 610.2, 1000.9, 1116.8, 1117.2
Sasaki, Y., 1330.2
Satori, J. F., 550.4
Saunders, William L., 320.122, 320.231.
Savings Bank Association of the State of New York, 620.1
Sawyer, C. M., 400.0
Sayre, Francis B., 650.4
Scandinavia, 320.452, 320.457, 1116.3. See also Denmark, Norway, and Sweden.
Schacht, Hjalmar: correspondence of Norman with, 1116.5, 1116.6; correspondence of Strong with,
1135.0; correspondence of Warburg with, 120.0; credit policies of, 1135.0; meeting of
Lord D’Abernon with, 1012.5; meeting of P. Jay with, 1012.3; meeting in Europe of
Strong with, 1000.1, 1000.6, 1000.7; meeting of O. D. Young with, 320.122; role in
Dawes Plan of, 210.4; use of codes with, 320.351; views on German borrowing and
spending of, 1116.5; views on League of Nations’ gold study of, 1117.2; views on
personality of, 1012.2, 1012.4; clippings of visit with (1925), 1900.12.
Schacht, Hilmar, trip to the United States in 1925 of: messages to, 370.0, 610.5, 640.5; purpose of
Index
Page 152 of 168

trip of, 660.2, 1012.1, 1135.0; others’ entertaining and meeting with, 120.0, 210.4,
320.500, 500.2, 500.4, 550.3, 610.1, 610.4-610.6, 630.4, 640.4, 650.4, 670.5, 670.6,
1012.5, 1112.2, 1130.0, 1135.0; Strong’s entertaining and meeting with, 012.6, 012.8,
210.4, 320.224, 320.242, 610.5, 660.2, 690.0, 1130.0, 1135.0.
Schacht, Hjalmar, trip to the United States in 1927 of, 320.121, 320.242, 1012.3, 1135.0.
Schiff, M. L., 013.1
Schmid, J. F., 550.2
Schmidt, H., 1000.1, 1130.0
Schneckenberger, W. W., 320.500
Schnyder de Wartensee, Charles, 1170.0
Schroder, Baron Bruno, 1112.2
Schroder & Co., J. Henry, 1112.2, 1116.1
Schumpeter, J. A., 320.452
Schuster, Sir Felix, 211.2
Schutt, K., 320.457
Schwab, Charles M., 630.1
Scott, W. A., 320.352
Seay, George J., 350.0
Second National Bank of Boston, 500.4
Secretary of Commerce, 013.1, 630.4
Secretary of State, 011.1
Secretary of the Navy, 015.0
Secretary of the Treasury, correspondence with, 012.1-012.3. See also McAdoo and Mellon.
Secretary of War, 014.0
Security Trust & Savings Bank, Los Angeles, 550.4
Seligman, I. N., 610.4

Index
Page 153 of 168

Seligman & Co., J. & W., 610.4
Senate, members and actions of, 021.1-021.3. See also Joint Commission of Agricultural Inquiry, La
Follette program, P. C. Knox, H. C. Lodge, B. Penrose, K. Pittman, R. L. Owen, E.
Root, and C. S. Thomas.
Serbia: see Servia.
Sergent, Charles, 1000.2, 1121.0
Servia, 320.215, 1122.1
Sharp, William G., 010.0, 320.231, 1000.2
Shattuck, A. R., 610.4
Shaw, Thomas, 012.7
Shearman & Sterling, 012.6
Shearson, Hammill & Co., 610.4
Sheldon, E. W., 550.3
Sherman, John, 013.1
Shibusawa, Baron E., 610.2, 660.2, 1330.2
Shortridge, Samuel M., 021.3
Siam, 1000.4
Siepmann, Otto, 1000.8, 1116.7, 1117.2
Silver: holdings of, 640.1; shipments of, 012.7, 320.225, 1000.4.
Simon, Joseph, 012.6, 320.224, 1000.6, 1122.2
Simonds, G. S., 014.0
Simpson, J. H., 550.2
Sims, Admiral William S., 320.215
Smith, Adam, 610.2
Smith, Charles, 320.122
Smith, H. C., 610.5
Index
Page 154 of 168

Smith, Jeremiah, 610.2
Smith, L. W., 610.5
Smith, Vivian Hugh, 1000.1
Snyder, Carl: correspondence with, 010.0; 320.451-320.456; memoranda of, 320.451-320.456,
630.4; trips by, 320.451, 320.453.
Societe Generale, La, 1122.2
South Africa: banking in, 1410.0; British purchases of gold of, 1116.3; data on central bank of,
320.457; gold standard in, 650.2; Kemmerer’s trip to, 650.2.
Southern California Edison Co., 630.4
Southern Iron & Steel Co., 610.3
Southern Pacific Railroad Co., 550.1
Spa (Belgium), visit to, 1000.6
Spain: data on central bank of, 320.457; gold shipments to, 012.4; stabilization plans of, 1000.8.
Spalding E., 500.3
Speyer, Sir Edward, 1000.1
Speyer Brothers, 1000.1
Sprague, Oliver M. W., 320.115, 650.3, 1000.7
Stabilization: of prices, 650.1 (see also under Prices); plans for monetary (see under particular
countries).
“Stabilizing Industry, Finance and Labor”, 670.4
Stabilization of the Mark, The, 1135.0
Stabilizing the Dollar, 650.1
“Stabilizing the Dollar in Purchasing Power”, 650.1
Stable Money Association, 620.1
Stable Money League, 120.0
Standard Oil Company (New Jersey), 630.1
Index
Page 155 of 168

Standard Oil Company of New York, 630.1
Starek, Charles, 320.112
State Department: correspondence with members of, 011.1, 011.2, 013.1, 210.1, 620.2, 1000.3;
policy on loaning of, 1012.1. See also C. E. Hughes.
Statist, The, 1111.3
Steel Business, 630.1
Steinbach, K., 1130.0
Sterling, Frederick, 011.2, 012.6
Sterling, Thomas, 021.3
Sterling, purchase and sale of, 325.02.
Sterrett, J. E., 1012.5
Stetson, Jennings & Russell, 640.4
Stettinius, E. R., 013.1, 320.213, 320.215, 610.2
Stevenson, [?], 1000.1
Stewart, J. H., 610.5
Stewart, Walter W., 212.1, 213.1, 1000.6, 1000.8n, 1000.9, 1116.7, 1117.2
Stimson, Henry L., 640.4
Stillman, James, 500.2, 610.2, 690.0, 1000.1, 1000.2
Stirum, Count Van Limburg, 1150.0
Stock Exchange Money Committee, 610.4
Stock market, 320.224, 500.2, 610.2, 670.5, 1000.9, 1012.4
Stone, Charles A., 320.122
Stone & Webster, 320.122
Stone Mountain Memorial Association, 320.228
Stowe, Beecher, 660.2
Index
Page 156 of 168

Stowell, Ellery C., 1111.3
Straight, Willard, 610.3, 620.2
Strakosch, Sir Henry, 1010.1, 1116.3, 1116.8
Strauss, Albert, 211.5, 320.213
Strauss, Frederick, 013.1, 610.4, 630.2
Strauss, Manny, 680.2
Stresemann, Gustav, 1000.6
Stringher, Bonaldo, 1000.7, 1000.8, 1140.0
Strong, Archibald, 320.215, 1122.1
Strong, Benjamin: [Benjamin Strong used the “Jr.” following his name until after his father’s death
in 1915. It has been reserved here got use by his son.] articles and speeches by, 014.0,
212.1, 320.211, 320.242, 320.451, 500.3-500.6, 650.2-650.4, 660.2, 690.0, 1000.4,
1000.7, 1012.3, 1111.3; biography, 1900.14; birth certificate of, 051.0; bust of, 650.4,
1160.0; career of, 211.2, 320.122, 320.215, 320.229, 320.242, 500.6, 610.2, 640.1,
660.1, 1117.2, 1122.1, 1330.1; Christmas Card lists of, 320.212; death of, 320.116,
1012.3, 1116.8; dinner in honor of, 012.8, 500.3, 630.1; financial contributions by,
320.212; health of, 012.1, 012.2, 320.155 [There are far too many references to
Strong’s health to be listed here as it was mentioned in correspondence frequently from
1916 to 1928 when he had only a few periods of good health.]; honor of French
government to, 500.3, 610.2, 1117.2, 1121.0, 1122.1, 1122.2; honor of Italian
government to, 1140.0; honor of Montenegrin government to, 011.1, 320.213, 610.6,
1190.0; honor of Polish government to, 1180.0; honorary degree from Princeton to,
610.4, 650.4; investments of, 320.115; leave of absence of, 210.3, 211.5, 212.1,
320.111, 320.113, 320.226; memberships of, 320.212, 610.3; passport of, 011.1;
personal belongings and files of, 320.212, 320.213, 320.215, 320.228; reading books,
320.451n; renting house in Denver by, 014.0; resignation of, 320.111, 320.122, 1117.2;
tributes to, 320.116, 320.153, 610.2, 1000.9, 1012.3, 1330.1; Warburg’s invitations to,
211.2. See also Trips.
Strong, Benjamin, Jr.: career of, 320.215, 1116.1, 1122.1; correspondence with, 320.215, 650.4,
1012.3, 1116.8, 1140.0; introductions for, 320.231, 1112.3, 1125.1, 1330.1, 1330.2;
meeting in 1921 with, 012.8; on trip in 1920 with, 1000.4; war service of, 010.0,
320.215, 610.2, 610.4, 1112.3, 1112.5, 1122.2.
Strong, Benjamin, Sr., 320.215, 610.4
Strong, Mrs. Benjamin, Sr., 320.215
Strong, James G., 022.0, 630.4, 1012.3
Index
Page 157 of 168

Strong, Philip G., 012.8, 320.215, 1160.0
Strong, William, E. S., 320.215
Strong Bill, 120.0, 650.3. See also McFadden Committee and Stabilization under Prices.
Stuart H. C., 012.8
Sullivan, Mark, 690.0
Sullivan & Cromwell, 640.4
Sumitomo, Baron K., 1330.2
Sumitomo Bank, 1330.2
Supreme Economic Council, 013.1
“Sussex”, sinking of, 011.2
Sveriges Riksbank, 320.457, 1116.3
Sweden. See Scandinavia and Sveriges Riksbank.
Swinney, E. F., 500.6
Swiss National Bank: correspondence with officers of, 1170.0; credit to, 211.5, 320.226, 1170.0; gold
data for, 1116.3; meetings with officers, 1000.6, 1117.2.
Switzerland, trip to, 1000.6-1000.7, 1000.9. See also Swiss National Bank.
Swope, Herbert B., 660.2
Taft, C. P., 500.6
Takahashi, Baron K., 1330.2
Talbert, J. F., 500.2
Tanake, T., 1330.1
Tardieu, Andre, 1122.2
Tariff, 016.0, 550.1, 1000.1. See Economic conditions.
Tatsumi, K., 1330.1, 1330.2
Taxes, 010.0, 012.3, 320.152, 320.380, 320.457, 610.2, 660.2, 690.0. See also National budget,
Index
Page 158 of 168

Economic conditions, and National budgetary reform.
Taylor, H. C., 320.453
Tchiki, O., 1330.1
Ter Meulen, C. E., 1330.1
Ter Meulen plan, 1112.3, 1116.2
Thom, Alfred P., 630.2
Thomas, Dr. Belle, 320.213
Thomas, Senator Charles S., 630.1
Thompkins County National Bank, 320.221-320.224
Thorne, G. G., 500.3
Thornton, F. W., 1112.4
Tiarks, Henry F., 1112.2
Tilden-Smith, R., 1000.1
Tobacco Products Co., 550.2
Tod, Dr. Hunter, 1112.4
Tokyo Bankers’ Association, 1330.2
Tomlinson, P. G., 660.2
Totton, F. M., 550.3
Towne, Henry R., 320.122
Travelers, 500.2, 550.1, 1000.1. See also aid under United States.
Traylor, M. A., 500.6
Treasury Department: correspondence with members of, 012.1-012.9, 1000.3, 1000.6, 1000.7,
1010.1; data of, 320.214; former members of, 013.1, 320.151, 640.1; introducing
member of, 1115.2; maintenance of stable bond prices by, 610.6; positions in, 320.214.
See also Gilbert, Leffingwell, McAdoo, Mellon, and Winston.
Treman, Robert H.: ability of, 610.1; correspondence with, 320.221-320.224, 1000.3; introductions
for, 320.224, 1112.3, 1116.2, 1122.2; relations with Board of, 210.2, 1122.2; retirement
Index
Page 159 of 168

as deputy governor of, 320.121, 320.224.
Trent, J. A. W., 610.3
Trigge, A. L., 1210.1
Trip to Europe in 1914, 550.1, 610.5, 1000.1 (Strong’s letters on foreign conditions are included in
the material – memoranda of conversations – which accounted for the trips; those on
domestic conditions are included in the files of his correspondents), 1130.0
Trips to Great Britain and France in 1916: accompanied by J. F. Harris and H. D. Burrell as
secretary, 011.1, 320.215, 610.4, 1000.2, 1122.1; account of, 1000.2; arrangements for,
011.1, 012.7, 550.1, 550.2, 630.2, 630.3, 1112.4, 1121.0, 1122.1, 1122.2; comments
on, 011.1, 011.2, 211.4, 320.215, 610.2, 1112.1, 1122.2; introductions for, 010.0,
011.1, 211.3, 420.1, 610.1, 610.4, 630.2, 1121.0; invitations and meetings during,
1111.3, 1112.3, 1115.1, 1115.2, 1161.1; letters and cables to, during, 320.111, 320.215,
610.1; purpose of, 1122.1; sailing with J. P. Morgan on, 320.215.
Trip to Europe in 1919: accompanied by B. Miles and son, Benjamin Strong, Jr., 620.2, 1000.4;
account of, 320.215, 1000.4 (Strong’s letters on foreign conditions are included in the
material – memoranda of conversations – which accounted for the trips; those on
domestic conditions are included in the files of his correspondents); arrangements for,
011.1, 011.2, 012.7, 014.0, 211.5, 320.213, 320.457, 550.2, 640.4, 1111.3, 1112.1,
1112.3, 1112.4, 1121.0, 1122.1, 1122.2, 1150.0, 1160.0; assistance in London of P.
Ericson, 320.213, 1000.3; comments on, 320.111, 320.215; introductions for, 011.1,
012.7; letters and cables to, during, 011.2, 320.113, 320.224; meetings during, 610.3,
630.4, 690.0, 1111.3, 1112.4, 1116.1, 1121.0, 1122.2, 1125.1, 1150.0, 1230.0.
Trip around the World in 1920-1921: accompanied by B. Miles and Son, Benjamin Strong, Jr.,
620.2, 1000.4; account of, 320.215, 1000.4 (Strong’s letters on foreign conditions are
included in the material – memoranda of conversations – which accounted for the trips;
those on domestic conditions are included in the files of his correspondents);
arrangements and introductions for, 011.1, 011.2, 320.213, 320.241, 320.352, 420.2,
550.2, 610.3, 630.1, 1111.3, 1121.0; arrangements, introductions, and meetings with
Japanese during, 1330.1, 1330.2; arrangements and introductions for stay in Dutch East
Indies (particularly Java) during, 1000.4, 1150.0; arrangements and introductions for
in British Asian Colonies during, 1000.4, 1112.2; arrangements, invitations, and
meetings in France and Great Britain during, 011.2, 1000.4, 1112.1, 1112.2-1112.4,
1116.1, 1121.0, 1125.2, 1125.4; letters and cables to, during, 210.3, 320.113, 320.213,
320.225, 320.231, 1000.4; recollections of, 660.2, 690.0, 1330.2; speeches and
memoranda on Japan during, 1000.4, 1330.1, 1330.2.
Trip to London Conference of Central Banks in 1922 (proposed). See under Central Banks.
Trips to London and Paris in 1924 (secret): letters reporting on, 1000.5 (No memoranda of
conversations during the trip of 1924 were included in Strong Papers); letters and cables
to, during, 320.115, 320.227; stay with Logan and Norman during, 1011.1, 1116.4.
Trips to Europe in 1925: accompanied by W. W. Stewart, his daughter, Mrs. Katherine Humphrey,
Index
Page 160 of 168

and M. Bleecker as secretary, 213.1, 1000.6; account of, 1000.6 (Strong’s letters on
foreign conditions are included in the material – memoranda of conversations – which
accounted for the trips; those on domestic conditions are included in the files of his
correspondents); arrangements for, 320.153, 320.213, 320.352, 630.2, 660.2, 1112.4,
1130.0, 1170.0; comments on, 610.2; invitations to, during, 610.2; letters and cables
to, during, 120.0, 213.1, 320.115, 320.227, 320.228, 320.231, 320.232, 320.242;
meetings during, 1012.1, 1116.5, 1135.0, 1170.0.
Trip to Europe in 1926: accompanied by R. G. Warren and Q. E. Moore as secretary, 320.352,
1000.7; account of 1000.7 (Strong’s letters on foreign conditions are included in the
material – memoranda of conversations – which accounted for the trips; those on
domestic conditions are included in the files of his correspondents); arrangements for,
012.3, 320.213, 320.352, 1112.1, 1117.2, 1122.1, 1125.4, 1170.0, 1180.0; cables and
letters to, during, 012.6, 320.115, 320.227, 320.229, 320.231, 320.232, 320.242;
comments on, 320.215, 1111.3; meetings during, 550.2, 610.2, 1000.7, 1012.1, 1112.1,
1116.6, 1117.1, 1122.1, 1125.3, 1135.0, 1140.0, 1170.0; reporting to Board during,
012.6, 210.4, 211.5, 320.229.
Trip to London in December 1927 (secret): account of 1000.8; assisted by O. E. Moore as secretary,
1000.8n; commenting on, 320.229, 610.2, 1116.7, 1117.1; letters and cables to, during,
320.229.
Trip to Europe in 1928: account of, 1000.9, 1117.2; arrangements for, 1125.4, 1170.0; assisted by
O. E. Moore as secretary, 320.352, 1000.9; letters and cables to, during, 320.227,
320.231, 320.242, 1122.1; meetings during, 1116.8, 1117.1, 1117.2, 1125.3, 1125.4,
1130.0, 1135.0, 1170.0; return from, 120.0.
Trips to Europe of others. See under Bankers, European.
Trotter, Henry A., 1116.5, 1117.1
Trumbull, Frank, 630.2
Trust companies: during panic of 1907, 610.2, 690.0; legislation on, 051.0, 550.3, 550.4, 610.2;
membership in Federal Reserve System of, 310.1, 610.2.
Trust Companies Association of State of New York, 550.3
Trust Company of America, 610.2, 690.0
Tucker, E. H., 420.2
Tukamoto, N., 1330.2
Tumulty, J. P., 010.0
Turrettini, ?, 1000.1
Tweedy, Lawrence, 210.1
Index
Page 161 of 168

Tyrrell, Sir William G., 1111.3
Unemployment: data on, 013.2, 013.3, 320.122, 320.451, 610.3, 620.3, 630.1; problem of, 013.1013.3, 620.3; reports on conditions of, 013.3; suggestions to relieve, 013.3, 212.1,
610.4, 1015.0. See also Kenyon Bill.
Union Gas & Electric Co., 630.4
Union of Nations, 1160.0
Union Oil Co., 1000.1
Union Trust Co., Albany, 550.3
Union Trust Co. of New York City, 550.3
United Kingdom. See Great Britain.
United States: aid to travelers in 1914 from, 011.1, 011.2, 012.1, 015.0, 210.1, 210.2, 500.5, 550.1,
550.3, 640.3, 1112.4; banking in, 1410.0; banks’ unfunded credit balances in, 320.242;
Cabinet members of, 016.0; claims against Germany of, 1000.5, 1011.1; comments on
officials of, 012.8, 500.3; embassy expenses of, 011.2; fiscal problems of, 010.0;
legislation on Austrian liens by, 1116.3; loan to Greece by, 1000.8; passport in 1916
of, 011.1; peace efforts of, 010.0, 1111.3; publication of statistics in, 1111.1; war
problems of, 010.0. See also Committee of New York Bankers, Labor’s National Peace
Council, Gold standard, and other topics.
United States Food Administration, 013.1
United States Grain Corporation, 1000.3n
United States Grain Growers Sales Co., 320.121, 630.3
United States Mortgage and Trust Co., 550.3
United States National Bank of Denver, 211.1
United States notes, 210.2
United States Steel Co., 630.1
United States Trust Company, 320.214, 500.2, 550.3
University of Pennsylvania, 650.4
Van Antwerp, T. I., 550.2
Van de Vyvere, A., 012.3, 012.6
Index
Page 162 of 168

Van den Berg, K. F., 660.2
Van der Rest, L., 1000.2, 1160.0
Van Namee, G. R., 012.9
Van Riper, J. G., 550.4
Van Tuyl, J. C., Jr., 051.0
Van Zandt, R. L., 012.5, 320.122, 410.0, 610.2
Van Zeeland, P., 012.3, 012.6
Vanderbilt, W. K., 320.213
Vanderlip, F. A., 320.213, 500.2, 550.5, 610.4, 610.6, 630.2, 1000.4
Vassar-Smith, Sir R. V., 320.224, 1112.3
Vaughan, H., 011.1, 320.213, 1000.3, 1121.0, 1150.0, 1160.0
Vernet, H. A., 1000.1
Victory Loan, 012.1
Vissering, G.: correspondence of Norman with, 1116.2, 1116.6; correspondence of Strong with,
1150.0; conversation with Ter Meulen of, 011.2; meeting of P. Jay with, 1330.1;
meeting of S. A. Morgan with, 320.241; meeting in Europe of Strong with, 1000.3,
1000.7, 1117.2; speech at Genoa Conference of, 320.227, 320.351; trip to South Africa
with Kemmerer of, 650.2; views on Dutch loan in 1919 of, 610.2.
Vital Statistics, 051.0
Vogel, Martin, 630.2
Volpi, Count Giuseppe, 012.6, 1000.8, 1012.3, 1112.1
Von Berger, Carl L. D., 1000.1
Von Bernstorff, Count J. H., 610.4
Von Gwinner, A., 1000.1
Von Lersner, B., 640.4
Von Lewinski, K., 1130.0

Index
Page 163 of 168

Von Maltzahn, Baron Ago, 1130.0
Wade, Festus J., 550.4
Wadsworth, Eliot, 012.8
Wadsworth, James W., Jr., 021.3
Wagel, S. R., 610.3
Walcott, F. C., 610.5
Walker, ?, 011.2
Walker, Roberts, 640.3
Wall Street, 610.2
Wallace, Henry A., 320.451, 320.453
Wallace, Hugh C., 011.2
Wanamaker, R., 500.3
War: in Mexico, 500.3, 1000.1; in Near East, 550.1
War College. See Army War College.
War Department, 014.0, 610.4, 670.1
War Finance Corporation, 1000.3n
War in Europe: American participation in, 010.0, 320.215, 1111.3; American views regarding (19141917), 010.0, 011.2, 500.2, 500.3, 620.3, 1000.2, 1111.3; danger of, 1000.1; financial
aspects of, 014.0, 320.211, 1112.5; posters, 1116.1; relief organizations for, 013.1,
014.0, 610.2, 610.4, 690.0, 1000.3, 1111.3; snapshots of, 1121.0. See also various other
topics, as Army, Bonds, Debts, Committee of New York Bankers, Cotton Loan
Committee, Economic conditions, Gold Fund Committee, Liberty Loans, and Loans,
as well as Auchincloss, C. A. Johnson, and B. Strong, Jr.
War Savings Societies, 500.3. See also Liberty Loan Committee.
Warburg, Max, 120.0
Warburg, Paul M.: book by, 120.0; comments on, 1112.5; correspondence of Strong with, 120.0,
210.1, 211.2-211.4; correspondence of others with, 120.0, 211.4, 310.1, 320.231,
550.4, 610.2, 1116.3; introducing Strong, 211.3; on acceptance market, 120.0, 211.4,
1116.3; on Federal Advisory Council, 120.0; patriotism of, 211.1, 320.215; recruiting
Strong for the Bank by, 211.2, 320.122, 210.215, 320.229, 610.2; role in Federal
Index
Page 164 of 168

Reserve System of, 120.0, 211.2-211.4, 1000.1.
Ward, W. W., 012.3
Warrant Warehouse Co., 610.6
Warren, Francis E., 021.3
Warren, G. F., 320.454
Warren, Robert B., 320.352, 1000.7, 1170.0
Washington Star, 660.2
Wasson, R. G., 660.2
Watts, F. O., 500.5
Weeks, John W., 014.0, 500.2
Wellborn, J. C., 010.0
Wellborn, M. B., 360.0, 500.2
Wells, Oscar, 410.0
Welsh, C. G., 012.7
Wexler, Sol, 012.1, 210.1, 500.5
Whalen, G. A., 500.3
Wharton School, 650.4
Wheelock, C. D., 550.5
Whigham, Charles F., 1112.1
White, J. duPratt, 640.3
White, Mrs. S., 690.0, 1111.3, 1330.2
White & Case, 640.3
Whitehall Gazette & St. James Review, The, 1112.4
Whitney-Central National Bank of New Orleans, 500.5
Whitmarsh, T. F., 320.122
Index
Page 165 of 168

Wickersham, G. W., 640.4
Wicksell, K., 650.1
Wiener Bank Verein, 012.5
Wiggin, A. H., 500.1
Wilber, C., 051.0
Wilkinson, F. E., 1000.1
Willcox, Peck, Brown & Crosby, 610.6
Willcox, William G., 610.6
Williams, John H., 650.4, 670.2
Williams, John S., 016.0, 550.1, 1112.2
Williams, Richard H., 320.122
Williams & Peters Coal Co., 320.122
Williams College, 320.211, 650.4
Willis, D. C., 012.6
Willis, Henry Parker, 021.1, 120.0, 211.2, 213.1, 550.5, 660.2
Wilson, Woodrow, 010.0, 320.215, 370.0, 500.3, 610.2, 690.0, 1111.3
Wing, D. G., 500.4
Winslow, Lanier L., 011.1, 320.213
Winston, Garrard: correspondence with, 012.6, 120.0, 1000.6, 1000.7, 1012.1; help for Philippines
by, 040.0; introductions for, 012.6, 1112.3, 1125.2, 1125.4, 1135.0, 1140.0, 1150.0;
invitation to, 1122.1; trip to Italy of, 012.3, 1000.7.
Winterfelt, H., 1000.1
Winthrop, Stimson, Putnam & Roberts, 640.4
Wisconsin Trust Co., 550.4
Withers, Hartley, 320.453, 610.4, 1112.4

Index
Page 166 of 168

Wold, Theodore, 390.0
Women, votes of, 1111.3
Wood, General Leonard, 040.0, 690.0
Woodlock, Thomas F., 610.3
Woodruff, G., 012.3
Woods, Arthur, 013.3
Woodward, William, 320.122, 610.2
Woolley, Clarence M., 320.122
Works, J. D., 620.3
World: chapters on financial conditions of, 660.2; tributes to Strong by leaders of, 320.116. See also
topics and particular countries.
Wright, G. W., 550.5
Wright, R., 630.2
Wyatt, Walter, 320.420
Wyse, R. G., 550.1, 1000.1
Yale & Towne Manufacturing Co., 320.122
Yale Daily News, 320.456
Yale University, 610.4, 650.1
Yokohama Specie Bank, 1330.2
Yoneyama, U., 1330.2
Young, E. Hilton, 1111.3
Young, Owen D.: correspondence of others with, 120.0, 320.122, 320.227; correspondence of Strong
with, 320.122, 320.229; role in Dawes Plan of, 012.6, 210.4, 320.122, 320.241, 1011.1.
Young, Roy A., 012.3, 021.1, 210.5, 310.2, 390.0, 1012.3
Yugoslavia. See Jugoslavia.
Zapf, L. C., 620.2
Index
Page 167 of 168

Zeilinga, E. A., 660.2, 1000.4
Zimmerman, A. R., 320.241

Index
Page 168 of 168

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