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283 At a meeting of the Federal Reserve Board held in the office of the Board on Tuesday, October 27, 1914, at 3 p. m. PRESENT: Mr. McAdoo Lir. Williams Mr. Hamlin Mr. Warburg Lir. Delano Hr. Harding . Miller. The Secretary of the Treasury presided and Hr. H. P. Willis acted as secretary to the meeting. The Jecretary of the Treasury presented to the Board telegrams received by him from Governors and Federal Reserve Agents in reply to his messages regarding the date for opening the banks. The Governor of the Board ilresented a letter from Hr. Albert H. Wiggin suggesting five changes in the text of the Cotton Fund Plan. On motion the Jotton Fund Plan was amended as suggested by Hr. Wiggin and advised by counsel and was ordered made public. A communieation from Mr. John H. Rich, Federal Reserve Agent at Minneapolis, suggesting that the Federal 28 Reserve Board recommend member banks to pay subscriptions direct from their own vaults was read and the Governor of the Board submitted a letter on that topic drafted by Counsel for transmission to each member bank. The pro- posed letter was referred to Lessrs..Warburg and Harding with power to approve it for transmission. On motion the Board adjourned at 4:15 p. m. jecretary. APPR4V3D:
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