The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
1962 Torchlighter Campaign - Meeting of Supervisory Group of the Federal Reserve Bank of Philadelphia, Monday, October 6 , 1961, at llil5 a.m. and 2:30 p.m., Movie Room of "Whittier Room. Responsibillty to respond to Hen Nelson*s request - Fed Chairman of the Torchlighter Campaign. Mountain climber down deep crevasse in glacier — Rope — "We are the Red Cross.H "I give at the office." Idea of United Fund. (a) Of course there are some rivalries, some duplication. Costs of collection — but being reduced. (b) Are the funds needed? John Sinclair Cas Sienkiewicz ($13-6 million) A1 Williams John Davis Bob Hilkert Norm Dash Actually $15 million needed. (c) If United Fund fails, we will be back at old stand. (d) We as a Bank are part of the Community. Torchlighter Campaign to put over the single drive. (a) The only organized drive we have. (b) Precluded by law from making a corporate gift. Also have no funds for lottery for all who give fair share principle. (c) We all would like to have some idea of what is required of us to put it over. (d) In general, ability to give is related to income. (1) Assigned amounts — enforced. (2) You decide. A guide to giving. (1962 Torchlighter Campaign, p. 2) Obviously the Campaign can’t succeed unless those with larger incomes are generous. You are the backbone of the Bank in everything — In our daily operations — Yes, and in this Drive. I shall not check on what you give — entirely. that is up to you My job is to show the need and the responsibility of the Bank as a whole.