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rival in Berlin so as to advise the Kaiser.
I spoke to the President about what I was doing in regard to Germany and
the Kaiser and he remarked, "you are preparing to make the ground fallow". I
asked again whether he was certain that he wished me to go at this particular
time. He replied, "the object you have in mind is too important to neglect."
At dinner Mrs. Wilson asked the President why he did not name George Fos-
ter Peabody, Ambassador to France. He said he had four other men in mind for
that particular place, and gave their names.
After dinner we went over to the office for the President to sign his mail.
We read the Mexican dispatches together and afterward got down to the real finish
of the Federal Reserve Board. He took his pen and wrote down their names: Rich-
ard Olney first, them Paul Warburg, Harding, Wheeler and Miller. He turned to
me and said, "to whom would you give the ten year term?" I advised giving it to
Miller, which he did. He gave Olney the two year term, Warburg four years, Hard-
ing and Wheeler, the six and eight year terms.
I told him McAdoo preferred Hamlin. He replied, "but I prefer Olney and
I happen to be President". He also said, "McAdoo thinks we are forming a social
club". This, of course, was because McAdoo has consistently urged a board that
would work in harmony with him. The President wishes to take these appointments
away from politics as far as possible, and he does not think it would be proper
to have McAdoo, Williams and Hamlin from the same Department on the Board. Of
course, he is right.
It was agreed between us that we should not tell McAdoo just how freely
we discussed matters relating to his department for fear it might offend him.
We then fell to talking of Shakespeare and what a marvel he was. The Presi-
dent said it was a constant source of wonder to him how one mind could comprehend
all phases of life and all sources of knowledge.
We also disc<gap reason=�illegible�>sed the question of servants. I told of how attached
| Title | ms_0466_s2_v2_062 |
| Transcript |
rival in Berlin so as to advise the Kaiser.
I spoke to the President about what I was doing in regard to Germany and
the Kaiser and he remarked, "you are preparing to make the ground fallow". I
asked again whether he was certain that he wished me to go at this particular
time. He replied, "the object you have in mind is too important to neglect."
At dinner Mrs. Wilson asked the President why he did not name George Fos-
ter Peabody, Ambassador to France. He said he had four other men in mind for
that particular place, and gave their names.
After dinner we went over to the office for the President to sign his mail.
We read the Mexican dispatches together and afterward got down to the real finish
of the Federal Reserve Board. He took his pen and wrote down their names: Rich-
ard Olney first, them Paul Warburg, Harding, Wheeler and Miller. He turned to
me and said, "to whom would you give the ten year term?" I advised giving it to
Miller, which he did. He gave Olney the two year term, Warburg four years, Hard-
ing and Wheeler, the six and eight year terms.
I told him McAdoo preferred Hamlin. He replied, "but I prefer Olney and
I happen to be President". He also said, "McAdoo thinks we are forming a social
club". This, of course, was because McAdoo has consistently urged a board that
would work in harmony with him. The President wishes to take these appointments
away from politics as far as possible, and he does not think it would be proper
to have McAdoo, Williams and Hamlin from the same Department on the Board. Of
course, he is right.
It was agreed between us that we should not tell McAdoo just how freely
we discussed matters relating to his department for fear it might offend him.
We then fell to talking of Shakespeare and what a marvel he was. The Presi-
dent said it was a constant source of wonder to him how one mind could comprehend
all phases of life and all sources of knowledge.
We also disc |
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