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Vanderbilt Hotel.
May 15, 1914.
Today has been so full of visitors and confusion that it is difficult to
sum it up correctly. Joseph Davies had come from Washington and was among my
first guests. Then there was Arthur Page, Editor of World's Work, Mrs. Harriman,
Guzman Borglum, the sculptor, Charles R. Crane of Chicago, and others.
I lunched with Mr. and Mrs. McAdoo at the Vanderbilt, and was with McAdoo
nearly all the afternoon. We discussed the Federal Reserve Board, and I argued
with him the President's point of view that the Board should not become too per-
sonal. McAdoo, on the contrary, held that it was of vital consequence not only
to the administration but to the country, that this law be administered in the
spirit intended, and therefore he thought it exceedingly unwise to have a Board
not in sympathy with its purposes.
At his request I wrote the President the following letter.
Dear Governor:
I have had a long conference with McAdoo today. He is very earnest
in his view that it would be risking a great deal to get a board unfriendly to
the spirit and purpose of the Act. He thinks perhaps that Simmons of St Louis
and A. C. Bartlett of Chicago might be the best available timber, though he would
like to look into Bartlett further and then report to you.
Charles R. Crane was with me this morning. He recommends Bartlett as be-
ing the best <del/> man available in Chicago. Bartlett is a retired hardware
merchant, a man of philanthropic purposes and was on the original list that I
gave you.
I hope you will talk to McAdoo freely before making any appointment for
he has a fine conception of the scope and purpose of the measure.
Affectionately yours,
New York, May 15, 1914.
| Title | ms_0466_s2_v2_083 |
| Transcript |
Vanderbilt Hotel.
May 15, 1914.
Today has been so full of visitors and confusion that it is difficult to
sum it up correctly. Joseph Davies had come from Washington and was among my
first guests. Then there was Arthur Page, Editor of World's Work, Mrs. Harriman,
Guzman Borglum, the sculptor, Charles R. Crane of Chicago, and others.
I lunched with Mr. and Mrs. McAdoo at the Vanderbilt, and was with McAdoo
nearly all the afternoon. We discussed the Federal Reserve Board, and I argued
with him the President's point of view that the Board should not become too per-
sonal. McAdoo, on the contrary, held that it was of vital consequence not only
to the administration but to the country, that this law be administered in the
spirit intended, and therefore he thought it exceedingly unwise to have a Board
not in sympathy with its purposes.
At his request I wrote the President the following letter.
Dear Governor:
I have had a long conference with McAdoo today. He is very earnest
in his view that it would be risking a great deal to get a board unfriendly to
the spirit and purpose of the Act. He thinks perhaps that Simmons of St Louis
and A. C. Bartlett of Chicago might be the best available timber, though he would
like to look into Bartlett further and then report to you.
Charles R. Crane was with me this morning. He recommends Bartlett as be-
ing the best |
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