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they would hang around with their hats in their hands and not be able to accom-
plish anything. If he found this was true. I promised to take the midnight and
meet them in Washington tomorrow.
I telephoned McAdoo and again urged him to get behind the plan, and told
him that Wade and Simmons wanted me to go down with them tonight, and that I
would do so unless he would undertake to go to the front. He did not seem to
want me to come, and he appeared <add>not</add> to want the Federal Reserve Board to get the
credit of putting the plan through. He therefore agreed to throw the weight of
his office back of the proposition and to father it.
This is all I wanted and he can get all the glory he desires. I am con-
stantly hampered by the little jealousies of men, and I wonder what I have been
able to accomplish what I have without an official position, and without more
friction.
Mr. Bertron called to thank me for the part I have taken in the cotton pro
blem. As a matter of fact, more credit is due Bertron for bringing it about, for
if it had not been for his dinner last week and for his quiet, diplomatic work
among the bankers since, it is doubtful whether the plan would have gone through.
He said as he was leaving that I deserved well of my country and he wondered in
what way I was ever to be repaid. I insisted I was repaid by the feeling that I
had taken part in matters that were worth while.
October 17, 1914.
Yesterday was a stirring day, particularly in the afternoon and evening.
I was in conference with McAdoo several times over the telephone from Washing-
ton concerning the cotton problem. The plan which the bankers proposed was
found not feasible because the Currency Association could not legally borrow the
money.
I met McAdoo at six o'clock at the Pennsylvania and took him and Eleanor
| Title | ms_0466_s2_v2_195 |
| Transcript |
they would hang around with their hats in their hands and not be able to accom-
plish anything. If he found this was true. I promised to take the midnight and
meet them in Washington tomorrow.
I telephoned McAdoo and again urged him to get behind the plan, and told
him that Wade and Simmons wanted me to go down with them tonight, and that I
would do so unless he would undertake to go to the front. He did not seem to
want me to come, and he appeared |
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