William G. McAdoo to Cary T. Grayson concerning the failure of a Pittsburgh bank.
Source
Cary T. Grayson Papers, Woodrow Wilson Presidential Library, Staunton, Virginia
Language
English
Text
2B R 81 GOVTK
WASHINGTON DC
DR CARY T GRAYSON CARE THE PRESIDENT CORNISH NH.
TELL PRESIDENT I REGRET EXCEEDINGLY TO HAVE TO INFORM HIM THAT IT WAS NECESSARY THIS MORNING FOR THE COMPTROLLER OF THE CURRENCY TO TAKE POSSESSION UNDER THE LAW OF THE FIRST SECOND NATIONAL BANK OF PITTSBURG THIS IS ONE BANK THE NAME BEING HYPHENATED. PLEASE ALSO TELL HIM THAT EVERYTHIHNG POSSIBLE IS BEING DONE TO TAKE CARE OF THE SITUATION THERE AND NOT TO ALLOW THIS TO DISTURB HIM.