William G. McAdoo to Benjamin Strong Jr.
Title
William G. McAdoo to Benjamin Strong Jr.
Creator
McAdoo, W. G. (William Gibbs), 1863-1941
Identifier
WWP18594
Date
1918 June 2
Description
William G. McAdoo writes to Benjamin Strong Jr. regarding tax policy and the war.
Source
Benjamin Strong Jr. Papers, New York Federal Reserve Bank
Language
English
Text
My dear Strong:
Much obliged for your kind letter of the 31st of May. I am delighted to find that there is such a strong sentiment in New York for courageous and just taxation along the lines indicated in the President’s message. It would have been nothing short of cowardice to refuse to take this problem by the throat and deal with it now. I have no sympathy or patience with selfishness, timidity or mere expediency in these serious times, or, for that matter, at any time.
I have sent your letter to Leffingwell, and I shall be glad if you will send him at any time any views you may care to present on this important subject. I welcome the assistance of everybody to get the right kind of a tax bill. Upon it depends, in my judgment, not only the soundness of business and finance in the country, but the successful conduct of the colossal operations of the Treasury during the war.
I am really all right, except very tired, and that makes it less easy for me to throw off this most annoying and obstinate attack of laryngitis. I believe it is also called pharyngitis. I know very little about it, except that it is a rotten combination, whatever it is. I shall be all right soon I hope, but I am terribly impatient, and that makes it difficult for me to rest.
With very best wishes, I am
Cordially yours,
Much obliged for your kind letter of the 31st of May. I am delighted to find that there is such a strong sentiment in New York for courageous and just taxation along the lines indicated in the President’s message. It would have been nothing short of cowardice to refuse to take this problem by the throat and deal with it now. I have no sympathy or patience with selfishness, timidity or mere expediency in these serious times, or, for that matter, at any time.
I have sent your letter to Leffingwell, and I shall be glad if you will send him at any time any views you may care to present on this important subject. I welcome the assistance of everybody to get the right kind of a tax bill. Upon it depends, in my judgment, not only the soundness of business and finance in the country, but the successful conduct of the colossal operations of the Treasury during the war.
I am really all right, except very tired, and that makes it less easy for me to throw off this most annoying and obstinate attack of laryngitis. I believe it is also called pharyngitis. I know very little about it, except that it is a rotten combination, whatever it is. I shall be all right soon I hope, but I am terribly impatient, and that makes it difficult for me to rest.
With very best wishes, I am
Cordially yours,
Original Format
Letter
To
Strong, Benjamin, 1872-1928
Files
Collection
Citation
McAdoo, W. G. (William Gibbs), 1863-1941, “William G. McAdoo to Benjamin Strong Jr.,” 1918 June 2, WWP18594, Benjamin Strong Jr. Papers, Woodrow Wilson Presidential Library & Museum, Staunton, Virginia.