Benjamin Strong Jr. to William G. McAdoo
Title
Benjamin Strong Jr. to William G. McAdoo
Creator
Strong, Benjamin, 1872-1928
Identifier
WWP18450
Date
1914 August 11
Description
Benjamin Strong Jr. is making arrangments for meeting in the Treasure department regarding foreign exchange rates as requested by William Gibbs McAdoo.
Source
Benjamin Strong Jr. Papers, New York Federal Reserve Bank
Language
English
Text
My dear Mr. McAdoo:
I have your note of the 8th instant, and am arranging to have a number of the members of a strong committee of foreign exchange bankers, which has already been appointed in New York, attend the conference at your office at 11 o’clock on Friday.
At the moment I am unable to advise you of the names, beyond stating that both Mr. Max May, of the Guaranty Trust Company, and Mr. John E. Gardin, of the National City Bank, will both probably attend, and I am hoping that Mr. Ickelheimer, of Messrs. Heidelbach, Ickelheimer & Company, will also be present. These gentlemen have already undertaken a thorough investigation of the foreign exchange problem, and are in my opinion best able to furnish the data required.
Will you permit me to suggest that a discussion of this matter is bound to raise questions in regard to marine insurance, which might well be answered on the spot by having a leading representative of marine insurance interests present at the meeting. My suggestion would be Mr. Hendon Chubb
.I have also taken the liberty of asking Mr. Olds, my representative in Washington, to ascertain from your office whether you wish me to make any other arrangements in New York with respect to attendance at this meeting. I shall certainly be there myself and do anything in my power in New York to make the attendance a satisfactory one to you and to your associates.
(Signed) BENJ. STRONG, JR.
I have your note of the 8th instant, and am arranging to have a number of the members of a strong committee of foreign exchange bankers, which has already been appointed in New York, attend the conference at your office at 11 o’clock on Friday.
At the moment I am unable to advise you of the names, beyond stating that both Mr. Max May, of the Guaranty Trust Company, and Mr. John E. Gardin, of the National City Bank, will both probably attend, and I am hoping that Mr. Ickelheimer, of Messrs. Heidelbach, Ickelheimer & Company, will also be present. These gentlemen have already undertaken a thorough investigation of the foreign exchange problem, and are in my opinion best able to furnish the data required.
Will you permit me to suggest that a discussion of this matter is bound to raise questions in regard to marine insurance, which might well be answered on the spot by having a leading representative of marine insurance interests present at the meeting. My suggestion would be Mr. Hendon Chubb
.I have also taken the liberty of asking Mr. Olds, my representative in Washington, to ascertain from your office whether you wish me to make any other arrangements in New York with respect to attendance at this meeting. I shall certainly be there myself and do anything in my power in New York to make the attendance a satisfactory one to you and to your associates.
(Signed) BENJ. STRONG, JR.
Original Format
Letter
To
McAdoo, W. G. (William Gibbs), 1863-1941
Files
Collection
Citation
Strong, Benjamin, 1872-1928, “Benjamin Strong Jr. to William G. McAdoo,” 1914 August 11, WWP18450, Benjamin Strong Jr. Papers, Woodrow Wilson Presidential Library & Museum, Staunton, Virginia.