Russell Cornell Leffingwell to Benjamin Strong Jr.
Title
Russell Cornell Leffingwell to Benjamin Strong Jr.
Creator
Leffingwell, R. C. (Russell Cornell), 1878-1960
Identifier
WWP18780
Date
1920 April 16
Description
Russell C. Leffingwell writes Benjamin Strong Jr. to thank him for his good wishes, and to say his resignation has been accepted.
Source
Benjamin Strong Jr. Papers, New York Federal Reserve Bank
Language
English
Text
TRANSLATION OF TELEGRAM RECEIVED
From R. C. LeffingwellRussell C. Leffingwell, Assistant Secretary of the Treasury, Washington, D. C.
Date April 16, 1920.
Addressed to Mr Benj. Strong.
FEDERAL RESERVE BANK OF SAN FRANCISCO
Thanks for your good telegram. It did me good to hear from you. I did not know where to reach you or you would have heard from me. Basil Miles sent me a post-card picture of you and a bully big dog, which stands upon my mantlepiece.I am glad to have your words of approval. It will probably amuse you to know that you had scarcely left this part of the world when, in January, I became an earnest, and, in some respects successful advocate of dear Money, as I had always said I would if liquidation did not come with the turn of the year. I cannot tell you how much I have missed you. The old crowd has broken up and the problem seems to me to be a banking rather than a Treasury problem. I have no official stqatus in the banking problem, and am not willing in peace times to assume responsibility or exercise powers which do not really belong to me. My resignation has been accepted to take effect upon the appointment of my successor. When you come back you will probably find me in the stodgy, but I hope profitable, profession of the Law.I hope you will take care of yourself and come back to us all well and strong, meanwhile having a bully time.It will comfort you to know that I think Case and Jay are taking good care of your bank. Jay I have always known and admired, but Case I had not fully appreciated until quite recently.
Good Bye and Good Luck.
R. C. Leffingwell.
335p
From R. C. LeffingwellRussell C. Leffingwell, Assistant Secretary of the Treasury, Washington, D. C.
Date April 16, 1920.
Addressed to Mr Benj. Strong.
FEDERAL RESERVE BANK OF SAN FRANCISCO
Thanks for your good telegram. It did me good to hear from you. I did not know where to reach you or you would have heard from me. Basil Miles sent me a post-card picture of you and a bully big dog, which stands upon my mantlepiece.I am glad to have your words of approval. It will probably amuse you to know that you had scarcely left this part of the world when, in January, I became an earnest, and, in some respects successful advocate of dear Money, as I had always said I would if liquidation did not come with the turn of the year. I cannot tell you how much I have missed you. The old crowd has broken up and the problem seems to me to be a banking rather than a Treasury problem. I have no official stqatus in the banking problem, and am not willing in peace times to assume responsibility or exercise powers which do not really belong to me. My resignation has been accepted to take effect upon the appointment of my successor. When you come back you will probably find me in the stodgy, but I hope profitable, profession of the Law.I hope you will take care of yourself and come back to us all well and strong, meanwhile having a bully time.It will comfort you to know that I think Case and Jay are taking good care of your bank. Jay I have always known and admired, but Case I had not fully appreciated until quite recently.
Good Bye and Good Luck.
R. C. Leffingwell.
335p
Original Format
Letter
To
Strong, Benjamin, 1872-1928
Files
Collection
Citation
Leffingwell, R. C. (Russell Cornell), 1878-1960 , “Russell Cornell Leffingwell to Benjamin Strong Jr. ,” 1920 April 16, WWP18780, Benjamin Strong Jr. Papers, Woodrow Wilson Presidential Library & Museum, Staunton, Virginia.