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Brasil 146 HMJR suggests that State Dept. be asked to request British Embassy to bring Financial Attache to Washington for consultation 10/14/38 1461 18 Director of Exchange, Bk. of Brasil, regrets necessity of selling gold during the additional time taken by Fed. Res. Bk. of N.Y. to study pending transaction 10/18/38 160 Brazil See South America 152 Brazil 156 Conf. on assistance to; present: HMJr, Taylor, Lochhead White; and representatives from State Dept., Livesey, Briggs, and Collado 12/13/38 156: 3 a) Summary of letter from Minister of Finance of Brasil **** to HMJr read 17 b) Taylor reports on further meeting in his office 48 Proposed letter to Winister of Finance from HMJr again discussed 12/14/38 103 a) Copy of draft, with revisions 110 b) Draft approved by Welles c) Draft as sent 265,272 279 Brazil 157 Amn. Embassy, Rio de Janeiro, reports discussion of HMJr's letter to Souze Costa with Aranha 12/23/38 157: 309 Brasil Arahana 160 Subjects to be discussed by - with U.S. Govt. 1/12/39 160: 23 a) Discussion at 9:30 meeting 1/13/39 28 Agenda for discussions in Washington sent by State Dept. EE to Am. Embassy in Rio de Janeiro 1/16/39 108 Brazil Conf. on agenda for meeting; present: reps. of State Dept., Pierson (Export-Import M.), HMJr, Taylor, White, Lochhead, and Edwards 2/7/39 163: 231 163 Brazil HMJr advises Hopkins to ask Secy. of State for.164 guidance in connection with *****ing delegation 2/10/39 visiting 164: 203 Brazil Conf. concerning iron ore mining concession: 165 present: HMJr, Duffield, Dowling, and Malasenoff 2/24/39 165: 285 Brazil See also Cotton 167 HMJr tells 9:30 group he will not again see Aranha - that he has "lost face" 3/2/39 167: 54,61 Brazil 69 Garner questions advisability of Brazilian loan! 3/14/39 169: 196 Brazil 171 Change of tax on exchange remittances in payment of import bills increased 3/24/39 171: 49, 290 Brazil See Foreign Exchange Rates 195 " War anditions 207 Book 207 Brazilian Negotiations - Part I Sept. 26, 1938 - Feb. 15, 1939 Brazilian Negotistions - Part I 307 Foreign Policy Assn. news letters (confidential 9/26/38; 10/10/38 207: 1,11 Letter from Min. of Finance giving resume since visit to U.S. in summer of 1937 12/2/38 22 Commrce Dept. memo: "Economic data concerning Brazil for the general info. of Secy. Hopkins" 12/29/38 36 a) Trade of U.S. with Brazil in 1937 43 b) Changing character of Amn. exports to Brazil (1/16/37) 55 Proposed message to Brazilian Govt. stating that Aranha should be prepared to discuss in detail all aspects of subject mentioned in Souza Costa's memo to HMJr on 12/2/38 1/12/39 98 a) Treas. sends copy of message to Jones 1/17/39 95 2 Brazilian Negotiations 207 State Dept. release: Brazilian Minister of Foreign Affairs Aranha formally Invited to visit U.S. 1/14/39 207: 92 save 09 JO fines space 66/LT/T Amn. Embassy, Brazil, cables giving confidential info. from Director of Exchange, Bank of Brazil, etc. 1/29/99 1/20-24/39 107 Berman-Brazil relations: Bank of Brazil from this date on permitted to register new sales of Brazilian products to Germany 1/25/39 116, 117 Basis of discussion with "ranha 2/1/39 123 Personnel available 1h Latin American field discussed by HMJr and White 2/3/39 133 * a) Conf. to discuss; present: reps. of Treas., State, and RFC 2/7/39 207: 145 3 Brazilian Negotiations 207 State Dept. memo on Brazilian negotiations: "hite comment on proposals 2/6/39 207: 137 Data on Brazil (sumary) 2/10/39 158 a) Direct Amn. investment in Brazil 161 b) Brazil's debt situation 163 c) Brazil's foreigh exchange situation 165 Brazilian proposal - significant features of 166 a) Policy to be followed in organizing Central Reserve Bk. of Brazil 169 b) Problem of the external debt 172 c) Arrangement for credit of $20 million to Exchange Dept. of Bk. of Brazil for release of exchange for current trade 179 d) Economic equipment of Brazil 182 e) Outline of Brazilian-Amn. organization for mobilization of natl. resources of Brazil 188 4 Brazilian Negotiations 207 Negakinkings Confe. (Treas.) 2/10/39; 207: 205, 2/11/39 230 HMJr's own program written prior to Aranha visit 2/11/39 237 Aranha visit described by HMJr to Lochhead, White, and Foley 2/11/39 240, both 247 Proposed concurrent resolution of / houses of Congress to be in the nature of a vote of confidence on propriety of use of Stab. Fund to purchase Brazilian milreis so that Brazil may have dollar credits with which to finance purchases in this country 250, 254 a) Foley opinion # 2/13/39 248, b) Draft sent to welles. 2/14/39. 320 289 * 4-A Brazilian Negotiations e) Conf. with FDR described to Treas. group by HMJr 2/15/39 207: 357 1) Unhesitatingly FDR recommends Export-Import Bank a) HMJr thinks FDR was advised against Stab. Fund advance 207 5 Brazilian Negotiations Conf. with Aranha; present: reps. of State 207 Dept./ and Treas.; Knoke also present to give * technical assistance 2/13/39 207: 286 HMJr's dinner in honor of Aranha 2/13/39 296 Conf. with Aranha and Dantas - Jesse Jones present 2/14/39 330 a) Outline of Brazillan-Amn. organization for mobilization of natl. resources of Brazil attached 338 Treas. memo (revised) for FDR pertaining to propesed Stah, Fund operation in connection with Brazil 344 e) Copy sent to Welles 2/15/39 341 FDR to see HMJr and Welles prior to conf. with Aranha 2/15/39 352 * a) Details discussed by Treas. group with Knoke 2/14/39 207: 300 * 6 Brazilian Negotiations Central Bank discussed by Aranha, Dantas, and 307 Penteado with reps. of State Dept. and Treas.; Amb. Caffery; Harrison, Williams, and Knoke (FRB of NY) 2/15/39 207: 353 208 Book 208 Brazilian Negotiations - Part II Feb. 16 - Aug. 28, 1939 Brazilian Negotiations 208 Conf.; present: reps. of Treas., Fed. Res. Dk. of N.Y., State Dept., and Messrs. Dantas and Penteado (Brazil) 2/16/39 208: 1 Conf. between Treas. and State Dept. with Arenha 2/17/39 4 a) Aranha reiterates his understanding that Treas. does not object to Central Bank but thinks it wise to wait Itabira Iron Ore Co., in Brazil: development project of 2/14/39 24 Stabilization Fund advance to Brazil discussed by HMJr and Jesse Jones: FDR unhesitatingly recommended making loan thru Export-Import Bank 2/19/39 34 a) 2nd conversation with Jones discussed by HMJr with Lochhead, Foley, White, and Bernstein 2/23/39 . 37 2 Brazilian Negotiations 208 b) Conversation with Jones 2/24/39 2017 39 HMJr tells Jones he thinks it important for Jones to advance $15 million; HMJr approves Jones' asking Harrison to "unsell" Aranha on Central Bank of Brazil 2/27/39 43 Pierson and HMJr confer; Pierson willing to help in any way 2/27/39 44 a) Conversation repeated to Welles 46 Brazil-U.S. Relationships: Special Report February, 1939 49 Material for discussions with Brazilian Foreign * Minister 131 Case brought by importer in N.Y. State Court to compel FRB of NY to certify to Treas. milreis ** from one heretofore certified 5/3/39 194 different rate of exchange for the Brazilian * Standard 011 Co. reports on position of affiliated xxifa COS. in connection with petroleum imports into Brazil 2/28/39 210 ** a) Justice Rosenman dismisses action 6/13/39 361 3 Brazilian Negotions 208 Jones transmits draft of tentative agreement reached with Export-Import Bank 3/4/39 208: 214 Kennedy (Joseph P.) reports on inquiry by Leith-Ross concerning possible loan 3/7/39 227 Conf.; 3/7/39 present: reps. of Treas. and Briggs 229 a) Complete set of all documents, including press release, letter from Aranha to Treas. and answer, etc., discussed (Documents: page 249) Conf. with "elles 3/8/39 286 Brazilian Embassy informs HMJr decision has been 4 Brazilian Negotiations reached to create Central Reserve Bank 3/8/39 2014 301 Foley memo transmitting (1) HMJr's letter of 6/7/38 to FDR, enclosing draft bill; is (2) Oliphant memo of 6/27/38 setting forth reasons why proposed legislation was not resumption of dollar diplomacy; (3) Oliphant and White memo of 11/3/38 discussing program of econmic assistance b Latin American countries; (4) proposed letter to FDR discussing program of economic assistance to Latin American countries and enclosing outline for specific assistance to Brazil 3/8/39 208 305 Export-Import Bank transmits copy of letter from Souza Dantas setting forth in detail more important exchange obligations of Banco do Brasil to Amn. Hull cable to Amn. 2/2/29% Embassy 3/10/39 Drazil, indicating exporters 327 3 principal differences between text of decree law * a) HMJr's answer 3/9/39 207: 321 5 and draft of decree law furnished Dept. by Aranha 208 4/11/39 205 337 338, 340, Brazilian-Argentine foreign exchange agreement 347 signed 4/13 in Buenos Aires reported on by Amn. Embassy, Brazil 336 Guaranty Trust Co. decides not to participate and requests that its quota be distributed to other banks, suggesting that a Cleveland bank be added to group 5/10/39 353 a) Allotment gransferred to Natl. City Bk. of Cleveland by Bk. of Brazil 354 5/11/39 6 208 an. Embassy, Brazil, reports on promise secured from Director of Exchange to give to Brazilian subsidiary of Amn. and foreign power group $50,000 weekly for dividends and earnings and to pay $83,000 for expenses incurred in 1937 to All America Gables 5/13/39 203: 356 Bank of Brazil arranges to liquidate exchange * arrears of Amn. firms 5/13/39 357 Illness of Aranha delays Central Bank plans 5/22/39 363 "Temporary payment by Brazil on debts July 1," reported by State Dept. to Cotton 6/23/39 365 Confidential circular sent agencies of Bank of Brazil states that German compensation mark will be crossed with the dollar effective Aug. 10 7/29 371 * Amn. Embassy, Brazil, reports on return of Aranha 5/17/39 208: 200 Brazil See War Conditions: Latin America See Books 209 210 212 214 225 232 Brazil See Latin America Books 236 258 293 338 492 573 237 261 306 352 499 574 239 263 308 384 504 575 241 265 309 390 515 639 242 266 325 402 518 668 243 275 326 409 527 671 245 280 319 457 532 679 246 288 322 483 544 248 289 335 488 546 Brazil See War Conditions: Gold See Books 335 461 Brazil See War Conditions: Foreign Funds Control See Books 374 434 Brazil See War Conditions: Japan 458 Brazil See War Conditions: Shipping 462 Brazil See War Conditions: France 464 Brazil See Gold 512 Brazil See Foreign Funds Control 530 Brazil For Rie conf., see Latin America 541 L. Brazil See Post-War Planning: Internatl. Stab. Fund 645 Brazil 701 See War Refugee Bd. See also Book 709 Brazil See Post-War Planning: Currency Stabilization 722 See also Book 723 Brazil See Post-War Planning: Currency Stabilization 736 (Internatl. Conf.) See also Books 741 742 746 Brazil 834 Experts of cotton to Canada: See Foreign Economic Policy Bd. Bread 606 See Inflation Breslin, Eugene F. (Bur. of Mint) See Deferments, Military 737 Brett, Geo. H. (General; Chief, Army Air Corps) 271 HMJr thanks Army for able assistance 6/10/40 271: 96-I Bretton Woods, N.H. 733 See Post-War Planning: Currency Stab. (International Conf.) See also Book 739 749 Bretton Woods Conf. 773 See Post-War Planning See also Books 780 788 792 802 805 Bretton Woods Conference See Post-War Planning: Burgess speech 781 Bretton Woods Conf. Creighton (FRB of Boston) endorses: See Post-War 783 Planning Bretton Woods Conf erence See Post-War Planning 806 See also Books 807 815 825 808 816 826 810 817 828 811 818 829 812 821 813 622 823 824 Bretton Woods Conf. See Speeches by HMJr: Bretton Woods and What It 812 Means to Labor : Bretton Woods Conf. See Post War Planning 817 " Speeches by HMJr Bretton Woods Conf. See Speeches by HMJr: Detroit, Mich., 2/26/45, 821 Economic Club Bretten Woods Conf. See Pest War Planning 825 " Speeches by HMJr 830 Bretton Woods See Post-War Planning: Bretton Woods Bretton Woods Conf. 8 See. Post-War Planning Bretten Weeds Cenf. See Pest-War Planning 832 Bretten Woods Conf. 833 See Post-War Planning Bretten Weeds Conf. See Post-War Planning 834 Bretton Woods Conf. 835 See Post-War Planning Bretten Woods Conf. See Post-War Planning 836 Bretton Woods Conf. See Pest-War Planning 837 Bretton Woods Conf. See Post-War Flanning 838 Brunning, Gumary 16 HmJr Jr anamges for Gustms to congrath will stah Dyt in his lauding 1/18/36 XVI 3 Browns 12 Halter Cummy tills HmJr H brown make party contribution of an new hing sicriminated against; H M J. sugkend & connection of facts - shap any husiness man medicals Taso. is liscliminating against him can see H m It % Breweries See Indiana 205 Brewster Aeronautical Corp. See War Conditions: Airplanes 323 Brewster, Owen (Senator, Maine) Corres. concerning alcohol situation between 720 Rev. Field, Bridgton, Maine; the Senator: and Treasury 4/11/44 720: 56 Bricker, John W. See Post-War Planning: Post-War Taxation 735 Bridgeport, Conn. 696. See Financing, Govt.: War Savings Bonds (4th War Loan Drive) Bridgeport, Conn. 698 See Speeches by HMJr: "We the People" broadcast Bridges, Harry See U.S.S.R. 287 Brill, F. W. 724 See Procurement Div.: Surplus Property, Disposel of Brink, Cel. 524 See Military Reports Brinkmann, Rudolf See War Conditions: Germany 179 Brisbane, Arthur See Gold 2 Bristles See BEW 605 British Dominions See Lend-Lease: U.K. (Phase 2) 792 See also Books 796 798 803 British Dominions See Lend-Lease: U.K. 810 British Empire See War Conditions: United Kingdom 407 British Empire See Lend-Lease 506 British Equalization Fund See Stabilization 74 & British E E 48 SEE Gold 35 260 Lbt British Ministry of Economic Warfare See Military Reports 484 British Overseas Airways Corp. 389 Operation from LaGuardia Field to British Isles now legally possible - Cox memo 4/17/41 389: 312 British Posters See Financing, Govt.1 War Savings Bonds 528 British Purchasing Mission See War Conditions: Purchasing Mission 209 British Purchasing Mission 471 FRB of NY statement showing dollar disbursements, wk. ending 12/3/41 471: 361 British Purchasing Mission Vesting order sales 12/12/41 472: 199,200 472 British Purchasing Mission 474 Vesting order sales 12/17/41 474: 44,45 FRB of NY statement showing dollar disbursements, wk. ending 12/10/41 222 British Purchasing Mission 478 FRB of NY statement showing dollar disbursements, wk. ending 12/17/41 478: 252 British Purchasing Mission Vesting order sales 12/31/41 480 480: 270,271, 272,273 British Purchasing Mission U.S. takes over aircraft contracted for by U.K.; 481 War Dept. letter concerning payment therefor 1/1/42 481: 131 a) HMJr thanked for "invaluable help" British Purchasing Mission 482 FRB of NY statement showing dollar disbursements, wk. ending 12/24/41 482: 325 British Purchasing Mission Gold and dollar balances 1/8/42 483: 483 298 British Purchasing Mission FRB of NY statement showing dollar disbursements, 484 wk. ending 12/31/41 484: 282 British Purchasing Mission 95 Vesting order sales 1/12/42, 1/14/42 485: 182,183, 467,468 British Purchasing Mission FRB of NY statement showing dollar disbursements, 480 wk. ending 1/7/42 486: 293 British Govt. Finance: Hoflich (H.D. White) memo 1/20/42 330 Vesting order sales 1/20/42 342,343 British Purchasing Mission Financial situation due to Malayan situation 487 and news from Singapore discussed by - Phillips and HMJr 1/22/42 487s 231 a) Cerres. 232 British Purchasing Mission FRB of NY statement showing dollar disbursements, wk. ending 1/14/42 488, 141 488 000011 British Purchasing Mission FRB of NY statement showing dollar disbursements, 490 wk. ending 1/21/42 490: 98 British Purchasing Mission 495 Gold and dollar balances during Fridays in Jan. and Jan. 31 2/10/42 495: 148,472 FRB of NY statement showing dollar disbursements, wk. ending 1/28/42 152 Vesting order sales 2/11/42 480-485 British Purchasing Mission For discussion of assets, ... Lend-Lease 497 Vesting order sales 2/17/42 497: 317, 318 FRB of NY statement showing dollar disbursements, wk. ending 2/4/42 319 British Purchasing Mission 499 FRB of NY statement showing dollar disbursements, wk. ending 2/11/42 499: 327 British Purchasing Mission 502 FRB of NY statement showing dollar disbursements, wk. ending 2/18/42 2/28/42 502: 329 , British Purchasing Mission 506 Vesting order sales 3/9/42, 3/10/42 506: 134-137, 309,310 FRB of NY statement showing dollar disbursements, wk. ending 2/25/42 3/10/42 311 British Purchasing Mission 507 Geld and dollars available as of Feb. 6, 13, and 20 1/11/42 507. 57 7RB of NY statement showing dollar disbursements, wk. ending 3/4/42 3/14/42 369 British Purchasing Mission 509 Packard Meter Car Ce.: Refinancing discussed in HMJr's letter to Phillips 3/20/42 509: 360 a) Letter to Jones 367 British Purchasing Mission FRB of NY statement showing dellar disbursements,510 wk. ending 3/11/42 3/21/42 510: 36 = " 3/18/42 3/26/42 350 British Purchasing Mission Vesting order sales 3/30/42, 511: 237,238, 3/31/42 350-353 511 British Purchasing Mission FRB of NY statement showing dollar disbursement 512 wk. ending 3/25/42 4/2/42 512: 270 British Purchasing Mission Vesting order sales 4/6/42 513: 368,369 513 1 British Purchasing Mission 516 FRB of NY statement showing dollar disbursements, wk. ending 4/1/42 4/13/42 516: 61 British Purchasing Mission FRB of NY statement showing dollar disbursements,17 wk. ending 4/8/42 4/17/42 517: 299 British Purchasing Mission 518 For vesting order sales, see Lend-Lease; U.K. British Purchasing Mission Brandt, Mr.: HMJr sends word to FDR he opposes 519 B. as Chairman 4/22/42 519. 54.57 a) ")Hopkins assumes neg. of opposition 520:164 British Purchasing Mission See Lend-Leaset U.K. 525 British Purchasing Mission Brand-Monnet-Hurnane set-up (See also Bk. 519: 540 British Purchasing Mission; and Bks. 524 and 536: Foreign Funds Control) discussed by HMJr, Halifax, and Lyttleton in connection with naming of new chief of Mission 6/17/42 540: 15 a\ Further Rport on 6/19/42 541:91 1) Bullitt phone call 6/23/42 542: 1 c) Halifay -AmSr after Lythetm talkmier monnet :4 British Purchasing Mission (Monnet, Jean 550 (Murnane, George See also Book 540 Foley memo on status of tax phase of investigation 7/16/42 550, 99 2 British Tax System Brief summary of preliminary report made by Magill, Parker, and King 11/22/34 2: 204, 207 British-Amn. Tobacco Co. Circuit Ct. of Appeals (N.Y.) affirms decision 195 in favor of Fed. Res. Bk. of N.Y. and dismisses action ($35 an OZ. for gold turned in) 6/13/39 195: 247 Britton, Mason 385 See War Conditions: Lend-Lease Broadcasters, Natl. Assn. of See Financing, Govt.: War Savings Bonds 551 Broadcasters, Nati. Assn. of See Public Relations, Treas. 653 Broadcasting Magazine See Financing, Govt.1 War Savings Bonds (6th War Loan Drive) 805 Bredrick, Lynn R. See Int. Rev., Commissions of 694 Brookings Institution 446 See War Conditions: Inflation Brooklyn Navy Yard 390 Lack of protection described to 9:30 group by HMJr after an inspection trip 4/21/41 390: 66 Brooklyn, N.Y. See Revenue Revision 613 Brooklyn, N.Y. See Financing, Govt.: War Savings Bonds 665 (3rd War Loan Drive) Brooks, Benjamin T. See Appts. and Resignations 585 Brooks, Edward (Sears-Roebuck) See Appts. and Resignations 266 Brooks, Overton (Congressman, La.) 709 See Revenue Revision: Simplification of Income Tax Brotherhood of Locomotive Engineers See Financing, Govt.: War Savings Bonds 569 (Payroll Savings Plan) Brotherhood of Teamsters, Internatl. See Financing, Govt.: Defense Savings Bonds 495 Browder, Earl (General Secy., Communist Party) 221 Dies Committee makes inquiry concerning reputed making attempt to cash $10,000 U.S. Treas. note thru a bank in Manila, Philippine Islands; Bell reviews case at 9:30 meeting 11/1/39 221: 10 Brown, Bert C (Secrit Service claration in charge, 8 artioit, Mich) Resure of his activitive in sale of 132+, 170+ 2 Brown, Clyde 1. Disbarment discussed with HMJr; Carter Glass interested 12/12/34 2: 287 See also Book 4 Brown ,Clyde A. (als. BOOKI) 4 Distarment order resided at Scrutor Glass' request 3/23/20-1 III 147 Brown, Constantine (Correspondent, Washington Star) Visit to Rumania and conversations concerning war 1/19/39 debt reported by Amn. Embassy, Bucharest 161: 94 161 Brown, J. Douglas 99 See Princeton University : Brown, Douglas (Professor, Princeton Univ.) To act as special adviser on social securi ty 163 matters 2/2/39 163: 68 Brown, J. Douglas (Professor, Princeton Univ.) See Revenue Revision 286 Brown, J. Douglas See Defense, Natl. (Dismissal compensation plan) 406 Brown, I. Douglas (Princeton Univ.) 630 For compulsory savings advocacy see Revenue Revision Brown, E. E. See Appts. and Resignations: Procurement Div. 477 Brown, Edward (Pres., First Nat1. Bk. of Chicage)485 See Appts. and Resignations / Brown, Edward E. (First Natl. Bank of Chicago, 733 See Post-War Planning: Currency Stabilization (Internatl. Conf.) Brown, Edward E. (First Nat1. Bank of Chicago) See Post-War Planning: Internatl. Monetary Conf., 753 Bretton Woods, N.H. Brown, E. E. See Post-War Planning: Bretton Woods Conf. 779 Brown, E. E. See Post-War Planning: Bretton Woods Conf. 818 Brown, Louis See Johns Manville Co. 598 Brown, Margaret B. See Financing, Govt.: Defense Savings Bonds 502 Brown, Paul (Congressman, Ga.) 831 See Post-War Planning: Bretten Woods Conf. Brown, Prentiss M. (Senator, Michigan) 192 At Farley's suggestion, HMJr talks to Brown concerning gold devaluation bill 5/25/39 192: 32 Brown, Prentiss M.(Senater, Wich.) See Financing, Govt.: Defense Savings Bends (Overtime Wages) Re-election discussed by Brown and HMJr; 508 Brewn suggests certain ways in which Treas. could help 3/17/42 50% 209 Brown, Prentiss M. (Senator, Mich.) See Revenue Revision 578 Brown, Prentiss M. See Appts. and Resignations 583 Brown, Prentiss M. Gaston outlines gossip on Brown's attitude 596 toward many jobs offered him 12/14/42 596: 147 Brown, Prenties M. Discusses FDR's plans for him to succeed Henderson 597 **** HMJr as OPA Administrator 12/17/42 597: 72,77 Brown, Prentise M. See Michigan 598 Brown, Prentise 655 See Branch Banking 1 Brown, Wm. Adams, Jr. See Appts. and Resignations 440 and Brown bill (To transfer bank examination/mupervisidn functions to FDIC) See Banking Legislation 178 Brown bill 180 See Banking Legislation Brown and Williamson Tobacco Corp. See War Conditions: Purchasing Mission See Books 388 392 Brownell, Facis # 10 Churiman Baf D.-Am. Smithing , Refining Co. SEE Silver X30 X Browning, Al See Post-War Planning: Surplus Property Disposition83 (Merchants recommended by Donald Nelson) Browning, Albert J. - Gen. 717 See Procurement Div.: Surplus Preperty, Disposal of Brucs, Edmad 6 $500,000 t his art project; Bruce sainfirmed in the hospital 6/3/25 VI 2 Bruce, Edward See Procurement Division, Section of Fine Arts 161 Bruce, Edward (Chief, Section of Fine Arts - Procurement Div. Plans series of discussions concerning Govt. art work 4/1/40 250: 1 a) Asks HMJr to participate b) HMJr accepts for radio broadcast 4/25/40 4/4/40 270 , 250 Bruce, "Ned" 371 See Financing, Government: U.S. Savings Bonds Brucc, Howard 7 Hm Jr tills Gilbons FDR will not agupt to Angresional Library Com. until Tydings is back in told 6/21/05 RIT179 James (Vice Pres., Nat1. Dairy) 611 See Financing, Govt.: War Savings Bonds (Reorganization) Bruening, Heinrich # See Post-War Planning: Germany 768 Bruening, Heinrich See Post-War Phanning: Germany (Quebec Conference772 Bruening, Heinrich See Post-War Phanning: Germany (Quebec Conference 772 Bruere, Henry (Bowery Savings Bank) See Financing, Govt.: War Savings Bonds (Savings Bank) 562 See also Book 592 Bruere, Henry (Bowery Savings Bank) See Taxation 596 Bruere, Henry See Financing, Govt.: War Savings Bonds 662 (3rd War Loan Drive) / Bruere, Henry 696 See Refugees (Jewish) War Refugee Bd. Bruere, Henry 734 Liaison between Treas. and mutual savings banks to continue 5/23/44 734. 236 Buchman, Julius H. 400 Road traffic problems - Kamarck memo on association with Dr. Herrey and his wife, Erna Vohsen 5/21/41 400: 340 Buck, Clarence F. - Chicago, Ill See Knox, Frank (Secy. of Navy) 468 Buck, J. Lossing See Silver: China 3 Buck, J. Lossing HMJr asks to return to U.S. for one month 11/30/3648 46: 284 65 Buck, KJ. Lossing In U.S., HMJr makes appt. to see 4/20/37 65: 267 Buck, J. Lossing 120 Future status discussed at 9:30 meeting 4/25/38 120: 276 Buck, J. Lossing 246 HMJr asks to see; was surprised to see MXM Buck in Treas. since he no longer works there 3/12/40 246: 338 Buck, J. Lossing 290 Chen comments on future plans 8/7/40 290: 24 Buck, J. Lossing 402 Announces postponement of return to U.S. until July 1942 5/28/41 402: 179 Buck, Pearl See China 618 Buckley, James C. (SEC) See Appts. and Resignations 286 Buckley, James C. Resume for week 2/10/41 371: 133 371 Budd, Ralph See Foreign Funds Control: Gen. Aniline & Film Carp. Budget HMJr and Douglas work with FDR on message 1 4/19/34 1: 44 a) First draft 45 Budget 2 HMJr and Bell at Hyde Park; FDR explains expenditures for 1936 as be thinks they will be: unemployment - I minimum of By $1} b: llion; public works - $1 bil, maximum of two $4 to $5 billion. HMJr discusses setting up double budget; HMJr also mentions making Budget a Bureau of the Treas. but FDR does not take to idea. 9/8/34 67 HMJr and Bell at White House 12/13/34 2: 290 Budget HMJr and Bell at White House 1/1/35 3 3: 4 a) Unexpended and unobligated expenses of emergency agencies dismussed; FDR saves $937 million; agrees to to unfix notify *agencies b) HMJr pleads for smaller deficit next fiscal yr. Merz (N.Y. Times) inconf. with HMJr and Bell stresses advantage of budget balanced except for one **** item - relief; HMJr impressed; in conf. with FDR, Bell, Ickes, and Hopkins, HMJr dramatizes danger of paper inflation; keeps FDR from capitulatingato IckesIas he did in Increcutive Order "affair"a year agos 5 a) Page entirely written by Mers entitled, "The message Fiscal Year of 1936" included in budget # 1) For FDR's own figures, see pages 9 and 10 2 Budget 3 $4 Billion 8: 3: 7 a) HMJr feels fund for CCC camps should come out of & billion 8 b) In conf. with FDR, Hopkins, and Ickes, HMJr states fund cannot be entirely spent in one yr.; Ickes and Hopkins disagree War Veterans: Coolidge suggests that total amt. of money spent by Govt. be shown separately in budget; FOR considers it a good idea 8 Press conf. at White House; Early asks HMJr to come to in about 15 minutes after conf. starts; HMJr considers this very f unfair 1/8/35 70 # Bell urged to take vacation after third session ends; HMJr thinks he may have passed - worst financial orisis as Secretary 8 ** e) Peoples explains Congressional reaction to HMr: $4 billion lump sum is fine but $300 million for public works is not so good 1/9/35 85 3 Budget (RA) (WPA) FDR secretly allots funds to Sugwells and Hopkins; HMr discouraged after discussing with FDR 1/22/35 3: 200 3 Budget 8 FDR, on 1/1/35, ts HMJr next bulgt will show at of at #50, 000,000 t ngular aggrogriations - next press mlief will H.M. about Jr 42'/2 hillion, therefor deficit will h only N4 biltim. cynical about possibility 1/1/35 VIIIZ FDR ligated axs Diretor F. Definith figure on @ all moob - balances in old nlief "op" TS; 2 .. PVA ; PVA ,0 all mobling. belances " " in AAA 7/1/35 VIII 3 "Budget HMJ. asys 8 N FDR what he is going to - with many raind by trgation i FDR says " Rtin public debt; HmJr If kils FDR BCH says this plan is no good; to public must br in pool that such year deficit is had h will ks; FDR till, HmJs "politically you are right- 20 Year viluppint I an right 1/3/20 14 VIII nytimus Years definit $1,240,000,000 bilm setimats 7/3/55 IIII 14A 4 "Budget 8 Hm Jr decides if deficit beg.mine VILU is to h las-hc must study 1/3/35 YIII 14- After talk mileFDR in - HmJr is summaged i hoges to keep deficit in final 1936 . in find 437 008. 1/2 billion IIII 110 Budget FOR 9 Cen 7/1/55 tall, Hm Jr #21/2 billin mudel for in nyt firsal you in 8/5/35 tills Hm Jr he has told Hungisins 11.2 biller must h k/t - 1 $4. 8 billion ; he will then ask I- ald'l " billion my IV 10 X Budget " also 44.8 billim fund 10 August, 1955: H m Sr sytromely There based deals Worn continue FDR : Lungred upsetting bulget i mlas her long he can most 1 ; religar thanstion colours reations It lowpaging as siey; gov.hility of gay't hfa Water trip Summary of bulget cotimates 11937 gian HwJr freel fiscal by Bill 10/22/45 &106+ SEE chart (Reciph Total . informations . yguitume Is0m 151 3Budget 10 expectitures estimates considered at confurnce "/28/45 $154 & FDR, Hm J. , Bill confor ; HmJr ausions to noth FDRINATIONS after 3 mks whe ALKW , and in stimube r mlief not you 10/31/35 I198 a) Summary as of bulget intimate f fisial 36-37 of 10/14 10/14/35 a attached $199 199 Budget SEE also A AA 11 HmJr J. dow not approve of Billi actions - X meeting are FDR"Ly X168 a) setimated Agriz. helget includes itw f 107 william - 30% of not mugh to next final year ,HmIr - His like this winning of funds which % not be Cam. a Acg'ns ; HmJr m CON that this itm go b) J. also helpd Bill git RFC mdas Bulget ; - Bill not H using rpeal of this part of AAA Act Bill protests marings supped to Angric. bulget . P ind. in bulgt particularly gartul. 2Bulget 11 Cathinge (Turnes) article Distabs FDR+HmJr 11/14/55 XI 186 Budget 12 FDR #4 sketches uppear tures as the SAW them - "list" 5 billim incl. maything hat alief. Hm.Jr in 10 Smill sign" make about hous- - FOR unys fwl passes, not Ichance "/19/25 XII21 F.W.R., ED Canneral a) Hinco, it M Jr . Bill confor on honwer AII 125 b) Willin needed to pay have "2 500,000 returns hur not harred - contifus ) # yes In says if grasing many is lift to Tm. it -11 h done in an arthodos manner a Budget 12 d) H m Jr . Bill or to pay haves in all cash valler than having special had Dsne 1) FDR suggests alternation ofcash or an a tractin and Bill at out tills FDR in 101 million to love t Gootoms KN was Rally ma with FDR my gin it to them . way will of Agric. there - a 1½ million to which they FDR strengthen Hm Its hand on laving customs many 81126 XII Hmax hils HmJr Hopkins 800 not - mendrement figur nyt by 930 PDR thinks he will passed bulgit Budget 12 amithing klief - show # 300-400 willin to the good XII 126 Vincr thinks idea mush h Excellent XII 159 Builget 13 F.DR, HMIr Bill + Buchavan givens 2 Warm Sorings -) HmJr . FDR mile not to mustion liaving / 9/20/2016 1 of met of budget b) Exclusing of ^^^^ . left 1936-27 bulget with billion c) B. MIS suggests millim not saing "of any nw mm/ frandrands = 1, FOR t fisttime smysbe intends to at ccc inhalf= #300 million saving Bulget 13 5) The may masse gosible balancing helpt FOR, HmJs - BcH you lisenss "lasts.- XIII 2 a) FDR man to keer 1400 imployees in DRA ,Bill themis 700 sufficit, HMI, - I, sunggests AFOR MAIl job of reduction h lift to him . FOR agnis 1) includ orggests 4150 million at in GWA . FOR "Bulget 13 Coolidge greatly ugist FDR stahl in Attanta speech, country can look found was to constantly demosing deficit; bend dine soid must nad FDR. Hm3p mystlin 2 ᵈ up bit, he has figures div. you into bank puid will shad increase in Lefieit "1/2/25 gw.als XIII 4 a) HmJ. says he cannot h so upsit; called Bill Have who will us 1 living willin sstimates b, A M.Sr suggests that codidge talk to FDR & Bulget 13 nra (ant h that lismed of TIRA) by H - I, Bill, Coolidge 4W. a) Copy HmIr of Name at to FDAY Bill - "115 12/4/20 IVI 21 4 FOR 40141 Mill for regart m all parent XII+23,24 c) Resume of commition, HmJr., Martin(inky) d) Hilli report. -as mgrshl Kitt 27+ XIII 32 + Recome istimates discussed 12/6/25 XIII 40 Mchiol . hables sstimated attached higher them Ssit-Wuns whitherton ones 5,Budget 13 MRA Discussed by AmJr. Bill, me Reynolds Martin, HII + Diactor 14/18/15 XIII 261 a) White program aducation of for toisoo 5 4% NWI, - - Wi Reynoids surgest n/11 11 HmJr says he will suggest to FDR ex all activities wegt YORK (tolabor) h mans to Commine 6) Proposed actin 1/15/36 -payes Shimikals IIII 265 d) Progonal executive onder IIII #268 Bulget 14 Copy of message review by H as Jr,Bill Jr, - Ely 12/28/35/prin to of at heith these XII 216-253 a) FDR Dicketis partion m relief poture that AmJr considers so awful it is not used XIII 254-255 b) Pingles soft rejected by FDR XIII 256-258 c) leghanis Draft -FDR used last passingh IIII 259-262 d) Redraft after 1ST talk -14FDR XIII 263-267 Budget 14 e) acturative Daft of pp.1-4 containing name istimates based " 14*6 2 - 1928 business conlitions XII 3m- 309-313 313 511 Has Rsume' of business conditions Budget mcss age, 1936 15 Bill transmits to Has FDR's suggestions XV 3A-G Estimates of Revenue 20 HmJr suggests to Gaston that Outlicity br given to istimates . them actual accipts by states "h136 XX1-8 ) fist 8 months (to mer.1) - them march signatily Budget 25 Ticker amountio" comm. also agyrod a plan to plant Dukes to MAKE grants as mil aslows for $250 willin revolving fund he maintains mild HURFC" ; Hm5r tills FDR it will m balance budget - FDR angry 6/21/36 150,152 150,152 Budget 28 Hm In lecides to Phone - DR ast + stage 10 Bill will get from ble having 1/6/56 28:94 Bill tills HmJr FDR is not goving out Lift summary until Ang 10 when here will h - paste talk 7/8/36 28:94 UmJn Missy lecides to 1/9/36 tale to FDR again Lowsuld 28:95 2 Budget 28 a) Reals Gutrule Stin mm about mmey to Missy 28:96 28: 96 Bulget 29 staff meeting $110/36 amend #mJ, M.R. hugham ,Bill, Taylor, Has, Gaston a Ol.phant 8/10/36 29:133-134 6) FDR not going m and thougs an so Inaly by HMJ, nummers Tracury sit 0 1% nown is ryungh b them deg t 6) Hm5p 40KS Bill about asulh in . Hat Dysts . Paymins HmJ, tills Bill - Gaston hi has to FDR a wat. as Hule Park 3/15/26 29:325 Budget 30 Untook - SIC Moolis Band Survay 8/24/36 30:280-259 Summetion see Financing, Govt 149-166,266-270 1 Bulgit 31 SEE Financing, Goot: summation relussed 9/2/36 31:26.40 Budget, balancing of in 1938 37 SEE Democratic, 1936 37:34-36 11111-13 ! Estimatio of Federal Revenue 47 SEE Revenue, Faleml 1. Original ustimate for fiscal MJ8 - Ruicl st. for fiscal 1957 12/20/156 2011-11 47:367-281 Runne, Fileral 47 Original stimath , Resid pal 1937 producted 12/7/36 to H m Jr m 12/10/36 b 3561-77 41:267-281 Budget 49 missage Insuranced by Hm I. , FDR 12/28/36 a) Thinks Bills too many figure 49:266-265 b) PAID of Eulu' 8 mines consideral (SEE 11. 40-mi) 269-292 1) FDR finally ROIS Hm Is to fix it up d) message It Jr, Bill, Ely, Gastan shyham how w ; Bulget 49 ) They call mFDR a mal HmJrs organd message 1 Bulget Fixal Year Ending 6/30/35 50 Deaft 1 of TWFOR 50:1 1 is 2 28 ** 3 - 45 2nd 1st Printed im.f fFDR's Bulget message - 78 90 statument by Be Pas. on the Summation of Bulget 6/30/28 the 1937 Bulget akased 9/2/36 123 Budget message - summary Budget 139 Budget HMJr tells Bell the two of them should visit White 55 House twice a month while Congress is in session to show FDR how new legislation is changing budget 2/15/37 55: 106 a) First report. 107 Revenue Extends Estimates 61 HMJr tells Bell a revisions must be prepared for FDR 3/29/37 61: 255 a) At Warm Springs, FDR told HMJr "with the Farm Tenancy Bills and the others, it will be a couple of hundred million dollars over the estimates but they won't spend but * 30 or 40 million of it; you won't have to borrow any money - it's just on the books, that's all; it's just an appropriation" 1) Bell: "That's whet hurts" 62 Budget See Govt. Bond Market " Business Conditions Magill memo presenting revised estimates made by Div. of Research and Statistics showing major deficiencies in revenue receipts for pesent fiscal yr. 4/2/37 62: 217 axfaxx # HMJr (in own handwriting) reports on Cabinet meeting 4/2/37 218 a) FDR said Still hopes for a balanced budget for 1938" 2) "Will try to get through this fiscal yr. without any more demands in the Treas." Budget FDR memo to heads of exec. depts., etc., asking for careful survey of expenditure requirements 63 for remaining months of fiscal yr. 1937, with a view to making substantial saving by eliminating or deferring all expenditures not absolutely necessary at this time; revenues for present fiscal yr. will be materially less than amt. estimated in budget message of last Jan. 4/7/37 63: 195 Budget 64 Meeting on revised estimates; present: HMJr, Magill, Haas, Bell 4/12/37 64: 111 a) Magill reports 193 wealthy individuals in 6 districts report 13% more net income for '36 and 1% more dividends; Magiklixthinks on mathe large corporations which were widely held, there was an increase in the dividend and credit which they took of only 11%, and in the large corps. which were closely held, there was an increase of 47% in dividends; HMJr thinks they should he about double Miss b) Haas reports on conf. with/Wetherton, etc., from Helvering's office; HMJr had requested this since Helvering goes to FDR and gives him entirely different picture 114 2 Budget 64 c) Magill reports net reduction in actual receipts as against estimates for '37 is 594.5 million; HMJr has consistently told FDR we'd be off between 5 and 6 hundred million dollars and FDR has consistently said 350 d) HMJr feels that Helvering has played absolutely square; simply gave an estimate to FDR "but of the air" when FDR asked him 117 Joe Kennedy comes in while HMJr is lunching with FDR; protests vigorously about budget and everything else; FDR indicates to HMJr "not to tip his hand" and assures Kennedy everything will be all right 4/12/37 166 HMJr tells FDR Hopkins alone has cut expenditures; Ag, and all other agencies "going full blast" *4/12/37 166 * Hill memo to Myers (Gov., FCA) on "Govt. Aid 4/14/37 to Agriculture, fiscal yrs. 1934-37* 388 3 Budget 64 Conf. in regard to shortage below expectations in income tax returns; present: HMJr, Magill, Haas, Taylor, McReynolds, Gaston, Oliphant, Helvering, and Reed (Int. Rev.) 4/13/37 64: 193 Bell's first draft of, budget message 4/14/37 353 Peoples (Dir., Procurement Div.) reports on personnel transferred from FERA to Treas. Dept. in Aug., 1935 (totalling 703 employees) and on total purchases of supplies, equipment, and materials made upon requisitions submitted by WPA to carry out projects approved by them 4/14/37 390 Budget HMjr asks for weekly resume of status of bills 65 pending in Congress involving large approporations * 4/15/37 65: 9 HMJr is appreciating more and more fully that more money is being given away to Ag. than to B WPA; Myers.reports that Govt. aid to Ag. from 1934-37 totals $2,594,000,000 4/15/37 10 FDR's first draft of nevised Budget Message 4/15/37 14 Printy Budget Measage prepared by Bell considered at White House 4/16/37 61 For Hopkins' draft of proposed relief message, see page 74 a) For eventual fate of this message, see HMJr's acct. to 9:30 group 4/19/37 174 * Oliphant tells HWr there are over 200 bills pending, authorizing appropitations in excess of $10 million and over 50 of these authorize appropriations in excess of $100 million; therefore whole list will be examined and only those selected which have a chance of passing; Oliphant presents HMJr with card report shewing status and amt. involved in Housing, Water Conservation, Farm Tenancy, Education bills and the Farm Security, Crop Insurance, Flood Control, Emergency Highway Construction, and Sugar acts 4/16/37 65: 59 a) For actual list of bills authorizing appropriations in excess of $10 million as of 4/16/37, see page:100 & 165 2 Budget provised 65 Draft of, Budget Message considered at White House 4/17/37 A.M. 65: 118 P.M. 130 HMJr Deports to 9:30 group, "We got everything we asked for" 4/19/37 171 Charts showing expenditures from State and local funds under Govt. emergency program, 1935* through Feb., 1937 4/19/37 219 Missographed copy of revised Budget Message 4/20/37 237 In connection with FDRIs request that HMJr find the money for Farm Tenancy Bill, HMJr gives complete resume of FDR's attitude during difficult weeks preceding revised Budget Message 4/19/37 219 2.9 3 Budget Bell memo concerning conf. at White House, Monday, 65 April 19, at 6 P.M.; present: FDR; Garner, HMJr, Speaker Bankhead, Senators Robinson, Harrison, and Byrnes, Congressman Rayburn, Doughton,&Taylor and D.W.Bell 65: 324 a) 2 problems discussed: (1) relief problem for fiscal yr. 1938; and (2) the matter of revenue now coming into Treas. being below expectations Viner tells HMJr to "fight hard" to keep Farm Tenancy within the budget because FDR will aset the pattern on very first pledge" 4/21/37 352 4 Budget In connection with FDR's nemo to heads of exec. 65 depta. asking for savings, McReynolds reports at 9:30 meeting Treas. may be able to save about $11 million 4/22/37 65: 358 Budget 66 Garner tells FDR people on Hill are right behind him in perfecting the budget 4/23/37 66: 27 FDR explains to HMJr that Housing Bill should function as follows: 6/26/37 71 1) $1 million project: city should buy provide out of its own budget $200,000; Fed. Govt. will give grant of 45% or $360,000;/Fed. Govt. will give 10% of relief labor or $80,000; balance of $360,000 should be raised on first mortgage; 2) FDR also tells HMJr he will either send a message to Congress or letter to Harrison and Doughton going into detail concerning the shortage of $600 million in revenue; wants to emphasize that Treas. estimate and method of estimating are correct but that taxpayers 2 Budget 66 find too many loopholes Garner tells HMJr time may come when he will have to resign if he does not get the cooperation of FDR on spending; Garner tells HMJr "frankly, I am talking to the Pres. through you" 4/27/37 66:88 Budget FDR tells HMJr be is definitely going to balance 68 budget in the next fiscal yr. 5/17/37 a) See HMJr-Bell conversation 68: 240 later in the day 5/17/37 267 Budget Savings by depts. discussed at 9:30 meeting 69 5/19/37 69: 74 Budget HMJr and Bell donfer with FDR relative to 78 "recent action taken toward effecting savings in the fiscal year 1928 1938" 7/8/37 78: 42, 49 80 Budget Copy of memo to FDR from Taylor giving comparison of deficit for the months of July 1937 and July 1936 8/10/37 80: 21 Budget 88 CCC: HMJr and Bell plan joint memo to FDR recommending saving by reduction of salaries of CCC boys to $21 and cut in enrollment to 290,000 9/13/37 88: 49 Peoples told by HMJr, FDR wants to save some money and 80 none of the $23 million worth of post offices has been started this fiscal year 9/15/37 146, 213 HMJr and Bell confer with FDR on draft of statement of summation of 1938 budget 9/15/37 188 Natl. Emergency Coun.: HMJr tells Beal he will again suggest abolishment to FDR 9/16/37 211 a) Bell suggests transferring part of functions to Budget * Economy move discussed by HMJr, Bell, and Fechner 9/17/37 244 a) Fechner tells HMJr and Bell of President's letter directing that the $30 salary be continued 2 Budget 88 b) FDR-HNJr conversation concerning 88: 213 Exec. Order abolishing on 12/31 signed by FDR 227 Budget 89 HMJr shows FDR Peoples memo showing expenditures of $3 million 8 cut of $23 million appropriated 9/20/37 for public bldge. between now and June 30, 1938 89: 50 a) Other depts. to be asked to plan in same manner b) FDR tells HMJr he has spoken to Jones (RFC) about curtailing future pix loans Economy plans discussed at conf.; present: HMJr, Taylor, Oliphant, Gaston, Haas, Viner, Riefler, Seltzer, a) Bartelt, Bailey (Budget) 9/23/37 Table showing actual expenditures of Govt. 255 for fiscal yrs. 192m 1926-37 265 90 Budget Plans for savings in depts. discussed briefly by HMJr at 9:30 meeting - 9/27/37 90: 6 "Economy plans* conf.; present: HMJr, Oliphant, Gaston, Haas, Bartelt; Bailey and Lawton, of Budget 9/27/37 33 a) 2 problems to be discussed: (1) revolving fund; and (2) stretching public works funds over 18 mos. b) Telephone conversation between Bartelt and Mulligan (Treas., RFO) attached 65 HMJr considering recommendation that WPA be turned over to RFC for liquidation 9/28/37 109 2 Budget 90 1 Jones and HMr confer concerning RFC budget for 1938 9/28/37 90: 111 Fed. Highway Act of 1921, as amended: Oliphant opinion as to whether Secy. of Agriculture must obligate Fed. Govt. to pay out future money which has not, at the time action is taken, been appropriated by Congress 9/28/37 120 X PWA*RFC accounting and the difficulties of 9/29/37 making it agree discussed by HMJr at 9:30 meeting 139 FCA: Bell memo on proposed financing for Nov. 1 9/29/37 172 a) HMJr talks to Myers 9/30/37 176 3 Budget 90 Ickes favorable to economy move -80 HMJr tells 9330 group 9/30/37 90: 180 Budget PWA: 91 Oliphant memo on method of handling PWA revolving fund 10/1/37 91: 30 RFC: Copy of letter sent to all loan agencies concerning future lending policy 10/2/37 52, * 67132 HMJr's letter to FDR at Hyde Park concerning balanced budget 10/5/37 68 a) Various drafts 86 Agriculture: Expenditures 1931 through 1939 (estimated)as listed by Bell 10/9/37 224289 Bell loses confidence in FDR's desire to balance budget 10/11/37 228 * Jones letter to Ickes concerning securities purchased 10/5/37 91: 104 Oliphant memo concerning "proprietary interest of U.S. in governmental corps. and gredit agencies as of 6/20/29 to 1937* 10/8/37 208 201 Jesse Jones plan to sell RFC securities and turn money received over to Treas. to help balance budget discussed by HMJr and Bell 10/11/37 226 a) HMJr discusses with FDR 10/11/37 230 b) HMJr talks to Jones prior to Jones conf. with FDR 10/11/37 292, 293 2 Budget 91 Balancing budget discussed with FDR 10/11/37 91: 229 HMJr and Bell discuss with FDR statement on summation of 1938 budget 10/11/37 231 Revenue estimates discussed back at conf.; present: HMJr, Bell, Haas, Taylor, Drun, Magill; O'Donnell, Daggit, Driver (D1v. of Res. and Statistics) 10/11/37 246 a) Annual business forecasts as of 8/31/37 281 b) Monthly business forecasts as of 8/31/37 282 c) Additional tables in re estimates 283 Budget 92 Reduction in budget estimate for fiscal yr. 1938 as planned at Treas. conf. 10/13/37 92: 70 Agriculture: HMJr tells Wallace, "You're the biggest problem we've got"; HMJr thinks they should get together and discuss future agricultural program; Wallace says, "I'll have to get busy and begin to work on it" 10/12/37 25 * HMJr tells Jesse Jones budget summation is practically completed and Wallace has said not XB one word about Commodity Gredit, which, HMJr hears, Wallace has discussed with Jones 10/12/37 27 2 Budget Age: 92 Wallace to FDR: "If budget is now to be balanced, suggest calling some of Cabinet together for suggestions to encourage private business enterprise ***** to take up slack left when Govt. ceases spending" 10/12/37 92:57 date Ag.: to Myess (FCA) asks/conf. with Wallace 10/14/37 89 Copy of FDR's memo to Wallace urging that he keep in close touch with Treas. "to avoid 10/14/37 program which would unbalance the budget" Conf.; present: HMJr, Taylor, and Haas; Wallace, 20130, Tapp, and Myers 10/15/37 a) 10/19/37 HMJr discusses at 9:30 meeting 190 207 3 Budget 92 PWA and RFC curtailment discussed by HMJr, Taylor, Gaston, Bell, and Lawton 10/15/37 92: 163 Budget 102 Conf. concerning submission to Congress; present: HMJr, Magill, Taylor, Haas, O'Donnell, Helvering, Crum, Daggit, Driver, Leahey, Bell 12/15/37 102: 106 a) Haas memo: "Revised estimate for 1938; original estimate for 1939" 124 Accuracy of estimates back to 1927 discussed at group meeting 12/16/37 168 Conf. with FDR; present: HMJr, Magill, Bell, and Shoup (Skep Shoup memo) 12/16/37 183 Second Treas. conf.; present: HMJr, Magill, Taylor, Oliphant, Haas, Bell, O'Donnell, Shoup, Gaston, Helvering 12/16/37 188 a) Oliphant memo stating (1) Secy. of Treas. is under positive statutory duty to file Budget 2 102 an annual report of estimate of public revenues for current fiscal yr. and ensuing fiscal yr.; (2) Director of Budget under same statutory duty to prepare budget for Pres. and to see that there is included in such budget estimated receipts of Govt. during ensuing yr. as well as during fiscal yr. in progress 12/16/37 102: 221 a) HMJr asks FDR for appt. to discuss 223 b) Magill memo on same subject 224 Budget Shoup memos: "The simpler plans for dealing with 103 the estimate problems"; "Revised 'April 15th Plan' for making estimates dependable" 12/18/37 103: 105 Conf.; present: HMJr, Magill, Taylor, Oliphant, Viner, Haas, White, Seltzer, Bell, Caston, Upham 12/20/37 112 2nd conf. 12/20/37 150 a) Suggested write-up for Secy.' 's Annual Report 176 Shoup memo: "Changing fiscal yr. dates and income tax collection dates" thus making it unnecessary for the Treas. to forecast buainess conditions when making estimate of income tax revenues 12/21/37 264 Budget 104 First draft of Message. - 12/23/37 104: 50 2nd draft " " 12/29/37 22 77 First typed draft for inclusion in Message of Treas.' comprehensive study of Fed. taxes 232 3rd draft of Message as prepared by FDR 234 Bell's draft 260 Budget 106 Fiscal yr. change Shoup memo 1/19/38 106: 194 I Budget Bell summary of additional expenditures for 113 fiscal yrs. 1938 and 1939 as a result of Congressional action since budget was submitted 3/4/38 113: 309 Budget 115 Haas memo: "Comparison of the Budget estimate of the corporate net inco me for calender yr. 1937 with the XXX corporate income for that period indicated by the published reports of corps." 3/19/38 115: 480 Budget 116 Collections: HMJr instructs Gaston that after this quarter Helvering's figures will not be used - only Bell's 3/23/38 116: 250 Budget receipts and Bell statement of/expenditures for first 9 mos. 118 of fiscal yrs. 1936, 1937, and 1938 4/5/38 118: 136 Bell memo on estimated financial requirements for next 15 mos., together with assumptions for fiscal yr. 1939 4/7/38 211 At conf. with FDR on 1939 relief appn., HMJr reveals his opinion that rev. will fall below the estimate by $900 million and that additional expenditures, excluding any lending and pump priming expenditures, will increase 1939 deficit to $3,500,000,000 4/11/38 299 Tentative estimate of revenues and receipts for fiscal yr. 1939 if Fed. Res. Bd. index of industrial production for calender yr. 4/12/38 1938 áverages 85,80,and 75. respectively 383 2 Budget a) Copy of memo left with FDR 118 118: 390 Budget 125 FDR given "estimates and appns., fiscal yr. 1939, including reappns. and contract authorizations" 5/23/38 125: 385 Budget Charts showing differences between estimates .137 actual receipts and expenditures discussed by HMJr, Taylor, Bell, and Hass 8/31/38 137: 187 a) HMJr hopes FDR will review monthly and keep Ickes and Hopkins informed 8/31/38 192 b) Charts 196,197,198 Budget 144 Charts : Estimated falmel nupts by priminal sources, at various assumed lab of national income (Hans to Hamo to HmJr) 10/7/35 'fild signatuly) Budget 145 Conf. will with th FDR on 1940 budget and possibility of increased taxes; present: HMJr, Hame , and Bell 10/10/38 145: 78 Conf.: present: HMJr, Hame, Taylor, Bell, and Haas 10/10/38 99 Budget 147 PWA Appn. Act of 1938: Breakdown by depts. and agencies 147: 29 Conf. at HMJr's home on natl. income and Fed. budget; present: Mr. and Mrs. HMJr, White, Henderson, Currie, Lubin, Means, Eliot, and Ezekiel 10/23/38 204 Budget, 1940 151 Conf. concerning: present: HMJr, Hanes, Bell, and 1 Gaston 11/17/38 151: 129 Budget See Business Conditions 155 Budget Bell memos: "Rough expenditure estimates for 157 1939 and 1940" and "Public Works Expenditures for 1940" 157: 170,171, 172 Budget Message, January 1939 157 No. 1 preliminary draft as prepared by Haas and Bell 12/19/38 157: 84 Budget 158 FDR's message to Congress a) HMJr's di sentisfaction with material provided him from Treas. point of view expressed at 9:30 meeting 12/30/38 158: 165 b) Seltzer memo at HMJr's request:*Limitations upon theory that the maintenance of a high level of deficit spending is essential to the continuance of business recovery" 12/30/38 189 c) Charts used at White House conf. 209,218 Budget Message 1/4/39 Discussion at 9:30 meeting indicates changes 159 after HMJr went to Florida 159: 102 Budget and HMJr addresses Secretaries of Interior/ War, 164 Chairsen of Federal Favor Commission, TVA, National Resources Committee, etc., concerning legislation establishing new method of financing the self-liquidating portions of Fed. Power and water projects 2/9/39 164: 92 a) Foley draft of bill to create a Natl. Resources Finance Corporation 2/9/39 106 Budget Natl. Resources Finance Corp.: Delano's letter 165 to FDR 2/16/39 165: 144 a) FDR's memo of transmittal to HMJr 143 b) Summary of meeting to consider 145 Budget 168 Economy: FDR's proposed letter suggesting Congressional committee to study discussed by Barly and HMJr 3/10/39 168: 292 a) Garner's attitude discussed b) Gaston's memo 293 "Budget, Double" Duffield memo: Berle testimony before THEC has 192 started much agitation and has been reinforced by some Nath Resources/studies on subject 5/26/39 192: 45 Budget of Summation of budget: new policy HMJr's memo 216 to FDR 10/10/39 216: 379 Budget Summation: FDR suggests Nov. 1st 10/14/39 217 217: 145 Budget 221 Estimates, Revenue: Currie asks HMJr if he can discuss estimates/Mica ne is in disagreement; HMJr suggests Bell 11/1/39 221: 6 a) Bell suggests Budget rep. at conf. on January estimates; fears estimating group in executive offices Budget 225 HMJr, Bell, and Smith discuss outlook at luncheon conf. 11/29/39 225: 136 Budget 226 Haas tells HMJr"1941 will show something under $6 billion receipts" 12/4/39 226: 224 Imaginary convers tion between FDR and Smith reported in H. I. Phillips' column, N.Y. Sun and Wash. Post 12/4/39 234 Bell estimates of receipts and expenditures for fiscal yr. 1941: FDR considers them pessimistic 12/4/39 271 Budget Message, 1940 227 See Financing, Govt. See also Books 229 230 231 232 Budget FDR's message transmitting 1941 budget 233 1/3/40 233: 141 Budget "Since budget is a recommendation" Gaston and 235 Schwarz think a word of == appreciation that recommendations have been accepted from HMJr might be appropriate 1/11/40 235: 5 Budget Estimates, Treas. (1942) Thompson memo 10/30/40 326: 272 326 Budget See Financing, Govt. 334 , Budget Receipts and expenditures, 1937-1940; 379 estimates, 1941-1942; projected estimates, 1943-1947; etc. 379: 339 Budget FDR's message to Congress: Copy of Cox draft 380 as presented to Hopkins 3/9/41 380: 120 Budget Non-defense expenditures in 1942 budget: Report 452 submitted by Bur. of Budget 10/18/41 452: 141 Budget Message, 1943 Smith and HMJr discuss tax and fiscal policy 475 features 12/19/41 475: 35 a) Smith's message to FDR 34 b) Smith's message as reviewed by Bell 12/20/41 202 c) Ezekiel (Mordecai) transmits memo on Fed. Res. Bd. meeting called by Hansen on "tax policy and budget message"; present: economists from Budget, OPM, and OPA 12/19/41 31 Conf. * of Treas. people 12/22/41: Bk. 476, P. 37 a) Goldenweiser and Currie asked to advise Treas. - p. 83 b) Henderson consulted - p. 85 ; 477:212 Conf.; present: HMJr, White, Haas, Viner, Bell: . Bk. 476, P. 88 0) Richard v. Gillu k noths - * 1) HMJr Ransom conv. 12/23/41: Disamsion of 419: 414:164 Bk. 477, pp. 7 and 42 cane. i prout wmr, law ,Paml, Has. Winti with 2) Hmsr litter to - Walhu and Efril outhine The X , ignorat Ther-group, Ramson, Cupis, Gilbut , , prount Tr. group 12/20/21 mins Rec. to Faq :266 ,289 Budget Mcasage, 1943 475 Victory program can not h incl. in th.) B.m; discussion & of ft. premanel "Ynela, 480:4 Actual message 1/7142 483:1 Budget Message, 1943 See also Book 475 483 Bound copy of Message 4831 1 Discussion in connection with tax program 1/7/42 3 Budget Message Confidential nature again emphasized by FDR 594 staff members consulted on draft to be approved by Director of Budget 12/8/42 5941 210 a) Hm St thinks Smith Wavers Gunir 596: 71 Budget Message See also Book 594 597 Conf.; present: HMJr, Bell, Paul, Blough, and White 12/16/42 597: 26 a) Review of entire tax question or specific recommendations 30 b) Conf. with Weldon Jones and Gerhard Colm (Bur. of Budget) discussed by HMJr, Bell, Paul, Blough, and Hass 12/18/42 220 1) Blough mome 234 c) Go. Daugliton to h consult by dr. in mrn. mill tax suggestions 12/21/42 598:38, 38, and d) Tax program suggestions madely Hm3r 43 48 ') Paul suggations :50 f' f) Hms, BcH ,Paul , Haas Blange Blund Budget massage :51,67 g)FDR matrial sent to 12/23/42 :265 h) heldon Jmm + Gobard Colm gots Panls have to piurs tap futures 12/28/42 599:49 1)FDR-Hmsr and. yorts to TRAS. group 14.9 142 599: 160,165 Budget For overtime pay - cut in personnel, 598 see Treas. Dept. Budget Message, 1943 Bell memo on conf. with Weldon Jones (Bur. of Budget) and on conv. with Smith after Smith's conf. 601 with FDR 1/2/43 601: 91 a) Bell opposed to sketchy correction of long document without time to study it 1) Tax recommendations displeasing to Paul end Blough 2) Bales tax back under title "Tax Deterrent on War Consumption" HMJr's letter to FDR 1/3/43 100 a)XAXXI Paul-Blough memo on tax situation 104 Resume of Treas. action ae prepared by Bell 1/5/43 168 2) Copies of message showing corrections 215,236 250 FDR Dismose payt of 1/2 from unts i current Goot accipt - 1/4/43 602:166 Paul memo on anformer mill Gungs . Daughter 1/4/43 603:5 5 Budget Message, 1943 603 See also Book 601 See . Revenue Revision for Paul's confe. with Doughton, George, Carlson (sponsor of Ruml plan), John Hanes, etc., Harold Smith, etc. Budget Revision of budget figures discussed by 652 Treas. group 7/28/43 6521 1 Budget Revision of budget presented in Jan. 1943 653 8/1/43 653: 1 Budget Message 689 Bell gives resume of confs. with Budget people to HMJr 1/3/44 689: 67 a) Forced Savings still an issue; discussion by Treas. group b) Deaft after the to FDR Disc. by Hm Tpr All 1/5/44 691:21, 1) Antual letter 0.44 41, 1) with House -Hmsn any. 3.45 and i procents HMIP, Bill, Froten, Blough, ugh, they \ and a)smith. Hm Sr anu. 165 1/8 1/8/44 642:160 1) Gumble- H mJr anv. : 192 Actual mcssage '\' 144 693:16 Budget Officer, Treas. See Appts. and Resignations 722 Budget Bureau of - Budget, Bureau of 2 HMJr. thinks independent agencies should be included under Budget; FDR tells HMJr to resurrect old Executive Order drawn up and then rescinded in January 1934 (thus angering Douglas) 2: 68 Budget, Bureau of 9 Hm In shars FDR 2 tratation execution du placing Indegendent Agencies mades Bulgit ; Laws Anglis alsogland this - youtie adas signed . forw killed it IF.DR hm chooses order confining ibof to a. fw fhe Dal. Agencies 4/5/35 IV 9 6 more Emagency Agencies FD&, Relif Corp., 2 Export Import of Male, R.F.C. - Elutic three Farm interity placed under Bulget Bureau #117 II "I Budget, 3rd Burran of 10 f mlar . last E Mentin 9/4/30- Caler bringing all smogency agareies II 1 d) Hm HmSr Sr Arthma phanco good news 9/4/30- *)AA* ,FERA, TIRA, TVA, Railral Condinator, burger community condit Corg., P.W.A. 11 FDR Express satisfaction with mg area plobally imagency agencies: THE Ran I million times saind, pet 1 within farm homes sand, 7000 teness put hackon almous ; ourshed which shing TO rise I c) HmJr plused absend linigabi can thing be) I4 2 Bulget, Bureau of 10 SEE also ligislation desid at by HM Jr X 145 Budget, Bureau of 59 Hass memo concerning Ball computation providing break-down of Govt. expenditures by projects, etc. for the past 4 yrs., together with comparable table for fiscal yr. beginning 6/30/37 3/11/37 59: 238 Budget, Bureau of Businessman's budget: Bell memorandum OK'd by HMJr 155 and FDR 12/12/38 155: 343 Administrative expenses of corporations: to be approved by Budget Bureau: Bell memo OK'd by HMJr and FDR 12/12/38 343 Budget, Bureau of Smith, Harold D.: HMJr talks to Frank Murphy 160 concerning Smith as Director of Buiget to succeed Daniel W. Bell 1/17/39 160: 217 Budget, Bureau of Smith, Harold D.: HMJr tells Bell FDR definitely wats job of Director of Budget offered to Smith 2/3/39 163: 127 Bell, Daniel W.: HMJr explains to FDH Bell is to be No. 1 fiscal man from Treas. 2/3/39 127 163 Budget, Bur. of Lack of cooperation discussed by HIJr 397 5/12/41 397: 10 HMJr, Smith, and Bell discuss possible closer cooperation 5/13/41 207 a) Capital Funds Control Com. - Exec. Order establishing discussed 1) sufuidhes Bisumin on 401: 16 Budget, Bur. of Revised estimates of receipts and expenditures, 403 fax fiscal yr. 1942 6/1/41 403: 1 Budget, Bur. of Decentralization survey as affecting Treas. 413 discussed by 9:30 group 6/24/41 413: 18 Budget, Bur. of Continued expansion of program, even to the point 432 of tax program,discussed at 9:30 meeting 8/12/41 432: 18 Budget, Bur. of Non-defense Spending: Sample plans for cutting 441 to be presented to Sen. Finance Com. by Bur. of Budget 10/15/41 441: 2 Budget, Bur. of For plans for draining off additional income, 450 see Social Security Budget, Bur. of Smith's report to Congress on economy: HiJr disapproves as intellectually dishoneet 10/27/41 454 4541 187 Budget, Bur. of Inefficiency discussed, budget at 9:30 meeting in connection with knxx 1943 for Defense Savings staff 467 12/1/41 467: 10 Budget, Bur. of Appns. for Lend-Lease, Army Air Corps, Navy 469 construction, Maritime Com. for ship construction - copies of charts to Budget Director 12/5/41 469: 103 Budget, Bur. of "Defense - the Treasury's part in" - report as 476 submitted 12/22/41 476: 96 Budget, Bur. of 505 Priority classification for Int. Rev., Public Debt, Research and Statistics, Office of Gen. Counsel, and certain units of Procurement protested 3/6/42 505: 155 Budget, Bur. of For Smith's attitude toward Treas, see HMJr's 512 discussion with Treas. group after conv. with FDR 4/2/42 512: 172 Budget, Bur. of Revised budget figures 4/24/42 520: 258 520 Budget, Bur. of 619 Sat. Eve. Post article, "Harold Smith Doubles for Roosevelt," discussed by HMJr and Geo. Milton 3/26/43 619:B64 a) Blair Moody reveals source of info. to Schwars 3/26/43 282-A 1) Smith-HMJr conv. 3/26/43 283 a) Copy of FDH's order to depts. to avoid criticism of one another 288 Budget, Bur, of 623 See also "end-Lease War Administration, Records of: FDR suggests Advisory Committee on (5/27/42) 623: 99 Budget, Bur. of 656 See Revenue Revision Budget, Bur. of See Revenue Revision: 1943 Revenue Bill 679 / Budget, Bur. of Transfer back to Treas. advocated by HMJr 782 10/17/44 782: 204 Budget Bureau See Treas. Dept.: Reorganization 801 Budget Bureau 888 See Post-War Planning: Surplus Preperty, Disposal of to whenes Budget, Director of Douglas resigns; FDR tells HMJr Woodrum (of Firguini Va.) suggested by Douglas; Tom Corcoran suggested by FDR; 8/31/34 2 60 4 o'clook on Sat. afternoon preceding Labor Day; t HMJr suggests Daniel W. Bell FDR determines to announce Douglas resignation thus story will fall flat 8/31/34 61 a) Newspapers get info. Sat. morning b) Bell informed of appt. 1) Civil Service status discussed with FDR 10/18/34 112 FDR tells HMJr Budget Director is to be responsible to Pres. 10/10/34 78 Budget, Dirctor of 6 Hm Jr, Bill . McReynolds want Took Smith as Diectri plan for persument fiscal Asit scif inchage of accounting . foscal matter disnessed i Hm Jr muld kapBell or Spec. Ast -til 12/31/30 as slzed compensation. 411/25 #51 Trm K tribles tell, FIM J. he cument come as Diactor; HW Jp theirs bankers have mead on him 6/14/05 81 Budget, Dinotor if agit of 17 Hm J. suggests 1 FDR-5mL national figur who is - good friend inj suggests Bill Bullit HmJr Johnson till, FDR S.PAIRET Gillet has suggestic Pray (Lhumical not) Bank) 2/1/36 XVIT98 Buell, Reymond Leslie (Foreign Policy Assn.) 134 Gives HMJr report on 2-months tour of Europe 7/13/38 1348 154 Buffalo Electro Chemical Co. - Buffalo, N.Y. Alien Property Custodian supervision discussed 615 in Paul memo 3/10/43 615: 190 Buffalo, N.Y. See Inflation 606 Bell Aircraft Corp: 656 Financial conditions discussed in Blough memo 8/16/43 656, 61 a) Manpower situation in Buffalo b) " discussed Bond report E 8/17/43 656:223 64 2) Hmsr vait to Billa Curtis plants summer -ill Laurance Apply (war Commission) 7/18/40 6) Angly aply 4/27/43 659:194,197 657:44 6) Was Band status of Bill W 19:959 Buffalo, N.Y. See Revenue Revision: Withholding Tax See Books 648 660 830 Buffett, Howard H. (Representative of Nebraska) Post-War Planning: Germany 830: 175ff Buffington, Geo. N. See Appts. and Resignations See Books 444 465 641 Buffington, George See Financing, Govt.: War Savings Bonds (Organisation Plans) See Books 634 639 Buffington, George Reviews work with HMJr who tells him "there's 462 a place for him in the Treasury" 11/14/41 463: 13 Buick See War Conditions: Airplanes (Plant Expansion) - Engines See Books 326 328 Buick See War Conditions: Airplanes (Plant Expansion) - Engines See Books 326 328 Building and Loan Assns. See Lending Agencies, Interdepartmental Com. of - report of - 1/15/35 3: 124 3 Building and Loan Assns. See Capital Controls 549 Bulgaria See Stabilization 40 Bulgaria See War Conditions: Foreign Funds Control See Books 324 373 378 Bulgaria See War Conditions 392 Bulgaria 564 Anti-Jewish Law of August 29, 1942, transmitted by American Consulate General, Istanbul 11/16/42 564: 50-A Bulgaria 704 See Refugees (Jewish) War Refugee Bd. Bulgaria Armistice terms for: Treas. Rep. Aarons' letter 767 explaining conf. with Winant 8/28/44 767: 31 Bulgaria See U.S.S.R. 821 Bulletin, Inter-Amn. See Latin America 460 Bullitt, Harry (Pres., Gen. Mills) 611 See Financing, Govt.: War Savings Bonds Bullitt, Mr. (U.S. Ambassador to U.S.S.R.) See China 2 Bullitt, Wm. (Amb. to U.S.S.R.) See Stabilization 3 Bullitt, WM 14 Limition will Hn. Jr Inday 12/16/45 XII 55 a) Dismass Chim asilm; B.Veniks anything to & aid ching Kai stack all to the good b) Insure Far Eastern situation ) Advisio staying out of all European stanglements Bullitt, William Suggested by may as Director of Budget 2/36 17 XIII 2 Bullitt, Min. At Warm Springs, asks HMJr,at Sea Island, to see 60 him immediately on return to Washington; is sailing March 30 3/17/37 60: 145 (SESS HmJr on 3/29/07 BK 61:248) 61 Bullitt, Mm. Leaving 3/29/37 for Paris tomorrow; sees HMJr at 5 o'clock 61: 248, 287 Bullitt, William C. See France: Plane Mission 147 Bullitt, Wm. C. 180 Robinson, Beverly: HMJr tells Bullitt no Treas. job available 4/17/39 180: 66 Glass, Carter: Bullitt asks HMJr to search Treas. files for telegram to Wilson prior to signing of Versailles Treaty, stating that "he had that day promised to give French and British everything desired in way of loans and credits for next 4 mos. and could not break his word" 4/17/39 180; 67 Bullitt, Wm. C. 189 Correspondence concerning shipment of champagne from Bullitt to "Missy" LeHand 5/10/39 189: 131 Bullitt, Wm. C. Last letter to HMJr prior to expected cut-off 271 from all communication to the outside world 6/10/40 271: 96-A Bullitt, Wm. C. For complete report on attitude of French leaders, see page 230 278 Bullitt, WE. 0. See War Conditions: France 287 Bullitt, Wm. C. HMJr congratulates Bullitt on speech 295 8/20/40 295: 41,43 Bullitt, Wm. C. See War Conditions: Foreign Funds Control (France) 319 Bullitt, Wm. C. 345 Address before Internatl. Relations Club, Univ. of N.C. 1/7/41 345: 252 Bullitt, Wm. C. Cochran memo on currency necessary for trip 467 to West Africa, Caire, Palestine, etc. 12/2/41 467: 244 Bullitt, Wm. C. See Foreign Funds Controls General Aniline & Film Corp. 491 Bullitt, Wm. C. Kamarck mome on inaccuracies of reporting 536 on European situation 6/4/42 536: 360 Bullitt, Wm. C. See British Purchasing Missions Brand-Mennet-Murnane 540 set-up : Bullitt, Wm. C. 578 "Apt to talk too much" FDR tells HMJr 10/11/42 578: 69-A Bullitt, Wm. C. 597 See Foreign Funds Control: Tubelis, Madame Jadwiga (widow of former Premier and later Finance Minister of Lithuania) Bullitt, Wm. C. Phila. city income tax discussed with HMJr 663 EE in conn. with coming campaign - EXE 9/9/43 663: 18 a) Sullivan memo 25 Bullitt, Wm. C. See Refugees (Jowish) 696 War Refugee Bd. Bullitt, Wm. C. See France 748 "Bana" name on question of placing "Dana," 143 synthetic Substitute for rubber, on free entry list 9/27/38 143. 65 Burckhardt, Mr. (ICRC) See War Refugee Bd. 824 Bureau of Labor Statistics See Inflation 526 BLS For Consumer Spending and Saving study 670 see Financing, Govt. Bureau of Marine Inspection and Navigation See Coast Guard 306 See also Book 715 Burgess, W. Randolph 144 Letters of appreciation to and from HMJr 144: 4 Burgess, W. Randolph 146 Letter concerning corporate offerings 10/17/38 146: 83 Burgess, W. Randolph 148 Speech, "Trade Changes and Monetary Policy," to be 10/29/38 delivered at National Foreign Trade Council 148: 167 Durgess, W. Randolph Speech, "Trade Changes and Monetary Bolicy* 149 delivered before Natl. Foreign Trade Council 11/1/38 149: 35 Burgess and HMJr discuss newspaper comment, which was excellent 11/2/38 122 Burgess, W. Randolph 238 Speech at New Haven 1/26/40 238: 91 a) HMJr's comment to Burgess 1/29/40 156 Burgess, W. Randolph "Financing the National Defense Program": 307 Address before Am. Bankers Assn, Atlantic City 9/23/40 307: 394 Burgess, Randolph See War Conditions: Foreign Funds Control 470 Burgess, Randolph (Nat1. City Bank) 633 See Financing, Govt.: War Savings Bonds (2nd War Loan Drive) Burgess, Randolph See Financing, Covt.: Var Savings Bonds 635 (Organisation Plans) See also Book 639 Burgess, #. Randolph See Financing, Covt.# War Savings Bends. 639 (Organisation Plans) # Pest-War Planning Burgess, W. Randolph See Financing, Govt.: War Savings Bonds 648 (3rd War Loan Drive) See also Book 670 Burgess, W. Randolph See Financing, Govt.: War Savings Bonds 687 Burgess, V. Randolph 737 See Financing, Govt.: War Savings Bonds (5th War Loan Drive) Burgess, W. Randolph 779 See Also Financing, Govt.: Var Savings Bonds (6th War Loan Drive) HMJr congratulates him as president of ABA 10/4/44 7792 112 a) Bugred ack. 10/9/44 780:263 780: 263 Burgess, W. Randolph See Post-War Planning: Bretton Woods Conference 781 Burgess, W. Randolph Resigns as $1-a-yr. man 2/6/45 816: 818 Burgess, W. Randelph 822 See Post-War Planning: Bretton Woods Conf. Burgess, W. Randelph See Post-War Planning: Bretton Woods Conf. 829 830 Burgess, Randolph Post-War Planning: Bretton Woods 830: 111 Burgess, Randolph 831 Post-War Planning: Bretton Woods 831: 3-4, 10-11 Burgess, W. Randelph 832 See Post-War Planning: Bretton Woods Conf. Burgess, W. Randelph 834 See Pest-War Planning: Bretten Weeds Conf. , Burke, R. L. (Lieut. - Coast Guard) 146 Awarded Distinguished Flying Cross 10/14/38 146: 35 Burke, Wm. H., Jr. 641 See Appts. and Resignations See also Books 736 744 765 Burke, 6ollector of Customs See Massachusetts 689 Burke, Walter H. (War Finance Com. Chmn., S.D.) See Morgenthau, Henry, Jr. 736 Burma See War Conditions: China 284 Burma See War Conditions: Lend-Lease 461 Burma Road See War Conditions: China 469 Burma 524 See Military Reports Burma Road See China 812 Burns, George See Customs Violations 178 Burton, Harold H. (Senator, Ohio) 831 Post-War Planning: Bretton Woods 831: 275 Burton, W. T. 229 See Louisiana: Tax Cases Bushfield, Harlan J. (Senator, S.D.) See Morgenthau, Henry, Jr. 736 Business Advisory Comucil 24 SEE Purmanent montary Policy Regart XXII 240-253 BusConditions Bus Cond itions Businesses, Small See Financing, Govt.: Defense Savinga Bonds 466 Business, Small, Leans to See Small Business, Leans to 485 Business Conditions 2 HMJr's interviews in Chicago on way to ranch in Boseman, Montana - July, 1934 2: 1 Sn also Gifferd Waltw : Vinw, Jacob Business situation 14 Haas' Rsume 12/23/85 XIV 182-188 charts (199-195) WT= SEE Budget also Business landitions 42 meeting at Eules home ing.of F RB, TA, Labol 5 lummers R.D was 10/28/36 33-267-114 I 42:24-27 Business Conditions 59 Eccles memo on "The rise of prices and the problem of maintaining an orderly revival" given to FDR and HMJr 3/12/37 59: 376 a) "The recovery movement is now assured and requires no further positive stimulation by Govt." Business Conditions See also Govt. Bond Market 61 Feis memo; "To guard against unsatiafactory interruption or termination of the course of economic improvement in this country" 3/29/37 61: 268 Business Conditions See also Govt. Bond Kkt. 621 HMJr calls conf. at home 8:30 P.M., April ,1937; 66 present: Miss Perkins, Peoples, Ross (WPA), Burns (WPA), Eccles, McReynolds, Haas, Daggett, Leon Henderson, Goldenweiser, Lubin, Hopkins, Gaston, Gill (WPA), Bean (Ag.), Bell, Miss Lonigan a) Hopkins tells HMJr he has prepared letter to FDR outlining plan for cooperation between Treas., WPA, Labor, and Agriculture, for appt. of group of experts headed by Treas. to study non-monetary methods of controlling inflation; HMJr to be chmn. of committee 13 b) HMJr tells Hopkins this is exactly his purpose in calling above-mentioned conf. at his home; Hopkins pretends great surprise 3 c) Feis tells HMJr of another group preparing to study inflation, including Fed. Res. and 3 State Dent 2 Business Conditions 62 apparently unwittingly HMJr has "gotten jump on the whole crowd); HMJr does not care "which group does it 80 long as we get results, namely, balancing the budget now" 13 d) HMJr sees, more and more clearly, that just as - long as Fed. Res. follows policy of selling short-term securities in order to get money with which to buy bonda, they will continue to drive up short-term interest rates, which seems to have effect of also increasing long-term interest rates and thus push down long-term bond market ; only way to stop this conatant fall in bond market is for them to stop this process and kain open market operations, thus increasing their portfolio; this they have - refused to do to date 13 3 Business Conditions 29 Discussion at conf. mentioned above 62: 66 a) Actual memo 130 (For memo on "Speculative Commodities And Unemployment Programs see p. 168) Memo on "Selective Spending" discussed with FDR 4/2/37 172 Ticker report of FDR newspaper conf. 4/2/37 213 Business Conditions See Government Bond Market 63 Business Conditions Lubin transmits memo "on the economic situation prepared by the Central Statistical Bd. and exec. secy. of the Central Statistical Committee 4/15/37 65: 45 Business Conditions 60 Daggit memo on "The Business and Price Situation" 4/29/37 66: 292 Business Conditions Lubin (Bur. of Labor Statistics) discusses with HMJr and Taylor possibilities of more than seasonal recession as a result of decline in certain commodity prices 5/20/37 69: 153 a) Advance on wool prices and effect on textile industry discussed bc) 1) HMJr asks if with witholding Govt. purchases of textiles would help; Lubin enthusiastically agrees; Capt. Collins asked to prepare review of contemplated purchases by all units of Govt. from now until Jan. 1, 1938 4) Actual conversation with Collins 175 Business Conditions 70 Conf. on Govt. purchases of textiles; present: Peoples, Collins, Taylor, Lubin, and Miss Michener 5/26/37 70: 66-A Business Conditions 80 Haas memo sent to HMJr in Hawaii 8/19/37 80: 81 Business Conditions See Money Market ("Tight") 87 See also Book 88 92 Business Conditions Bailie (Earl) reports to HMJr on spread of serious condition due to lack of confidence 10/12/37 92: 18 HMJr reassures 9:30 group on FDR's physical condition and intention to balance budget 10/14/37 114 Situation at home and abroad discussed by Riefler at conf.; present: HMJr, Taylor, Magill, Oliphant, Gaston, Viner 10/15/37 135 a) Douglas (SEC) reaction also explained to group 139 b) Public Utilities-TVA controversy discussed 145 1) Viner thinks that Morgan (TVA) wants strong private utility set-up which is profitable * 2 Business Conditions 92 2) Lilienthal wants Govt. set-up with TVA as regional planning agency Burgess and HMJr discuss conditions 10/19/37 92: 222, 225 Early tells HMJr White House has received 40 telegrams urging Pres. to close stock market 10/19/37 229 a) HMJr discusses with FDR 230 94 Business Conditions Sterilization of gold: Future action, in light of threatened depression, reviewed by HMJr with a) Riefler 11/3/37 94: 36 b) Viner 11/3/37 41 Business Conditions 94 HMJr writes FDR concerning fear of another depression a) Letter in HMJr's own handwriting 94: 47 b) . as sent 11/4/37 48 discuss HMJr and FDR, threater depression 11/4/37 49 a) FDR scathing in rejection of idea b) FDR asks HMJr to talk to Eccles about Eccles' proposed program c) HMJr asks about further sterilization of gold; FDR says he has completely misunderstood HMJr - thought he was asking him to raise the price of gold d) HMJr thinks U.S. should study 1) Cessation of sterilization of gold 2) Spending some of the gold already sterilized 3) Lowering excess reserve requirements * 1) HMJr 'phones Eccles to bring any plans he may have with him when he comes over for luncheon 11/4/37 94: 54 3 Business Conditions 94 FDR at Cabinet meeting states he's tired of depressing picture everyone 1s painting without any actual suggestions 11/4/37 94: 52 a) HMJr feels Govt. should study 1) Public utilities 2) Railreads 3) Housing b) Farley and Walla e back HMJr in his point * of view Sterilization policy: Possible discontinuance discussed at conf.; present: HMJr, Taylor, Viner, Lochhead, White; Eccles, Goldenweiser, Himmelblau 11/5/37 86 Taylor memo giving 3 main reasons for threatened depression 11/5/37 128 * 1) HMJr discusses situation with Farley 11/6/37 130 156' 4 Business Codditions 94 1) Lack of positive attitude on labor problem 2) Dislike of present **** tax structure 3) Fear that Admin. will resume excess of spending at first signs of a recession Butterworth gives London Economist's point of view on situation in America 11/6/37 94: 136 Butterworth reports on pressure of gallx dollar 11/8/37 145,148 FDR and HMJr discuss further threatened depression 11/8/37 152 a) FDR compares Fascism and Democracy at present time Business Conditions See Purchasing, Govt. Books 98 99 217 218 Business Conditions See also Purchasing, Cove. Conf.: present: FDR and all Cabinet members, 98 Magill representing HMJr 11/12/37 98: 12 a) Discussion of 1) Fascist developments 2) Trade agreement with Gt. Britain 3) HMJr's speech 4) Public utilities 5) Housing, railroads, etc. Butterworth reports on British reaction to Brazilian etatement with regard to foreign obligations 11/12/37 and internal political arrangements 7.25 Res. and Statistics staff asked for suggestion by HMJr 11/22/37 303 Business Conditions Haas memo concerning conf. with Lichenstein also Purchasing, Covt. 99 (First Natl. Bk. of Chicago), Hayford (Genl. Motor Andrew (AT&T). Avers (Cleveland Trust), Edie (Investment Counsel), Crum (Harvard) 11/26/37 99: 181 Mitchell HMJr tells 9:30 group about conf. with Mitchell; wants synchronization of people's desire for work and other peoples 211 desire for their products, studied 11/29/37 22 Present recession - waye to check discussed by HMJr and Viner with members of Div. of Research and Statistics 11/29/37 a) Adler memo 241,307 267 b) Daggit # c) Glasser as 269 d) Murphy-Lindow memos 270.272 274, 337.347 2 Business Conditions 99 ; e) Nichols memo 99: 342 f) Northrup memo XX4 344 g) Ostrander memo ase 346 h) Tickton memo 349 1) Seltzer # 350 j) White . " 352 Business Conditions Natl. Bur. of Economic Research (Wesley Mitchell, 100 Director) asked to make study on business recessions 12/1/37 100: 123 HMJr feels U.S. may be approaching the bottom of the present recession 12/3/37 242 Conf. :present: HMJr, Hans, White, Seltzer, Daggit, Miss Lonigan 12/6/37 2 355 a) Proposed Mitchell study discussed Business Conditions 101 See also Gt. Britain: Unemployment " . Purchasing, Govt. # " Unemployment Relief FDR tells HMJr "whole attitude changed after a day away from Washington"; HMJr gathers FDR thinks "things are not ao bad" 12/7/37 101: 64 FDR and HMJr again discuss 12/8/37 69 HMr asks Macy's economist how he can get, each wk., actual cash sales of leading dept. stores 12/9/37 121 a) Recommendation is that request go out over HMJr's own signature b) List of stores to which telegram is sent 12/8/37 192 2 Business Conditions Conf. on cyclical expansions and contractions 101 of business activity; present: HMJr, Wesley Mitchell, Arthur F. Burns, Haas, and Miss Michener 12/11/37 101: 233 a) Natl. Bur. of Economic Research memo 247 102 Business Conditions Dept. store sales: HMJr tells Hass to give info. to those stores cooperating and also to those not cooperating (as bait) 12/14/37 102: 4 Business Conditions Haas summary 1/24/38 106: 106 269 Mitchell's 1/24/38 ideas discussed by FDR and HMJr 274 Business Emlitions 107 Loans to industry For Donglas mimo to F DR 1/29/38 see BK 113 8.7 2 Business Conditions 107 Conf. with Hass group 1/26/38 107: 1 a) Discussion of basis of production and demand, industry by industry, to check disequilibrium situations tuati one dismassed 3 b) Governmentalycontrol and Instruments which have inflationary or deflationary effect c) International on the aconomy situation to be studied. providing "cushion" 7 - White reports 7 d) Building situation memo to be requested from Fisher of FHA 9 e) Russian situation discussed by White 13 f) Employment ei tuation, s New York State, discussed by Miss Lonigan: Illinois to 17 be studied next 1. FLB. mach the inlication months inny. industial pulst + country * 1) For chart, see page 135 Business Conditions 107 g) Standard 011 of N.J., Texas Cobp. Cannon Mills, and a woolen CO. to be studied 107: 24 Wage statement by FDR explained to HMJr: statement to oppose reduction in view of renewal of steel agreements with labor unions 1/27/38 133 Haas memo 1/31/38 260 a) Charts on steel ingot production and dept. store sales "Latin American trade with U.S. and other countries compared" - Haas memo 1/31/38 267 Business Conditions to cease sterilization SEC letter to Rep. Mead concerning the effect108 of the costs of registration on small industries in connection with their financing 2/1/38 108: 1 Capital requirements discussed at 9:30 meeting: Taylor feels new capital should be in form of equity capital rather than borrowed capital 2/1/38 19 Conf. with Haae group 2/1/38 35 a) Response from Amn. Woolen, Pacific Mille, Cannon Mills, Texas Corp., and Standard 011 of N.J. discussed b) Auto. Mfre. Asen,, Detroit: Pessimistic report discussed 40 c) International situation discussed from trade point of view 50 HMJr meets with group, most of whom are from N.Y. 2/2/38 108: 104 a) Gostlieb, (operator of furnished apt. hotels) report 116 2 Business Conditions Hass memo: "Review of the business situation" 108 2/7/38 108: 372 Hass memo: "The situation in the woolen industry" 2/7/38 377 Business Conditions 109 Conf. with Haas group 2/8/38 109: 5 a) SEC - short selling discussed 6 b) Auto. situation: export trade 10 o) Corporate earnings 14 d) Foreign situation 18 1) Scandinavian countries "have begun to turn down" e) Excess reserves: increase accompanying a recession shows it is intentional and a bad sign f) Unemployment situation - Illinois 19 23 1) HMJr and White consider Lonigan report "too emotional and not sufficiently factual" 30 2 Business Conditions 109 FDR and HMJr confer 2/8/38 a) Gold sterilization 109: 77 b) Employment situation 1) Bell memo on conf. with FDR concerning question of additional funds for relief purposes for balance of present fiscal yr. 78 Jesse Jones confers with EMr concerning loans to industry 2/10/38 244 Business Conditions FDR asks HMJr what he thinks of school of thought 110 that "with the growth of population, it will be necessary to increase the amount of credit base and money in circulation from $4 billion to $13 billion a year" 2/12/38 110: 20 a) HMJr regis ters lack of interest; FDR immediately switches to the thought that he should say some thing about commodity prices and the 1934 price level b) HMJr calls FDR's attention to the fact that "prices hit the tobeggan elide from April 2, 1937 - day of FDR's statement on prices" c) Proposed statements discussed by HMJr and group 2/14/38 43 ke *1) 1) FDR wants 2 charts: (*) one with the so-called sensitive prices and one with the insensitive prices 44 2 Business Conditions on business.situation FDR asks HMJr for memo/brought up to date 2/12/38 has 110: 29 FDR tells HMJr he/talked to leaders about price situation and everyone understands it except Garner 2/14/38 83 Price policy statement conf.; present: HMJr, Taylor, Haas, White, Daggit, Viner; Wallace and Ezekiel; Lubin 2/15/38 183 110 Business Conditions See Housing Books 111 112 113 114 115 116 119 & Business 111 Price Conf.; present: HMJr, Taylor, Gaston, Haas, White, Daggit, Viner;. Wallace, Ezekiel, Black; Currie; Lubin, Hinrichs 2/16/38 111: 28x22 28 a) Proposed statement 55,58 2nd conf.; present: HMJr, Taylor, White, Daggit; Lubin, Hinrichs; Wallace, Esekiel; Currie; Keim 2/17/38 95 a) For revised statement, see page 117 b) HMJr discusses proposed statement with Eccles 2/17/38 126 c) Draft before submission to FDR on 2/17/38 -2/16/38 140 d) Copy HMJr gave FDR, with his (FDR's) correctione 144 2 Business Conditions Price Policy Statement: 111 HMJr's memo to McIntyre of suggested persons to be present at FDR's conf. on prices 2/17/38 111: 149 Material taken by HMJr to White House for conf. 2/17/38 150 a) HMJr's brief description of conf. 169 b) Memo on conf. at White House.at 3:15 P.M., Thursday, 2/17/38 - 2/18/38 204 c) HMJr and Wallace talk over success of conf. 2/17/38 181 White agenda for discussion at confs. between Wallace and Ezekiel; Atty. Gen. Cummings; [ccles and Currie; Lubin; Taylor and White 2/18/38 184 3 Business Conditions Price Policy Statement: 111 Material given to FDR and used by him at press conf. 2/18/38 111: 191 a) Press comment 2/18/38 226 b) HMJr transmits to Butterworth and Cochran text of press release from White House 2/18/38 254 Haas summary of business situation, following FDR's statement of policy on commodity prices 2/21/38 294 Briamiss Conditions 112 Loans to Industry For Druglas mmo to FDR 2/28/38 84 Bx 113 B. 14 Business Conditions See also Housing 112 Price Policy Statement: Geston memo on FDR's press conf. 2/23/38 112: 1 Butterworth reports on Phillips' reaction to statement 2/25/38 218 Journal of Commerce articie-"Prices appear more stable with tendency to strengthen"-- shown to FDR by HMJr 2/25/38 270 Haas memo on business situation as March approaches 2/28/38 327 Deflationary trend can be reversed because of (1) forthcoming announcement with respect to financing of March maturities; (2) possibility of Presidential statement regarding prices of bldg. commodities; (3) lapse of a few wks. since announce ment Div. of Rest and Statistics memo of general price policy and prev. gold 2728738 move: 334