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the French Government and J.P. Morgan. Edmund Platt, who had 

eight years to go on a term of ten years as Governor of the Federal 

Reserve Board, resigned to make room for Mr. Meyer. Platt was given a 

Vice-Presidency of Marine Midland Corporation by Meyer’s brother-in-

law Alfred A. Cook. Eugene Meyer, Jr. as head of the War Finance 

Corporation, engaged in the placing of two billion dollars in 

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securities, placed many of those orders first with the banking house 

now located at 14 Wall Street in the name of Eugene Meyer, Jr. Mr. 

Meyer is now a large stockholder in the Allied Chemical Corporation. I 

call your attention to House Report No. 1635, 68th Congress, 2nd 

Session, which reveals that at least twenty-four million dollars in bonds 

were duplicated. Ten billion dollars worth of bonds surreptitiously 

destroyed. Our committee on Banking and Currency found the 

records of the War Finance Corporation under Eugene Meyer, Jr. 

extremely faulty. While the books were being brought before our 

committee by the people who were custodians of them and taken 

back to the Treasury at night, the committee discovered that 

alterations were being made in the permanent records."

The record of public service did not prevent Eugene Meyer, Jr. from 

continuing to serve the American people on the Federal Reserve 

Board, as Chairman of the Reconstruction Finance Corporation, and 

as head of the International Bank.

President Rand, of the Marine Midland Corporation, questioned about 

his sudden desire for the services of Edmund Platt, said: