47

McAdoo came about ten minutes afterward. Morgan 

had a currency plan already printed. I suggested he have 

it typewritten, so it would not seem too prearranged, and 

send it to Wilson and myself today.

July 23, 1913. I tried to show Mayor Quincy (of Boston) the 

folly of the Eastern bankers taking  an antagonistic 

attitude towards the Currency Bill. I explained to Major 

Henry Higginson* with what care the bill had been 

framed. Just before he arrived, I had finished a review by 

Professor Sprague of Harvard of Paul Warburg’s criticism 

of the Glass-Owen Bill, and will transmit it to Washington 

tomorrow. Every banker known to Warburg, who knows 

the subject practically, has been called up about the 

making of the bill.

October 13, 1913. Paul Warburg was my first caller today. 

He came to discuss the currency measure. There are 

many  features  of  the  Owen-Glass  Bill  that  he  does  not 

approve. I promised to put him in touch with McAdoo 

and Senator Owen so that he might discuss it with them.

November 17, 1913. Paul Warburg telephoned about his 

trip to Washington. Later, he and Mr. Jacob Schiff came 

over for a few minutes.

__________________________

18  Col.  Edward  Mandell  House,  The  Intimate  Papers  of  Col.  House, 

edited by Charles Seymour, Houghton Mifflin Co., 1926-28, Vol. 1, p. 157

19 Ibid. Vol. 1, p. 163