frsbog_mim_v20_0162.pdf
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62
FEDER L RESERVE BO RD
WASHINGTON
DDRESS OFFICI L CORRESPONDENCE TO
TH FEDER L RESER VE BO RD
March 11, 1924.
X-3993
Subject: Fees
in Par
Clearance Cases
Dear Sir:-
Referring
to
Board's letter X-35&6
of
November
17, 1922, in
connection with
the
employment
of Hon.
John
W.
Davis
in all par
clear-
ance litigation, there is enclosed herewith a statement of his account,
which
the
Federal Reserve Board
has
approved.
The
total amount
now
chargeable
for
services
and
expenses
against each Federal reserve bank directly involved is as follows:
Atlanta
Richmond
Cleveland
San Francisco
$16,064.81
5,137.37
2,512-51
2,508.30
$26,222.99
In
accordance with Board's letter X-3626 under date
of Jan-
uary 31, 1923, it is requested that each of the above named banks re-
mit to Stetson, Jennings, Russell and Davis, 15 Broad Street, New York
City,
the
amount above indicated,
and
that each Federal reserve bank
reimburse
the
above named banks with their
pro
rate, share (based
on-
capital
and surplus as of January l6, 1924) in each instance, which
the
Board
has
determined
as
follows:
Due from Atlanta
Richmond
Cleveland
San
Francisco
Boston
New
York
Phi lad elphia
Cleveland
Richmond
Atl
anta.
Chicago
St* Louis
Minneapolis
Kansas City
Dallas
San Fraiicisco
$1,172.73
4,337.50
1,445.33
1,751-07
351.44
642-59
2,216.94
733.93
530-14
674.72
573-33
1.124.54
$
375*03
1,327.09
462.36
559-97
272-28
205.49
703-96
236.32
169.53
215.77
184-95
'$
133-41
673.33
226.13
273*36
133.16
100-50
346>73
115*58
82-91
105.53
90.45
175.37
$ 183.11
677-24
225-75
273-40
132.94
100-33
346.15
115-38
.
32 >77
105-35
90.30
175.58
$16,064.81 $5,137.37 2,512.51 2,503.30
Very truly yours,
Enclosure
J. C. Noell
Assistant Secretary.
TO CHAIRMEN OF ALL FEDERAL RESERVE BANKS.
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New York, February 26, 1984.
FEDBBAL HBSBRVB BOARD, Sr. ± 6 3
To
Stetson, Jennings, Russell
Davis
Counsellors at law,
15
Broad Street
For
professional services rendered
in
connection
with the Par Clearance Cases, ad fallows:
» American Bank Trust Company v. Federal Reserve
Batfg
Qf
Atlanta:
Preparing answer; preparing answers to written
interrogatories filed against
the
defendant;
pre-
paring cross-interrogatories on plaintiff s inter-
rogatories addressed to witnesses; taking deposition
of
Governor Harding
on
July
22, 1921;
trial
at
Atlanta January
9-14,
inclusive,
1922;
preparation
of
brief filed
in
District Court, February
16, 1922;
settling decree at Savannah March 25, 1922; brief
and argument in Circuit Court of Appeals, October,
1922;
motion
to
advance
in
Supreme Court
of
United
States; brief and argument in Supreme Court of
United States,
April 1925. i>25,000.00
Farmers Merchant ̂Hftnit nf Monroe. North Caro-
lina. v. Federal Reserve Bqjv
Conference February
20, 1922,
with Deputy Governor
feple
and
Attorney Wallace; assisting
in
brief
on
rehearing before Supreme Court
of
North Carolina;
criticism
of
re^ly brief
to
petition
for
certiorari;
preparing motion to advance in Supreme Court of United
States; participation
in
brief
and
argument
in
Supreme
Court of United States; preparing petition for rehear-
ing in
Supreme Court
of
United States. 5,000.00
Farmers Merchants Bank of Catlettsburg v. Federal
Reserve Bank
of
Cleveland
(two
cases,
one in
equity
and
one at law)
Conference with local counsel of Cleveland bank
and criticism of brief in equity case filed in District
Court; revising answer filed upon conclusion temporary
injunction proceedings; general supervision of the two
cases. (This litigation
is not yet
concluded). 2.500.00
e
Brooktegs State
y. Federal
Reserve Bank
of
•St*
1
(two
eases,
one ln
equity
and one at law).
Conference
in San
Francisco with local attorney;
general supervision of the two cases. (This litigation
is not yet
concluded). 2,500,00
35,000.00
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X-3333a
Brought forward %35,000.00 ^
Disbursements.
•American Bank & Trust Company v. Federal
Deserve Bank of Atlanta:
Expenses Washington,
D. C. and
Atlanta
and
Savannah, Georgia, Messrs. Davis
and
Angel1 381.22
Expenses ,/ashington D. C. and Atlanta,
Georgia, Mr. Davis 181*42
Printing brief, District Court 98.90
Printing brief, Circuit Court
of
Appeals
...
68.45
Printing brief, Supreme Court
of
United
States 104.60
Printing motion
to
advance
in
Supreme Court,
11.95
Telegrams, telephones
and
postage 106.03
Stenographic services 112.24 1,064,81
Farmers
&
Merchants Bank
of
Monroe. North
Carolina,
v.
Federal Reserve Bank
of
Richmond.
Expenses Washington, D. C., Mr. Davis 42.15
Printing motion
to
advance
11.95
Printing petition
for
rehearing ,,,,,, 73.50
Telegrams, telephones, etc 9.77 1 37.37
Farmers
&
Merchants Bank
of
Catlettsburg
v.
Federal Reserve Bank
of
Cleveland
(tr:o
cases):
Telegrams
5.21
Stenographic services
7.30 12.51
Brookings State Bank
v.
Federal Reserve Bank
of San
Francisco
(tv;o
oases)
Telegrams
8.30
Grand total ^56,222.99
Retainer received January
18th, 1922
in
case
of
American Bank
&
Trust Company
v.
Federal Reserve Bank
of
Atlanta 10.000.00
Balance due
*26,222.99