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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