17 ноя 1913 г. - Colonel House & Paul Warburg: "Paul Warburg telephoned about his trip to Washington. He is much disturbed over the currency situation and requested an interview, along with Jacob Schiff and Cleveland H. Dodge. The Intimate Papers of Colonel House Vol. 1 pg. 170-171

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"November I7, 1913: Paul Warburg telephoned about his trip to Washington. He is much disturbed over the currency situation and requested an interview, along with Jacob Schiff and Cleveland H. Dodge. Mr. Dodge came in advance of the others. He said he felt obliged to come at their request, because they had just given him a substantial subscription for the Y.M.C.A. fund. He had a feeling that the President knew what he was doing and did not need any more advice than he was getting from the channels he himself selected. I told him I shared this view and that, since all the experts disagreed, it left one in doubt as to what to do. "Mr. Schiff and Mr. Warburg came in a few minutes. Warburg did most of the talking. He had a new suggestion in regard to grouping the regional reserve banks, so as to get the units welded together and in easier touch with the Federal Reserve Board. Mr. Schiff did not agree as to the advisability of doing this. He thought the regional reserve banks should be cut down to four and let it go at that. · "They wanted me to go to Washington with Mr. Warburg and Mr. Dodge, Mr. Schiff saying I was the Moses and they would be the Aarons. He asked if I knew my Bible well enough for this to be clear to me. I told him I did. I combated the idea that the President -was stubborn in his stand upon the currency measure. I thought he had to be firm and had to make up his mind as to what was good and what was bad in the innumerable suggestions that came to him, and that was all he was doing. I advised against going to the President with new suggestions. I thought they should be taken to Secretary McAdoo, Senator Owen, and Mr. Glass; if they agreed as to the advisability of accepting them, the President would probably also accept them." Pressure from both sides and from above, as exercised by the President, finally compelled the acquiescence of the opposing Senators; and on December 20, "a gala day" House called it, the Federal Reserve Bill passed the Senate. It was hailed generally as a greater triumph for Wilson even than the Tariff Act, and in the Colonel's matured judgment was the most important single legislative act of the entire Wilson Administration."
-The Intimate Papers of Colonel House
Vol. 1 pg. 170-171

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