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Page 29
I am cognizant of the fact that something serious ails, or has
ailed, the banking business. . . I am also aware that banking,
with its attending care, custody and handling of other people's
money, takes on a public nature that some other businesses do not
have. . . And please do not form the opinion that I, in the
slightest degree, desire to block sound, reasonable, safe and
sane banking legislation. Absolutely the contrary. But . . . I
insist that a small community is entitled to a small bank for its
small business in the same arithmetical ratio that a large or
populous community is entitled to a large bank. . . Viewed from
the angle the Senate seems to have, I should think it would be
better to fix a minimum of capital and surplus combined (for as
far as security to depositors is concerned, there is no
difference between capital and surplus) for a maximum of
deposits.
Suffice to say, I am utterly and unqualifiedly opposed to an
arbitrary fixed minimum capitalization of $50,000 for small
banks. . . To me it means mighty, mighty few banks in towns of
less than 2,000 people.
If that is the intention, then the bill is perfect--in that
respect.
Very Respectfully
A FAN OF THE OLD SCHOOL
July 8, 1933
Mr. Lee Tracy
Metro-Goldwyn-Mayer Studios
Hollywood, California
My dear fellow Cadet:
This is not a "fan" letter. . . I probably recognize ten or
fifteen actors and actresses at sight. Yesterday I saw a movie
magazine. You were telling about yourself. I saw the name
"Western Military Academy" in print and that galvanized me. I
read the article from start to finish. I was tremendously pleased
at the kindly treatment you gave "Western." Hence, this
letter--the first I ever wrote an actor or actress. My God!
Mother taught me a theater was the Devil's work-shop.
I graduated Western in 1899. . . I had arrived at the age where I
was reluctantly permitting the "old folks" to reside in our home.
The local high school eventually granted me a diploma in order to
make room for students. "Western" was father's answer. . .
Everybody has a hobby. Some good, some not. After about 30 years
of worldly experience, "Western" and its welfare is probably
mine. There was where I first learned a small town banker's son
might later on in life meet some noticeable competition. . .
"Western" needs favorable advertising and plenty of it. I
cheerfully do what I can, but of course my field is tremendously
limited. Just what you said in your magazine article about
yourself is what "Western" needs. Only more of it. Last evening
and today I learn you are one of the best known men of your
profession. You evidently have thousands of admirers. Some time,
some where, some how, some of them will have a boy here and there
of the proper school age. And the fact those parents hold you as
they do, if they can only know you went to Western, will be the
deciding factor where those boys will go to school. Get me?
I am not a sentimentalist. I don't ask any one, and especially a
stranger, to spend either time or money on me and my hobby for me
alone. Honestly I don't. I'm pretty tight myself. Maybe I have to
be, and I'm that way by nature anyway. But without any expense of
course to you, if you would drop the hint to the Metro folks that
you have an idea a newsreel of an up-to-the-minute Military
school, at say, Commencement time, would have an appeal to the
public, and especially to the younger feminine public, and that
"Western" is the school to "shoot", or whatever it is you call
it, and Metro would agree, then we might get somewhere with
publicity for Western. . .
I do not ask or expect a reply. I think I know what you are up
against in the way of correspondence. I was in the Legislature
for 16 years. We have Legislative "cranks" here, just like you
have movie "fans" there--only not so much so. Now I'm a railroad
lobbyist whenever the Session meets. Furthermore I'm a Democrat.
As a waggish local constituent puts it, I've "gone from bad to
Hell."
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