Letters, Feb. 5, 1934

Comptroller & Friend

Sirs:

Several people have written me about the comment on p. 44 of your issue of Jan. 22, which is as follows:

"Rumor had it that he [Walter Joseph Cummings, onetime president of the Federal Deposit Insurance Corp.] and his 'personal friend,' the Comptroller of the Currency, did not get along together. Rather than have him resign, his other personal friends, William Woodin and Franklin Roosevelt, preferred to provide him with another good job, and Mr. Cummings had his eye on Continental Illinois."

May I say I have no warmer friend than...

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