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Leonard E. Read Journal

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Leonard E. Read Journal 1957 - 79 Ag and I went to the art store of Ernesto R. Palermo where Helen Braunschweiger's paintings are on exhibit from 5:00 to 7:00P.M. for two weeks. Walter seemed to be in his glory welcoming the invited viewers. Ag and I dined at Charles ala Pomme. October 29. Alberto sends another translation, copy appended. It appears that this is translated from the French, about which I was never informed. I'll bet, if it were translated from this Spanish version to the English, it wouldn't look much like my original. To N.Y. and luncheon at Gotham Hotel with Ed Dunning, his associate, Van Meter, and the new President of Opinion Research, Joe Bevis. To Chrysler Building and the first day of their invitational look-see at the 1958's. Tex Colbert, Bill Flaherty and other Chrysler folks on hand. Pierre phoned about his attendance at Board Meeting and about the meeting planned for me in Indianapolis. October 30. Phoned Bill Book, Ex. V.P., Indianapolis C of C concerning meeting for me. Everything OK. Jim Rogers phoned from Rockford to tell me about a group of wealthy Texans and what I should do if they began to make inquiries of us. Beeman Fisher phoned from Fort Worth about rearranging my flight plans to Texas. Phoned Jim Clise, Seattle about his arrival tomorrow. October 31. Pierre and J.W. arrived and lunched with us. WCM phoned, declining to come out tonight on account he has a bug. Pierre and I on phone for long time with Don Welch of Winchester, Ind. about a proposed meeting there for evening of November 13. Herrell DeGraff phoned from Ithaca. Sick, so can1 t come. J.W., Pierre, Poirot, Opitz, Harper, Curtiss and LER dined on Ag's excellent Captain's Chicken at FEE and talked on everything known and unknown until 10:00 P.M. FEE dropped around $9,000 for month.' November 1. Hutch phoned from Detroit. Fog-bound, but predictions are it will lift. Chas. Clise sent $500. Not as much as might have been but with Freeman subs. will come to about $1,000. Hutch didn't get in until . 5:30 P.M. 1957 - 80 Assembled were: Clise Hazlitt LER Coberly Hutchinson Chamberlain Coolidge Langenberg Pettengill Crane McHugh Mises Crawford Mullendore Bradford Dubach Peters Rogge Fertig Pew Staff Gaylord Pulliam Goodrich Snowden Began with a nice luncheon, bean soup ala Ag. Howard Pew served as Chairman in Hutch's absence. The whole afternoon discussion was amiable and evidenced a deep devotion to FEE. A good steak dinner. The evening session discussion was led by Ben Rogge, Dean, Wabash College, and his paper on "Below Cost Pricing in Education." Followed by a lively discussion. Ben only dealt with higher education. "But," some contended, "there had to be a subsidy at some earlier point" and were debating as between the ages of 12 and 16. I ended it by saying that the government should stop intervening at some month in the prenatal period. Recessed at about 9:20P.M. The New Optimism: "We're 30% ahead of where we will be next year." November 2. Several of us were at the Motel at 8:00A.M., taking most of the Trustees to Howard Johnston's for breakfast. Beg an session at 9:40, Hutch calling on each one for comments and suggestions. Most of the whole fore­ noon's talk was on the financing of FEE, the most important part being a resolve on the part of some to do a bit more themselves. Hutch called on Fred Crawford at lunch to tell us about ICBM and "Sputnik" which he did with his incomparable gusto. A fitting end to a good meeting. Beeman Fisher of Fort Worth arrived before noon, sat in on Board Meeting, joined us at luncheon and after departure of Trustees spent about two hours with me on our forthcoming Texas get-together. Hughston sent MF's annual-- $7,500. November 3. Picked up J.W. at Motel and played at St. A. with Frank Brick and Don Dunn. Good exercise I having a 92. J.W. joined Ag, Frannie and me for a duck dinner, the two Canvasbacks given to me by Bob Gaylord which he shot 100 miles north of Winnipeg and brought them to me still feathered. V.G. Put J.W. on 9:29. November 4. Appended is my current NOTES. A day of routine at FEE. November 5. Ed Hutton wonders if Khrushchev and his gang will claim writing: "Hi, diddle; diddle; The cat and the fiddle; The cow jumped over the moon. The little dog laughed To see such craft. And the dish Ran away with the spoon." 1957 - 81 About now is the time for me to start writing explanation of why the Russians beat us in the Mutnik area. November 6. A Mrs. Holmes of L.A. a visitor. Got started on "The Making of Mutniks. 11 My itinerary, beginning next week, appended. John Hendon phoned from Birmingham about our get-together there in January. November 7. On phone with Jim Rogers about his letter referring to Bob R's comments after returning from Board Meeting. He registered some sur­ prise that the Trustees didn't make policy. His experience has been with NAM and such. Earling Week here for lunch. We went to his vitamin and chemical plant in Ossining. November 8. Columbus & Southern Ohio Edison sends $500; $1,000 from Roger Mellick; $1,000 from Reginald Rose. John McCarty of GE and his new associate, Peter Steele, here from 9:30 to 3:00. John is our best friend in GE and has just been given charge of contributions. We couldn't have a better one. November 9. Jasper reports that his Foundation has approved a contribu- tion to FEE of $15,000. JB and I golfed with Frank Brick and Don Dunn, I had an 87. November 10. A cover boy, no less, copy appended. Ag walked 14 holes in the cold and wind while I garnered two pars. Ben M. phoned about tomorrow. November 11. TV programs are designed for those in the just above moronic level. It is enlightening to observe how many of us find this fare to our liking. This seems to confirm that civilization, as we know it, is a trans- parent veneer of culture wrapped around a lot of more or less hairless baboons. Santa Fe obliged with $2,500. To Canadian Club for lunch with Dick Cornuelle. He is leaving PP at the end of the next month and will locate on west coast, either with some business firm or rejoin Volker. Ben Moreell here for a talk with Opitz and me on his projected EEl speech. His daughter, Pat, along as was Kitty who visited with Ag. Phoned Indianapolis C of C to make certain that Harvey Bradley (a friend of Ben's) was invited for tomorrow evening. L E R I T I N E R A R Y November 12-23 November 12 Lv. LaGuardia, TWA #161, 8:00A.M. Ar. Indianapolis, 11:02 A.M. (Indianapolis Athletic Club) Invitational Dinner by Pierre Goodrich 13 Noon -- Annual Meeting Indiana Consumer Finance Association Evening -- Invitational Meeting, Winchester, Indiana by Pierre Goodrich Drive to Dayton -- midnight train to Cleveland 14 Ar. Cleveland, 6:00 A.M. (Union Club) Noon -- Inyitational Meeting by Fred Crawford Lv. CLeveland, UAL 41207, 6:35 P.M. Ar. Chicago, 7:23 P.M. Lv. Chicago, AA #33, 8:25 P.M. Ar. Dallas, 11:30 P.M. (Hotel Texas, Fort Worth) 15 Evening -- Address TESCO Personnel 16 " " 17 11 n 18 Wichita Falls, Texas (Kemp Hotel) Evening -- Address TESCO Personnel 19 Ranger, Texas (Conelee Hotel, Eastland) Evening -- Address TESCO Personnel 20 Colorado City, Texas (Settles Hotel, Big Spring) Evening -- Address TESCO Personnel 21 Big Spring, Texas (Settles Hotel) Evening -- Address TESCO Personnel 22 Odessa, Texas (Lincoln Hotel) Evening -- Address TESCO Personnel Lv. Odessa by TESCO plane for Fort Worth (Texas Hotel) 23 Lv. Fort Worth, AA #84, 8:35A.M. Ar. Idlewild, 2:35 P. M. TESCO -- Texas Electric Service Company ·-- - CONFIDENTIAL THE FOUNDATION FOR ECONOMIC EDUCATION, INC . COMPARATIVE STATEMENT OF RECEIPTS AND EXPENDITURES October 31, 1957 Twelve Mos. Twelve Mos. Month of Month of Ended Ended Oc t f~57 Oct i956 Oct. 31, 1957 Oct. 31, 1956 >ening Balance-Cash $ 59,718. 14 $ 22,685.60 $ 43,130.91 $ 49, 223.43 >mmercial Paper 61,587. 75 61, 587.75 61,995.94 ~posits Refundable 1,696.44 425.00 425.00 425.00 >tal Opening Balance $ 61,414.58 $ 84,698.35 $105, 143. 66 $ 111,644.37 ~ECEIPTS >nations a1, 641. 98 48,665.29 403,400.12 447,875.79 tblications . 1,349 ~ 42 2,578.52 28,161.97 36,907. 17 lvertisement 2,098. 30 1, 807.85 16,229.31 10,952.05 moraria 63.61 1,913.06 2,367.69 ~Testments 3, 529. 95 ' 2,060.00 lsce llaneous 317.01 1tal Receipts $ 25 , 089. 70 $ 53,115. 27 $453,234.41 $ 500,479. 71 ~XPENDITURES !rsonal Services 18, 738. 74 20,470.30 245,651.58 258,983.41 tblication Expense ~0,043 . 09 3,254.81 140,665.86 113,408.67 fice Equipment & S!lpplies .3, 926. 07 2,686. 87 62,515.49 50,474.06 ·ansportation. & Meetings 638. 41 556.24 19,268.41 20,779.43 ofessional Services 1,172. 85 2,164. 65 25,777.67 36,793. 07 nt Expense .
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