Should have wired him. So pleased that his bank has weathered recent events. Curious about his perspective on the banking sector. Thinks anything is preferable to doing nothing, and though Roosevelt is not a genius, at least the U.S. will be active again. Haven't had a President who can converse in French with the French Ambassador since Theodore Roosevelt. The Laval incident only happened because Hoover and Laval had a misunderstanding. Is very busy, but hopes Roscoe continues to stay in touch about his business activities. Willie.