THE HERBERT M. BRATTER COLLECTION, 1919-1971
# 137

(12 cubic feet: 36 DB)

by: Grace M. Angle & Robert S. Harding, November 1986

Biography

Herbert Max Bratter, an economic and financial specialist, was born in New York City, January 22, 1900 and died in San Antonio, Texas, February 19, 1976. Fluent in six languages, Mr. Bratter became an internationally known expert on gold and silver.

Mr. Bratter was educated at City College, New York (1917-1919) and Columbia University (1919-1921). After several positions with private firms, and a period in the early twenties as a statistician in the Chinese Government Bureau of Economic Information, he became an economic analyst for the United States Department of Commerce and later for the Treasury (1929-1935) and was a member of the Rogers financial mission to the Far East. In both Commerce and Treasury "following" silver was one of his official responsibilities. He returned to the private sector and an economics research post with Loomis-Sayles & Co., a Massachusetts investment company (1935-1937), and later was in private practice as an economic consultant in Washington. His address was 3000 - 39th Street, NW., Washington 16, D.C.

Author of more than 125 magazine and newspaper articles and pamphlets, Mr. Bratter was also the Washington correspondent and a regular contributor to Banking from 1939 to 1974. Mr. Bratter was firmly opposed to any government or monetary action to support the silver industry and in complete disagreement with the Silver Purchase Act. He was consulted as an expert on silver by several members of the Senate during periods of legislative debates on pending silver legislation. His publications include The Price of Silver (1930), Japanese Banking (1931), and Silver Market Dictionary (1933).

Scope and Content

These papers are the working files of a financial specialist throughout his professional life. They consist of press releases, newspaper clippings, daily, weekly and monthly releases from government agencies such as the press summaries of the Bureau of Foreign and Domestic Commerce of the Department of Commerce and that agency's Far Eastern Financial Notes, Federal Reserve Board Notes, and periodic releases of the Bank for International Settlements. There are extensive clippings from the Congressional Record on monetary matters and particularly on silver and gold when these were subjects of legislative interest, a number of Congressional committee reports and Congressional hearings.

Also included are many clippings from the Economist and a number from Business Week. Newspaper clippings are most frequently from the New York Times, New York Herald Tribune, Washington Post, Washington Star and Wall Street Journal. During several periods of intense activity relating to silver, Mr. Bratter also used a clipping service. There are some clippings from English language papers in other countries and a few in the language of the country.

Regular bulletins of major banks in this and other countries are included among the papers. There are a copies of articles by Mr. Bratter, occasional correspondence, and several reports from commercial attaches in U.S. embassies in the Far East. Correspondence is filed in the relevant subject matter folder. The papers include a number of handwritten notes, most of them memoranda to himself on phone calls or face-to-face conversations with governmental or Congressional staff, and members of Congress.

While not complete, the material embraces a period when the monetary and fiscal policies of the United States were of major economic and political importance, an era of world-wide depression, a period when a number of countries including the United States abandoned the gold standard, the years of the Second World War and the establishment of such international agencies as the International Monetary Fund and the World Bank. It is complete enough to be useful for doctoral dissertations on several subjects.

Later, two additional boxes of publications were received and added to the collection. They comprise boxes 1 and 2 of Series 6, Pamphlets, Bulletins, Congressional Committee Reports, Congressional Hearings and Other Publications.

The papers are organized in the manner in which they were received by Archives Center: by subject matter and geographically by country. The topical, political and geographical series are arranged alphabetically within each series. The material by country varies from two or three clippings in a single folder to nineteen folders on China. The most extensive country material is that for China, India and Mexico, all countries in which silver constituted the base for currency.

Folder headings are those on the folders in which the material was received by the Center. It appears from this that either some folders were incorrectly labeled or some material was not turned over to the Archives Center. For example, the folders relating to world currency, omit World Currency I and III. The Guide to Manuscript Collections 1978 in describing the Bratter collection states: "They also concern the Committee for the Nation to Rebuild Prices and Purchasing Power, a 1930's monetary propaganda group."

No such material has been located among the papers. Two brief references to such a group were noted. It is mentioned in the folder on Walter Lippmann (Series 2, box 2, folder 1) and in a Saturday Evening Post article by Raymond Moley Series 2, box 2, folder 3.

Except for some yellowing of the paper the material is in good condition.

Provenance

Transferred from National Numismatics Collection January 15, 1985. Given to the National Numismatics Collection by Mr. Bratter in the 1960's.

Container List

Box      Folder

Series 1: TOPICAL

1

1

Articles by Herbert M. Bratter, I

2

Articles by Herbert M. Bratter, II

3

Articles by others, I - 1930-32

4

Articles by others, II - 1933-36

5

Articles by other, III

6

Bibliography

2

1

Bimetallism

2

Celler-Wolcott Amendments (1943)

3

Certificates, silver

4

Charts

5

Chronology

6

Clippings, news releases (1971-74)

7

Coinage, U.S.

8

Coinage Act of 1965

3

1

Coinage, news clippings (1965-1966)

2

Coinage, redemption

3

Commodity Exchange

4

Companies

5

Conference (London Economic

6

Conference, continued

7

Conference, silver

4

1

Conference, silver (Bretton Woods)

2

Congressional

3

Congressional Record Debates on Silver and Inflation, 1933

4

Congressional Record Debates on Silver and Inflation, Vol. II

5

Demonetization

6

Dies, Martin

7

Dollar Exchange

5

1

Embargos

2

Executive Proclamation (Oct. 21, 1933)

3

Executive Proclamation II, III

4

Executive Proclamation IV, V

5

Gold, 1933-39, Regulations, clippings

6

Gold Laws and Regulations

7

Gold Clause I

8

Gold Clause I, continued

6

1

Gold Clause II

2 & 3

Gold Plans (1949-1955)

4

Gold Plans - Committee for Constitutional Government

5

Gold Reserve Act of 1934

6

Hard Money Debate I (1953-1956)

7

Hard Money Debate II

7

1

Historical I

2

Historical II

3

House Hearings 1932

4

Industrial (silver) I - Possible New Uses

5

Industrial (silver) II - Effects of War Stringencies

6

Industrial (silver) III - Busbar Deal

7

Industrial (silver) IV - Political Aspects

8

Industrial (silver V) - OPM and WPB

9

Industrial (silver) VI - Other Angles

8

1

Industrial (silver) - Silver Users Association I

2

Industrial (silver) - Silver Users Association II

3

Industrial (silver) - Trading, Production and Consumption

4

International Chamber of Commerce

5

Letters (silver)

6

London Agreement

7

Maria Theresa Thaler

8

Market (silver)

9

1

Market Letters

2

Memoranda

3

Military Currency

4

Miscellaneous

5 & 6

Monetary

7

Money Debate 1957-1958

10

1

Money Debate mid 1959

2

Movements

3

Nationalization

4

New Deal

5

Notes on Russell's "International Monetary Conferences"

6

Overseas Business Reports

7

Plans I - Unclassified (silver)

8

Plans II - Unclassified II (silver)

11

1

Plans, Opinions III (silver)

2

Plans, Opinions IV (silver)

3

Plans, IV, continued (silver)

4

Plans V (silver)

5

Plans - Democratic (silver)

12

1

Plans - Democratic, continued (silver)

2

Plans - Foreign (silver)

3

Plans - Jewelers I (silver)

4

Plans - Jewelers II (silver)

5

Plans - Mining Industry (silver)

6

Plans - Republican

13

1

Plans - Republican II

2

Political I (Silver)

3

Political II (Silver)

4

Political 1939 (Silver)

5

Price Silver

14

1

Price, continued (Silver)

2

Priorities for Silver Mines

3

Probe I by Treasury (silver)

4

Probe II by Pittman (silver)

5

Probe III by Thomas (silver)

6

Probe IV by Banking and Currency Committee (silver)

7

Probe V by Special Silver Committee 1942-43

8

Probe VI by Senate Banking and Currency - Green Bill

9

Production and Consumption

10

Purchasing Power of Orient

15

1

Rogers Mission

2

Seignorage

3

Silver Clause

4

Silver Episode Correspondence

5

Silver Legislation in America

6

Silver 1942-1943, Extra Copies of releases, bills, etc.

7

Silver Purchase Act, 1934

8

Silver Purchase Act of 1934, continued

9

Silver Purchase Act - Debates 1934

10

Silver Purchase Act - Debates on Repeal 1939, 1940, 1963

16

1

Silver Purchase Act Repeal

2

Silver Purchase Act Repeal II

3

Silver Purchase Act Repeal III

4

Stabilization Fund

5

Stockpile

6

Stocks

17

1

Subsidy

2

Trade Figures

3 & 4

Trading

5 & 6

Treasury Policy

7

Treasury Purchases (1933-34)

18

1

Treasury Purchases II

2

Unimportance of Silver

3 & 4

U.S. Currency System

5

U.S. Political History (silver) Through March 1933

6

U.S. Political History (silver) April 1933 through 1935

19

1

War Chest - War Effects

2

War Debt 1933 - 1959

3

Who's Who (silver)

4

World Currency II

5

World Currency IV

6

World Currency V

7

World Currency VI

20

1

World Currency VII

2

World Currency VIII

Series 2: POLITICAL

21

1

Borah, William F. and Warburg, James P.

2

Brownell, Francis H.

3

Coughlin, Reverend Charles E.

4

Groseclose, Elgin

5

King, William

6

Leith - Rose, Frederick

7

Leon, Rene

22

1

Lippmann, Walter

2

McCarran, Senator Patrick

3

Moley, Raymond - New Deal

4

Morgenthau, Henry - New Deal

5

Palmer, Robert S.

6

Pittman, Senator Key

7

Pittman, Senator Key II

8

Roosevelt, F.D. (New Deal)

9

Strauss, Simon D.

23

1

Thomas, Elmer

2

Thomas, Elmer II

3

Townsend, John G. 1939 (Jan.-April)

4

Townsend, John G. 1939 (May-Aug.)

5

Townsend, John G. II 1939

6

Townsend, John G. (Probe by) I

24

1

Townsend, John G. III 1940

2

Townsend, John G. III 1940, continued

3

Townsend, John G. Silver Releases

4

Wheeler, Burton K.

5

White, C. I.

6

White, C. I. continued

Series 3: LAWS, ORDERS AND RELEASES

25

1

Laws, Orders and Releases, Vol. 1 March 1933-August 1934

2

Laws, Orders and Releases, Vol. 2 April 1935-January 1939

Series 4: ECONOMISTS' NATIONAL COMMITTEE ON MONETARY POLICY

26

1

Economists' National Committee on Monetary Policy (1935-1937)

2

Economists' National Committee on Monetary Policy (1938)

3

Economists' National Committee on Monetary Policy (1939-1940)

4

Economists' National Committee on Monetary Policy (1941-42)

5

Economists' National Committee on Monetary Policy (1943-1947)

6

Economists' National Committee on Monetary Policy (1948-49)

27

1

Economists' National Committee on Monetary Policy (1950-1956)

2

Economists' National Committee on Monetary Policy (1957-1970)

3

Economists' National Committee on Monetary Policy - Miscellaneous Publications

4

Economists' National Committee on Monetary Policy - Monetary Notes (January 1944 - May 1947)

5

Economists' National Committee on Monetary Policy - Monetary Notes (June 1947-October 1950)

6

Economists' National Committee on Monetary Policy - Monetary Notes (November 1950-April 1954)

28

1

Economists' National Committee on Monetary Policy - Monetary Notes (May 1954-October 1957)

2

Economists' National Committee on Monetary Policy - Monetary Notes (November 1957-October 1963)

3

Economists' National Committee on Monetary Policy - Monetary Notes (November 1963-January 1970)

Series 5: GEOGRAPHICAL BY COUNTRY

29

1

Afghanistan 1933-1936

2

Belgium 1933

3

Canada 1931-1968

4

China I and II 1919; 1931; 1933

5

China III 1934 January - September

6

China IV 1934 October - December

7

China V 1935 January - March

8

China V 1935 April - June

30

1

China VII 1935 July - October

2

China VIII 1935 November - December

3 & 4

China IX

5

China X Silver 1936 July - December

6

China Balance of Payments

31

1

China - Booklets, Reports, etc.

2

China - Booklets, Reports, continued

3

China - Silver

4

China - Theoretical Discussion

5

Chinese

6

Chinese Banking

7

Chinese Mission, 1936

8

Chinese - Photos of Sycee and coins

9

Cuba

10

Egypt

11

Ethiopia

12

France

13

French Indo-China

14

Germany

32

1

Great Britain I 1931-1963

2

Great Britain II

3

Hong Kong 1929-1941

4

India I British India 1925-1936

5

India II British India 1925-1936

6

India III 1936-1968

7

Iran 1934-1944

8

Italy 1935-1938

33

1

Japan 1932-1963

2

Japanese 1932-1936

3

Manchuria 1929-1936

4

Mexico I 1930-1938

5

Mexico I continued 1938-1939

6

Mexico II 1939-1962

7

Spain 1930-1948

8

United Kingdom 1936-1968

9

Uruguay 1935-1956

10

USSR 1933-1954

11

Venezuela 1936

Series 6: PAMPHLETS, BULLETINS, CONGRESSIONAL COMMITTEE REPORTS, CONGRESSIONAL HEARINGS AND OTHER PUBLICATIONS

34

1

Gold and Silver

2

International Monetary System

3

Devaluation, Inflation and Monetary Policy

35 / 36

Publications

Grace M. Angle & Robert S. Harding, November 1986

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E-mail: archivescenter@si.edu
Revised: December 27, 2002