Chairman Greenspan
September 14, 1974

I confess that Alan Greenspan startles me. He is President Ford's new top economic adviser. I heard Sen. Proxmire ask him questions in an otherwise all but deserted Banking Committee room recently and my astonishment grew. So, I think, did Proxmire's. Witness testified, without notes, with an earnestness and sincerity that left no doubt of his conviction. At a big financial loss he is leaving his Wall Street consulting firm of Townsend-Greenspan & Co.