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I don't know how Jesse Jones happened to get the post after Harry resigned, except this. After Roosevelt's quarrel with Jones several years later people tended to assess against Jones all the things that Roosevelt found the matter with him several years later. But in 1940 nobody was saying anything against Jesse Jones and the President was on excellent terms with him. Jones was extremely helpful. As administrator of the Reconstruction Finance Corporation he was a very liberal and flexible-minded man.

I think a great deal of Jesse Jones, at the same time that I recognize many shortcomings from the point of view of what would have been an ideal public officer at the particular period of 1933 on. He's a man of extraordinary ability - astute, quick. He had a very well developed commercial mind and a trained commercial mind of great experience. He knew how to make two dollars grow where one had grown before. He was probably born that way. He had that kind of a mind. Some people have it and some haven't. As a banker and real estate operator and general business leader in Texas he had been really remarkable. Houston, Texas is really the work of Jesse Jones as it stands now. Up until the time of the great tidal wave at Galveston Houston had