! Copy for Dr. Hans Sennholz FREDERICK NYMEYER, 16546 South Park Avenue, South Holland, Illinois, U.S.A. April 22, 1965 Mr. William J. Grede Grede Foundries, Inc. 1320 South First Street Milwaukee 1, Wisconsin Dear Bill: Thank you for your recent letter. In regard to key directorships which Clark held, I hope you have great success. One essential in this case is that you do not act too late. When individual names are recommended, I think con- siderable supplementary work has to be done in order to "condition" people; for example, in Milwaukee or Ripon, practically every individual Board member ought to be worked on some way or other. Then too it is desirable often to have "three strings to the bow, a first candidate, a second candidate and a third candidate. * * See enclosed carbon copy of letter I am sending to Mr. Clayton Gaylord, who is chairman of the board of American School of Economics, the school that we have not been able to get "air borne" because we have been feckless in our moves to raise money. I am interested in the ASE because behind the idea is the assumption that the instruction and research work at the school will be based upon the great Neoclassical economists, Menger, Böhm-Bawerk and Mises, particularly the latter. Mises is the fountainhead, or at least the clearest and most unequivocal spokesman for the soundest economics that the world has yet seen. others may have been more popular spokesmen, such as Eucken, Roepke, Erhard or Rueff, but if I can read correctly (and I think I can), then Mises is the foundation on whom all of them have built, more than is generally appreciated. Another reason why I would like to see ASE "get going." is that although nearly all others are inclined to compromise, Mises is the leading person who goes straight down the road. ASE ought therefore to be the best advanced educational institu- tion in which "conservatives" should be happy to put money. Maybe you have too much work already; maybe you ought to devote yourself to Rampart College rather than ASE; maybe you ought to have no 'divided loyalties"; maybe you wish to devote your time only to a didactic teaching institution rather than an advanced theoretical institution, but if you have the time and the energy and the inclination, I think you might be the "fair- haired boy" as a money raiser for ASE. of course this is merely my private opinion and no other director of ASE might agree (excepting John Brown, for sure).