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April 1, 1941. r Eaeioaad is h very brief confidential l«tt«* that I think it bi./isly !>rta&t for the Ppesi4est to see &a •ossible upon his return to hia X mm. askina Slr« Cl?^yton to i t , to you isrsoaally v l t i this note, Mlisti: Is your goou offlMH t l • b i t rescues UM Presiideat B u m l Sdwia It* l&t i The »hit« f' eaelosmr® April 1, 1941. Sy dear &r# President: As you know, Chester Bsftf 1© leaTiag tbovt tlie fir*t of April to M d the ;>residescj of |« Louis Reserve taft* This will Matte a second v&ea&ey en the Bo here, asd MtlWlly there i f f alre^cly a rubber of sspir-'iats, some of warn h&?e ffmnl4«Mfi HflTlm sna like to enlist yotsr mij^ort. Pen^iat- UM WM • at of a bankia.} jro :T'.J* tiiat ifoiild fee in line with what 1 to bo your wi«h«st the present Board of fiye fuLI»time Mitafl i s 'aore tbaa fedequfite to t Pt of T: of Board work» A i l has b i n Ihe eues for some Itet so that DfiTis has bees able to devoid flfMii—llf his entire ti«« to the Uefense (itiTiiaitMii In riew of V eye eireoRiat^nees an3 of the f^et that you M M iaTari^bly t>fforded me ^n 0f9 rt- n i t / to tallc with you in regard to BoardftppoftfttoMftt*#I am taking the liberty of retiueatias as llj||lUtWlUj to do @Q ftgftSl In coanoctioE. with tho pre»e»t- VHCsiiCiea and tneir relationship to a banking yours, Tae President of Uln The White Bouse* :b THE WHITE WASHINGTON April 15, 1941. MEMORANDUM FOR HON. MARRINER S. ECCLES FOR PREPARATION OF REPLY FOR MY SIGNATURE. F. D. R. C 0 P Y THE SECRETARY OF THE INTERIOR WASHINGTON April 11, 1941 The President, The ?/hite House. My dear Mr. President: I am talcing the liberty of suggesting the name of Julian Terrett for the vacancy on the Federal Reserve Board created by the resignation of Chester Davis. Mr. Terrett has been serving as Assistant Director of the Division of Grazing since February 24, 1936. He is 51 years of age and holds the degree of LL.B. from the University of Michigan. Previous to his appointment in the Department of the Interior, Mr. Terrett had been engaged in ranching and in the livestock business in Montana for 17 years. Mr. Terrett*s services in this Department have been satisfactory, and I believe that he is qualified for membership on the Federal Reserve Board, representative of the livestock industry and agriculture. Sincerely yours, (signed) Harold L. Ickes Secretary of the Interior. >pril S3, 1941. TO - The President FROM - Chairman Eceles Attached |8 a suggested acknowledgment to Secretary Ickes regarding his recosmiend&tion of Julian Terrett for a place on the Board of Governors as a representative of agriculture. As you know, it ±3 desirable that whoever is selected as a representative of agricultural interests should have the confidence and support of the agricultural groups and be ^ell qualified by experience and a broad knowledge of economics, particularly in relation to the agricultural field. Mr. Terrett*G limited experience hardl/ qualifies him for Board membership. Attachments. My dear Ifr* Secretary; This is to acknowledge receipt of your letter suggestia^ the name of Julian Terrett for the vacancy on the Board of Governors of the Federal Reserve System created by the resignation of Chester Davis, Yarious names have previously been siiggested and I have in mind several who, in view of their background and outstanding qualifications, &re entitled to have prior consideration as representative:, off zhe 'agricultural interests of the country. Sincerely yours, Honorable Harold L. Iekes, 1'ecretary of the Interior, Washington, I). C. :b
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