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THE DIRECTOR GENERAL
PAN AMERICAN UNION
WASHINGTON, D. C.

February 2, 1940.

Ify dear Mr. Chairman;
Permit me to extend to you
most cordial congratulations on your
reappoimtment•

I feel, however, that

congratulations are primarily due the
people of the United States in being
assured of your continued service ia
the important post that you occupy*
Very cordially yours,

L. 3. Rowe
Director General

Hon. Ifetrriner 8 . I c c l e s ,
Federal Reserve Board,
Washington.

February 6, 1940.

My dear Dr. Rowe:
You are very kind to write me with
regard to my reappointment and I appreciate
your generous comment.
My service has already continued
longer than I expected, but in view of all of
the circumstances I could not very well decline
to remain somewhat longer.
Sincerely yours,

Dr. !•• S* Rowe,
The Director General,
Pan American Union,
Washington, D. C.

ET:b




$3