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lice Correspondence
Governor Eccles

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n^* February 21, ^

Mr. Goldenweiser/? noy ^*
Goldenweiser/9 rnQ


Witnesses on the

In accordance with your request, I have tried to canvass the possible
witnesses that you could suggest to the Banking and Currency Committee of
the Senate.
Among persons in the Federal Reserve System I should suggest Governor
YnJLliam Me. Martin of St. Louis, and Chairman J. N. Peyton of Minneapolis.
Martin has been with the System from the beginning, has been both Chairman
and Governor and is a good, level headed fellow. I believe he is entirely
in sympathy with the bill. Peyton, on the other hand, is a new man, but a
very good one, and I know that he is in favor of some of the provisions of
the bill, although I don f t know his position on all of them.
Among other men in the System, I should think that John H. Williams
of Harvard and of the New York bank might be considered. I suppose Governors Young and Harrison and Deputy Governor Burgess will probably be witnesses, but I don f t believe they are among those whose names you want to
Among academic people, the ones that you might suggest are Jacob Viner
of the University of Chicago, James Harvey Rogers of Yale, and Paul Ellsworth of the University of Cincinnati.
I was wondering whether it wofuldn't be practicable to suggest Rudolf S.
Hecht of the Hibernia National Bank of New Orleans as a witness. As you
know, he is President of the American Bankers Association, and I gathered
from my talk with him the other day that he is likely to go along with the
bill in a way that might be helpful.
Among journalists, I am afraid I haven't anyone to suggest exeept
Walter Lippaan of the New York Herald Tribune.