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December 7, 1940*

Mr.
Dim
290
Hew

Arthur D* Whiteside, President,
and Bradstreet, Inc*,
Broadway,
York City*

Dear Mr. Whiteside:
Chairman Iccles requested me to send
you the enclosed copy of the text of his address be­
fore the National Industrial Conference Board*
In view of the distorted version of it
that subsequently appeared in the press, he felt
obliged to make the actual text public*

Sincerely yours,

Elliott Thurston,
Special Assistant
to the Chairman*
enclosure

ET:b




E S T A B L IS H E D IQ4I

XECUTIVE

UN

OFFICES

BUILDING

B R O A D W A Y , N E W Y O R K C IT Y

WOr t h 2 - 5 7 0 0




D ecem ber 9 t h ,

1940.

M r. E l l i o t t T h u r s t o n ,
S p e c i a l A s s i s t a n t t o t h e C h a ir m a n ,
B oard o f G o v e rn o rs ,
F e d e r a l R e s e r v e S y s te m ,
W a s h i n g t o n , D. C .
D ea r M r.

T h u rs to n :

W o n *t y o u th a n k M r. E c c le s
f o r r e m e m b e r in g t o s e n d me t h e c o p y o f
h is a d d re s s b e fo r e th e N a tio n a l I n d u s t r ia l
C o n fe r e n c e B o a rd .
When I a s k e d h im t o s e n d i t h e
w as q u i t e b u s y a n d I w as u n d e r t h e i m p r e s s i o n
t h a t h e w o u ld f o r g e t t o d o i t , s o I d o u b l y
a p p r e c i a t e h i s t h o u g h t f u l n e s s b e c a u s e w h en
I h e a rd th e a d d re s s I th o u g h t jJ i_ w a ^ J ^ _ J i& § jL ~
j.m p o r tm ^ T O
m o n e t a r y a n d . f^ S Æ â l
s i t u a t i o n w h ic h h a s d e v e l o p e d w h ic h I h a v e
h ea rd .
S in c ^ ^ e ly

A.

ADW.EMK.

D.

you rs,

W h ite s id e

PRESID EN T