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February 21, 19A9- Dear A r t h u r : No* t h a t the Transamerica hearings i n Washington are over I cannot r e f r a i n from sendL.g you t h i s note t o commend the f i n e r e p o r t o r i a l work of Mr. H. Walton CloKe who covered the hearings. I was on the s W i d f o r s i x days and therefore took an i n t e r e s t i n the way the proceedings were reported. Mr. Cloke's s t o r i e s were the most complete, a n a l y t i c a l , o b j e c t i v e and i m p a r t i a l of any t h a t h^ve been w r i t t e n . I j u s t had t o t e l l you t h i s , e v e n at the r i s k of having you t h i n k I was t r y i n g t o curry f a v o r . But 1 t h i n k you know I do not go i n f o r t h a t sort of thing. Best regards. Sincerely yours, M. S. i c c l e s . Mr. Arthur Krock, The hew Yor*c Times, Albee b u i l d i n g , Washington, D. C. ITtua/™ p e t t r V^joxk WASHINGTON BUREAU A L B E E B L D G . , W A S H I N G T O N , D. C . February 23, 19h9 The Hon* M*S. Eccles, Federal Reserve System, Washington, D # C # Dear M a r r i n e r , A l l of us here g r e a t l y appreciate your note of Februay 2nd. I know and appreciate the s p i r i t i t was -written i n because -what you say i n your second paragraph i s so t r u e * Yours f a i t h f u l l y .