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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.
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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 .