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A p r i l 2U, 19U7. Mr. Charles B. Spenoer, J r . , P r e s i d e n t , The F i r s t Hational Bank of Boston, Boston, Massachusetts. Dear Mr. Spenoer: Before l e a v i n g f o r the West, Chairman Bccles suggested t h a t the p o r t i o n s of h i s recent testimony r e l a t i n g t o t h e Federal Advisory Council might he c a l l e d t o the a t t e n t i o n of Mr. Brown, as P r e s i d e n t of the C o u n c i l , i n case he might wish t o c i r c u l a t e i t t o Council members. I n a d v e r t e n t l y , a l l of t h e t e x t of the h e a r i n g was mailed t o each member of the C o u n c i l , and I am w r i t i n g t h i s note by way of e x p l a n a t i o n . The r e f e r e n c e s t o the Council which Mr. Eocle8 thought you might p o s s i b l y be i n t e r e s t e d i n are i n the f i r s t few pages. Sincerely yours. E l l i o t t Thurston, A s s i s t a n t t o t h e Chai m a n . ET:b (IDENTICAL LETTER SENT TO EACH MEMBER OF COUNCIL)
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