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PHIL E.CHAPPELL,CASHIER HAL W. JOHNSON, ASST. CASHIER A.H.ECKLES, PRESIDENT W.E.KEITH,VICE PRESIDENT CAPITAL $100,000.00 SURPLUS $120,000.00 Jan* 24,1959. Mr. Marriner S. Eccles, % Federal Reserve Board, Washington, D.C. Dear Oolonel: I have missed hearing your addresses lately as they came* at a time when i t was not convenient for m to be at the Radio. e I would have missed your address l a s t night if m good wife had not y heard you and called m to the Radio, notwithstanding e I had retired. When you addressed the meeting a t N w Orleans I thought i t was so good and made such e a good impression I took the liberty of asking you to have your speech mimeographed and- mailed to the members of the A.B.A*, and which you did for someone, and I took credit for i t myself, whether I was entitled to i t or not. You used a great many figures and facts l a s t night which weim hard to remember and carry in onefs mind. I hope you are goiijg to have your address last night published as I a sure many of your friends and m those who do not agree with you would like t o read i t . I trust that i t will be convenient for you to publish i t so your friends will have i t for comparison as there are many convincing points therein, and i t will really do the country good to have your viewpoint. I enjoyed every word of i t , and I would like to use i t for reference and trust you will have i t printed for distribution in some manner. continued good wishes, I a m Thanking you in Advance, and with s truly, irirrector federal Reserve January 30, 1939 Mr. A . H. Eckles, President Planters Bank & Trust Company Hopkinsville, Kentucky Dear Mr. Sckles: I have for acknowledgment your letter of January 24 and feel quite complimented that on the occasion of ny recent radio address you listened in although you had already retired. A word of appreciation should also go to your wife who was interested enough to call you to the radio. Your mention of r y Speech at New Orleans a before the iaaerican Bankers Association reminds me of the vast amount of water that has gone over the dam since that occasion. However, I have considerable satisfaction in the fact that my position at that time with reference to monetary and fiscal problems remains the same. The problems we were then confronted with are still unsolved and to my mind will remain unsolved unless and until both public and private leaders c$n work together for policies and actions which will bring the national income high enough to absorb most of our unemployed in private enterprise. AS requested, I am enclosing herewith a copy of my radio address. i/dth best wishes, I am Yours sincerely, Received in Chairman's Office M. b. Eccles JAN27 1939 Chairman $oard of Governors OtthB Federal Jctaeeive System LC/fgr