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December 9, 1936 Hr« Dudley Hanson, Executive Vice President, Sew England Council, Statler Building, Boston, Massachusetts. My dear Hr* Harmons X am returning herewith corrected copies which X have had mimeographed of the talk which X gave before the Seventh Sew England Bank Management Conference at Boston on Roveaber 15th* X very sincerely regret having been delayed in revising the manuscript which you were good enough to send to me* As you know, it had not been my intention to have my remarks published since X did not prepare an address and spoke off the record, but in the form as revised it seems to me that there is no objection to making this public, especially since some of the matters which X undertook to discuss may be of some current interest to the banking community generally* I greatly enjoyed the trip to Boston and was glad to have had the privilege of speaking before the Conference* X wish to express again my appreciation of the nany courtesies extended to me* Sincerely yours, 11« S* Bedes, Chairman* enei closures W IN T H R O P L . C A R T E R , Presid en t • FRANK C. N I C H O L S , Treasurer • JO H N L . B A X T E R .Secretary • DUD LE Y HARMON .Executive Vice-President Maine G uy E. t o r r e y , B a r H a r b o r Vice-Pres. andState Chairman Joh n l . B a x t e r A n d rew j. b eck W il l i a m l . B la k e E d w a rd e. Chase NA C. DOUGLASS / ard M. G ra h a m _ t e r N. M in e r -•-»w a rd p. R ic k e r . J r. G e o r g e O t is S m ith A r th u r g . S ta p le s W a l t e r S. W ym an N England C ew o uncil ECONOMIC D E V E L O P M E N T AND R E S E A R C H Executive OJjfices STATLER BUILDING Secy, A. L. T. C u m m in gs P. O. BOX 624, PORTLAND Phone- Ha nc ock BOSTON, MASS. . 9 7 1 0 - 9711- 9712. New Hampshire VICTOR M. CUTTER, NEW LONDON Vice-Pres. and State Chairman D a v id S. A u s tin , 2D A. C o o p e r B a l l e n t i n e W illia m a. B a rro n J. R a lp h G ra h a m E d g a r C. H i r s t Roy d. h u n te r Edm und f . J e w e l l Ja m es C. M a c L e o d F r e d a . Pu tn am H u n t l e y n . S p a u ld in g R ic h a r d w . S u l l o w a y December 10» 1936 5ecV/ D o n a ld d. T u t t le 17 CAPITOL ST., CONCORD Vermont H a r o l d W. M a s o n , B r a t t l e b o r o Vice-Pres. and State Chairman F. R. A d a m s S a m u e l H. B la c k m e r W il l i a m f . C o r r y E dm und d e s c h e n e s R a y E. F a r w e l l O lin D. G a y E a r l e S. K i n s l e y M o r tim e r r . p r o c t o r H o w a r d c . R ic e W i l l i a m h . W ils o n Sec y-Treas. P r o c t o r Mr. M. S. Eccles, Chairman Board of Governors of* the Federal Reserve System Washington, D. C. Dear Mr. Eccles: Page 162 COLLEGE ST., BURLINGTON May I acknowledge for Mr. Harmon in his Massachusetts John s . L a w r e n c e , b o s t o n *e-Pres. andState Chairman F. A d a m s .iL L iA M b e ll Joh n C h a n d l e r W i l l i a m h . C l a f l i n , J r. B. F. C u sh in g A l f r e d w . D onovan J a m es J a c k s o n H a lfd a n l e e A r t h u r b. n e w h a l l T h o m a s n e l s o n P e r k in s Q u e n tin R e y n o ld s Joh n J. R o b in s o n Joh n F. T i n s l e y E lio t W a d s w o rth R ob ert w a tt S in c la ir w e e k s C h a r le s a. w h itin g absence the corrected copies of your talk c. before the recent Bank Management Conference, which were received this morning. Sincerely yours, Secy, R a y m o n d w h ite s t a t l e r b ld g . , b o s to n Rhode Island Eleanor Whidden Office Manager P h ilip C. W e n t w o r t h , P r o v id e n c e Vice-Pres.andState Chairman H ow ard v. A lle n Joh n C. C o s s e b o o m G e o rg e l. C ro o k er R o b e r t s . h o ld in g R o b e r t r . Jenks H a r r y R. L e w is A l b e r t e. N o e lt e W i lb u r L. R ic e W i l l i a m p. S h e f f i e l d F r a n k A. S u l l i v a n Raym ond h . t r o t t 5ecV/ R ic h a r d b. W a t r o u s P. O. BOX 1337, PROVIDENCE Connecticut LESTER E. SHIPPEE, HARTFORD Vice-Pres. andState Chairman A l l e r t o n f . B rook s S. M c L e a n B u ck in gh a m C la y to n r . B u r t C. L. C a m p b e ll •"-»ank C. H a t f i e l d '. H o l l i s t e r e n t H u b b a rd ^.son h . L e e H o w a rd p a lm e r W i l l a r d b. R o g e r s Joh n f . R o l f e P. L. G e r e t y SecV, F A IR F IE L D EWsFT