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January 14, 1939.

Dear sir.
I am Iian&Lag you aarsvith & copy of *&$ fiual
foris of thw Heport of fcbo Fiscal aiKi Monetary Advisor;' Hotird EelfaiJUj^ to the SpQcl&l Hejiort of th«
Social Sdourittf Ba«ird, which was &grm& to in our
naetln-; at tho Traasary oa Tbur^iay afternoon,
January 12 th.

M. 8* E c d e s ,

Honorable Frederic Dal&ao,
Kortfe Interior
Washington, D. C.

enclosure
MSE:VE:b




Sear Uv, Belli
X m Ending you ijarewith a oopy of the fii^l fora
of the Sepor w of the fiscal aad Moaettiry AdTiaory 3x>ard
aej^atiaei to the Special Re^tort o£ %h& Sooiel Seoarity
Board, which sas agreed to ia our aeeiting at the Treasury
on ?ha7»sd&y afteraoou, Jaau&ry 12th.
yaurs,

S. Soclss,

Mr* Daniel f • Bell, Acttiig Director,
Bureau of the Budget,
Treasury Building,
Washington, D. C.
enclosure
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•




y i s , 1929,

OCIAL

At your :•••

.

I
•> •
SOIOFA

Advisory BoardfcMcon.•
tWQ extent
I of the t
the ria#a) i
' ;i

,

v

sid>:
U Kldition, the I
hold a tMstiBg to
As

"olio.

1, Th
to you, tMH by you, to Cong
o^ tfeli r«eo • M

fl-

ce, t o iMvl fmm I

»*fnXA«

In

• • >ort I t i M I highly

l i o:: th-:> oldUURO v:oe pro;:r*-u.
. d of 1
yotx by you DuL
iy your o.cc;rpt-nce o
" «
probl::: on -:'!\.. f?h, in th<^ opinion or fehli I-o- • , ft«flvlt4 cor;'iit on fOttr p^rt lfl noA
-ceassr;- or tui
Jfl
docs a •
ct %o
iso
.
Quid b« '
It the
Prm?i>td t h s trnplicIkat th.jy sho^ilc
de
d i r e c t l y to Congress, Tbi* hai IMM8 tiMl praotiot »f tilt SoelftX
k
Gdcuri |
o date, Th<
'4 no goo<l renson • hy a
departure frow t h i
houid •
• i n Ito C8.ee ©f tii
©Ft* I t i s ,
. 'ore, appropriate %t
r port
. •

91

t o Coi : •

: . It li -08ir«;bi
6 the Fisc
lfou«t«77 AdvlWJ
Ni
kapt ourrently iEfomod b,f tiie Social Security I
oific reoodat !•
ich i t propOMi to
resfilon 1 Co:
Hi to -u:
of nn,
I. ,ecurlT
under contimious Sttidy by your Mvisovy Board,




.