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SECURITY STATE BANK &< TRUST CO. OF BEAUMONT BEAUMONT, TEXAS December 31, 1?U7 Mr. Handle G i l b e r t Federal Reserve Bank D a l l a s , Texas Dear Friend Handle: Replying t o yours o f the 23rcJ/x an g l a d \ h a t C)ia\rman Eccles made h i s statement t o t h e \ j o i n t commit$fee as he d o n November 25> 19U7* The FIIA and a l l o f i t s phases \ i a \ c o n t r i b u t e d more t o i n f l a t i o n ^ w e e k our p r i c e s i t u a t i o h tii&n anything y e t , \ jans f r o n 6 ekhto^s t o ho J OH £ armor jfl by Government Tax Supported Agencies i s another wrecker and maker o f i n f l a t i o n , cing you^^d am l o u r s very t r u l y , Presides OEF*s<r CO:/Chairman Marriner S» Eccles * Federal Reserve Board Washington, D. C. Mr. George Thomson, J r . Continental N a t i o n a l Bank F o r t Worth, Texas
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