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February 13, 19U5-

Honorable Ganaon P u r c e l l ,
Chairman,
Securities and Exchange Commission,
13th and Locust Streets,
Philadelphia 3* Pennsylvania.
Dear Ganson:
In accordance with our understanding,
I am enclosing for your confidential use a copy
of the memorandum which I discussed at the meeting of the Vinson Committee last Thursday.
Sincerely yours.

Enclosure

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