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November 13, 1939* Mr. vieorge Backer, President and Publisher, New York Post, 75 west Street, New York City. Dear Mr. Backer: Enclosed is a copy of the address which Chairman Eccles delivered last week and which was the subject of an editorial in the New York Post of Saturday, November U . It is evident from the editorial that the writer had not seen the full text of the speech, the main point of which is that taxes should be lifted on the "small man1* and shifted to those groups now relatively undertaxed among whom more and more idle funds are accumulating. Very truly yours, Elliott Thurston, Special Assistant to the Chairman. enclosure ET:b I A /7 5 W È S T S TR E E T, NEW YORK T E L E P H O N E WH f FO UN D ED November 25, 1959 O FFIC E O F T H E P R ES ID EN T 1801 Hon. Elliott Thurston Board of Governors Federal Reserve System Washington, D. C. Sear Mr. Thurston: I ai:i sox-ry to have been so delayed in acknowl edging your kind letter of November 13, addressed to Kr. Backer, enclosing copy of the address by Chairman Eccles. I want you to know that your letter and enclosure have been sent, to our Editorial Board for their information; and I appreciate your writing us as you did. Sincerely yours, Butler Van Steenbergh Secretary to the Publisher