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THE WHITE HOUSE
WASHINGTON

May 6, 1947

Dear Governor Eccles:
I appreciated most highly your letter of April
twenty-fourth with the attached memorandum
on prices.
It is an interesting document and I thank you
for taking the trouble to send me a copy.
Sincerely yours,

Honorable Marriner S. Eccles
Chairman
Board of Governors of the
Federal Reserve System
Washington, D.C.