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J.DAVID STERN PUBLISHER NEW YORK POST, NEW VORK PHILADELPHIA RECORD, PHILADELPHIA EVENING COURIER, CAMDEN,h».o. M O R N I N G POST, CAMDCN.M.J. April 1 , 1955 Honorable Marriner S* Eccles, Governor of the Federal Reserve System, '//asMngton, D, C* Dear Governor: Dr* Harr told me of h i s conversation with yom* I know of only one newspaperman outside our office who would be capable of handling publicity on your b i l l . He i s E l l i o t t Thurston who Y/as my Washington correspondent for four or five years* A couple of years ago Eugene Meyer took him away from me for the Washington Post, with a salary which I believe i s over *1>10,000 a year* I have a hunch thab Kiurston is irked by the conservative atmosphere of the POE t and might be tempted t o leave* 3ut I doubt if he could afford t o take any loss in salary* If he went with you, I think well enough of him to be willing to offer him j>10,000 a year if you and he did hot get along well together or if p o l i t i c a l changes compelled his resignation* If you are interested, I will talk to Thurston and have him come in to see you* I think it is significant that I got an answer^fram the President by return mail saying, tfI was greatly interested in the comments you make regarding the Secies plan* I hope you will run down again to see me* I expect to get away t h i s v/eek-end and will be back in Washington about ^ p r i l 10th* I have asked Ilclntyre to keep you in mind for an appointment as soon as possible after my return. !t I m i l make it a point to see you before I see the President* In reference to our discussion of how large a grant would be necessary to stimulate home building, please read the National Industrial Conference Board bulletin of January 10,1955 which discusses this problem in detail and comes to the conclusion that a 58 percent subsidy 7/ouLd be necessary* Is there any chance of your spending an evening with me in New York before ^prll 10th? Sincerely yours,
@FedFRASER