The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
J O S E P H D. G O O D M A N wsaawm^Dsxaai 611 W* Up sal St* PHILADELPHIA Jtine 5, 1939 Dear Governor EcclesI hep© you will unequivocally oppose the proposal to establish capital credit banks* Adequate facilities exist for credit of all kinds; the only kick comes from those whose ability to repay loans is highly doubtful, and from certain radical New Dealers who desire to control all credit facilities* This step, which is plain socialization or nationalisation of credit, is merely another move toward complete Government control of everything - known abroad as CGft®fONI£M# Certailly, your experience in the private banking world does not warrant your approval of these radical ideas* As things stand today, the middle-classes are being wiped out; everyone is beginning to "share poverty" instead of "sharing the wealth"* These new proposals will simply put out of business many concerns, banks, and individuals* For what purpose other than the mad desire to @8t votes to remain in power*! Yours very truly, June 9, 1939* Mr. Joseph D. Goodman, 611 Ii. Upsal Street*, fi Philadelphia, Pennsylvania. Dear Mr, Goodman: As Chairman Eccles is temporarily absent from the city attending the Convention of the District of Columbia Bankers Association, I wish to acknowledge on his behalf receipt of your letter of June 5* Mr* Eccles, who read your letter just before leaving, requested me to send you a copy of his statement before the Senate banking* and Currency Committee with reference to the Me&d bill, Ahis is enclosed. Very truly yours, Elliott Thurston, Special Assistant to the Chairman, enclosure ET:b Received in ^Rirman's Office iUN6 J933 » <c s o n i » > rroB " IHC «0B©fve syatezn