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Kay 14, 1956.

Dear Herberts
I aa enclosing a copy of a talk I gave in Hew
York last week, extracts froa which appeared in the
press* I thought that somm of ay friends might care
to see the complete text, and I am, therefore, taking
the liberty of sending you a copy since this is an
effort to outline briefly what I conceive to be the
theory of the government1s monetary and spending pro­
gram and how it is working oat toward a balanced bud­
get and full restoration.

Sincerely yours,

Mr* Herbert E« Gaston,
Treasury Department,
Washington, D* C.




May 16, 1936.

Honorable Marriner S. Eccles,
Chairman, The Board of Governors,
Federal Reserve System,
Washington, D. C.
Dear Marriner:
I an glad to have had the opportunity to read your
talk before the meeting at the Waldorf-Astoria on May 8th.
X like it very much and I think the presentation is a tough
one for anybody to answer.

This is the philosophy on which

this election is going to be won*
Very truly yours,

/ Herbert E. Gaston
Assistant to the Secretary*