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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. enclosure TREASURY DEPARTMENT WASHINGTON 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*
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