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December 5»
Bear John:
Thank you for your letter of Hovember 28
cossaenting on ay testimony and for your suggestion.
In one of the earlier drafts of vy prepared statement, I had a line to the effect that the bankers
were willing Tiotias in creating bank credit to
help finance the war but I took the phrase out.
As you reoognise, "Shis is ancient history
and what we are particularly concerned with now is
the road ahead* It does seea to w& that the banking fraternity puts itself in a bad light by resisting any ourba in the credit field, even on instalment financing.
With best regards,
Sincerely yours,

the Honorable John D. Clark,
Council of Boonoaic Adrisers,
Hashington 25, D» C.

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