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December 5, 1940

Dear Mr. Carmody:
Chairman Eccleo requested me to 3end you
the enclosed copy of the talk which he gave before
the National Industrial Conference Board in Ke.. York
last week at what was supposedly a closed discussion.
Subsequent newspaper reports appeared,
however, that were remarkably inaccurate, accord­
ingly, the Chairman decided yesterday to give out
the text of what he actually had to say. He felt
you might be interested in seeing it.

Sincerely yours,

Elliott Thurston,
Special Assistant
to the Chairman.
Honorable John M. Carmody, Administrator,
Federal Works Agency,
Washington, D. C.

mi closure

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FEDERAL W O R K S AGENCY
WASHINGTON

OF FIC E OF THE ADMINISTRATO R




D ecem b er 6 ,

M r . E l l i o t t T h u rs to n
S p e c i a l A s s i s t a n t t o t h e C h a irm a n
B o a rd o f G o v e rn o rs
F e d e r a l R e s e r v e S y ste m
W a s h in g to n , D . C .

Niy d e a r E l l i o t t :
T h a n k y o u v e r y much f o r s e n d in g me a c o p y
o f C h a irm a n E c c l e s 1 s p e e c h .
I am t a k i n g t h i s home t o
re a d to n ig h t.

1940