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December 23, 1938. Mr. Lowell i t e H e t t , Director, National ISsergency Council, Washington, D, C. Dear Lowell: As I tinder stand it, Hr. Eccles mentioned the a&tter of replying to Senator Byrd*s fettack on hi»self, yourself and other statesmen whoa he described as ^craekpots". I &m enclosing a copy of the reply which is tor release in Monday morning newspapers• The Chairman particularly asked ©e to send a copy to you. At the same time it gives me an opportunity to convey ay best wishes of the season to you, and if I aa not speaking out of turn, to express the hope that you asy include the Thurstons on your invitation list for your celebrated farm, which I have never seen and would like to survey. We are spending Christaas in Boston, but X shall be back here next Wednesday morning and would value your opinion as to this letter. I have also sent a copy to Steve Early. Faithfully, Elliott Thurston, Special Assistant to the Chairman • enclosure ET:b T THE NATIONAL EMERGENCY COUNCIL WASHINGTON OFFICE OF THE EXECUTIVE DIRECTOR December 27, 1938 Mr. Elliott Thurston Special Assistant to the Chairman Board of Governors of the Federal Reserve System Washington, D, C. Dear Elliott: Thanks for sending me the text of Mr, Eccles' speech, I already had read it in the Post, but am glad to have it in this form. Maybe I am easy to convince on this subject, but I think the Chairman makes an excellent case, I hope he will be available for a Town Meeting of the Air speech on the same subject some time during the Winter. Naturally, you and Peggy are expected at the party the afternoon of New Year's Day. Regards, Lowell Mellett December '*&, 1938. Dear Lowell: you for your note of December 27th. T « gifrfi tV^t, you felt, that the lettejr.to. m Senator Byrd makes a good case. Of course the public is going to find i t difficult to understand these matters which are not only controversial but call for a very different conception of many things, notably debt, from that customarily prevailing. Having more or less invited myself to your N w Year's party, Peggy and I will join your e throng on that day, weather permitting. Faithfully, Mr. Lowell Mellett, The Executive Director, The National Emergency Council, Washington, D. C. ET:b