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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
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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.

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