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C L A R E N C E
E .
M A R I O N C.
B A N K I N G AND C U R R E N C Y
YORK
SECRETARIES:
G E O R G E T.
COMMITTEE:
K I L B U R N
34TH DIST., N E W
C A F F R E Y
C O O N E Y
Congress of t&e Winittb
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ffi®a«&Mjjton, 29* C .
February 8, 1951
Mr. Marriner S* Eccles
Board of Governors
Federal Reserve System
Washington, D . C .
Dear Governor Eccles:Yours of February 5 received wherein you enclosed the statement by the Department of Economics of the University of
Chicago.
I think that the Banking and Currency Committee of the House
and the Senate both should make a study of the present extremely dangerous trend toward inflation which I am inclined to believe is due to a large extent by the policy of the Treasury.
It is a hard situation for any ordinary individual to understand and, of course, has practically no appeal to the masses
but they are the ones most vitally effected and I hope the leadership in the Congress tackles the problem and passes legislation
to correct it.
Sincerely yours,
Clarence E . Kilburn, M . C
CEK/c
@FedFRASER