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BURNET R. MAYBANK, 8 . C., CHAIRMAN
J. W . FULBRIGHT, A R K .
HOMER E. CAP EH ART, tND.
A. W I L L I S ROBERTSON, VA.
JOHN W . BR1CKER, OHIO
JOHN SPARKMAN, A L A .
IRVING M . IVES, N. V.
J. A L L E N FREAR, JR., DEL.
ANDREW P . SCHOEPPEL, KANS.
PAUL H. DOUGLAS, I L L .
EVERETT MC KINLEY DIRKS EN, I L L .
RUSSELL B. LONG, L A .
WALLACE F . BENNETT, UTAH
A . LEE PARSONS, CLERK

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COMMITTEE O N BANKING A N D CURRENCY

February 8, 1951

Mr. M« S« Eccles
Federal Reserve Bank
Washington, D. C#
Dear Mr* Eccles:
I very much appreciate your thoughtfulness
in sending Die a copy of the University of Chicago
statement on the failure of the present monetary
policy, I will read it with a great deal of interest•
I went to take this opportunity to congratulate
you on your contribution to public understanding of
this problem, I admire your courage arid hope you
still*plan to stay in Washington long enough to see
this current fight through.
With kindest personal regards, I am
Sincerely yours,

Wallace F* Benh&fct
WFE:£3