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JOHN SPARKMAN, ALA., CHAIRMAN ERNEST W. MC FARLAND, ARIZ. H E R B E R T R. O'CONOR, MD. RUSSELL B, LONG, LA. G U Y M . G I L L E T T E , IOWA HUBERT H. HUMPHREY, MINN. L E S T E R C. HUNT, WYO. W I L L I A M B E N T O N , CO NT' CHARLES W. TOBEY, N . H. L EVE R E T T SALTONSTALJL, MASS. EDWARD J. THYE, MINN. R O B E R T C. HENDRICKSON, N. J . ANDREW F . SCHOEPPEL, KAN3. C H A R L E S %, S H A V E R , G E N E R A L C O U N S E L MINNA L . RUPPERT, CLERK rtxleb J£>lcde& J&enaie SELECT COMMITTEE ON SMALL BUSINESS ( C R E A T E D P U R S U A N T T O S . R E S . St, BIST C O N G R E S S ) February 9 5 1951 Honorable M# S. Eccles Board of Governors of the Federal Reserve System Washington, D # C. Dear Eccles: Thank you for your letter of February 5 and for the enclosed statement by the Department of Economics of the University of Chicago^ concerning the means of restraining the inflationary " expansion of credit, I appreciate your thoughtfulness in sending it to me and I shall certainly read it at the first opportunity. Sincerely^ 5
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