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December 14, 1936 Honorable M. S. Eccles Board of Governors of the Federal Reserve System Washington, D. C. Dear Marriner: I very much appreciate your sending me the copy of your Boston speech. I have just returned to ray office this morning after an absence of ten days and haven’t yet had time to read it, but I shall, I know, read it with pleasure. I am also in receipt of your letter replying to mine about Mr. Vardeman, and I note your suggestion of possibility of being in St. Louis in the spring. That seems a considerable time away, but of course it will roll around quickly. I have at the present time no plans for coming to Washington, but I should like very much to have a talk with you. I should be glad, of course, to talk to you about the subject you mention, but there are a good many other things that I would be glad to have an opportunity to talk to you about. Next time I am in the East I shall try to get to Washington if at such time you are there and find it convenient to give me a few hours' time. With very best personal regards and wishing you the happiest of Holiday Seasons, I am Very truly your WTNsAS P E T MILK CO M PA NY Q~E~N E R A L SAINT OFFICES ARCA DE LOUI S B U IL D IN G ^ ] MISSOURI December 18, 1936 Honorable H. S. Eccles Board of Governors of the Federal Reserve System Washington, D. C. My dear Marriner: Since acknowledging receipt of your letter of the 10th, with which you enclosed a copy of your talk in Boston, I have read it— and with very great interest. I have read also the articles that have recently appeared about it. The Wall Street Journal, it seemed to me, gave it a good play this morning. I was interested in what may be called the technical part of your speech, but I was more interested in your point of approach and attitude toward the people to whom you were speaking. Without in tending in the least to reflect on others, I just can't refrain from expressing ray very strong conviction that if all government pronounce ments were induced and ended as your speech was on this occasion, it would have a tremendous influence in eliminating the unfortunate at titude of hostility that now so widely exists between business men and the government. In my judgment both sides are much to blame for this state of affairs. It is a most unfortunate one and I am delighted that you make a contribution which tends to modify it. I very much ap preciate your sending me the document. Wishing you a very merry Christmas and a happy New Year, for yourself and family, I am Very truly yours, WTN:AS
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