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IRVING M. IVES
NEW Y O R K




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WASHINGTON, D. C.

February 9, 1951

Honorable M. S. Eccles
Board of Governors
Federal Reserve System
Washington 25, D* C.
Dear Governor Eccles:
lour l e t t e r of February 5 i s very
much appreciated. I am especially grateful
for the copy of the statement "The Failure of
Our Present Monetary Policy", which you enclosed* I have set i t aside f o r earliest
possible reading.
Sincerely yours,

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