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A merican F ederation or L abor Executive Council President, W il l ia m Gkekn Secretary-Treasurer, G e o r g e M e a n t LONG DISTANCE TELEPHONE NATIONAL 3870-1-2-3-4 CABLE ADDRESS AFEL. A . F. of L. Building, Washington, D. C. Seventh Vice-President, H a r r y C. B a t e s , First Vice-President, W i l l i a m L . H u t c h e s o n , 815 Fifteenth St., N . W ., Washington, D . C. Carpenters' Bldg., Indianapolis, Ind. Eighth Vice-President, W . D . M a h o n , Second Vice-President, M a t t h e w W o l l , 2527 Jackson St., P. O. Box 817, Hollywood, Fla. 570 Lexington Ave., N ew York, N . Y . Ninth Vice-President, F e l i x H. K n i g h t , Third Vice-President, J o s e p h N . W e b e r , 400-403 Carmen’s Bldg., Kansas City, Mo. 621 Alta Drive, Beverly Hills, Los Angeles, Calif. Tenth Vice-President, E d w a r d F l o b e , Fourth Vice-President, G. M . B u g n ia z e t , 422 Sidway Building, Buffalo, N . Y . 1200 Fifteenth St. N . W ., Washington, D. C. Eleventh Vice-President, H a r v e y W . B r o w n , Fifth Vice-President, G e o . M. H a r r is o n , Machinists’ Bldg., Washington, D. C. Railway Clerks’ Bldg., Cincinnati, O. Twelfth Vice-President, W . C. B i r t h r ig h t , Sixth Vice-President, D a n i e l J . T o b i n , Delaware at Twelfth Street, Indianapolis, Ind. 222 East Michigan St., Indianapolis, Ind. Thirteenth Vice-President, W . C. D o h e r t y , 408 A . F. o f L. Bldg., Washington, D. C. f, £2). December 2, 1944 Mr. M. S. Eccles, Director, Board of G-ovenors of the Federal Reserve System, Washington 25 D. C. Dear Sir: President Green is in New Orleans, La., where he attended the Sixty-Fourth Annual Convention of the American Federation of Labor. Your letter dated November 24th with enclosure will be brought to his attention upon his return to Washington, Very truly yours, A. E. HAWKINS H A merican F ederation or L abor Executive Council LONG DISTANCE TELEPHONE NATIONAL 3870-1-2-3-4 CABLE ADDRESS AFEL. President, WnxiAM G b s s n Seeretary-Treasorer, G bobob H U X X A. F. of L. Building, Washington, D. C. Seventh Vlce-Preeident. B ittT C. B ifM , First Vice-President, WnJJAM L. H utcheson , 816 Fifteenth St.. N. W., Washington D. G. Carpenters' Bldg., Indianapolis, Ind. Eighth Vice-President, W . D. M a h o n , Second Vice-President, Matthew WotX, 2627 Jackson St., P. O. Bos 817, Hollywood, Fla. 670 liertigtwi Ava., New Y ak, N. Y. Ninth Vice-President, F blxx H. K night , Third Vice-President, J oseph N. W bbbb , 400-403 Carmen's Bldg., Kansas City, Mo. 621 Alta Drive, Beverly Hills, Los Angeles, Calif. Tenth Vice-President, E d w a b d F lobb , Fourth Vice-President, 6. M. B ugn iazbt , 422 Sidway Building, Bnffalo, N. Y. 1200 Fifteenth St. N. W., Washington, D. C. Eleventh Vice-President, H ab v b t W . B bow N, Fifth Vice-President, 680 . M. H abriso n . Machinists' Bldg., Washington, D. C. Railway Clerks' Bldg., Cincinnati, O. Twelfth Vice-President, W. C. B ibthkight , Sixth Vice-President, D a n ie l J. Tobin , Delaware at Twelfth Street, Indianapolis, Ind. 222 East Michigan St., Indianapolis, Ind. Thirteenth Vice-President, W. C. DoasBffT, 408 A. F. of L. Bldg., Washington, D. C December 13» 1944 Mr. M. S. Ecoles, Chairman Board of Governors of the Federal Reserve System Washington 25, D. C. Dear Mr. Ecoles: I thank you for the copy of the address which you delivered before the National Industrial Conference Board in New York recently and for your letter dated November 24 th. I read the copy of the address which you sent me with very deep interest. After doing so I am influenced to write you and commend you upon the preparation and character of said address. Your advocacy of full and stable national production; maximum income and employment; expansion of private enterprise; maintenance of health stan dards, education, and personal security for all members of the community; promotion of a high level of world prosperity and world trade is based upon a sound, unassailable economic policy. The estab lishment of the highest degree of personal effi ciency among workers and industry and the application of a balanced economy which will provide for the establishment of a buying power through the payment of wages and the distribution of dividends which will balance with our facilities of production is essential to the establishment and maintenance of prosperity. You emphasized all of these phases of a sound national economy in the address, which you delivered and which you brought to my attention, in a most convincing way. American Federation of! Labor November 2k, lS&U* Mr. William Green, President, American Federation of Labor, American Federation of Labor Building, Washington, D. C. Dear Ur. Green: I amtaking the liberty of enclosing a copy of a talk I gave the other night before the National Industrial Conference Board in Hew York. While I do not want to impose upon your time, it would be most helpful to me to have any comment that you or your immediate economic assistants might be willing to give me in regard to the gen eral policy laid down in this speech, particularly in relation to labor questions in the intermediate and longer-range postwar periods. While my own responsibility is confined chiefly to banking and monetary matters, they are an essential part of any comprehensive program after the war, and I cannot discuss such a program without trying to interrelate the various problems, not the least of which are those affecting the field of labor. Because of your position of leadership in this field, I felt that you might be interested in see ing the attached and disposed to give me the benefit of your views on the general approach I have taken. With best regards, Sincerely yours. tf. S. Eccles, Chai rman. Enclosure
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