The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
JOHN L . MC CLELLAN, ARK., CHAIRMAN JOSEPH R . MCCARTHY, W I S . IRVING M . IVES. N . Y . K A R L E. MUNDT, S. DAK. MARGARET CHA8E SMITH. MAINE JAMES O. EASTLAND, MISS. CLYDE R . HOEY, N . C. HERBERT R . O'CONOR, M O . HUBERT H. HUMPHREY, MINN. EDWARD L . LEAHY, R . I. W I L U A M BENTON, CONN. ANDREW F . SCHOEPPEL, KANS. ARTHUR H. VANDENBERG, M,CH. , Q WALTER L . REYNOLDS, CHIEF CLERK j f ^ j j i 4 £ g COMMITTEE ON EXPENDITURES IN THE EXECUTIVE DEPARTMENTS February 16,1951 The Honorable M. S. Ecclee Board of Governors of the Federal Reserve System Washington, D.C. Dear Mr- Eecles: Thank you for sending to me the statement by the Department of Economics of the University of Chicago, entitled "The Failure of the Present Monetary Policy. The issue raised is of paramount importance, I agree with you. I have read the statement and shall reread it, making it part of the basis of my thinking while striving to find the solution to the question raised. Sincerely, iWj^fl m i* r
@FedFRASER