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T«E WHITE fiOUSE WASHINGTON November 10, 1939* Dear Marriner:Thank you for that mighty interesting memorandum. It will be very helpful to me and without mentioning the source it will be useful to me when I talk about new financing with Morgenthau when he gets back from Arizona. If anything comes up I will surely telephone you and you can come back by plane but it looks to me as if we could wait to talk about financing and the budget until I get back from Warm Springs about November twentyninth. I will be here and at Hyde Park until the twenty-first when I go to Warm Springs for six or seven days. Have a good time and take care of yourself• Always sincerely, Honorable Marriner S. Eccles, Chairman, Federal Reserve System, Washington, D. C.