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ARTHUR
294S

CLARENDON

S M ITH

M A C O M B S T R E E T , N . W.

W ASH IN G TO N ,

D. C.

December 7, 1938,

Mr, Marriner Ecceles, Chairman,
Federal Reserve Board,
Washington, D.C,
Dear Mr. Ecceles:
Let me congratulate you on the very
wonderful address you gave the Bankers Wednesday,
and as a business man I think your advice : to
the Bankers of the United States was well-timed.
Goodness knows we need more advice such as you
gave at the Bankers Convention.
I believe in good banking, but I
also believe in the bankers being more liberal
in their attitude toward the business men of
America.
Respectfully yours,

ACS:BC







December 8, 1938.

Dear Mr. Smith:
This is to acknowledge receipt of
your very thoughtful note of December 7th with
reference to my recent talk before the New York
Chapter of the American Institute of Banking.
It is encouraging and reassuring to
have favorable comment from men like yourself,
and I appreciate your courtesy in writing.
Sincerely yours,

M. S. Eccles,
Chairman.

Mr. Arthur Clarendon Smith,
¿949 Macomb Street, Northwest,
Washington, D. C.

ET:b