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T H E A S S IS T A N T S E C R E T A R Y O F C O M M ERC E W ASHINGTON Jan u ary 2 9 , 1 9 3 7 . My dear Governor: Just one more word of appreciation for your speech before the Business Advisory Council at the luncheon today. Everywhere I heard exceptionally favorable comments about your remarks. It was an educational process which will go much further than may appear on the surface, and I want to tell you how much we all appreciate the clarity with which you presented the subjects discussed. With best wishes, believe me YougC cordially, Ernest G.^Draper, Assistant Secretary of Commerce. Mr. Marriner S. Eccles, Governor, Federal Reserve Bank Board, Washington, D. C.