View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

W.RANDOLPH
55

WALL

BURGESS
STREET

N EW YO R K

April 15, 1943.

Dear Marriner:
Thank you for sending us the copy of "Battle Stations
For All."

It is an interesting document with lots of meat in it.
I cannot forbear saying, however, that it seems to me

and to a number of others with whom I talked, open to something
the same objection that you raised with the first draft of my
last report, and which 1 hope we corrected in the final document.
That is| it seems to me, the author has put in it a lot of special
pleading, with which many people will disagree and which prevents
the fullest effectiveness of the document. When public funds are
used for this purpose, it would seem that the document ought to be
absolutely fair.
I won't pick out specific points because I know that you
recognize them just as much as I do.
The recent A. B. A. meeting was all to the good, and
there was, I think, much evidence that the banks are realizing
increasingly the job that has to be done, and are all set to do it,
With best regards,
Sincerely yours,

Honorable Marriner S. Eccles,
Chairman, Board of Governors of the
Federal Reserve System,
Washington, 0. G.




April 19, 19U3-

Dear Bandolph:
Your comments on Battle Stations for All are entirely justified in my opinion. The OWI asked me to transLiit tills document to the member banks and my covering
letter, as you may have noted, emphasised that it traversed
a great deal of highly controversial territory. It was unfortunately marred by speoial pleading in some oases, as you
rightly point out, and has been criticised on that score.
It was, of course, a negotiated document that was submitted
to a great many Government agencies, some of which no doubt
would only approve what are rather one-sided partisan presentations of their pet views.
With best regards,
Sincerely yours,

Dr. W. Randolph Burgess,
55 Wall Street,
Hew York City.

T:b