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TELEPHONE. NATIONAL 3 3 9 3 THE WALL STREET JOURNAL DOW, JONES A CO., INC.,PUBLISHERS WASHINGTON OFFICE National Press Building Washington, D.C. November 26, 1947 Eon* Marriner S* Eccles - Chairman Federal Reserve Baard Federal Reserve Building Washington, D* C* Dear Sir; You are among hundreds of thousands of persons concerned about the "Nation*s" housing problems* Therefore, I call to your attention the enclosed booklet titled "Housing: puny Giant", a reprint of eight exclusive articles which appeared in The Wall Street Journal beginning October 9, published by DowJones & Company; World's largest business news-gathering organization* I am also enclosing a copy of the editorial page from the Washington Daily News conanenting on this effort to "Do Something About Housing"* These articles headlined - "Billion Dollar Waste Laid to L f or, et Business, politicians" are, forerunners of other studies to appear in forthcoming issues of the paper* These to include, special findings and decisions to be made by Government Departments charged with directing housing and building procedure duping 1948 when The Congress, will no doubt, repeal and anact laws affecting housing* This booklet is the result of facts uncovered by some 40 staff reporters and editors of The Wall Street Journal during a 14 weeks national survey* I trust you find it both interesting and informative regarding present and future questions about: "Why are there too few houses" and "Why do they cost too much"* Incidentally, because of the importance of this subject; if our paper does not reach your busy desk daily and other executives of Federal Reserve Board, would it not be an excellent idea to have our paper reach them whereby they can become better Informed amd prepared for future problemst especially regarding housing and building} Come 1948? It would indeed be extremely gratifying to receive from you an expression as to the merit, or, de~merits, of this sincere endeavor to "Do something about housing". I thank you for your indulgence* December 5, 1947• Mr. Frank L. Blue, Field Staff, The Kail Street Journal, National Press building, Washington 4, D. C. Dear Mr. Blue: This is to acknowledge your letter of November 26 enclosing a copy o - the very interf esting booklet in which you reprinted the articles on housing. The i t l Street Journal c i i s t > this fal oie x office daily. It£ reporting, as evidenced by these excellent* articles, has repeatedly commanded my respect, even though my adniiration does not £xtersd to the editorial page. Sincerely yours, M. S. Eccles, Chairman. ET:b