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J C. H amm ohn M E M B E R S T A T E B A R OF C A L I F O R N I A T e m ih ie . C it y . C a l if o r n ia November 2 8 , 1939 Honorable Marriner Eccles, Federal Reserve Board, Washington, D. C. Dear Governor Iccle#: I was much pleased with the emphasis you laid on your ideas of the basis need for restoration of prosperity, in your address to the bankers at St. Louis, There isn’t any doubt that the method suggested in your letter to me of August 10th last offers the correct solution. I am so impressed with this that I have taken the lib erty of addressing aletter to Ur. Paul V. McNutt, asking himto call on you in relation thereto. I sincerely hope he will do so. Herewith inclosed a carbon copy of the letter for your information. The cause of democracy in America is becoming desper ate. I know you are fright, and through the avenue suggested by you lies salvation. Eovember 2o, 1939, H o n o r a b l e P a u l V. McHutt, focial S e c u r i t y / d m i n i s t r a t o r , W a s h ington, D. 0. D e a r Mr. MeHutt: It tot cornea more evident e v e r y G a y $rhat $rou are the leading candidate, next to the President in case he elects to be a c a n d i d a t e , for the d e m o c r a t i c n o m i n a t i o n next Spring. I fuel that you will not d i sdain a s u g g e s t i o n f r o m an old Dem o c r a t who has bee n in active touch w ith the social, economic, p r o f e s s i o n a l and political life of our c o u n t r y for si x t y yis«rs. There is one m a n of pro m i n e n c e connected with the E x ec u tive or&nch of the present a a m i n i s t r a t i o n who has caught the v i s i o n of & s o l ut io n for salvation of d e mo cr ac y in A m e r i c a , s a l v a t i o n froa. a fascist O l i g a r c h y thtt is fast d is pl ac in g the tenets and me tnvcs of democracy. Governors Thut »fan is M a rri ne r Eccies, C h ai rm an of the federal Reserve System. of the Bo ar d of a i l you net yit down with h i m and talk que st i on of social security? ill you not get the of the basic n«ed for re -e st a b l is hi ng prosperity, American homes and firesides, and saving .American through this v i s i on he has American ideals, democracy? And 'hen you have done so, and have adopted his ideal s of a p r o s p e r i t y based upon the produ ct io n ana consumption of ¿.ALTH, instead of a continued and futile attempt at resto ra ti on oased on DEBT, you will have struck such a responsive chord in the pe op le as will c ar ry you t r i u m p h a n t l y into the hite Ho use, where, with M a r r i n e r Ec cl es as your S e c r e t a r y of the Tr ea s u r y , you will be h- iled as the Grei t K m & n c i p a t o r of the age. The *my is plain. The p at h is clear. The po pulace ea g e r for such a leader, ¿inter in. H o p e f u l l y and sincerely, Judge H a n . are December 11, 1939* Dear Judge Ham: This is to thank you i“ your letter of or November 28 with regard to my recent address in St. Louis. I was, of course, interested to hâve the copy of your letter to the Social Security Admin istrator. I wanted you to know that I appreciate your encouragement and interest. Sincerely yours, M. S. üccles, Chairman. Judge John C. Hamm, Temple City, California. !T:b
