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25

A p r i l 18, 19U5

Mrs- Kargo E. deVon,
Antlers Hotel,
San Bernardino, C a l i f o r n i a ,
Dear Mrs, deVon:
In response t o your l e t t e r of A p r i l
11, I am enclosing a copy of an explanatory
s t a t e m e n t , from which you w i l l s e e t h a t my p r o p o s a l i n regard t o a s p e c i a l wartime c a p i t a l
gains t a x i s aimed only a t t h e s p e c u l a t o r and
n o t a t t h e l e g i t i m a t e i n v e s t o r . I t would n o t
apply t o any a s s e t s purchased p r i o r t o January
1, o r such o t h e r c u t - o f f d a t e subsequent t h e r e t o as t h e Congress might detenaine i n case t h e
l e g i s l a t i o n were t o be enacted*
Sincerely yours

H. S. Eccles »
Chairman.

Enclosure