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ernardino tteoefream Otogtamtí® UCöög A P K l ö i345 goeiegtUK>7wcm»Di •tü* 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