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T H E
D E N V E R
D e n v e r ,
C L U B
C o l o r a d o
AUGUST
{MR.
MARRINER
FEDERAL
DEAR
BOARD
D C .
MARRINER:
UPON
TO
1948
ECCLES
RESERVE
WASHINGTON;
9,
YOU
OUR
REFERENCE
BANKERS
READING
THE
ENCLOSURE,
DISCUSSION,
THE
DENVER
TO
YOUR
SESSION,
WE
OCTOBER,
VIEWS
SOON
AGAIN
1944.
AFTER
HAD
YOUR
AS
A
I
CLUB,
EXPRESSED
IN
ROOSEVELT
VIOLENT
CANNOT
JULY,
YOUR
PAPER
HAD
YOUR
BEGUN
RECALLING
THIS
READ
INAUGURATION,
DISCUSSION,
RECOMMENDATIONS
RESIST
1933.
HAD
BEFORE
MARCH
4;
OFFICE,
TO
1933.
OGDEN,
FUNCTION
AT
THAT
T I ME .
OUR
LAST
DISCUSSION
BY W I L S O N
MC C A R T H Y ,
I
UNDER
WAS
THE
CLOSED,
BUT
AGAIN,
DOG.
THEREFORE
WHAT
IT
IN
HELL
HAS
OCTOBER,
BEEN
LETTER
WE
GOING
GOING
THAT
THE
1946,
MARRINER,
THIS
ARE
ON
I
AND
TO
WAY
SUBJECT,
PRINCIPLY
NEVER
NOW?
FOR
MY
F.
FHK/MH
ENCLOSURE
H.
MY
ROBERTS
SPONSORED
THE
INFLATION.
ARGUMENT
KINDEST
GUESS
CENTURIES.
SINCERELY
CLUB
REGARDING
CONSIDERED
ENCLOSURE.
DO
POLO
IS,
REGARDS,
ALL
OVER
This article is protected by copyright and has been removed.
The citation for the original is:
U.S. News & World Report, “Where Is the Boom Heading? Views of Top Officials,” August 6,
1948.
August 2 0 , 19U8.
Dear P r e d t
T o u r l e t t e r o f August 9 would have had a
prompter acknowledgment b u t f o r t h e f a o t t h a t theee
have been v e i y busy t i m e s here*
As you may s u s p e c t , I e n j o y t h e s t i m u l a t i o n
o f argument, p a r t i c u l a r l y f i x m p e r s i s t e n t people l i k e
y o u r s e l f . As you s a y , you have n e v e r c o n s i d e r e d t h e
argument o l o a e d and I suppose i t newer w i l l b e .
As t o what we a r e g o i n g t o do now, t h a t i s
beyond anybody's g i f t o f p r o g n o s t i c a t i o n , c e r t a i n l y
beyond m i n e . D o u b t l e s s we w i l l c o n t i n u e t o f o l l o w t h e
same o l d p a t t e r n o f t h e business c y c l e . The f a c t t h a t
we d o , however, i s no p r o o f t h a t we o o u l d n o t hmvm m
more s t a b l e eeonowy and a v o i d some o f t h e excesses o f
t h e upswing and downturn.
thanks f o r t h e e n c l o s u r e , and w i t h b e s t r e gards,
Sincerely yours,
M r . F . H . Roberts,
t h e Denver Club,
Denver, Colorado.
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