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12 EAST GRAND AVENUE CHICAGO T eleph o n e S u p e r io r 8900 Feb. 22, 1939. Mr. Marriner S. Eccles, Chairman, Board of Governors, Federal Reserve System, \7ashington, D.C. Dear Mr. Ecoles: I wanted you to know that at least one paper in Chicago extended you the courtesy of observing your request to be "off the record.” Cordiall WLA:F t r L. Ayers,' Managing Ed March 1, 1939* Mr. to. L. i-.yers, Managing Editor, Chicago Journal of Commerce, 12 East Grand avenue, Chicago, Illinois. Dear Mr. Ayers: This is to thank you for 7our thoughtful note of February 22, 1939> enclosing the very fairly presented account of my recent "off the record* talk before the Economic Club of Chicago. Had there been time and opportunity, I would have undert&ken at least to prepare a summary for the newspapers, but the arrangements for me to meet with this group were made at the eleventh hour when I was too pressed for time to do this. I prefer not to speak off the record - I realize that it presents a problem for the press because some may not obseive the stipulation. I think they all would do so if they fully understood the situation which sometimes precludes preparation of a formal text for direct quotation. I wanted you to know that I appreciate your attitude. Sincerely yours, M. S. Eccles, Chairman. ET:b
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