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WASHINGTON , D.C November 27, 1936. Dear Mr. Eccles: The Inqulrendo has heard many authorities but I want you to know that no one has been more instructive and Interesting than yourself. The comments among the members, their attendance and attention testify to this. To those of us who have been somewhat skeptical (to put it mildly) about certain innovations, your intelligent and earnest discourse will bear fruit. Please accept our expressions of appreciation Warren W. Grimes President Hon. Marriner C. Eccles, The Federal Reserve Board, Washington, D. C. November 30, 1936 Dear Mr. Grimes; This is to thank you for your very thoughtful note of November 27th and for your kind and generous comments with reference to the talk I gave before the Inquirendo. It is always particularly satisfying to speak before your group because they are so far above the average in intelligence, interest and understanding, and it is especially gratify ing to hear that what I had to say was so well received. I Appreciate your courtesy in writing me. Sincerely yours, M. S. Eccles Chairman Mr. barren 'ft. Grimes, President The Inquirendo Shoreham Building Washington, D. C. ET:r