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ALBERT

TERRIEN

CO U N SELLO R A T LAW

O F F IC E 7 7 5

IN D IA N

HEAD

NATL

B A N K B L D G ., R O O M S 2 0 6 - 2 0 8

TELEPHONES




R E S ID E N C E 2 8 1 0

148

NASHUA.

M A IN S T R E E T

NEW

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June *4, 1939»

Mr. ¿tloert Terrien,
Indian Head National oank Building,
1^8 Main Street,
Nashua, New Hampshire.
Dear Mr. Terrien:
I have your letter of June 19 with ref­
erence to my advocacy of reducing interest rates
on FHii loans. The prevailing rate has now become
out of line with money rates generally and should,
I think, be brought down another one-half or one
per cent, but even more important, as you recog­
nise, would be the reduction in the cost of labor
and materials.
I wanted you to know that I appreciated
your interest and encouragement.
Sincerely yours,

M. t>. Eccles,
Chairman.

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