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Mr. Richard Eastcott,
5020 Fairview Avenue,
Detroit 13, Michigan.
Dear Mr. Eastcott:
Chairman Eccles asked me to thank you f o r your i n teresting l e t t e r of December 6 and suggested that I send you the
enclosed copy of a statement he made in regard to the capital gains
It i s gratifying to have l e t t e r s l i k e yours which r e c ognize the effectiveness of such a tax in curbing speculation and
inflation.
bincerely yours,

E l l i o t t Thurston,
assistant t o the Chairman.

Enclosure

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