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ÖUfp ï r n t io u t i r Club
of i H r a t t
6460 Kercheval Avenue
December 6, 1938
Hon. Marriner S. Eccles, Chairman
Board of Governors
Federal Reserve System
Federal Reserve Building
Washington, D. C.
My dear Chairman Eccles:
Confirming conferences held with Governor Ernest G. Draper
and Mr. Elliott Thurston of your Washington office and executives
of our various Detroit banks, including Mr. Ralph H. Buss, Managing
Director, Detroit Branch, Federal Reserve Bank of Chicago, in behalf
of the Executive Committee and the Board of Directors of The Economic
Club of Detroit, including many Detroiters well known to you, we
desire to extend to you our earnest invitation for you to address
several hundred of Detroit’s most prominent business and professional
men at a mutually satisfactory date on a subject of your own selection
of current economic interest and on which occasion you would be the
only speaker.
In view of the intimate connection between industry and
finance we believe that much would be gained by your coming to Detroit
and having this opportunity to exchange ideas with some of these
men who are contributing so much to the economic life of America,
particularly through the channels of employment provided in the
automotive industry.
Enclosed herewith we hand you a copy of our last annual
"Progress Report" which will give you a better idea of some of the
speakers and their subjects who have thus favored us during the past
year.
The writer recalls with great pleasure your participation
in the program of the American Academy of Political and Social Science
in Philadelphia, on which occasion Lord Josiah Stamp, Director of The
Bank of England, was the guest of honor, the latter having favored us
on two different occasions in a similar capacity here.
Specifically, we would like to arrange such an occasion in
your honor Monday noon, February 13th, and in view of your distin­
guished record in various fields of economic endeavor which is well
known to our members we are confident that if you can see your way
clear to accept our invitation that we will be able to give you a
hearing which you will find very congenial and worthwhile.


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Federal Reserve Bank of St. Louis

/ Very gratefully yours,

Allen B. Crow,
President