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W I N T H R O P L . C A R T E R , President • FRANK C. N I C H O L S , Treasurer • JOHN L . B A X T E R .Secretary • D U D L E Y HARMON .Executive Vice-President Maine G u y e . To r r e y , B a r H a r b o r V ice -P res. a n d Sta te C h a ir m a n Jo h n L. B a x t e r A n d r e w j. b e c k W illiam l . B l a k e E d w a r d E. C h a s e '"'a n a c. D o u g l a s s v a r d M. G r a h a m _t e r N. M i n e r w a r d P. R i c k e r , Jr . A r t h u r G. S t a p l e s El l e r t o n W hi tn e y W a l t e r S. W y m a n S e c ’y, A. l . t . C u m m i n g s N ew E ngland C o uncil E C O N O M I C D E V E L O P M E N T AND R E S E A R C H Executive Offices STATLER BUILDING Phone- P. O. BOX 624, P O R TLA N D BOSTON, MA SS .. 9710 •9711 •9712. hancock t NEC New Hampshire November 23, 1936 VICTOR M. CUTTER, N E W LONDON V ice -P re s. a n d Sta te C h a ir m a n D a v i d S. A u s t i n , 2D A. C o o p e r B a l l e n t i n e W illiam a . B a r r o n J. R a l p h G r a h a m E d g a r C. H ir st R o y D. h u n t e r E d m u n d f . Je w e l l Ja m e s C. M a c L e o d Fr e d a . p u t n a m H u n t l e y N. S p a u l d i n g R ichard w .S u l l o w a y S e c y , D o n a l d d . Tu t t l e 17 C A P IT O L S T ., CONCORD Vermont H arold w . M as on , B rattleboro V ice -Pres. a n d State C h a ir m a n F. R. A d a m s Sa m u e l h . B l a c k m e r W illiam f . C o r r y Ed m u n d d e s c h e n e s R a y E. F a r w e l l O lin d . G a y E a r l e S. K i n s l e y M ortimer r .proctor H o w a r d C. R ice W illiam h . W ilson S e c ’y -Treas. p r o c t o r P a g e 162 COLLEG E S T ., B URLING TO N Massachusetts '"HN S. LAWRENCE, BOSTON "c e -P re s. a n d Sta te C h a ir m a n F. A d a m s .✓i l l i a m C. B e l l Jo h n C h a n d l e r W i l l i a m H. C l a f l i n , J r . b . f . C ushing Alfred w . Donovan Ja m e s Ja c k s o n H a l f d a n Lee Arthur b .newhall T h o m a s N e l s o n Pe r k i n s Q uentin R eyno l d s Jo h n j . R o b i n s o n Jo h n f . T i n s l e y Eliot W a d s w o r t h R o b er t W att S inclair w e e k s C harles a . whiting S e c y , R a y m o n d W hite STATLER BLDG., BOSTON Rhode Island P hilip C. W e n t w o r t h , P r o v i d e n c e V ic e -P r e s . a n d Sta te C h a ir m a n H o w a r d V. A l l e n Jo h n c . C o s s e b o o m G e o r g e L. C r o o k e r R o b e r t S. H o l d i n g R o b e r t r . Je n k s H a r r y R. L e w i s A lbert e . noelte W i l b u r L. R ice W i l l i a m P. S h e f f i e l d F r a n k A. S u l l i v a n Ra y m o n d h .trott R i c h a r d B. W a t r o u s P. O. BOX 1337, PROVIDENCE S e c ’y, Connecticut L e s t e r E. S h i p p e e , H a r t f o r d V ic e -P r e s . a n d State C h a ir m a n A l l e r t o n F. B r o o k s S. m c l e a n B u c k i n g h a m Clayton r .Burt C. L. C a m p b e l l ’a n k C. H a t f i e l d T. H o l l i s t e r <e n t H u b b a r d ..ILSON H. LEE H o w a r d Pa l m e r W illard b . Ro g e r s Jo h n f . R o l f e S e c ’y, P . L. G e r e t y F A IR F IE L D Hon. Marriner S. Eccles Chairman of the Board of Governors Federal Reserve System Washington, D. C. My dear Gov. Eccles; In response to your request,through Mr. Bucklin, I am sending you today, under separate cover, by registered mail, all the copies of your address to the Seventh New England Bank Management Conference as received from the stenotypist, and also the stenotype tape on which your remarks were recorded. As you know, it is our plan to publish the entire proceedings of the Conference for distribution to the banks of the New England states. To that end, we shall appreciate it if you will, at your earliest convenience, make such changes in the transcript of your remarks as you desire and return the corrected copy to us for in corporation in the published proceedings* May I add that ever since the hour of your address we have been in daily receipt of requests for copies* We have, of course, responded to all these requests with the statement that no copies would be available until you had placed in our hands corrected and authorized transcript of your remarks. May I take this occasion to express again our thanks for your participation in the proceedings of this year’s New England Bank Management Conference. I am November 27> 1936. Mr. iAidley Harmon, Executive Vie© President, New England Council, Statler Building, Boston, Massachusetts. My dear Mr. Hannon: This is to acknowledge your letter of November 23d and to thank you for sending me the copies of my ex temporaneous talk before the 7th New England Bank Manage ment Conferenc. At the earliest opportunity I shall go over the manuscript. I felt afterward that what I aid was very disjointed and I was not at all satisfied, so that I am not at all certain that these remarks which were intended to be off the record are suitable for publication in any form. However, I shall advise you as promptly as possible. I wish to thank you again for sending me the transcripts as well as the stenotype, and I would appre ciate it if you would convey my thanks also to Mr. °ucklin. I was very glad to have the privilege of appearing before the Conference. My only regret is that my own remarks were not all that I would have wished to have them. Sincerely yours, M. S. Eccles, Chairman. ET:b