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COUNCIL

OFFICERS
BROADUS MITCHELL
PRESIDENT

COLSTON E .

WARNE

VICE-PRESIDENT

BENJAMIN
EXECUTIVE

C.

MARSH

SECRETARY

B O A R D OF DIRECTORS
ETHEL CLYDE
HAROLD U. FAULKNER
HARRY W . LAIDLER
BENJAMIN C. MARSH
FRANCIS J. MCCONNELL
BROADUS MITCHELL
COLSTON E. W A R N E

THE PEOPLE'S LOBBY
Incorporated

TO FIGHT FOR THE PEOPLE
ROOM 3 1 ~ 8 F O F STREET, N .
WASHINGTON

4,

TELEPHONE DISTRICT

D.

W.

C.

0272

HARRY E. BARNES
JOHN BAUER
ERNEST R. CHAMBERLAIN
JEROME DAVIS
HENRY PRATT FAIRCH1LD
IRVING H. FLAMM
KATE CRANE GARTZ
JAMES P. GRAHAM
FLORENCE C. HANSON
ANN ARNOLD HEDGEMANN
E. C. LINDEMAN
DONALD G. LOTHROP
E. A. ROSS
CHARLES 8. SEELY

January 19,1950

Hon Marriner S Eccles,
Federal Reserve Board
Washington 25, D # C #
Dear Mr Eccles
The American people are greatly indebted to you for your courageous efforts to
stop inflation by control of consumer and commercial credit, through the Federal
Reserve Board.
Sen Douglas* Committee on Money, Credit and Fiscal Policies, fortunately accepted
your viewpoint, as sound statesmanship.
For eighteen years, with two exceptions, we have been passing the buck to Providence and the bill to ppsterity.
That is enough for this century, at least, if America is to be the worldfs light
house, and not bug house.
You may be interested in enclosed leaflet on the Consumers1 Program.




Y^urs sincerely




January 25, 1950.

Mr. Benjamin C# Marsh,
Executive Secretary,
The People's Lobby,
810 F Street, U. 1.,
Tvashington 4, D. C.
Dear Mr. Marsh:
Thank you very much for your very kindly
comment upon the expression of my viewpoint before
the Douglas Subcommittee on Money, Credit and Fiscal Policies. I am glad to know your favorable
opinion of the report of the Committee which naturally we have welcomed as evidencing sound conclusions on the part of a very important legislative
group.
Sincerely yours,

M. S. Eccles.

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