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U P P E R

D A R B Y

UPPER
OFFICE OF
EXECUTIVE

N A T I O N A L

DARBY,

B A N K

PENNSYLVANIA

THE

VICE-PRESIDENT




January 16, 1950

Mr. Marriner S. Eccles
Board of Governors
Federal Reserve System
Washington, D. C.
Dear Mr. Eccles:
Thank you for sending me a copy of the statement you made "before the Sub-Committee of the
Joint Committee on the Economic Eeport.
I read your statement with a great deal of
interest. I find myself pretty generally in
agreement with your thesis.
I hope the Congress is as courageous in accepting its responsibilities as you were
courageous in your presentation.
Very truly yours

DIE/adz