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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