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ASSISTANT SECRETARY OF STATE WASHINGTON May 18, 1938 Dear Governor Ecclesj Thank you very much for the copy of your speech. I was very glad you said exactly what you did. the NEW YORK TIMES. I do not agree with I think these people underestimate the social foroes which are running. If some of our New York friends don't look out, they will prove the thesis of the "capital strike." With kind regards, I am Sincerely yours The Honorable Marriner S. Eccles, Federal Reserve Board.