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U N I T E D S T A T E S S A V I N G S A N D LOAN L E A G U E
333 NORTH

MICHIGAN A V E N U E

TELEPHONE

CENTRAL 2234

CHICAGO
MORTON B O D F I S H
EXECUTIVE VIC E PRESID ENT

December 23, 19-40

Dear M a rrin er*
A copy o f you r address b e fo r e th e N a tio n a l I n d u s t r ia l Con­
fe r e n c e Board on November 28 came in t o my hands and I read i t w ith a
g r e a t d e a l o f in t e r e s t .
In my o p in io n t h is was a most m a s te rfu l p re­
s e n ta tio n o f th e Im portan t f i s c a l banking and m onetary Issu es fa c in g
•Ihe cou n try today^ and vou have my s in c e r e com pliments on th e g r e a t
.job.
C e r t a in ly no one a p p re c ia te s th e d i f f i c u l t n atu re o f you r r e ­
s p o n s i b i l i t i e s any more than I do, and w h ile we have genuine and whole­
some d if fe r e n c e s o f o p in io n I have a tremendous r e s p e c t f o r you r
a b i l i t i e s and th in k you tak e a c o n s t r u c tiv e and l o g i c a l stand on many
o f th e m atters r e f e r r e d t o in t h is ad dress.
I t i s o n ly by i n t e l l i g e n t
th in k in g and d is c u s s io n b e fo r e im portant groups such as th e N a tio n a l
I n d u s t r ia l C onferen ce Board th a t we can p re s e rv e our American banking
and m onetary system , and I was p le a s ed w ith you r fran k n ess in d is c u s s -

Washington, D. C.







December 28, 1940»

Mr. N orton tfo d fis h ,
E x e c u tiv e V ic e P r e s id e n t,
U n ite d S ta te s S avin gs and Loan League,
333 N orth M ichigan "v e n u e ,
C h icago, I l l i n o i s .
Dear M orton:
Your most generous l e t t e r o f December
23 w ith re g a rd t o my. re c e n t t a l k b e fo r e th e
N a t io n a l..In d u s tr ia l C onferen ce board i s v e r y
much a p p re c ia te d .
I suppose we a l l l i k e t o have a b i t o f
f l a t t e r y now and th e n , and yours i s e s p e c ia lly
g r a t i f y i n g because I have le a rn e d t o re s p e c t your
keenness and a b i l i t y , not o n ly a t such tim e s as we
happened t o be in accord but when we were s h a t te r ­
in g la n c e s .
I am g r a t i f i e d and p le a s e d by your
le tte r .
L e t me take this occasion to extend to
you my very Dest wishes f o r the New Y e a r.
S in c e r e ly you rs,

M.

!T :b

Ic c le s ,
Chairman.