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FLORIDA BRICK © TILE CORPORATION Manufacturers ancf D i s f r i b u f o r s BURNED CLAY AND SHALE PRODUCTS J a c k s o n v i l l e , Floricfa June 17th, 1928. My dear Mr. S c c l e s : F i r s t , l e t me express to you my extreme pleasure in having had the opportunity o f seeing and lunching with you in Washirgton the other day, and of conversing witti you upon various subjects which are rather near and dear t o my heart. This morning's newspaper in Jacksonville, the Florida Times Union, brings a UP condensation of your l e t t e r to Senator Vandenberg. You have so c l e a r l y and adequately expressed what, to the minds of a number of us smaller i n d u s t r i a l i s t s in the South i s so very important, namely that o f being able to obtain proper and adequate loans and financial assistance from our banks, that I must perforce add t o the burden of your mail by expressing my appreciation and that, I am sure, of a large number of small business men in our section of the country. I t i s our hope that your quite c l e a r explanat i o n and i t s suggested remedies w i l l reach the eyes and minds o f the proper authorities f o r the c o r r e c t i o n of these things. I t is so profoundly true that small business, which I have and always w i l l argue i s the backbone o f the industrial part o f our nation, cannot a v a i l i t s e l f of the same modus operandi as does large business in the conduct of i t s f i n a n c i a l a f f a i r s , that i t t h e r e f o r e , in my c o i c e p t i o n , must f o l l o w that the most l i b e r a l attitude p o s s i b l e should be permitted to the banks to use t h e i r own d i s c r e t i o n unhampered by i n f l e x i b l e r e s t r i c t i o n s . I t is an unusual s a t i s f a c t i o n t o know that one in high position such as you, has interested himself in the cure o f the problem* With warmest and most c o r d i a l regards, I Very s i n c i r e l y , Marriner S. E c c l e s , 3 s q . , Chairman Federal Eeserve Board, Y/ashington, D. C. ALL AGREEMENTS BASED ON ARC CONTINGENT PUBLtSHEjJ^TApiFF UPON RATES STRIKES. IN EFFECT ACCIDENTS ON THE AND DATE OF OTHER SUCH DELAYS UNAVOIDABLE QUOTATION, A N D OUR MI |L^LLAP^' OR BEYOND OUR RESPONSIBILITY REASONABLE CEASES WHEN CONTROL. ALL QUOTATIONS B I L L OF LADING IS ISSUED, ARE June 27, 1938• Mr* Robert H. Gamble, Florida Brick & Tile Corporation, Jacksonville, Florida. Dear Mr. Gamble: This i s t o thank you for your l e t t e r of June 17th. I greatly enjoyed the opportunity to have luncheon with you when you were in Washington recently and t o discuss subjects which are of mutual interest. Your references t o my letter to Senator Vandenberg are particularly gratifying* I am enclosing a copy of the f u l l text, inasmuch as the newspaper dispatch which you mention was merely a condensation. Now that the agreement has been made public, I think i t w i l l be apparent that some very important and constructive changes have been made affecting the lending and investment policies of the banking system and especially in affording credit f a c i l i t i e s f o r the small and medium-sized businesses which heretofore have been effectively barred from obtaining needed capital from the banks. Your courtesy in writing i s very much appreciated, and I wish to reciprocate most heartily your cordial good wishes. Sincerely yours, M. S. Eccles, Chairman. enclosure ol 0 ^
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