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LExington 2-7900 Officers • • • President H . P a r k e r R eader Cannon Mills, Inc. First Vice-President L. D . D u n c a n N e w Y o r k C r e d it M en s A ssociation AFFILIATED WITH THE NATIONAL ASSOCIATION OF CREDIT MEN National Distillers Products Corp. Vice-President F. J. O’ Con n o r H. A. Caesar dk Co. 354 FOURTH AVENUE i l S l r a f iM NEW YORK 10, N. Y. Vice-President F. W . Z a n d e r O R G A N IZ E D 1 « » S United States Plywood Corp. Vice-President It. G. W ood b u ry Textile Banking Co. December 10, 1948 Treasurer W. E. Jr . M oon, Otis Elevator Co. Executive Manager and Secretary J. Davis M o r tim e r Assistant Secretary R. B a rre tt Tanner Board of Directors • . . D avid V . A u s t in Governor Marriner S. Eccles Federal Reserve Board Washington 25, D. C* Dear Hr. Eccles: Manufacturers Trust Co. John J. B urke Celanese Corporation of America A . L. Carr National Surety Corp. L o u is D k B a u n Westinghouse Electric Supply Co. L . H . D e V r is s McCampbell dc Company R. W illia m Dunn General Foods Corp. W illia m F. E g e l h o f b r Henry Glass Co. N a sh S. E ld rid g b Ames Textile Corp. E arl N. F e lio Colgate-Palmolive-Peet Co. B. D ix o n We are extremely pleased to learn from our President, Mr. H. Parker Reader of Cannon Mills, Inc., that you have accepted the Invitation of our Association to be the principal speaker at the Fifty-Fourth Annual Meeting and Banquet which will be held at the Hotel Astor, New York City, on the night of February 17, 1949. G r isw o ld For your information sit on the dais, and occasion, gather for and the doors of the about 6:30 p.*. and guidance, the guests of honor who will who usually wear dinnerclothar for thi_a an infornaT receptionat about 6:15 p.m., banquet hall are open to our ambers at McCann-Erickson, Inc. J. S t a n l e y G ro ss Alexander S. Gross dk Bro., Inc. C h a r le s A . J o h n so n American Steel dt Wire Co. M iss M a rio n E. K in g Hudnut Sales Co., Inc. T. H. K le in ® There will be only one other speaker who will follow you, and his subject will be either on thehumorous or human interest side. The balance of the program will consist of Introductions and a few necessary announcements. These annual meetings usually end about 9:45 p.a. HUo Tarnish Corp. C. j. Lynch Pacific Coast Borax Co. R ic h a r d E . M cC orm ick William Iselin & Co. C. A . M a g u ire Francis II. Leggett dk Company R obert B. M a tth e w s John P. Maguire dk Co., Inc. A . Jam es M i l l Mill F<ictors Corp. B. P . S c h o e n fe in The Public National Bank & Trust Co. A. J. S m ith J. P. Stevens dt Co. Inc. R obert L . S tollbeb g Southeastern Cottons, Inc. J erome A . T h ir s k Central Hanover Bank dt Trust Co. C. We understand from Mr. Reader that you prefer to withhold the \ selection of a title or subject for the present time, but we hope that as soon as you make this decision you will advise us so that we can include that title in the announcement of the banquet which will go forward to our membership on or about the tenth of January and which will also be included in the printed program which we prepare for distribution on the night of the dinner. T . W OLFF Gulf Oil Corp. E a rl N. F e lio NACM Direstor and Councillor G e &d b s & M o n t g o m e r y Counsel Based on past experience, attendance should run somewhere between 1200 and 1500, comprising both men and women who are connected with the credit and financial departments of commercial organiza tions and banks In this area. Our commercial members are engaged to a very large extent in manufacturing and wholesaling operations. Governor Marriner S. Eccles We have usually banquet advance - 2 - December 10, 1948 no doubt that the press will be present in good numbers, as it is, and they will probably contact us or you upon receipt of the announcement, asking that they be furnished, if possible, with copies of your talk. We note from a communication which you sent to President Reader dated December 8th. that you prefer your remarks to be "off the record." We will advise the press accordingly if they contact us. Should they gain admittance to the banquet hall, ve presume that you will precedeyour remarks by asking that they make no report of your talk, and ve will do everything on our end along similar lines. On the other hand, if later you decide that you are willing to give the press a copy or summation, you can advise us of this fact. For the announcement which will go to our members, it would be greatly appreciated if we could obtain from you a glossy print photograph of yourself. This should reach us, if possible, ty the end of the present month when we will be preparing our announcement. Would you be good enough also to have your secretary furnish us with a biographical sketch or some background material about yourself, which we will also use in our announcement to the membership. We hope you will not be too modest about this feature and give us as much information concerning your accomplishments, assignments which you have handled, etc., as you can. While we know we can obtain this material from public sources, we would prefer to have it from you and in a manner which you would want it used. Please tell us the exact maimer in which we should carry your name in our announcements and program, especially with respect to the title of the position or positions which you hold at the present time. , I We note also in your communication to President Reader that you will take care of your own hotel reservation, but that you will advise us to the con trary if you change your mind in this respect. We shall be glad to make any accommodations you desire at a hotel of your preference here, but will not do so until and unless we hear from you. As to the time you will consume for your address, we naturally place no limitation and if we may be so bold as to make the suggestion, we assume that you will require not less than 30 minutes, or perhaps as much as 45 minutes? We ask this question merely because of the time schedule which we usually prepare for our guidance and that of the toastmaster in conducting the banquet. Thanking you for accepting our invitation and looking forward to a very pleasant and interesting evening, we are MTS/jc MORHMHt J. DAVIS Executive Manager December 20, 1948. Mr. Mortimer J. Davis, Executive Manager, New York Credit Men's Association, 354 Fourth Avenue, New York 10, New York. Dear Mr. ^aviss Mr. Eccles intended to communicate with you directly before leaving to spend, the holidays in the nest but in the rush, of getting away he asked if I would com municate with you to transmit the attached biographical mate rial. One statement is from Vitoo*s lAiho and the other is an introduction when he spoke before the Executives' Club in Chicago last September. I hope that this will be of some use to you. I am also enclosing the glossy print of a photograph which you reque&t. We would appreciate the return of this print when it has served its purpose. As Mr. Eccles wanted to speak off .the record he preferred to have as little publicity as possible, of course. Sincerely yours, Elliott 'fhurston, Assistant to the Board. Enclosures 3 ET:mnm Introduction of M&rriner *-*. Eccies at Meeting o1 Executives' ^iuo in Chicago, Friday, September 17, 194-8. "PRESIDENT COhbETT: Seldom is it pnysically possible to secure tne exa.ct timing oi‘ a national issue and a national figure so tnoroughly identified with tnat issue at the exact moment of one of our meetings as we nave succeeded in achieving today. "■Lniiation is the great American headacne of tne moment. In all sec tions of our land from the Chairman of the ooard of our largest corporation Qov»n to tne housewife witn ner market basket, inflation is tightening its clammy h an d on our economy in a firm, strangling grip. "»»e are not panicKy— «e are not overly fearful— out we ure searcning diligently and hopefuli-y ior an inflation cure. "Mr. Marriner Eccles was for twelve years chairman of the £0c*rd of the federal heserve System and during tnat period instituted and directed a large part of tne monetary policy of the nation. "Mr. Eccies has managed to Keep a remancable sense of balance through one of the dizziest rides on tne Washington Merry-uo-^ound that any ^uDlic servant ever endured. This particular mariner indeed has had a rough voyage on the Potomac. "un several occasions, Mr. Eccies has shown a rare type of political courage by publicly attaching anti-inflation programs proposed oy fresident Truman. This, of course, is not the way to win friends and influence people inside of any administration. "as a result, ^resident Truman replaced *r. Eccles with Thomas i*c^at>e as Cnairman of tne federal Reserve soard. but Marriner Eccies, in a move that only a really oig man could nave made, agreed to stay on. "Mr. Eccies hails from Utah where instead of having <c& wives, he owned 4cb oanKs and a wnole string of sugar, iumoer and construction companies. "Marriner Eccles is a rare puoiic servant; he owes no allegiance to anyone— he only wants to serve. He sticks to nis own sincere Belief's and lets the chips fall where tney may. "Few men are more acutely amare of our economic danger signals than our speaker tooay. uentlemen— Mr. Marriner S. Eccies.1'
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