View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.



T A C O M A 1, W A S H I N G T O N



December 30, 1949

Hon. Marriner S. Eccles
Member, Board of Governors
Federal Reserve System
Washington, D. C.
Dear Marriner:
I have read with interest the statement and
supplemental letter which you presented before the
Subcommittee on Monetary, Credit and Fiscal Policies.
It is a very clear and concise presentation
of your views snd I think does correct some misapprehensions that were created by the newspaper publicity
following your appearance.
Coming from one who has devoted such a long time
to these monetary problems, and who has had the years
of experience that you have had, it is an extremely
important expression and is entitled to high respect.
I am glad you sent me a copy and appreciate having
it for my files.
May I take this opportunity of v/ishing you a
very happy New Year and all the best for 1950.
Yours faithfully f




January 25, 1950.

Dear Reno:
I am more than glad to learn from your letter
of December 30 that you had an opportunity tb read my
statements before the Douglas Subcommittee and particularly to have your favorable comment upon it. It is
encouraging that statements of this sort are read and
understood. You will no doubt be interested in reading
the full text of the report of the Subcommittee which will
soon be distributed and which we feel contains a very
sound analysis of the problem v*hich was raised in my testimony.
"With very best regards, I am
Sincerely yours,

M. S. Eccles.

Mr. Reno Odlin, President,
The Puget Sound National Bank,
Tacoma 1, Washington.