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E S T A B L IS H E D 1921 C able A ddress M IN T H O R N E - N E W Y O R K JL» M lN T H O R N E C o M F lA X Y in c . EX PO R T M ANAGEM EN T FO R M A N U F A C T U R E R S IS MOORE ST R E E T NEW YORK 4» F*. Y . A F F I L IA T E D F IR M S OR R e s id e n t S a le s m e n In : September 29, 1947 LON DON P A R IS BRU SSELS IS T A N B U L BARCELONA Z Ü R IC H STO C K H O LM B U E N O S A IR E S R IO DE J A N E IR O Mr. Marriner S. Eccles Federal Reserve Board Washington, D.C. SA O PAULO M O N T E V ID E O S A N T IA G O HAVANA SA N JU A N M E X IC O C I T Y L IM A CARACAS BOGOTA P A N A M A C IT Y SH AN G H AI S IN G A P O R E B A T A V IA My Dear Mr. Eccles: I was certainly glad to see your statement In the New York Sun calling attention to the fact that the most practical way to b r ing down prices in the United States and at the same time be able to give some help to Europe is by reducing our military expenditures. M A N IL A BOM BAY CALCUTTA AUCKLAND W E L L IN G T O N 'Y D N E Y H AN NESBURG CORRESPONDEN TS IN ALL Although this seems to be simple economics to you and a few others, the general public seems to have been badly misinformed on this subject and I hope that you will continue in your efforts to make these fundamentals clear to the American voter. PARTS O F TH E W O R L D V e r y truly yours, THE L.L. MIM'HORNS C U ,,I N C . LLMjIS D IR E C T L Y OR A M ER IC A N M A N U F A C T U R E R S E X P O R T A S S O C IA T IO N A M E R IC A N C H A M B E R O F CO M M ER C E IN F R A N C E G U A R A N TY THROUGH OUR P R IN C IP A L S WE M A I N T A IN R A D IO M A N U F A C T U R E R S A S S O C IA T IO N N A T IO N A L F O R E IG N T R A D E C O U N C IL , IN C . M E M B E R S H IP IN : A M E R IC A N M A N U F A C T U R E R S F O R E IG N C R E D IT U N D E R W R ITE R S A R G E N T IN E A M E R IC A N C H A M B E R O F C O M M E R C E , IN C . BA N K E R S T R U S T COM PANY N A T IO N A L C IT Y B A N K C H A S E N A T IO N A L B A N K ROYAL BANK O F CANADA O ctob er 1 4 , 1947. Dear Mr. Minthorne: This is to thank you for your very kind letter of September 29 commenting on my recenttalk before the State Bank Supervisors. Since then, I have had some re prints made and it occurred to me that you might possibly care to see the full text, as, of course, the newspaper accounts were necessarily very brief extracts. I greatly appreciate your comments and encourage ment. Sincerely yours, M. S. Eccles, Chairman. Enclosure Mr. Leonard L. Minthorne, President, The Leonard L. Minthorne Company, Inc., 15 Moore Street, New York 4, New York. E T :ra
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