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T H E N A T I O N A L CITY BANK O F C L E V E L A N D CLEVELAND I , O H I O February 12, 1951 SIDNEY B.CONGDON PRESIDENT The Honorable Marriner S. Eccles, Member o f t h e Board o f Governors, Federal Reserve System, Washington, D. C• Dear Mr* Eccles: I n Mr. Gongdonfs absence, I am acknowledging your l e t t e r t o him o f t h e seventh, together w i t h statement by the Department o f Economics o f t h e U n i v e r s i t y of Chicago. I am sure t h a t he w i l l read t h i s w i t h great i n t e r e s t when i t i s brought t o h i s a t t e n t i o n upon h i s r e t u r n . Very t r u l y yours, Secretary t o Mr. Cong&on