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R A L P H STEURER PRESIDENT 420 EAST E . S T E U R E R VICE PRESIDENT 149th S T R E E T March 27, 1959 Hon, Marriner S* Bccles, Chairman Federal Reserve Board Washington, D. C. Dear Sir: Your statement of Thursday last to the Senate Silver Committee was in my opinion the most important, constructive and by far the ablest presentation of the economic problem that has come from the pen of anyone, Government official or industrial leader* Special the most National whether On behalf of the socalled "small business man*1 of America (our plant employs about 25 persons) I wish to congratulate you upon your constructive statement, which I hope will have a significant effect on Congress, There can be no doubt of the inherent sincerity and honesty of the vast majority of American political and industrial leadership, and I believe we are fast approaching the condition of team-work among them. Placed as you are in an important strategic position, I am confident that you will continue to exercise your great influence fou the cultivation of this team-work, which ultimately will evaporate the fog of business depression that is now hanging over the country. 3 THE BANKERS DESK DIRECTORY - SINCE 1836 March 31, 1939. Mr. Ralph E. Steurer, Vice President, American Bank Reporter, 420 East 149th Street, New York City. Dear Mr. Steurer: This is to thank you for your letter of March 27 commenting on my recent statement to the Senate Special Silver Committee. I am glad to have your favorable opinion of that statement, and I wanted you to know that I appreciated your interest and your courtesy in writ ing to me. Sincerely yours, M. S. Eccles, Chairman. ET:b ,\ G> S %r *e \
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