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W ORKS PR O G R E SS ADMINISTRATION W A LK E R -JO H N SO N BUILDING H A R R Y L . H O P K IN S 1 7 3 4 N EW Y O R K A V E N U E NW . W A S H IN G T O N . D. C . A D M IN I S T R A T O R November 22, 1935 Honorable Marriner S. Eccles Chairman, Federal Reserve Board Washington, D. C. Dear Mr. Eccles: In Sir. Hopkins' absence from Washington, I wish to acknowledge receipt of your letter of November 20 and the copy of your address before the American Bankers* Association convention in New Orleans, which I shall turn over to him immediately upon his return. I kno?i that he will be very much interested in reading what you had to say. Very sincerely yours, 99 WAUL S T R E E T NEW Y O R K November twenty-second 1 9 3 5 Mr. Marriner Eccles, Chairman of Federal Reserve Board, W a s h i n g t o n , D. C. Dear Marriner: Many thanks for your note of the twentieth, with the enclosure of a correct report of your speech recently made in New Orleans, which I shall read with much interest. I have heard nothing as yet from Claude With best regards, I am Sincerely yours V D. C. G R A Y B E R T E. CO O K W. B. V A N L A N D ING HAM a n l a k d in g h a m R. C. C L A R K -C o o k L u m b e r C o . Y E L L O W P IN E OAK AND M APLE AND F L O O R IN G W EST C O A ST PR O D U C T S T e le p h o n e R a n d o lp h 2309 1 9 SO U T H L A S A L L E S T R E E T CHICAGO November 25th, 1935. Mr. Marriner C. Ecoles, Chairman, Federal Reserve Board, Washington, D.C. My Dear Mr. Eccles:I want to thank you for yours of the 21st enclosing copy of your address before thé American Bankers Association Convention in New Orleans on Nov.14th. I want to take this home and give it considerable study, for while it been many years since my banking experience, tried to keep in pretty close touch with the situation of the world, and get a great deal out of it. with me has I have financial of pleasure I have been carrying on some little correspondence with Mr. J . M . Nichols, President of the First National Bank of Englewood, Chicago, and the Chicago American ana Chicago Tribune have carried on their financial pages some references to this corres pondence. In my opinion had we had someone as Chairman of the Federal Reserve Board of your views and caliber in 1928 and 1929, the world would have been saved the depression, which is acknowledged to be one of the largest and most severe in the history of the financial world. It might interest you to know that for the past two months the companies with which I am associated have had the best lumber business in their history, and I am crediting this to the good work being done by the present Administration, including the Federal Reserve Board of which you are head* Yours very truly, - fi , ■ 'J' - ' ’J a ¡y wTBTtiraDlfGSO 11 Tr e a s u r y D e p a r t m e n t O ffic e o f t h e S e c r e t a r y W a sh in g to n Uove:;iuer 25, 1935 My dear Mr. Eccles: There lias just come to my desk for the Secretary your note of November 23rd, enclosing a copy of a statement released to the .press by you on November 22nd. Mr. Morgenthau is away from the office today but as soon as he returns I shall be glad to call this to his attention. Sii Private Secretary. Hon. Marriner S. Eccles, Chairman, Federal Reserve Board Washington Building, Washington, D. C. CARTE, ■>1-ASS, V A ., CHAIRMAN KENNETH MC KELLAR,“ ENN. FREDERICK HALE, MAINE ROYAL- S . COPELAND, N . Y . HENRY W . KEYES, N . H . CARL. HAYDEN, AR IZ. GERALD P. NYE, N . DAK. ELMER THOMAS, OKLA. FREDERICK STEIW ER, OREG. JAMES F . BYRNES, S . C . PETER NORBECK, S . DAK. MILLARD E . TYDINGS, M D . L . J. DICKINSON, IOWA RICHARD B . RUSSELL, J R ., GA. JOHN G . TOWNSEND, J R ., DEL. \RCUS A . COOLIDGE, M A S S . ROBERT D . CAREY, W YO. /A B . AD AM S, COLO. .TRICK MC CARRAN, NEV. JOHN H.OVERTON, L A. JOHN H . BANKHEAD, ALA. JOSEPH C . O* MAHONEY, W YO . WILLIAM GIBBS MCADOO, CALIF. HARRY S . TRUM AN, MO. mCniícíl JUbíctie»J£>enctie COM M ITTEE ON APPROPRIATIONS November 25, 1935 KENNEDY F . REA, CLERK JOHN W . R . SM ITH , ASST . CLERK Jty dear Mr. Chairman: In the absence of Senator McAdoo, I am taking the liberty of acknowledging receipt of your letter of November 22nd with •which you enclosed a stenographic trans cript of the speech -which you delivered be fore the American Bankers Association at New Orleans. I have taken pleasure in forward ing your letter and enclosure to the Senator at Los Angeles. Sincerely yours, Secretary to SenatorHcAdoo Honorable M. S. Eccles, Chairman Federal Reserve Board Washington, D. C. ALVA 1 P^DAMS, COLO., CHAIRMAN MORRIS SHEPPARD, T E X . KEY PITTMAN, NEV. HENRY F . ASHURST, ARIZ. JOHN H. BANKHEAD, ALA. JAMES P. POPE, IDAHO PATRICK MC CARRAN, NEV. JOHN H. OVERTON, LA. 'R L A . HATCH, N . M EX. EPH C . O’ MAHONEY, WYO. jVARD r . BURKE, NEBR. R. W. CHARLES L . MC NARY, OREO. HIRAM W . JOHNSON, CALIF. JOHN <3. TOWNSEND, JR ., DEL. ROBERT D . CAREY, WYO. BRONSON CUTTING, N. MEX. C O M M IT T E E ON IR R IG A T IO N A N D R E C L A M A T IO N C A M A L IE R , C L E R K November 25, 1935. Honorable Marriner S. Eccles, Chairman, Federal Reserve Board, Washington, D. C. My dear Mr. Eccles: Permit me to acknowledge with appreciation the enclosures contained in your letter of November 22nd addressed to Senator Alva B. Adams of Colorado. The Senator is now in Colorado, but I sun sure he will be highly interested in the remarks which you made before the American Bankers Association in New Orleans on November 14th, 1935. MILLf&D E. TYDINGS, M D„ CHAIRMAN KEY PITTMAN, NEV. GERALD P. NYE, N. DAK. CARL HAYDEN, ARIZ. JESSE H. METCALF, R . 1. WILLIAM H. KING, UTAH ARTHUR H. VANDENBERG, MICH JOSEPH T . ROBINSON, ARK. CHARLES L. M CN ARY, OREG. BENNETT CHAMP CLARK, MO. ERNEST W . GIBSON, VT. ROBERT R. REYNOLDS, N. C. HOMER T . BONE, WASH. KENNETH MC KELLAR, TENN. VILLI AM GIBBS MC ADOO, CALIF. lURTON K . WHEELER, MONT. PETER G . GERRY, R . I. 'HICroieb J£>ictie& fie n a ie C O M M IT T E E ON T E R R IT O R IE S A N D IN S U L A R A F F A IR S M ISS CORINNE BARGER, CLERK IN R E P L Y P LEA SE R EFER TO D ATE O F T H IS L E T T E R November 25, 1935 Hon. M. S. Eccles, Chairman Federal Reserve Board, Washington, D. C, Mv dear Mr. Chairmans Your favor of the 22nd instant addressed to Senator Reynolds and enclosing stenographic transcipt of the speech which you delivered before the American Bankers Asso ciation at Hew Orleans has been received. I am today placing the copy of your speech on Senator Reynolds’ desk for his personal attention when he returns to the office from the Philippines. With sentiments of the highest esteem, I am, 1/moh JOE T. ROBINSON, CHAIRMAN QICnHeb Pietiesi Jfoenaie C O N F E R E N C E O F T H E M A JO R IT Y November 35, 1935. Mr. M. S. Eccles, Chairman, Federal Reserve Board, Washington, D. C. Dear Mr. Eccles: Permit me to acknowledge for Senator Robinson in his absence your communication of November 21st enclosing stenographic report of your address de livered before the American Bankers Association at New Orleans. Senator Robinson will appreciate your courtesy, and I shall bring its subject matter to his attention at the first opportunity. PAT HARKISON, M IS S ., CHAIRMAN WILLIAM H . KING, UTAH JAMES COUZENS, MICH. WALTER F . GEORGE, GA. HENRY W . KEYES, N . H. DAVID I. W ALSH , M A SS. ROBERT M . LA FOLLETTTE, J R ., W IS . ALBEN W . BARKLEY, K Y . JESSE H . METCALF, R . I. TOM CONNALLY, T E X . DANIEL O. HASTINGS, DEL. THOMAS P. GORE, OKLA. ARTHUR CAPPER, KANS. EDWARD P. COSTIGAN, COLO. JOSIAH W . BAILEY, N . C . ENNETT CHAMP CLARK, MO. ARRY FLOOD BYRD, VA. AUGUSTINE LONERGAN, CONN. HUGO L . BLACK, ALA. PETER G . GERRY, R. I. JOSEPH F . GUFFEY, PA. '3ICmie& & Î Q À & & Æ m a i c C O M M IT T E E O N F IN A N C E FELTON M . JOHNSTON, CLERK November 25, 1935 Honorable M. S. Eccles, Chairman Federal Reserve Board Washington, D. C. Dear Mr. Eccles: Senator Harrison is in Mississippi at this time. He expects to return to Washington within the next few weeks, at which time I shall be glad to bring to his attention your letter of Nov ember 21, enclosing a copy of the stenographic transcript of your address before the American Bankers Association Convention at New Orleans last week. The Senator will appreciate your thoughtfulness in sending this copy to him. Sincerely yours, F. M//JOHNSTON, c l e r k 1/ L E W IS AND GRANT AT TO « NIEVS AND COUNSELLORS FIRST NATIONAL. AT LAW BANK BUILDINQ DENVER,COLORADO MASON A. L E W IS JAMES B . GRANT ROBERT L. ST EA R N S F- W. SANBORN, J R . IRVING HALE,OR. J . R. HARRIS November 26, 1935. Hon. Karriner S. Socles, Chairman, Federal Reserve Board, 7/ashington Building, Washington, D.C. Dear Marriner: Your very kind letter of November 20th, enclos ing a copy of your address before the American Bankers Association, has just arrived, and I appreciate receiv ing it very much. I shall look forward to reading it on the train, as I am leaving for Hew York this afternoon. With best wishes, I remain g ¿nr* 4-1 ro l \r D EM O C RA TIC N A T IO N A L C O M M IT T E E NATIONAL P R E S S BUILDING W ASHINGTON H A R L E S M I C H E L S O N D IR EC T O R OF PU BLICITY November 26, 1935 Honorable Elliott Thurston Special Assistant to the Chairman Federal Reserve Board Washington, D. G. Dear Mr. Thurston: Mr# MicheIson is on the Pacifio Coast for a little vacation and I want to acknowledge and thank you on his behalf for your letter and the speeches which you enolosed. We will, of course, make good use of that speech» With best regards, I am Yours sincerely, Secretary PET [ M ILK C O M P A N Y O ENgR Al SAINT OFFICES LOUIS ARCADE BUILDtNO | M I S S O U R I November 26, 1935 Honorable Marrlner S. Eccles Federal Reserve Board Washington, D. C. My dear Marriner: I very much appreciate your sending me the stenographic transcript of your talk before the Bankers Association meeting. I have read it with very great interest. I have two main impressions about its First, that it is a very strong statement about most important mat ters; and, second, that there is in it all the way through the frank sort of man-to-man attitude which is much to be desired and admired. If there were more of such straightforward, friendly frankness in the analysis of conditions and exposition of purposes and accomplish ment, we would, I think, have much less of suspicion and misunderstand ing and fear than exists at the present time. I was particularly regretful of the situation that brought about what looked like a slap at you in the election of one of the officers. It’s too bad that the work of an intelligent and industrious public official, and the activities of a great association, should be com plicated ty the personal venom of one man. Assuring you again that I greatly appreciate your sending me the copy, I am Very truly yours, WTNiAS CARTER L ASS, V A ., CHAIRMAN KENNETH MC KEULAR,* ENN. FREDERICK HALE, MAINE ROYAL S . COPELAND, N . Y . HENRY W . KEYES, N . H. CARL HAYDEN, AR IZ. GERALD P . NYE, N . DAK. ELMER THOMAS, OKLA. FREDERICK STEIW ER, OREG. JAMES F . BYRNES, S . C . PETER NORBECK, S . DAK. MILLARD E . TYDINGS, M D . L . J. DICKINSON, IOWA RICHARD B . RUSSELL, J R ., G A. JOHN G . TOWNSEND, JR ., DEL. MARCUS A . COOLIDGE, M A SS. ROBERT D . CAREY, W YO . ALVA B . AD AM S, COLO. PATRICK MC CARRAN, NEV. ”)HN H. OVERTON, LA. OHN H. BANKHEAD, ALA. JOSEPH C . O’ MAHONEY, W YO. WILLIAM GIBBS MCADOO, CALIF. HARRY S , TRUMAN, MO. QiCnHeb /Smoic C O M M IT T E E O N A P P R O P R IA T IO N S November 26, 1935. KENNEDY F . REA, CLERK JOHN W . R . SMITH, A SST . CLERK Honorable M. S.Eccles, Chairman, Federal Reserve Board, Washington, D. C. Dear Governor: It was nice of you to send me a copy of your address made before the American Bankers’ Association at New Orleans, and I want you to know that I appreciate it. With best wishes to you, I am Sincerely yours, JAMS F. BOTES. J A M E S A. M E E K S CO M M ITTEE: 1 8th D is t . I llin o is B A N K IN G A N D C U R R E N C Y H om e A d d r e ss: Cottgres® of tfie 3Htuteb & tste£ D A N V IL L E , IL L . Houft of ftepreftntatfte* 3Ha£t)ington, 29. C. November 26, 1935 Honorable Marriner S. Eccles Chairman, Board of Governors Federal Reserve Board Washington, D. C* Dear Mr. Eccles: Your letter of the 22nd,in ■which you so kindly enclosed a copy of the speech delivered before the American Bankers Association at New Orleans, has been received. Mr. Meeks will return to Washington shortly, and I shall be glad, at that time, to bring it to his attention. Thanking you for the courtesy in sending it, 1 am Very truly yours. JAMES A. MEEKS, M. C. By. Sec 'y. McR ^ M L November 26, 1935» Honorable Marriner S. Eccles, Chairman, Federal Reserve Board, Washington, D. G. My dear Mr. Chairman: Your letter of November 22, inclosing copy of an address delivered by you before the American Bankers Association, has been received in the absence of the Attorney General from the City. I have placed your letter and the address on his desk, and I am sure that he will be pleased to find them upon his return early in December. Sincerely yours, Executive Assistant to the Attorney General. T. A L A N G O LO SE olRO UGH C O M M IT T E E O N F ir s t D is t r ic t o f M a r y l a n d B A N K IN G A N D C U R R E N C Y HOUSE OF REPRESENTATIVES WASHINGTON, D. C. Denton, Maryland Hovember 27, 1935 Hon. Marriner S. Eccles, Chairman Federal Reserve Board Washington, D. C. Dear Marriner: I have, remailed to me from my Washington office, stenographic transcript of the speech you made in Hew Orleans. I am going to read the speech tonight, and know I will get a lot out of it. I am very grateful indeed to you for your thoughtfulness in sending this speech to me. With every good wish, I am, Very sincerely yours, T. Alan Goldsborough. G: T D U N C AN U . F U - n C H K R , F L A ., C H A IR M A N CARTER G L ASS, VA. ROBERT F . WAGNER, N. Y . ALBEN W . BARKLEY, KY. ROBERT J. BULKLEY, OHIO THOMAS P. GORE, OKLA. EDWARD P. COSTIGAN, COLO. ROBERT R. REYNOLDS, N. C. JAMES F. BYRNES, S . C. / 'OHN H. BANKHEAD, ALA. LL1AM GIBBS MC ADOO, < .VA B. ADAM S, COLO. RANCIS T . MALONEY, C GEORGE L . RADCL1FFE, I PETER NORBECK, S . DAK. JOHN G . TOWNSEND, JR ., DEL. ROBERT D. CAREY, W YO. JAMES COUZENS, MICH. FREDERICK STEIW ER, OREG. ^ C n iic ìl ¿£>icite& J&eruxte C O M M IT T E E O N B A N K IN G A N D C U R R E N C Y L . HILL, CLERK Cleveland November 27» 1935* Hon. M.S. Eccles, Chairman, Federal Reserve Board Washington, D.C. Dear Governor Eccles Thank you very much for your courtesy in fumi shingme with copy of your address be fore the American Bankers Association. I shall be very much interested in reading this through. With best wishes, Sincerely yours, MG OFFICERS M. S. ECCLES, PRESIDENT L. S. COREY, VICE-PRES. & GEN’L MGR. G. P. BOWMAN, DIRECTORS T h e U t a h C o n s t r u c t io n C o m p a n y C A P IT A L $ 2 ,5 0 0 ,0 0 0 .0 0 GENERAL. C O N T R A C T O R S VICE-PRESIDENT P. L. WATTIS, SECRETARY-TREASURER O g d e n ,Ut a h GENERAL OFFICES FIRST SECURITY BANK BUILDING November 29, 1 9 3 5. Mr. M. S. Eccles, Chairman, Federal Reserve Board, Washington, D. C. Dear Marriner: I received a copy of the speech you made at New Orleans and enjoyed reading it very much. I think you made a good job, particularly inasmuch as you tell me you made no preparation. I am passing the speech around to the beys here in the office, who are taking turns reading it. vith kind regards, I am Sincerely yours, M. S. ECCLES L. S. COREY R. B. PORTER H- J. LAWLER G. P. BOWMAN P. L. WATTIS -E. G. BENNETT W. H. HARRIS A. D. CHRISTENSEN D. J . D R ISC O LL . SECRETARIES» 20th Dist. Pennsylv-w* J . W . SH EP A R D R O B E R T M . JO N E S C O M M ITTEE: Congress of tjje ®ntteb States» B a n k in g a n d C u r r e n c y Houft of IXepreSentatibes! ©Hasljington, 30. C. January 3, 1936. Hon. &iarriner S. Eccles, Chairman, Federal Reserve Board, Washington, D. C. ky dear Mr. Chairman: On coming to the office for the Session I find your letter of November 22nd enclosing copy of your speech before the American Bankers Association at New Orleans on November 15th. I read somethin^ of this in the newspapers and in some of the financial journals, but had not seen the speech in full. I am filing the speech and intend to ret some arammition in the coming campaign from it. S. GENERAL 58 O FFICES st. L E G IS L A T IV E D EP ARTM E N T E. W a s h i n g t o n M U N S E Y B U IL D IN G CH ICA G O . ILL ! W a s h in g t o n , d . c . T e l e p h o n e N a t io n a l 3 3 4 2 W ASHIN GTO N, D. C. January 27, 1936. Mr. Va Lois Egbert, Secretary to Mr. M. S. Eccles, Federal Reserve Board, Washington, D. C. Dear Mr. Egbert: I appreciate your kindness in giving me a copy of a recent address by Chairman Eccles before the American Bankers Association at New Orleans, following the suggestion that you do so of Mr. A. S. Goss, Land Bank Commissioner. Very truly yours, Washington Representative. GENERAL. O F F IC E S L E G IS L A T IV E 5 © E.Washington St. M UNSEV CHICAGO' ii_i|r DEPARTM ENT B U IL D IN G W a s h in g to n , Teleph o n e De ar b o r n 1633 CHICAGO, I L L January 27, 1936 Miss Va Lois Egbert, Secretary to Mr. M. S. Eccles, Chairman, Federal Reserve Board, Washington, D. C. My dear Miss Egbert: In the absence of President O ’Neal from the city, permit me to acknowledge your letter to him of January 24, enclosing a copy of the address by Mr. Eccles before the American Bankers* Association Convention on November 14. I am sure this address will be of interest to President O ’Neal and it will be brought to his attention upon his return to the office. Thank you for sending this to him. LP Secretary to Edv/. A. O ’Neal - President D. C. R . W . B R O W N , P R E S ID E N T H. E X E C U T IV E C O M M IT T E E E . S L U S H E R , V I C E -P R E S ID E N T R. W . B R O W N , CARROLLTON H . E . S L U S H E R , L E X IN G T O N JE F F E R S O N C IT Y E X C H A N G E N A T IO N A L B A N K J . V . M IN O R , E A S T O N W . R. H E C H L E R , DALTON T r easurer C . G . T A R L E T O N , R . 2 . H A N N IB A L E . C . A D A M S , B L U E S P R IN G S M RS. C H A R L E S S C H Ü T T L E R A U G U S T H IL L , E D IT O R A N D S E C R E T A R Y c h e s t e r f ie l d M R S . W . O. R E D F O R D W ARRENSBURG M ISSO U R I FA R M B U R E A U N E W S M RS. P A U L P A LM ER O F F IC IA L P U B L IC A T IO N 2 0 8 - 2 1 0 E . C A P IT O L A V E . P . O . BO X 6 8 8 J E F F E R S O N C IT Y , M I S S O U R I January 31, 1936 Miss V&Lois Egbert, Secretary to Mr. M. S. Eccles, Office of the Chairman, Federal Reserve Board, Washington, D. C. Bear Miss Egbert: I have just returned to the office after an ab sence of several days and find on ray desk your letter of January 24, with copy of the address delivered by Chairman Eccles before the «-nrm»! meeting of the American Bankers Association, Sew Orleans. I have heard many favorable comments regarding this address, and I assure you that I am glad to have a copy, which I know I shall read with pleasure as well as interest. Tours very truly EKB:IP M OSCOW M IL L S G E N E R A L d^FF'CES 5 8 L E G IS L A T IV E E. Washymgtc^n St. M U N SEY CHICAGO ILL.. DEPARTM ENT B U IL D IN G W a s h in g to n , \ Te le p h o n e Dea r b o r n 1633 CHICAGO, ILL, January 31, 1936 Miss VaLois Egbert, Secretary to M. S. Ecoles, Federal Reserve Board, Washington, D. G. Dear Miss Egbert: Thanks for sending copy of the speech of Chairman Eccles delivered at the American Bankers Association's convention at New Orleans. I appre ciate your thoughtfulness in supplying me with a copy of this address. Very sincerely, W. R. Ogg - Acting Secretary WRO C D. C. 620 E. BROAD STREET February 7, 1936 COLUMBUS. OHIO Miss Va Lois Egbert Secretary to Mr* M. S. Ecoles* Chairman Federal Reserve Board Washington, D. C* îly dear Miss Egbert* We want to thank you for sending us the address of Mr. Eocles» Will you express to him for us our appreciation of the very constructive viewpoint he has taken regarding the relationship of banking institutions to the public, and also upon his viewpoint regarding the place that money should take as a service instrument to facilitate proper distribution of goods* Very truly yours, Perry L. Green CMH
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