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T h e Mu t u a l L i f e I n s u r a n c e C o m p a n y of Ne w Yo r k 3-4 NASSAU S T R E E T NEW YORK /ONALD B - W O O D W A R D RESEARCH ASSISTANT TO TH E P R ESID EN T March 19, 19U3 Mr. Marriner S. Sccles Chairman of the Board of Governors federal Reserve System Washington, D. C. % dear Governor: I have just read your Chicago speech to the Investment Bankers Association. You did a perfectly splendid joh, and I want to offer congratulations. How desirable it would he if you could make the same speech in every city, town, and hamlet throughout the entire country! Very truly yours DBW:D3