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DAVID F. J. O W E N L. SCOTT LAWRENCE HALL Acting Managing Editor Associate Editor Editor 2 2 N D AND M STS. N. W . WASHINGTON, D C. September 25, 1941 Bmu Marriaer S # Eecles Chairman Federal Reserve B@ard //ashingtoil, D. C. Dear Mr*.. I c e l e a : May we have the benefit of your viewpoint on t h i s new question of national defense? President roosevelt urges Congress to speed up p r i c e - c o n t r o l l e g i s l a t i o n t o avert i n f l a t i o n » Treasury Secretary Morgenthau favors a c e i l i n g on farm prices but not on wages« Because of the importance of t h i s issue, The United States News, to obtain a cross-section of infonaed opinion, would be very g r a t e f u l to you f o r a prompt, brief and s p e c i f i c answer to the following question: Should p r i c e - c o n t r o l l e g i s l a t i o n now pending in Congress be amended to include c e i l i n g s on wages and farm prices? W w i l l appreciate from you a reply of about 100 words, by e special d e l i v e r y , or by telegraph press r a t e c o l l e c t , so that i t w i l l reach us by or before Wednesday, October 1, or by Thursday, October 2, at the l a t e s t • May we have your cooperation, please? Our Question of the Week page i s widely read because of the outstanding importance in t h e i r respective f i e l d s of those whose r e p l i e s are published* Awaiting your reply, Assistant Managing Editor FJH/mm October 1, 1941• Mr. F. J . Hall, Assistant Managing E d i t o r , The United States News, 22nd and M S t r e e t s , N. W., Washington, D. C. Dear Mr. Hall: Chairman I c c l e s requested me t o thank you f o r your l e t t e r of September 25, requesting a statement in regard t o pMce control l e g i s l a t i o n , and to enclose a copy of the brief prepared statement which he presented t o the Committee since t h i s statement covers t h e point you r a i s e . Very t r u l y yours, (Signed) E l l i o t t Thurston E l l i o t t Thurston, Special Assistant t o t h e Chairman. Enclosure ET cm
