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B A L T IM O R E B RA N CH F E D E R A L R E S E R V E B A N K O F R IC H M O N D B A L T IM O R E , M A R Y L A N D Dear Governor: In the New York papers I read accounts of your address delivered before the New York Chapter, American Institute of Banking, on December 1st, but have just received a copy of the whole address from Mr. Leach. I have read it with unusual interest and I wish to congratulate you on making such a timely, interesting and common sense address. It is "loaded to the gills” with practical, sensible statements and I hope the results will be far-reaching. With the Season’s Greetings and kindest regards, Sincerely yours, December ?, 1938 Honorable Marriner S. Eccles, Chairman of the Board, Board of Governors of the Federal Reserve System, Washington, D. C. December 8, 1938. Dear Bob: Thank you for troubling to write me about my talk before the New York Chapter of the American Institute of -banking, I was glad to have your comments and, of course, gratified that they are so favorable. Press accounts, which are necessarily fragmentary, frequently fail to give the whole picture, and editorial comment cased on fragments seems often to be unreasonable. However, that is to be expected. Nevertheless, it is pleasant to have com ments like your own and I wanted to let you know that I appreciated your thoughtfulness in witing. Let me reciprocate most heartily your kind wishes. Sincerely yours, M. S. Eccles, Chairman. Mr. V». R. Milford, Managing Director, Baltimore Branch, Federal Reserve Bank of Richmond, Baltimore, Maryland. ET:b
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