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A. W I L L I S ROBERTSON COMMITTEES! SEVENTH VIRGINIA DISTRICT W A Y S AND MEANS CHAIRMAN, SEI.FCT CONSERVATION COMMITTEE C o n g r e s s of tf)e U n t t e b S t a t e s jfyou&t of BfopresientattoeS liausljfajjton, 5B. C. April 3, 19U Hon. Marriner S. Eccles, Chaiiman, Board of Governors of the Federal Reserve System, Federal Reserve Building, Washington, D. C. Dear Governor Eccles: On April 17 at Edinburg, Virginia, I will address a regiafaat meeting of Virginia bankers. If you can furnish some material to me far use on that occasion that would be of interest to bankers I would appreciatfMt. * A. Willis Robertson, 25 April 5, 1914*. Honorable A. Willis Robertson, House of Representatives, Washington 25, D- C. Dear Mr* Robertson: this is to acknowledge your letter of April 3 "with regard to material that might be of use to you in connection with the address you are scheduled to deliver before the regional meeting of Virginia bankers at Edinburgh Virginia, on April 17While I am somewhat hesitant about inflicting upon you ray 01m recent statements, they nevertheless embody toy views and may, I hope, afford you some suggestions that might be helpful for this occasion* Accordingly, I am enclosing a copy of a statement which I read to the Senate Committee on Banking and Currency on the importance of continuing, without impairment, OPA price and wage controls as long as the existence of inflationary pressures may require, both during and after the war* I am also enclosing a copy of a discussion of taxation as an instrument to offset inflation as well as deflation* This was a talk I gave recently before the Tax Institute in Hew Tork City. Also, I am enclosing a statement, which is not for publication, that Dr. Goldenweiser, who heads our economic staff, gave at a recent Open Market Committee meeting. I thought you might find it Interesting, and that if you cared to use any of the material yourself ,^you need not disclose its sources, but refer to the figures as general estimates. The chart attached shows graphically the boundaries of the employment problem ahead and the importance of maintaining a high level of national income. If there is anything further I can do to assist you, please do not hesitate to call upon me. With kindest personal regards, Sincerely yours, If. S. Ecoles, Chairman. closures 3 A. W I L L I S ROBERTSON COMMITTEES: W A Y S AND MEANS CHAIRMAN* SELECT CONSERVATION COMMITTEE SEVENTH VIRGINIA DISTRICT Congrm of tfjc Wlnittb States it of &epre£entattoe£ Klarfjtnston, £* April 13, 1944 Hon. M. S, Eecles, Chairman, Federal Heserve System, Washington 25, D. C, Dear Governor: I am grateful to you for you kindness in sending me the statement of your views which was released to the press on March 2-4th, a copy of your address of February 8 and a copy of Dr* Goldenweiser's statement of February 29* This material will be of much assistance to me in the speech I will make to Valley bankers on , A. Willis Robertson