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December 10, 1936

Mr* Walter Lippmann,
New York Herald Tribune,
Xew York City*
Dear Hr. Lippmannt
Enclosed is a mimeographed copy of an extemporaneous
talk which I recently delivered in Boston and in which I thought
you might possibly be interested* This was Intended to be off
the record, bat was taken down by stenotype and has been revised
so that X fee1 it is not inappropriate to have it become public*
X had intended sending you a note before now to say
how favorably impressed I was with your article of December Sd
on "The Control of the Boom*11 It seemed to me to be such an
able and understandable statement of the general problem that
I had it circulated among members of the Board and staff* Seed*
less to say, I feel it would be difficult to orerstress the im­
portance of focusing the attention of the public and particularly
of the banking and business world upon the problems of con­
solidating and preserving the recovery*
I was glad to have had an opportunity of a talk with
you and hope that you will let me know when you come to Washing­
ton again*
Sincerely yours,

X. Sm EccXes,
Chairman*
enclosure




NEW^YORK

3HCeralb ¿mms* STtifautic
December 15, 1936

Hon. Marriner S. Eccles
Feceral Reserve System
Washington, D. C.
Dear Governor Eccles:
I am very glad to have
your Boston address, which I am taking
home with me to study tonight.
I am glad you liked that
article of mine. It could not, of course,
have been written without the talks we
had some weeks ago.




Sincerely yours,