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March 12, 19^5 Marriner S # Eccles, Chairman Federal Reserve System Washington, D. C # Dear Sir:I am enclosing two articles clipped from Saturday's newspaper In regard to the tax on Capital Gains* I have read the article by Mr. Strout, of the Christian Science Monitor, and it certainly sounds fair and logical. I have also read that of Mr« Edson B . Smith, financial editor of the Boston Herald Traveler, and there seems to be a great deal of merit to what he has to say. I should like to place my influence and opinion on the right side of this question and would very much appreciate any further light you can give me on this subject. Very truly yo H- Ridgefleld Road Winchester, Mass AHS/H Enclosures March 19, 1945. Mr. A l d e n H. Symmes, U R i d g e f i e l d Road, Winchester, Massachusetts. Dear Mr. Symmes: This i s t o acicnowledge your l e t t e r of March 12 enclosing copies of two a r t i c l e s , one by Mr; St rout of the Christian Science Monitor, and the other by Mr. Edson B. Smith of the Boston Herald-Traveler. I , of course, think that Mr. St rout i s right and that Mr. Smith i s wrong. I had previously seen Mr. Smith1 s commentary and i t occurred t o me you might care t o see my reply t o a l e t t e r in t h i s connection. I do not knoiN whether you have seen the t e x t of a statement I have issued regarding a s p e c i a l wartime c a p i t a l gains tax, but in case you have not, I am venturing t o enclose one. Sincerely yours, M. S. E c c l e s , Chairman. Enclosures 2 ET:b This article is protected by copyright and has been removed. The citation for the original is: Smith, Edson B. “The Investor.” Boston Herald Traveler, March 10, 1945.
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