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THE BOa\1) CLUB O F W A S H IN G T O N Wa s h i n g t o n , I). C. Geo r g e M. F March 1, 1940 e r r is PRESIDENT Honorable Marriner S. Eccles Chairman of the Board Board of Governors, Federal Reserve System Washington, D.C. Dear Sir: In behalf of the Bond Club I wish to express to you our very sincere appreciation for the part you played in making our luncheon one of the most enjoyable the Club has ever experienced. Your speech was received with great interest and I have heard any number of very favorable comments from the members and bankers who were present. We look forward to the time when we may again have the pleasure of your presence at one of our meetings. George M. Perris