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LOUMAR APARTMENTS
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t e : ___________ w u L j i ä o
O c to b e r 1 3 , 1947
Dear Miss Armstrong:
Your letter commenting on my recent talk to
the State Bank Supervisors would have had a prompter
acknowledgment, but I have been waiting to obtain some
reprints of the text and enclose a copy. It would ap
pear from your letter that you had seen only some of
the excerpts from my talk and they seem to have given
a somewhat erroneous impression.
I certainly agree with you about the distress
that inflation causes, particularly for fixed income
groups, and feel that the present inadequate pensions
should be supplemented by at least #35*00 a month more.
It would also be equitable to provide an exemption in
the income tax law for these pensioners who have so
little.
It would be a great misfortune, in my opinion,
for the Country to revert to what you call "infuriated
Isolationism", but I think it quite unlikely because none
-2-
M is s Arm strong
of the aspirants for the Presidency of any party, so
far as I am aware, proposes any such thing.
Sincerely yours,
M. S. Eccles,
Chairman.
Enclosure
Miss Mary Ellen Armstrong,
Loumar Apartment,
1329 Pacific Avenue,
Atlantic City, New Jersey.
ET:ra
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