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DEMOCRATIC NATIONAL COMMITTEE MAYFLOWER HOTEL W A S H IN G T O N ZO N E 6 RO B E RT E. HANNEGAN February 17, 1945 C H A IRM A N Honorable Marriner S. Eccles» Chairman Board of Governors of the Federal Eeserve System Federal Reserve Building Washington» D. C. Dear Marriner: I was certainly pleased to read your splendid article that appeared in the editorial section of the St. Louis PostDispatch on February 11. It is my personal feeling also that deflation is one of the dangers that will confront us after the war. Sincerely yours, This article is protected by copyright and has been removed. The citation for the original is: Eccles, Marriner S. “Deflation Main Danger for Postwar Economy, Marriner S. Eccles Says: Belief That ‘Country Cannot Afford Goal of Full Employment’ Described as Defeatism Which Will Be Rebuked by Men Who Have Won the War.” St. Louis Post-Dispatch, February 11, 1945. February 2k, 1945• Dear Bob: This is to thank you i'or your thoughtful note of February 17 enclosing a copy of the St, Louis PostDispatch of February 11 containing an essay which was taken verbatim from a speech I gave before the National Industrial Conference Board last November, Curiously enough, this particular effort has received more notice, especially from labor groups, than anytning I ever uttered. At the same time, it has been badly panned by the Kail Street Journal, Thus I feel rather comforted about it, and the* more so to have your commentary. with best regards, Sincerely yours, Mr, Robert E. Hannegan, Chairman, Democratic National Committee, Mayflower Hotel, Washington 6, D. C. ET:b