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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.

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