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KENNETH <J. FERGUSON. WILLARO PRESIDENT E MANSON, WINDHAM NATIONAL B A N K BELLOWS FALLS,VERMONT June 25, 1938 Mr. Marriner S. Eccles, Chairman, Federal Reserve Board, Washington, D. C. Dear Sir: I am happy to offer congratulations to you for your reply to the letter of Senator Vandenberg of Michigan, which I read in detail recently in the Congressional Record* The subject matter was handled very nicely, and I feel n that it is one document that the man on the street * nill be able to understand. With best wishes, I am, CASHICP
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