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April 23, 19U7.

Dear Mr. Bodman:
As Mr. Eccles is on a trip to the
West Coast to visit the San Francisco Federal Reserve Bank, I wish to acknowledge receipt of the copy of your address before the
Econoiaio Club of Detroit.
I know that he will be interested
in your general conclusions about the responsibilities of Government lending in
normal or prosperous times*
Sincerely yours,

Elliott Thurston,
Assistant to the Chairman.

The Honorable Henry T. Bodman,
Reconstruction Finance Corporation,
Washington 25, D. C.

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