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THE DIRECTOR GENERAL PAN A M E R I C A N UNION W A S H I N G T O N , D. C. October 1, My dear Mr. Chairman: Permit me to extend to you most cordial congratulations on your admirable testimony before the House Consnittee on Banking and Currency» Your statement will contribute much to the enlightenment of public opinion* Very sincerely yours, L. S. Boire Director General Honorable Marriner S. Eccles, Chairman, Federal Reserve Board, Washington.