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January £7, 19S9. r Mr. Delano: This is to thank you for your note of January 19th enclosing the rough dr&ft of the statenients which you had dictated that morning and which I was especially interested to resd. Likewise, the printed leaflet from the Bank of California is depressingly typical of vrfiet seems to me en unrealistic e.nd tmeonstraetiTe attitude on the part of sose of the bankers. 1 tgree with you that the phrase "poapprimlng* is wholly inadequate. It is misleading, and I have always avoided it, I em inclined to believe that notwithstanding the numerous ooaplaints, there is no insuperable deterrent to new industry, as exemplified by the Duponts, provided busi* ness Men are willing to go ahead in new fields opened up by new inTentlon and discovery. Heedless to add, I am always pleated to hare your and eoi/uaents. Sincerely yours, Honorable Frederic A. Delsno, 6137 North Interior Building, Washington, D. C. ; ^
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