The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
140 s. 4th S t . Apt. 2-b Richmond, C a lif o r n ia December 1 , 1947 K a rrin e r S. E c c le s , Chairman F e d e ra l R eserve Board W ashington, D. C. Dear Mr. E c c le s j Mr. S c h n e id e r, a u th o r o f th e e n clo se d c lip p in g , seems t o have ta k e n upon h im s e lf th e t a s k o f "E ccles p u b lic enemy No. l.w C e r ta in ly he makes h im se lf monotonous w ith h is re p e a te d a tta c k s on your p o l i c i e s . Could i t be t h a t he f e e l s h im s e lf lim ite d in h is s p e c u la tiv e v e n tu re s? Your p o l i c i e s p u t i n t o e f f e c t have been th e N a tio n ’ s s tr o n g e s t bulw ark a g a in s t run-aw ay i n f l a t i o n . Your p re s e n t program appears to be most s e n s ib le f o r th e c o u n try as * w hole, and I fo r one app ro v e. As a TJ.S. c i t i z e n I fin d you t o p s , and w ish you su ccess in keep in g up th e good w ork. C a lv in S. Sm ith, <Jr December 1*., 1947* Mr. Calvin £>. v>mith, Jr., 140 6. 4th St. Apt. k-b, Richmond, California. Dear Mr. Smith: I wish to thank you most sincerely for the kindly expression in your letter of December 1, 1947 which' I have been unable to acknowledge at an earlier date because of the necessity of almost daily appear ances at Congressional committees. You may not have seen my second statement before the Joint Committee on the Economic Report on Wednesday, December 10, 1947* and I therefore take the liberty of enclosing a copy for your further information. Very sincerely yours, Enclosure CM: am M. S. Eccles, Chairman.
@FedFRASER