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Vogt Hotel 1151 W« fcdams St Chicago, 111 J a n . 7, 1939 c Mri v\ Si Secies, Chairman Federal Reserve Board shington, D. C. Dear Mr. Eecles: I have read with very great interest portions of your very excellent letter published in the Jan# 3rd., issue of Labor, the national railroad men's weekly paper, addressed to the blatherskite fron Virginia* Do not know when I read anything with more satisfaction than your straighforward letter to the reaotiomry Senator from the south* It is just such clear-cut statements as yours that is needed to set some of these damn fools right who are forever carping and for the most part do not know what they are talking about. As Labor well states, you dressed him down in good shape, and if any one had It coming to him he certainly did, and you are to be commended fo: doing such a good job of it. c Too much the public is being misled b y such vaporing as that of t h e Senator, and there are other agencies doing the same such as newspapers, and we have one here especially, the Chicago Tribune, which does nothing else but poison t h e people's mind. Yotu? statement contained a number of important references that the people generally do not know anything about and which is continually b e kept from them to t h e serious detriment of the country as a whole. I hope that your letter will gain wide circulation as it should. I should like to see it reprinted in the form of a leaflet so that it m a y be placed in the hands of r.any more thousands of our citizens throughout the land. It will do much to correct the wrong impressions that have been made wholesale and the many vicious lies that have been deliberately circulated b y blasphemers of every description. If you happen to have a mimeographed copy of your letter giving the complete text, I should very much like to have it if y o u have a c o P77 avai 1 ab 1 e • Thanking you for the fine piece of public service y o u have rendered in this timely broadside, and as.suring y o u that it is very m u c h a p preciated, and wishing you continued success in all your efforts, I am Cordially vo c Chas. Liebau January 10, 1939. Mr. Uiarles Liebau, Vogt Hotel, 1151 &'»• *dams Street, Chicago, Illinois, Dear Mr. Liebau: Chairman £ccles requested me to thank you for your letter of January 7th with reference to his recent reply to Senator syrd of Virginia, and to tell you tha£ he was interested in reading your comments and having your encouragement. In accordance with your request, I am enclosing a mimeographed copy of the full text of this letter as well as a copy oi' the Cnairman's preceding speech in New York which was the subject of the Senator1s attack. Very truly yours, Elliott Thurston, Special assistant to the Chairman, enclosures ET;b