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A L E X A N D E R F I T 2 - HUGH PRESIDENT BEN T. FlTZ-HUGH, VICE-PRESIDENT W. H . F I T Z - H U G H , J * . , VICE-PRESIDENT JACKSON,MISS GEORGE S C H A F F , JR., SECRETARY P.P.WILLIAMS COMPANY" L O C A T I O N ' S : YICKSBTJRGjMIS SIS SIPPX T1CKSBURG , MIS S JACKSOX^ MIS S . HOLL^NS^LE, >IXSS J u l y 1 4 , 1948 Governor M a r r i n e r S. E c c l e s , Board o f Governors F e d e r a l Reserve System Washington, D. C. Dear M r , E c c l e s : W E G I V E N O W A R R A N T Y , E X P R E S S O R I M P L I E D , A S T O T H E P R O D U C T I V E N E S S O F A N Y S E E D S WE S E L L A N D WE W I L L NOT B E I N A N Y W A Y R E S P O N S I B L E FOR T H E C R O P < O U R L I A B I L I T Y I N ALL INSTANCES IS L I M I T E D T O T H E PURCHASE P R I C E O F T H E S E E D . I r e a d t o d a y t h e June i s s u e o f t h e M o n t h l y L e t t e r o f t h e N a t i o n a l C i t y Bank. As u s u a l , t h i s p u b l i c a t i o n i s h i g h l y worthwhile. T h i s i s s u e , I t h i n k , c o n t a i n s some f a c t s and o b s e r v a t i o n s and a d m o n i t i o n s based on such f a c t s end o b s e r v a t i o n s t h a t e r e t i m e l y and s h o u l d r e c e i v e t h e t h o u g h t f u l c o n s i d e r a t i o n o f t h e American p e o p l e . I t h i n k o f you o f t e n , and r e c a l l t h e communications which I was p r i v i l e g e d t o have w i t h you when I was a D i r e c t o r o f t h e New Orleans Branch o f t h e F e d e r a l Reserve Board a t P l t a n t a . I have always been g r a t e f u l f o r t h e c o n s i d e r a t i o n which you showed t o me. v vnnyn August 191*8* Dear Mr- Fit*-Hugh t Because I was absent when your kind l e t t e r of July l h arrived and have been sore than busy t e s t i f y i n g before Congress i n thie special session, I have been remiss i n acknowledging and thanking you f o r your thoughtf u l and very much appreciated ooronents* With kind personal regards* Sincerely yours. H* S. Socles. Mr. Alexander Fits-Hugh, President, P* P. Williams Company, Vioksburg, Mississippi*
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