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109 NEWTON SARGENT 58, STREET MASSACHUSETTS April 12, 1937 Hon» Marriner Eccles Federal Reserve Board Washington, D. C. Dear Mr. Eccles: On my return from California, I find a let tei» from 'Willard Helburn. I send you a copy on the chance that it may interest you« Kelburn has been for ten years a member of our little economic discussion group which meets regularly at the Faculty Club of the Harvard Business School. It is the sort of discussion group that you used to corral when I visited you in Utah. By the way, I wish you would let me know when you are to be in Boston and allow me to call a meeting of the group. You would like to talk with them. I enclose a list of members« 1 plan to be in Washington the latter part of next week and hope that I may have an opportunity to see you. Perhaps Fritz Champ will be there at the same time. Vvhen I saw him in Ogden recently, he said he would leave Chicago for Hot Springs on April 17th. with best wishes, Faithfully, Y« TP :HSL C- April 15, 1957 är, William Foster 109 Sargent Street Newton 50, Massachusetts Dear Sir. Fosters I »as very glad Indeed to receive jour letter of April 12th with its enclosed copy of a letter to you from Mr, Belbura commending my public statement of last month* It was interesting to note the membership of your "Economic Discussion Group" and I mußt say that with euch an array of business leaders aad thinkers your occasional meetings should be very Interesting indeed. As to your suggestion that I meet with this group at Boston, I have no pl&ns at present for leaving Washington and as I was in Boston late last fall it is not likely th&t I shall go there again for some little time* However I shall hope to have the opportunity of meeting with your group at some future date. It is good news that you plan to bo im las hin* tos next week and I shall hope that my time will permit mo to see you at least for a few minutes. Im amy event however, please call my office soon after your arrival and if It should be that I am too covered up to see you, I trust you will find time to call by and chat with Mr. Clayton or Mr. Thurston who I am sure will be delighted to see you. Yith kind regards, I am Tours sincerely, 8. 8* Xccles Chairman LC/fgr COPY WILLARD HELBURN, INC. 21 Endicott Street Salem, Mass« March 16th, 1937 Dear Bill: I don't usually write fan mail, but I'd like you next time you see or write your friend, Mr» Eccles, to report to him my anonymous enthusiasm for his statement of yesterday« It's the best official economic document since his testimony on the Banking Bill, and in the darkening of counsel in this administration, it throws its rays like a good deed in a naughty world« I'll go to work for him any time« Following as it does his well-publicized luncheon with the President a few days ago, I should like to believe that it has political import: that the President, who has refused to criticize Lewis' and Hillman's means, concurs in a criticism of their ends, and in a warning to them not to overturn their own applecart« But I am skeptical, because Eccles comes down just as hard on cartelization and price fixing, and Roosevelt is shouting for a new N«R«A« with what looks like tihshaken naivete« (If he figures that a new one, like the old, Is going to hook industry again with a fake worm, he's even more subtle and devious than I give him credit for being, and possibly wrong as well« C*I#0* is just as willing as Steel to fit into a Corporative State«) Sincerely, W« H. William T« Foster, Esq« 109 Sargent Street Newton, Massachusetts WH/AEF April, 1957 MEMBERS OF ECONOMIC DISCUSSION GROUP Robert Amory, Amory, Browne & Co., 48 Franklin St., Boston Albert E# Bowman, President, John T. Slack Corp., Springfield, Vt. Karl T. Compton, President, Mass. Institute of Technology, Cambridge Victor M. Cutter, Chairman of the Board, United Fruit Co., Boston Carl F. Danner, President, American Hide & Leather Co., Boston J. Franklin Ebersole, Professor, Harvard Business School William T. Foster, Pollak Foundation, Newton Edward L. French, President, Boston & Maine R.R., Boston Henry I. Harriman, Chairman of the Board, N.E. Power Co., Boston R. G. Hawtrey, London School of Economics Willard Helburn, Helburn-Thompson Co., Salem Warren M. Persons, formerly Professor of Economics, Harvard Harlan T. Pierpont, 340 Main St., .Worcester Henry L. Shattuck, Treasurer of Harvard College, Boston C. M. W. Sprague, Professor, Harvard Business School Donald Tucker, Prof, of Economics, Mass« Institute of Technology John H. Williams, Professor of Economics, Harvard
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