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DRESSES 1 1 6 Mitchell Street, S. W. M A I N 4733 A t l a n t a , Ga. // _ , ' 1. + C •X X ^ ^ V/i ^ c DRESSES 1 1 6 Mitchell Street, S. W. M A I N 4733 Atlanta, Ga. V ¿f^ ä.<ut fi*. ^ * ^ ' January 28, 1946. Mr. David Farmer iftachtel, Dixie Dress Manufacturing Co., 116 Mitchell Street, S# Atlanta, Georgia. Dear Mr. feachtel: Your letter of January 18 vdth regard to the Board1s action in increasing margin requirements to 100 per cent is very much appreciated» It is particularly gratifying to have your approval of this action and also of the proposal for increasing the capital gains tax at this time in order to put a curb on the needless and, in fact, harmful speculation in capital assets, especially homes and farms. I agree with you that the problem should be put up to the Congress and if they are not willing to act, then the responsibility is on their shoulders. Miile I do not know of any way in which you could help oth^r than by discussing the subject with business men of your acquaintance and possibly by writing to Senator George who, as Chairman of the Senate finance Committee, is in a key position in this matter, I wanted you to know that I think your offer of help is generous and admirable. Sincerely yours, M. S. Eccles, Chairman. ET:b
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