The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Sears,Roebuck and Co, Executive Offices Chicago R.E.Wood President October 15, 1956, HPT PERSONAL UU ™~ DIVISIO Honorable M. S. Eccles, Chairman, Board of Governors of the Federal Reserve System, Washington, D. C, My dear Mr. Eccles: I have been somewhat puzzled by reading the newspaper accounts of the new stabilization agreement entered into by the Treasury Department, If it is not betraying any confidence, I would be interested in knowing at least the principles on which this supposed agreement rests. Very truly yours, October 27, 1956. v \ "\ 8tr« E. 1« Wood, President Sears, Roebuck &&<l Co, Executive: Offices Chicago* Illinois Dear I M M glad to receive your letter of October 15 regarding the new cxirreaey «.rraiigeae&t« The dlBtlaguighiag ch&racierlstic of the new &rrsngeu©nt it tha absence of rigidity and fixed eoasaitaents. It is a gentlemeafs agreesent to work for ©jeehaage stability so long as that stability Is aot ia~ coap&tibl© with the requireaents of internel prosperity. I am enclosing a brief unofficial msmoT^tmhm with the s^w arraageaeat* Tou will, I am siure, «ish that both the aeaoraadua and this letter should he for your personal iafora^tion only* With personal ?ery truly yourst U. i« Eccles, Chsinaen WRG/EAG/ho
@FedFRASER