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-42 BROADWAY N EW YORK January 6, 1939 Dear Mr# Eccles: It is very kind of you to reply to my letter and thank you for your courtesy. It is too bad to have troubled a busy public man to -write a reply to a note of public comment, but nevertheless a gracious act on your part. M. S. Eccles, Esq., Chairman, Board of Governors, Federal Reserve System, Washington, D. C.