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^ U^p^- y^^j-á/'/h^-u^ ¿a/xx. Aí&d^-H ¿haA- ¿WK. April 3, 1945. Mr. Robert M. Koeneke, 1402 Glendon Street, Loa Angeles 24, California. Dear Mr* Koeneke: On behalf of Mr. Eccles who is on a visit in the West, I wish to acknowledge receipt of yonii letter of March 31» I enclose a copy of an explanatory statement, from which you will see that you are mistaken in believing that the proposal with regard to the capital gains tax would be confiscatory so far as any investor is concerned. 1 also enclose a copy of a letter received from an army sergeant who has a somewhat different viewpoint from yours. Sincerely yours, Elliott Thurston, Assistant to the Chairman. Enclosures 2 ET:b