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TO FROM.. REMARKS: Referred to you in Mr. Eecles1 absence. I do not think that this requires anything more than an acknowledgment and a statement that M. S. E. is out of town, but you know he will appreciate having General Wood give him his ideas,as suggested. CHAIRMAN'S OFFICE Sears,Roebuck and CoExecutive Offices Chicago R.E.Wood President Aug. 28, 1936. Mr* Marriner S. Eccles, Chairwm, Board of Governors, Federal Reserve System, Washington, D, C* My dear Mr* Ecclest I have just recently returned from a thirty-day vacation in northern Canada. Yesterday, there was handed to me by Mr, Schaller the letter fro* Mr« Chester Morrill under date of July 30th with the memoranda relative to the tax bill. I distributed these at the meeting of the Board of Directors today, and asked the various members for cowents* On the whole, I feel that the tax bill is a good one and does not deserve the abuse that has been heaped on It in so many quarters« However, it can be improved, and if you care to have me do so, t can give you my Ideas as to sone desirable amendments* fery truly yoursf
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