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Tennessee Farm Bureau Federation — Established 1921 — OFFICE 707 NORTH HIGH STREET • PHONE 753 Board of Directors J, F. Porter, President, Columbia Earl Hancock, Vice-President, Lebanon Perry Browder, Legislative Rep. Union City J. P Chase, Lucy J. J. Hampton, Newport Joel V. Bell, Springfield J. Upward Hornsby, Peakland Mrs. P. W. Bond Affiliated Organizations: Tenn. Coop. Supplies Ass'n Tenn. F. B. Ins. Service Chairman Home and Community Dept. Jackson, Tenn,, R. R. 4 American National Bank, Nashville Associated Organizations Tenn. Wool Growers Ass'n. Treasurer Miss Bessie Tucker Secretary COLUMBIA, TENNESSEE Tenn. Livestock Producers Marketing Ass'n. Nashville Stock Yard* JUIie 25, 1 9 4 0 Mr. Marriner S. Eccles, Chairman Board of Governors of the federal Reserve System Washington, D. C. Dear Mr. Eccles: On June 20, Mr. Chester Morrill forwarded to members of the Atlanta Federal Reserve Bank copy of a letter of June 14, addressed to Senator Wagner from Mr. Jesse H. Jones, also, copy of your letter of the 19th to Senator Wagner, commenting on Mr. Jones' letter and pointing out the several misstatements made by Mr. Jones. I have read all the correspondence with considerable interest, and we wish to commend you on your courage in pointing out the errors in Mr. Jones' letter and in giving the facts to the Chairman-of the Banking and Currency Committee. While these letters indicated a rather wide difference in statements of two very prominent gentlemen, I wish to say that I am accepting that of the Chairman of the 3oard of Governors as correct. With best wishes, Yours very truly, JFP:ah Copy; J.F. Porter- Member Board of Directors Atlanta Federal Reserve Bank Mr. Chester Morrill