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NATIONAL ASSOCIATION OF CREDIT K E N
OFFICE OF THE VICE PRESIDENT

F. 3 . W A L O E N

T H E

STREVELL PATERSON HARDWARE CO
SALT LAKE CITY. UTAH

VICE PRESIDENT

May 1 3 , 1935

Mr. Marriner S. Secies
Governor of the Federal Reserve Board
Washington, D. C.
Dear Mr. Eccles:
I wish to express my sincere appreciation for the booklet sent to me by
you covering your views as expressed in the many hearings before the Senate
Banking Committee.
I received a personal letter from Henry H. Heimann, Executive Secretary and
Treasurer of the National Association of Credit Men, telling of his recent
interview with you. He^was deeply impressed and most complimentary of you.
He appreciated the valuable time given hinu As an officer of this institution,
I wish to express my sincere appreciation for the courtesies extended Mr.
Heimann.
I have spent two evenings carefully reading the information submitted in this
review, of the statements made before the Banking Committee, together with
your theories of certain changes which the banking bill before Congress will
place in effect.
You have thoroughly convinced me that the Federal Reserve Board should
possess more complete control on the entire Federal Reserve system and I
cannot see where the added authority would prove dangerous or take away from
the self-governing feature of the regional banks.
I cannot help but express myself after fully digesting the information given as best a layman is in position to do, with his limited banking knowledge and
experience.
T7e are very proud of you out here, Mr. Secies, Personally I am very much
interested in banking and have followed very closely all newspaper articles
giving your views, speeches, et cetera. Also I subscribe to the Wall Street
Journal, which gives out a great deal of this in detail.
a Things seem to be getting gradually better out here; our business is going
strong. Another deliciously heavy rain fell yesterday and our moisture
worries seem to be over.




NATIONAL ASSOCIATION OF CREDIT MEN
OFFICE Or THE VICE PRESIDENT

THE STREVELL PATERSON HARDWAR

S. WALDEN
VICE PRESIDENT

Mr. Marriner S. Secies
#2
Thanking you for sending me the banking information, and with high esteem
and best wishes, I am
Very sincerely yours,

,F.S.Walden/fb