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February 1 1 , 1946*

Honorable J. William Fulbright,

United States Senate,
Washington, D. C*
Dear B i l l :

I have found upon checking v&th the staff here that
you have not yet been sent the ©aterial #hich I projsisad you
on the British loan* I : am very sorry for this delay.
I && enclosing (1) & copy of & speech *«shich X snede
last Saturday on this subject} (2) a copy of & confidential
mmorBXidxm which I ©ent out last month to the Presidents of the
Reserve Banks, md (3) a copy of an article which appeared i n
the January issue of the Federal Reserve Btilletin»
I hope that this is&terial will be helpful to you when
this matter comes before your Coss&ttee*
Sincerely yours,
(Signed) M. S. Eccles

U* S. Eccles,
Chairaan.
Enclosures 3

JBStttl*




JAMES E . MURRAY,
DAVFD I. W A L S H , MASS.
A L B E R T D . THOMAS, UTAH
CLAUDE P E P P E R . F L A .
A L L E N J. ELLENDER, L A .
LISTER H I L L , A L A .

MONT,, CHAIRMAN
ROBERT M . L A FOLLETTE, JR., W I S .
ROBERT A . T A F T , OHIO
GEORGE D. AIKEN, VT.
JOSEPH H . B A L L . MINN.
H. ALEXANDER SMITH, N. J.
WAYNE L . MORSE, OREG.
FORREST C. DONNELL, MO.

1ilCnU«b

OLIN D. JOHNSTON, S. C.
J. W . FULBRIGHT, A R K .

^cnaie

COMMITTEE ON
EDUCATION A N D LABOR

CHARLES A . MURRAY, CLERK
PAUL S A M P L E . A S S T . CLERK




February 14th, 1946

Mr.Marriner S. Eccles,
Chairman. Board of Governors,
Federal Eeserve System,
Washington, D, C*
Bear Marriner:
Thanks so much f o r sending me the material
on the British loan. As soon as I finish the speech
I am working on at the moment, I am going to get
into this and try to work up a statement f o r the
f l o o r of the Senate.
Many thanks

JOTspn