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FIRST AMERICAN NATIONAL BANK FORMERLY The American National Bank Naslrville 3, Tennessee P A U L M. D A V I S CHAIRMAN February 14, 1951• Mr. M. S. Eccles Board of Governors Federal Reserve System Washingtonj D. C. Dear Mr. Eccles: Tharik you very Department of Economics of the have read with a great deal of been greatly disturbed by this cannot see any solution and am been done. much for the statement by the University of Chicago which I interest. Naturally, I have whole situation, and, frankly, afraid too much harm has already I expect to be in Washington for the meeting next week and trust I may have the pleasure of seeing you at that time. Sincerely yo