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HUBACHEK
ATTORNEYS

KELLY

a

AND COUNSELORS
919

NORTH

MICHIGAN

AVENUE

CHICAGO
F . B . H U B A C H E K
ROGER

S.BARRETT

FLOYD

CHARLES SCOTT KELLY
E. BR ITTON

JOHN

ZONE
SUPERIOR

PAUL

F. B O Y E R

ROBERT

A.CRANE

F. B . H U B A C H E K , J R .
OF C O U N S E L - J O H N

CHARLES

II

D.HASTINGS
7-O850

CRElGHTON S.MILLER
C.UURlCH

W. F R E E L S

February 22, 1951

Honorable Marriner S. Eccles
Vice Chairman
Board of Governors
Federal Reserve System
Washington, D. C.
Dear Marriner:
I can no longer resist the impulse to congratulate you on the
strong stand you personally have taken in recent weeks with
reference to the conflict of opinion between the Board and the
Treasury as to interest rates and support of Government bonds.
I admire you tremendously for your consistency and boldness and
integrity of thought* I wish to God the country had more like
you. Not being given to gratuitous compliments, I hope you
realize this comes from the heart.
Have recently seen Pack Dreibelbis personally and on business.
He is going great guns which I am sure pleases you as much as it
pleases me.
I observe you will be here making a speech March 2.
the city, I will be there.
Best wishes, as always.




If I am in




March 8, 1951.

Mr. F. B. Hubachek,
919 North Michigan Avenue,
Chicago, Illinois,
Dear Frank:
I appreciate more than I can tell you your
flattering letter of February 22. It is very encouraging to me to know that I have friends like you who believe in me and approve of what I am trying to do*
I have not seen Pack for some time but have
talked to him on the telephone a couple of times. I am
hoping to see him the next time I go to New York. He
is doing a very fine jobj he is a great fellow and I am
very fond of him.
I am sorry I did not get to see you when I was
in Chicago last Friday, but I was only there for a few
hours. In case you are interested I am enclosing a copy
of the press release I gave out prior to the luncheon of
the Executives1 Club of Chicago.
With kind personal regards,
Sincerely yours,

M. S. Eccles.
Enclosure