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NATIONAL CITY B A N K O JF D A L L A S DkWITT J>AZZA>S 1, February 1U9 19f>l R A Y PRESIDENT T E X A S Mr. Marrinar S. Eccles Board of Governors Federal Reserve System Washington, D. C. Dear Governor Eccles: Thank you kindly for yours of February 7* The statement by the Department of Economics of the University of Chicago which you veiy kindly sent me is one of the best papers I have seen on the subject discussed therein. I agree whole-heartedly with the economists whose names are signed to it. It is my intention to be in Washington next week to attend the meetings of the Federal Advisory Council and I look forward with pleasure to seeing you at that time. DR bbs Air Mail
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