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March 5, 1945-

Mr. Roy E. Graves,
99 Cleaves Avenue,
San Jose, California.
Dear Mr. Graves:
In reply to your letter, I am enclosing a copy of a statement I have just issued in regard to my proposal for a special
wartime capital gains tax. It is apparent
from your letter that the information you had
about it was incorrect.
I have the pleasure of knowing Paul
Hoffman, and I would agree with everything
said in the clipping of his remarks, which you
enclosed, and I am quite as concerned as he is
to preserve the private enterprise system in
this country.
Sincerely.yours,

SeoafoedM
11. S: Bccles

Chair

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Enclosure

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This article is protected by copyright and has been removed.
The citation for the original is:
San Francisco Examiner, “Business Told to Make Jobs to Save U.S. System: Only Way to Keep
Free Enterprise, Says Studebaker Chairman at Clinic,” February 22, 1945, p. 19.