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January 28, 19^ ftr. Alphonstu J. Murphy 143 State Street Boston, Massachusetts My dear Mr. Murphy: Mr. Eccles bar nsked me to acknowledge and thank you for your letter of January 24 coaupon his recent radio address. It is gratifying to note your comprehension of some of the aspects of government spending so frequently overlooked by business men* As you say, the money spent by the government inevitably turn- up as deposits belonging toicorporations and the more wealthy individuals Furthermore* the business created by the purchases of the relief workers represents in sany cases the difference between survival and nonEurvival of marginal business firms. lours very truly, Lftvre&ee Clayton Assistant to the Chairman LC/fgr ALPHONSUS J. MURPHY. 148 STATE ST.. BOSTON, MASSACHUSETTS _ 7/ /— 3f JLI
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