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January 20, 1940*

My dear Mr. Secretary;
It occurred to me that you sight b©
interested ia h&Tiag for your personal and
eoaf idential information a copy of the
rasdum on the Farmers' Income Certificate
?laa aad of ths letter of trajasmittal to
President whielt I suteitted as a meatber of
the Fiscst| &ad Ifemetary Committee* Accordingly, I am enclosing copies of both.
The memoranda was prepared with th©
assistaaee of Chester B&fis, who concurred
in the conclusions.
Sincerely yours.

T&e Honorable
The Secretary of Agriculture,
Washington, D» C,
eaclostires