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February 5, 1951.

Dear Doris:
I appreciated the opportunity to talk
with you ovor the telephone todr,y and to explain
to you the principal issues involved in the controversy uhica has been raided between the Treasury
and the Federal lie serve over means of restraining
the inflationary expansion of credit*
A& I told you I vould do, I &ra sending
to you herewith a copy of the statement by the Department of Economics of the University of Chicago.
With kindest regards,
Sincerely yours,

M« S. Eccles.

Mrs. Doris Fleeson,
3344 P Street, H. W.f
Washington, D. C.