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T E L E P H O N E Douglas e d e r a l S a v in g s ¡AND LOAN ASSOCIATION * 5 8 2 MARKET STREET «SAN FRANCISCO «CALIFORNIA December 5, 1955. M. 3* Ecoles, Chairman Federal Reserve Board Washington, D. C. Personal Dear Mr. EcclestI have read with much interest, your address before the Banker's Association at New Orleans. It illustrates how unfair the reporters can be when directed. From the standpoint of logic, proof submitted and the way it was presented, I think that this is the best thing of yours that I have seen. The wider it is distributed in the form deliver ed, the better it will be for the administration. With best wishes, I am EWW:HW Chartered and Supervised hy the United States Qovernment 0072
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