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December 5» 1940. Dear Mr. McNutt: The Chairman asked me to send you the enclosed copy of the address which he gave in New York last week at what was supposedly a closed meeting of the National Industrial Conference Board. Inasmuch as some badly mangled versions subsequently appeared in the press, he felt obliged to give out what he actually said. He thought you might be interested in seeing it. Sincerely yours, Elliott Thurston, Special Assistant to the Chairman. Honorable Paul V. McNutt, Federal Loan Agency, Washington, D. C. enclosure !T :b T H E F E D E R A L S E C U R IT Y A D M IN IS T R A T O R WASHINGTON December 12, 1940 My dear Thurstons I wish to acknowledge and thank you for your letter of December 5, and copy of the address made by Mr. Marriner S. Eccles before the National Industrial Con ference Board, November 28 in New York City, which I have read with much interest. Your thoughtfulness is deeply appreciated. With kindest regards and best wishes, I am Sincerely yours, Paul V. McNutt Mr. Elliott Thurston Special Assistant to the Chairman Board of Governors of the Federal Reserve System Washington, D. C.
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