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/o, BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM WASHINGTON July 13, 1951. For Circolatioo . —^ •rtrjlMMT-f ^j^\ -4^Mr. S o Ro Carpenter, Secretary, '*8^ \ T / - J o a r d of Governors of the ~^^YL2. Federal Reserve System, vans -v ^ t -dr. PoWe.i. y? .... This i s b y way of f o r m a l acknowledgment o f your e er ,. TJMr-tojtf^f*"" ^ *^ ° ^ J ^ l y 1 0 a d v i s i n g me t h a t a s a t a n g i b l e reminder . ->^. ~ ^ ^ many years i n Washington the Board i s presenting t o to. «e^er - — ^ -fog ^he ^gg^ c n a i r from my o f f i c e and the e l e c t r i c clock *\r. car^ii - r - 7 "which has resided on my o f f i c e mantel* Both w i l l have a Mr. Show. —place of u t i l i t y i n my o f f i c e i n Salt Lake City where they -AT. Warff —will be treasured reminders of the years with the Board .r.tea;03 -and the l o y a l friendships ltiich I have been p r i v i l e g e d to ,r. .„ .enjoy. - wuLcieck and *° *^e c o u r s e °^ *^Rie ^ ne chair has been so «»*niio »r. Breanaa adjusted to my contours, or vice versa, that I am not sure it would fit anybody else, certainly not as it does me* There are some invidious people who think it incongruous for me to want a clock* It might be flattering if they stopped with the observation that I am not a clock watcher by nature, but they cast doubts even on my ability to tell time* Even if they were right and in the years to come I look at the dock not as a timepiece but as a symbol, the Board's generosity will, I hope, be justified* Sincerely yours, M« S. Eccles*
@FedFRASER