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December 5, 1940*

Dear Bob:
Enclosed is a copy of a talk the Chair­
man gave in New York a week ago at what was sup­
posedly an off the record discussion held by the
National Industrial Conference Board. Inasmuch as
soise very misleading newspaper accounts subsequent­
ly appeared, he decided to make public the text of
what he actually said* He thought you might have
an opportunity of looking it over since it deals
primarily with banking and monetary problems that
your coirsnitiee will havo to struggle with.
I hope that I shall have the privilege
of seeing you one of these days and that your able
exertions in the recent fracas at the polls have
not left you as exhausted as i find sost of the
newspaper profession and practically all of the
opposition*
With best regards,

Sincerely yours,

Elliott Thurston,
Special Assistant
to the Chairman*
Honorable Robert 3T. Wagner,
United States Senate,
Washington, D* C*

enclosure

ET:b

ROBERT F. WAGNER, N. Y., CHAIRMAN
JOHN G. TOWNSEND, JR., DEL*
CARTER GLASS, VA.
LYNN J. FRAZIER, N. DAK.
ALBEN W. BARKLEY, KY.
CHARLES W. TOBEY, N. H.
JAMES F. BYRNES, S. C.
JOHN A. DANAHER, CONN.
JOHfc H
H. BANKHEAD, ALA.
JOM*!
ROBERT A. TAFT, OHIO
a
S a bB. ADAMS, COLO.
A/DJA
F r a n c is t . m a l o n e y , c o n n .
/FRANC1
/ GEORGE L. RADCLIFFE, MD.
f I PRENTISS M. BROWN, MICH.
* JAMES H. HUGHES, DEL.
CLYDE L~ HERRING, IOWA
WILLIAM H. SMATHERS, N. J.
JOHN E. MILLER, ARK.
D. WORTH CLARK, IDAHO
SHERIDAN DOWNEY, CALIF;

QlCntteb / S i a i e s ^ c n a i e
C O M M IT T E E O N B A N K IN G A N D C U R R E N C Y

December 9 , 1940

PH1LJP LEVY, CLERK

M r. E l l i o t t Th u rs to n
S p e c ia l A s s is ta n t
to th e Chairman
Fe d e ra l Reserve Board
W ashington, D. C.

Dear M r. T h u rs to n :
Y o u r l e t t e r o f December 5th w ith
it s

enclosed address by Chairman I c c l e s has

been re c e iv e d in Senator Wagner’ s absence
on v a c a tio n .

I t w i l l be c a lle d to the S e na to r

a tt e n tio n a t the f i r s t o p p o rtu n ity upon h is
r e t u r n to W ashington.




lU A u u a

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O f f ic e o f S e na to r Wagner