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oJ * / < ? 3 2. ÇcxJÎc, ■JB S /a -x T . <5t**¿2> / S~~ /j3S~ /~ tz_^óc~J-z=c-^<, 'T^o^r; ^ '¿o ^ l/aj£c<-¿- ■t?* t> *x~^>, ^¿o-^tZi ^ Á a a,*- ' *- ^ J *w y~e>^ C' súj£¿~r~ '^^^K-i, . ¿P^e^- ¿zsf y¿^ 'ÓÉjí- '€«¿-0-* ¿-^(~ J ~¿P^_ r¿-th-*x_JP~á ^&-0L*^u~-x^ ■ó^jt^-y' 0-t~it->-^ ^0-Z*—y Gc^Já /£ * i' -í-' í*v- ’ '^y 'i* T._~ >- . -¿V ~(¿*9f -wjr^cí^w /vCfor FRASER 4+%.* K+-s»x.< Digitized .¿y-*— X<//^Jh>. o Chairman xxxxxxx November 21 , 1935 » M r. L eo p o ld H. W alton, 193U. G ate s Avenue, Box A71B, Redondo Beach, C a l i f o r n i a . My d e ar M r. D a lto n : I have yo u r l e t t e r o f November 15th and am g la d t o have y o u r vie w s on money and bank in g . I n view o f y o u r i n t e r e s t i n th e sub j e c t , I am e n c lo s in g a s te n o g r a p h ic r e p o r t o f th e speech which I made b e fo re th e Am erican B a n k e rs A s s o c ia t io n i n New O r le a n s . V e ry t r u l y y o u r s , M. S . E c c le s , Chairm an. e n c lo su re M SE:VE:b