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CABLE ADDRESS LAFAYETTE, NEWARK

/Ymerican O i l & bupply v_^o
O I L S , C R E A S E S , ACIDS,CHEMICALS
ALCOHOLS, SOLVENTS
238-26O

WILSON

AVENUE

NEWARK, N. J.

May 8, 19S5.

Honorable M. S. Eccles, Governor,
Federal Reserve Board,
Washington, D. C*
Dear Sir:
It is my privilege to acknowledge receipt of
your favor of May 6th, together with a summary of the
testimony which you gave before the Banking and Currency
Committee of the House of Representatives*

This will be

read with great interest as I am very much concerned over
the entire banking legislation and appreciate the fact
that Mr* Henry H. Heimann has asked you to place this
correct testimony in my hands,

a.

Yourlf~very