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Apt. 4 , ^10 Vaughin Boad, Toronto, Canada. Marriner 3. Eccle3, Esq. , Chairman, Federal Reserve Board, Washington, D. C» Dear Sir*. It was with considerable interest that I ret.d your recent letter in the press in reply to Senator Byrd. I am thoroughly in agreement with your views, and because of the similarity of those viev/a with some that I have held for some time, I am enclosing a brief analysis of profits, investment and government spending on which your opinion and criticism would be appreciated. Trusting that this will not put you to any inconvenience, I am Tours very t r u l y , WD1:3 itf. tf. ROSS - I Ji4iuury 9, 1939. air. feilliajn D. <10 Vaugnan tvocid loronto, oanada. • Dear Mr. This i-- to acknowledge receipt of your letter vvibh reference to my recent reply to Senator tiyrd and enclosing your analysis of profits, investment and government spending, 1 was interested in looking this over b e c o u ^ of thefciirjic'iityof your approach to my own. r.nile I have not yet had an opportunity to give it the close study which it merits, I find myself in accord with your general conclusions. c i wanted you to know that I appreciated your interest and your courtesy in sending this material to me. . oincereiy yours, M. o. Eccles, Cnairman. ET:b ) CO I CD
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