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SALES

AND

SERVICES

OFFICES

IN

PRINCIPAL

CITIES

CABLE

ADDRESS:

"STANREGICO'

211 CONGRESS STREET
BOSTON. MASS.

ompony

MANU

BUS I N ESS

Mariner S. Eccles
Washington D.C.

FORMS

Boston Mass. 1/30/39

My Dear Sir,
I listened to your RADIO ADDRESS last week in answer
to Senator Byrd and your remarks were correct.
Your statement that we must get the national Income
up where it belongs before we begin to economise
is the only sound thing to do.
The President as well as yourself believes we should
have an 80 billion income and is working toward that
end which I think is an easy thing to accomplish,
I feel we are making a hard job out of a simple one,
I have followed your remarks for several years also
those of Harry Hopkins, Jesse Jones as well as our
Presidents and from statements which have been made
by each and all of you I am sure this group posess
all that is necessary to formulate a Program that
would give us a National Income of Eighty Billion
for 1939, a Hundred Billion for 1940 And One Hundred
and Twenty Billion by 1942.
If I could have an interview with you I would gladly
come to Washington and point out to any one or all
of you that in your minds rests the solution of
the above accomplishment.
This must be done if we are going to save our
Democracy.
The solution is to sell the entire output of
all American Labor. It can be done •
My service to the Administration can be had
if requested.
I am very sincerely youri

211 Congress St.
Boston Mass,




FORM

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REGISTERS - KANT-SLIP CONTINUOUS

FORMS - THE REGISTRATOR

PLATEN




February 7, 1939
Mr. John ft. Glapp
The Standard Hegister Company
#dJL Congress btreet
Boston, Massachusetts

Dear Mr. Clapp:
Mr. Eccles has asked me to acknowledge and
thantc you i o yours of January 30 in which you com'r
pliment him for his recent radio address.
it is noted that you believe that a program
could be formulated to give the country a national income of #80 billion for the current year, #100 billion
by 1940 and $li,0 billion by 19^U. i have not heard
anyone close to the /tdministration predict any such a
rapid rise in the national income, most of the predictions for 1939 running in the neighoorhood of $70 billion. One of the serious problems in connection with
a rapid rise iB balance. Tnus in 1936 with a rapid increase, numerous oottlenecks appeared and the even flow
of the exchange of goods and services was restricted.
These bottlenecks cannot be adequately and promptly met
by any single government agency and some of them require
action by both business and labor. 1 think most people
in the financial agencies of the government would be
gratified if the national income could rise as much as
$10 billion a year for the next two or three years. It
would probably be difficult to maintain a good balance
even with that rate of increase.
Yours sincerely,

Lawrence Cl
Assist*
LC/fgr