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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 FLOW 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
