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88 Bartholdi Avenue
Jersey City, N.J.
January 23, 1939

Hon. Marriner S. Eccles,
Chairman - Federal Reserve System
Washington, D.C.

Dear Sir:

Your reply to Senator 3yrd (National Radio Forum
Hour) represents a philosophy of Government, and shall I
say applied economics, which a great many of us have been
too slow in adopting.

We're moving in that direction at

last, if in fact, a majority have not already arrived.

May I thank you for a fine, sincere, and clear
presentation - and would you favor me, if convenient,
with a copy of the speech for further perusal.




Very truly yours,

H. W. Howerter, Jr,

I

o
January 30, 1939

Mr. H. I . Howerter, Jr.
*
88 #artholdi avenue
Jersey uity, New Jersey
My dear Mr. Howerber:
Chairman Eccles has asked me to acknowledge and thank you for your letter of January 26
in which you commend his recent radio address before the Nationalftadioi*orum. in accordance with
your request, I am enclosing herewith a copy of
that address.

Yours very truly,

o
Lawrence Clayton
Assistant to the Chairman
enclosure




Received in
Chairman's Of8.ce

JAN27 1S33
3oard of C*o vsrnore
of the
Fodoral tteBerve System