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O X ^ v Z H ^ BEC'D IN FILE6 SECTION FEB 1 7 1948 / p t A ^ u ^ t t y ^ c L C l . " S Z j t a t S L ^ ft '' - ( / I ^C^t^CnrCL^f jf (/tL^ULnr**-^ s&lL**' rf- /y yCfnsvtyO / / b - ^ p t ^ L ^ C c tz^yi&f < 2 C ^ t y s / j U / / / ( ( J i v a . aM Ju^ / y w * / frttms A ^ v / t k / s r * / ^ f r l - ^ * / ^ i a d X^yU^dto-cW a n ^ s ytM^Jc/ J y / u ^ I A C / b o / //JusrC 4/TjLic^- / f yjCfcf a y ^ z j ^ r ^ i ^ y /MJL ^ ^ x j i / C i //^uu/ /U-CsC-*'Z^ / W C ^ - P i o ^ T L / C j - y y t ^ y r i e n r - e ^ u t . j ^ a f i e - J J ^yUs^L Of s i ^ i ^ i A s ^ s & U <L<Hts&i Jt X v " /? / st^a-cu / H & J ? January 15, 1948• Mr* J . A_Soren&en, 614 W. Carpenter, Springfield, I l l i n o i s . Dear Mr. Sorensen: Your l e t t e r o f January 1 1 r a i s e s a quest i o n which i s v e r y l i t t l e comprehended by t h e overwhelming m a j o r i t y o f businessmen or even bankers. Because o f your i n t e r e s t , I am sending you a copy o f our System b o o k l e t , which has j u s t been r e v i s e d and come o f f t h e presses, which undertakes t o e x p l a i n how banks c r e a t e o r e x t i n guish money. I t i s not a simple subject but i f you have t i m e t o study t h i s b o o k l e t , I t h i n k you w i l l f i n d t h e answers t o y o u r q u e s t i o n s . I would be i n t e r e s t e d t o know whether you f i n d t h e booklet helpful. Sincerely yours, M. S. I c e r e s i Chairman. Enclosure ET:b
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