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December 5 , 1947•

Mr* S. H. Whitehead,
4,21 South M a r g u e r i t a ,
Alhambra, C a l i f o r n i a .
Dear M r .

Whitehead:

Newspaper a c c o u n t s n e c e s s a r i l y g i v e o n l y
a p a r t i a l and o f t e n d i s t o r t e d v e r s i o n o f t e s t i m o n y
and t h i s , I i m a g i n e , a c c o u n t s f o r t h e e r r o n e o u s
i m p r e s s i o n you d e r i v e d f r o m my r e c e n t appearance
b e f o r e t h e J o i n t Committee on t h e Economic, R e p o r t .
A c c o r d i n g l y , I am e n c l o s i n g a copy o f t h e t e x t o f
my s t a t e m e n t .
W h i l e i t ' i s l e n g t h y , " t h e ' suB j e c t " i s comp l e x , and y o u w i l l see t h a t I made no such p r o p o s a l as y o u r l e t t e r i n d i c a t e s .
I made e v e r y poss
i b l e e f f o r t a g a i n s t r e p e a l o f t h e excess p r o f i t s
tax.
I f e l t a t t h e t i m e and have f e l t ever s i n c e
t h a t i t was a v e r y g r a v e m i s t a k e .
0>
v.
Sincerely yours,
v£> *o

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M. S . E c c l e s / v ' ^ X ,
Chairman.
'V0
Enclosure


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