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December 5, 1940.

Dear Steve:
The Chairman asked me to be sure that
you got the enclosed copy of the talk he gave last
week in New York before the National Industrial
Conference Board in the course of one of their
discussions, which they profess to have off the
record.
Unfortunately, however, a much garbled
version subsequently made its appearance in the
New York Herald Tribune and was widely copied.
Consequently, the Chairman decided late yesterday
to give out the text of what he actually had said.
He thought you might, despite your crowded hours,
have an opportunity to look it over.

Faithfully,

Elliott Thurston,
Special Assistant
to the Chairman.
Honorable Stephen Early,
The White House.

enclosure

ETrb

THE WHITE H O U S E

WASHINGTON
December 7 , 19-40

My dear Mr. Thurstons
Permit me, in the absence of Mr. Early,
to acknowledge the receipt of your letter of
December fifth, with the enclosed copy of the
address made by Chairman Marriner S. Eccles
on November twenty-eighth.

I shall be glad to

bring it to his attention upon his return to
the city.
I know he would want me to thank you,
in his behalf, for your courtesy in sending a
copy of the address to him.
Very sincerely yours,

Honorable Elliott Thurston,
Special Assistant to the Chairman,
Board of Governors,
Federal Reserve System,
Washington, D. C.