The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM O f f i c e C o r r e s p o n d e n c e Chairman Eccles prom Date_october u, 191+5. Subject: Mr. Thurston I noted in the American Fiscal P o l i c i e s pamphlet that Harold Groves states? "The conclusion is that the excess p r o f i t s tax should be repealed at the close of the war, the r e peal to become e f f e c t i v e "when extraordinary warcaused p r o f i t s have ceased to exist (perhaps a year a f t e r the war ends)." —-