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BOARD

DF

GOVERNORS

OF THE

FEDERAL

RESERVE

SYSTEM

Gov.Eccles:
I talked with Gen.Armstrong,who
sounds very keen,and he said it would be
"very salutary" for these officers to get into
their heads the importance of considering the
economic consequences

involved in military

strategy. He hoped you would give them your
slant on this basic matter, as you had done in
talking with

Somervell and others.
%

case you want to use the

big charts— they help in visualizing the
subject— Dick is getting them ready and Gen.
Armstrong said they would have a stand to use,if
you decided to bring them. He als<^3uggested that
he would send an officer and car here at 9:15 to
take you over and bring you back.The officer
will tote charts,if you take them. He wanted you
to stay on and lunch with them but * said your
had an appointment that would make this


http://fraser.stlouisfed.org/
impossible.You'
lid
Federal Reserve Bank
of St. Louis

u A
get back about 10:45-11 aim.