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, Form F^B. 181 BDARD DF EDVERNDRB DF THE ^> FEDERAL RESERVE SYSTEM r Office C o r r e s p o n d e n c e To Mr. Dreibelbis From Mr+ Wyatt, General Counsel r^e March 5.1938 Subject: Thanks for your two-page memorandum regarding Patman1 s philosophy and arguments. Does this cover all of his points and all of his arguments? If not, I wish you would kindly prepare another memorandum which summarizes Patman1s philosophy more completely and which summarizes but does not quote all of his principal arguments. There is a separate job which I wish you would also do in this connection - i.e., prepare a speech which could be delivered on the floor of Congress showing how ridiculous many of Patman^ contentions are. Senator Glass once delivered such a speech annihilating a lot of foolish statements which Tom Hefflin had made in a series of speeches on the floor of the Senate. Have someone find this speech for you, and endeavor to prepare a similar speech answering Patman. It might be possible to get someone to deliver it on the floor of the House. Very truly yours, //alter Hyatt, General Counsel. March 8, 1958 Mr, Hyatt Mr« Dreibelbis Regarding your caffluents upon sjy memorandum of the 5th, outlining Patmn's economic philosophy, I do not know that I understand your Inquiry as to whether it covers ail of his points and all of his arguments* There are, of course, many related points which he made in the course of four or five lengthy speeches, all of which may be said to be related to the bill* To detail every point, in my opinion, would expand the memorandum to unusable proportions, but, of course, this can be done* On the other hand, if your inquiry relates to his basie philosophy the memorandum* in my opinion, covers the sane* Perhaps, I can explain this better by discussing it with you, which I would like to do along with the second assignment, to wit, preparing a speech*
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