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Form F*. R. 131 B □ AR D D F G O V E R N □ RS □ F TH E FEDERAL RESERVE SYSTEM Office Correspondence Mr. Ecoles Date May 141 1938, Subject:. From______ Mr. Draper Please do not think I am going to keep bombarding you with congratulatory messages. But I cannot refrain from saying that I think your address in Atlantic City to be the clearest and most effective presentation of a confused situation which I hare read since coming to Washington in 1935. Ify only suggestion — which has nothing to do with the speech proper — is that in the future you might give thought to preparing a 4 or 5 page digest of your remarks for the press so that the high lights of sash an important address will not get lost in the shuffle. The Washington Post, for instance, quoted only that part of your address applying to bank examina tions and omitted entirely the real heart of your lucid argument. There ought to be some way to circumvent reporting like that and maybe the above suggestion would help. May 16, 1958, Governor Draper Chairman Eccles You may be sure your messages are more than welcome, especially when they are as encouraging as the one with reference to my talk in Atlantic City* On occasions in the past 1 have attempted to have digests made, but the trouble with that is that most of the newspaper men want the full text, and anyway will write their stories from the full text« They are inclined to be suspicious of di gests or to feel that an effort is being made to usurp their functions to play up whatever they choose« The story you mention with regard to ex* aminatlons is what, X understand, is technically known as a "special** that is, a separate story sent out by press associations dealing with some one part of a speech« This supplements general stories covering the speech as a whole* is to whether the press association report dealing with the whole speech shall be used or just the special, or both, is, of course, a matter of editorial judg ment— poor judgment, it seems to me, in this in stance*
@FedFRASER