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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM FonnF.a.131 BOARD OF BDVERNDRS OP THE FEDERAL RESERVE SYSTEM pate ^eust 12ยป Office Correspondence TA Governor Draper Subject: Frniw Chairman Eccles A short time ago, you will recall, when the members of the Board were discussing the dangerous inflationary developments, you said you would be interested in seeing a copy of the anti-inflationary program submitted to the President last April by a committee which he appointed, and also copy of a wire which I sent to him from out West shortly after the enclosed memorandum was given to him and a few days before he announced to the nation his 7-point program* I am, accordingly, enclosing copy of both the memorandum and the wire, I think you will agree with me that in the light of what is happening and what is in prospect, the President would have been well advised had he accepted the program as outlined by this committee. Because of their confidential nature, kindly return the memorandum and oom. as you have had a chance to study them. T Attachments 2 Form F; It 131 BOARD OF GOVERNORS OP THE FEDERAL RESERVE SYSTEM Office Correspondence Ta_ Governor Evans Date August 12f I9h2. Subject:. Fram Chairman Eocles A short time ago, you will recall, when the members of the Board were discussing the dangerous inflationary developments, you said you would be interested in seeing a copy of the anti-inflationary program submitted to the President last April by a committee which he appointed, and also copy of a wire which I sent to him from out West shortly after the enclosed memorandum was given to him and a few days before he announced to the nation his 7-poin*t program. I am, accordingly, enclosing copy of both the memorandum and the wire* I think you will agree with me that in the light of what is happening and what is in prospect, the President would have been well advised had he accepted the program as outlined by this committee. Because of their confidential nature, kindly re as you have had a chance to stu Attachments 2 the memo ran dim and BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Office Correspondence To Chairman Eccles From Mr* Szymczek Date August 1942 Subject! Anti-Inflation Program Hie attached copy of the program submitted to the President last April is sound and should be pursued. Certainly, the events since then have established the fact, beyond any question of a doubt, that the program should have been adopted. No time should be lost in adopting it as soon as possible. Thanks much for letting me read and study the Committeef s memorandum. Form F.R. 131 BOARD OF GOVERNORS or THE FEDERAL RESERVE SYSTEM Office Correspondence To Governor Ransom pate Subject: Frrnn Chairman Eccles A short time ago, you will recall, when the members of the Board were discussing the dangerous inflationary developments, you said you would be interested in seeing a copy of the anti-inflationary program submitted to the President last April by a committee which he appointed, and also copy of a wire which I sent to him from out West shortly after the enclosed memorandum was given to him and a few days before he announced to the nation his 'J-^goxnt program. I am, accordingly, enclosing copy of both the memorandum and the wire. I think you will agree with me that in the light of what is happening and what is in prospect, the President would have been well advised had he accepted the program as outlined by this committee. Because of their confidential nature, kindly return the memorandum and $ as you have had a chance to study them. r Attachments 2 F o r m P. R. 511 TO FROM REMARKS: This copy of memorandum and telegram sent to Mr. Vinson on March 139 CHAIRMAN S OFFICE o FaftnF.R.131 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Office Correspondence To Mr. Krost From Chairman Eccles Date^st ig, Subject: For your very confidential inforaation, I am attaching hereto copy of the anti-inflationary program submitted to the President last April by a committee which he appointed, and also copy of a wire which I sent to him from out West shortly after the enclosed memorandum was given to him and a few days before he announced to the nation his 7-point program. I think you will agree with me that in the light of what is happening and what is in prospect, the President would have been well advised had he accepted the program as outlined by his committee. Because of their confidential nature, kindly return the memorandum and wire as soon as you have had a chance to study them. Attachments 2
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