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Mr. Eccles returned thefirew t ^

interest.

He said that Senator

Byrd's thoroughgoing economy and
retrenchment proposals for the gov-

Y U S p o i l e d my Christmas J
O
„

tl

i

ernment were "defeatist". They
meant "retrogression"; they would
Sopard^ze Tm^cracyTTr^Eccles

The "NeWDeal" i s the factor
t h a t i s d e s t r o y i n g Democracy,
(that i s the kind O
f

declared.

that we understand in thr

.

^ n d substituting the
Russian kind. , T „ „
.
What wealth producing measure nas u
&tg 'N.D. put
through?
^
But what can we expect when it is reported that there
are 57 Jewesh advisers among the army of advisers
the President
it

«

isn't going to last for ever.




o

( TH rs--^li3^ t)FCAR D IS FOR AD~DR ESs""*P

Chairman Marriner Eccles
of the Fereral Keserve Board
Washington




B.C.