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25
March 8, 19U5-

Mr. Isadore Goldstein,
Sioohester Economic Club,
Rochester, Hew York.
Dear Sir:
In response to your courteous card
of March 5» permit me to call your attention
to the enclosed copy of an explanatory statement which I gave out a few days ago.

It is

just possible, though perhaps not probable,
that it might clarify your understanding of
the matter.

I might add that no one forced

me to sake my suggestion.
Very truly yours,

M. S. Bccles,
Chairman.

P.S. By the way, the small town bank, to
which you referred, is a $250,000,000 concern.
M.S.B.

Enclosure