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1920 Grand Ave,Davenport, Iowa My dear S i r : Jan.% 1939 Read your a r t i c l e U.S.Hews,Jan.3rd.Spending i s pdetermilne.d by those administering same to j u s t i f y ^span-ling. The U.S. spending l a s t few years has prova curse to the welfare of our country, in the ands of Roosevelt .Mr. j a s s e Jones R.P.C.Board dvi sed me l a s t April, between period of Feb. 3-32 o Feb. 28-38, only #1,320,360,^90.58 loaned to 2 liquidate closed banks,for distribution to deposw m i t o r s . -instead ten or more billion should have ei been used, thus placing money Mizn i t would *rl ci r cu l at a i n n atu r al bu sine s s ch anne 1 s, tre e f rom J p o l i t i c a l grafting and ivit'n low administrative J u c o s t . M fattier, a banter for HO years,president y ^ 30 years, succeeded Gov.Kirfcwood wxien he joined * oarfi e l l ' s cabinet f knew baniung.He died in 1905 http://fraser.stlouisfed.org/ g Roosevelt spending, 1 urge per cent i s Federal Reserve Bank of St. Louis Boosav9]t has had no p 09 as economist ;FY.governship a f i t t i n g axarapie.Devaluation of dollar and repudiation of guarantee for Oovmt.bonds has affected oonfidence in financial circles, of prel^nt administration.