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JAN 27 AM 9 39 WU S020 NL PD SALTLAKECITY UTAH JAN 26 MARRINER S ECCLES FEDERAL RESERVE BOARD HOUR STATEMENT ON THE LONGER WORK WEEK WAS A COURAGEOUS, FORTHRIGHT AND TIMELY PRONOUNCEMENT. YOUR SUGGESTION THE LOGICAL SOLUTION TO OUR MANPOWER SHORTAGE AND AN EFFECTIVE DETERRENT TO INFLATION CONGRATULATIONS ORVAL W ADAMS 8$2A JAN 2 7 . IS January 31 > 1951. Dear Orv< I t was thoughtful of you to send me a wire approving of my statement on the longer work-week, before the Joint Committee on the Economic Eeport in i t s hearings on the President's Economic Program. In case you have not seen my entire statement I am enclosing a copy of i t herewith. I think you may be interested in the f i r s t part, dealing with the inflation aspect of a wrong international policy. With kind regards, Sincerely yours, M. S. Eccles. Mr. Orval ¥. Adams, President, Utah First National Bank, Salt Lake City, Utah. Enclosure http://fraser.stlouisfed.org/ VE;dls Federal Reserve Bank of St. Louis
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