Letter to M.S. Eccles, Box 74, Folder 8, Item 12

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Responding to Eccles' statements on the Banking Act of 1935; includes excerpts from an address by Tom M. Steele critical of the Federal Reserve System; includes Eccles' reply. Smith and Steele were on Federal Advisory Board at this time.

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Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102