Full text of Statements and Speeches of Marriner S. Eccles : Statement

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STATEMENT BY CHAIRMAN ECOLES

December 4, 1940

For immediate release

Because of the incorrect and misleading accounts, which ap
peared in several newspapers today, of an address which I gave last
Thursday evening in New York before the National Industrial Conference
Boarc, I am making public the full fcnd correct text of that address.

The

meeting was held under the rule which I understand has applied to all such
meetings of the Conference Board that the discussions and addresses are not
public.

Through no fault, I am sure, of the Conference Board, a very much

garbled account has been reported in the press, which particularly mis­
represents what I said with regard to aid to Great Britain, the stabilization
fund and Treasury financing.

Incidental references to these subjects in the

address had to do entirely with monetary problems and have to be read in the
light of the general background of the address.