Speech

STATEMENT BY CHAIRMAN ECCLES For immediate release December 4, 1940 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 Board, I am making public the full and 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. Digitized for FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis

Marriner S. Eccles (1940, December 3). Speech. Speeches, Federal Reserve. https://whenthefedspeaks.com/doc/speech_19401204_eccles

@misc{wtfs_speech_19401204_eccles,
  author = {Marriner S. Eccles},
  title = {Speech},
  year = {1940},
  month = {Dec},
  howpublished = {Speeches, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/speech_19401204_eccles},
  note = {Retrieved via When the Fed Speaks corpus}
}