

Table of ContentsCollection OverviewCollection Inventory+/-Biographical Note/Historical NoteContent DescriptionCollection UseAdministrative Information |
Collection Overview +/-
Collection Inventory +/-
series I: Background Information
This section contains biographical information of Eccles; correspondence concerning his Senate confirmation as a governor and later as chairman of the Federal Reserve Board; his correspondence with biographers; and some miscellaneous personal items.
subseries I: Biographical Material
box 1: Biographers (1910-1951)
This section contains biographical information of Eccles; correspondence concerning his Senate confirmation as a governor and later as chairman of the Federal Reserve Board; his correspondence with biographers; and some miscellaneous personal items.
folder 1-3: Life Sketches (1934-1950)
Several magazine articles, a radio address transcript, and a doctoral thesis.
folder 4-7: Confirmation Correspondence (1934-1944)
Correspondence on the Senate confirmation of Eccles as a governor of the Federal Reserve Board.
folder 8-13: Biographical Correspondence (1934-1951)
Eccles' correspondence with publishers of biographical encyclopedias.
folder 14-17: Biographical Correspondence (1935-1951)
Eccles' correspondence with writers and others seeking biographical information.
folder 18: Eccles' LDS Mission Correspondence (1910-1912)
Photocopied correspondence with Eccles' family during his mission in Scotland and a letter from Mormon apostle Heber J. Grant.
folder 19: Brigham Young Memorabilia (1840-1879)
Eccles' personal items, including a photograph and autograph of Brigham Young.
series II: The Washington Years
This part of the collection contains materials from Eccles' service in Washington, D. C., 1934-1951. It is divided into two sections: White House Paper, boxes 2-7; and Federal Reserve Papers, boxes 8-12. Materials in both sections are arranged categorically, then chronologically or alphabetically within each category.
subseries II: WHITE HOUSE PAPERS
Documents in this section pertain to White House activities during Eccles' tenure in Washington, D. C. Most of these materials are correspondence and include only items that actually passed through the White House.
box 2: White House Correspondence (1910-1951)
White House correspondence, concerning the Federal Reserve Board and other miscellaneous issues, with the exception of folders 1 and 2. Folders 1 and 2 contain personal material not related to White House correspondence. This box is kept in the Manuscripts safe.
folder 1: Mission Correspondence (1910-1912)
Correspondence with Eccles' family during his mission in Scotland and a letter from Mormon church apostle Heber J. Grant. Photocopies of this material are in Box 1, Folder 18.
folder 2: Brigham Young Memorabilia (1840-1879)
Eccles' personal items, including a photograph and autograph of Brigham Young. Photocopies of this material are in Box 1, Folder 19.
folder 3-20: Roosevelt Correspondence (1934-1944)
Federal Reserve Board correspondence and addresses about World War II.
folder 21-25: Truman Correspondence (1945-1951)
Federal Reserve Board correspondence.
box 3: Federal Reserve Board Appointments (1935-1951)
President Roosevelt's correspondence concerning Federal Reserve Board appointments and subsequent correspondence with those who were eventually appointed. Many of these items are duplicates of the original correspondence in Box 2.
folder 1-8: Federal Reserve Board Appointement (1935-1951)
Letters and memoranda concerning candidates for the board of governors and bank officers of the Federal Reserve. These materials include correspondence concerning Eccles' reappointment and resignation. Originals are in Box 2.
folder 9-12: Miscellaneous White House (1935-1945)
Miscellaneous correspondence with Federal Reserve Board members.
box 4: White House Banking Policy (1934-1948)
Items relating to White House and Federal Reserve Board activities including banking, government fiscal agencies, and post-war inflation topics.
box 5: Council of Economic Advisors (1934-1951)
Reports and memoranda of the Council of Economic Advisers and the Federal Reserve Board that give insight into Eccles' general economic theories and the philosophy of the New Deal.
folder 1-3: Council of Economic Advisers (1947-1951)
Includes quarterly reports submitted to the Federal Reserve Board for comments and suggestions.
folder 4-13: Federal Reserve Board (1934-1947)
Reports and memoranda prepared for presidents Roosevelt and Truman and their staffs concerning the Federal Reserve Board's role in the New Deal.
box 6: The New Deal (1934-1943)
Correspondence and reports concerning various aspects of the New Deal. Only materials to or from the White House are included.
folder 1-4: National Resources Planning Board (1938-1943)
folder 5: Fiscal and Monetary Committee (1934-1939)
folder 6-8: Program to Increase National Income (1939)
folder 9-10: Income Certificate Plan for Agriculture (1940)
folder 11-12: Economy, Debts, and Business (1940)
box 7: White House Correspondence (1935-1948)
Eccles' responses to correspondence received at the White House and referred to the Federal Reserve Board for reply, as well as speeches, reports, and memoranda he released.
folder 1-7: White House Correspondence for Eccles' Attention (1936-1940)
folder 8-12: Political Materials Furnished by Eccles (1935-1948)
subseries III: FEDERAL RESERVE PAPERS
These documents relate to Eccles' activities before, during, and after his tenure as chairman of the Board of Governors of the Federal Reserve. Topics include the Federal Reserve reorganization, activities, and banking and monetary policy.
box 8: Federal Reserve Reorganization (1934-1950)
Items dated from 1934-1942 include bank bills and reorganization bills. Items dated after 1946 include bills on the streamlining of government banking agencies, the Hoover Commission Report, and reports of the Commission on the Organization of the Executive Branch. The Federal Reserve Board wrote summaries and analyses of these bills and reports.
folder 1-9: Memoranda (1934-1949)
folder 10: Letters (1937-1950)
folder 11-12: Documents (1937-1950)
box 9: Treasury (1934-1938)
folder 1-4: Eccles' Work at the Treasury (1934)
Subjects include bank operation and regulation, inflation and governmental control, ownership of Federal Reserve banks, and the composition and powers of the Federal Reserve Board.
folder 5-9: Treasury and Federal Reserve Board (1934-1938)
Reports and correspondence generated jointly by the Treasury and the Federal Reserve Board concerning the management of money to stimulate the economy during the depression. Some of the documents reveal the developing friction between the two government entities.
box 10: Treasury War Efforts (1939-1943)
Reports and correspondence that emphasize shifts in the Treasury's efforts from attempting to stimulate a depressed economy to that of raising money to finance U.S. participation in World War II. They especially reflect the government's plan to curb inflation through personal and corporate savings and excess-profits taxes. Eccles argued for these measures to prevent post-war inflation, and his insistence frequently brought him into conflict with the Treasury.
box 11: Treasury War Efforts (1944-1947)
Reports and correspondence that emphasize shifts in the Treasury's efforts from attempting to stimulate a depressed economy to that of raising money to finance U.S. participation in World War II. They especially reflect the government's plan to curb inflation through personal and corporate savings and excess-profits taxes. Eccles argued for these measures to prevent post-war inflation, and his insistence frequently brought him into conflict with the Treasury.
box 12: Treasury (1936-1950)
Memoranda prepared by the Federal Reserve Board's staff for Eccles' use in his Tuesday meetings with the Treasury, and correspondence with the Treasury concerning savings bond drives.
folder 1-2: Tuesday Meeting Memoranda (1936-1937)
Subjects include reserves, securities markets, foreign exchange, gold flow, and commodity prices.
folder 3-10: Savings Bond Drives (1941-1950)
Communications between the Federal Reserve Board and the Treasury, and correspondence from individuals and corporations concerning wartime matters.
box 13: Banking Act of 1935
Drafts, testimonies, and correspondence concerning the Banking Bill of 1935. Passage of the bill changed the name and structure of the Federal Reserve system and centralized its power in Washington, D.C., removing it from the control of the Federal Reserve Banks. Eccles believed the act, for which he was chiefly responsible, was his major accomplishment in Washington.
volume 1: Draft of the Banking Bill of 1935
folder 1-4: Drafts and Testimonies of the Banking Bill of 1935
folder 5-7: Bills and Reports of the Banking Bill of 1935
box 14: Banking Act of 1935 (1934-1935)
Memoranda of the Federal Reserve Board and the Federal Deposit Insurance Corporation concerning the Banking Bill of 1935, prior to its passage.
folder 1-7: Federal Reserve Board Documents (1935)
Memoranda and statements concerning Title II amendments to the banking bill.
folder 8: Federal Deposit Insurance Corporation Documents (1934-1935)
Memoranda and statements concerning Title I amendments.
box 15: Banking Act of 1935
Statements, drafts, summaries, and memoranda concerning the Banking Bill of 1935 and Title II and III amendments.
box 16: Banking Act of 1935
Statements, press releases, and correspondence concerning the Banking Bill of 1935.
box 17: Bank Holding Companies (1937-1947)
Statements, drafts, and correspondence relating to bank holding company legislation, initially aimed at preventing a monopoly by the Bank of America, a holding company of the Transamerica Corporation. After the bank's rapid expansion in the western United States, lawmakers introduced several bills to limit its growth, but none passed. The Bank of America was not restrained until a 1947 investigation prompted by the Federal Reserve board of governors. Some news accounts reported that Eccles' involvement in the matter was what moved Truman to ask for his resignation as chairman of the board in 1948.
box 18: Bank Holding Companies (1948-1950)
Statements, drafts, and correspondence relating to bank holding company legislation, initially aimed at preventing a monopoly by the Bank of America, a holding company of the Transamerica Corporation. After the bank's rapid expansion in the western United States, lawmakers introduced several bills to limit its growth, but none passed. The Bank of America was not restrained until a 1947 investigation prompted by the Federal Reserve board of governors. Some news accounts reported that Eccles' involvement in the matter was what moved Truman to ask for his resignation as chairman of the board in 1948.
box 19: Transamerica Corporation (1936-1950)
Correspondence concerning the Transamerica Corporation, owned by the Giannini family of California, and the attempts of U.S. government agencies to prevent further expansion of the Bank of America. This box also contains some material relating to the Federal Reserve Board hearings on Transamerica and Bank of America; for more materials on the hearings, see Box 21.
folder 1-6: U.S. Government Agency Correspondence (1936-1950)
folder 7: Comptroller of the Currency Correspondence (1939-1940)
Correspondence of Preston Delano, comptroller of the currency for the United States, proposing a settlement with Bank of America executives for greater capitalization and resources for the bank.
folder 8: State Bank Conversion Documents (1940)
Materials relating to the attempts of Amadeo P. Giannini and his associates to convert the Bank of America from a national bank to a state bank. Their efforts were aimed at thwarting federal interference.
box 20: Transamerica Corporation (1935-1943)
Correspondence concerning the Transamerica Corporation, owned by the Giannini family of California, and the attempts of U.S. government agencies to prevent further expansion of the Bank of America. This box also contains some material relating to the Federal Reserve Board hearings on Transamerica and Bank of America; for more materials on the hearings, see Box 21.
folder 1-5: Chairman's Reference File (1938-1943)
Letters and reports sent to Eccles, mainly from Comptroller Preston Delano and the Gianninis. These materials document the difficulties between the Federal Reserve Board and the comptroller, and between government banking agencies and the Gianninis. Most of the Federal Reserve documents are in response to Delano's actions.
folder 6-8: Federal Reserve Board Papers (1935-1943)
Materials related to the Federal Reserve Board's interest in Transamerica, Bank of America, and the Gianninis. Chief correspondents are Amadeo P. Giannini, Eccles, and Lawrence Clayton, assistant to Eccles.
box 20 A: Transamerica Corporation (1929-1945)
Correspondence between the Federal Reserve Board and the Gianninis concerning U.S. government attempts to prevent a Bank of America monopoly. These materials were taken from the files of Lawrence Clayton, a Utah associate of Eccles, Eccles' assistant at the Federal Reserve Board from 1934-1945, and a governor of the board from 1947 until his death in 1949. Eccles probably had these files in his possession because of the charges brought against Clayton by the Gianninis during the Transamerica hearings. These materials are especially useful in understanding the personality of Amadeo P. Giannini.
box 21: Transamerica Hearings (1945-1951)
Appendixes A-E contain documents relating to the hearings before the Federal Reserve Board to determine if Transamerica Corporation's western U.S. bank takeovers were in violation of Section 7 of the Clayton Act.
folder 1: Appendix A (1951)
Transcript of the Transamerica hearing, "Proposed Findings and Conclusions Submitted to Hearing Officer [R. M.] Evans on Behalf of Respondent, Transamerica Corporation."
folder 2: Appendix B (1950)
Transcript of the Transamerica hearing, "Proposed Rebuttal Findings and Conclusions Submitted to Hearing Officer [R. M.] Evans on Behalf of Respondent, Transamerica Corporation."
folder 3: Appendix C (1951)
Transcript of the recommended decision in the matter of Transamerica Corporation before the Federal Reserve Board. The company was eventually ordered to divest itself fully of all capital stock in most of the western banks it had recently acquired.
folder 4: Appendix D (1949)
"A Digest of the Testimony of M. S. Eccles in the Hearings upon the Complaint Issued Pursuant to the Clayton Act by the Board of Governors of the Federal Reserve System in the Matter of Transamerica Corporation Given at Washington, D.C."
folder 5: Appendix E (1945)
Memorandum prepared by Preston Delano, comptroller of the currency, "Bank of America National Trust and Savings Association-Branch Applications."
box 22: Transamerica Hearings (1948-1951)
Transcripts of briefs and other materials related to Transamerica hearings, institued by the Federal Reserve Board, to determine if the practices of Transamerica were in violation of Section 7 of the Clayton Act. The hearings began in June 1948 and concluded in June 1951. Transamerica was ultimately ordered to divest itself of twenty-six banks in California, sixteen in Oregon, three in Nevada, and one each in Arizona and Washington. These materials also include documents relating to Transamerica's efforts to disqualify Governors Eccles and Clayton in 1948, and the Federal Reserve Board's efforts to prevent Transamerica from acquiring banks while the hearings were in progress.
box 23: Transamerica Hearings (1949)
Six volumes of Eccles' testimony before the Federal Reserve Board in the Transamerica hearings. Cross-examiners attempted to establish parallels between Federal Reserve branch banks and Transamerica, and to indicate personal hostility of Eccles toward the Gianninis.
box 24: Taxation (1935-1940)
Memoranda, reports, and studies on taxation, most of which were prepared by the Federal Reserve Board. The letters are principally from representatives of various governmental agencies and citizens' groups, either offering advice or asking for relief. Subjects covered in these document include raising revenues for the still-depressed economy, tax on undistributed corporate profits, raising revenues for defense and for combating inflation, excess profits taxes, and mandatory joint returns for married couples.
box 25: Randolph Paul Taxation Papers (1939-1942)
Documents relating to taxation in regard to Randolph Paul, member of the New York law firm of Lord, Day & Lord, lecturer on tax law at Yale and Harvard universities, and one-time adviser to the secretary of the Treasury and to President Roosevelt. Paul wrote a paper at Roosevelt's request on possible changes in the tax law.
folder 1-9: Proposed Tax Law Changes (1939-1942)
Paul's paper on possible changes in U. S. tax law and the Federal Reserve Board's comments on it.
folder 10-13: Treasury Papers (1942)
Letters and reports from the period Paul served the Treasury, first as assistant to the secretary, and then as general counsel. The principal tax concerns reflected in these documents are the raising of revenues to finance World War II, and of combating inflation.
box 26: Taxation
Materials relating to the "pay-as-you-go" taxation plan and the Treasury's tax bill questionnaire. Major concerns documented are post-war planning and inflation.
folder 1-2: Pay-As-You-Go Taxation Plan (1942-1943)
Materials regarding the tax withholding plan devised by Beardsley Ruml, chairman of the New York Federal Reserve Bank and treasurer of Macy's department store. The plan was intended to ease the taxpayer's burden by making collection current.
folder 3-13: Treasury Taxation Questionnaire (1943-1951)
Materials related to a comprehensive questionnaire written by the Treasury to elicit information for a new tax bill.
box 27: Housing (1934-1936)
Reports, memoranda, and drafts of housing legislation prepared by the Federal Reserve Board. Most of these are the work of J. M. Daiger, a mortgage-guarantee businessman from Baltimore, Maryland, and special assistant to the chairman of the board. Daiger was later appointed financial adviser to the Federal Housing Administration and deputy housing administrator. The issues documented here are modernization of substandard housing, slum clearance, bank investment in low-cost housing, the eighty-percent mortgage, housing subsidies, the escalating cost of labor and materials, and defense housing. Also documented is Eccles' advocacy of strict credit controls to offset the inflation created by postwar housing shortages. Eccles became involved with housing concerns while chairing a Treasury committee in 1934. Legislation from the committee created the Federal Housing Administration. Eccles retained interest in housing while he served on the Federal Reserve Board because he believed recovery of the building industry was essential to industrial recovery in general.
box 28: Housing (1937-1938)
Reports, memoranda, and drafts of housing legislation prepared by the Federal Reserve Board. Most of these are the work of J. M. Daiger, a mortgage-guarantee businessman from Baltimore, Maryland, and special assistant to the chairman of the board. Daiger was later appointed financial adviser to the Federal Housing Administration and deputy housing administrator. The issues documented here are modernization of substandard housing, slum clearance, bank investment in low-cost housing, the eighty-percent mortgage, housing subsidies, the escalating cost of labor and materials, and defense housing. Also documented is Eccles' advocacy of strict credit controls to offset the inflation created by postwar housing shortages. Eccles became involved with housing concerns while chairing a Treasury committee in 1934. Legislation from the committee created the Federal Housing Administration. Eccles retained interest in housing while he served on the Federal Reserve Board because he believed recovery of the building industry was essential to industrial recovery in general.
box 29: Housing (1939-1950)
Reports, memoranda, and drafts of housing legislation prepared by the Federal Reserve Board. Most of these are the work of J. M. Daiger, a mortgage-guarantee businessman from Baltimore, Maryland, and special assistant to the chairman of the board. Daiger was later appointed financial adviser to the Federal Housing Administration and deputy housing administrator. The issues documented here are modernization of substandard housing, slum clearance, bank investment in low-cost housing, the eighty-percent mortgage, housing subsidies, the escalating cost of labor and materials, and defense housing. Also documented is Eccles' advocacy of strict credit controls to offset the inflation created by postwar housing shortages. Eccles became involved with housing concerns while chairing a Treasury committee in 1934. Legislation from the committee created the Federal Housing Administration. Eccles retained interest in housing while he served on the Federal Reserve Board because he believed recovery of the building industry was essential to industrial recovery in general.
box 30: Small Business and Labor Issues (1935-1950)
Papers relating to the policy concerning small business, labor, unemployment, the wage-price relationship, and Social Security.
folder 1-2: Small Business (1935-1950)
Documents from 1935, 1949, and 1950 only, relating to small business policy, particularly in regard to the Small Business Act (O' Mahoney bill), which Congress passed in 1950.
folder 3-9: Labor Issues (1936-1950)
Correspondence and reports concerning labor issues. Primary topics for the papers covering 1936-1940 are the wage-price relationship, working hours, and the Fair Labor Standards Act. Those covering the war years, 1940-1945, relate to wage-price controls and their effect on inflation. Papers from 1945-1950 discuss the Murray Full Employment Bill, the Taft-Hartley Act, and the employee conflict at the Federal Reserve Bank of Dallas.
folder 10-13: Social Security (1936-1950)
Reports and memoranda on the Social Security system. The Federal Reserve Board was concerned about the large reserves held by Social Security for pensions and about the 1939 proposal to increase the Social Security tax.
box 31: Economic Stabilization (1942-1950)
Federal Reserve Board reports and memoranda relating to foreign and domestic economic stabilization.
folder 1-2: Foreign Economic Stabilization (1944-1950)
Reports and memoranda relating to postwar economic policy for Germany, Italy, and Belgium; policy for technical assistance to foreign countries; and general foreign economic matters.
folder 3-4: Office of Economic Stabilization (1942)
Memoranda, reports, and correspondence concerning the work of the Economic Stabilization Board, created by executive order on October 3, 1942.
folder 5-12: Correspondence (1942-1944)
Letters and memoranda between the Federal Reserve Board and various governmental and economic leaders on the subject of stabilization.
box 32: Domestic Economic Stabilization (1945-1946)
box 33: Post-War Economic Stabilization (1941-1944)
Papers concerning post-World War II domestic economic planning.
box 34: International Fund (1942-1945)
Correspondence concerning the International Fund, a worldwide monetary order established after World War II to prevent international financial chaos. The United States and Great Britain each put forward an economic plan, but the participating countries had difficulty in setting a date for a meeting because of the need for domestic debate. Consequently, the Bretton Woods Conference in 1944 was referred to as "a meeting of technical experts." The legislation that created the International Fund was drawn up at the conference and is therefore called the Bretton Woods Agreement Act, but the name of the international organization varies. In the planning stages it was called the United and Associated Nations Stabilization Fund; later it became the International Bank and International Monetary Fund. Finally, two organizations were created under the United Nations: the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD). The latter is now known as the World Bank. Eccles was an adviser to the U. S. delegation to the Bretton Woods Conference, and an alternate for the director, Treasury Secretary John W. Snyder. Much of the work at the Federal Reserve Board on this subject was the responsibility of M. S. Symczak, Walter R. Gardner, and J. Burke Knapp. Knapp, after serving at the State Department, was a director of the World Bank for twenty years.
box 35: International Fund (1946-1950)
Correspondence concerning the International Fund, a worldwide monetary order established after World War II to prevent international financial chaos. The United States and Great Britain each put forward an economic plan, but the participating countries had difficulty in setting a date for a meeting because of the need for domestic debate. Consequently, the Bretton Woods Conference in 1944 was referred to as "a meeting of technical experts." The legislation that created the International Fund was drawn up at the conference and is therefore called the Bretton Woods Agreement Act, but the name of the international organization varies. In the planning stages it was called the United and Associated Nations Stabilization Fund; later it became the International Bank and International Monetary Fund. Finally, two organizations were created under the United Nations: the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD). The latter is now known as the World Bank. Eccles was an adviser to the U. S. delegation to the Bretton Woods Conference, and an alternate for the director, Treasury Secretary John W. Snyder. Much of the work at the Federal Reserve Board on this subject was the responsibility of M. S. Symczak, Walter R. Gardner, and J. Burke Knapp. Knapp, after serving at the State Department, was a director of the World Bank for twenty years.
box 35 A: International Fund (1946)
Materials from the first annual meeting of the board of governors of the International Bank and International Monetary Fund, held September 27 through October 5, 1946.
box 36: International Economic Stabilization (1942-1947)
Materials related to the "U.S.-U.K. Top Committee," and the Bretton Woods Conference.
folder 1-10: U. S.-U. K. Top Committee (1942-1947)
Papers concerning activities of the U. S.-U. K. Top Committee, a group comprised of members of the twelve Federal Reserve districts, enlisted by the Federal Reserve Board to educate the public about a $3.75 billion loan to Britain. Although the U. S. government strongly supported the loan as a means of British and international economic recovery, there was some public opposition.
folder 11-18: Bretton Woods Conference (1944-1946)
Documents relating to the Bretton Woods Conference, where forty-four nations met to initiate international postwar financial cooperation. See boxes 34 and 35 for more information on the conference.
box 37: National Advisory Council (1945-1948)
box 38: Miscellaneous Activities (1937-1948)
Materials relating to the Monetary and Fiscal Policy Committee, the Export-Import Bank, the Inter-America Bank, the United Nations Investment Committee, and enemy alien evacuation.
folder 1-10: Monetary and Fiscal Policy Committee (1937-1939)
Papers concerning economic recovery policy involving the revitalization of the housing and railroad industries.
folder 11: Export-Import Bank (1945-1947)
Papers regarding the legislative progress of the Import-Export Bank Bill.
folder 12-14: Inter-America Bank (1939-1942)
Papers regarding the Inter-America Bank as a prototype for the World Bank.
folder 15-16: United Nations Investment Committee (1947-1948)
Materials mainly reflecting Eccles' representation on the committee.
folder 17-19: Enemy Alien Evacuation (1942)
Letters, reports, and memoranda concerning the Federal Reserve System role in the 1942 evacuation of Japanese and Japanese-Americans from the West Coast. The Federal Reserve was charged "to assist the evacuee in the liquidation of his property" and to protect him from unscrupulous creditors. Governor Matthew Szymczak and his assistant, W. B. Pollard, were sent to the West Coast to represent the Federal Reserve Board. These materials include their reports, including their evaluation of Tom C. Clark, chief of civilian staff of the Western Defense Command.
box 39: Canada (1939-1951)
Correspondence between the Bank of Canada and the Federal Reserve Board, and papers from the Canadian-American Joint Economic meetings of 1941 and 1944. Eccles admired Canadian financing, and the Bank of Canada and the Federal Reserve Board had a close relationship.
folder 1-9: Bank of Canada Correspondence (1939-1951)
folder 10: Canadian-American Joint Economic Meetings (1941-1944)
box 40: Eccles-Byrd Controversy (1938-1939)
Materials documenting the conflict between Eccles and Senator Harry F. Byrd of Virginia over economic policy during the New Deal years. Eccles advocated deficit spending during times of high unemployment to stimulate business and provide for the needy. Byrd believed the economic solutions should have included a balanced budget and reductions in taxes and social programs. The controversy became a matter of public interest after Eccles, in a public letter dated December 23, 1938, accused Byrd of distorting his ideas in a speech in Boston. Byrd and Eccles continued the public argument in radio addresses during January 1939. These materials include Eccles' public letter, the radio addresses, and public response.
box 41: Consumer Credit (1934-1951)
Documents relating to consumer credit control, particularly Regulation W, which was implemented by executive order in 1941. The measure gave the Federal Reserve Board authority to control consumer credit. Despite pressure from the Federal Reserve Board and others to keep Regulation W in effect, Congress allowed it to expire on June 30, 1949. In September 1950, however, President Truman reinstated it by executive order. These documents reflect Eccles' support of the regulation and his economic philosophy in general.
folder 1: Government Documents (1947-1950)
folder 2-14: Correspondence, Drafts, and Statements (1934-1951)
box 42: Randolph Burgess (1936-1947)
Correspondence with Burgess, vice president of the New York Federal Reserve Bank, 1920-1938; vice chairman of the National City Bank in New York, 1938-1952; undersecretary of the Treasury, 1953-1957; and U.S. ambassador to NATO, 1957-1961. Correspondence between Burgess and Eccles appears frequently in other parts of the collection. Letters here are not relevant to other subject divisions.
box 43: Confidential Correspondence (1934-1950)
Correspondence and other materials involving Lauchlin Currie, Chester C. Davis, J.P. Dreibelbis, William T. Nardin, General Robert E. Wood, and Ralph Flinders.
folder 1-3: Lauchlin Currie (1934-1950)
Letters written during Currie's years as a member of the Federal Reserve Board, at the White House, and after he moved to Colombia. An ardent Keynesian, Currie was a senior analyst for the Treasury when Eccles was assistant to Secretary Morgenthau. In 1934, he left the Treasury with Eccles and served on the Federal Reserve Board. He took a leave of absence from the board in 1939 to become an administrative assistant for Roosevelt, serving several foreign economic missions. After the war, he became chief of the International Bank for Reconstruction and Development. After being accused of being a communist, he accepted a commission from the Colombian government in 1950 to set up a "little Hoover Commission," and took Colombian citizenship.
folder 4-7: Chester C. Davis (1939-1950)
Correspondence written mostly after Davis left Washington and copies of his speeches on agricultural affairs. Davis was appointed as a governor of the Federal Reserve Board in 1936, representing agricultural interests. In 1940 he was reappointed to a fourteen-year term, but resigned in 1941 to become president of the St. Louis Federal Reserve Bank, a war-time food administrator, and a member of the National Defense Council. In 1951 he became assistant director of the Ford Foundation. Davis and Eccles were close friends.
folder 8: J.P. Dreibelbis (1938-1943)
Correspondence with Dreibelbis, principally regarding problems in the Federal Reserve Board's legal division and Dreibelbis' recommendations for improvement. He joined the legal department of the Federal Reserve Board in 1935.
folder 9: William T. Nardin (1937-1943)
Correspondence and a speech by Nardin, a Federal Reserve agent, chairman of the board of the St. Louis Federal Reserve Bank, and Eccles' friend. Nardin was president of the Pet Milk Company, of which Eccles was a director.
folder 10-11: General Robert E. Wood (1935-1941)
Letters concerning the price and inflow of gold and a copy of Wood's speech, "Our Foreign Policy," given before the Council on Foreign Relations. In 1936, Wood, then president of Sears, Roebuck & Company, was appointed a class C director and deputy chairman of the board of the Chicago Federal Reserve Bank.
folder 12-13: Ralph Flanders Correspondence (1937-1946)
Correspondence with Flanders, president of Jones and Lamson Machine Company in Vermont. Flanders began his correspondence with Eccles and Elliott Thurston in July 1937 when he submitted portions of the manuscript, Towards Full Employment, to the Federal Reserve Board for criticism. He served as chairman of the research committee of the Committee for Economic Development, and in 1944 was appointed president of the Boston Federal Reserve Bank. In 1946, he won his election bid for the U.S. Senate from Vermont as a Republican. Flanders and Eccles' economic views were fairly compatible, and because of his interests and acquaintances, Flanders did much proselytizing for Federal Reserve positions.
folder 14-15: Ralph Flanders Speeches (1937-1945)
box 44: Correspondence and Addresses (1934-1951)
Letters and speeches of Orval Adams, Lewis H. Brown, Stuart Chase, J. I. Craig, James H. R. Cromwell, Cyrus S. Eaton, William Trufant Foster, Rudolph Hecht, B. E. Hutchinson, R. C. Leffingwell, Walter Lippmann, Thomas I. Parkinson, J. David Stern, and Robert P. Vanderpoel. These materials discuss economic ideas. The catalysts for many of the letters are often books, articles, or speeches.
folder 1: Orval Adams Correspondence (1934-1951)
Correspondence with Adams, vice president of the Utah State National Bank in Salt Lake City, and president of the American Bankers Association. Adams worked with Eccles in one of Eccles' banks for ten years. Though the two had very different economic philosophies, they were longtime friends.
folder 2: Orval Adams Speeches (1935-1938)
folder 3: Lewis H. Brown (1947-1950)
Correspondence and a speech by Brown, chairman of the board of Johns-Manville Corporation and a member of the board of directors New York Federal Reserve Bank.
folder 4-5: Stuart Chase (1940-1945)
Correspondence with Chase, a writer for the Twentieth Century Fund and author of many articles on economics. Chase frequently sent advance copies of his publications to Eccles for criticism.
folder 6: J.I. Craig (1944-1948)
Correspondence concerning international monetary affairs. Craig, commissioner for customs at the Ministry of Finance in Cairo, Egypt, first met Eccles at the Bretton Woods Conference.
folder 7: James H. R. Cromwell Correspondence (1936-1940)
Correspondence concerning money and taxation. Cromwell was appointed minister to Canada in January 1940, then resigned in April to enter the election for a U.S. Senate seat for New Jersey, which he lost.
folder 8: James H.R. Cromwell Election Addresses and Papers (1938-1939)
folder 9: Cyrus S. Eaton (1939-1944)
Correspondence with Eaton, a mid-western industrialist, concerning financing by New York interests.
folder 10: William Trufant Foster (1936)
Letters and addresses by Foster, director of the Pollak Foundation for Economic Research. Foster knew Eccles before Eccles went to Washington.
folder 11: Rudolph Hecht (1935)
Correspondence concerning controversies over the Banking Bill of 1935, and a presidential report of the Bankers Association implying that Eccles was in favor of absolute governmental control of banking.
folder 12: B.E. Hutchinson (1944-1947)
Friendly and often sarcastic correspondence with Hutchinson, chairman of the Chrysler Corporation's finance committee, regarding current issues of the National Manufacturers Association platform, high wages, and union power.
folder 13-14: R.C. Leffingwell (1946-1951)
Correspondence and speeches by Leffingwell, chairman of the board of the J.P. Morgan Company, regarding the Federal Reserve Board's role in the 1937-1938 recession, a sensitive subject to Eccles.
folder 15: Walter Lippmann (1935-1941)
Correspondence with Lippmann, columnist for the New York Herald Tribune, focusing on the Banking Bill of 1935. Lippmann and Eccles respected one another's economic views.
folder 16: Thomas I. Parkinson (1945-1948)
Correspondence between Parkinson, president of the Equitable Life Assurance Society in New York, and Allan Sproul, president of the New York Federal Reserve Bank, and between Eccles and Harold G. Brown, vice president of Shenandoah National Bank in Virginia. Parkison was critical of Federal Reserve policy, and Brown was critical of Parkinson's public pronouncements.
folder 17: J. David Stern (1935-1937)
Correspondence with Stern, publisher of the New York Post and the Philadelphia Record, and class C director of the Philadelphia Federal Reserve Bank. Stern supported the New Deal but had an uneasy relationship with Eccles. He resigned his directorship in December 1936 to concentrate on publishing.
folder 18-19: Robert P. Vanderpoel (1937-1951)
Correspondence with Vanderpoel, financial editor of the , the , and a strong supporter of the New Deal. He and Eccles were close friends.
box 45: Banking Correspondence (1935-1951)
Miscellaneous Federal Reserve banking correspondence.
folder 1-4: Bankers' Letters (1935-1951)
Letters containing stockholder reports, sent either as a courtesy or for evaluation.
folder 5-7: New York Federal Reserve Bank Memoranda (1936-1938)
Materials from George Harrison's tenure as president of the bank.
box 46: Federal Reserve Board Staff (1934-1951)
Miscellaneous memoranda and other correspondence of the Federal Reserve Board and its staff, covering such topics as a WPA white-collar project,sanctions against Italy and Ethiopia, a disagreement between Chairman McCabe and the six governors, and the salaries of the board of governors and their staffs.
box 47: Administrative Correspondence (1935-1951)
Materials relating to the construction of an annex between the Federal Reserve Board Building and the War Department Building; Federal Reserve Board correspondence; and the function and organization of various Federal Reserve entities.
folder 1: Annex (1940-1941)
folder 2-5: Federal Reserve Board Correspondence (1935-1950)
Letters to Eccles in Ogden, Utah, from board members and staff.
folder 6-10: District Correspondence (1935-1951)
Letters from members of Federal Reserve Districts concerning Eccles' visits to their districts.
folder 11-18: Federal Reserve Correspondence (1935-1949)
Documents describing the function and organization of the board of governors and departments of the Federal Reserve, as well as special projects of the Division of Research and Statistics.
box 48: James K. Vardaman, Jr. (1946-1951)
folder 1: Letters of Recommendation (1936)
folder 2-3: Vardaman Memoranda (1947-1951)
folder 4-10: Eccles Correspondence (1946-1947)
Eccles' correspondence with Federal Reserve banks regarding Vardaman.
folder 11-14: Federal Reserve Board File (1947-1951)
The Federal Reserve Board file on Vardaman's use of board facilities and services.
box 49: Gold and Capital Issues (1935-1950)
Memoranda pertaining to gold, and documents on capital issues.
folder 11-15: Gold (1935-1950)
Memoranda that reflect a change of interest from the economy of gold and capital inflow during the depression-recovery years, to speculation in gold and its use by foreign countries during the war and postwar years.
folder 16-19: Capital Issues (1935-1950)
Documents reflecting the issues of corporate taxation, taxation of undistributed earnings, and the effect of the Securities Act of 1933 on the formation of new capital.
box 50: Allan Sproul (1935-1957)
Correspondence and other materials mostly by Sproul, president of the New York Federal Reserve Bank 1942-1948, concerning the Federal Open Market Committee, of which Eccles was the chairman and Sproul the vice chairman. These materials relate to the issuing of government bonds and the setting of rates and reserves.
folder 1-3: New York Federal Reserve Bank (1942-1948)
folder 4-21: Government Financing (1935-1951)
box 51: Miscellaneous (1935-1951)
Private letters and documents of the Federal Deposit Insurance Corporation and the Reconstruction Finance Corporation.
folder 1-3: Confidential Documents (1936-1951)
folder 4-11: Federal Deposit Insurance Corporation (1935-1951)
Documents concerning the retirement of FDIC capital stock and the doubling of deposit insurance liability.
folder 12-13: Reconstruction Finance Corporation Small Business Loans (1938-1945)
Papers relating to the Reconstruction Finance Corporation's role in making loans available to small businesses during the war.
folder 14-16: Reconstruction Finance Corporation Liquidation (1946-1951)
Materials regarding RFC liquidation and the scandal associated with the corporation's lending policies.
box 52: Japan and Official Courtesies (1935-1951)
Correspondence between Eccles and foreign banks, government officials, prominent people, and friends. These materials also include an unrelated military report on Japan.
folder 1: Post-War Japan (1948)
U.S. Army report, "The Japanese Recovery Program."
folder 2-3: Miscellaneous Documents (1945-1950)
folder 4-9: Foreign Banks (1935-1951)
Correspondence with national and commercial foreign banks and the embassies of Argentina, Australia, Belgium, Brazil, Britain, Ceylon, Chile, Colombia, Finland, France, India, Japan, Mexico, the Netherlands, South Africa, South Rhodesia, Sweden, and Switzerland.
folder 10-15: Courtesy Correspondence (1935-1951)
Semi-official correspondence between Eccles and prominent people, including Adolph A. Berle, Jr.; Chester Bowles; Dean Brimhall; Stewart Cosgriff; Harry Hopkins; Cordell Hull; Robert La Follette, Jr.; John L. Lewis; David E. Lilenthal; Louis B. Mayer; Adolphe Menjou; Harold Stassen; Edward R. Stettinius; Gerard Swope; Henry Wallace; Sumner Welles; and Wendell L. Willkie.
box 53: Congratulations and Requests (1936-1951)
Eccles' letters of congratulations to various government officials, and letters from commercial journals asking Eccles to submit articles.
folder 1-7: Letters of Congratulation (1936-1951)
Correspondence from Eccles to others, exchanging official courtesies for new appointments and retirements. Most of the correspondents are government officials, including Dean Acheson, W. Randolph Burgess, James F. Byrnes, Thomas G. Corcoran, Joseph E. Davies, Paul H. Douglas, William O. Douglas, Stephen Early, Charles Edison, James V. Forrestal, W. Averell Harriman, Harry Hopkins, Eugene Mayer, Abe Murdock, Drew Pearson, Paul A. Porter, Charles Ross, Rexford G. Tugwell, and Fred M. Vinson.
folder 8-12: Requests for Articles (1936-1951)
box 54: Miscellaneous Letters (1933-1951)
box 55: Comments and Speeches and Articles (1934-1951)
box 56: Senators and Representatives (1933-1942)
Correspondence between Eccles and members of Congress.
folder 1: Lists of Testimonies (1933-1948)
Lists of testimonies given by Eccles before Congress. They are neither complete nor chronological. For more of Eccles' congressional testimonies, see boxes 63-69.
folder 2: Testimony Requests (1944)
Letters asking Eccles to testify before the House Committee on Public Buildings and Grounds, and asking the Federal Reserve Board to prepare materials for proposed amendments to the Legislative Reorganization Act of 1946.
folder 3: Senator Carter Glass
Documents quoting from speeches by Glass, the senator responsible for the original Federal Reserve Act in 1913.
folder 4-18: Senators and Representatives (1933-1942)
Correspondence.
box 57: Senators and Representatives (1943-1951)
box 58: Board Candidates, A-Ma (1934-1936)
Materials on those who applied or were recommended for membership on the Federal Reserve Board. The Banking Act of 1935 changed the composition of the board and the requirements for appointment as a governor, and Eccles and Governor Szymczak were the only holdover members. Therefore, there were more candidates for the board during 1935-1936 than at any other time. Materials are arranged alphabetically.
box 59: Board Candidates, Mi-W (1935-1936)
Materials on those who applied or were recommended for membership on the Federal Reserve Board. The Banking Act of 1935 changed the composition of the board and the requirements for appointment as a governor, and Eccles and Governor Szymczak were the only holdover members. Therefore, there were more candidates for the board during 1935-1936 than at any other time. Materials are arranged alphabetically.
box 60: Miscellaneous Board Candidates (1935-1942)
Materials containing brief information on some of the 1935-1936 Federal Reserve Board candidates, and miscellaneous documents on the legal requirements for candidacy.
folder 1-3: Miscellaneous Candidates (1935-1936)
folder 4: Miscellaneous Board Information (1935-1942)
Information concerning the board, and memoranda regarding the legal requirements for membership.
folder 5: Letters (1935-1936)
Letters about board candidates and the requirements for candidacy.
box 61: Treasury-Board Controversy (1951)
Materials documenting the controversy between the Federal Reserve Board and the Treasury. The conflict was resolved by the actions of Eccles leading to the 1951 Accord between the Treasury and the Board.
box 62: Treasury-Board Controversy (1951)
box 63: Testimonies (1933-1938)
Eccles' testimony before congressional committees concerning various economic issues, including the Banking Act of 1935; his nomination to the Federal Reserve Board; the Frazier-Lemke Farmers' Relief Act; legislation to permit direct obligations of the United States to be used as collateral; amendments to the National Housing Act; the Patman Bill for government ownership of the twelve Federal Reserve banks; and unemployment and relief issues. These materials also include Eccles' letters published in the Congressional Record or made public through the press.
box 64: Testimonies (1938-1941)
Eccles' testimony before congressional committees concerning various economic issues, including the abolition of the Federal Reserve System (the Vandenberg letter); his conflict with Senator Harry F. Byrd over government spending (see box 40); capital aid to small industry and business; the Federal Home Loan Act; and the Patman Bill (non-interest bonds). These materials also include Eccles' letters published in the or made public through the press.
box 65: Testimonies (1941-1945)
Eccles' testimony before congressional committees concerning various economic issues, including tax proposals; a bill to amend the Federal Reserve Act; silver; bank holding companies; industrial loans; changes in bank reserve requirements; and capital gains. These materials also include Eccles' letters published in the or made public through the press.
box 66: Testimonies (1941-1946)
Eccles' testimony before congressional committees concerning various economic issues, including the Price Control Bill; amendments to the Emergency Price Control Bill of 1942; contract termination loans; loans to industry; and extension of the Office of Price Administration. These materials also include Eccles' letters published in the or made public through the press.
box 67: Testimonies (1945-1947)
Eccles' testimony before congressional committees concerning various economic issues, including small business; the Murray Full-Employment Bill; the Reorganization Act; the International Fund and Bank; the Housing Act; the Anglo-American Loan; and the Export-Import Bank. These materials also include Eccles' letters published in the or made public through the press.
box 68: Testimonies (1947-1948)
Eccles' testimony before congressional committees concerning various economic issues, including bank holding companies; small business loans; Regulation W (consumer credit controls); the Reconstruction Finance Corporation; housing mortgages; and a bill to curb inflation. These materials also include Eccles' letters published in the or made public through the press.
box 69: Testimonies (1947-1948)
Eccles' testimony before congressional committees concerning various economic issues, including bank credit; reserve requirements; and the housing bill. These materials also include Eccles' letters published in the or made public through the press.
box 70: Testimonies (1949-1950)
Testimonies, reports, published articles, and correspondence to and from Eccles concerning the work of the subcommittee on Monetary, Credit, and Fiscal Policies of the Joint Committee on the Economy report. The committee, under the chairmanship of Senator Paul Douglas, Democrat from Illinois, studied the controversy between the Treasury and Federal Reserve Board to try to determine their respective roles in formulating monetary policy. The committee report recommended that Congress restore the supremacy of the Federal Reserve System over the nation's credit structure, but it was not acted upon. The Treasury-Board controversy was finally settled by the actions of Eccles leading to the 1951 Accord. See boxes 61 and 62 and the scrapbook of newsclippings.
box 71: Testimonies (1950-1951)
Eccles' testimony before congressional committees concerning various economic issues, including the bill to amend the Legislative Reorganization Act of 1946; the "packing" of the board of governors; housing; Treasury reorganization; social security; and the abolition of the Reconstruction Finance Corporation. These materials also include Eccles' letters published in the or made public through the press.
box 72: Lauchlin Currie (1934-1937)
Memoranda with Currie. See description for Box 43, Folders 1-3, for a brief sketch of Currie's involvement with the Federal Reserve Board and other governmental entities.
box 73: Lauchlin Currie (1937-1939)
Memoranda with Currie. See description for Box 43, Folders 1-3, for a brief sketch of Currie's involvement with the Federal Reserve Board and other governmental entities.
box 74: Addresses (1925-1935)
Eccles' speeches while he was a Utah banker. They reflect his gradual change from a conventional banker to a radical economist, whose congressional testimony brought him national attention and an appointment at the Treasury in January 1935. He was appointed to the Federal Reserve Board later that year.
box 75: Addresses (1935-1936)
Speeches concerning the Banking Act of 1935, and the correspondence they generated.
box 76: Addresses (1936-1938)
Speeches concerning the recession of 1937-1938.
box 77: Addresses (1938-1939)
Speeches concerning economic problems in the United States during Hitler's threat of overrunning Europe. In these speeches, Eccles speaks in defense of capitalistic democracy.
box 78: Addresses (1939-1940)
Speeches concerning economic problems in the United States during Hitler's threat of overrunning Europe. In these speeches, Eccles speaks in defense of capitalistic democracy.
box 79: Addresses (1940-1942)
Speeches covering the war years, when the initial hardships of wartime controls turned into hope for plans of the postwar world. These plans, coupled with the frustration of inflation and the emergence of Soviet influence in Europe, gave rise to debate over the proper role of the United States in world affairs.
box 80: Addresses (1943-1944)
Speeches covering the war years, when the initial hardships of wartime controls turned into hope for plans of the postwar world. These plans, coupled with the frustration of inflation and the emergence of Soviet influence in Europe, gave rise to debate over the proper role of the United States in world affairs.
box 81: Addresses (1945-1948)
Speeches primarily about postwar financial adjustment needs and policies. Eccles made these addresses prior to his demotion from the chairmanship of the board in 1948.
box 82: Addresses (1949-1951)
Speeches from 1949 until his resignation from the board in 1951. Eccles was often openly critical of U.S. economic policy, and his strong enunciation of these beliefs led to a public breach with President Truman and John W. Snyder, secretary of the Treasury.
box 83: Radio and Television Broadcasts (1935-1951)
Transcripts of Eccles' statements, addresses, and interviews on radio and television. These materials also include correspondence elicited by the broadcasts. There is no transcript of Eccles' 1949 television interview.
box 84: Extemporaneous Addresses (1935-1942)
Correspondence, notes, drafts, and transcriptions related to Eccles' frequent extemporaneous speeches. Because most of the speeches did not have titles, they are arranged by date, location, and name of the group addressed. In 1948, after his demotion from the chairmanship of the Federal Reserve Board, Eccles accepted more speaking engagements.
box 85: Extemporaneous Addresses (1943-1948)
Correspondence, notes, drafts, and transcriptions related to Eccles' frequent extemporaneous speeches. Because most of the speeches did not have titles, they are arranged by date, location, and name of the group addressed. In 1948, after his demotion from the chairmanship of the Federal Reserve Board, Eccles accepted more speaking engagements.
box 86: Extemporaneous Addresses (1949-1951)
Correspondence, notes, drafts, and transcriptions related to Eccles' frequent extemporaneous speeches. Because most of the speeches did not have titles, they are arranged by date, location, and name of the group addressed. In 1948, after his demotion from the chairmanship of the Federal Reserve Board, Eccles accepted more speaking engagements.
box 87: Declined Speech Invitations (1934-1937)
Correspondence pertaining to speaking invitations that Eccles declined. The number of invitations received in 1935 from Federal Reserve banks and state banking organizations reflect the national interest in the Banking Act of 1935. A number of invitations were received from prestigious universities in 1939, reflecting increased interest in economic theory.
box 88: Declined Speech Invitations (1937-1942)
Correspondence pertaining to speaking invitations that Eccles declined. The number of invitations received in 1935 from Federal Reserve banks and state banking organizations reflect the national interest in the Banking Act of 1935. A number of invitations were received from prestigious universities in 1939, reflecting increased interest in economic theory.
box 89: Declined Speech Invitations (1943-1951)
Correspondence pertaining to speaking invitations that Eccles declined. The number of invitations received in 1935 from Federal Reserve banks and state banking organizations reflect the national interest in the Banking Act of 1935. A number of invitations were received from prestigious universities in 1939, reflecting increased interest in economic theory.
box 90: Articles by Eccles (1935-1942)
Prints, galleys, and drafts of Eccles' published articles, as well as correspondence with editors and letters of comment from the public. Eccles generally avoided publishing articles in commercial journals and did so only when he felt a critical issue needed that particular forum.
box 91: Articles by Eccles (1943-1951)
Prints, galleys, and drafts of Eccles' published articles, as well as correspondence with editors and letters of comment from the public. Eccles generally avoided publishing articles in commercial journals and did so only when he felt a critical issue needed that particular forum.
box 92: Press Releases (1932-1944)
Various statements Eccles issued to the press.
box 93: Press Releases (1945-1950)
Various statements Eccles issued to the press.
box 94: Appointments and Invitations (1934-1936)
Invitations to Eccles for luncheons, dinners, and meetings, and requests for appointments and introductions. Eccles rarely refused invitations from student groups, or from U.S. and foreign bankers and officials.
box 95: Appointments and Invitations (1937-1939)
Invitations to Eccles for luncheons, dinners, and meetings, and requests for appointments and introductions. Eccles rarely refused invitations from student groups, or from U.S. and foreign bankers and officials.
box 96: Appointments and Invitations (1940-1944)
Invitations to Eccles for luncheons, dinners, and meetings, and requests for appointments and introductions. Eccles rarely refused invitations from student groups, or from U.S. and foreign bankers and officials.
box 97: Appointments and Invitations (1945-1948)
Invitations to Eccles for luncheons, dinners, and meetings, and requests for appointments and introductions. Eccles rarely refused invitations from student groups, or from U.S. and foreign bankers and officials.
box 98: Appointments and Invitations (1949-1951)
Invitations to Eccles for luncheons, dinners, and meetings, and requests for appointments and introductions. Eccles rarely refused invitations from student groups, or from U.S. and foreign bankers and officials.
box 99: Reports (1934-1938)
Miscellaneous reports from various Federal Reserve Board staff members.
folder 1-4: Henry Edmiston Reports (1934)
Reports by Edmiston written when he and Eccles were at the Treasury. Edmiston went to the Federal Reserve Board with Eccles in November 1934.
folder 5-23: Reports (1934-1938)
Reports by Federal Reserve staff members, including Lewis L. Baxter, J. M. Daiger, E. A. Goldenweisser, Woodlief Thomas, Mordecai Ezekial, and Alan R. Sweezy.
box 100: Reports (1939-1940)
Reports by Federal Reserve staff members, including Alan R. Sweezy, Mordecai Ezekiel, Emile Despres, and Alvin Hansen.
box 101: Reports (1941-1950)
Reports by Federal Reserve staff members, including Alan R. Sweezy, Mordecai Ezekiel, Emile Despres, and Alvin Hansen.
box 102: Employment Correspondence (1934)
Letters from those seeking jobs in the Federal Reserve System or with other government agencies. Many of the letters are from Eccles' Utah acquaintances. The correspondence is peripheral to the operation of the board, but is of interest because it reflects social and economic conditions of the years 1934-1947.
box 103: Employment Correspondence (1935-1937)
Letters from those seeking jobs in the Federal Reserve System or with other government agencies. Many of the letters are from Eccles' Utah acquaintances. The correspondence is peripheral to the operation of the board, but is of interest because it reflects social and economic conditions of the years 1934-1947.
box 104: Employment Correspondence (1938-1947)
Letters from those seeking jobs in the Federal Reserve System or with other government agencies. Many of the letters are from Eccles' Utah acquaintances. The correspondence is peripheral to the operation of the board, but is of interest because it reflects social and economic conditions of the years 1934-1947.
box 105: Personal Correspondence (1933-1940)
Correspondence of a personal nature, added to the Eccles collection in March 1981, after receipt of the main body of documents.
box 106: Personal Correspondence (1941-1947)
Correspondence of a personal nature, added to the Eccles collection in March 1981, after receipt of the main body of documents.
box 107: Personal Correspondence (1948-1951)
Correspondence of a personal nature, added to the Eccles collection in March 1981, after receipt of the main body of documents.
box 107A: Personal Correspondence (1934-1935)
Correspondence of a personal nature from Eccles' years at the Treasury, added to the collection as an addendum in 1981.
box 108: Social Events Guest List (1937-1951)
This box contains Eccles' guest lists for parties, dinners, and dances, as well as letters of response and thanks.
box 109: Collection Addendum (1935-1951)
Miscellaneous items, received in 1981 as an addendum to the Eccles collection. These materials contain correspondence regarding the Geneva Steel Works in Provo, Utah, and a file of hostile articles by Leslie Gould, financial editor of the New York Journal American.
box 110: Articles and Testimonies (1943-1977)
This box contains articles and testimonies on the Federal Reserve System, and articles by members of the board.
box 111: John Maynard Keynes (1932-1951)
A file on Keynes that Eccles maintained. Although Eccles' own economic theories differed in many aspects from those of Keynes, he was nevertheless interested in Keynes' ideas.
box 112: Others' Articles and Addresses (1933-1951)
Articles and speeches by others, including Allan Sproul, Chester C. Davis, and Chester Bowles.
series III: Businessman and Public Figure
subseries IV: Speeches and Correspondence-Economic and Political
This section contains speeches and related correspondence on various topics that absorbed Eccles' attention in his later life. Most of these materials pertain to Eccles' views on U.S. economic policy, military involvement in Vietnam, and the world population explosion. Also included in these materials are various media interviews and statements to the press.
box 113: Economic Speeches and Correspondence (1951-1953)
Speeches and related correspondence pertaining to economic subjects, often reflecting the national concern over monolithic communism, which Eccles proposed to combat by ensuring a sound American economy. Although he made these addresses while he was running against Arthur V. Watkins for the U.S. Senate in 1952, the speeches are not directly related to his campaign.
box 114: Economic Speeches and Correspondence (1954-1956)
Speeches and related correspondence concerning economic topics. These materials include Eccles' first speech in which he urges recognition of Communist China and warns against American involvement in Indochina.
box 115: Economic Speeches and Correspondence (1957-1958)
Speeches and a great deal of related correspondence concerning economic and political topics. Included is one of his most important speeches, delivered December 10, 1957, in which he questions the necessity of the Cold War.
box 116: Economic Speeches and Correspondence (1958)
Speeches, related correspondence, and Eccles' testimony before the Senate Finance Committee.
box 117: Speeches and Correspondence (1959)
Speeches, statements, and related correspondence. These materials include Eccles' first addresses in which he criticizes the demands of labor unions, and discusses overpopulation as the great threat to world economic and political stability.
box 118: Overpopulation Speeches (1961-1962)
box 119: Overpopulation Speeches (1963-1964)
Speeches pertaining to the consequences of the population explosion on world economy.
box 120: Overpopulation and Vietnam Speeches and Correspondence (1965)
Speeches and correspondence in which Eccles warns against world overpopulation and U.S. involvement in the Vietnam conflict.
folder 1-7: World Overpopulation (1965)
Addresses and related correspondence.
folder 8: Statement on the Vietnam Conflict (1965)
Statement concerning U.S. intervention in Vietnam. Eccles had the distinction of being one of the first U.S. businessmen to speak against American involvement in Southeast Asia.
folder 9: List of Vietnam Statement Recipients (1965)
Those to whom Eccles sent his statement.
folder 10-14: Correspondence, A-C
Correspondence concerning Eccles' statement on U.S. involvement in the Vietnam conflict. These materials are arranged alphabetically.
box 121: Vietnam Correspondence, D-L (1965)
Correspondence concerning Eccles' statement on U.S. involvement in the Vietnam conflict. These materials are arranged alphabetically.
box 122: Vietnam Correspondence, M-Z (1965)
Correspondence concerning Eccles' statement on U.S. involvement in the Vietnam conflict. These materials are arranged alphabetically.
box 123: Vietnam Speeches and Correspondence (1966)
The speech, "Tight Money-Higher Interest Rates-Causes and Effects," which Eccles gave to various professional and civic organizations, and related correspondence. The speech includes a comprehensive account of the U.S. economy and an evaluation of the effects of the Vietnam conflict on the economy.
box 124: Vietnam Speeches and Correspondence (1967)
Speeches and related correspondence and press clippings. These materials include "Vietnam-Its Effects on the Nation," a speech that includes a comprehensive account of the U.S. economy and an evaluation of it in light of the effects of the Vietnam conflict.
box 125: Vietnam Speech Correspondence, A-L (1967)
box 126: Vietnam Correspondence, M-Z (1967)
Correspondence elicited by Eccles' speech, "Vietnam-Its Effect on the Nation." The correspondence is arranged alphabetically.
box 127: Vietnam Speeches and Correspondence (1968)
Speeches, a February 1968 interview in Forbes magazine, and the correspondence it elicited. These materials are arranged alphabetically and include revised versions of Eccles' speech, "Vietnam-Its Effect on the Nation."
folder 1:
Interview in
Forbes (1968)
magazine interview of Eccles titled, "As I See It."
folder 2-8: Correspondence (1968)
Correspondence regarding the interview, arranged alphabetically.
folder 9: Revised Vietnam Speech (1968)
box 128: Vietnam Speeches and Correspondence (1968)
An introductory speech for Robert F. Kennedy, U.S. senator from Massachusetts and presidential candidate; and a new speech on the Vietnam conflict. These materials include correspondence regarding both addresses.
folder 1: Introduction of Senator Robert F. Kennedy (1968)
Eccles' March 27 introduction of Kennedy at a Salt Lake City political meeting and a list of those to whom Eccles sent copies. Although Eccles was not a supporter of Kennedy, nor even a registered Democrat, he agreed to introduce the senator because it gave him an opporunity to speak on the Vietnam conflict.
folder 2-4: Correspondence Regarding the Kennedy Introduction (1968)
Correspondence regarding Eccles' introduction of Kennedy. These materials are arranged alphabetically.
folder 5: Vietnam Speech--Denver (1968)
Eccles' address, "Vietnam: Politics and Hypocrisy--A Tragedy of Errors," given April 27 before the Business Executives Move for Vietnam Peace in Denver; and a list of those to whom Eccles sent the speech.
folder 6-9: Correspondence Regarding Eccles' Vietnam Speech in Denver (1968)
Correspondence pertaining to Eccles speech against US involvement in the Vietnam conflict. Thses materials are arranged alphabetically by correspondent.
folder 10: Vietnam Speech--Salt Lake City (1968)
Eccles' address, "Vietnam: Politics and Hypocrisy--A Tragedy of Errors," given before the Town Club in Salt Lake City.
folder 11: Vietnam Speech--Detroit, Chicago, and New York (1968)
Eccles' address, "Vietnam: Politics and Hypocrisy--A Tragedy of Errors," given June 25-27 in Detroit, Chicago, and New York.
folder 12-16: Correspondence Regarding Eccles' Speeches on Vietnam (1968)
Correspondence pertaining to Eccles' addresses in Detroit, Chicago, and New York, in which he spoke against US involvement in Vietnam. These materials are arranged alphabetically.
box 129: Vietnam Speeches and Correspondence (1968-1970)
Two of Eccles' speeches on U.S. involvement in Vietnam, "Vietnam: Politics and Hypocrisy-A Tragedy of Errors," and "The U.S. and the World Today," which he first gave in September 1970. These materials also include correspondence and media reports pertaining to the speech, as well as an interview with Dun's Review.
folder 1-6: Speeches, Magazine Articles, and Correspondence (1968-1970)
Addresses and Statements made to the print media, mostly concerning US involvement in Vietnam, and related correspondence and notes.
folder 7: Vietnam Speech--Salt Lake City (1970)
Eccles' speech, "The US and the World Today," given 1 September 1970 to the Salt Lake City Rotary Club.
folder 8: Dun's Review
Interview
(1970)
Eccles' interview for titled, "Don't Blame the Fed."
folder 9-11: Correspondence (1970)
Correspondence regarding Eccles' speech, "The US and the World Today." Letters are arranged alphabetically.
box 130: Speeches and Correspondence (1970-1972)
Eccles' last major addresses and related correspondence. Included are his speech given in 1971 upon his retirement as chairman of the board of the Utah Construction and Mining Company, and his address after receiving the World Trade Club Award in May of 1972
box 131: Extemporaneous Speeches (1951-1957)
Correspondence relating to Eccles' frequent extemporaneous speeches. Eccles had an agency, Clark H. Getts, Inc., which secured speaking engagements for him. Because Eccles made extemporaneous speeches after 1957 of which there are no records, it is possible that his association with Getts was during the 1951-1957 period.
box 132: Declined Speech Invitations (1951-1957)
Correspondence pertaining to speaking invitations that Eccles declined.
box 133: Speech Index and Others' Speeches (1957-1972)
subseries V: POLITICAL FILES
This section contains documents pertaining to political issues of particular interest to Eccles. Included are Eccles' campaign materials from his U. S. Senate election bid; correspondence relating to his campaign, as well as other national and local candidates he endorsed; correspondence with ranking political figures; and a file on various political organizations.
box 134: Senate Campaign Materials (1952)
Endorsements, press reports, and campaign materials regarding Eccles' 1952 U. S. Senate campaign. When he left Washington to return to Utah in July 1951, there was speculation that he would seek the Senate seat of Arthur V. Watkins. He did not announce his decision to run until just before the Republican state convention, however, leaving only six weeks to prepare for the primary, which he lost. While Eccles attributed his loss to the brevity of his campaign, another possible cause for his defeat was his strong identification with the New Deal. But his public break with President Truman over monetary policy seemed to Eccles to preclude his running as a Democrat.
box 135: Senate Campaign Correspondence (1952)
Correspondence related to Eccles' 1952 Senate campaign.
folder 1: Candidacy Announcement (1952)
Letter from Eccles to Republican party delegates, announcing his candidacy for the U. S. Senate.
folder 2: Candidacy Congratulations (1952)
Letters of congratulation to Eccles on his candidacy, and offers and requests to help in securing delegate votes at the Republican state convention.
folder 3-15: Primary Election Correspondence (1952)
Correspondence relating to the primary election. These materials are arranged alphabetically.
folder 16: Campaign Thank-You Letters (1952)
Thank-you letters from Eccles to his campaign workers.
box 136: Presidential Campaigns (1956-1972)
Correspondence concerning Eccles' endorsement of candidates in presidential campaigns. After Eccles' defeat for a Senate seat in 1952, he continued to support the Republican party, but then backed Democrat Adlai Stevenson in 1956. In 1964, Eccles backed Lyndon Johnson, but became disillusioned with him as the Vietnam conflict escalated. In 1968, he looked at both parties for strong anti-war candidates and was consequently disappointed with the choice between Nixon and Humphrey, although he eventually voted for Humphrey. In 1972, Eccles supported George McGovern for president, and gave most of his financial support to strong anti-war senatorial candidates from both parties.
box 137: Other Political Campaigns, A-L
Correspondence related to the campaigns of others, mostly for national offices, but also from local elections, particularly in Utah and California. During the years of the Vietnam conflict, Eccles contributed a great deal of money to the re-election campaigns of anti-war candidates and persuaded family members and friends to contribute also. These materials are arranged alphabetically, usually by candidate, but occasionally by author.
box 138: Other Political Campaigns, M-Z
Correspondence related to the campaigns of others, mostly for national offices, but also from local elections, particularly in Utah and California. During the years of the Vietnam conflict, Eccles contributed a great deal of money to the re-election campaigns of anti-war candidates and persuaded family members and friends to contribute also. These materials are arranged alphabetically, usually by candidate, but occasionally by author.
box 139: Political and Government Figures (1962-1977)
Correspondence with Arthur F. Burns and David M. Kennedy, both of whom served as chairman of the Federal Reserve Board; William McChesney Martin, Secretary of the Treasury; and Mitchell Melich, a solicitor for the Department of the Interior. These materials also include documents related to the Roosevelt Library and other Roosevelt memorials.
folder 1-2: Arthur F. Burns (1969-1977)
folder 3: David M. Kennedy (1965-1975)
folder 4: William McChesney Martin (1964-1974)
folder 5-6: Mitchell Melich (1962-1973)
folder 7: Franklin D. Roosevelt Library (1939)
folder 8-9: Franklin D. Roosevelt Memorials (1947-1977)
box 140: Political Subjects, A-B (1954-1968)
box 141: Political Subjects, C-E (1940-1973)
box 142: Political Subjects, F-I (1956-1969)
Various political statements, articles, pamphlets, and newsletters arranged alphabetically according to Eccles' designated subject titles.
folder 1-4: Foreign Policy (1956-1969)
folder 5-8: Gold (1959-1963)
folder 9-10: Inflation and Deflation (1957-1965)
folder 11: Interest Rates (1968-1969)
folder 12: Speech Material
box 143: Political Subjects, I-S (1957-1972)
Various political statements, articles, pamphlets, and newsletters arranged alphabetically according to Eccles' designated subject titles.
folder 1: Internal Revenue Service (1963)
folder 2: Joint Economic Committee (1957-1960)
folder 3-5: Labor (1958-1965)
folder 6: Monetary and Fiscal Policy (1959-1963)
folder 7: Nuclear Test Ban (1972)
folder 8: Oil and Metal Taxes (1965)
folder 9: Panhandle and Golden Gateway Routes (1966)
folder 10: Senate Finance Committee (1958)
folder 11: Space Program (1969)
folder 12: Speech Materials (1957-1966)
folder 13: State of Utah (1965)
box 144: U.S.-China Relations (1957-1968)
Materials from the National Committee on United States-China Relations, Inc., a group that Eccles supported. Eccles favored recognition of the People's Republic of China and its admission to the United Nations as early as 1951. These materials also include several articles on the Chinese cultural revolution.
box 145: U.S.-China Relations (1969-1975)
Materials from the National Committee on United States-China Relations, Inc., a group that Eccles supported. Eccles favored recognition of the People's Republic of China and its admission to the United Nations as early as 1951. These materials also include several articles on the Chinese cultural revolution.
box 146: Miscellaneous Organizations (1957-1976)
Materials from various political organizations, arranged alphabetically. Eccles had great interest in some of these organizations and only minimal interest in others to which he simply lent his name.
folder 1-4: Americans for Democratic Action (1967-1975)
folder 5: American Good Government Society (1968)
folder 6: Business Committee for Tax Reduction in 1963
folder 7-10: Canadian-American Committee (1957-1959)
folder 11-13: The Center for Study of Causes of War and the Conditions for Peace (Utah State University) (1966-1970)
box 147: Miscellaneous Organizations (1947-1977)
Materials from various political organizations, arranged alphabetically. Eccles had great interest in some of these organizations and only minimal interest in others to which he simply lent his name.
folder 1-3: Committee for Economic Development (1960-1977)
folder 4: Democratic National Committee Advisory Council (1957-1960)
folder 5: Foreign Policy Association (1967)
folder 6: Institute of International Labor Research, Inc. (1960)
folder 7: John Birch Society (1962-1963)
folder 8: National Citizens Committee Concerned About Deployment of the ABM (Anti-Ballistic Missiles) (1969)
folder 9-11: National Committee for International Development (1965-1966)
folder 12-14: National Planning Association (1955-1968)
folder 15-16: United Nations (1966-1975)
subseries VI: POPULATION FILES
This section contains documents and publications reflecting Eccles' interest and activism regarding world overpopulation. Highly involved in the Planned Parenthood Federation of America-World Population Emergency Campaign and the Planned Parenthood Association of Utah, Eccles felt one of the answers to solving world economic and political crises was through widespread use of contraception.
box 148: Hugh Moore Fund (1955-1971)
box 149: Planned Parenthood Association (1963-1979)
Correspondence and newsletters in regard to the Planned Parenthood Association of Utah. Eccles became a nominal member of the organization in 1963 and contributed considerable financial support. But he was not in agreement with Planned Parenthood's philosophy of "every child a wanted child." Instead, he thought people should want fewer children.
box 150: World Population Emergency Campaign (1960-1969)
Correspondence concerning the World Population Emergency Campaign (WPEC). In 1960, Eccles sponsored two fund-raising luncheons for the organization in California, an assignment he apparently did not enjoy. The WPEC merged with Planned Parenthood Federation of America (PPFA) in 1962.
box 151: PPFA-WPEC Correspondence (1963-1976)
Correspondence concerning the Planned Parenthood Federation of America-World Population Emergency Campaign. When the two organizations merged in 1962, their combined fund-raising abilities were ambitious. Eccles was a generous supporter of PPFA-WPEC, although when he began supporting Planned Parenthood Association of Utah, he reduced his national contribution.
box 152: PPFA-WPEC Publications (1964-1978)
Newsletters, reports, and other publications of the Planned Parenthood Federation of America-World Population Emergency Campaign.
box 153: Population Crisis Committee (1965-1976)
Records and documents of the Population Crisis Committee, which was organized to watch, coordinate, and report on government activity on population control. Eccles declined membership on the committee, but lent his name to some of its projects and received the committee's reports, including one on the 1974 World Population Conference in Bucharest.
box 154: Population Reference Bureau Inc. (1959-1974)
Correspondence and reports of the Population Reference Bureau, Inc., one of the oldest organizations formed to address population matters. The bureau's main purpose is educational.
box 155: Population Reference Bureau Inc., Publications (1959-1976)
Pamphlets, press releases, and other publications of the Population Reference Bureau, Inc.
box 156: Miscellaneous Organizations (1958-1970)
Correspondence with the Association for Voluntary Sterilization, the U.S. Congress, and the Worldwide Planned Parenthood Federation, concerning population issues.
folder 1-2: Association for Voluntary Sterilization (1965-1971)
folder 3-6: U.S. Congress (1961-1970)
folder 7: International Planned Parenthood Federation (1958)
box 157: Miscellaneous Documents (1961-1976)
box 158: Miscellaneous Publications, A-F (1962-1977)
Publications pertaining to population problems, published by organizations other than those represented in boxes 148-156. The materials are arranged alphabetically by the issuing agency.S
folder 1: Agency for International Development (1962-1968)
folder 2: Alan Guttmacher Institute (1977)
folder 3: Center for Family Planning Program Development (1973)
folder 4: Center for International Economic Growth (1962)
folder 5: Commission on Population Growth and the American Future (1971)
folder 6: Dag Hammarskjold Foundation (1971)
folder 7: Draper World Population Fund (1975-1977)
folder 8: Executive Office of the President, Office of Science and Technology (1969)
folder 9: Ford Foundation (1968)
folder 10: Foreign Policy Association (1971)
box 159: Miscellaneous Publications, I-W (1961-1977)
folder 1: The (Aspen) Institute for Humanistic Studies (1973)
folder 2: International Planned Parenthood Federation (1961-1968)
folder 3: National Planning Association (1969)
folder 4: President's Committee on Population and Family Planning (1968)
folder 5: SRI International (1977)
folder 6: United Nations Fund for Population Activities (1972)
folder 7: United Nations Association of the United States of America (1969)
folder 8: United States Department of the Interior (1967)
folder 9: W. E. Upjohn Institute (1967)
folder 10: World Affairs Council of Northern California (1965)
folder 11: Worldwatch Institute (1976)
subseries VII: THE VIETNAM CONFLICT FILES
This section contains correspondence, speeches, publications, and other documents of various public figures and organizations concerning the Vietnam conflict. Eccles opposed U. S. military involvement in Vietnam, believing it needlessly sacrificed innocent lives and threatened world economic and political stability. He therefore spent a great deal of time making addresses, raising money, and lobbying for the withdrawal of U. S. troops in Southeast Asia.
box 160: Business Executives Move for Peace (1966-1972)
Correspondence pertaining to the Business Executives Move for Vietnam Peace, organized in 1967 by Henry E. Niles, a Baltimore businessman. The organization's goal was to bring the economically devastating effects of the Vietnam conflict to the attention of the public, the Congress, and the president.
box 161: Businessmen's Education Fund (1969-1974)
Correspondence, reports, and pamphlets of the Businessmen's Education Fund, an offshoot of the Business Executives Move for Peace. The fund, organized by Harold Willens, was created to disseminate information condemning the Vietnam conflict and the growing U. S. military-industrial complex.
box 162: Peace Organizations, A-C (1964-1977)
Correspondence and publications with various anti-nuclear and peace organizations, arranged alphabetically. Many of these groups sought Eccles' moral and financial support. Although most of his financial contributions went to the campaigns of incumbent senators who opposed the Vietnam conflict, Eccles also made donations to many of these organizations, principally the Center for Defense Information.
folder 1: American Friends Service Committee (1964-1969)
folder 2-9: Center for Defense Information (1972-1977)
folder 10: Center for War/Peace Studies (1967)
folder 11-12: Clergy and Laymen Concerned About Vietnam (1967-1970)
folder 13: Coalition on National Priorities and Military Policy (1971-1972)
box 163: Peace Organizations, C-M (1966-1977)
folder 1-2: Common Cause (1971-1975)
folder 3: Council for a Livable World (1969)
folder 4: Dissenting Democrats (1967)
folder 5: Division of Peace and World Order (Methodist Church) (1967-1968)
folder 6-9: Educational Committee to Halt Atomic Weapons Spread (1966-1969)
folder 10: Friends World Institute (1966-1968)
folder 11: Fund for Education in World Order (1969)
folder 12-13: Fund for Peace (1969-1974)
folder 14: Individuals Against the Crime of Silence (1967)
folder 15: Institute for American Democracy, Inc. (1966)
folder 16: Institute for Policy Studies (1967)
folder 17-18: Members of Congress for Peace Through Law (1969-1977)
box 164: Peace Organizations, N-W (1963-1977)
folder 1: National Convocation on the Challenge of Building Peace (1968-1970)
folder 2: Negotiation Now! (1967)
folder 3: Peace Alert USA (1972)
folder 4: Persons Associated for Peace Advertising (1968)
folder 5: Promoting Enduring Peace, Inc. (1966-1968)
folder 6: Resistance Newspaper (1968)
folder 7: Salk, Ward & Salk, Inc. (1966)
folder 8: SANE (National Committee for a Sane Nuclear Policy) (1963-1968)
folder 9: Strategy for Peace Conference (1963-1966)
folder 10: Test Ban Treaty (1963-1972)
folder 11: U. S. Committee to Aid the National Liberation Front of South Vietnam (1966-1967)
folder 12: University of California, Berkeley (The Washington Convocation on the National Crisis) (1967)
folder 13: U Thant, Secretary General of the United Nations (1966)
folder 14: Vietnamese Veterans Against the War (1968)
folder 15: War Control Planners, Inc. (1965-1966)
folder 16: War Resisters League of Northern California (1966)
folder 17-20: World Peace Broadcasting Foundation (1960-1977)
box 165: Miscellaneous Vietnam Documents (1965-1970)
Various papers, much of which is speech material, concerning the Vietnam conflict.
box 166: Vietnam Articles and Clippings (1964-1971)
Copies of newspaper and journal articles, editorials, and letters to the editor pertaining to the Vietnam conflict.
subseries VIII: ORGANIZATIONS-GENERAL FILES
This section contains documents related to various organizations to which Eccles belonged. Eccles was appointed to some of the organizations because of his expertise in economic and political issues, and to others because of his personal feelings in regard to socio-moral issues.
box 168: Hall of Fame Correspondence (1944-1976)
Correspondence concerning Eccles' even terms as an elector to the Hall of Fame. These materials are arranged alphabetically.
box 169: Hall of Fame Candidates, A-L (1945-1960)
Materials pertaining to candidates to the Hall of Fame.
folder 1-21: Susan B. Anthony
folder 3: Clara Barton
folder 4: Alexander Graham Bell
folder 5: Elizabeth Blackwell
folder 6: Andrew Carnegie
folder 7: George Rogers Clark
folder 8: Jefferson Davis
folder 9: Dorothea Lynde Dix
folder 10: Mary Mapes Dodge
folder 11: Mary Baker Eddy
folder 12: Thomas Alva Edison
folder 13: Henry George
folder 14: Josiah Willard Gibbs
folder 15: William Gorgas
folder 16: John Gorrie
folder 17: Robert G. Ingersoll
folder 18: Stonewall Jackson
folder 19: Sidney Lanier
folder 20: Ezra L'Hommedieu
box 170: Hall of Fame Candidates, M-W (1945-1965)
folder 1: Edward McDowell
folder 2: Charles Mazzuchelli
folder 3: Albert A. Michelson
folder 4: Lucretia Mott
folder 5: James E. Oglethorpe
folder 6: Thomas Paine
folder 7: Maud Powell
folder 8: Henry Martyn Robert
folder 9: Sacajawea
folder 10: Elizabeth Cady Stanton
folder 11: Zachary Taylor
folder 12: Sylvanus Thayer
folder 13: George Henry Thomas
folder 14: Henry David Thoreau
folder 15: Unknown Soldier
folder 16: Lillian D. Wald
folder 17: William Henry Welch
folder 18: Horace Mells
folder 19: George Westinghouse
folder 20: Orville and Wilbur Wright
folder 21: Letters Supporting Other Candidates
box 171: Commission on Money and Credit (1958-1961)
Documents related to Eccles' work on the Commission on Money and Credit, established in 1958 by the Committee for Economic Development as a self-governing body to study the financial and monetary institutions of the United States. Such a study had not been undertaken since 1906 when the Albrich Commission performed a similar task, which eventually led to the establishment of a central banking system-the Federal Reserve-in 1913. The Commission on Money and Credit, financed by its mother organization and the Ford Foundation, published its report in 1961 amid criticism for its failure to produce new ideas. Eccles recognized the commission's shortcomings and filed a short dissenting opinion with the report.
box 172: Commission on Money and Credit (1961-1964)
Documents related to Eccles' work on the Commission on Money and Credit, established in 1958 by the Committee for Economic Development as a self-governing body to study the financial and monetary institutions of the United States. Such a study had not been undertaken since 1906 when the Albrich Commission performed a similar task, which eventually led to the establishment of a central banking system-the Federal Reserve-in 1913. The Commission on Money and Credit, financed by its mother organization and the Ford Foundation, published its report in 1961 amid criticism for its failure to produce new ideas. Eccles recognized the commission's shortcomings and filed a short dissenting opinion with the report.
box 173: American Assembly (1957-1975)
Documents and correspondence pertaining to the American Assembly, a Columbia University-based organization created to study various aspects of U.S. economics and politics. Eccles served as a trustee of the assembly form 1959 to 1975, donating a great amount of time and money to it.
folder 1-9: Black Notebook (1957-1975)
Papers from and pertaining to the Black Notebook, the assembly's governing document.
folder 10-15: Correspondence (1959-1964)
Correspondence concerning trustees and meetings.
box 174: American Assembly Correspondence (1965-1975)
box 175: Arden House Assemblies (1957-1963)
box 176: Arden House Assemblies and Regional Assemblies (1959-1968)
Materials pertaining to the American Assembly's Arden House and regional assemblies, at which U.S. economic and political topics were discussed.
folder 1-2: Arden House Assemblies (1965-1968)
The United States and Japan; The Future of American Policy; and Overcoming World Hunger.
folder 3-6: Regional Assemblies (1959-1967)
box 177: Center for the Study of Democratic Institutions (1965-1975)
box 178: Atlantic Council (1959-1975)
Correspondence regarding membership to the Atlantic Council, an organization that evolved from the Atlantic Union Committee, founded in 1949 as an association of Western nations to "meet the growing communist challenge."
box 179: Conference on Public Welfare (1967)
Correspondence pertaining to the New York Governor's Conference on Public Welfare, held November 2-3, 1967, at Arden House, to "improve state and national social welfare policies." University of Utah personnel assisted in preparing materials for the conference.
subseries IX: CORRESPONDENCE-PERSONAL
box 180: General Correspondence, A (1951-1977)
box 181: General Correspondence, B (1951-1977)
box 182: General Correspondence, C-Cof (1951-1977)
box 183: General Correspondence, Col-Cu (1951-1977)
box 184: General Correspondence, D-E (1951-1977)
box 185: General Correspondence, F-G (1951-1977)
box 186: General Correspondence, H-I (1951-1977)
box 187: General Correspondence, J-K (1951-1977)
box 188: General Correspondence, L (1951-1977)
box 189: General Correspondence, M-N (1951-1977)
box 190: General Correspondence, O-R (1951-1977)
box 191: General Correspondence, S (1951-1977)
box 192: General Correspondence, T-Z (1951-1977)
box 193: Senators, A-F (1951-1977)
folder 1: Wallace F. Bennett (1958-1970)
folder 2: Homer Capehart (1954)
folder 3: Howard W. Cannon, Dick Clark, and Joe Clark (1960-1975)
folder 4-5: Frank Church (1960-1973)
folder 6-7: Alan Cranston (1962-1975)
folder 8: Paul Douglas (1952-1968)
folder 9: Clair Engle (1959)
folder 10-18: J. William Fulbright (1951-1977)
box 194: Senators, G-Mc (1954-1977)
folder 1: Walter F. George (1954)
folder 2: Charles E. Goodell and Albert Gore (1967-1970)
folder 3-4: Ernest Gruening and Wayne Morse (1965-1968)
folder 5: Vance Hartke, Lister Hill, and Harold Hughes (1967-1973)
folder 6: Mark Hatfield (1966-1973)
folder 7: Jacob Javits (1965-1967)
folder 8: Estes Kefauver (1960)
folder 9: Edward M. Kennedy (1968-1975)
folder 10: Robert F. Kennedy (1967-1968)
All letters with Kennedy's signature are photocopies. Originals are in the Manuscripts Division safe.
folder 11: Eugene McCarthy (1968)
folder 12-17: George McGovern (1965-1977)
box 195: Senators, Man-W (1951-1976)
folder 1: Mike Mansfield (1966-1970)
folder 2: Wayne Morse (1965-1968)
folder 3-8: Frank E. Moss (1959-1976)
folder 9: Edmund Muskie (1971-1973)
folder 10: Gaylord Nelson (1968-1969)
folder 11: Claiborne Pell (1968-1969)
folder 12: Charles H. Percy (1967-1970)
folder 13: William Proxmire (1971)
folder 14: Hugh Scott (1969)
folder 15: Adlai Stevenson III (1973)
folder 16: Stuart Symington (1963-1973)
folder 17: Robert Taft (1951)
folder 18: John Tower (1972)
folder 19: John V. Tunney (1969-1976)
folder 20: Joseph Tydings (1966-1969)
folder 21: Arthur V. Watkins (1954)
box 196: Representatives (1951-1976)
folder 1: Roger Boas, Chester Bowles, Phillip Burton, and George Bush (1959-1972)
folder 2: Lawrence J. Burton (1963-1970)
folder 3: John G. Dow (1968)
folder 4: Don Edwards (1967-1970)
folder 5: Frank M. Karsten (1951)
folder 6: David S. King (1960-1966)
folder 7: Sherman P. Lloyd (1963-1971)
folder 8: Paul N. McCloskey, Jr. (1967-1973)
folder 9: Gunn McKay (1972-1973)
folder 10: Wilbur Mills (1955)
folder 11: Wayne Owens (1973-1976)
folder 12: Wright Patman (1952-1965)
folder 13: Charles O. Porter and William F. Ryan (1959-1968)
folder 14: Al Ullman and Clement Zablocki (1967-1975)
box 197: Federal Reserve Board/Bank Members (1951-1976)
Correspondence with Federal Reserve Board and Bank members, arranged chronologically. Correspondents include Allan Sproul, C. Norris, Lloyd Adams, Elliott Thurston, David Kennedy, and Spencer F. Eccles.
box 198: Universities and Colleges (1951-1977)
Correspondence with administrators, professors, and students at various U. S. universities and colleges.
folder 1: Brigham Young University (1968-1975)
folder 2: Columbia University (1961-1962)
folder 3: Harvard University (1976)
folder 4: Mills College (1964-1970)
folder 5-8: Utah State University (1952-1977)
folder 9-10: University of Utah (1951-1974)
box 199: Beckoning Frontiers
Correspondence
(1951-1957)
Correspondence concerning Beckoning Frontiers, Eccles' autobiography. In June 1951, Alfred A. Knopf published 5,000 copies of the book, which generated favorable comments from major review sources. Another 1,500 copies were printed in November of that year, and in 1966 the final 1,000 were published. Eccles, who wrote the book with the editorial assistance of Sidney Hyman, called it a "personal as well as an economic history of the past two decades." Over the years, the volume was presented to many of Eccles' business associates, friends, acquaintances, and family members. Although many of the letters in this box are perfunctory thank-you notes, they indicate the wide circle of people Eccles felt would have an interest in the book, and in some cases, add insight into the role each played in the events chronicled in the book. The materials are arranged chronologically.
folder 1: List of Book Recipients (1951-1975)
folder 2-18: Correspondence (1951-1957)
box 200: Beckoning Frontiers
Correspondence
(1958-1978)
box 201: Biography Correspondence, A-M (1976-1977)
Correspondence regarding Marriner S. Eccles: Private Entrepreneur and Public Servant, a biography written by Sidney Hyman and published in 1977 by the Stanford University Graduate School of Business. The book expands upon Beckoning Frontiers, covering Eccles' later years as a private citizen vitally interested in public affairs, especially the Vietnam conflict, population control, and governmental fiscal and monetary policy. Much of the correspondence pays tribute to Eccles' life accomplishments, particularly a letter from Joe Quinney, his brother-in-law. These materials are arranged alphabetically.Correspondence regarding Marriner S. Eccles: Private Entrepreneur and Public Servant, a biography written by Sidney Hyman and published in 1977 by the Stanford University Graduate School of Business. The book expands upon Beckoning Frontiers, covering Eccles' later years as a private citizen vitally interested in public affairs, especially the Vietnam conflict, population control, and governmental fiscal and monetary policy. Much of the correspondence pays tribute to Eccles' life accomplishments, particularly a letter from Joe Quinney, his brother-in-law. These materials are arranged alphabetically.
box 202: Biography Correspondence, N-Z (1976-1977)
folder 1-8: Correspondence, N-Z (1976-1977)
folder 9: Scholarly Reviews (1976-1977)
Responses to Marriner S. Eccles: Private Entrepreneur and Public Servant, by officials from various universities who had received copies of the book from Arjay Miller, dean of the Stanford University Graduate School of Business.
folder 10: Other Reviews (1976-1977)
box 203: Books Received and Quotations (1941-1977)
box 204: Invitations (1951-1955)
Invitations received by Eccles from business, government, and civic leaders, friends, family members, and acquaintances requesting his participation and attendance at various events. Social invitations sent to the Eccles home, however, are not included. Because of his busy schedule, Eccles declined many more invitations than he accepted. He was invited to every presidential inauguration between 1951 and 1977, but apparently attended none of them. This correspondence is arranged chronologically.
box 205: Invitations (1956-1958)
box 206: Invitations (1959-1963)
box 207: Invitations (1964-1968)
box 208: Invitations (1969-1977)
box 209: Christmas Correspondence (1934-1948)
Christmas letters sent by Eccles to some members of the Roosevelt administration, later to associates in the Federal Reserve System, and later still to business associates. The correspondence includes Christmas greetings sent to him beginning in the late 1930s. Apparently, Eccles remained in Washington during the Christmas season in the 1930s, but celebrated the holidays in Utah during the 1940s. The correspondence shows a broadening of his social acquaintances throughout his career. Correspondents include members of the Washington social establishment, including Evelyn Walsh McLean; prominent members of the press, including Walter Lippman, Arthur Krock, and Drew Pearson; and close friends, such as Robert Hinckley.
box 210: Christmas Correspondence (1949-1974)
The collection contains little Christmas correspondence after 1951, when Eccles' second wife, Sallie, began attending to the family social correspondence.
box 211: Condolences and Obituaries (1977-1978)
Letters of condolence-more than 300-and obituaries after Eccles' death, December 18, 1977. Eccles' funeral was held in Evans and Early Mortuary in Salt Lake City, with more than 500 in attendance. Though the funeral was not a Mormon ceremony, the invocation was offered by N. Eldon Tanner, a member of the First Presidency of the Mormon church and First Security Corporation's board of directors.
folder 1: Obituaries (1977)
folder 2: Lists of Letters and Flowers (1977-1978)
Lists of those who sent letters of condolences and flower arrangements.
folder 3: Letters to George Eccles (1977-1978)
folder 4: Letters to Spencer Eccles (1977-1978)
folder 5-21: Letters to Sallie Eccles (1977-1978)
Letters of condolence, arranged alphabetically.
folder 22: Miscellaneous Letters
subseries X: BUSINESS AND BANKING FILES
box 212: Miscellaneous Directorships (1951-1977)
Correspondence and other papers of organizations to which Eccles contributed money and was thus appointed honorary director or trustee.
folder 1: Menninger Foundation (1961-1966)
folder 2-3: National Society for Crippled Children and Adults, Inc. (1951-1954)
folder 4-5: Park City Institute for the Arts and Sciences (1965-1970)
folder 6: Uranium Institute of America (1958)
folder 7: Youngtown (1969-1970)
box 213: Pet Milk Company (1938-1965)
Correspondence and an article in Business Week concerning the Pet Milk Company and Theodore Gamble, its president. The Eccles family sold Sego Milk Company to Pet Milk Company, to which Marriner S. Eccles was appointed as a director.
box 214: Utah International (1910-1976)
Publications and reports from Utah International, a company founded in 1910 by David Eccles and William H. Wattis with $25,000 in capital. It merged with General Electric in 1976, resulting in the largest stock transfer to that time in U.S. history. The company underwent two name changes, from Utah Construction Company to Utah Construction and Mining, and finally to Utah International. Marriner S. Eccles was appointed director in 1922, president in 1931, and chairman of the board in 1940.
box 215: Amalgamated Sugar Company (1963-1977)
Reports, publications, and correspondence of the Amalgamated Sugar Company, for which Eccles served as chairman of the board.
box 216: First Security Corporation (1917-1965)
Publications, statements, reports, and correspondence of First Security, for which Eccles served as chairman of the board.
box 217: Bank Holding Companies (1929-1974)
Correspondence concerning bank holding companies, branch banking, and banking legislation. Correspondents include E. G. Bennett, vice president and manager of First Security Corporation; John Thomas, U.S. senator from Idaho; Charles W. Collins, Washington lawyer for First Security; A. P. Giannini, president of the Bank of America; Senator Carter Glass; the law firm of Ray, Quinney & Nebeker, counsel for First Security; and the Federal Reserve Bank of San Francisco.
box 218: Banks and Banking (1933)
Documents discussing budget cuts in land grant colleges; background material on the Glass and Steagall banking bills; and the Committee for the Nation, an organization that attempted to "rebuild prices and purchasing power." Eccles served on the national auxiliary group of the committee
box 219: First Security Correspondence (1934-1950)
Correspondence with First Security Corporation officials while Eccles was working in Washington.
box 220: Banking Organizations Correspondence (1963-1972)
Correspondence with several banking organizations on a variety of topics.
subseries XI: MISCELLANEOUS MATERIALS
This section consists of miscellaneous materials pertaining to Eccles and his public and business careers. The materials include typescripts of biographies, journal articles, papers from other libraries, and various recordings.
box 221:
Draft of
The Management of Money (1959)
Draft of The Management of Money, which discusses Federal Reserve policy since 1914. Harold Barger, author of the work and professor of economics at Columbia University, met with Eccles in Salt Lake City in May 1958 and was given access to Eccles' papers for his research. In September 1959, Barger sent Eccles a preliminary draft. (See Box 181, Folder 1 for Eccles' comments on the work.) The final book, which was published in 1960 by Rinehart and Co., is not included in this collection. These materials are arranged by book chapters.
box 222:
Typescript of
Beckoning Frontiers (1951)
One of the final carbon-copy typescripts of Beckoning Frontiers, Eccles' autobiography.
box 223: Typescript of Untitled Biography of Marriner S. Eccles (1975)
Revised photocopied typescript of Eccles' biography by Sidney Hyman that was eventually titled, Marriner S. Eccles: Private Entrepreneur and Public Servant. The work was submitted to the University of Utah Press and other publishers, but was finally published by the Graduate School of Business at Stanford University. The typescript is in a binder, accompanied by a two-page handwritten table of contents.
box 224:
Typescript of
Bankers Extraordinary (1973)
Photocopied typescript of Bankers Extraordinary: A History of First Security Corporation, 1928-1973, a book by Leonard J. Arrington, professor of history at Utah State University. First Security sponsored the research and writing of the work, which was never published. Researchers may have access to this volume but may not copy or cite its contents.
box 225: Hyman Index to Eccles' Washington Papers (1978)
The beginnings of an index to Eccles' Papers and related correspondence. Sidney Hyman, author of Eccles' biography, was hired by the Eccles family to complete an index of the papers, which had been arranged in volumes by Va Lois Egbert, Eccles' secretary while he worked in Washington. There was a significant dispute about the project between Hyman and Sallie Eccles, and he was asked to discontinue his work before the project was completed.
folder 1: Hyman's Letter to Sallie Eccles (1978)
Letter to Sallie Eccles in which Sidney Hyman explains the work he had completed on indexing the Marriner S. Eccles papers, and why the task was not proceeding as expected.
folder 2: Hyman Index to Eccles' Washington Papers (1978)
box 226: Archibald Egbert and Dean May (1966-1972)
Research and correspondence of graduate students Archibald Egbert and Dean May, both of whom wrote dissertations dealing with Eccles and his economic theories.
folder 1: Archibald Egbert Correspondence (1966-1970)
Correspondence with Egbert, who was given access to Eccles' papers in preparation of a 1972 doctoral dissertation in history at Brigham Young University titled, Marriner S. Eccles and the Banking Act of 1935. A copy of the work is included in the Eccles collection. Aunt Val, mentioned in Egbert's correspondence is Va Lois Egbert, Eccles' secretary.
folder 2: Dean May Correspondence (1966-1972)
Correspondence with Dean May, a Harvard University student who had written a 1966 seminar paper titled, "The Banking Act of 1935." (See Folder 3.) May had planned to expand on this topic with his dissertation, prospectively titled, The Public Career of Marriner S. Eccles, but changed his focus to Eccles' response to the 1937 recession. This work was published in 1981 under the title, From New Deal to New Economics: The American Liberal Response to the Recession of 1937, which is included in the Eccles collection.
folder 3: "The Banking Act of 1935" (1966)
Dean May's seminar paper.
folder 4: Guide to Eccles' Washington Papers (1968)
May's log book prepared as he microfilmed Eccles' Washington file. While doing his research, May made an agreement with Eccles that granted him permission to produce the microfilm reels on the condition that they later be added to the collection. This frame-by-frame guide, prepared as he worked on the project, shows the Eccles papers in their original order.
box 227: Honors and Awards (1934-1978)
Honors and awards, as well as related correspondence, from various organizations.
folder 1: American Academy of Achievement (1971-1972)
folder 2: Colorado School of Banking Scarboro Memorial Award (1976)
folder 3: Governor's Appreciation Dinner Guest Book (1971)
folder 4-5: Miscellaneous Awards (1934-1978)
Certificates from Amalgamated Sugar Company; American Assembly; American Heritage Research Association, Inc.; Artus; Building Owners and Managers Association; Federal Reserve Board; First Security Corporation; Friends of the University of Utah Libraries; National Planning Association; Reconstruction Finance Corporation; Shareowners Educational Foundation, Inc.; Sigma Chi Fraternity; University of Utah; Utah International; Utah Power & Light Company; and World Trade Club of San Francisco.
box 228: Journal Articles (1934-1967)
Articles by and about Eccles pertaining to his business and public careers, and his feelings about economic and social issues. The publications range from general news magazines, such as Time and Newsweek, to more specialized magazines like Forbes and Fortune, to highly specialized publications, such as Burroughs Clearing House and The Churchman. These materials are arranged chronologically. However, oversized materials are all in Box 230.
box 229: Journal Articles (1968-1977)
box 230: Oversized Journal Articles (1934-1977)
box 231: Materials from Other Libraries (1933-1974)
Photocopied materials from other libraries, principally from the collections of Eccles' Washington colleagues, that pertain to Eccles.
folder 1: Allan Sproul Papers (1948)
Biographical data from the Bancroft Library, University of California at Berkeley.
folder 2: Franklin D. Roosevelt Papers (1933-1941)
Eccles' nomination and renomination to the Federal Reserve Board, and related correspondence, from the Franklin D. Roosevelt Library, Hyde Park, New York.
folder 3-12: Henry Morgenthau, Jr., Papers (1934-1940)
Materials from the Franklin D. Roosevelt Library, Hyde Park, New York, that document Eccles' relationship with Morgenthau.
folder 13: The Era of Franklin D. Roosevelt (1974)
A 360-page Roosevelt selected biography that lists periodical, essay, and dissertation literature from 1945 to 1971, including manuscripts, microfilm, and oral history collections in the Franklin D. Roosevelt Library, Hyde Park, New York.
folder 14: Samuel I. Roseman Papers (1944)
Limited correspondence from the Franklin D. Roosevelt Library, Hyde Park, New York.
folder 15: Henry A. Wallace Papers (1942)
Limited correspondence from the Franklin D. Roosevelt Library, Hyde Park, New York.
box 232: Materials from Other Libraries (1934-1955)
folder 1: Stuart Chase Papers (1935-1948)
Correspondence from the Library of Congress.
folder 2-7: Emanuel A. Goldweiser Papers (1934-1951)
A finding aid, notes, and correspondence from the Library of Congress.
folder 7a: Jesse J. Jones and Ernest G. Draper Papers (1936-1955)
Materials from the Library of Congress that contain no significant information about Eccles.
folder 8-9: Federal Reserve Records (1935-1952)
Lists of Federal Reserve records covering the period 1914-1954. These materials were transferred to the National Archives in September and December 1975.
folder 10-15: Harry S. Truman Papers (1934-1949)
Materials from the Harry S. Truman Library in Independence, Missouri, pertaining to the Federal Reserve Board in the 1940s, and Eccles' change of status on the board in particular.
folder 15: Carter Glass Papers
Microfilm copy of the Glass inventory and index from the University of Virginia Library, showing more than twenty references to Eccles.
box 233: Columbia University New Deal Collection
box 234: Washington File on Microfilm (1910-1951)
Microfilm reels containing Eccles' Washington file in its original order before being processed as a manuscript collection. A guide to the microfilms, completed in 1968 by Harvard University graduate student Dean May, is contained in the folder.
box 235: Washington File on Microfilm (1910-1951)
box 236: Recorded Vietnam Speeches (1966-1970)
Reel-to-reel and cassette tape recordings of speeches delivered by Eccles and others regarding peace in Vietnam and the world in general. Other speakers include Senator Wayne Morse and Professor Chris Hoch. These tapes are kept in the audio-visual collection.
box 237: Recorded Vietnam Speeches (1966-1968)
Reel-to-reel tape recordings of speeches delivered by Eccles and others regarding peace in Vietnam and the world in general. Other speakers include John M. Kelly, Jr., Senator Wayne Morse, Jerome D. Frank, Norman Thomas, William Sloane Coffin, Jr., Erich Fromm, Gunnar Myrdal, and Russell Johnson. These tapes are kept in the audio-visual collection.
box 238: Miscellaneous Recordings (1951-1977)
Reel-to-reel and cassette tape recordings of two of Eccles' speeches, Eccles' family reunion oral history of his father, Sallie Eccles' birthday tributes to her husband, a reading of Marriner S. Eccles: Private Entrepreneur and Public Servant, and some interviews conducted by Gwen Gittins and Everett Cooley. These tapes are kept in the audio-visual collection.
box 239: Appointment Calendars (1966-1977)
Eccles' Salt Lake City and San Francisco day books as maintained by his secretaries. These materials, arranged chronologically, also include one daily appointment record book for 1968.
box 240: Addendum (1977-1985)
Miscellaneous materials, concerning Eccles and his family, that were added to the collection after it was processed.
folder 1: List of Eccles Collection Materials (1982)
folder 2: Newsclippings of the Federal Reserve Board Building Dedication (1983)
folder 3: Unveiling of the Chairmen Portraits (1979)
Photocopied program of the unveiling ceremony for the portraits of the Federal Reserve Board chairmen, including Eccles.
folder 4: Federal Reserve Board News Clippings (1983)
folder 5: Eccles' Funeral Service Program (1977)
folder 6: First Security Corporation Clippings (1983)
folder 7: New Deal Clippings (1983)
folder 8: Index to Eccles' News Clippings Scrapbook (1979)
folder 9: "Marriner S. Eccles and the Accord" (1984)
A paper that outlines the part played by Eccles in the Federal Reserve Board-U.S. Treasury Accord, 1951.
folder 10: Utah Construction Company
A copy of the finding aid from Special Collections, Stewart Library, Weber State College, "Utah Construction Company, Corporate Records Survey, 1906-1961."
folder 11: Miscellanea
box 241: Eccles' Register Inventory and Indexes
This preliminary register was primarily the work of Gwen Gittins who processed most of the collection. Mrs. Gittins resigned her position at the library in 1982. Limited sections of the collection processing and register writing were completed by Nancy Young. This version has been retained because of the substantial detail found in the inventory which may be useful to some researchers. Biographical Note/Historical Note +/-"Brigham Young was the colonizer; Daniel Jackling the mining giant, and Marriner S. Eccles was Utah's premier financial genius," was the introduction to a 1977 Deseret News review of Eccles' then-recently published biography. The biography, Marriner S. Eccles: Private Entrepreneur and Public Servant, as well as a previously published autobiography, Beckoning Frontiers, detail the life of this remarkable man. He became the "principal economic philosopher of the New Deal," according to James Gardner, a professor in the University of Utah's College of Management. Another review of Eccles' biography stated, "The political and institutional principles he advocated and laid down as head of the 'Fed' are the very armature of the legislative structure under which US business and finance now operates." Marriner Eccles, born 9 eptember 1890, to David Eccles and his second wife, Ellen Stoddard, was the oldest of nine children. David Eccles, a leading Utah entrepreneur and a Mormon polygamist, also had twelve children by his first wife, Bertha Maria Jensen. To distinguish between the two families, Bertha and her children were known as the Ogden Eccleses; Ellen and her children as the Logan Eccleses. The significance of these geographical distinctions was later diminished when Marriner Eccles moved to Ogden and centered his business pursuits there during the 1920s. Ellen Eccles and her children lived alternately in Baker, Oregon, and in Logan, Utah, because of her husband's business interests in both places. Sidney Hyman, author of Eccles' biography, speculates that because of her uncertain status as a plural wife (the Mormon church declared an end to polygamy in 1890), and thus a diminished sense of financial security, Ellen Eccles instilled in her sons a strong work ethic and the drive to become successful. She reasoned that their success would ensure her security, as was to be the case. David Eccles, reputed to be the largest tithe payer in the Mormon church, died unexpectedly and intestate in 1912 at the age of 65. Although all of his children from both families shared equally in their father's estate, there was only one legally recognized widow--Bertha Eccles. The Logan Eccleses were left with a two-sevenths share, and the Ogden Eccleses with five-sevenths of the multi-million dollar estate. Marriner Eccles attended Brigham Young College in Logan, Utah, which functioned more as a high school than a college. He left school in June 1909 at the age of 18; this was to be the end of his formal education. His father, whose schooling was limited, did not believe an extended education was necessary for success in business, and Marriner proved him correct. As the oldest son in his family, the responsibility for the welfare of his mother and his eight brothers and sisters, as well as the administration of the estate left them by their father, was thrust upon him. In the meantime, he did what most other young Mormon men did-he served a mission for his church. From 1910 to 1912 he was in Scotland, the country his father left as a penniless youth. While in Schotland he met May Campbell Young (Maysie), his wife-to-be. On his return to Utah they corresponded, she joined him in Utah, and they were married in 1913. His marriage and business career began at the same time. He first became president of the Hyrum State Bank, and a director and officer of the Thatcher Brothers Bank in Logan, two institutions in which his father had held significant interests. In 1916 he organized the Eccles Investment Company, a holding company, to manage the inheritance left to the Logan Eccleses. This holding company would exist for the next sixty years. Throughout the 1920s he built his business base in Utah. He assumed control of the First National Bank and First Savings Bank of Ogden. Eccles was also able to assume control of or take a leading role in the direction of several companies in which his father had held interests. These companies included Stoddard Lumber, Sego Milk, Eccles Hotel Company, Anderson Lumber, Mountain States Implement, Utah Home Fire Insurance Company, Utah Construction, and Amalgamated Sugar. David Eccles was described by Leonard Arrington, Utah historian, as being a "man of vision, an analyst, an independent thinker, a fashioner of strong organizations and strong policies." While Marriner Eccles inherited these qualities from his father, they seemed lacking in the Ogden Eccleses. Their share of David Eccles' estate was much larger than that of the Logan Eccleses', but it dwindled considerably over the years. The inheritance of the Logan Eccleses, on the other hand, under Marriner's sound management, grew handsomely. According to Hyman, "The Ogden Eccleses would in time virtually disintegrate as a family while the Logan Eccleses, with Marriner in control, were held together over the passing decades despite many internal strains." By 1918, Marriner and Maysie Eccles were the parents of three children: Campbell, Eleanor, and John (a fourth child died at an early age). During the next decade Eccles acquired, seemingly without conscious design, interests in additional banks. This led to the formation of the First Security Corporation in 1928 with Marriner serving as president and his brother George as a vice president. The corporation is believed to have been the nation's first bank holding company. At the end of the 1920s, Marriner Eccles had achieved a full measure of success. The next decade would tell a different story. By 1930, the nation was in the grip of the Great Depression, and Eccles stood to lose much of what he had worked for during the previous eighteen years. As he reflected on the dynamics of the national economy and the responsibilities of business and government toward society, he decided that "hard work and thrift as a means of pulling us out of the depression is unsound economically. True hard work means more production, but thrift and economy means less consumption." Since these two forces were difficult to reconcile, his answer was that of controlled deficit financing on the part of government. Eccles was often asked to address local groups about his fiscal and monetary views. One group particularly interested in his ideas was an organization of Ogden businessmen called the Freidenkers. German for free-thinkers, they were also known phonetically as the "free-drinkers." Eccles was a member of this group. Another member was Robert Hinckley, who later served in the Roosevelt administration. Hinckley was a nephew of Senator William H. King, a Utah Democrat, who was a member of the Senate Finance Committee. The committee had been directed to determine the causes of the depression and to suggest legislative remedies. Hinckley recommended to Senator King that Eccles should be invited to testify before the committee. Eccles' ideas about the need for government intervention in the economy and deficit financing directly contradicted the testimony offered by others. However, because of his testimony and subsequent meetings with men close to President Franklin D. Roosevelt, he was asked to join the administration as an assistant to Secretary of the Treasury Henry Morgenthau, Jr. He accepted and began his duties in February 1934. In November of that year he was nominated by Roosevelt to head the Federal Reserve System; the Senate approved this appointment 25 April 1935. In 1936 he was appointed as chairman of the board of governors of the newly restructured Federal Reserve System created by the Banking Act of 1935. Eccles has been given credit as being the architect of the Federal Housing Act of 1934 and the Banking Act of 1935. He continued in Washington for seventeen years as head of the nation's banking system, and provided strong leadership during the turbulent years of the depression and World War II. He often disagreed with the secretaries of the Treasury and both presidents under whom he served. These disagreements are well documented; Eccles was not a man to conceal his feelings about monetary and fiscal policies. After his initial successes in the mid-thirties, he turned his attention to two other issues. The first was the unification of the country's banking system, and in this endeavor he was not successful. He based his acceptance of reappointment to the board of governors in 1944 on Roosevelt's implied endorsement of the Eccles Unification Plan. It was not until the mid-1970s that this was accomplished, however, under then-Federal Reserve chairman Arthur Burns. The second issue involved a long-standing disagreement with the Treasury Department and both secretaries, Morgenthau and Snyder, about the best way to handle the inflationary pressures building as a result of World War II. Eccles was more successful with this issue, and saw most of his ideas realized by the Accord of 1951. While Eccles was in Washington he was fortunate to have able men in Utah to maintain his business interests. In particular, his brother George profitably managed the First Security Corporation. Marriner did not completely remove himself from his Utah interests, however, for he assumed the position of chairman of the board of both Utah Construction and Amalgamated Sugar in the 1940s. Although his professional career was flourishing, his relationship with his wife Maysie deteriorated. They were divorced in 1950, after thirty-seven years of marriage. The early 1950s marked several changes in Marriner Eccles' life. In 1948, because he disagreed with President Harry S. Truman's economic policies, Truman did not reappoint him as chairman of the Federal Reserve Board. Eccles was, however, still a governor of the board, as these appointments are made for fourteen years. Because he was no longer chairman, he felt that he could speak more openly about his disagreements with the administration, As his Washington career was winding down, he began writing his autobiography and retained Sidney Hyman to assist him. The book, Beckoning Frontiers, was published in 1951, the same year he resigned from the Federal Reserve Board and the same year he remarried. His new wife, Sara (Sallie) Madison Glassie, was socially prominent in Washington, D.C. Although Eccles returned to Utah, he did not think of it as a permanent move. He mounted a brief campaign to wrest the Republican senatorial nomination from the incumbent, Arthur Watkins. Even though he was unsuccessful and he was in his early sixties, an age when most men think of retirement, Eccles was not one to retire and live on memories. Instead, he resumed active participation in his numerous business interests, primarily Amalgamated Sugar and First Security Corporation in Utah, and Utah Construction and Mining based in San Francisco. He divided his time between Salt Lake City, where he and Mrs. Eccles maintained an apartment at the Hotel Utah, and San Francisco, where they also maintained an apartment. On occasion they visited their cottage at the Eldorado Country Club in Palm Springs, California. Golf was Eccles' favorite pastime and over the years he belonged to the Burning Tree and Chevy Chase Country Clubs in Washington, D.C., as well as various other clubs. Eccles' prime objective for the past four decades of his life was to "help lay the foundations for a stable economic order at home and in the world areas," and he felt compelled to share his concerns and solutions with every possible audience. Whereas during the 1950s he had devoted himself primarily to his business interests, in the 1960s he became more active in speaking and writing about issues of public concern. The specific issues of critical interest to him were those of world over-population, the war in Vietnam, and to a lesser extent, the need for US recognition of Red China. He felt these problems were responsible for a great deal of instability in the world and prevented the realization of the stable economic order he had worked so hard to achieve. He wrote and spoke often about these issues to a wide variety of audiences, ranging from the Commonwealth Club in San Francisco, of which he was a member, to the Brigham Young University student body and his own family reunion (encompassing his father's large progeny), to whom he lectured on the importance of birth control. He also spoke at small meetings, such as the Unitarian Church in Salt Lake City. From all of these audiences he usually received mixed reviews. In 1972 he delivered his last public speech before the World Trade Club in San Francisco, who presented him with their International Achievement Award. Eccles' ideas and opinions over the years had often been controversial and in many cases ahead of their time, but by 1972 many of his concepts were more widely accepted, and the Trade Club members applauded him enthusiastically. Although his public role had increased significantly in the 1960s, his role in business had not diminished. The early 1970s, however, witnessed a winding down of his business commitments, and the lines of succession were arranged. Utah Construction and Mining became Utah International in 1971. That same year he stepped down from his active board chairmanship and became honorary chairman of the board. In 1975 he also stepped aside as his brother George became chairman of the board of the First Security Corporation. Eccles Investment Company, which had been formed some sixty years earlier in an attempt to further the inheritance of the Logan Eccleses, was now disbanded. Over the years much of its stock had been distributed to its stockholders, and in 1970 its affairs were so arranged that all its assets were sold, except the stock in Utah Construction. The proceeds from these sales were then used to buy stock in that firm. Eccles Investment Company was liquidated, leaving its stockholders with only Utah Construction stock, which then became Utah International. In December 1976, Utah International merged with General Electric, constituting the largest corporate merger in US history to that time. Details of the merger were worked out by Edmund Littlefield, who had succeeded Eccles as Utah International's chairman. The effect of this merger was to greatly increase the value of the stock previously held in Utah International. An example of the increased stock value was demonstrated by the holdings of Eccles's long-time secretary, Va Lois Egbert, whose personal investments had been handled by Eccles. When her will was probated in 1978, following her death in November 1976, her estate was valued at approximately $4 million, instead of the anticipated sum of $250,000-largely due to the increased value of the Utah International stock. The University of Utah Medical Center was the recipient of the bulk of her estate, receiving $3.6 million dollars, the largest single donation ever made to the institution to that time. In addition to the time he gave to his public concerns and business interests, Eccles found time to serve on a few special committees and select groups. Notable among these was the board of the American Assembly sponsored by Columbia University. The group met yearly and sponsored publications regarding issues of public concern. Many of these books and publications can be found in the Marriner S. Eccles Library of Political Economy, a part of the Eccles collection. After Eccles finalized arrangements for both his business and personal affairs, he initiated "bequests designed to encourage the emergence of young leaders of the future who could recognize, as he did, 'that the good of the individual, the family, and the community was indivisible with the good of the larger national and world society." One form these bequests took was a series of contributions to the University of Utah for fellowships. He also established the Marriner S. Eccles Library of Political Economy, and created the Marriner S. Eccles Foundation. The Foundation funds various causes within Utah, encompassing private, non-governmental, charitable, scientific, and educational organizations for the benefit of the citizens of the state. Eccles also established the Marriner S. Eccles Professorship of Public and Private Management at the Stanford University School of Business in 1973. During 1977, Eccles' health worsened, and he stopped traveling between San Francisco and Salt Lake City. He died in Salt Lake City on 18 December 1977. Eccles' funeral service was held 22 December 1977, in Salt Lake City and was described as "brief" by the Deseret News. Edmund Littlefield and Joe Quinney spoke movingly about his character and the qualities which set him apart from most other men. R. H. Burton, who presided at the service, summed up the meaning of those remarks when he noted that, "rarely has an individual affected the lives of so many." Eccles is well remembered by many. His descendants and other family members continue to contribute generously to Utah institutions. From time to time his name appears in a newspaper article, and in 1982 the main Federal Reserve Building in Washington, D. C., was named in his honor. A more personal tribute is contained in a letter written to Eccles in June 1977, shortly before his death. In it his brother-in-law, Joe Quinney, referred to the biography that Sidney Hyman had been writing: "I must tell you I feel the author did not reveal the whole MSE to the extent I would have recommended. You were and are more than a mere technician and manipulator. There is also that MSE who is tempestuous in battle; argumentative and insistent in debate; tough-even hard-boiled in business relations; yet honest, judicious as you saw justice; companionable with your friends, especially your good old friends with whom you are mellow, kind and considerate; who can dish it out and take it in good humor; whose family relationship, though strange at times has an underlying affection and compassion all strange but true." Content Description +/-The Marriner S. Eccles papers (1910-1985) chronicles the years when Eccles made his greatest contributions as a national and international fiscal and monetary expert, businessman, and public figure. There are four distinct periods in the life of Marriner S. Eccles. The first period, his formative years, dates from his birth in 1890 to the death of his father, David Eccles, in 1912. The second period is from 1912 until 1934 when, following in the footsteps of his father, he became the most successful entrepreneur in Utah. During this time he assumed control of several western companies and created the First Security Corporation, the largest bank system in the Intermountain area. Neither of these periods is well documented by his papers, but each is covered by two books: Beckoning Frontiers, his autobiography completed with the assistance of Sidney Hyman in 1951, and his later biography, Marriner S. Eccles: Private Entrepreneur and Public Servant, written by Hyman and published just prior to Eccles' death in 1977. Background Information The most significant section of the collection, the Washington Years, boxes 2-112, provides insight into Eccles' activities during the third period in his life, 1934-1951. During these years he served for a brief period in 1934 at the United States Treasury Department in Washington, D. C., and then as both governor and chairman of the nation's bank regulatory agency, the Board of Governors of the Federal Reserve System. His papers from the Federal Reserve section of his collection, his library, and the accompanying ephemera substantiate the importance of his role in Washington during the New Deal period, World War II, the postwar recovery, and the beginning of the Cold War. The last period of his life, 1951-1977, is documented under the heading Businessman and Public Figure, boxes 113-240. This section of his papers reflects his role as an international businessman and an outspoken critic of many of the country's economic, social, and foreign policies. The Federal Reserve papers were originally organized in loose-leaf binders by Va Lois Egbert, secretary to Eccles for almost three decades. Her apparent intention was to place material in order of its apparent subject importance. Correspondence to and from the White House were thus placed first in the collection in chronological order. Several years before the Marriott Library received the material, Eccles permitted Dean May, then a graduate student and now a member of the history faculty at the University of Utah, to microfilm the material in the binders. After the library received the collection and some initial processing had taken place, the decision was made to remove the material from the binders and place it in folders in document boxes. Although some reordering of the material was done, much of the original arrangement has been retained. The original order may be seen by viewing both the microfilm reels and the photocopies of May's "Guide to Marriner S. Eccles Washington Papers," found in box 234. Box 1, containing Eccles' biographical material, begins the Federal Reserve section. It is followed by six boxes of correspondence between Eccles and Presidents Franklin D. Roosevelt and Harry S. Truman and their staffs. Federal Reserve Board reorganization materials, 1934-1950, including reports from the Hoover Commission and the Commission on the Organization of the Executive Branch, are found in box 8. Many of the experiences Eccles had with the Treasury Department, 1934-1951, are documented in boxes 9-12. The letters, memoranda, and reports in this section reveal some of the friction between the Federal Reserve Board and the Treasury which resulted in the Accord of 1951. See boxes 61-62. Materials found in boxes 13-16 describe the drafting and passage of the Banking Act of 1935. Removing control from the Federal Reserve Banks across the country and placing it in the Federal Reserve Board in Washington, this act changed the name and structure of the Board and centralized the power of the Federal Reserve System. Eccles believed the act, for which he was chiefly responsible, was his major accomplishment in Washington. Boxes 17-23 contain additional material about the Banking Act of 1935 and the effect it had on bank-holding companies, including Transamerica, the holding company for Bank of America. Reports published in 1948 speculated that the Giannini family, who controlled Bank of America, may have been responsible for Eccles' demotion as chairman of the Federal Reserve Board. During the depression, the chief concern was how to raise sufficient revenues from a still-depressed economy; by the 1940s, the major issue was how best to generate sufficient revenues for national defense and still protect the economy from the inflationary pressures resulting from enormous war-time spending. Reports, memoranda, studies, and other items pertaining to taxation policies, 1934-1951, prepared mostly by Board staff members, are included in boxes 24-26. One of Eccles' major accomplishments during the early 1930s was to successfully establish the Federal Housing Authority (FHA). Boxes 27-29 feature material on housing related issues, 1934-1951, but contain little material about the creation of the FHA. Economic stabilization during and following World War II was a matter of grave concern to Eccles. He felt that the Truman administration had not taken the measures necessary to combat postwar inflation. Boxes 30-38 contain material about strategies for dealing with the postwar world. Included is some material from the Bretton Woods Conference Eccles attended in 1944. The next part of the collection, boxes 39-56, represents many issues of importance. Some of the materials include correspondence and addresses, confidential correspondence, the Eccles-Byrd controversy, gold and capital issues, and other miscellaneous correspondence. Correspondence with members of Congress is found in boxes 56-57; information about prospective members of the Federal Reserve Board is located in boxes 58-60; material about the 1951 Accord, when the Board finally asserted its independence from the Treasury, is found in boxes 61-62; Eccles' testimonies, some of which are duplicated in his scrapbooks, are found in boxes 63-71; and Lauchlin Currie memoranda, 1934-1939, are in boxes 72-73. Currie, for whom Eccles had great respect, was long associated with the Board in a staff position. Speeches for the years 1925-1951, some of which is duplicated in Eccles' scrapbooks, are found in boxes 74-86. An abundance of miscellaneous material is contained in boxes 87-112. Businessman and Public Figure Papers The second section of the papers, boxes 113-240, covers the fourth period of Eccles' life, from 1951 when he left Washington, D.C., until his death in December 1977. During that period he divided his time between Salt Lake City, where he resumed control of the First Security banking system, and San Francisco, where Utah Construction was headquartered. Eccles was chairman of the board of Utah Construction, a company with world-wide interests in mining and construction. The Stewart Library at Weber State College has Utah Construction records, 1906-1961. His papers do not directly document his role as a businessman, but rather are reflective of his role as a public figure speaking out often against the foreign policy of the US government. He was particularly opposed to its policies in Southeast Asia, where Utah Construction had many interests. Eccles also took a strong stand against over-poplation and was a supporter of groups such as Zero Population and Planned Parenthood. Personal correspondence and public speeches arranged chronologically from 1951 to May 1972, when Eccles gave his last public address, are located in boxes 113-133. During the early 1950s he usually spoke on monetary and fiscal topics. By 1957 he had begun to question US Cold War policies and believed the United States should recognize Red China. By 1959 over-population was an issue which Eccles addressed often. His next area of interest and the one about which he spoke most vociferously was the involvement of the United States in Vietnam. Speeches on this topic are accompanied by related correspondence. Box 133, folder 1, provides an index to Eccles' speeches, statements, and testimonies. Eccles' interest in politics continued, and he corresponded frequently with political figures; boxes 134-147 contain material which cover these topics. Boxes 134-135 feature material from Eccles' unsuccessful campaign for the Utah Republican senatorial nomination against incumbent Arthur Watkins in 1952. United States foreign policy, vis-a-vis China, is the topic of material in boxes 146-147, although correspondence with members of Congress is held in boxes 193-196. The issue of population control, during the 1950s through the 1970s, is the subject matter of boxes 148-159. Included are addresses by Eccles and others, correspondence, reports, and a sampling of published items from various organizations concerned with the problem of over-population. Eccles was one of the first members of the business community to protest US involvement in Vietnam. Boxes 160-167 contain articles, speeches, newsclippings, reports, publications, and correspondence of Eccles and others who inveighed against America's Asian policy. The American Assembly, the Commission on Money and Credit, the Center for the Study of Democratic Institutions, the Atlantic Council, and the Hall of Fame are all organizations with which Eccles was associated in the last two decades of his life. Material reflecting his involvement is found in boxes 168-179. The largest correspondence section of the collection is located in boxes 180-211. General correspondence is arranged alphabetically in boxes 180-192. Boxes 193-196 hold correspondence with members of Congress; box 197 with Federal Reserve Board members and bank officers; box 198 with universities; boxes 199-203 related to his autobiography and biography. Boxes 204-208 contain invitations; boxes 209-210, Christmas greetings, 1934-1974; and, in box 211, are condolences to Mrs. Sallie Eccles upon the death of her husband. Most of the materials dealing with corporate interests are found in boxes 212-220. Included are limited correspondence and annual reports from Pet Milk Company, Utah International (formerly Utah Construction), Amalgamated Sugar, and the First Security Corporation. In view of the extent of Eccles' participation in these companies, there is little substantive material. The final general heading for this section is Miscellanea. Included are manuscripts of Eccles' biography and autobiography and manuscripts of other works related to his career. Journal articles written by and about Eccles are in boxes 228-230. In some cases these duplicate the Eccles scrapbooks retained in the Eccles Room, as well as material found in boxes 90-91. Papers about Eccles from other repositories-the Franklin D. Roosevelt Library, the Harry S. Truman Library, the Library of Congress, the University of Virginia Library, and the National Archives-are found in boxes 231-233. The final part of this section, boxes 234-240, includes the microfilm by Dean May of the Washington files, cassette and reel-to-reel tape recordings, daybooks from 1966-1977, and materials that have become available since the collection was initially processed. A second component of the collection is the Eccles library, which consists of approximately 1000 books pertaining to his interests, career, the New Deal, and the 1940s. Government documents relating to the time he spent in Washington, D.C., as well as a number of indexed, bound volumes prepared by Va Lois Egbert, complete the library. The Eccles Library contains volumes on banking and finance, economic treatises, the Roosevelt years, and a large number of books from the American Assembly series. The library is based on Eccles' original, private collection, which was augmented before the collection was received by the Manuscripts Division. The book collection provides background material for researchers interested not only in Eccles' career, but also the economic and political events occuring during the 1930s and 1940s. The government documents section of the Eccles Library contains bound copies of the Federal Open Market Committee Minutes, 1936-1975; Federal Reserve Bulletin, 1966-present; annual reports from the Federal Reserve Board and other government agencies; soft-cover reports from the 1940s dealing with post-war recovery; and Proceedings from the Bretton Woods Conference, 1944. Of the bound volumes of scrapbooks containing newsclippings, magazine articles, testimonies, cartoons, and other items organized by Miss Egbert, the most useful may be the set of newsclippings. The articles begin in 1922, but only ten are dated prior to 1933. These clippings originated from Utah, Washington, D. C., New York, and points between. They provide extensive coverage of Eccles' career from 1933 forward-the period covered by his papers. To ensure their long-term preservation, these clippings were photocopied and placed in archival folders and boxes. Other scrapbooks include printed copies of Eccles' addresses, 1925-1975; testimonies, 1933-1951; cartoons, 1935-1951; invitations, 1934-1951; magazine articles by and about Eccles; day books, 1937-1951; and miscellaneous memoranda and letters and other assorted material. Summary The Marriner S. Eccles collection provides substantial research material about the Federal Reserve System during the third and fourth decades of the twentieth century. It also provides insight into some of the public issues of the 1960s and 1970s with which Eccles was concerned-over-population and US foreign policy, particularly as it applied to Asia. The collection offers little information about his role in the development of banking in the Intermountain West, or his many other business interests, other than minimal correspondence and annual reports from companies with which he was associated. Some of the correspondence with members of Congress, public figures, friends, and acquaintances reveals his views about issues and events in his life. Because there is almost no family correspondence, it is through his general correspondence that part of Eccles' personal life emerges. Marriner Stoddard Eccles, intelligent, complex, and ambitious, seemed determined to make his mark in the world, and probably succeeded beyond all his expectations. Although his views were often unpopular, time usually proved them to be correct. Unfortunately, these papers do not convey the full measure of the man, but they are an invaluable source of information about the monetary and fiscal systems of the United States during the 1930s and 1940s, and document the significant financial role Eccles played during these turbulent decades. Collection Use +/-Restrictions on Access: Twenty-four hours advance notice encouraged. Access to parts of this collection may be restricted under provisions of state or federal law. Administrative Information +/-Arrangement: Organized in eleven series: I.Biographical Materials; II. White House Papers; III. Federal Reserve Papers; IV. Speeches and Correspondence; V. Political Files; VI. Population Files; VII. Vietnam War Files; VIII. Organizations; IX. Personal Correspondence; X. Business and Banking Files; XI. Miscellaneous. Acquisition Information: Donated by Mrs. Marriner S. Eccles in 1979. Processing Note: Processed by Gwen Gittins and Nancy Young in 1989. Creator: Eccles, Marriner S. (Marriner Stoddard), 1890-1977 Language: Materials are in English. Quantity: 120 linear feet Language of the Finding Aid: Finding aid encoded in English. Author of the Finding Aid: Finding aid prepared by Gwen Gittins and Nancy Young EAD Creation Date: 2006 Subarea: Manuscripts Division |
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