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Show Utah financier donates gifts for political library, grants Eccles served as an assistant to the secretary of the treasury and later as chairman of the Federal Reserve System. Included are a variety of works which tell in depth the story of the reconstruction of the banking laws of the United States and the reshaping of national monetary and fiscal policies during the great depression. The Eccles Library will also contain personal books pertaining to the subjects. President James C. Fletcher announced an-nounced the future establishment of the Marriner S. Eccles Library of Political Economy and the Marriner Mar-riner S. Eccles Graduate Fellowships Fellow-ships in Political Economy. Both are made possible by gifts from the Utah financier and industrialist indus-trialist Marriner S. Eccles. The Eccles Library . will be housed in a special reading and research room-located in the Mar-Tiott Mar-Tiott Library -to be furnished with a fund of not less than $50,000. The fellowships will be financed from a fund of not less than $500,000. Fellowship Fund Mr. Eccles began a series of contributions to the fellowship fund last week with a gift of $62,000. The first fellowship will be granted when the fund reaches $500,000 and income from the investment will be added to that amount. Mr. Eccles has insured establishment establish-ment of the library and fund by provisions in his will. Continuous investment of the gift will perpetuate per-petuate and increase the fund indefinitely. This income will provide pro-vide graduate fellowships for advanced ad-vanced students in economic, social, business and political fields. "The fellowship program will reflect Mr. Eccles' broad interest in-terest in public affairs and the improvement of society," said President Fletcher. The foundation of the library will be the personal and public papers from his active involvement involve-ment in economic, social and political life. American Economy These materials are essential to research concerning the development develop-ment of the American economy and the history of the American banking system. They provide a history of 1933-51 when Mr. |
