Government

For the Government to finance by bond issues deprives industry and agriculture of just that much capital for its own use and for employment.

It is hereby ordered that Executive Order No. 4624, dated April 1, 1927, withdrawing, among other lands, the public lands in T. 48 N., Rs. 4 and 5 E., New Mexico principal meridian, Colorado, pending resurvey, be, and the same is hereby…

In order that important operations of the Board, now in prospect, may be carried through promptly additional funds are required at this time.

I have nothing of special moment today.

It is a very considerable program.

In my annual message to the Congress, I requested that an appropriation of from $100,000,000 to $150,000,000 be granted for this purpose, and this estimate is in furtherance of that request.

Mrs. Pearl McIntosh may be appointed to a suitable position in the General Accounting Office without regard to the requirements of the civil service rules.

The test of the value of such relief is the ability to pay wages between now and the end of the fiscal year, and I therefore urge that this estimate be given early consideration.

Programs now authorized will carry it to still larger figures in future years.

I think it may interest you to have the final budget allocations for the independent establishments.

Mr. Roop makes a very considerable personal sacrifice to come into government service.

The total amount of currency issued is $5,065 million.

I persuaded Colonel James C. Roop to become Director of the Budget.

I had expected to be able to issue the Colorado River proclamation today, but that will not be possible, as the Attorney General has not completed checking up on the details required so that will go over to Monday.

The matter has been referred to the Treasury Department for action.

Mr. Ralph Ely Stedman may be reinstated to an appropriate position in the classified service without regard to the length of his separation from the service.

Our Government is not a party to that agreement, and therefore, would not be a signatory to it.

The details of this estimate, the necessity therefor and the reason for its submission at this time are set forth in the letter of the Acting Director of the Bureau of the Budget which is transmitted herewith and with which I concur.