It is our understanding that the Conference is limited entirely to questions of the present emergency.

Time always helps in these things, and there is no occasion for any exaggerated anxiety about it.

But in these times this activity has a public interest.

It tends to destroy returning public confidence.

I think it is morally in effect.

Horace Paul Bestor, who has been duly appointed a member of the Federal Farm Loan Board, is hereby designated Farm Loan Commissioner of said board until otherwise directed.

The draft Executive orders and proclamations shall be prepared as follows:

Assistants to the Legal Adviser

Therefore, reparations is necessarily wholly a European problem with which we have no relation.

The law will require action by Congress, but with this support I assume that Congress will act favorably.

This is naturally a national problem.

Our Government has not been a party to, or exerted any voice in determination of reparation obligations.

This arrangement so far as we are concerned does not require an extra session of Congress.

You have shown a cordiality and a welcome that sounds like Illinois itself.

I DEEPLY appreciate this greeting.

The days we are now passing through are times of stress and times that require the unremitting service of the men whom you have elected to high office.

It is most kind of you to give to Mrs. Hoover and me this courteous and beautiful welcome.

It is difficult for me to find adequate expression for my appreciation of the reception given to me today by the people of Indiana.