Herbert Hoover: “The continuing credit paralysis has operated to accentuate the deflation and liquidation of commodities, real estate…”

There is another phase of the bill as passed which is disheartening.

One never makes a statement like that.

I do so with the deepest regret because of the distinguished service you have rendered and the fine place you have been able to make for yourself in the Diplomatic Service.

You have always been a public spirited citizen, working for the best interests of your state and of the nation and I know that whether in diplomatic work or at home, you will continue to render valuable service.