On the recordMarch 25, 1931
We have reduced expenses by doing away with the Governor at St. Johns.
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presidency.ucsb.eduWe have reduced expenses by doing away with the Governor at St. Johns.
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It is estimated that altogether over 10 million individual depositors and borrowers have been benefited by the margins provided by the Reconstruction Finance Corporation to these banks.
These policies and measures will hold our hard-won American system of ordered liberty and government.
I am deeply grieved to learn of the death of your husband, who was my good friend and distinguished predecessor in the Department of Commerce.