YOU MAY WISH to announce the fact that from the first of the year up to my announcement of your organization and its program the amount of hoarding estimated by the Federal Reserve Board after making allowance for seasonal changes was two hundred ninety five millions and that since that date until February twenty-third there has been a return of sixty millions to circulation likewise after making allowance for seasonal changes.
Message to the Chairman of the Citizens Reconstruction Organization.
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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.
Executive Order No. 4610, approved March 10, 1927, as amended by Executive Order No. 4833, March 19, 1928, and by Executive Order No. 5001, November 23, 1928, is revoked effective July 1, 1932.
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.
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