I recommend that, in order to effect a settlement of these claims in accordance with the recommendation of the Secretary of State, the Congress, as an act of grace, and without reference to the legal liability of the United States in the premises, authorize an appropriation in the sum of $11,700.
Message to the Congress Recommending an Appropriation To Settle Nicaraguan Claims.
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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.
The willingness of our people to accept this added burden in these times in order impregnably to establish the credit of the Federal Government is a great tribute to their wisdom and courage.
They also discussed methods further to coordinate all economic agencies engaged in assistance to business, employment, and agriculture.
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