Herbert Hoover: “All slumps are the inexorable consequences of the destructive forces of booms.”

So much of the order of June 8, 1926, creating Reservoir-Site Reserve No. 17, as affects the lands hereinafter described is hereby revoked

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.

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.

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.