Herbert Hoover actually said...

"I have requested General [Charles G.] Dawes to accept the position of President of the new Reconstruction Corporation."

"Ambassador [Hugh S.] Gibson will be the Acting Chairman of the delegation."

"Mr. Eugene Meyer, Governor of the Federal Reserve Board, will also be the Chairman of the Board of the Reconstruction Corporation."

"This order shall apply to all such contracts for which bids are hereafter invited."