Herbert Hoover: “I recommend the establishment of a system of home-loan discount banks as the necessary companion in our financial…”

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.

There is another phase of the bill as passed which is disheartening.

I earnestly hope that this may be done.