In consequence of the fall in prices of railway bonds, I have a number of telegrams from different parts of the country and inquiries from the press as to the status of the various agencies which are proposed to assist those railways which are not earning their fixed charges across the trough of the depression without further consequential defaults on bonds or receiverships.
Statement on Financial Assistance to Railroads.
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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.
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.
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