02/07/1934
https://www.presidency.ucsb.edu...
"I do hereby exempt Frank L. Boyd from the provisions thereof and continue him in the service until December 1, 1938."
"The tract as described contains 26.0 acres, more or less."
"Incidentally, another reason why, in all human probability, it won't get beyond the ten to eighteen percent of Government by either area or population or bulk power, is the fact that if any more were ..."
"Eighteen percent would seem to be the total limit of government competition with the private plants."