FDR

I hereby amend the two provisos contained in Executive Order No. 7908 of June 9, 1938.

This order shall not apply to any of the said lands which have been, by Executive order or proclamation, included in or reserved as a part of a national forest or wildlife refuge.

Provided, That no lands heretofore or hereafter set apart and reserved from the public domain shall be disposed of by sale, exchange, or grant without the approval of the Secretary of the Interior.

Shall not restrict the disposition of such mineral resources under the public-land laws.

I hereby order into the active military service of the United States, effective September 16, 1940, the following units and members of the National Guard of the United States to serve in the active military service of the United States for…

I think the only news of interest I have is that today is a red-letter day in American history.

Much the larger part of this order is still in the bill which is still in the Congress.

Today is a red-letter day in American history.

It is ordered that the following-described tract of land be, and it is hereby, transferred from the War Department to the Treasury Department for Coast Guard purposes

I suppose there will be—what do they call it? at the end—a fiscal Deficiency Bill, or something like that.

I suppose it will take Chrysler a great many months before he gets that actually into full production.

I think there are too many ramifications.

I hereby exempt the said J. Brent Clarke from compulsory retirement for age for a period of one year ending September 30, 1941.

The Administrator shall construct, operate, and maintain the transmission lines and substations necessary for marketing the power and energy delivered to him from the Grand Coulee Dam Project.

The Bonneville Power Administrator is hereby designated as agent for the sale and distribution of electrical power and energy generated at the Grand Coulee Dam Project.

The Administrator shall market the power and energy delivered to him from the Grand Coulee Dam Project at rates to be fixed by the Secretary of the Interior.

The Bureau of Reclamation shall provide the Administrator with a basic schedule of the power and energy to be available to him from the Grand Coulee Dam Project.

The present national defense emergency makes evident the fact that the many strategic and critical mineral reserves found in the Pacific Northwest are a matter of national interest.

An abundance of low-cost electric power available in the Columbia River region will accelerate the supply of necessary minerals for national defense.

I am taking steps to coordinate the great power resources of the Columbia River available for the requirements of national defense.

We cannot afford a year.

There isn't anyone in this room who knows how to run one of those, and there are darned few people in the country.

We are cleaning house, putting our financial machinery in good order.

I have just signed the Investment Company Act of 1940 and the Investment Advisers' Act of 1940.

The gist of it is that if we do not get a bill right away, this fall—we are going to have a real delay in getting our team together.