Executive Orders No. 7024-B and No. 7129-A are hereby revoked and superseded by Executive Order No. 7757 and Executive Order No. 7758.
I hereby expressly authorize the Secretary of the Interior to establish a Petroleum Conservation Division in the Department of the Interior.
We must recognize clearly that housing will not be built if costs are too high in relation to the consumer's income.
The government has made provision for many of the most needy.
I feel that every effort should be made to keep the new farm program within the present limit of $500,000,000 per annum.
The success of such a program as this, however, cannot be assured by governmental action alone.
Housing constitutes the largest and most promising single field for private enterprise.
I most strenuously object to the mandatory incurrence of obligations by the Federal Government.
In the budget of the great mass of our families, the point is quickly reached where increased costs mean reduced consumption.
The long-continued lag in building is a drag on all industry and trade.
I do hereby exempt Frank L. Boyd from the provisions thereof and continue him in the service until December 1, 1938.