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President Hoover Lauds Eugene Meyer

Warm appreciation for the work of Eugene Meyer, Farm Loan Commissioner, during the past two years, on the occasion of his resignation from that post, was voiced by President Hoover.

In a letter addressed to Mr. Meyer on April 29, the President wrote:

“My Dear Meyer:

“I have received your letter of April 3, in which you tender you resignation as Federal Farm Loan Commissioner and as a member of the Federal Farm Loan Board.

“In intensely regret that your decision is irrevocable and that, in the circumstances, the duty devolves upon me to accept your resignation.

“I particularly wish to take this opportunity to express the appreciation which all of us hold for the work you have accomplished as Farm Loan Commissioner during the past two years. I know that you undertook the difficult task of reconstruction at a time when the Farm Loan System was confronted with a critical situation and public confidence had been impaired.

“Under your leadership, the administration and supervision of the System has been greatly strengthened, this great institution of service to the farmers has been placed on a sounder basis and public confidence has been materially improved, and will be of lasting benefit to the agriculture interests of the country.

“I am aware that after ten years of public service you unwillingly undertook this additional two years of service, and I can realize your desire to be relieved.

“I earnestly wish, however, that you could remain in public service where your high qualifications and sense of public service so respond to public interest.

“Yours faithfully.

“HERBERT HOOVER.”

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