Your telegram has been received. I feel that if you will study the law creating the Reconstruction Finance Corporation realize that it was set up as independent agency by the Congress with specific directions in the law for its conduct by its Board of Directors, giving to them sole authority in determination of loans. I have no authority or right therefore to direct the Board to make specific loans or advances you request.
The Board is a non-partisan body of eminent, patriotic and sympathetic men. They are engaged in unceasing investigation of every application. They are giving earnest and full consideration to information supplied to them and endeavoring to extend every aid to distress and proved need within their authority. I am sure you will find they will act fully in this spirit.
Herbert Hoover