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    "label": "Memorandum from James Rowe, Jr. to James E. Webb, with Related Material",
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    "title": "Memorandum from James Rowe, Jr. to James E. Webb, with Related Material",
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    "ocrText": "s\nARCHIVES AMD\n-2-\nRECORDS\nSERVICA**\nthe\nmentioned on the White House steps is a so=called *Lending Administration\".\nThis would pull all the farm credit, housing credit, FDIC, etc. cut of\nthe functional agencies such as Housing and Agriculture and turn them\nover to an administration whose purpose would be to turn them over as\nfast as possible to the Federal Reserve System. In effect, this would\nshift all the Government's banking and credit controls over to the Federal\nReserve System.\nI know and you know that the President could never stand for that. (I\nrather imagine John Snyder would be rather unhappy also).\nOne of the other recommendations is to sell public power to the private\nutilities at the \"bus bar\". It seems to me the Democratic Platform,\nthe President's speeches in the West, Vice Presidential candidate Warren\nand Presidential candidate Dewey (in a so-called \"personal conversation\"\nwith Warren) were on the other side on this one.\nThese are but two minor examples of what the Hoover plan is after.\nThere are many other worse ones as you know.\nI agree that it is important that the President keeps Hoover in line.\nBut I think it can be done without ruining all reorganization efforts\nwhich the Hoover proposals will do, particularly if the task force reports\nare published.\nThis premise is behind my suggestions above:\n(1) If Acheson could go publicly through the front door of the White\nHouse, talk to the President about the general situation and bring him up\nto date, he could th en leave the White House, saying no more than that the\nPresident had called him to discuss the general reorganization situation.\nThis would be sufficient warning to Hoover that the President is receiving\nboth sides of the story. This could not be regarded as in any way re-\njecting Hoover because the President told him at their conference that he\nwanted to talk to Acheson about publishing the task force reports. But\nthe implication would be obvious to the rest of the Commission that Hoover\ndoes not speak to the Commission as the representative of the President's\nviews.\n(2) A guarded statement at his press conference by the President\nwould be helpful. I have not the slightest idea what Mr. Hoover meant\nwhen he said the President approved his putting 60 agencies into one\nhousekeeping unit nor does anyone else know what he meant. Hoover said\nthis morning that he was misquoted! But if the President at his press\nconference tomorrow is not careful he will give the impression that\nHoover' 3 stated views on the White House steps are his views. I think he\ncan insert some saving clauses without offending Hoover.\nHe will also make the position of Acheson and myself and some others\nless intenable than it now seems to be.\nto\nJames Rowe, Jr."
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