Evening star., 1932-09-09
HOOVER ACCEPTS
POLE RESIGNATION
New Controller of Currency
Not Yet Chosen, Says Presi-
dents Secretary.

President Hoover today formally &C
eepted the resignation of J. w. Pole as
controller of the currency. after Mr..
Pole, a week ago, had announced pub
liciy that he was relinquishing the post.
In making public the correspondence
betveen the Chief Executive and Con-
troller Pole today, Theodore Joslin sec
retary to the President, said no one as
vet has been selected as the new con-
troller. MIR. Pole, who has been con-
nected with the national banking sys-
TEN in various capacities II years, an
nounced that he was reslgning TO as
sumo a private banking connection. his
letter of resignation to the President
dated September 6, requested that MS
resignation take effect not later than
September 20.
Appreciation for Service.
In his letter accepting the resignation
of the Treasury official President HOO
yer expressed appreciation Tor MI Fole
remaining in the service at his requesI
many months after he had determined
to accent a position elsewhere, and also
nraised the oficial for the extremely
able manner" in which he has con.
Quoted affairs during this period Oh
crisis" eo,.o,,,-
The Presidents letter, dated Septem-
ber s, said: 49,. =,
Il have today received your letter OF
resignation and l must, OF course, ac-
cept it. In doing SO, wish to express
my appreciation for your remaining III
the service at my request many monlils
after you had determined to accept
position elsewhere. But OF mucn mort
Importance than that, know that l
,lu annreCiAIlDD,
but that of all other members OF the
Government, for the extremely able
manner in which you have conqucFeo
q most dificult task during this perloo
OF crisis. We all regret the necessity
which compels you to leave the service
of the Government. and 1t would De
extremely difficult for us to find some
one to take over the office with the
assurance of such ability and effective
hess as that which you nave SHOWN
yours faithfully,
(Sipned) HERBERT HOOVER"
Conditions Seen Improved.
Controller Pole, in explaining the
reasons why he had postponed taking
advantage Of the private offer to resign,
SAID in his letter to the President that
conditions have so fundamentally I'M
oroyed" he felt 1t would be unfair TO
the associates in the enterprise he is
to enter to ask them to wait longer;
For almost II consecutive years,
he said, II have been connected with
the national banking system in various
capacities, and it is with great reluct-
ance that relinquish the opportunity
and privilege to continue In branch
Of the public service which Is SO con-
structiys and far reaching in its effects
upon the welfare Of our country, and
during the course of which I have
formed SO many warm and enduring
friendships.
Permit me, in closing, to extend to
YOU my sincere congratulations upon
the able manner in which you have met
the emergencies arising during the
course OF your administration. AS con-
troller of the currency have been in
q position to appreciate the constructive
nature Of the measures which you have
inaugurated, and I have every conn.,
dence that they will eventuate in q
full restoration Of our country to nor
NAL conditions