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Federal Reserve Bank of San Francisco Fiscal Agent of the United States Evacuee Property Department March 10, 1942 GENERAL QUESTIONS AKD ANSWERS Q. I an Japanese; what do I do with my property7 A. Dispose of it yourself if you can on a reasonable basis, or if you cannot, you should select someone in whom you repose confidence to act for you in your absence under a power of attorney. Q.. Do you mean another Japanese? At No, because al\ Japanese will be evacuated regardless of birthplace. Q. I do not know any person that I could select as my agent. A. Have you considered your bank or your attorney> or the land owner or any person with whom you have been doing business and in whom you have confidence? Q,, There is no one I would be willing to give such a power to. Would you become my agent? A. We will be glad to give it consideration if, after complete investigation, it appears that a useful purpose would be served and you would have sor.e equity to protect. This would not be so in the case of insolvency. Q. Is a power of attorney, alon^, sufficient? A. No, you should supplement it with definite instructions to your agent as to th<= disposition of your property. You can continue to contact him by correspond en CP after evacuation for any subsequent dealings. Q. I own a restaurant; A, If you can obtain an agent to operate it for you, it may be run by him. can I have this business continued? GENERAL QUESTIONS AI3) AIISV/ERS (continued) Q. Will you accept such an agency? A. I t WDUld be p o s s i b l e f o r u s t o do so but not p r a c t i c a b l e i n an o p e r a t i o n such a s t h i s . (We would o b v i o u s l y not be in a position to operate specialized businesses such as t h i s or novelty stores, e t c . , although in certain things, we could continue operation, such as in the case of real estate properties including hotels where operating agents could be obtained.) Q. I am a produce merchant,, and I finance a number of the growers who in turn assign their a crops to me, and I sell the crops and pay then th residue. Cam I assign these accounts receivable? A. Yes, you can assign and s e l l a l l accounts receivable as well as any other asset. Q. Is there any limit as to the amount and character of property I can take with me? A. No, if you l^av= voluntarily, you may move at your own expense any property you desire to take with you. Q« What if I don't leave voluntarily? A. If you wait to be evacuated by the Army, they will determine what goods you may tak^ with you. Q. Do I have to use your power of attorney form in selecting my own agent? A. You should make whatever arrangements are satisfactory to both parties, but you should b° sure that the form you USQ will carry sufficient authority to your ag^nt so that third parties willnot question i t . However, if the Federal Reserve Bank consents to act as your agent, the power of attorney must be on our form. Q,. Can I form a corporation to operate my property in my absence? A. Yes, as long as it is operated by people who can lawfully remain in the area* -2- GSKfcRAL QIJS8TICNS Alp ANSWERS (continued) Q» I do not have any business but I do have a home whi ch I own and do not wish t o s e l l . Can I lease it to somebody else? A. Yes. Q. Can I take care of ray business transactions by correspondence aft^r I move and so arrange for lat^r sal" of my property if I wish so that I do not have to s e l l now? A. Yes, you can. This entire program is voluntary on the part of the ^vacuep and no disposition whatsoever of his assets need be made except far his own protection. Q. Has any arrangement b^en made for o c c a s i o n a l r ^ - ^ n t r y the a r ^ a t o s u p e r v i s e my p r o p e r t i e s ? A. We do n o t know of any arrangements t h a t have been made for such e n t r y , but obviously i f t h ^ r e - i r e they w i l l be under military supervision* Q. The firm from which I bought a refrigerator is threatening to take i t back although a l l my payments are up to date. A* If you will give us the f a c t s , we will be glad to investigate and do viiat we can t o protect you if you have an equity. Q. Should I transfer my bank account to a bank in th* t e r r i tory in which I am going to liv«? A* You are fre«* to transfer your account. Whether you l~-ave i t with your present bank or transfer i t to ^.noth^r is a matter for your discretion as you s t i l l have all th° privileges und^r G^n^ral Licenses issued under Executive Order No« 8389, ^v^n though you are about t o evacuate. You should get in touch with sola* qualified person such as a responsible realtor and give the necessary rental l i s t i n g . -3- into GENERAL QUESTIONS Alp AL'ffVERS (continued) Q» I have n o t r e c e i v e d my o r d e r s t o mov^ although I know I am i n a p r o h i b i t e d zon^. Should I proceed t o l i q u i d a t e my a s s e t s ? A, This i s a matter for yocr determination but you should t a k e whatever s t e p ! a r e necessary t o p r o t e c t your i n t e r e s t s with t h e knowledge t h a t i t may be n e c essary to leave on short n o t i c ° « Q, Can I t r a d e t h e p r o p e r t y which I own in a p r o h i b i t e d or r e s t r i c t e d area for property which i s not in such an area? A. Yes, you may deal in your property by selling, trading, leasing or any other method. Q. Can I move my business to a new location outside of th<* prohibited area? A. Yes, Q. I want to mov° with my truck; i t is mortgaged. Can I take the truck to my new location? (Presumably out of th° s t a t ^ . ) A. Yes, if you can make satisfactory arrangements with your creditor* Q* Would i t b^ possible for m^ to liquidate part of my business and place oth^r articles in storage? A. Yes. Q» Is a l l my property frozen whnn I Invo to move? A* No 5 thp mere fact that you are being evacuated does not Exclude you from the privileges of General Licenses issued und^r Executive Order No. 8389. QUESTIONS AKD ATST-VERS PiRTAISiNG TC BLOCKED NATIONALS 0. But I am a blocked national. A, That will not stop you from designating a person of your choice, a bank or anyone e l s e , to act in your behalf. The agent will st^p into your position and conduct the business th° samp as you do as a blocked national. Q. If I turn ov°r my business to an ag^nt to liquidate or operate, will I get th° proc°°ds or profitH? A, Y^s, your ag«nt should pay into your account net proc oa ds or profits from business. Q. Will you unblock my account so that I can tak^ my money wi th me ? A. You may file an application with the Foreign Funds Control to transfer the balance to any bank of your Choice, Q,. Will i t b^ blocked th A. Q. Then I do not have any benefit of my account* A. . Y°s, you may s t i l l withdraw up to §500 per month und^r General License No. 11 for l i v i n g , traveling and similar personal exoenses* Fiscal Agent of the United States (Date) Telephone: Interview: Name: (Print) Address: (Street and Number) (City) Adult: Minor: Male: Female: Citizenship: I CD (State) Date of last entry into United States: H- Operating under Treasury License now?: CD P Type of Business: Partnership: Person Interviewed: Proprietorship: Address: Corporation: Individual: Telephone Number: Principal property involved and scope of problem: Action taken:* http://fraser.stlouisfed.org/ * Attach additional Federal Reserve Bank of St. Louis Handled by: pages where necessary Fiscal Agent of the United States 1 (5 (Date) Telephone: Interview: Name: (Print) Address: (Street and Nurriber) (City) Adult: Minor: Male: Female: Citizenship: (State) Date of last entry into United States: Operating under Treasury License now?: Type of Business: Partnership: Proprietorship: Corporation: Individual: Person Interviewed: Address: Telephone Number: Principal property involved and scope of problem: Action taken:* http://fraser.stlouisfed.org/ Attach, additional Federal Reserve Bank of St. Louis Handled "by: pages where necessary 3 CD
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