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SUGGESTED PfiOGBJU FOE THE FEDERAL RESEfflte BASK OF 3AH FRMCI5CG AKD OTHER PUBLIC AO5SCIES TO DEAL ffiffi FKOPEKTI OF EVACUEES FBOtC PACIFIC COAST MILITARY AREAS, The success of the proposed program will depend upon placing ctcoplete responsibility for its execution in a responsible Weart Coast agency acting under th@ general direction of the local military authorities* I. - Scope of Problem The evacuation on short notice of tens of thousands of persons fro*?* Military Areas on the Pacific Coast raises serious problems la connection with the liquidation of their property holdings end the protection of th© property of such persons against fraud, forced sales, and unscrupulous creditors• Obviously th® emergency will caus© financial loss to the group Involved, However, the following program is intended to accord to thie group reasonable protection of their property interest* consistent with the war effort. II. - Legal Authority! Since the pro^ras, is one basically to assist the evacuee in the liquidation of his property, it is eapoetod that in most instances the evacuee T«111 voluntarily avail himself of th© facilities afforded by thie program. Governmental sanctions will be necessary to deal with creditors and others vifao seek unfair advantage of the evacuees. There Is araple legal authority now vested in the military authorities and in the Treasury Department which can be delegated to such West Coast agency to deal with * this problem without necessity of obtaining further legislation or new executive orders* III* - Administration of Programs fha nature and urgency of the situation, coupled with the large volume of transactions that will require prosapt handling, necessitates the prograa* a being administered by *& agency on the Eeat Coast cloaked idth full authority to act without reference to Washington. The over-all control of all aspects of the evacuation saist obviously rest in the military authorities. Subject to this over-all control by the Anay, tfe© direct responsibility for the execution of th© property aspects of the program should be placed in the Federal Reserv® Bank of S&n Francisco, v*hlch has branch offices in Los Angeles, Seattle, and Portland. fh« Federal Reserve Bank will be ia a position to obtain th© cooperation of other Government agencies, and of well-kruywn and experienced individuals and institutions in the various cosisainities throughout the West Goast area. This cooperation, together nith th« established integrity and ability of the Federal Reserve Bank, v i H enlist the confidence of all of the affected groups and discourage gouging by creditors or other self-seeking interests, The Feder&l Eeserve flank "will also work in close liaison with the Federal Security Agency, the United States Department of Agriculture, and other Federal, State* and local public agencies that can be of assistance in dealing with th® property during the course of its liquidation* Theae agencies will undoubtedly be called upon by the military authorities to handle other aspects of the evacuation problem^ such as th® transportation and resettlement of th® evacuees, and their In new areas• The federal Reserve Bank of San Francisco, which is the fiscal agent of the 'Fre&swy B©partis»nt, will be clothed with ample authority to execute the program. The Treasury Department will lay M m the broad principles and objectives of such program as well &s the general procedure to be followed* The Department will also fiarnish the San Francisco Bank by airplane is&th th© requisite number of tr&ined experts to assist in working out th® detail* of the program in th© field an«i to p&rtieip&te In its execution* If need be ta« Bep&rtmeiTt is in a position to provide the San Francisco Federal at once with 100 or aortr men for this Th© keynote of thia program ia ©peed. It is believed that it can b# put In operation by Monday, March % 1942# IY - O^tljjae of., ffl A» Properly staffed offices under the direction of th« Ban Frsnolsco Federal Reserve Bank ndll be opened at once in the local froa which evacuees will be moved. B. Announcement vrill m ruaie throughout th© area bj the Federal Bank of San Francisco that its representatives in these offices &r® prepared to assist evacuees with the problem of .liquidating their property and protesting them against those seeking to take unfair advantage of their plight* C, These representatives will assist in putting the evacuee© in a position to obtain buyers, lessees, asrf other users of their property on fair terms. In oases where the evacuee is unable to select his own agent to dispose of his property, the Federal will be prepared to act as agent for the evacuee under & power of attorney or similar arr&ngeaejit and take ®t$ps to liquidate the property on fair terms. - 3£• Evacuees threatened by creditors will be encouraged to come to tha representatives of the Federal for advice and guidance* The Federal representative will also discuss the matter with the creditor with the view to working out a fair settlement and limiting the remedies that may be pursued by the creditor who threatens unfair action* By and large the laere existence of thia program of helping evacuees will eliminate or forestall most of the sharp practices that are now feared* E* In some cases the property of the evacuee may be such that ita real value can only be realized at a future time, **£•# *?*P~ anese novelties* In such cases the Bank's representative will assist the evacuee in arranging for the storage of such property it that le the wish of the evacuee* F* On agricultural properties the Bank's representative* with the assistance of representatives of the 0. 3. Department of Agriculture. w i H attempt to arrange for the leasing or sale of such property or if need be for the growing of the crops, with i view to preventing their loss through inattention* $* The Federal Reserve Bank of San Francisco and its representatives will be cloaked with adequate authority to cope with problems arising <m the basis of existing circumstances. The program will be flexible and at all times the Bank will attempt to keep matters on a voluntary b&els, satisfactory to the evacuee* Where these efforts fail it may be necessary for the B&nk*s representative to step In and take the property over for the purpose of obtaining a fair and reasonable liquidation* It is expected that the setting up of this program and the accordance to the evacuees of facilities for the liquidation of their property should greatly expedite the departure on a voluntary basis of the evacuees from the military area*