Although a few inquiries have been made regarding this
property, no new offers to purchase any of the land have
been received since the April 1, 1947 meeting of the
Executors. Joseph P. Day, Inc. is still interested in
obtaining the exclusive agency to sell the property at
auction on the terms and conditions previously outlined. In
accordance with the conclusion reached at the April 1, 1947
meeting of the Executors, Secretary of Interior Krug has
been advised that the Trustees are without power to impose
the drastic "scenic easements" and restrictions suggested
by him and that the property would be sold without such
restrictions. Some reasonable restrictions on this land
are, of course, desirable and a suggested form of
reasonable restrictions is submitted herewith for the
consideration of the Trustees. All affirmative action has
been held in abeyance pending the final decision of the
Trustees.
 
                  IV. VALUABLE PAPERS INSURANCE
 
          In accordance with the Decree of the Surrogate's Court dated
July 24, 1947, all of Mr. Roosevelt's papers and files
which had theretofore been held in courtesy storage at the
Franklin D. Roosevelt Library at Hyde Park, N. Y., were
released to the Director of the Library. A Receipt
therefor, executed by the Archivist on July 28, 1947, was
received on August 1, 1947 and filed in the Surrogate's
Court on September 3, 1947.
 
          The Estate holds a Valuable Papers Insurance policy of
United States Guarantee Company providing $75,000.00
insurance on the papers for one year from March 17, 1947
for which a premium of
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