The President of the United States of America takes pleasure in presenting the Navy Cross to Lieutenant Commander Giles C. Stedman, United States Naval Reserve, for distinguished service in the line of his profession as Commanding Officer of the S.S. American Merchant when that vessel was engaged in the rescue of twenty-two members of the crew of the British freighter Exeter City which was sinking in the mid-Atlantic, on 20 January 1933. Lieutenant Commander Stedman’s excellent seamanship, keen judgment, and professional ability displayed in saving twenty-two lives during a howling wind and a dangerous sea without detriment to his own command is of the highest order and in accordance with the best traditions of the Naval Service.