Broadly speaking, the Federal Trade Commission has jurisdiction over interstate commerce, that is jurisdiction over the commodity that an individual or a state corporation has created and which they propose to dispose of through the…

So that the United States doesn't have very complete jurisdiction over them.

I am very keenly alive to the fact that we have in this country now about 20,000,000 security holders who have made investments in the business concerns of the country, and I want to have everything done that can be done adequately to…

The more I think of it, the more I come to the conclusion—I have been giving a little thought along that line until I began to discuss it here—that any real remedy to secure publicity or give the shareholder the right to know what is being…

Well that rather confirms what I say, that it is a question that would need considerable study and investigation in order to determine it, but I should think it would be plain that whatever powers, as I stated the Federal Trade Commission…

Well, those forms are all forms that are required by the state laws.

I would like to see him and talk to him sometime about the Mexican situation and get, of course, his firsthand views about it.

I don't recall that I did.

That rather carries out what I have been saying, that where the state law is adequate and proper you get the result that Professor Ripley wishes to have and where they aren't adequate and proper I have considerable doubt as to whether the…

The Mexico Constitution has that 33rd Article, which gives the Mexican Government authority to expel anyone.

It is very hard to say whether American citizens have suffered indignities in Mexico.

About all I can say about that which can be understood without entering into a long explanation about rather technical matters would be that Mexico has made large concessions to the demands of the United States on these questions.

I am informed by the Secretary of State that so far as he recalls he has had only one specific complaint—he has knowledge of only one complaint—that has been made in relation to the taking of church property in Mexico.

I hope you all enjoyed your stay over in Vermont.

I find it very helpful to go back and revive my information about those things, lest I should be forgetful about it and get out of sympathy with those who have to carry on the work of the nation.

There is always a little danger that those who are entrusted with the great responsibilities of business and Government may come to forget about those things and disregard them.

I find it is helpful to me to go back once in a while to see that I am not forgetting how people earn their living.

This country hasn't any method of making any understandings except through the duly authorized channels of treaties.