My most cordial congratulations upon your election to the highest office within the gift of the Filipino people.

The merit system has been and will continue to be extended during my Administration.

I wanted to get through what was known as the Top Lopping Law.

This highway will last, not for generations, but for centuries to come.

And so with the larger lumbering operations.

There is no reason why either Government or private banking industry should not consider trees just as much of an asset as houses or barns.

May it go on through all the years.

Today brings back many memories.

We must start at the bottom and persuade the farmer that he must only take off his woodlot each year the amount of trees equivalent to the growth made in that woodlot that year.

Those men who served in the War were thinking of the future of their Nation.

The idle dream has become a fact.

The people in the last two years have become more and more conscious of the practical economic effect of what we are doing.

It is fitting that we should dedicate it in their names.

We have over five hundred thousand now.

Well, there are five hundred and ten thousand young men today in C.C.C. camps in every State of the Union.

I take it that we are all not merely seeking but getting the recovery of confidence.

A car with many cylinders can keep running in spite of plenty of carbon— but it knocks.

Executive Order No. 4624, dated April 1, 1927, withdrawing, with other lands, public lands in Tps. 50 and 51 N., Rs. 2, 3, and 4 E. of the New Mexico principal meridian, Colorado, is hereby revoked as to said townships.