I think you all understand that the sole purpose of the campaign is restoration of employment and aid to agriculture.

I trust that our banks with the assurances and facilities now provided will reach out to aid business and industry in such fashion as to increase employment and aid agriculture.

This order is issued upon the recommendation of the Secretary of Agriculture.

Nothing could contribute more to the resumption of employment, to the stability of agricultural and other commodity prices, than to restore this money to work.

In saving the collapse of Germany by the year's postponement the American people have done something greater than the dollars and cents gained from the maintenance of our agricultural markets, the prevention of panic and unlimited losses.

Leaders of both Houses have assured me that Congress will devote itself to the economic emergency program which I have proposed for the amelioration of agricultural, unemployment, and credit situations.

I have directed officials of the Department of Agriculture to undertake, in cooperation with local and State authorities, such organization as may be necessary to meet the situation created by local drought and grasshopper destruction in the Northwestern and Central States.

THE PRESIDENT suggested in his message to Congress on Muscle Shoals that the States of Alabama and Tennessee, being primarily concerned, should appoint representatives, together with representatives from agriculture and the War Department, to determine a method for handling the Muscle Shoals plants.

Even though the effect may be temporary, it deprives many farmers of their rightful income.

I wish to take this occasion to express my appreciation, and the appreciation which I know the whole agricultural industry holds, for the great service you have rendered and the devotion you have shown in the difficult times of the past two years.

For the Government to finance by bond issues deprives industry and agriculture of just that much capital for its own use and for employment.

I earnestly hope that the Congress will enact the conferees report and allow us to enter upon the building of a sound agricultural system rather than to longer deprive the farmer of the relief which he sorely needs.

It is a proposal for steady upbuilding of agriculture onto firm foundations of equality with other industry and would remove the agricultural problem from politics and place it in the realm of business.

I have a question as to the impending famine due to the more or less failure of crops in some parts of China.

Under authority of the act of Congress approved June 4, 1897 (30 Stat. 34-36), and on the recommendation of the Secretary of Agriculture, it is hereby ordered that the tracts of land in Alaska, lying within the hereinafter described boundaries, be and the same are hereby excluded from the Chugach National Forest, and restored to entry under the applicable public land laws

It is regarded by all of the experts as probably the greatest menace that could come into American horticulture, and the proposal of the Government is to spend the money to stamp it out instantly without dilly-dallying with it at all.

A further serious question arises again (if the plan did have the effect intended) where the foreign producer of animals would be enabled to purchase feed for less than the American farmer producing the same animals.

If the increased price did reflect to the farmer, the plan would stimulate overproduction and thereby increase world supply which would in turn depreciate world prices and consequently decrease the price which the farmer would receive, and thereby defeat the plan.