Economy

I'm confident that in restoring these institutions to their normal functioning we will see a revival in employment in new construction.

The essence of this proposition is to give time to permit debtor governments to recover their national prosperity.

When it is realized that the smaller industries employ more than half of the nation's industrial labor the significance of your conference is clear.

No thoughtful person can overlook the profound truth that the ideas and ideals of Christ which you uphold not only have dominated the course of civilization since His time but are the foundations of our economic and social life today.

I have been canvassing the situation in conference with business, financial, and labor leaders as to the different methods in interstate industries which may be of aid.

In view of the fact that our receipts are falling off materially from the amount estimated at the time of the preparation of the Budget for 1932 and of the consequent large deficit indicated for the current fiscal year, I wish again to…

The major problem is one affecting primarily the banking and credit conditions and can best be solved by the voluntary cooperation of the bankers of the world rather than by governments with their conflicting interests.

The combined effect should enable the German people with their resources, industry, and courage, to overcome the temporary difficulties and restore their credit.

If these gentlemen have that sense of patriotism, which outruns immediate profit, and a desire to see the country recover, they will close up these transactions and desist from their manipulations.

The intent is to take a profit from the losses of other people.

It has but one purpose and that is to depress prices.

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

Their presence is another indication of the interdependence of the various countries in the world's business.

I am sure the American people have no desire to attempt to extract any sum beyond the capacity of any debtor to pay and it is our view that broad vision requires that our Government should recognize the situation as it exists.

I am sure the American people have no desire to attempt to extract any sum beyond the capacity of any debtor to pay.

The underlying forces of recovery are asserting themselves.

Of the appropriations for this next year and these balances, it is expected that about $20 million will be saved during the next year.

The whole Nation is beset with difficulties incident to a worldwide depression.