There isn't much that can be done in the matter of reducing the personnel, but I have to stress that question some all the time, otherwise there is a tendency to load up the service with un-necessary personnel.

Not much change is being made in the personnel of the Government.

If you see any reports of that kind, why I think you can set them down as the natural result of a man representing this Government who has had to insist that the rights of our citizens be respected.

The speedy action that has been taken on the first four reservations I should think would indicate that there would be little, if any, difficulty in the 5th reservation.

It has been pointed out time and time again that this money has to be paid by our taxpayers unless it is paid by the taxpayers of the country or the countries which borrowed the money.

So, as far as I am informed, I know of no reason for making any change in our policy.

Our Government has taken an attitude on that which I do not think will be changed.

Of course anyone that gives the matter a moment's thought would recognize the great difficulty of the Government in undertaking to say what securities are good or sound or some equivalent word and what are not.

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

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.

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

As far as I can see myself and as far as I am advised by the members of my Cabinet, Mr. Hoover, who keeps very closely in touch with the business situation, and Mr. Mellon, who is in touch with the banking situation and the business situation, too, both advised me just before I left Washington that the business outlook for the coming period, immediate period, was good, and so far as there have been developments since I talked with them their expectations have been fully confirmed.

I think that is attributable partly to the reduction of taxation.

I think I will reiterate that I was especially pleased with the work that the Congress did and because I didn't want to take all the glory of it I hope that won't be misunderstood.

The Railroad Labor Bill will we hope develop into a very important policy.

There was no bill of general importance that passed that I did not approve.

The principal thing that will affect the country is the reduction of taxation.

I think those are the principal features of this Congress.