It would seem desirable that the Governors of the different Federal Reserve banks should proceed in a similar manner, and as soon as the chairman of such committees are known, I shall be glad to invite them to Washington in order that the whole program may be set up on a national basis.
Statement on the Formation of the New York Banking and Industrial Committee.
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More from Herbert Hoover
The armaments of the world have grown up in general mutual relation to each other.
I propose that the treaty number and tonnage of battleships shall be reduced by one-third.
It is folly for the world to go on breaking its back over military expenditure, and the United States is willing to take its share of responsibility by making definite proposals that will relieve the world.
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