Herbert Hoover actually said...

As a result of meetings of General [William W.] Atterbury, Mr. [Patrick E.] Crowley, Mr. [Daniel] Willard, Messrs. [Mantis J. and Oris P.] Van Sweringen and other representatives of the Pennsylvania, New York Central, Nickel Plate, and Baltimore and Ohio Railroads, a plan for consolidation of the different railways in official classification territory (except New England) into four independent systems was agreed upon for presentation to the Interstate Commerce Commission.

12/29/1930

https://www.presidency.ucsb.edu...

More Herbert Hoover Quotes

"It it believed that if these two results could be brought about, the industry will soon readjust itself."
"No action was taken by Congress upon this recommendation nor upon other plans proposed by the independent oil producers."
"In order to prevent enormous waste of gas and oil and to prevent the ruin of the independent oil producers, the Federal Oil Conservation Board brought about over a year ago, under the leadership of Se..."
"The question of prorating of imports has been under agitation as also having a bearing upon the problem."

View All Herbert Hoover Quotes