One point on the business situation--the Department of Commerce and other agencies report that the Christmas buying is up to the average of last year, and a little above the average of last year taking the country as a whole--some places quite well above and, of course, some places a little below, which is a pretty fair index of the situation.
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More from Herbert Hoover
This reduction should be carried out not only by broad general cuts in armaments but by increasing the comparative power of defense through decreases in the power of the attack.
These expenditures cannot be recovered; they must be met by the taxpayer now or in the future.
The campaign will be conducted and managed entirely by Chairman Sanders and the Republican organization.
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