10/28/1929
https://www.presidency.ucsb.edu...
"The first result of the plan, if put into operation, would be a gigantic gift from the government and the public to the dealers and manufacturers and speculators in these commodities."
"On the contrary I am convinced that it would bring disaster to the American farmer."
"The plan would require a substantial increase in taxes as no such expenditure or depletion of revenues as this plan implies could be paid from marginal income of the government more particularly in vi..."
"That is the enforcement and obedience to the laws of the United States, both Federal and State."