Herbert Hoover actually said...

I do greatly regret to lose an old friend out of my personal service.

I have no doubt that when the details of the plan are known they will be subject to criticism, as any plan will be.

The situation of the railways...is one of the, if not the greatest, economic problems that we have confronting us.

It means lower rates, and lower rates cannot be made except by broad economies in methods, or alternatively, by wage reductions.