Herbert Hoover: “And bank failures which amounted to nearly 100 a week when the Corporation began are now down to about the casualties of…”

These expenditures cannot be recovered; they must be met by the taxpayer now or in the future.

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.

I earnestly hope that this may be done.

The applicant's name should appear in full on the front page of the application, thus, 'John Henry Smith,' not 'J.H. Smith'