On the 29th of January the Oil Conservation Board recommended to Congress that authority be given to the Federal Trade Commission to effect proration of imports, it being the Board's hope that a proration of production in the foreign pools exporting to the United States could [be] brought about as well as a proration of imports into the United States.
Statement on Oil Imports and Production
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More from Herbert Hoover
These expenditures cannot be recovered; they must be met by the taxpayer now or in the future.
It is folly for the world to go on breaking its back over military expenditure, and the United States is willing to take its share of responsibility by making definite proposals that will relieve the world.
That the validity of a passport . . . shall be limited to a period of two years.
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