Altogether, from the above reasons, it is my belief that the theoretical benefits would not be reflected to the American farmer; that it would create profiteering; that it contains elements which would bring American agriculture to disaster.
Herbert Hoover: “Altogether, from the above reasons, it is my belief that the theoretical benefits would not be reflected to the American…”
On the recordApril 21, 1929
Source
presidency.ucsb.eduEditor's note · Context
Letter to Senator Charles L. McNary on the Export Debenture Plan of Farm Relief.
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