Herbert Hoover actually said...

"The Government will encourage and foster the development of privately owned and operated radio facilities in such a manner that in time of war or similar national emergency there shall be available th..."

"No department shall erect a new station in the proximity of an existing government station, unless the same is incapable of rendering to such department the service that it requires."

"The review of the work of the Corporation showed that in the 14 weeks of its life loans of about $500 million were authorized to something like 4,000 banks, agricultural credit corporations, life insu..."

"Both of these committees to function in much the same way as the Interstate Commerce Commission now acts in passing upon loans to railroads."