This measure I am signing today, together with the additional capital provided for the Federal land banks and the creation of the Reconstruction Finance Corporation, will so strengthen our whole credit structure and open the channels of credit as now to permit our banks more adequately to serve the needs of agriculture, industry, and commerce.
Statement on Signing the Federal Reserve Act, Amendments
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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.
We must make headway against the mutual fear and friction arising out of war armament which kill human confidence throughout the world.
I propose the adoption of the presentation already made at the Geneva Conference for the abolition of all tanks, all chemical warfare, and all large mobile guns.
While these features in the Wagner and the Garner bills are not in the form and are not as well safeguarded as they should be, they are in line with major objectives I have been advocating.
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