Herbert Hoover actually said...

"It will be a most extensive and vigorous investigation."

"To some who are anxious over the appointment of temporary committees and commissions for advisory fact-finding, coordinating, or negotiating purposes, I may suggest that they are not a new necessity i..."

"The purpose of the investigation is, of course, to propose to Congress some essential reforms in the bankruptcy law and practice."

"The Committee will be made representative of the American Federation of Labor, the United States Chamber of Commerce, the Manufacturers' Association, Industrial Conference Board, the Railway Employees..."