These negotiations have been in progress for some weeks, and were undertaken at my suggestion in the hope of effecting the consolidation policies declared by Congress in 1920 and especially at this time as a contribution to the recovery of business by enlarging opportunity for employment and by increasing the financial stability of all the railways, and particularly some of their weaker roads.
Statement on Railroad Consolidation.
Share & report
More from Herbert Hoover
The details of this estimate, the necessity therefor, and the reason for its transmission at this time are set forth in the letter of the Director of the Bureau of the Budget transmitted herewith, with whose comments and observations…
But beyond platforms and measures there lies that sacred realm of ideals of hopes and aspirations, those things of the spirit, which make the greatness and the soul of the Nation.
I am deeply grateful for the highest honor that the party can confer.
I shall labor as I have labored to meet the effects of the worldwide storm which has devastated us with trials and suffering unequalled in but few periods of our history.
Other voices in this conversation
